2024-03-14T15:07:32-05:00 2023-06-30 WithumSmithBrown PC ONE TOWER CENTER BLVD 14TH FL EAST BRUNSWICK NJ 08816 990 2022-07-01 223226571 ADTI Housing Corp % JOSEPH MATTIA ADTI 9086851444 600 First Avenue Raritan NJ 08869 JOSEPH MATTIA VP OF FINANCE 9086851444 2023-11-15 true JOSEPH MATTIA 999009999 Devin Desmond P01262203 7328281614 3 2022 2023-04-26 12:10:37Z JOSEPH MATTIA 600 First Avenue Raritan NJ 08869 1349768 false X ALTERNATIVESINC.ORG X 1993 NJ TO PROVIDE AFFORDABLE HOUSING TO CONSUMERS OF ALTERNATIVES, INC. (A NOT-FOR-PROFIT CORPORATION) AND MEMBERS OF THE GENERAL PUBLIC. 9 8 0 8 0 301771 0 1517479 1330212 20568 15776 13270 3780 1853088 1349768 13891 0 0 0 395609 0 0 0 0 1245692 1356584 1655192 1356584 197896 -6816 9294425 9228077 4747895 4665953 4546530 4562124 X THE PURPOSE OF THE CORPORATION IS (A) TO PROVIDE AFFORDABLE, LOW INCOME HOUSING TO CLIENTS OF ALTERNATIVES, INC., A NEW JERSEY NOT-FOR-PROFIT CORPORATION (SEE SCHEDULE O FOR DETAILS). false false 1356584 1333992 ADTI Housing Corp. is a subsidiary of Alternatives, Inc., A NJ NOT-FOR-PROFIT CORPORATION, DEDICATED TO THE CREATION OF AFFORDABLE HOUSING FOR ALTERNATIVES, INC.'S CONSUMERS WITH SPECIAL NEEDS AS WELL AS LOW/MODERATE INCOME PEOPLE FROM THE GENERAL PUBLIC (CONTINUED ON SCHEDULE O). 1356584 true false false false false false false false false false true false false true true true false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 0 0 true 0 false false false false false false false false false false false false X 9 8 false false false false true false false true true false false true true true true true true true true false NJ X JOSEPH MATTIA 9086851444 600 FIRST AVENUE RARITAN NJ 08869 NANCY GOOD PRESIDENT 2.0 38.0 X X 0 188225 5701 Joe Mattia VP of Finance 2.0 38.0 X 0 142234 5157 JAMES ROMACH TRUSTEE 1.0 1.0 X 0 0 0 MORRIS MALMSTROM CHAIR 1.0 1.0 X X 0 0 0 RICHARD SAMPLE 2ND VICE CHAIR 1.0 1.0 X X 0 0 0 MOHAN TUMMALAPALLI 1ST VICE CHAIR 1.0 1.0 X X 0 0 0 SEAN MUNDY TRUSTEE 1.0 1.0 X 0 0 0 JANET KEATING TREASURER 1.0 1.0 X X 0 0 0 PATRICIA MCMURTRY SECRETARY 1.0 1.0 X X 0 0 0 JAMES MONTICCIOLO TRUSTEE 1.0 1.0 X 0 0 0 0 330459 10858 0 false true false 0 0 RENTAL INCOME 531310 1330212 1330212 1330212 15776 15776 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 OTHER INCOME 900099 3780 3780 3780 1349768 1333992 15776 0 0 0 0 0 0 0 0 0 0 0 72300 72300 0 0 0 0 0 0 53717 53717 0 0 862512 862512 0 0 0 32429 32429 0 288100 288100 47526 47526 1356584 1356584 0 0 X 165468 83949 28715 14302 330452 94782 27117 26599 0 0 0 0 0 0 0 0 12433 12001 12156135 4953414 7443819 7202721 547859 567915 0 0 0 0 0 0 738562 1225808 9294425 9228077 74626 81804 0 0 7630 8345 0 0 0 0 0 0 4598470 4502146 0 0 67169 73658 4747895 4665953 X 3672813 3688407 873717 873717 4546530 4562124 9294425 9228077 -6816 22410 X false true X true false X 306232 238100 190149 301771 0 1036252 0 0 306232 238100 190149 301771 0 1036252 0 1036252 30013 15791 12063 11413 15776 85056 0 61371 21261 11318 13270 3780 111000 1232308 7217181 