2024-11-04T14:16:49-06:00 2023-06-30 221478099 COHNREZNICK LLP 14 SYLVAN WAY PARSIPPANY NJ 070543801 990 2022-07-01 222390872 VILLAGE APARTMENTS OF CHERRY HILL NJ VILL 8563724181 1845 HADDON AVENUE CAMDEN NJ 08103 ROBERT WAITE CONTROLLER 8563724181 2024-11-04 1 1 ZACHARY SEGAL P01511850 9732283500 2024-11-03 2022 2024-10-15 13:58:12Z ROBERT WAITE 1845 HADDON AVENUE CAMDEN NJ 08103 2045655 0 0928 X N/A X 1983 NJ PROVIDING HOUSING FOR THE ELDERLY AND HANDICAPPED. 5 5 0 5 0 0 1559307 1567184 419796 466743 1586 6114 4817 5614 1985506 2045655 0 0 0 0 777105 355456 0 0 0 1533448 1930759 2310553 2286215 -325047 -240560 3554647 3094479 6183633 5964025 -2628986 -2869546 THE ORGANIZATION HAS 149 UNITS WHICH ARE SUBSIDIZED BY THE FEDERAL DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT UNDER HUD SECTION 8. 0 0 2119261 472357 PROMOTING THE WELFARE OF AND PROVIDING HOUSING FOR ELDERLY AND HANDICAPPED INDIVIDUALS. 2119261 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 18 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 X ROBERT WAITE 8563724181 1845 HADDON AVENUE CAMDEN NJ 08103 REV ROBERT E HUGHES PRESIDENT 1.00 X X 0 0 0 REV RAYMOND GORMLEY VICE PRESIDENT 1.00 X X 0 0 0 REV JASON ROCKS SECRETARY 1.00 X X 0 0 0 REV JOSEPH T SZOLCAK TREASURER 1.00 X X 0 0 0 MOST REV DENNIS J SULLIVAN TRUSTEE 1.00 X 0 0 0 JAMES REYNOLDS EXECUTIVE DIRECTOR 1.00 39.00 X 30087 127259 4838 ROBERT WAITE CONTROLLER 1.00 39.00 X 7745 32759 9367 37832 160018 14205 0 0 1 0 0 1567184 1567184 APARTMENT RENTALS 532000 466743 466743 466743 6114 6114 LAUNDRY AND VENDING 812300 5614 5614 5614 2045655 472357 0 6114 40548 40548 143768 143768 21673 21673 121611 121611 27856 27856 110492 110492 538 538 56278 56278 537 537 56318 56318 297750 297750 1930 1930 157152 157152 494906 494906 29268 29268 OPERATING AND MAINTENAN 477321 477321 MISCELLANEOUS ADMINISTR 237889 237889 MISELLANEOUS FINANCIAL 10196 10196 CORPORATE OR MORTGAGOR 184 184 2286215 2119261 166954 0 29909 19195 10814 15279 9626 77020 81596 12292401 11416499 1338684 875902 2082941 2108160 3554647 3094479 103012 85399 15809 27103 5743215 5576180 321597 275343 6183633 5964025 X -2628986 -2869546 -2628986 -2869546 3554647 3094479 -240560 0 X 0 1 X 1 1 1 X 1535554 1534947 1558424 1559307 1567184 7755416 386150 388837 424304 419796 466743 2085830 10479 5772 7193 4817 5614 33875 1932183 1929556 1989921 1983920 2039541 9875121 0 0 0 9875121 1340 8189 1866 1586 6114 19095 1340 8189 1866 1586 6114 19095 1933523 1937745 1991787 1985506 2045655 9894216 0.99810 0.99860 0.00190 0.00140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 236287 7753 54431 189609 232500 3787 236287 244769 -12267 232502 204765 40004 244769 208540 -3775 204765 0.66000 0.34000 0 1 1 345000 345000 10463015 10068615 394400 667852 617691 50161 739183 669240 69943 77351 60953 16398 875902 TENANT DEPOSITS 51710 RESERVE FOR REPLACEMENTS 1027876 ESCROW