2024-11-04T11:13:24-05:00 2023-12-31 223363665 GELTRUDE & COMPANY LLC 513 FRANKLIN AVE NUTLEY NJ 071101746 990 2023-01-01 222466188 GLEN ROCK SENIOR CITIZEN HOUSING CO GLEN 2014455276 1 GLEN AVENUE GLEN ROCK NJ 07452 ROBERT V BOURNE PRESIDENT 2014455276 2024-06-17 true false MICHAEL W CARLON P00200642 9736679100 2024-06-17 2023 2024-10-15 13:58:12Z ROBERT V BOURNE 1 GLEN AVE GLEN ROCK NJ 07452 1522089 false X X 1983 NJ TO PROVIDE RENTAL HOUSING AND HOUSING RELATED FACILITIES FOR SENIOR CITIZENS WHO ARE EITHER RESIDENTS OF THE BOROUGH OF GLEN ROCK, NJ OR FAMILIES OF SUCH PERSONS (3 STORY APARTMENT COMPLEX CONTAINING 80 APARTMENTS) 9 9 0 10 0 0 1362755 1501400 1542 15990 5691 4699 1369988 1522089 1000 1205 0 0 0 0 983043 1036864 984043 1038069 385945 484020 3556314 4041709 219760 221135 3336554 3820574 X TO PROVIDE RENTAL HOUSING AND HOUSING RELATED FACILITIES FOR SENIOR CITIZENS WHO ARE EITHER RESIDENTS OF THE BOROUGH OF GLEN ROCK, NJ OR FAMILIES OF SUCH PERSONS (3 STORY APARTMENT COMPLEX CONTAINING 80 APARTMENTS) false false 984494 1205 TO PROVIDE RENTAL HOUSING AND HOUSING RELATED FACILITIES FOR SENIOR CITIZENS WHO ARE EITHER RESIDENTS OF THE BOROUGH OF GLEN ROCK, NJ OR FAMILIES OF SUCH PERSONS (3 STORY APARTMENT COMPLEX CONTAINING 80 APARTMENTS) 984494 true false false false false false false false true false true false false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 11 0 false 0 false false false false false false false false X 9 9 false true false false false false false true false false false true true false true true true false false false X BETH DELL 2014455276 1 GLEN AVE GLEN ROCK NJ 07452 X MARY BARCHETTO TRUSTEE 1.00 X 0 0 0 LENORA BENJAMIN TRUSTEE 1.00 X 0 0 0 ROBERT V BOURNE PRESIDENT 5.00 X X 0 0 0 ROBERT J CROLAND TRUSTEE 1.00 X 0 0 0 EDWIN C FOSTER TRUSTEE 1.00 X 0 0 0 WILLIAM HUISKING VICE PRESIDE 5.00 X X 0 0 0 CARMINE NOGARA TREASURER 5.00 X X 0 0 0 KATHRYN RAZIN TRUSTEE 1.00 X 0 0 0 THOMAS SCERBO SECRETARY 10.00 X X 0 0 0 false false false EMERALD MANAGEMENT CORP 345 KINDERKAMACK ROAD SUITE C WESTWOOD NJ 07675 PROPERTY MGMT 320719 HOME SUPPLY WINDOW & DOOR 160 VAN WINKLE AVE HAWTHORNE NJ 07506 REPAIR 290112 JRB CONSTRUCTION MGMT CO 40 EISENHOWER DR SUITE 212 PARAMUS NJ 07652 REPAIRS 194543 3 RENTAL INCOME 531110 1498750 1498750 APPLICATION FEE 531110 2650 2650 1501400 15990 15990 LAUNDRY MACHINES 531110 4699 4699 4699 1522089 1522089 1205 1205 60071 60071 505 505 13010 13010 12138 2029 10109 1158 1158 371897 371897 206768 206768 PURCHASED SERVICES 261577 231626 29951 MAINTENANCE AND SUPPLIES 102620 102620 MISCELLANEOUS 7120 7120 1038069 984494 53575 0 1055834 1134709 99 27263 43576 8971264 6298967 2298620 2672297 174597 191028 3556314 4041709 45933 30107 173827 191028 219760 221135 X 3336554 3820574 3336554 3820574 3556314 4041709 484020 X false true X true false X 1184818 1183701 1223880 1362755 1522089 6477243 1184818 1183701 1223880 1362755 1522089 6477243 210933 212182 227684 255181 259297 1165277 210933 212182 227684 255181 259297 1165277 5311966 12652 10160 2325 1542 15990 42669 12652 10160 2325 1542 15990 42669 1197470 1193861 1226205 1364297 1538079 6519912 0.81470 0.79940 0.01000 0.00000 X false false 272527 272527 8232964 6298967 1933997 2206524 X 1522089 1522089 1522089 1038069 1038069 1038069 SCHEDULE D, PAGE 3, PART X THE CORPORATION IS A NOT-FOR-PROFIT ENTITY AS DESCRIBED IN SECTION 501(C)3 OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE CORPORATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CORPORATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT DISCLOSURE. THE CORPORATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICATION TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2020. SCHEDULE D, PAGE 4, PART XIII PART IV, LINE 2B: UNDER NEW JERSEY LAW, THESE RESIDENT'S SECURITY DEPOSITS ARE HELD BY THE CORPORATION IN SEGREGATED SUB-ACCOUNTS UNTIL THE APARTMENT IS VACATED, AT WHICH TIME THE SECURITY DEPOSIT IS RETURNED WITH INTEREST, MINUS THE AMOUNT FOR ANY DAMAGES TO THE APARTMENT. PART X, LINE 2: THE CORPORATION IS A NOT-FOR-PROFIT ENTITY AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE CORPORATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CORPORATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE CORPORATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2019. FORM 990 - ORGANIZATION'S MISSION TO PROVIDE RENTAL HOUSING AND HOUSING RELATED FACILITIES FOR SENIOR CITIZENS WHO ARE EITHER RESIDENTS OF THE BOROUGH OF GLEN ROCK, NJ OR FAMILIES OF SUCH PERSONS (3 STORY APARTMENT COMPLEX CONTAINING 80 APARTMENTS) FORM 990, PAGE 6, PART VI, LINE 3 THE ENTITY PURCHASES MANAGEMENT SERVICES FROM AN UNRELATED MANAGEMENT SERVICES CORPORATION, EMERALD MANAGEMENT CORPORATION. MANAGEMENT FEES TOTALING 54,696 WERE PAID DURING 2023. NO OFFICERS OR TRUSTEES RECEIVED ANY COMPENSATION FROM THE MANAGEMENT COMPANY FOR SERVICES PROVIDED TO THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PAGE 6, PART VI, LINE 11B THE CORPORATION HAS ITS FORM 990 PREPARED BY THE CPA FIRM THAT CONDUCTS THE ANNUAL AUDIT OF THE CORPORATION. AFTER THE 990 IS PREPARED BY THE CPA FIRM A PAPER COPY IS REVIEWED AND APPROVED BY THE PRESIDENT AND TREASURER OF THE CORPORATION. AFTER REVIEW AND APPROVAL BY THE ABOVE INDIVIDUALS THE BOARD WILL REVIEW THE FORM 990 AND THE ANNUAL AUDIT AND APPROVE THE FORM THEREOF PRIOR TO FILING WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD OF TRUSTEES REVIEWS AND PASSES A CONFLICT OF INTEREST POLICY TO DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST FOR THE MEMBERS OF THE BOARD OF TRUSTEES AND OFFICERS. PURSUANT TO THAT POLICY, THE BOARD DETERMINES ITS APPLICABILITY WHEN REQUIRED. IN ADDITION, IF ANY MEMBERS OF THE BOARD HAVE A QUESTION AT ANY TIME ABOUT A PERSONAL INTEREST IMPACTING HIS OR HER DUTIES AND OBLIGATIONS TO THE CORPORATION, THE MEMBER SHOULD MAKE HIS QUESTION KNOWN TO THE PRESIDENT, OR ANOTHER OFFICER IF THE PRESIDENT IS RAISING THE QUESTION, WHO THEN MAY SHARE THE QUESTION WITH COUNSEL FOR THE CORPORATION. MEMBERS OF THE BOARD ARE NOT REQUIRED TO COMPLETE AN ANNUAL DISCLOSURE STATEMENT. IF A CONFLICT WERE TO ARISE, THE BOARD WILL FOLLOW THE GUIDELINES SET UNDER N.J.S.A. 15A:6-8, CAPTIONED "EFFECT OF COMMON TRUSTEESHIPS AND TRUSTEES' PERSONAL INTEREST", WHICH CONTROLS THE PERMITTED PERSONAL INTERESTS BY MEMBERS OF THE BOARD OF TRUSTEES OF THE CORPORATION. FURTHERMORE, IF IT WAS DETERMINED THAT A CONFLICT OF INTEREST EXISTED THE AFFECTED PERSON WOULD BE REQUIRED TO RECUSE THEMSELVES FROM ANY DISCUSSION OR VOTE ON THE PROPOSED TRANSACTION. FORM 990, PAGE 6, PART VI, LINE 19 GLEN ROCK SENIOR CITIZEN HOUSING CORPORATION MAKES ITS FORM 990, FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, FORM 1023, AND BY-LAWS AVAILABLE UPON WRITTEN REQUEST AT 1 GLEN AVENUE, GLEN ROCK, NJ 07452 OR BY CALLING THE ORGANIZATION DIRECTLY AT (201)445-5276.