2025-08-27T09:55:23-05:00 2024-12-31 823207560 BURNS DRAEGER & HUMPHRIES LLC 25B HANOVER ROAD SUITE 150 FLORHAM PARK NJ 079321410 990 2024-01-01 237311149 RIESE PROJECTS URBAN RENEWAL CORPORATION RIES 9737780430 211 20TH AVENUE PATERSON NJ 07501 JOSEPH A PUSKAS TREASURER 9737900288 2025-08-04 1 0 NEIL E BURNS CPA P00133451 9733770211 2025-08-04 X 2024 2025-03-06 01:10:19Z REV MARC A MANCINI 32 ST JAMES PLACE TOTOWA NJ 07512 3014166 0 X N/A X 1971 NJ THE PROJECT IS A 201 UNIT APARTMENT PROJECT FOR THE ELDERLY LOCATED IN PATERSON, NJ. THE PROJECT IS OPERATED UNDER SECTION 236 OF THE NATIONAL HOUSING ACT AND REGULATED BY THE NEW JERSEY HOUSING MORTGAGE AND FINANCE AGENCY (NJHMFA) AND THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. 13 13 5 13 0 0 0 0 2728977 2824761 143267 172326 36602 17079 2908846 3014166 0 0 0 0 367564 368511 0 0 0 2069408 2309918 2436972 2678429 471874 335737 11595089 11637798 1217224 924196 10377865 10713602 TO PROVIDE LOW-INCOME SENIOR CITIZENS AND HANDICAPPED HOUSING. THE RIESE PROJECTS INC PROVIDES 201 UNITS, WITH ONE OF THE UNITS OCCUPIED BY THE SUPERINTENDENT. 0 0 2474718 2841840 TO PROVIDE LOW INCOME SENIOR CITIZEN HOUSING. THE PROJECT HAS 201 UNITS. 2474718 0 0 0 0 0 0 0 0 0 1 0 0 0 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 1 0 0 1 10 0 1 5 1 0 0 0 0 0 0 0 0 0 0 X 13 13 0 1 0 0 1 1 1 1 1 0 0 1 1 0 0 0 0 0 1 0 X CORPORATION 9732799262 211 20TH AVENUE PATERSON NJ 07501 X REV MARC A MANCIN PRESIDENT 10.00 X X 0 0 0 MSGR HERBERT K TILLYER DIRECTOR 1.00 X 0 0 0 DEACON JOSEPH A PUSKAS TREASURER 5.00 X X 0 0 0 ANDREW F MCBRIDE III ESQ DIRECTOR 1.00 X 0 0 0 DEACON PETER CISTARO VICE PRESIDENT 1.00 X X 0 0 0 THOMAS BURNS DIRECTOR 1.00 X 0 0 0 DENNIS P BUTLER DIRECTOR 1.00 X 0 0 0 LYNN E GAFFNEY DIRECTOR 1.00 X 0 0 0 PATRICK MURRAY DIRECTOR 1.00 X 0 0 0 SR MAUREEN SHAUGHNESSY SC DIRECTOR 1.00 X 0 0 0 DEACON GREGORY J SZPUNAR SECRETARY 1.00 X X 0 0 0 DEACON MARC MACKIN DIRECTOR 1.00 X 0 0 0 ANTHONY DENOVA DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 RAYMOND P MARZULLI COMPANY INC 264 BELLEVILLE AVENUE BLOOMFIELD NJ 07003 BUILDING MANAGEMENT AND ACCOUNTING SERVI 133266 1 RENT- SENIOR HOUSING P 531110 2824761 2824761 2824761 172326 172326 LAUNDRY INCOME 531110 8161 8161 MISCELLANEOUS INCOME 531110 4723 4723 TENANT CHARGES 531110 4195 4195 17079 3014166 2841840 0 172326 271650 271650 71779 71779 25082 25082 120166 120166 3126 3126 16000 16000 65204 13885 51319 13100 13100 1387552 1387552 29240 29240 459548 459548 185431 185431 BAD DEBT EXPENSE 30551 30551 2678429 2474718 203711 0 3841406 719115 2055976 5382095 16937 41861 104776 103644 10434053 5183881 5376886 5250172 199108 140911 11595089 11637798 134738 108281 50225 53643 957734 689158 74527 73114 1217224 924196 