Nonprofit · EIN 27-4939264
DEMAREST FARMS 2 INC
Tax-exempt · PARAMUS, NJ 07652
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $124,657 | $155,062 | -$30,405 | $1,525,954 | $161,232 | $1,364,722 |
| December 31, 2023 | 990 | $206,786 | $197,823 | $8,963 | $1,535,295 | $140,168 | $1,395,127 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $70,393
- of which government grants
- $70,393
- Program service revenue
- $49,947
- Investment income
- $4,317
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $17,508
- Occupancy
- $17,839
- Depreciation
- $65,885
- Program services (functional)
- $127,983
- Management and general (functional)
- $27,079
Balance sheet and other
- Total assets, start of year
- $1,535,295
- Total assets, end of year
- $1,525,954
- Total liabilities, end of year
- $161,232
- Net assets, end of year
- $1,364,722
- Land, buildings and equipment
- $1,281,152
- Net assets without donor restrictions
- $1,364,722
- Gross receipts
- $124,657
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2010
- 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 |
|---|---|---|---|---|---|
| CAROLYN JAIME | PRESIDENT & CEO Trustee or director, Officer | 1 | $0 | $178,169 | $25,881 |
| BINA SHAH | COO Officer | 1 | $0 | $100,243 | $28,337 |
| CHARLES HIGGINS | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SUSAN DEANGELO | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BRUCE NUSSMAN | COUNSEL Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CAROLYN JAIME | MEMBER/ CEO Trustee or director, Officer | 1 | $0 | $174,000 | $5,926 |
| EVERARD BASCOE | CFO Officer | 1 | $0 | $85,000 | $9,324 |
| CHARLES HIGGINS | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SUSAN DEANGELO | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BRUCE NUSSMAN | COUNSEL Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 64 E MIDLAND AVE STE 2, PARAMUS, NJ 07652-2934
- In care of
- % CLARITA GARCIA
- Mailing address (990-N for 2011)
- 100 Hollister Road, Teterboro NJ 07608
- Principal officer (990 for 2024)
- CAROLYN JAIME, 64 E MIDLAND AVE SUITE 2, PARAMUS, NJ 07652
- Principal officer (990-N for 2011)
- Mary Rossettini, 100 Hollister Road, Teterboro NJ 07608
- Signed the 990
- CAROLYN JAIME, PRESIDENT AND CEO
- Phone
- (201) 498-9140
- Website
- WWW.ADVANCEHOUSING.ORG
- Return prepared by
- SAX LLP
Mission
THE MISSION OF DEMAREST FARMS 2, INC. IS TO PROVIDE PERSONS WITH PSYCHIATRIC DISABILITIES WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS. THE ORGANIZATION WILL ALSO USE ITS RESOURCES TO PROMOTE HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING.
Program accomplishments
- HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS OF PERSONS WITH PSYCHIATRIC DISABILITIES.Expenses $127,983 · revenue $49,947
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
- 27-4939264
- 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
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $1,525,954
- Income (IRS master file)
- $124,657
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $124,657 | $155,062 | $1,525,954 | XML |
| 990 | December 2023 | $206,786 | $197,823 | $1,535,295 | XML |
| 990 | December 2022 | $121,517 | $201,627 | $1,606,669 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2011 Officer: Mary Rossettini | December 31, 2011 | ≤ $50,000 receipts | – | – | e-Postcard |
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 27-4939264).
Questions about DEMAREST FARMS 2 INC
- What is the EIN of DEMAREST FARMS 2 INC?
- The employer identification number (EIN) of DEMAREST FARMS 2 INC is 27-4939264.
- Is DEMAREST FARMS 2 INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to DEMAREST FARMS 2 INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DEMAREST FARMS 2 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 DEMAREST FARMS 2 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 DEMAREST FARMS 2 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 DEMAREST FARMS 2 INC?
- The 990 for the year ended December 31, 2024 names CAROLYN JAIME.
- Who are the officers and directors of DEMAREST FARMS 2 INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does DEMAREST FARMS 2 INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $124,657, expenses of $155,062 and total assets of $1,525,954 at year end.
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