2024-11-13T10:12:52-06:00 2023-12-31 221478099 COHNREZNICK LLP 14 SYLVAN WAY PARSIPPANY NJ 070543801 990 2023-01-01 222085939 PCH VILLAGE INC PCHV 6099243822 ONE MONUMENT DRIVE PRINCETON NJ 08540 EDWARD TRUSCELLI EXECUTIVE DIRECTOR 6099243822 2024-11-13 1 1 JOLANTA TUCK CPA P01340068 9732283500 2024-11-06 2023 2024-10-15 13:58:12Z EDWARD TRUSCELLI ONE MONUMENT DRIVE PRINCETON NJ 08540 278702 0 X WWW.PRINCETONCOMMUNITYHOUSING.ORG X 1984 NJ PROVIDE QUALITY RENTAL HOMES IN A WELCOMING, DIVERSE COMMUNITY FOR INDIVIDUALS AND FAMILIES WHOSE INCOMES RANGE FROM 30% OF THE COUNTY MEDIAN FOR A ONE BEDROOM HOUSEHOLD TO 128% OF THE COUNTY MEDIAN FOR A FOUR PERSON HOUSEHOLD AND WHICH COMPLY WITH GUIDELINES SET BY THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). 16 16 0 16 0 0 0 0 2382192 268786 1069 9916 0 0 2383261 278702 0 0 0 0 0 0 0 0 0 0 0 0 0 2383261 278702 7516199 6994188 0 0 7516199 6994188 X PROVIDE INDIVIDUALS AND FAMILIES OF LOW AND MODERATE INCOME WITH QUALITY HOMES IN A WELCOMING AND DIVERSE COMMUNITY OF 168 TOWNHOUSES WITH TWO TO FOUR BEDROOMS AND A SIX-STORY APARTMENT BUILDING WITH 71 SINGLE BEDROOM APARTMENTS WE PROVIDE SOCIAL AND SUPPORTIVE OPPORTUNITIES AND ENSURE ACCESS TO RESOURCES IN THE PRINCETON COMMUNITY FOR OUR MORE THAN 600 RESIDENTS RESIDENTS WHOSE INCOMES RISE OVER TIME ARE ABLE TO REMAIN IN THEIR HOME, AT A HIGHER MONTHLY RENT PRINCETON COMMUNITY VILLAGE OFFERS A LIMITED NUMBER OF FEDERAL RENT SUBSIDIES TO 40 LOWER-INCOME RESIDENTS, ENABLING THEM TO PAY NO MORE THAN 30% OF THEIR INCOME IN RENTAL CHARGES. 0 0 0 278702 PRINCETON COMMUNITY VILLAGE ASSOCIATES, LP OWNS ALL THE FACILITIES, WHICH WERE CONSTRUCTED IN 1975 UNDER ONE OF HUD'S ORIGINAL INTEREST RATE SUBSIDY PROGRAMS THAT ENABLED COMMUNITIES TO PROVIDE AFFORDABLE HOMES FOR MODERATE INCOME FAMILIES AND INDIVIDUALS OTHERWISE UNABLE TOBENEFIT FROM LOCAL EDUCATION AND EMPLOYMENT OPPORTUNITIES THE VILLAGE IS LOCATED ON A WOODED SITE, WITH OPEN SPACE ACCESS, BIKE PATHS, AND A MUNICIPAL PLAYGROUND RIGHT AT HAND PCH DEVELOPMENT CORPORATION, A 501(C)3 ENTITY, MANAGES THE BUILDINGS AND OPERATIONS OUR STAFF INCLUDES A BILINGUAL SOCIAL SERVICES COORDINATOR TO ASSIST RESIDENTS WITH APPLICATIONS FOR RELEVANT PROGRAMS AND CONNECT THEM WITH COMMUNITY RESOURCES, SUCH AS PRINCETON YOUNG ACHIEVERS (PYA) PYA PROVIDES AFTER-SCHOOL EDUCATIONAL PROGRAMS AT OUR ON-SITE LEARNING CENTER FREE BUS SERVICE TO PRINCETON'S SHOPPING AREAS, LIBRARY, AND SENIOR RESOURCE CENTER OPERATES SIX DAYS A WEEK, AND THE VILLAGE IS LOCATED ON THE NJ TRANSIT BUS ROUTE THAT SERVES THE ENTIRE REGION WE STRIVE TO BUILD A STRONG COMMUNITY AMONG OUR RESIDENTS, WHO HAIL FROM 32 COUNTRIES VILLAGE-WIDE EVENTS, SUCH AS QUARTERLY RESIDENT MEETINGS AND ANNUAL HOLIDAY CELEBRATIONS ARE HELD IN THE TED VIAL CLUBHOUSE BUILDING, NAMED FOR ONE OF THE FOUNDERS OF PRINCETON COMMUNITY VILLAGE THE CLUBHOUSE ALSO PROVIDES SPACE FOR PRIVATE SOCIAL GATHERINGS AND