2025-10-29T15:22:35-04:00 2024-12-31 222426149 COWAN GUNTESKI & CO PA 730 HOPE ROAD TINTON FALLS NJ 07724 990 2024-01-01 222168257 SENIOR CITIZENS HOUSING CORPORATION OF THE BOROUGH OF FREEHOLD SENI 7327414880 40 HUDSON STREET FREEHOLD NJ 07726 JAMES NOLAN HIGGINS PRESIDENT 7327314880 2025-10-30 true true CAROL EGAN P00477466 7326764100 2025-10-29 2024 2025-03-06 01:10:19Z JAMES NOLAN HIGGINS C/O SENIOR CITIZENS HOUSING CORP OF THE BOROUGH OF FREEHOLD FREEHOLD NJ 07728 3742843 false X N/A X 1975 NJ TO PROVIDE LOW AND MODERATE INCOME HOUSING , AS WELL AS ASSISTANCE UNDER THE FEDERAL SECTION 8 SUBSIDY PROGRAM. 6 6 0 0 0 2645193 3274436 311655 373210 -6565 24621 2950283 3672267 0 0 483479 479679 0 0 2058594 2031812 2542073 2511491 408210 1160776 13345843 14573804 243018 265013 13102825 14308791 TO PROVIDE LOW AND MODERATE INCOME HOUSING , AS WELL AS ASSISTANCE UNDER THE FEDERAL SECTION 8 SUBSIDY PROGRAM. false false 1991729 3274436 THE ORGANIZATION PROVIDES LOW AND MODERATE INCOME HOUSING IN A 164 UNIT APARTMENT BUILDING. THE BUILDING IS RENT SUBSIDIZED BY HUD THE NEW JERSEY HOUSING AND MORTGAGE FINANCE AGENCY (NJHMFA). 1991729 true false false false false false false false true false true false false true false true true false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false true 11 0 false 0 false false false false false false false false false false false false false false X 6 6 false false false false false false false true true false false true true true true true true true true false X COUGHLIN MANAGEMENT 7327414880 40 HUDSON STREET FREEHOLD NJ 077282247 X JANE KAYE DIRECTOR 1.00 X 0 0 0 SHARON SHUTZER DIRECTOR 1.00 X 0 0 0 EDWARD DALEY TREASURER 1.00 X 0 0 0 KEVIN FREEMAN VICE PRESIDE 1.00 X 0 0 0 JAMES NOLAN HIGGINS PRESIDENT 2.00 X 0 0 0 ROGER KANE SECRETARY 1.00 X 0 0 0 false false false TENANT INCOME 531110 3274436 3274436 3274436 373210 373210 34270 70576 -36306 -36306 PROVISION FOR R&R RESERVE 532000 39443 39443 OTHER INCOME 532000 21484 21484 60927 3672267 3299057 373210 348447 123496 224951 98552 48290 50262 32680 16013 16667 126208 126208 15013 15013 32000 32000 26206 9049 17157 2616 2616 52517 52517 1126477 1126477 473232 473232 150548 150548 PROGRAM SUPPLIES 24879 24879 BAD DEBT EXPENSE 2116 2116 2511491 1991729 519762 0 210975 125724 505656 70942 43692 7355 483 547 177996 158684 16834603 13218139 3388973 3616464 3832507 5357189 5185561 5236899 13345843 14573804 174399 196177 68836 68619 243018 265013 X 7985883 9179728 5116942 5129063 13102825 14308791 13345843 14573804 X 1160776 33069 12121 X false true X true true true X 1797028 1810341 2640790 2708009 3369633 12325801 1797028 1810341 2640790 2708009 3369633 12325801 12325801 147738 95184 166949 311655 373210 1094736 147738 95184 166949 311655 373210 1094736 1944766 1905525 2807739 3019664 3742843 13420537 0.91840 0.92630 0.08000 0.07000 X false true X 16834603 13218139 3616464 3616464 RESERVE FOR REPAIR & REPLACEMENT 5129063 TENANT SECURITY DEPOSITS 68836 ADVANCES 39000 5236899 X 3742843 70576 70576 3672267 3672267 2548998 37507 37507 2511491 2511491 SCHEDULE D, PAGE 2, PART IV, LINE 2B THE ORGANIZATION HOLDS SECURITY DEPOSITS IN ESCROW FOR EACH TENANT. SCHEDULE D, PAGE 3, PART X THE CORPORATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES HAS BEEN RECORDED. THE CORPORATION'S TAX RETURNS ARE GENERALLY SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS FROM THE DATE THEY ARE TO BE FILED. THE CORPORATION FOLLOWS FASB ACCOUNTING STANDARDS CODIFICATION, WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN CORPORATION'S FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A 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, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF DECEMBER 31, 2024 AND 2023, THE CORPORATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE CORPORATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE FINANCIAL STATEMENTS. NO INTEREST AND PENALTIES WERE RECORDED DURING THE YEARS ENDED DECEMBER 31, 2024 AND 2023. SCHEDULE D, PAGE 4, PART XI, LINE 2D STORE EXPENSES NETTED WITH REVENUE 70,576 SCHEDULE D, PAGE 4, PART XII, LINE 2D STORE EXPENSES NETTED WITH REVENUE 70,576 MARKET VALUE ADJUSTMENT -33,069 ROGER KANE-111 SOUTH CONTRACTORS LL BD OF DIRECTOR 51946 FLOOR MAINT SVCS false CMC LIMITED INC MGMT CO 494899 PAYROLL RELATED COST false FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 REVIEWED BY MANAGEMENT COMAPNY PRIOR TO FILING ON BEHALF OF BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 12C BOARD OVERSIGHT AND MONITORING FORM 990, PAGE 6, PART VI, LINE 15A THE ORGANIZATION HIRES A RENTAL MANAGEMENT COMPANY WHICH ACTS AS THE CHIEF EXECUTIVE OFFICER REPORTING DIRECTLY TO THE BOARD OF DIRECTORS. IN THE STATE OF NEW JERSEY, THE COMPENSATION GUIDELINES ARE ESTABLISHED BY NEW JERSEY HOUSING & MORTGAGE FINANCE AGENCY. THE BOARD OF DIRECTORS APPROVE THE COMPENSATION WITHIN THE STATE LIMITS. THE BOARD OF DIRECTORS ALSO REVIEWS AND APPROVES THE SALARIES AND RELATED INCREASES FOR OFFICE PERSONNEL. FORM 990, PAGE 6, PART VI, LINE 15B THE ORGANIZATION HIRES A MANAGEMENT COMPANY WHICH ACTS AS THE CHIEF EXECUTIVE OFFICER REPORTING DIRECTLY TO THE BOARD OF DIRECTORS. THE COMPENSATION GUIDELINES ARE ESTABLISHED BY NEW JERSEY HOUSING & MORTGAGE FINANCE AGENCY. THE BOARD OF DIRECTORS APPROVE THE COMPENSATION WITHIN THE NJHMFA LIMITS. THE BOARD OF DIRECTORS ALSO REVIEWS AND APPROVES THE SALARIES AND RELATED INCREASES FOR OFFICE PERSONNEL. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 INCREASE IN R&R RESERVE 12,121