2025-11-17T06:48:37-06:00 2024-12-31 WILKIN & GUTTENPLAN PC 1200 TICES LANE EAST BRUNSWICK NJ 08816 990 2024-01-01 452594112 MAXWELL PLACE WATERFRONT PARK CORPORATION INC c/o FIRST SERVICE RESIDENTIAL % PATRICK KRETZ MAXW 2016568323 1100 MAXWELL LANE HOBOKEN NJ 07030 CATHLEEN WOLF TRUSTEE 2016568323 2025-11-14 true true MOHAMMED SALYANI CPA P01334537 7328463000 2024 2025-03-06 01:10:19Z LEO PELLEGRINI 1100 MAXWELL LANE HOBOKEN NJ 07030 600894 false X N/A X 2011 NJ SEE SCHEDULE O 3 1 0 0 0 0 491494 504074 69439 95870 0 950 560933 600894 0 0 0 0 44083 44286 0 0 0 165857 160376 209940 204662 350993 396232 2271826 2664232 40438 36612 2231388 2627620 X MAXWELL PLACE WATERFRONT PARK CORPORATION, INC. IS A PUBLIC NATURAL PARK LOCATED IN AND OWNED BY THE CITY OF HOBOKEN, NJ THAT CONSISTS OF 3.5 ACRES OF WATERFRONT LAND AND 10 ACRES OF WATER. THE PARK IS OPEN TO THE PUBLIC AND ALLOWS FOR AN URBAN COMMUNITY TO ENJOY THE OUTDOORS. THE PARK HAS MANY RESOURCES THAT INCLUDE A RIVERFRONT WALKWAY, A 500 FOOT FISHING PIER, A BOAT LAUNCH, PLAYING FIELDS, TWO CHILDREN'S PLAYGROUNDS AND A DOG RUN. THE PARK ALSO FEATURES A NATURAL SAND BEACH AND A RE-CREATION OF THE 1865 NEW YORK YACHT CLUB BOATHOUSE, THE FIRST YACHT BOATHOUSE IN THE UNITED STATES. IN ADDITION TO BEING OPEN TO THE PUBLIC, THE PARK ALLOWS FOR PUBLIC ACCESS TO THE HUDSON RIVER. THIS ORGANIZATION'S MISSION IS TO PERFORM ALL SERVICES NECESSARY FOR MAINTENANCE, REPLACEMENT AND IMPROVEMENT OF PARK FACILITIES. false false 170036 504074 PARK OPERATIONS-SEE RESPONSE TO PART III, QUESTION 1, ON SCHEDULE O 170036 false false false false false false false false true 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 false true false false false false false true false false true 0 0 true 0 false false false false false false false false X 3 1 false true false false false true false true false false false true false false false false X PATRICK KRETZ 2016568323 OBSERVER PRTY MGMT 497 OBSERVER HI HOBOKEN NJ 07030 CARL SULLO TRUSTEE 0.0 0.0 X 0 0 0 EMILY JABBOUR TRUSTEE 0.0 0.0 X 0 0 0 CATHLEEN WOLF TRUSTEE 0.0 0.0 X 0 0 0 0 0 0 0 false false false 0 0 OPERATIONS AND MAINTENANCE FUNDING AGREEMENT 531390 504074 504074 504074 95870 95870 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MAINTENANCE REPAIR INCOME 900099 840 840 KEY FOB INCOME 900099 110 110 950 600894 505024 95870 0 0 0 0 0 0 44286 44286 0 0 0 23184 23184 0 9900 9900 0 0 0 0 0 222 222 0 0 0 0 0 0 0 0 0 0 GEESE CONTROL 15859 15859 GENERAL MAINTENANCE 27773 27773 SNOW REMOVAL 37665 37665 PROFESSIONAL FEES 24993 24993 20780 19460 1320 204662 170036 34626 0 2271826 2664232 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2271826 2664232 40438 36612 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 40438 36612 X 2231388 2627620 0 0 2231388 2627620 2271826 2664232 396232 X false true X true false 2285485 301570 88395 13164 2662286 1920726 301571 63188 2285485 1809395 194208 16863 99740 1920726 1610357 194208 7200 2370 1809395 1573944 194208 18768 176563 1610357 1.00000 0.00000 0.00000 false false 600894 600894 600894 204662 204662 204662 SCHEDULE D, PART V, LINE 1 FUNDS SHOWN ON PART V, LINE 1 CONSISTS OF TWO SEPARATE FUNDS, THE O&M RESERVE FUND AND THE REPLACEMENT FUND. THE O&M RESERVE FUND IS USED FOR CAPITAL IMPROVEMENT PROJECTS TO THE PARK FACILITIES. THE REPLACEMENT FUND IS USED FOR