2024-11-14T06:30:27-06:00 2023-12-31 221478099 COHNREZNICK LLP 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019 990 2023-01-01 208984541 ELM COURT INC ELMC 6099243822 ONE MONUMENT DRIVE PRINCETON NJ 08540 EDWARD TRUSCELLI EXECUTIVE DIRECTOR 6099243822 2024-11-13 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 1884550 0 X WWW.PRINCETONCOMMUNITYHOUSING.ORG X 2007 NJ PROVIDE QUALITY HOMES IN A WELCOMING, DIVERSE COMMUNITY FOR SENIORS AND MOBILITY IMPAIRED ADULTS WHOSE INCOMES ARE LESS THAN 50% OF THE COUNTY MEDIAN. 16 16 0 16 0 0 2000 4500 1810331 1862489 1253 16406 439 1155 1814023 1884550 0 0 0 0 372219 0 0 0 0 1369174 1839496 1741393 1839496 72630 45054 4017922 3935846 7630026 7493080 -3612104 -3557234 X PROVIDE SENIORS AND MOBILITY IMPAIRED ADULTS WITH QUALITY HOMES IN A WELCOMING AND DIVERSE COMMUNITY OFFER SOCIAL AND SUPPORTIVE OPPORTUNITIES AND ENSURE ACCESS TO THE PRINCETON COMMUNITY FOR OUR RESIDENTS, ALL OF WHOM HAVE INCOMES BELOW 50% OF THE COUNTY MEDIAN INCOME. 0 0 1623373 1863644 ELM COURT, INC OWNS 66 ONE-BEDROOM APARTMENTS AND 22 STUDIOS AND OPERATES UNDER THE HUD SECTION 202 PROGRAM WITH A SECTION 8 HOUSING ASSISTANCE PAYMENT CONTRACT. THIS ALLOWS US TO SET RENTS AT NO MORE THAN 30% OF EACH RESIDENT'S ADJUSTED GROSS INCOME. PCH DEVELOPMENT CORP, A 50L(C)3 ENTITY, MANAGES THE BUILDING AND OPERATIONS A LICENSED SOCIAL WORKER IS ON SITE TO ASSIST RESIDENTS WITH REFERRALS TO COMMUNITY RESOURCES AND STATE-SPONSORED PROGRAMS. FREE BUS SERVICE TO PRINCETON'S SHOPPING AREAS, LIBRARY, AND SENIOR RESOURCE CENTER OPERATES SIX DAYS A WEEK, AND WE ALSO PROVIDE WEEKLY SHUTILE SERVICE TO REGIONAL SHOPPING AREAS. WE MAKE HAIR AND PODIATRY CARE AVAILABLE ON A REGULAR SCHEDULE WE STRIVE TO BUILD A STRONG COMMUNITY FOR OUR RESIDENTS, LINKING THEM TO THE SENIORS IN NEIGHBORING ELM COURT II, INC AND EMPOWERING THEM TO LEAD MEANINGFUL LIVES. A RESIDENTS ASSOCIATION MEETS REGULARLY WITH STAFF AND SPONSORS A NEWSLETIER AND REGULAR COMMUNITY GATHERINGS RESIDENTS PARTICIPATE IN ACTIVITIES SUCH AS CHAIR EXERCISE AND ART LESSONS, HEALTH INFORMATION LECTURES, AND TED TALK DISCUSSION GROUPS. COMMUNITY LOUNGES ENABLE CONCERTS AND HOLIDAY CELEBRATIONS THE COMMUNITY GARDEN, CREATED BY VOLUNTEERS AND LOCAL DONORS, HAS BECOME A HIGHLIGHT OF ELM COURT LIFE RESIDENTS GROW FRUITS, VEGETABLES, AND FLOWERS THREE SEASONS OF THE YEAR IN THE MORE THAN 50 PLOTS-SOME DESIGNED WITH RAISED OR WHEELCHAIR ACCESSIBLE BEDS. ELM COURT PARTICIPATES IN THE NJ DEPARTMENT OF HUMAN SERVICES CONGREGATE HOUSING SERVICES PROGRAM. RESIDENTS WITH FINANCIAL AND PERSONAL NEED MAKE CO-PAYMENTS ON A SLIDING SCALE, AND RECEIVE DAILY HOT LUNCHES, LIGHT HOUSEKEEPING AND PERSONAL CARE FROM CERTIFIED HOME HEALTH AIDES. 1623373 1 0 0 0 0 0 0 0 1 0 1 0 0 1 0 1 1 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 4000 500 4500 TENANT ASSISTANCE PAYM 531110 1458865 1458865 RENTAL REVENUE 531110 338293 338293 CONGRAGATE PROGRAM REV 531110 65331 65331 1862489 16406 16406 TENANT CHARGES 531110 1155 1155 1155 1884550 1863644 0 16406 X 97632 97632 549 549 35616 35616 286525 236431 50094 31772 11315 20457 24648 12324 12324 322205 322205 272477 272477 223163 223163 OPERATING & MAINTENANCE 398641 398641 NURSING HOME/ASSISTED L 146268 146268 1839496 1623373 216123 0 144457 115160 12920 12920 38309 51451 55783 48547 7304082 4936640 2551729 2367442 521933 612754 692791 727572 4017922 3935846 202667 217933 9470 11126 28298 27982 7389591 7236039 7630026 7493080 X -3612104 -3557234 -3612104 -3557234 4017922 3935846 45054 9816 0 X 0 1 X 1 1 1 X 4500 4300 1500 2000 4500 16800 1651804 1630532 1754530 1810331 1862489 8709686 1656304 1634832 1756030 1812331 1866989 8726486 0 0 0 8726486 4204 4893 769 1253 26222 37341 4204 4893 769 1253 26222 37341 3296 8643 1613 439 1155 15146 1663804 1648368 1758412 1814023 1894366 8778973 0.99400 0.99600 0.00430 0.00200 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2020 AMOUNT: $ 5,000. 