2025-10-20T12:31:46-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 293 EISENHOWER PARKWAY 2ND FLOOR LIVINGSTON NJ 07039 990 2024-01-01 311510338 FREEMAN APARTMENTS INC FREE 9735963984 264 BELLEVILLE AVENUE BLOOMFIELD NJ 07003 PHILIP T PASMANIK TREASURER 9735963984 2025-10-20 1 0 TARA DEL GAVIO P02438051 9739949494 2025-10-20 2024 2025-03-06 01:10:19Z PHILIP T PASMANIK 264 BELLEVILLE AVENUE BLOOMFIELD NJ 07003 208973 0 X N/A X 1997 NJ TO PROVIDE LOW INCOME HOUSING FOR THE DISABLED. 8 8 2 0 0 0 0 0 191206 206551 40 10 0 2412 191246 208973 0 0 0 0 13304 15128 0 0 0 254533 271716 267837 286844 -76591 -77871 960191 867630 77549 62859 882642 804771 TO PROVIDE HOUSING FOR LOW INCOME DISABLED INDIVIDUALS. 0 0 206556 206551 THE ORGANIZATION PROVIDES 14 UNITS OF RESIDENTIAL HOUSING FOR LOW INCOME DISABLED INDIVIDUALS. 206556 1 0 0 0 0 0 0 0 1 0 1 0 0 1 0 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 1 0 0 0 1 8 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 NJ X RPMARZULLI CO INC 9737432300 264 BELLEVILLE AVENUE BLOOMFIELD NJ 07003 X SUSAN P HOWLEY PRESIDENT 1.00 X X 0 0 0 ELISA SANANMAN ASST SECRETARY 3.00 X X 0 0 0 JOHN WESTERVELT VICE PRESIDENT 0.50 X X 0 0 0 PHILIP T PASMANIK TREASURER 0.50 X X 0 0 0 BRUCE BERGEN TRUSTEE 0.50 X 0 0 0 ED HEATON TRUSTEE 0.50 X 0 0 0 BROTHER BENEDICT LOBALBO SECRETARY 0.50 X X 0 0 0 THOMAS STRANO TRUSTEE 0.50 X 0 0 0 ELIZABETH MCCLENDON TRUSTEE 0.50 X 0 0 0 0 0 0 0 0 0 0 0 RENT RECEIPTS - HUD 531110 132925 132925 RENT RECEIPTS - TENANT 531110 73487 73487 LAUNDRY REVENUE 812300 139 139 206551 10 10 MISCELLANEOUS REVENUE 900099 2412 2412 2412 208973 206551 0 2422 12183 12183 1898 1898 1047 1047 30252 30252 10824 10824 4401 4401 25640 25640 74107 74107 16700 16700 CONTRACTS 52414 52414 MISCELLANEOUS OPERATING 27632 27632 MISCELLANEOUS ADMINISTR 22628 22628 OPERATING AND MAINTENAN 3235 3235 3883 3883 286844 206556 80288 0 1542 3023 1094 3871 5939 4059 2039743 1244621 869229 795122 82387 61555 960191 867630 64098 48599 8973 8864 4478 5396 77549 62859 X 882642 804771 882642 804771 960191 867630 -77871 0 X X 0 1 X 1 1 1 X 186850 186473 184203 191206 206551 955283 186850 186473 184203 191206 206551 955283 0 0 0 955283 33 48 64 40 10 195 33 48 64 40 10 195 258 16381 2412 19051 187141 186521 200648 191246 208973 974529 0.98030 0.98300 0.00020 0.00020 X 0 1 X 1822430 1080861 741569 217313 163760 53553 795122 TENANT SECURITY DEPOSITS HELD IN TRUST 5396 RESTRICTED DEPOSITS 56159 61555 X 208973 0 208973 0 208973 286844 0 286844 0 286844 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 YEARS 2024 AND 2023. AT DECEMBER 31, 2024 AND 2023, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION CONTRACTS A 3RD PARTY MANAGEMENT COMPANY TO PERFORM MANAGEMENT FUNCTIONS FOR THE HOUSING UNITS. 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 A COPY OF THE FORM 990 WILL BE GIVEN TO ALL TRUSTEES PRIOR TO FILING FOR REVIEW. A VOTE WILL BE TAKEN FOR THE APPROVAL OF THE FORM. FORM 990, PART VI, SECTION B, LINE 15 THE FEES PAID TO THE MANAGEMENT COMPANY ARE DETERMINED AND REGULATED BY HUD. THE ORGANIZATION DOES NOT COMPENSATE OFFICERS AND DOES NOT HAVE KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORMS 1023 AND 990 ARE AVAILABLE UPON REQUEST AND FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG. FORM 990, PART XII, LINE 2C THE OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. NEW JERSEY CONNECT INC PO BOX 2052 WESTFIELD NJ 079012052 CONSULTING FUNCTIONS AND PAYMENTS OF VARIOUS TAXES NJ 501(C)(3) 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 SCHEDULE R PART II NEW JERSEY CONNECT WAS THE DEVELOPER OF FREEMAN APARTMENTS, INC. THE CURRENT CO-SPONSORS ARE DOMUS AND NEW JERSEY CONNECT. FOUR TRUSTEES ARE FROM NEW JERSEY CONNECT AND FOUR ARE FROM DOMUS.