SEMINARS ON TOPICS OF INTEREST TO RESIDENTS, SUCH AS PUBLIC SAFETY, PERSONAL FINANCE, HEALTH AND WELLNESS, AND LEGAL ASSISTANCE. PRINCETON COMMUNITY VILLAGE HAD A CONTRACT FOR 24 RENT SUPPLEMENT SUBSIDY FAMILY-BASED VOUCHERS WHICH EXPIRED IN JANUARY 2015 THE 24 VOUCHERS WERE CONVERTED TO PROJECT-BASED VOUCHERS UNDER HUD'S RENTAL ASSISTANCE DEMONSTRATION OR RAD PROGRAM AND WILL CONTINUE TO BE PROJECT BASED THROUGH 2030 THE 24 NOW ARE ADMINISTERED THROUGH A LOCAL HOUSING AUTHORITY. 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 X ALICIA DEFREITAS CO PCH DEVELOPMENT CORPORATION 6099243822 ONE MONUMENT DRIVE PRINCETON NJ 08540 ABREAH SANTIAGO BOARD MEMBER 1.00 7.00 X 0 0 0 ALICE K SMALL PRESIDENT 1.00 7.00 X X 0 0 0 C VANLEER DAVIS BOARD MEMBER 1.00 7.00 X 0 0 0 CHAD KLAUS BOARD MEMBER 1.00 7.00 X 0 0 0 DANIELA BONAFEDE-CHHABRA BOARD MEMBER 1.00 7.00 X 0 0 0 ELIZABETH HOCK BOARD MEMBER 1.00 7.00 X 0 0 0 JAMES DEMETRIADES BOARD MEMBER 1.00 7.00 X 0 0 0 JOHN W GILMORE BOARD MEMBER 1.00 7.00 X 0 0 0 KATHLEEN K FAREWELL VICE PRESIDENT 1.00 7.00 X X 0 0 0 MARGARET GRIFFIN BOARD MEMBER 1.00 7.00 X 0 0 0 NICOLE SHELTON BOARD MEMBER 1.00 7.00 X 0 0 0 RICHARD GITTLEMAN BOARD MEMBER 1.00 7.00 X 0 0 0 ROBERT FERNHOLZ SECRETARY 1.00 7.00 X X 0 0 0 SONIA CHADHA BOARD MEMBER 1.00 7.00 X 0 0 0 TONY CAPOZZOLI TREASURER 1.00 7.00 X X 0 0 0 VALERIE HAYNES BOARD MEMBER 1.00 7.00 X 0 0 0 EDWARD TRUSCELLI EXECUTIVE DIRECTOR 1.00 39.00 X 0 169437 37693 JANET MCCLAFFERTY FINANCE DIRECTOR 1.00 39.00 X 0 134458 17414 0 303895 55107 0 0 1 0 0 PASSTHROUGH INCOME 531390 268786 268786 268786 4882 4882 5034 0 5034 5034 5034 278702 273820 0 4882 0 0 0 0 800714 6715485 6994188 7516199 6994188 0 0 X 7516199 6994188 7516199 6994188 7516199 6994188 X 278702 -800713 X 0 1 X 1 0 X 34795 292877 71597 2337029 268787 3005085 34795 292877 71597 2337029 268787 3005085 0 0 0 3005085 12036 4252 1363 1048 4882 23581 12036 4252 1363 1048 4882 23581 46831 297129 72960 2338077 273669 3028666 0.99220 0.98980 0.00780 0.01020 X 0 INVESTMENT IN PCVA, LP 6994188 C 6994188 X 8372651 8093949 8093949 278702 0 278702 8403739 8403739 8403739 0 0 0 PART X, LINE 2: PCH AND NONPROFIT CORPORATE AFFILIATES APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS TAX-EXEMPT ENTITIES PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31 2023 AND 2022. DUE TO THEIR TAX-EXEMPT STATUS, PCH AND NONPROFIT CORPORATE AFFILIATES ARE NOT SUBJECT TO INCOME TAXES. PCH AND NONPROFIT CORPORATE AFFILIATES ARE REQUIRED TO FILE AND DO FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE CONSOLIDATED AND COMBINED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND PCH AND NONPROFIT CORPORATE AFFILIATES HAVE NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. PCH AND NONPROFIT CORPORATE AFFILIATES ARE NO LONGER SUBJECT TO U.S. FEDERAL, STATE, OR LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS ENDED DECEMBER 31, 2020 AND PRIOR. