2024-06-17T07:26:39-07:00 2023-12-31 221481139 SAMUEL KLEIN AND COMPANY 550 BROAD ST STE 11 NEWARK NJ 07102 990 2023-01-01 222295830 PARSIPPANY-TROY HILLS SENIOR CITIZEN HOUSING CORP PARS 8564861990 C/O BRUCE T BENSON PRESIDENT PARSIPPANY NJ 07054 BRUCE BENSON President 2024-06-17 true BRUCE BENSON 999009999 true BRUCE W MICHEL P00381558 9736246100 2 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z BRUCE BENSON 3512259 false X N/A X 1979 NJ THE ORGANIZATION'S PRIMARY PUPROSE IS TO ASSIST LOW AND MODERATE INCOME ELDERLY AND DISABLED INDIVIDUALS WITH THEIR HOUSING NEEDS. 10 10 7 0 2672343 2690877 579778 645781 217781 175601 0 3469902 3512259 22101 39101 0 529845 557790 0 0 2203133 2126223 2755079 2723114 714823 789145 19750511 22449690 210448 205342 19540063 22244348 THE ORGANIZATION'S PRIMARY PUPROSE IS TO ASSIST LOW AND MODERATE INCOME ELDERLY AND DISABLED INDIVIDUALS WITH THEIR HOUSING NEEDS. false false 2317884 TO OPERATE AND MAINTAIN AN AFFORDABLE HOUSING COMMUNITY CONSISTING OF 191 UNITS FOR ELDERLY AND HANDICAPPED INDIVIDUALS PURSUANT TO SECTION 8 OF THE U.S. HOUSING ACT OF 1937 AS AMENDED. 2317884 true false false false false false false false false false true false false true true true true false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false true 11 0 true 7 true false false false false false false false 0 false false false false false false false X 10 10 false true false false false false false true true false false true true true true true true true true false X X PRD MANAGEMENT INC 8564861990 457 HADDONFIELD ROAD CHERRY HILL NJ 08002 X BRUCE T BENSON President 0.76 0.00 X X 0 0 0 ROBERT DE GUARDE MEMBER 0.76 0.00 X 0 0 0 ROBERT V ROBERTI Secretary 0.76 0.00 X X 0 0 0 KENNETH L GARBARINO MEMBER 0.76 0.00 X 0 0 0 GERALYN DILLUIVO MEMBER 0.76 0.00 X 0 0 0 JOSEPH C TRINKLE Secretary 0.76 0.00 X X 0 0 0 SATYA KONKESA Treasurer 0.76 0.00 X X 0 0 0 JANICE McCARTHY MEMBER 0.76 0.00 X 0 0 0 HELENE WARM MEMBER 0.76 0.00 X 0 0 0 JOHN H SCHLITT Vice President 0.76 0.00 X X 0 0 0 0 false false false PRD MANAGEMENT INC 587 HADDEN AVE COLLINGSWOOD NJ 08108 MANAGEMENT AGENT 0 2690877 2690877 LAUNDRY AND OTHER INCOME 900099 1864 1864 OTHER FEES 900099 3487 3487 RENTAL REVENUE 531110 640430 640430 645781 175601 175601 0 0 0 0 0 0 0 0 3512259 645781 175601 39101 39101 0 0 0 0 0 447612 344661 102951 0 68926 53073 15853 41252 31764 9488 179667 179667 93346 93346 38851 38851 0 0 89211 89211 83645 83645 0 11324 11324 0 0 0 0 0 0 0 0 394568 394568 122273 122273 REAL ESTATE TAXES 341287 341287 BUILDING MAINTENANCE CONTRACTS 251326 251326 UTILITIES 221837 221837 REPAIRS AND MAINTENANCE 207206 207206 91682 83622 8060 2723114 2317884 405230 0 378950 352927 107871 266720 0 12936 165926 0 0 0 0 65040 81176 20029056 15873959 4024410 4155097 8699687 9901510 0 0 0 6461617 7526334 19750511 22449690 155783 151145 54665 54197 210448 205342 