2026-08-26T15:12:27-05:00 2025-12-31 410746749 CLIFTONLARSONALLEN LLP 293 EISENHOWER PARKWAY 2ND FLOOR LIVINGSTON NJ 07039 990 2025-01-01 311510338 FREEMAN APARTMENTS INC FREE 9735963984 264 BELLEVILLE AVENUE BLOOMFIELD NJ 07003 JOHN WESTERVELT VICE PRESIDENT 9735963984 2026-08-26 1 TARA DEL GAVIO P02438051 9739949494 2026-08-26 2025 2025-03-06 01:10:19Z JOHN WESTERVELT 264 BELLEVILLE AVENUE BLOOMFIELD NJ 07003 199015 0 X N/A X 1997 NJ TO PROVIDE LOW INCOME HOUSING FOR THE DISABLED. 6 6 1 0 0 0 0 0 206551 199009 10 6 2412 0 208973 199015 0 0 0 0 15128 14429 0 0 0 271716 265396 286844 279825 -77871 -80810 867630 813444 62859 89476 804771 723968 TO PROVIDE HOUSING FOR LOW INCOME DISABLED INDIVIDUALS. 0 0 198355 199009 THE ORGANIZATION PROVIDES 14 UNITS OF RESIDENTIAL HOUSING FOR LOW INCOME DISABLED INDIVIDUALS. 198355 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 7 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 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 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 PHIL PASMANIK TREASURER 0.50 X X 0 0 0 BRUCE BERGEN UNTIL 921 TRUSTEE 0.50 X 0 0 0 EDWARD HEATON UNTIL 921 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 131443 131443 RENT RECEIPTS - TENANT 531110 67553 67553 LAUNDRY REVENUE 812300 13 13 199009 6 6 199015 199009 0 6 12174 12174 1245 1245 1010 1010 14952 14952 2964 2964 11030 11030 4389 4389 35664 35664 69845 69845 15348 15348 CONTRACTS 36766 36766 MISCELLANEOUS ADMINISTR 35961 35961 MISCELLANEOUS OPERATING 26651 26651 OPERATING AND MAINTENAN 5755 5755 6071 6071 279825 198355 81470 0 3023 1468 3871 25811 4059 4059 2039743 1314466 795122 725277 61555 56829 867630 813444 48599 79314 8864 5662 5396 4500 62859 89476 X 804771 723968 804771 723968 867630 813444 X -80810 7 X X 0 1 X 1 1 1 X 186473 184203 191206 206551 199009 967442 186473 184203 191206 206551 199009 967442 0 0 0 967442 48 64 40 10 6 168 48 64 40 10 6 168 16381 2412 18793 186521 200648 191246 208973 199015 986403 0.98080 0.98030 0.00020 0.00020 X 0 1 X 1822430 1128989 693441 217313 185477 31836 725277 TENANT SECURITY DEPOSITS HELD IN TRUST 4500 RESTRICTED DEPOSITS 52329 56829 X 199015 0 199015 0 199015 279818 -7 -7 279825 0 279825 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 2025 AND 2024. AT DECEMBER 31, 2025 AND 2024, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT RECOVERY -7. 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 XI, LINE 9: BAD DEBT RECOVERY 7. 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