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION REVENUE 9,531,376. RELATED ORGANIZATION ELIMINATIONS -1,610,806. BOOK TO TAX INVESTMENT ADJUSTMENT 173,379. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION EXPENSES 9,464,217. RELATED ORGANIZATION ELIMINATIONS -1,060,478. 0 0 0 0 0 0 0 0 0 EDWARD TRUSCELLI EXECUTIVE DIRECTOR 0 169437 0 0 0 0 0 5350 0 32343 0 207130 0 0 JANET MCCLAFFERTY FINANCE DIRECTOR 0 134458 0 0 0 0 0 4107 0 13307 0 151872 0 0 FORM 990, PART VI, SECTION A, LINE 3 OVERSIGHT OF MANAGEMENT FUNCTIONS FOR THE ORGANIZATION ARE PERFORMED BY PCH DEVELOPMENT CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE 990, WITH THE SCHEDULE B REMOVED DUE TO DONOR REQUESTS FOR ANONYMITY, IS EMAILED TO BOARD MEMBERS BEFORE THE 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES AND THE KEY EMPLOYEE ARE REQUIRED TO SIGN A CONFICT OF INTEREST POLICY ANNUALLY. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 IS AVAILABLE UPON REQUEST OF THE ORGANIZATION AND VIA WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS DESCRIBED ARE AVAILABLE UPON REQUEST OF THE ORGANIZATION. FORM 990, PART XI, LINE 9: CAPITAL CONTRIBUTION -800,713. FORM 990, PG 6, SEC B QUESTIONS 15A AND 15B: THESE QUESTIONS ARE ANSWERED NO IN ACCORDANCE WITH IRS FORM 990 INSTRUCTIONS. THE RELATED ORGANIZATION, WHICH PAID OFFICER COMPENSATION, USED A PROCESS FOR DETERMINING COMPENSATION THAT INCLUDED 1) REVIEW AND APPROVAL BY A GOVERNING BOARD OR COMMITTEE COMPRISED OF PERSONS WITH NO CONFLICT OF INTEREST, 2) USE OF DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS, 3) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING. ELM COURT II INC ONE MONUMENT DRIVE PRINCETON NJ 08527 562477473 VERY LOW INCOME HOUSING NJ 501(C)(3) LINE 10 PRINCETON COMMUNITY HOUSING 0 ELM COURT INC ONE MONUMENT DRIVE PRINCETON NJ 08527 208984541 VERY LOW INCOME HOUSING NJ 501(C)(3) LINE 10 PRINCETON COMMUNITY HOUSING 0 GRIGGS FARM INC ONE MONUMENT DRIVE PRINCETON NJ 08527 208198080 LOW INCOME HOUSING NJ 501(C)(3) LINE 10 PRINCETON COMMUNITY HOUSING 0 PCH DEVELOPMENT CORPORATION ONE MONUMENT DRIVE PRINCETON NJ 08527 222876697 MANAGEMENT SERVICES FOR LOW AND MODERATE INCOME HOUSING PROJECTS NJ 501(C)(3) LINE 10 PRINCETON COMMUNITY HOUSING 0 PCH HOMES INC ONE MONUMENT DRIVE PRINCETON NJ 08527 274444170 LOW INCOME HOUSING NJ 501(C)(3) LINE 10 PRINCETON COMMUNITY HOUSING 0 PCV GROUP INC ONE MONUMENT DRIVE PRINCETON NJ 08527 222820022 LOW AND MODERATE INCOME HOUSING NJ 501(C)(3) LINE 10 PRINCETON COMMUNITY HOUSING 0 PRINCETON COMMUNITY HOUSING INC ONE MONUMENT DRIVE PRINCETON NJ 08527 133026182 RAISE FUNDS & PROVIDE ASSISTANCE TO LOW AND MODERATE INCOME HOUSING PROJECTS NJ 501(C)(3) LINE 7 N/A 0 PRINCETON COMMUNITY VILLAGE ASSOCIATES LP ONE MONUMENT DRIVE PRINCETON NJ 08540 222578601 LOW AND MODERATE INCOME HOUSING NJ PCHV RELATED 278702 21046349 0 0 0.98990 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0