X 19540063 22244348 19540063 22244348 19750511 22449690 789145 1915140 X false true X true true true X 2436274 2502460 2552839 2672343 2690877 12854793 0 0 2436274 2502460 2552839 2672343 2690877 12854793 0 12854793 283108 253317 188017 217781 175601 1117824 0 0 13972617 0.92000 0.91770 X 188040 188040 16975570 13338339 3637231 1305667 1087493 218174 822594 728926 93668 737185 719201 17984 4155097 REPLACEMENT RESERVES 7472137 Rounding 1 ROUNDING DIFFERENCE -1 TENANT SECURITY DEPOSITS 54197 7526334 SECURITY DEPOSIT 54197 54197 X 3512259 3512259 3512259 2723114 2723114 2723114 Part X : FIN48 Footnote PART X LINE 2: THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. uNDER THAT GUIDANCE, THE COMPANY MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE COMPANY AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBTI). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE YEARS ENDED DECEMBER 31,2023 AND 2022. THE COMPANY FILES ITS FORM 990 IN THE U.S. FEDERAL JURISDICTION. THE COMPANY IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS BEFORE 2021. false INTERFAITH FOOD PANTRY 2 EXECUTIVE DRIVE MORRIS PLAINS NJ 07950 10500 0 PARSIPPANY EMERGENCY FOOD PAN PARSIPPANY COMMUNITY CENTER PARSIPPANY NJ 07054 10000 0 0 2 Form 990, Part VI, Section A, Line 3 PRD MANAGEMENT INC.IS THE MANAGING AGENT FOR THE PROJECT.THE MANAGING AGENT'S DUTIES INCLUDE: MANAGING THE FACILITY, HIRING AND SUPERVISING EMPLOYEES OF THE BUILDING, COLLECTION OF RENTS, MAINTENANCE OF THE BUILDING AND GROUNDS, PREPARATION OF VOUCHERS FOR GRANT ASSISTANCE PAYMENTS, DISBURSEMENT OF CHECKS, COMPLETING TENANT LEASES AND RENEWALS AND TENANT CERTIFICATIONS AND RECERTIFICATIONS. Form 990, Part VI, Section B, Line 11b A DRAFT OF IRS FORM 990 IS REVIEWED BY THE CONTROLLER AND PRESIDENT OF PRD MANAGEMENT. IT IS THEN REVIEWED BY THE BOARD TREASURER AND THE BOARD'S ATTORNEY. COPIES ARE THEN DISTRIBUTED TO ALL BOARD MEMBERS TO REVIEW AND POSE ANY COMMENTS OR QUESTIONS PRIOR TO FINALIZING THE RETURN. Form 990, Part VI, Section B, Line 12c ON AN ANNUAL BASIS, EACH BOARD MEMBERS MUST COMPLETE A QUESTIONNAIRE AND A CERTIFICATION DOCUMENTING THEIR ACTIVITIES AND CONFIRMING THAT THERE ARE NO CONFLICTS OF INTEREST AND THAT THEY ARE IN COMPLIANCE WITH THE STATED CONFLICT OF INTEREST POLICY. Form 990, Part VI, Section B, Line 15a COMPENSATION IS PAID BASED ON EXPERIENCE AND COMPARABLE SALARIES IN THE INDUSTRY. COMPENSATION OF THE MANAGEMENT COMPANY IS AWARDED BY AN ANNUAL CONTRACT AND APPROVED BY THE BOARD. Form 990, Part VI, Section B, Line 15b COMPENSATION IS PAID BASED ON EXPERIENCE AND COMPARABLE SALARIES IN THE INDUSTRY. Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS MADE AVAILABLE UPON A REQUEST TO THE CORPORATION. THE ORGANIZATION FILES ITS AUDITED FINANCIAL STATEMENTS WITH US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. THE FORM 990 IS FILED WITH THE IRS.