2025-04-24T13:16:29-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 293 EISENHOWER PARKWAY 2ND FLOOR LIVINGSTON NJ 07039 990 2024-01-01 222276148 SPOTSWOOD REFORMED CHURCH SENIOR CITIZENS HOUSING CORP SPOT 7322513242 250 CRESCENT AVE SPOTSWOOD NJ 08884 KEN VAN WAGENINGE PRESIDENT 7322513242 2025-04-24 1 0 TARA DEL GAVIO P02438051 9739949494 2025-04-24 2024 2025-03-06 01:10:19Z KEN VAN WAGENINGE 250 CRESCENT AVE SPOTSWOOD NJ 08884 2817789 0 X N/A X 1976 NJ PROVIDE LOW RENTAL HOUSING FOR LOW INCOME OR HANDICAPPED CITIZENS IN COMPLIANCE WITH HUD CONTRACT 031-11066. 9 9 10 0 0 0 99042 102211 2454753 2554299 12161 16236 106563 145043 2672519 2817789 0 0 0 0 1126348 1185287 0 0 0 1188417 1260706 2314765 2445993 357754 371796 2611955 2781249 3481442 3278940 -869487 -497691 PROVIDE LOW RENTAL HOUSING FOR LOW INCOME OR HANDICAPPED CITIZENS IN COMPLIANCE WITH HUD CONTRACT 031-11066. 0 0 1845853 2554299 PROVIDE LOW RENTAL HOUSING FOR LOW INCOME OR HANDICAPPED CITIZENS IN COMPLIANCE WITH HUD CONTRACT 031-11066. 1845853 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 0 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 0 0 0 0 1 13 0 1 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X LINDA SOLEY 7322513242 250 CRESCENT AVENUE SPOTSWOOD NJ 08884 NANCY CANO TRUSTEE 5.00 X 0 0 0 MARCIA HALBERT TRUSTEE 5.00 X 0 0 0 LUKE KNOX TRUSTEE 5.00 X 0 0 0 SHARON MILLER TRUSTEE 5.00 X 0 0 0 DAVID SLIKER TRUSTEE 5.00 X 0 0 0 CHARLES UHL TRUSTEE 5.00 X 0 0 0 KATHY ROMERO VICE PRESIDENT 10.00 X X 0 0 0 PETER SIANO SECRETARY 5.00 X X 0 0 0 KEN VAN WAGENINGE PRESIDENT 10.00 X X 0 0 0 LINDA SOLEY MANAGER 40.00 X 177274 0 36636 ED EMMONS BUILDING SUPERINTENDENT 35.00 X 132934 0 48504 310208 0 85140 2 0 1 0 0 102211 102211 HUD - RENTAL ASSISTANC 533110 1944704 1944704 TENANT RENTS 533110 606595 606595 LAUNDRY REVENUE 812300 3000 3000 2554299 16236 16236 ENTITY REVENUE 900099 139643 139643 STORES AND COMMERCIAL 900099 5400 5400 145043 2817789 2554299 0 161279 213910 36636 177274 609610 428231 181379 296729 296729 65038 65038 108864 108864 280 280 18675 18675 29753 29753 316339 316339 120192 120192 32776 32776 128631 128631 MISCELLANEOUS OPERATING 249558 249558 CONTRACTS 103671 103671 ENTITY EXPENSES 50295 50295 SUPPLIES 43084 43084 58588 24968 33620 2445993 1845853 600140 0 120 110 544945 585698 3663 53998 48389 54332 6067879 5774033 326622 293846 1688216 1793265 2611955 2781249 131441 125685 43153 47347 3276599 3082236 30249 23672 3481442 3278940 X -869487 -497691 -869487 -497691 2611955 2781249 371796 0 X X 0 1 X 1 1 1 X 1632645 1934120 91115 99042 102211 3859133 482746 474875 2353625 2454753 2554299 8320298 2115391 2408995 2444740 2553795 2656510 12179431 0 0 0 12179431 2501 1455 1861 12161 16236 34214 2501 1455 1861 12161 16236 34214 96131 106563 202694 145043 145043 2117892 2410450 2542732 2672519 2817789 12561382 0.96960 0.98120 0.00270 0.00180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 137500 137500 5707968 5594787 113181 222411 179246 43165 293846 TENANT DEPOSITS HELD IN TRUST 47347 RESERVE FOR REPLACEMENTS 1563255 RESIDUAL RECEIPTS 65216 DEBT SERVICE SAVINGS 93775 RIGHT-OF-USE (ROU) ASSET, NET OF ACCUMULATED AMORTIZATION 23672 1793265 LEASE LIABILITY - OPERATING 6813 LONG TERM LEASE LIABILITY - OPERATING 16859 23672 X 2817789 0 2817789 0 2817789 2445993 0 2445993 0 2445993 PART IV, LINE 2B: THE ORGANIZATION MAINTAINS SECURITY DEPOSITS IN TRUST IN THE NAME OF EACH TENANT. PART X, LINE 2: THE PROJECT IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES, UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE PROJECT FOLLOWS STANDARDS THAT PROVIDE CLARIFICATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE PROJECT'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 PROJECT'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 LINDA SOLEY MANAGER 177274 0 0 0 0 0 17451 0 19185 0 213910 0 0 0 ED EMMONS BUILDING SUPERINTENDENT 132934 0 0 0 0 0 12032 0 36472 0 181438 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO SUCH COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 - REVIEWED BY LINDA SOLEY, PRESENTED TO THE BOARD FOR APPROVAL FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICTS POLICY - THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY WHICH IS REGULARLY MONITORED AND ENFORCED. ALL BOARD MEMBERS ARE REQUIRED TO ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIALS/OFFICERS COMPENSATION IS APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION - AVAILABLE UPON REQUEST PART XII LINE 2C: 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.