2024-11-15T09:57:06-06:00 2023-12-31 221914888 NISIVOCCIA LLP 200 VALLEY RD SUITE 300 MT ARLINGTON NJ 07856 990 2023-01-01 223136966 KNOLL VIEW CORPORATION KNOL 9737294311 39 TRAPASSO DRIVE SPARTA NJ 07871 FRANCESCA MCKERNAN EXECUTIVE DIRECTOR 9737294311 2024-11-15 1 0 ANTHONY RISPOLI P02467381 9733281825 2024-11-14 2023 2024-10-15 13:58:12Z FRANCESCA MCKERNAN 39 TRAPASSO DRIVE SPARTA NJ 07871 243347 0 X N/A X 1994 NJ KNOLL VIEW CORPORATION PROVIDES HOUSING AND CONGREGATE CARE SERVICES TO ELDERLY RESIDENTS THROUGH THE OPERATION OF A 32 UNIT CONGREGATE FACILITY. 11 11 0 0 0 0 0 0 697460 211837 198 48 99893 31462 797551 243347 0 0 0 0 870744 709258 0 0 0 481482 318579 1352226 1027837 -554675 -784490 1515592 1385974 105288 760160 1410304 625814 X DEVELOPMENT AND OPERATION OF A 32 UNIT CONGREGATE CARE FACILITY FOR ELDERLY RESIDENTS. THE FACILITY IS DESIGNATED FOR THE PRIMARY PURPOSE OF PROVIDING DECENT, SAFE, AND SANITARY DWELLING UNITS FOR SENIOR CITIZENS OF LOW TO MODERATE INCOME IN NEED OF HOUSING AND RELATED SERVICES SUCH AS ADMINISTRATIVE, COMMUNITY, HEALTH, RECREATIONAL, EDUCATIONAL, AND WELFARE FACILITIES AND/OR SERVICES FOR SENIOR CITIZENS. 0 0 965941 243299 KNOLL VIEW CORPORATION PROVIDES HOUSING AND CONGREGATE CARE SERVICES TO ELDERLY RESIDENTS THROUGH THE OPERATION OF A 32 UNIT CONGREGATE CARE FACILITY. THE CORPORATION'S FACILITY IS LOCATED IN SPARTA, NJ AND OPERATES UNDER SECTION 8 OF THE NATIONAL HOUSING ACT. THE CORPORATION IS REGULATED BY THE NEW JERSEY DEPARTMENT OF COMMUNITY AFFAIRS (NJDCA) AS TO RENTAL CHARGES. THE CORPORATION IS ALSO REGULATED BY THE NEW JERSEY HOUSING AND MORTGAGE FINANCE AGENCY (NJHMFA) AS TO OPERATING EXPENSES AND OPERATING METHODS. 965941 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 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 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X THE ORGANIZATION 9737294311 39 TRAPASSO DRIVE SPARTA NJ 07871 X MATT HANNUM TREASURER 2.00 X X 0 0 0 DELORES GRACE TRUSTEE 2.00 X 0 0 0 JAY DUNN TRUSTEE 2.00 X 0 0 0 DAVID LATORRE SECRETARY 2.00 X X 0 0 0 MARIANNE DILWORTH VICE PRESIDENT 2.00 X X 0 0 0 REV JAMES MCGOVERN TRUSTEE 2.00 X 0 0 0 SHERRY DEFEO PRESIDENT 2.00 X X 0 0 0 REV H ALDEN WELCH TRUSTEE 2.00 X 0 0 0 ROBERT CANGEMI TRUSTEE 2.00 X 0 0 0 MARIA NELSON TRUSTEE 2.00 X 0 0 0 EDWARD MADZY TRUSTEE 2.00 X 0 0 0 FRANCESCA MCKERNAN EXECUTIVE DIRECTOR 40.00 X 0 0 0 0 0 0 0 0 0 0 0 CONGREGATE HOUSE 531110 82676 82676 APARTMENT RENT 531110 76511 76511 MEDICAID WAVER 531110 51210 51210 ASSISTED LIVING 531110 1440 1440 211837 48 48 MEALS 722511 22710 22710 MEDICATION MONITORING 621610 4852 4852 CABLE 517000 2732 2732 1168 1168 31462 243347 243299 0 48 525923 525923 19200 19200 116563 116563 47572 47572 220 220 15840 15840 1553 1553 27163 27163 58008 44086 13922 87572 87572 43733 43733 REPAIRS AND MAINTENANCE 81292 81292 SOCIAL SERVICES 3198 3198 1027837 965941 61896 0 100 100 1517 12489 37788 1044 7400 13057 3478825 2401508 1164889 1077317 303898 281967 1515592 1385974 64687 756425 23089 1108 17512 2627 105288 760160 X 1410304 625814 1410304 625814 1515592 1385974 -784490 0 X X 0 1 X 1 0 X 127844 127844 878770 752259 736245 697460 211837 3276571 878770 752259 864089 697460 211837 3404415 0 0 0 3404415 3070 1107 185 198 48 4608 3070 1107 185 198 48 4608 189095 115733 110494 99893 31462 546677 1070935 869099 974768 797551 243347 3955700 0.86060 0.85000 0.00120 0.00120 X 0 1 X 250958 250958 2955497 2171984 783513 38975 19933 19042 100753 77238 23515 132642 