Nonprofit · EIN 27-2230034
GREAT FALLS HOUSING CORPORATION
Tax-exempt (reinstated) · PATERSON, NJ 07509
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $227,306 | $576,167 | -$348,861 | $7,697,224 | $4,020,787 | $3,676,437 |
| June 30, 2024 | 990 | $571,739 | $621,345 | -$49,606 | $8,072,063 | $4,046,765 | $4,025,298 |
| June 30, 2023 | 990 | $468,644 | $526,039 | -$57,395 | $8,230,538 | $4,091,006 | $4,139,532 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $161,573
- of which government grants
- $161,573
- Program service revenue
- $63,379
- Investment income
- $1,908
- Net rental income
- $446
- Other revenue
- $446
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $17,597
- Travel
- $1,486
- Depreciation
- $205,340
- Program services (functional)
- $576,167
Balance sheet and other
- Total assets, start of year
- $8,072,063
- Total assets, end of year
- $7,697,224
- Total liabilities, end of year
- $4,020,787
- Net assets, end of year
- $3,676,437
- Land, buildings and equipment
- $7,107,457
- Net assets without donor restrictions
- $3,676,437
- Gross unrelated business income
- $446
- Gross receipts
- $242,579
- Employees
- 0
- Volunteers
- 1
- Year formed
- 2009
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ROBERT F GUARASCI | PRESIDENT Trustee or director, Officer | 4 | $0 | $274,440 | $12,681 |
| MICHAEL DEBLASIO | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $148,349 | $361 |
| MARTIN VERGARA | VICE PRESIDENT Trustee or director, Officer | 4 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ROBERT F GUARASCI | CHAIR/PRESIDENT Trustee or director, Officer | 4 | $0 | $257,151 | $12,422 |
| MICHAEL DEBLASIO | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $139,791 | $361 |
| MARTIN VERGARA | VICE PRESIDENT Trustee or director, Officer | 4 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 4 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ROBERT F GUARASCI | CHAIR/PRESIDENT Trustee or director, Officer | 4 | $0 | $207,000 | $11,741 |
| MICHAEL DEBLASIO | SECRETARY/TREASURER Trustee or director, Officer | 4 | $0 | $129,470 | $0 |
| MICHAEL CASSIDY | SECRETARY/TREASURER Trustee or director, Officer | 4 | $0 | $86,463 | $238 |
| MARTIN VERGARA | VICE PRESIDENT Trustee or director, Officer | 4 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 6976, PATERSON, NJ 07509-6976
- In care of
- % ROBERT GUARASCI
- Principal officer (990 for 2024)
- ROBERT GUARASCI, PO BOX 6976, PATERSON, NJ 07509
- Signed the 990
- ROBERT GUARASCI, PRESIDENT
- Phone
- (973) 413-1600
- Return prepared by
- SAX ADVISORS LLC
Mission
GREAT FALLS HOUSING CORPORATION IS A COMMUNITY HOUSING DEVELOPMENT ORGANIZATION WITH THE MISSION OF CREATING AFFORDABLE HOUSING IN THE CITY OF PATERSON.
Program accomplishments
- AFFORDABLE HOUSING FOR CHARITABLE PURPOSES.Expenses $576,167 · revenue $224,952
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 27-2230034
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2013
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21)
- Assets (IRS master file)
- $7,697,224
- Income (IRS master file)
- $242,579
Revocation and reinstatement
- Exemption revoked
- November 15, 2012
- Posted by the IRS
- March 11, 2013
- Reinstated
- Effective April 15, 2013
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $227,306 | $576,167 | $7,697,224 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $571,739 | $621,345 | $8,072,063 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $468,644 | $526,039 | $8,230,538 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $559,720 | $622,578 | $8,324,639 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 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 27-2230034).
Questions about GREAT FALLS HOUSING CORPORATION
- What is the EIN of GREAT FALLS HOUSING CORPORATION?
- The employer identification number (EIN) of GREAT FALLS HOUSING CORPORATION is 27-2230034.
- Is GREAT FALLS HOUSING CORPORATION tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2012 and reinstated it effective April 15, 2013.
- Are donations to GREAT FALLS HOUSING CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GREAT FALLS HOUSING CORPORATION 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 GREAT FALLS HOUSING CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GREAT FALLS HOUSING CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of GREAT FALLS HOUSING CORPORATION?
- The 990 for the year ended June 30, 2025 names ROBERT GUARASCI.
- Who are the officers and directors of GREAT FALLS HOUSING CORPORATION?
- The 990 for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does GREAT FALLS HOUSING CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $227,306, expenses of $576,167 and total assets of $7,697,224 at year end.
Other nonprofits in PATERSON
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- RIESE ST GERARD HOUSING CORP EIN 22-2832510 · last filed 990 for 2025
- HAWTHORNE SUPPORTIVE HOUSING INC EIN 20-1505451 · last filed 990 for 2025
- PATERSON DEVELOPMENT & MANAGEMENT CORPORATION EIN 52-1976782 · last filed 990 for 2026
- HARBORVIEW APARTMENTS INC EIN 22-3797055 · last filed 990-EZ for 2024
- RUBYS VISION INC EIN 82-1921251 · last filed 990-N for 2024
- BRIDGE STREET DEVELOPMENT EIN 22-3752490 · last filed 990-N for 2025
- 4R GENERATIONS INC EIN 27-2835383 · last filed 990-N for 2025
All nonprofits in PATERSON · New Jersey · Housing and shelter