2024-11-15T11:57:26-06:00 2023-12-31 221478099 COHNREZNICK LLP 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019 990 2023-01-01 133026182 PRINCETON COMMUNITY HOUSING INC PRIN 6099243822 ONE MONUMENT DRIVE PRINCETON NJ 08540 EDWARD TRUSCELLI EXECUTIVE DIRECTOR 6099243822 2024-11-12 1 1 JOLANTA TUCK CPA P01340068 2122970400 2024-11-06 2023 2024-10-15 13:58:12Z EDWARD TRUSCELLI ONE MONUMENT DRIVE PRINCETON NJ 08540 481172 0 X WWW.PRINCETONCOMMUNITYHOUSING.ORG X 1967 NJ TO RAISE FUNDS FOR AND PROVIDE ASSISTANCE TO LOW AND MODERATE INCOME HOUSING PROJECTS IN THE PRINCETON, NJ AREA. 16 16 0 16 0 0 624075 310388 0 0 58347 150384 -38197 -24706 644225 436066 236373 624483 0 0 155441 0 32500 3900 246548 36398 282923 460712 911306 183513 -475240 4507197 4315951 54404 21210 4452793 4294741 TO RAISE FUNDS FOR AND PROVIDE ASSISTANCE TO LOW AND MODERATE INCOME HOUSING PROJECTS IN THE PRINCETON, NJ AREA. 0 0 644032 624483 PCH PROGRAM SERVICES INCLUDE EXPANDING THE INVENTORY OF AFFORDABLE HOMES IN PRINCETON TO MEET THE URGENT NEED FOR MORE AFFORDABLE HOUSING; MAINTAINING AND ENHANCING THE HOUSING AND SOCIAL SERVICES THAT ENRICH THE QUALITY OF LIFE FOR OUR RESIDENTS. 644032 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 3 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 NJ X ALICIA DEFREITAS 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 125293 185095 310388 150384 150384 20400 125293 45106 -24706 -24706 436066 0 0 125678 X 612465 612465 12018 12018 9025 9025 3900 3900 245974 13400 232574 14351 8064 6287 7424 3637 3787 50 50 6099 6099 911306 644032 20726 246548 641472 328773 582118 30577 252602 163552 3005623 3765822 25382 27227 4507197 4315951 54404 17481 0 3729 54404 21210 X 3833773 3848887 619020 445854 4452793 4294741 4507197 4315951 -475240 317188 0 X 0 1 X 1 0 X 193845 337079 831446 603241 330788 2296399 193845 337079 831446 603241 330788 2296399 210064 2086335 90112 42384 122360 58347 150384 463587 2759986 0.75590 0.77970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25382 2313 468 27227 27880 -2122 376 25382 25277 2885 282 27880 21625 4027 375 25277 19746 2160 281 21625 1.00000 0 0 0 DUE TO AFFILIATE 3729 3729 X 8372651 317188 7574291 7891479 481172 -45106 -45106 436066 8403739 7492433 7492433 911306 0 911306 PART V, LINE 4: THE BOARD OF TRUSTEES CONTRIBUTED $10,000 OF UNRESTRICTED NET ASSETS TO THE PRINCETON AREA COMMUNITY FOUNDATION AS A GENERAL ENDOWMENT FUND TO SUPPORT THE MISSION OF PCH. SINCE THE AMOUNT RESULTED FROM AN INTERNAL DESIGNATION AND IS NOT DONOR-RESTRICTED, IT IS CLASSIFIED AND REPORTED AS UNRESTRICTED NET ASSETS. THE ENDOWMENT FUND ASSETS ARE HELD IN POOLED INCOME FUNDS AT THE PRINCETON AREA COMMUNITY FOUNDATION. PART X, LINE 2: PCH AND NON-PROFIT 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 YEAR ENDED DECEMBER 31 2023. DUE TO THEIR TAX-EXEMPT STATUS, PCH AND NON-PROFIT CORPORATE AFFILIATES ARE NOT SUBJECT TO INCOME TAXES. PCH AND NON-PROFIT CORPORATE AFFILIATES ARE REQUIRED TO FILE AND DO FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND PCH AND NON-PROFIT CORPORATE AFFILIATES HAVE NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. PCH AND NON-PROFIT 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 9,185,097. RELATED ORGANIZATION ELIMINATIONS -1,610,806. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASSED FUNDRAISING EXPENSES -45,106. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION EXP 8,507,805. RELATED ORGANIZATION ELIMINATIONS -1,060,478. RECLASSED FUNDRAISING EXPENSES 45,106. 2023 GALA 145693 125293 20400 32444 10163 2499 145693 125293 20400 32444 10163 2499 45106 -24706 1 PCH DEVELOPMENT CORP ONE MONUMENT DR PRINCETON NJ 08540 222876697 501(C)(3) 100000 0 AFFORDABLE HOUSING -PREDEVELOPMENT PRINCETON COMMUNITY VILLAGE ASSOCIATES ONE MONUMENT DR PRINCETON NJ 08540 222578601 508465 0 AFFORDABLE HOUSING -PREDEVELOPMENT 1 1 STIPENDS 12018 PART I, LINE 2: GRANTS ARE GIVEN TO RELATED ORGANIZATIONS, AND THEREFORE THE USE OF FUNDS CAN BE EASLIY MONITORED. 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 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 EMPLOYEES ARE REQUIRED TO SIGN A CONFLICT 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 IX, LINE 11G OTHER FEES: PROGRAM SERVICE EXPENSES 13,400. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 232,574. TOTAL EXPENSES 245,974. 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 08540 562477473 VERY LOW INCOME HOUSING NJ 501(C)(3) 10 PRINCETON COMMUNITY HOUSING 1 ELM COURT INC ONE MONUMENT DRIVE PRINCETON NJ 08540 208984541 VERY LOW INCOME HOUSING NJ 501(C)(3) 10 PRINCETON COMMUNITY HOUSING 1 GRIGGS FARM INC ONE MONUMENT DRIVE PRINCETON NJ 08540 208198080 LOW INCOME HOUSING NJ 501(C)(3) 10 PRINCETON COMMUNITY HOUSING 1 PCH DEVELOPMENT CORPORATION ONE MONUMENT DRIVE PRINCETON NJ 08540 222876697 MANAGEMENT SERVICES FOR LOW AND MODERATE INCOME HOUSING PROJECTS NJ 501(C)(3) 10 PRINCETON COMMUNITY HOUSING 1 PCH HOMESINC ONE MONUMENT DRIVE PRINCETON NJ 08540 274444170 LOW INCOME HOUSING NJ 501(C)(3) 10 PRINCETON COMMUNITY HOUSING 1 PCH VILLAGE INC ONE MONUMENT DRIVE PRINCETON NJ 08540 222085939 LOW AND MODERATE INCOME HOUSING NJ 501(C)(3) 10 PRINCETON COMMUNITY HOUSING 1 PCV GROUP INC ONE MONUMENT DRIVE PRINCETON NJ 08540 222820022 LOW AND MODERATE INCOME HOUSING NJ 501(C)(3) 10 PRINCETON COMMUNITY HOUSING 1 PRINCETON COMMUNITY VILLAGE ASSOCIATES LP ONE MONUMENT DRIVE PRINCETON NJ 08540 222578601 LOW AND MODERATE INCOME HOUSING NJ N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 PCH DEVELOPMENT CORP B 100000 FMV ELM COURT INC B 4000 FMV