2021 AMOUNT: $ 2. TENANT CHARGES - 2019 AMOUNT: $ 2,453. 2020 AMOUNT: $ 3,135. 2021 AMOUNT: $ 1,225. 2022 AMOUNT: $ 365. 2023 AMOUNT: $ 1,155. LAUNDRY AND VENDING - 2019 AMOUNT: $ 843. 2020 AMOUNT: $ 508. 2021 AMOUNT: $ 386. 2022 AMOUNT: $ 74. 0 1 X 6332878 4503117 1829761 638993 160395 478598 332211 273128 59083 2367442 ESCROW DEPOSITS 79154 OTHER RESERVES 2096 RESERVE FOR REPLACEMENT 596029 RESIDUAL RECEIPTS RESERVE 22311 TENANT DEPOSITS - HELD IN TRUST 27982 727572 X 1894366 9816 9816 1884550 0 1884550 1839496 0 1839496 0 1839496 PART IV, LINE 2B: THE PROJECT HOLDS TENANT SECURITY DEPOSITS IN TRUST, IN THE NAMES OF THE INDIVIDUAL TENANTS. PART X, LINE 2: THE ORGANIZATION 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, 2023. DUE TO ITS TAX-EXEMPT STATUS, THE ORGANIZATION IS NOT SUBJECT TO INCOME TAXES. THE ORGANIZATION 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, 2023, 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 ORGANIZATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INFORMATIONAL RETURNS FILED BY THE ORGANIZATION ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INFORMATIONAL RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2020 REMAIN OPEN. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAINS/LOSSES INCLUDED WITH EXPENSES X 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 CORPORATION 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 EMPLOYEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY ANNUALLY. FORM 990, PART VI, SECTION C, LINE 18 990 IS AVAILABLE UPON REQUEST OF THE ORGANIZATION AND VIA 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 FEE: PROGRAM SERVICE EXPENSES 236,431. MANAGEMENT AND GENERAL EXPENSES 50,094. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 286,525. 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 MONUMNET DRIVE PRINCETON NJ 08540 562477473 VERY LOW INCOME HOUSING NJ 501(C)(3) LINE 10 PRINCETON COMMUNITY HOUSING 0 GRIGGS FARM INC ONE MONUMNET DRIVE PRINCETON NJ 08540 208198080 LOW INCOME HOUSING NJ 501(C)(3) LINE 10 PRINCETON COMMUNITY HOUSING 0 PCH DEVELOPMENT CORPORATION ONE MONUMNET DRIVE PRINCETON NJ 08540 222876697 MANAGEMENT COMPANY FOR LOW AND MODERATE INCOME HOUSING PROJECTS NJ 501(C)(3) LINE 10 PRINCETON COMMUNITY HOUSING 0 PCH HOMES INC ONE MONUMNET DRIVE PRINCETON NJ 08540 274444170 LOW AND MODERATE INCOME HOUSING INCOME HOUSING NJ 501(C)(3) LINE 10 PRINCETON COMMUNITY HOUSING 0 PCH VILLAGE INC ONE MONUMNET DRIVE PRINCETON NJ 08540 222085939 LOW AND MODERATE INCOME HOUSING NJ 501(C)(3) LINE 10 PRINCETON COMMUNITY HOUSING 0 PCV GROUP INC ONE MONUMNET DRIVE PRINCETON NJ 08540 222820022 LOW AND MODERATE INCOME HOUSING INCOME HOUSING NJ 501(C)(3) LINE 10 PRINCETON COMMUNITY HOUSING 0 PRINCETON COMMUNITY HOUSING INC ONE MONUMNET DRIVE PRINCETON NJ 08540 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 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0