2025-06-25T09:42:21-05:00 2024-09-30 223480145 HOLMAN FRENIA ALLISON PC 1985 CEDAR BRIDGE AVENUE SUITE 3 LAKEWOOD NJ 08701 990 2023-10-01 237242529 OYSTER BAY URBAN RENEWAL INC OYST 7322642711 50 BEERS STREET KEYPORT NJ 07735 JOSEPH CAREY PRESIDENT 7322642711 2025-06-25 1 1 P00836358 7327971333 2025-06-25 2023 2025-03-06 01:10:19Z JOSEPH CAREY 50 BEERS STREET KEYPORT NJ 07735 4249761 0 X COUGHLINMGT.COM/OYSTER-BAY X 1972 NJ THE PURPOSE OF THE CORPORATION IS TO BUILD AND OPERATE LOW AND MODERATE INCOME HOUSING UNDER A SECTION 236 INTEREST REDUCTION PROGRAM FOR 208 UNITS. 5 5 9 0 23940 22940 2501409 2623792 1371227 1472259 21500 124018 27280 29692 3921416 4249761 0 0 0 0 27405 0 0 0 0 3405717 3551107 3433122 3551107 488294 698654 23629118 24121062 15574953 15316325 8054165 8804737 THE PURPOSE OF THE CORPORATION IS TO BUILD AND OPERATE LOW AND MODERATE INCOME HOUSING UNDER A SECTION 236 INTEREST REDUCTION PROGRAM FOR 208 UNITS. 0 0 3073556 1478011 TO HELP PROVIDE AFFORDABLE RESIDENT SENIOR HOUSING. 3073556 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 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 0 0 1 8 0 1 9 1 1 1 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ X THE ORGANIZATION 7322642711 50 BEERS STREET KEYPORT NJ 07735 X JOSEPH CAREY PRESIDENT 1.00 X X 0 0 0 CHRIS BURNS VICE PRESIDENT 1.00 X X 0 0 0 MICHAEL WALLING SECRETARY/TREASURER 1.00 X X 0 0 0 CYNTHIA WEBER DIRECTOR 1.00 X X 0 0 0 NICHOLAS VECCHIO DIRECTOR 1.00 X X 0 0 0 0 0 0 0 0 0 0 CMC LIMITED INC PO BOX 266 ADELPHIA NJ 07710 EMPLOYEE LEASING 474578 WORLD INSURANCE ASSOCIATES LLC 650 CLARK AVE B KING OF PRUSSIA PA 19406 INSURANCE 366349 COUGHLIN MANAGEMENT COMPANY PO BOX 266 ADELPHIA NJ 07710 PROPERTY MANAGEMENT 175868 3 2623792 2623792 TENANT RENTS 900099 1520168 1520168 ANTENNA RENTAL 900099 23940 23940 EXCESS RENTS 900099 1920 1920 LESS: RENTAL CONCESSIO 900099 -19052 -19052 LESS: VACANCY LOSSES 900099 -54717 -54717 1472259 124018 124018 LAUNDRY 812300 25023 25023 OTHER INCOME 900099 4669 4669 29692 4249761 1478011 23940 124018 175868 175868 3764 3764 32185 19225 12960 45023 45023 139 139 28094 3799 24295 775015 767265 7750 526034 520774 5260 391482 387567 3915 TAX PAYMENTS 4848 4848 LEASED EMPLOYEES 474579 276911 197668 UTILITES 425433 421179 4254 MAINTENANCE CONTRACTS 326322 326322 342321 305352 36969 3551107 3073556 477551 0 144819 372697 10757 5594 99669 126804 23799933 7757359 15653659 16042574 1421156 3743908 6299058 3829485 23629118 24121062 159462 78008 15270362 15099468 145129 138849 15574953 15316325 X 5517506 6051613 2536659 2753124 8054165 8804737 23629118 24121062 698654 51918 0 X 0 1 X 1 1 1 X 913463 913463 2501409 2623792 6952127 2680107 3282654 3861709 1375082 1478011 12677563 3593570 4196117 3861709 3876491 4101803 19629690 0 0 0 19629690 13642 2203 21500 124018 161363 13642 2203 21500 124018 161363 24700 22800 22800 23425 23940 117665 3631912 4221120 3884509 3921416 4249761 19908718 0.98600 0.99090 0.00810 0.00290 X 171185 171185 22354754 7331330 15023424 712914 180176 532738 561080 245853 315227 16042574 INSURANCE ESCROW 351776 REAL ESTATE TAX ESCROW 42728 RESERVE FOR REPAIRS AND REPLACEMENTS 2753124 PRIORITY RESERVE 51184 RESTABILIZATION RESERVE 487319 TENANT SECURITY DEPOSIT FUND 136854 ATTORNEY ESCROW 6500 3829485 TENANT SECURITY DEPOSITS 136854 UNEARNED REVENUE 1995 138849 X 4301679 51918 51918 4249761 0 4249761 3551107 0 3551107 0 3551107 PART X, LINE 2: THE ORGANIZATION IS A NON-PROFIT ENTITY AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ACCORDINGLY, THERE IS NO PROVISION FOR INCOME TAXES. THE ORGANIZATION HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). THE ORGANIZATION IS REQUIRED TO FILE FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, WITH THE INTERNAL REVENUE SERVICE. THE ORGANIZATION FOLLOWS THE INCOME TAX STANDARDS FOR UNCERTAIN TAX POSITIONS. THIS STANDARD HAD NO IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS OR ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME TAXES. FORM 990, PART VI, SECTION A, LINE 3 THE CORPORATION DOES DELEGATE CONTROL TO COUGHLIN MANAGEMENT COMPANY IN REGARDS TO PROPERTY MANAGEMENT AND FOR EMPLOYEES THEY DELEGATE THIS TO CMC LIMITED, INC. FORM 990, PART VI, SECTION B, LINE 11B BOARD MEMBERS MEET TO REVIEW AND APPROVE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C PER THE CONFLICT-OF- INTEREST POLICY, THE VENDOR LISTS ARE REVIEWED PERIODICALLY WITH THE BOARD OF DIRECTORS TO ENSURE THERE ARE NO CONFLICTS OF INTEREST. IF THERE ARE ANY CONFLICTS OF INTEREST WITH A SPECIFIC BOARD MEMBER, THE BOARD MEMBER WILL ABSTAIN FROM VOTING ON ANY APPROVALS FOR SUCH CONTRACTOR OR PAYMENT SUBMISSION. ANY POTENTIAL CONFLICTS OF INTEREST ARE DISCUSSED OPENLY AT BOARD MEETINGS. AN ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM IS ALSO FILED BY EACH BOARD MEMBER ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 A COPY OF THE IRS FORM 1023, ANNUAL FINANCIAL STATEMENT, IRS FORM 990 AND THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE ORGANIZATION. IN ADDITION, THE ANNUAL FINANCIAL STATEMENT AND FORM 990 ARE AVAILABLE TO THE GENERAL PUBLIC ON THE INTERNET AT WWW.GUIDESTAR.ORG.