MAJOR REPAIRS OR REPLACEMENTS OF COMMON PROPERTY OF THE PARK FACILITIES. MAXWELL PLACE CONDOMINIUM ASSOCIATI SEE SUPPLEMENTAL INFO SEE SUPPLEMENTAL INFO SCHEDULE L, PART IV CATHLEEN WOLF IS A TRUSTEE OF BOTH MAXWELL PLACE CONDOMINIUM ASSOCIATION, INC. AND THE CITY OF HOBOKEN. MAXWELL PLACE WATERFRONT PARK CORPORATION, INC. RECEIVES PROGRAM REVENUE FROM THE CITY OF HOBOKEN. PER AN OPERATIONS AND MAINTENANCE FUNDING AGREEMENT. ACCORDING TO THE AGREEMENT, MEMBERS ARE REQUIRED TO PAY AN ANNUAL FEE TO MAXWELL PLACE WATERFRONT PARK CORPORATION, INC. TO MAINTAIN CERTAIN PUBLIC PARK AREAS AND PIERS ADJACENT TO THE CONDOMINIUM ASSOCIATION. PART VI, SECTION A, QUESTION 7A THE GOVERNING BOARD OF MAXWELL PLACE WATERFRONT PARK CORPORATION, INC. HAS THREE CONSTITUENT GROUPS: (1) THE CITY OF HOBOKEN, NJ; (2) MAXWELL PLACE CONDOMINIUM ASSOCIATION, INC.; AND (3) TOLL BROS., INC. TO THE EXTENT VACANCIES ARISE ON THE BOARD OF TRUSTEES, THE RESPECTIVE CONSTITUENT GROUP HAS THE RIGHT TO APPOINT A SUCCESSOR TRUSTEE. PART VI, SECTION B, QUESTION 11B A DRAFT VERSION OF FORM 990 IS PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO COMPLETION BY THE TAXPAYER'S CPA FIRM. ALL TRUSTEES REVIEW THE RETURN AND DISCUSS AND RESOLVE ANY QUERIES PRIOR TO COMPLETING AND FINALIZING FORM 990. PART VI, SECTION C, QUESTION 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. PART VII, SECTION A, QUESTION 4 MAXWELL PLACE WATERFRONT PARK CORPORATION, INC. DOES NOT HAVE ACCESS TO SALARY INFORMATION OF RELATED ORGANIZATION, TOLL BROS., INC., AND THEREFORE IS UNABLE TO ANSWER THIS QUESTION. PART I, LINE 1 MAXWELL PLACE WATERFRONT PARK IS A PUBLIC NATURAL PARK LOCATED IN AND OWNED BY HOBOKEN, NJ. THE PARK PROVIDES THE URBAN/INDUSTRIALIZED PUBLIC WITH AN OPEN AND GREEN SPACE WITH ACCESS TO THE HUDSON RIVER. PART VI, SECTION A, QUESTION 3 MANAGEMENT DUTIES HAVE BEEN DELEGATED TO OBSERVER PROPERTY MANAGEMENT. PART VI, SECTION A, QUESTION 8B THE COMMITTEE RESPONSIBLE FOR SELECTING THE INDEPENDENT AUDITORS IS MADE UP OF THE ENTIRE BOARD OF TRUSTEES. FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:LANDSCAPING & IMPROVEMENTS TOTAL EXPENSES:9698 PROGRAM SERVICES:9698 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:PLUMBING REPAIRS TOTAL EXPENSES:8622 PROGRAM SERVICES:8622 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:BANK FEES TOTAL EXPENSES:250 MANAGEMENT AND GENERAL:250 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:LICENSES AND FEES TOTAL EXPENSES:1070 MANAGEMENT AND GENERAL:1070 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:TREE MAINTENANCE TOTAL EXPENSES:1140 PROGRAM SERVICES:1140 MAXWELL PLACE CONDOMINIUM ASSOC INC 1125 MAXWELL LANE HOBOKEN NJ 07030 205831493 CONDO ASSOC. NJ NA C CORP false TOLL BROS INC 250 GIBRALTAR ROAD HORSHAM PA 19044 232417123 RES. CONSTRUC PA NA C CORP false false false false false false false false false false false false false false false false false false true MAXWELL PLACE CONDOMINIUM ASSOCIATION INC LINE 301570 FMV PART V, QUESTION 2 AMOUNT REFLECTED ON SCHEDULE R, PART V, QUESTION 2 REPRESENTS AMOUNTS RECEIVED BY MAXWELL PLACE WATERFRONT PARK CORPORATION, INC. FROM MAXWELL PLACE CONDOMINIUM ASSOCIATION, INC. AS SPECIFIED IN AN OPERATIONS AND MAINTENANCE FUNDING AGREEMENT IN ORDER TO MAINTAIN CERTAIN PUBLIC PARK AREAS AND PIERS ADJACENT TO THE CONDOMINIUM ASSOCIATION.