DEPOSITS 76287 RESIDUAL RECEIPTS 37620 OTHER RESERVES 914667 2108160 TENANT SECURITY DEPOSITS 51710 DUE TO HSC 213263 DUE TO DIOCESE OF CAMDEN 10000 DUE TO HUD RESIDUAL RECEIPTS 370 275343 X 2045655 0 2045655 0 2045655 2286215 0 2286215 0 2286215 PART V, LINE 4: ENDOWMENT FUND IS HELD BY A RELATED ORGANIZATION. THE ENDOWMENT FUND IS ESTABLISHED TO ASSIST VICTIMS OF SEXUAL AND CRIMINAL VIOLENCE IN CAMDEN COUNTY AND THE VICINITY WITH A CONCENTRATION IN CAMDEN CITY, WHO ARE IN FINANCIAL NEED, TO OBTAIN THE NECESSARY COUNSELING. PART X, LINE 2: THE ORGANIZATION HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2022. DUE TO ITS TAX-EXEMPT STATUS, THE ORGANIZATION IS NOT SUBJECT TO INCOME TAXES. THE ORGANIZATION IS REQUIRED TO FILE AND DOES FILE INFORMATIONAL RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT, AS OF JUNE 30, 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE ORGANIZATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INFORMATIONAL RETURNS FILED BY THE ORGANIZATION ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INFORMATIONAL RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2020 REMAIN OPEN. 0 0 0 0 0 0 0 0 0 JAMES REYNOLDS EXECUTIVE DIRECTOR 30087 127259 0 0 0 0 925 3913 0 0 31012 131172 0 0 FORM 990, SCHEDULE J THE COMPENSATION FOR THE CEO IS ESTABLISHED BY DIOCESAN HOUSING SERVICES. FORM 990, PART VI, SECTION A, LINE 3 MANAGEMENT SERVICES ARE PERFORMED BY THE DIOCESAN HOUSING SERVICES CORP. MANAGEMENT SERVICES THAT ARE PROVIDED TO THE PROPERTY ARE FOR THE PURPOSE OF ADMINISTERING THE RULES AND REGULATIONS ESTABLISHED BY HUD. THEY INCLUDE BUT ARE NOT LIMITED TO FINANCIAL MANAGEMENT, BUDGET PREPARATION, RENT COLLECTION, PURCHASING, AUDIT, OPERATION AND MAINTENANCE, TENANT SELECTION, PROJECT ELIGIBILITY AND ASSIGNMENT AND WAIT LIST MAINTENANCE AS WELL AS TENANT RELATIONS, SOCIAL SERVICES, MAINTENANCE OF TENANT RECORDS AND ANNUAL RECERTIFICATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE ORGANIZATION'S CONTROLLER BEFORE FILING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. DIOCESAN HOUSING SERVICES CORPORATION OF THE DIOCESE OF CAMDEN INC 1845 HADDON AVE CAMDEN NJ 08104 HOUSING SERVICE NJ 501(C)(3) 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 THE ORGANIZATION WAS TRANSITIONING BETWEEN ACCOUNTING FIRMS AND UNINTENTIONALLY FAILED TO TIMELY FILE THE FORM 990. UPON RECOGNION OF THIS ERROR, THE MANAGEMENT TEAM WORKED WITH THE NEW ACCOUNTING FIRM TO ENSURE COMPLETION OF THIS FORM 990. THE ORGANIZATION HAS HISTORICALLY AND CONSISTENTLY MET ITS FILING OBLIGATION. THIS WAS CLEARY AN OVERSIGHT AND NOT ANY WILLFUL INTENT TO MISS THE FILING DEADLINE. THE ORGANIZATION HAS A PROCESS IN PLACE TO ENSURE TIMELY FILING MOVING FORWARD. BASED ON THE FACTS ABOVE, WE RESPECTFULLY SUBMIT THIS REASONABLE CAUSE STATEMENT, AND REQUEST THE IRS NOT ASSESS ANY PENALTIES FOR LATE FILING OF THE TAXPAYER'S RETURN.