2025-10-20T13:56:31-05:00 2024-12-31 812950760 SAX LLP 389 INTERPACE PARKWAY STE 3 PARSIPPANY NJ 07054 990 2024-01-01 274939264 DEMAREST FARM 2 INC DEMA 2014989140 64 E MIDLAND AVE SUITE 2 PARAMUS NJ 07652 CAROLYN JAIME PRESIDENT AND CEO 2014989140 2025-10-20 1 0 MARQUS WHITE P00053187 9734726250 2025-10-20 2024 2025-03-06 01:10:19Z CAROLYN JAIME 64 E MIDLAND AVE SUITE 2 PARAMUS NJ 07652 124657 0 X WWW.ADVANCEHOUSING.ORG X 2010 NJ THE MISSION OF DEMAREST FARMS 2, INC. IS TO PROVIDE PERSONS WITH PSYCHIATRIC DISABILITIES WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS. 4 3 0 3 0 0 79537 70393 42986 49947 2458 4317 81805 0 206786 124657 0 0 0 0 0 0 0 0 0 197823 155062 197823 155062 8963 -30405 1535295 1525954 140168 161232 1395127 1364722 X THE MISSION OF DEMAREST FARMS 2, INC. IS TO PROVIDE PERSONS WITH PSYCHIATRIC DISABILITIES WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS. THE ORGANIZATION WILL ALSO USE ITS RESOURCES TO PROMOTE HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING. 0 0 127983 49947 HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS OF PERSONS WITH PSYCHIATRIC DISABILITIES. 127983 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 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 1 0 0 0 1 7 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 3 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 X CAROLYN JAIME PRESIDENT AND CEO 2014989140 64 E MIDLAND AVE SUITE 2 PARAMUS NJ 07652 CAROLYN JAIME PRESIDENT & CEO 1.00 39.00 X X 0 178169 25881 CHARLES HIGGINS PRESIDENT 1.00 4.00 X X 0 0 0 SUSAN DEANGELO SECRETARY 1.00 4.00 X X 0 0 0 BRUCE NUSSMAN COUNSEL 1.00 4.00 X 0 0 0 BINA SHAH COO 1.00 39.00 X 0 100243 28337 0 278412 54218 0 0 1 0 0 70393 70393 RENTAL REVENUE 531110 49947 49947 49947 4317 4317 124657 49947 0 4317 6264 6264 17508 17508 3307 3307 17839 17839 65885 65885 9314 9314 CONTRACTS 34855 34855 MISCELLANEOUS TAXES, LI 90 90 155062 127983 27079 0 40751 2089 17354 77465 494 494 1996824 715672 1347036 1281152 129660 164754 1535295 1525954 57835 79357 80000 80000 2333 1875 140168 161232 X 1395127 1364722 1395127 1364722 1535295 1525954 -30405 0 X X 0 1 X 1 1 1 X 81310 72076 71955 79537 70393 375271 81310 72076 71955 79537 70393 375271 375271 513 188 498 2458 4317 7974 8668 81805 90473 473718 213000 0.79220 0.79950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 185000 185000 1811824 715672 1096152 1281152 TENANT SECURITY DEPOSITS HELD IN TRUST 1875 REPLACEMENT RESERVE 53853 MINIMUM CAPITAL INVESTMENT RESERVE 7229 RESIDUAL RECEIPTS RESERVE 101797 164754 TENANT SECURITY DEPOSITS HELD IN TRUST 1875 1875 X 124657 0 124657 0 124657 155062 0 155062 0 155062 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES AS AN ORGANIZATION DESCRIBED UNDER SECTION501 (C)(3) OF THE U.S. INTERNAL REVENUE CODE. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITION AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2021. 0 0 0 0 0 0 0 0 0 CAROLYN JAIME PRESIDENT & CEO 0 178169 0 0 0 0 0 0 0 25881 0 204050 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE A SEPARATE COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S MANAGEMENT AND ITS ACCOUNTANTS PRESENT FORM 990 TO THE FINANCE COMMITTEE AT A REGULAR SCHEDULED MEETING. THE FORM 990 IS THEN PRESENTED TO THE FULL BOARD AND RECOMMENDED FOR APPROVAL BY THE FINANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C UPON ORIENTATION TO THE AGENCY, AND ANNUALLY THEREAFTER, ALL STAFF AND BOARD MEMBERS REVIEW THE CONFLICT OF INTEREST POLICY AND SIGN A FORM INDICATING IT HAS BEEN REVIEWED. THE POLICY INDICATES THAT: 1) ALL POTENTIAL CONFLICTS OF INTEREST WILL NEED TO BE REPORTED, AND 2) THE PROCESS FOR REPORTING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY & FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST KEEPING A HARD COPY IN THE OFFICE. PART XI, LINE 2C DUE TO THE SIZE OF THE ORGANIZATION, DEMAREST FARM 2, INC. DOES NOT HAVE A SEPARATE AUDIT COMMITTEE. THE AUDITED FINANCIAL STATEMENTS ARE RESPONSIBILITY OF THE FULL BOARD OF DIRECTORS. IT IS THEIR JOB TO OVERSEE THE AUDIT, REVIEW THE FINANCIAL STATEMENTS AND SELECT AN INDEPENDENT ACCOUNTANT. ADVANCE HOUSING INC 100 HOLLISTER ROAD TETERBORO NJ 07608 223423159 SUPPORTIVE HOUSING SERVICES NJ 501(C)(3) LINE 7 N/A 0 ADVANCE HOUSING FOUNDATION 100 HOLLISTER ROAD TETERBORO NJ 07608 261940826 FUNDRAISING TO SUPPORT ADVANCE HOUSING, INC NJ 501(C)(3) LINE 12B, II ADVANCE HOUSING INC 0 ADVANCE HOUSING DNM INC 100 HOLLISTER ROAD TETERBORO NJ 07608 202504202 SUPPORTIVE HOUSING SERVICES NJ 501(C)(3) LINE 7 ADVANCE HOUSING INC 0 ADVANCE HOUSING 2000 INC 100 HOLLISTER ROAD TETERBORO NJ 07608 223749626 SUPPORTIVE HOUSING SERVICES NJ 501(C)(3) LINE 7 ADVANCE HOUSING INC 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0