2025-04-16T16:39:19-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 293 EISENHOWER PARKWAY 2ND FLOOR LIVINGSTON NJ 07039 990 2024-01-01 222220531 SOUTH BRUNSWICK COMMUNITY DEV CORP SOUT 7322977966 3424 ROUTE 27 KENDALL PARK NJ 08824 GARY WESALO TREASURER 7322977966 2025-04-15 1 0 TARA DEL GAVIO P02438051 9739949494 2025-04-15 2024 2025-03-06 01:10:19Z GARY WESALO 3424 ROUTE 27 KENDALL PARK NJ 08824 1322630 0 X SOUTHBRUNSWICKSENIORHOUSING.ORG X 1977 NJ OWNERSHIP & OPERATION OF A LOW-INCOME HOUSING MULTIFAMILY PROJECT 12 12 9 0 0 0 66630 66714 1061821 1157623 69935 93030 316 1376 1198702 1318743 0 0 0 0 409595 480096 0 0 0 697279 685042 1106874 1165138 91828 153605 5848060 6646329 6105551 6664228 -257491 -17899 PROVIDING SAFE, COMFORTABLE HOUSING FOR INCOME ELIGIBLE SENIORS AND DISABLED PERSONS IN A CARING COMMUNITY ENVIRONMENT. 0 0 958469 1157623 THE ORGANIZATION OWNS AND OPERATES A LOW-INCOME MULTI-FAMILY HOUSING PROJECT FOR THE ELDERLY AND DISABLED. THE PROJECT CONSISTS OF 84 UNITS. 958469 1 1 0 0 0 0 0 0 1 0 1 0 0 1 0 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 9 0 1 9 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 1 1 1 0 NJ X SOUTH BRUNSWICK COMMUNITY DEVELOPMENT CORPORATION 7322977966 3424 ROUTE 27 MONMOUTH JUNCTION NJ 08824 ALAN KANE VICE PRESIDENT 2.00 2.00 X X 0 0 0 ANNE LUCK PRESIDENT 2.00 2.00 X X 0 0 0 BARBARA CHRISTIANO TRUSTEE 1.00 1.00 X 0 0 0 EILEEN JANSSON TRUSTEE 1.00 1.00 X 0 0 0 PAUL DWYER TRUSTEE 1.00 1.00 X 0 0 0 KAMAL NAJJAR TRUSTEE 1.00 1.00 X 0 0 0 MARTHA ASINOBI SECRETARY 1.00 1.00 X X 0 0 0 JESSIE PARKER TRUSTEE 1.00 1.00 X 0 0 0 GARY WESALO TREASURER 2.00 2.00 X X 0 0 0 WILLIAM BUZBY JR TRUSTEE 1.00 1.00 X 0 0 0 BOB HOLT TRUSTEE 1.00 1.00 X 0 0 0 NOOR JAFAR TRUSTEE 1.00 1.00 X 0 0 0 KAREN SCALERA EXECUTIVE DIRECTOR 20.00 20.00 X 153779 0 8015 153779 0 8015 1 0 1 0 0 66714 66714 SUBSIDY REVENUE 531110 654031 654031 TENANT REVENUE 531110 313874 313874 CONGREGATE SERVICES 531110 183031 183031 LAUNDRY REVENUE 812300 6687 6687 1157623 96917 96917 3887 -3887 -3887 -3887 OTHER INCOME 900099 1376 1376 1376 1318743 1157623 0 94406 80898 4008 76890 284903 225378 59525 7228 7228 79344 79344 27723 27723 407 407 47022 3045 43977 1223 1223 23866 2108 21758 114042 114042 101773 101773 189565 189565 34336 34336 FOOD 45035 45035 CONTRACTS 34476 34476 PERSONAL CARE 34189 34189 MISCELLANEOUS OPERATING 29268 28431 837 29840 27788 2052 1165138 958469 206669 0 6661 34365 201519 119274 19111 67066 13249 14049 10778640 7744836 2198779 3033804 3408741 3377771 5848060 6646329 282788 904699 45447 39213 5777316 5720316 6105551 6664228 X -257491 -17899 -257491 -17899 5848060 6646329 153605 85987 0 X X 0 1 X 1 1 1 X 69029 74342 68464 66630 66714 345179 999585 1029282 1016604 1061821 1157623 5264915 1068614 1103624 1085068 1128451 1224337 5610094 0 0 0 5610094 66692 59367 59809 69935 96917 352720 66692 59367 59809 69935 96917 352720 118 316 1376 1810 1135306 1162991 1144995 1198702 1322630 5964624 0.94060 0.91530 0.05910 0.08370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 290600 290600 9808169 7512641 2295528 250352 182016 68336 429519 50179 379340 3033804 TENANT DEPOSITS HELD IN TRUST 39213 REPLACEMENT RESERVE 3338558 3377771 X 1404730 85987 85987 1318743 0 1318743 1165138 0 1165138 0 1165138 PART IV, LINE 2B: THE PROJECT HOLDS TENANT SECURITY DEPOSITS IN TRUST IN THE NAMES OF THE INDIVIDUAL TENANTS. PART X, LINE 2: THE CORPORATION IS A NONPROFIT ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CORPORATION FOLLOWS STANDARDS THAT PROVIDE CLARIFICATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE CORPORATION'S FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN, OR EXPECTED TO BE TAKEN, IN A TAX RETURN, AND ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE CORPORATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. NO INTEREST AND PENALTIES WERE RECORDED DURING 2024 AND 2023. AT DECEMBER 31, 2024 AND 2023, THERE WERE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. X 0 0 0 0 0 0 0 0 0 KAREN SCALERA EXECUTIVE DIRECTOR 153779 0 0 0 0 0 4473 0 3542 0 161794 0 0 0 PART I, LINE 3 BOARD MEMBERS APPROVE SALARIES. FORM 990, PART VI, SECTION A, LINE 8B ALL COMMITTEE DECISIONS ARE BROUGHT TO AND APPROVED BY THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE PROJECT DISTRIBUTES A DRAFT COPY OF THE IRS FORM 990 TO ITS BOARD MEMBERS TO REVIEW AND COMMENT. APPROPRIATE RESPONSES ARE GIVEN TO THEIR SATISFACTION AND THEN THE BOARD APPROVES THE FILING OF THE FORM PRIOR TO ITS DUE DATE. FORM 990, PART VI, SECTION B, LINE 15 BOARD MEMBERS APPROVE SALARIES. FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY, GOVERNING DOCUMENTS, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. PART XII LINE 2C: THE TREASURER AND THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANTS. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. OAK WOODS INC 700 WOODS LANE MONMOUTH JUNCTION NJ 08852 223496040 SEE SCHEDULE R, PART VII NJ 501 (C)(3) 509(A)(2) 0 CIL WOODS INC 100 WOODS LANE MONMOUTH JUNCTION NJ 08852 223335800 OPERATION OF RENTAL HOUSING FOR LOW-INCOME, DEVELOPMENTALLY DISABLED ADULTS NJ 501 (C)(3) 509(A)(2) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0