2024-11-04T14:45:43-06:00 2023-03-31 221478099 COHNREZNICK LLP 14 SYLVAN WAY PARSIPPANY NJ 070543801 990 2022-04-01 562465837 STONEGATE AT ST STEPHEN INC STON 8563424101 1845 HADDON AVENUE CAMDEN NJ 08103 ROBERT WAITE TREASURER 8563424101 2024-11-03 1 1 ZACHARY SEGAL P01511850 9732283500 2024-11-01 2022 2024-10-15 13:58:12Z ROBERT WAITE 878187 0 X N/A X 2004 NJ PROMOTING THE WELFARE OF AND PROVIDING HOUSING FOR ELDERLY INDIVIDUALS. 6 3 0 3 0 0 524676 592494 265184 276457 42 3900 5179 5336 795081 878187 0 0 0 0 238637 200831 0 0 0 783414 937143 1022051 1137974 -226970 -259787 6225166 5993336 9175071 9348549 -2949905 -3355213 STONEGATE AT ST. STEPHEN WAS ORGANIZED TO ACQUIRE REAL PROPERTY LOCATED IN PENNSAUKEN, NEW JERSEY AND TO CONSTRUCT, DEVELOP AND OPERATE A 76UNIT HOUSING PROJECT FOR THE ELDERLY UNDER SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT. 0 0 1083672 281793 PROMOTING THE WELFARE OF AND PROVIDING HOUSING FOR ELDERLY AND HANDICAPPED INDIVIDUALS. 1083672 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 20 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 3 0 1 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 X GEORGE TUTWILER 8563424101 1845 HADDON AVENUE CAMDEN NJ 08103 GEORGE TUTWILER PRESIDENT 1.00 X X 0 0 0 DEACON THOMAS JENNINGS VICE-PRESIDENT 1.00 X X 0 0 0 JANICE MELFI TRUSTEE 1.00 X 0 0 0 DEACON ANTHONY CIOE TRUSTEE 1.00 X 0 0 0 REV DANIEL M ROCCO TRUSTEE 1.00 X 0 0 0 ROBERT WAITE TREASURER 1.00 39.00 X X 3925 36579 9367 MARK LONETTO TRUSTEE 1.00 X 0 0 0 JAMES REYNOLDS SECRETARY 1.00 39.00 X X 15247 142099 4839 19172 178678 14206 0 0 1 0 0 592494 592494 APARTMENT RENTALS 532000 276457 276457 276457 3900 3900 LAUNDRY AND VENDING 812300 4985 4985 351 351 5336 878187 281793 0 3900 20547 20547 113538 113538 10685 10685 34315 34315 21746 21746 69535 69535 94 94 53925 53925 31868 31868 213444 213444 9922 9922 241036 241036 OPERATING AND MAINTENAN 229627 229627 CORPORATE OR MORTGAGOR 377 377 87315 87315 1137974 1083672 54302 0 55570 71873 11401 6924 20707 18734 9605054 4073498 5734182 5531556 403306 364249 6225166 5993336 76080 85425 8954550 9109993 144441 153131 9175071 9348549 X -3549905 -3955213 600000 600000 -2949905 -3355213 6225166 5993336 -259787 -145521 0 X 0 1 X 1 1 1 X 433620 484975 539703 524676 592494 2575468 246057 264141 264729 265184 276457 1316568 118703 8493 10303 5179 4985 147663 798380 757609 814735 795039 873936 4039699 0 0 0 4039699 4479 3789 179 42 3900 12389 4479 3789 179 42 3900 12389 351 351 802859 761398 814914 795081 878187 4052439 0.99690 0.99710 0.00310 0.00290 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: ALL OTHER REVENUE - 2022 AMOUNT: $ 351. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 236287 7753 54431 189609 232500 3787 236287 244769 -12269 232500 204765 40004 244769 208540 -3775 204765 0.66000 0.34000 0 1 1 601607 601607 8530204 3466998 5063206 14215 14215 0 459028 592285 -133257 5531556 TENANT DEPOSITS 26299 RESERVE FOR REPLACEMENTS 308466 RESIDUAL RECEIPTS RESERVE 18956 OTHER RESERVES 10528 364249 TENANT DEPOSITS HELD IN TRUST 26299 DUE TO HSC 126832 153131 X 878187 0 878187 0 878187 1137974 0 1137974 0 1137974 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 CORPORATION 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 CORPORATION IS NOT SUBJECT TO INCOME TAXES. THE CORPORATION 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 CORPORATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2022, 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 CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INFORMATIONAL RETURNS FILED BY THE CORPORATION 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 SECRETARY 15247 142099 0 0 0 0 469 4370 0 0 15716 146469 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 CORPORATION OF THE DIOCESE OF CAMDEN. 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) N/A 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.