X 10377865 10713602 10377865 10713602 11595089 11637798 335737 0 X 0 1 X 0 1 1 610207 610207 8854299 4376082 4478217 153187 52201 100986 816360 755598 60762 5250172 TENANT SECURITY DEPOSITS 73114 73114 X 3014166 0 3014166 0 3014166 2678429 0 2678429 0 2678429 PART X, LINE 2: ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES THE PROJECT RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE PROJECT HAD NO UNCERTAIN TAX POSITIONS THAT REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE PROJECT IS NO LONGER SUBJECT TO EXAMINATION BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2021. FORM 990, PART VI, SECTION A, LINE 3 THE DAY TO DAY OPERATION OF THE PROJECTS IS CONTRACTED TO THE RAYMOND P.MARZULLI COMPANY,INC., A PROFESSIONAL REAL ESTATE MANAGEMENT COMPANY. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE CORPORATION MAY BE ANY CITIZEN OF THE UNITED STATES OF MAJORITY AGE, INTERESTED IN THE EXTENSION OF THE OBJECTIVES OF THECORPORATION, WHO HAS DULY EXECUTED AND FILED AN APPLICATION FOR MEMBERSHIP WHICH HAS BEEN APPROVED BY MAJORITY VOTE OF THE BOARD OF DIRECTORS, SHALL BE CONSIDERED A VOTING MEMBER OF THE GENERAL MEMBERSHIP OF THE CORPORATION. NO MEMBER SHALL HAVE THE RIGHT TO MORE THAN ONE VOTE ON ANY ISSUED, MOTIONOR RESOLUTION AT ANY GENERAL, ANNUAL OR SPECIAL MEETING. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE BOARD OF DIRECTORS ARE APPOINTED BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B DISTRIBUTIONS FROM THE REPAIRS AND REPLACEMENT RESERVE MUST BE APPROVED BY HUD. FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT AND TREASURER RECEIVE A HARD COPY OF THE FORM 990 FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15B MANAGING FEES PAID TO THE MANAGING AGENT ARE DETERMINED IN ACCORDANCE WITH HUD REGULATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AT THE OFFICES OF THE CORPORATION. THE RIESE CORPORATION 211 20TH AVENUE PATERSON NJ 07501 221823795 PROVIDE SERVICES TO IMPROVE THE QUALITY OF LIFE OF LOW INCOME FAMILIES NJ 501(C)4 N/A 0 THE RIESE ST GERARD HOUSING CORP 505 WEST BROADWAY PATERSON NJ 07522 227311149 LOW INCOME HOUSING NJ 501(C)3 7 N/A 0 RIESE MADISON PARK INC 70 DEY STREET PATERSON NJ 07503 222125691 LOW INCOME HOUSING NJ 501(C)3 7 N/A 0 THE RIESE ST MARY'S COPORATION 200 PENNINGTON AVENUE PASSAIC NJ 07055 222299252 LOW INCOME HOUSING NJ 501(C)3 7 N/A 0 MARTIN DE PORRES VILLAGE INC 1 GREEN STREET PATERSON NJ 07051 222335549 LOW INCOME HOUSING NJ 501(C)3 7 0 RIESE WEST URBAN RENEWAL CORPORATION 195 20TH AVENUE PATERSON NJ 07501 871762348 LOW INCOME HOUSING NJ 501(C)4 N/A 0 RIESE EAST URBAN RENEWAL CORPORATION 225 20TH AVENUE PATERSON NJ 07501 854073771 LOW INCOME HOUSING NJ 501(C)4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0