Nonprofit · EIN 20-8984541
ELM COURT INC
Tax-exempt · PRINCETON, NJ 08540
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,913,754 | $1,843,836 | $69,918 | $3,850,293 | $7,328,476 | -$3,478,183 |
| December 31, 2023 | 990 | $1,884,550 | $1,839,496 | $45,054 | $3,935,846 | $7,493,080 | -$3,557,234 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $500
- Program service revenue
- $1,895,375
- Investment income
- $16,414
- Other revenue
- $1,465
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $43,133
- Occupancy
- $624,222
- Depreciation
- $185,548
- Program services (functional)
- $1,608,143
- Management and general (functional)
- $235,693
Balance sheet and other
- Total assets, start of year
- $3,935,846
- Total assets, end of year
- $3,850,293
- Total liabilities, end of year
- $7,328,476
- Net assets, end of year
- -$3,478,183
- Land, buildings and equipment
- $2,224,069
- Publicly traded securities
- $652,825
- Net assets without donor restrictions
- -$3,478,183
- Gross receipts
- $1,913,754
- Employees
- 10
- Volunteers
- 16
- Year formed
- 2007
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| EDWARD TRUSCELLI | EXECUTIVE DIRECTOR Officer | 1 | $0 | $176,328 | $40,905 |
| JANET MCCLAFFERTY | OUTGOING FINANCE DIRECTOR Officer | 1 | $0 | $110,929 | $17,103 |
| ALICIA DEFREITAS | FINANCE DIRECTOR Officer | 1 | $0 | $93,448 | $13,860 |
| ABREAH SANTIAGO | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ALICE K SMALL | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| C VANLEER DAVIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CHAD KLAUS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DANIELA BONAFEDE-CHHABRA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ELIZABETH HOCK | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JAMES DEMETRIADES | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOHN W GILMORE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KATHLEEN K FAREWELL | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARGARET GRIFFIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| NICOLE SHELTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RICHARD GITTLEMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT FERNHOLZ | SECRETARY Trustee or director, Officer | 1 | $0 |
| SONIA CHADHA | BOARD MEMBER Trustee or director | 1 | $0 |
| TONY CAPOZZOLI | TREASURER Trustee or director, Officer | 1 | $0 |
| VALERIE HAYNES | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| EDWARD TRUSCELLI | EXECUTIVE DIRECTOR Officer | 1 | $0 | $169,437 | $37,693 |
| JANET MCCLAFFERTY | FINANCE DIRECTOR Officer | 1 | $0 | $134,458 | $17,414 |
| ABREAH SANTIAGO | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ALICE K SMALL | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| C VANLEER DAVIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CHAD KLAUS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DANIELA BONAFEDE-CHHABRA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ELIZABETH HOCK | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JAMES DEMETRIADES | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOHN W GILMORE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KATHLEEN K FAREWELL | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARGARET GRIFFIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| NICOLE SHELTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RICHARD GITTLEMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT FERNHOLZ | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SONIA CHADHA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TONY CAPOZZOLI | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| VALERIE HAYNES | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 300 ELM ROAD, PRINCETON, NJ 08540-2526
- In care of
- % SANDRA PERSICHETTI
- Principal officer (990 for 2024)
- EDWARD TRUSCELLI, ONE MONUMENT DRIVE, PRINCETON, NJ 08540
- Signed the 990
- EDWARD TRUSCELLI, EXECUTIVE DIRECTOR
- Phone
- (609) 924-3822
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
PROVIDE SENIORS AND MOBILITY IMPAIRED ADULTS WITH QUALITY HOMES IN A WELCOMING AND DIVERSE COMMUNITY OFFER SOCIAL AND SUPPORTIVE OPPORTUNITIES AND ENSURE ACCESS TO THE PRINCETON COMMUNITY FOR OUR RESIDENTS, ALL OF WHOM HAVE INCOMES BELOW 50% OF THE COUNTY MEDIAN INCOME.