132353 289 1077317 RESERVE FOR REPAIRS AND REPLACEMENTS 169979 TENANT SECURITY DEPOSITS 1108 INSURANCE ESCROW 110835 REAL ESTATE ESCROW 45 281967 DEFERRED RENTAL INCOME 802 DUE TO RELATED PARTY 1825 2627 X 243347 0 243347 0 243347 1027837 0 1027837 0 1027837 PART IV, LINE 2B: UNDER THE TERMS OF THE TENANTS' LEASE AGREEMENTS, EACH TENANT IS REQUIRED TO MAKE A SECURITY DEPOSIT EQUAL TO APPROXIMATELY ONE MONTH'S RENT. AMOUNTS ARE RETAINED UNTIL THE TENANT VACATES, AT WHICH TIME SUCH DEPOSITS ARE RETURNED TO THE TENANT LESS DEDUCTIONS FOR DAMAGES. PART X, LINE 2: THE CORPORATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. THE CORPORATION IS ALSO EXEMPT UNDER TITLE 15 OF THE STATE OF NEW JERSEY CORPORATIONS AND ASSOCIATIONS NOT-FOR-PROFIT ACT. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAX HAS BEEN PRESENTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE CORPORATION FOLLOWS THE PROVISIONS OF FASB ASC, INCOME TAXES. THE STANDARD PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION RELATED TO THOSE TAX POSITIONS. THE CORPORATION DOES NOT EXPECT A SIGNIFICANT INCREASE OR DECREASE TO THE TOTAL AMOUNTS OF UNRECOGNIZED TAX POSITIONS DURING THE YEAR ENDED DECEMBER 31, 2023. HOWEVER, THE CORPORATION IS SUBJECT TO AUDIT BY TAX AUTHORITIES, INCLUDING A REVIEW OF ITS NONPROFIT STATUS WHICH MANAGEMENT BELIEVES WOULD BE UPHELD UPON EXAMINATION. THE CORPORATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS TAX RETURNS. NONETHELESS, THE AMOUNTS ULTIMATELY PAID, IF ANY, UPON RESOLUTION OF THE ISSUES RAISED BY THE TAXING AUTHORITIES MAY DIFFER MATERIALLY FROM THE AMOUNTS ACCRUED FOR EACH YEAR. THE CORPORATION FILES INFORMATIONAL RETURNS WITH BOTH THE FEDERAL AND NEW JERSEY STATE GOVERNMENTS ON AN ANNUAL BASIS - FORM 990 WITH THE INTERNAL REVENUE SERVICE, AND FORM CRI-200 WITH THE STATE. THESE RETURNS ARE SUBJECT TO EXAMINATION BY THESE AUTHORITIES WITHIN THREE YEARS FROM THE LATEST FILING DATE FOR FEDERAL. FORM 990, PART VI, SECTION B, LINE 11B THE CORPORATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS PROVIDED TO THE MEMBERS OF THE ORGANIZATION'S BOARD FOR REVIEW AND ANY COMMENTS PRIOR TO ITS SUBMISSION. ANY APPLICABLE ISSUES ARE ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C KNOLL VIEW CORPORATION CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT REGULARLY MONITORS AND ENFORCES. THE BOARD MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, GOVERNING BODY AND MANAGEMENT WILL INVESTIGATE THE ISSUE. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST MANAGEMENT AND THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY. THE MEMBER WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THAT THERE IS NO LONGER A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 SALARY SURVEYS ARE CONDUCTED EACH YEAR WITH COMPARABLE AGENCIES. THIS REPORT IS REVIEWED BY THE BOARD PRIOR TO SETTING ANNUAL SALARIES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE UPON WRITTEN REQUEST AT 39 TRAPASSO DRIVE, SPARTA, NJ 07871. FORM 990 PART XII LINE 2C THERE WAS NO CHANGE FROM THE PRIOR YEAR. SPARTA ECUMENICAL COUNCIL ON SENIOR CITIZEN HOUSING INC 39 TRAPASSO DRIVE SPARTA NJ 07871 222158413 PROVIDE SUBSIDIZED HOUSING FOR SENIOR CITIZENS NJ 501(C)(3) LINE 10 N/A 0 KNOLL SHARED HOUSING INC 39 TRAPASSO DRIVE SPARTA NJ 07871 203581816 PROVIDE SUBSIDIZED HOUSING FOR SENIOR CITIZENS NJ 501(C)(3) LINE 10 N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 0 1 SPARTA ECUMENICAL COUNCIL ON SENIOR CITIZEN HOUSING S FMV