Program accomplishments
- ELM COURT, INC OWNS 66 ONE-BEDROOM APARTMENTS AND 22 STUDIOS AND OPERATES UNDER THE HUD SECTION 202 PROGRAM WITH A SECTION 8 HOUSING ASSISTANCE PAYMENT CONTRACT. THIS ALLOWS US TO SET RENTS AT NO MORE THAN 30% OF EACH RESIDENT'S ADJUSTED GROSS INCOME. PCH DEVELOPMENT CORP, A 50L(C)3 ENTITY, MANAGES THE BUILDING AND OPERATIONS A LICENSED SOCIAL WORKER IS ON SITE TO ASSIST RESIDENTS WITH REFERRALS TO COMMUNITY RESOURCES AND STATE-SPONSORED PROGRAMS. FREE BUS SERVICE TO PRINCETON'S SHOPPING AREAS, LIBRARY, AND SENIOR RESOURCE CENTER OPERATES SIX DAYS A WEEK, AND WE ALSO PROVIDE WEEKLY SHUTILE SERVICE TO REGIONAL SHOPPING AREAS. WE MAKE HAIR AND PODIATRY CARE AVAILABLE ON A REGULAR SCHEDULE WE STRIVE TO BUILD A STRONG COMMUNITY FOR OUR RESIDENTS, LINKING THEM TO THE SENIORS IN NEIGHBORING ELM COURT II, INC AND EMPOWERING THEM TO LEAD MEANINGFUL LIVES. A RESIDENTS ASSOCIATION MEETS REGULARLY WITH STAFF AND SPONSORS A NEWSLETIER AND REGULAR COMMUNITY GATHERINGS RESIDENTS PARTICIPATE IN ACTIVITIES SUCH AS CHAIR EXERCISE AND ART LESSONS, HEALTH INFORMATION LECTURES, AND TED TALK DISCUSSION GROUPS. COMMUNITY LOUNGES ENABLE CONCERTS AND HOLIDAY CELEBRATIONS THE COMMUNITY GARDEN, CREATED BY VOLUNTEERS AND LOCAL DONORS, HAS BECOME A HIGHLIGHT OF ELM COURT LIFE RESIDENTS GROW FRUITS, VEGETABLES, AND FLOWERS THREE SEASONS OF THE YEAR IN THE MORE THAN 50 PLOTS-SOME DESIGNED WITH RAISED OR WHEELCHAIR ACCESSIBLE BEDS.Expenses $1,608,143 · revenue $1,821,760
- ELM COURT PARTICIPATES IN THE NJ DEPARTMENT OF HUMAN SERVICES CONGREGATE HOUSING SERVICES PROGRAM. RESIDENTS WITH FINANCIAL AND PERSONAL NEED MAKE CO-PAYMENTS ON A SLIDING SCALE, AND RECEIVE DAILY HOT LUNCHES, LIGHT HOUSEKEEPING AND PERSONAL CARE FROM CERTIFIED HOME HEALTH AIDES.revenue $75,080
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-8984541
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E91)
- Assets (IRS master file)
- $3,850,293
- Income (IRS master file)
- $1,913,754
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,913,754 | $1,843,836 | $3,850,293 | XML |
| 990 | December 2023 | $1,884,550 | $1,839,496 | $3,935,846 | XML |
| 990 | December 2022 | $1,814,023 | $1,741,393 | $4,017,922 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-8984541).
Questions about ELM COURT INC
- What is the EIN of ELM COURT INC?
- The employer identification number (EIN) of ELM COURT INC is 20-8984541.
- Is ELM COURT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to ELM COURT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ELM COURT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ELM COURT INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ELM COURT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ELM COURT INC?
- The 990 for the year ended December 31, 2024 names EDWARD TRUSCELLI.
- Who are the officers and directors of ELM COURT INC?
- The 990 for the year ended December 31, 2024 lists 19 people; 0 received compensation from the organization.
- How much revenue does ELM COURT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,913,754, expenses of $1,843,836 and total assets of $3,850,293 at year end.
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