0.84090 0.84240 X 0.00000 1589665 1589665 9246560 4905219 4341341 0 0 0 48195 48195 0 1271715 1271715 7202721 DUE TO/FROM RELATED PARTIES 1136621 SECURITY DEPOSITS 73658 REPLACEMENT & RESERVE DEPOSITS 15529 1225808 0 SECURITY DEPOSITS PAYABLE 73658 73658 X SCHEDULE D, PART X, LINE 2 ADTI IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND EXEMPT FROM STATE TAXES UNDER STATE LAW. ACCORDINGLY, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN RECORDED IN THE COMBINED FINANCIAL STATEMENTS. MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS AT THE AGENCY AS OF JUNE 30, 2023 AND 2022. IN ADDITION, THERE ARE NO INCOME TAX RELATED PENALTIES OR INTEREST FOR THE PERIODS REPORTED IN THE FINANCIAL STATEMENTS. THE AGENCY HAD NO INCOME TAXES FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. false false false false false false false false false NANCY GOOD PRESIDENT 0 188225 0 0 0 0 0 5757 0 -56 0 193926 0 0 SCHEDULE J, PART I, LINE 3 AT THE ANNUAL MEETING OF THE BOARD OF TRUSTEES HELD IN JUNE, THE BOARD OF TRUSTEES EVALUATES THE PRESIDENT'S PERFORMANCE FOR THE YEAR, GATHERS AND COMPARES AVAILABLE EXTERNAL DATA ABOUT EXECUTIVE COMPENSATION FROM OTHER SIMILAR NONPROFIT ORGANIZATIONS IN THE STATE OF NEW JERSEY, AND DETERMINES WHETHER OR NOT TO ADJUST THE PREISDENT'S SALARY. THE PRESIDENT SETS STARTING SALARIES FOR TOP MANAGEMENT OFFICIALS BASED ON A PERFORMANCE APPRAISAL AND BASED UPON THE AVAILABILITY OF FUNDS. THE HUMAN RESOURCE DEPARTMENT ALONG WITH TOP MANAGEMENT OFFICIALS DETERMINES THE STARTING WAGES AND SALARIES FOR ALL NON-MANAGEMENT EMPLOYEES BASED ON COMPARATIVE COMPENSATION OFFERED BY OTHER SIMILAR NONPROFIT ORGANIZATIONS IN THE STATE. SUPERVISORS REVIEW AND APPROVE ALL WAGES AND SALARY ADJUSTMENTS FOR THEIR PERTINENT EMPLOYEES BASED ON PERFORMANCE APPRAISAL AND BASED UPON THEIR AVAILABILITY. FORM 990, PART III, CONTINUATION OF LINE 1 THE PURPOSES OF THE CORPORATION SHALL BE (A) TO PROVIDE AFFORDABLE, LOW INCOME HOUSING TO CLIENTS OF ALTERNATIVES, INC., A NEW JERSEY NOT-FOR-PROFIT CORPORATION; (B) TO ACQUIRE, REHABILITATE AND DEVELOP SINGLE FAMILY, MULTI-FAMILY, APARTMENT UNITS, OTHER SUCH UNITS AND OTHER REAL ESTATE WHICH WILL HELP ENHANCE THE OPERATIONS AND SERVICES OF ALTERNATIVES, INC.; (C) TO PROMOTE EQUAL ACCESS TO AND EXPANSION OF HOUSING OPPORUNITIES IN ALL COUNTIES OF OPERATIONS BY ALTERNATIVES, INC.FOR ALL PERSONS INCLUDING THOSE WITH SPECIAL NEEDS AND LOW AND MODERATE INCOME MEMBERS OF THE GENERAL PUBLIC; (D) TO ENCOURAGE BROAD-BASED COMMUNTIY SUPPORT AND PARTICIAPTION IN DEVELOPING LOW-INCOME HOUSING; (E) TO PROMOTE CONSTRUCTION OF LOW AND MODERATE INCOME HOUSING; (F) TO ENCOURAGE COMMUNITY AWARENESS OF THE NEED FOR NONDISCRIMINATORY HOUSING FOR SPECIAL NEEDS GROUPS; (G) TO APPLY FOR FUNDS FOR ACQUISITION,CONSTRUCTION, REHABILITATION OR RENOVATION OF AFFORDABLE HOUSING; AND (H)TO ENGAGE IN ANY OTHER ACTIVITY PERMITTED BY CORPORATIONS ORGANIZED PURSUANT TO TITLE 15A, CORPORATION, NONPROFIT OF THE NEW JERSEY STATUTES. FORM 990, PART III, CONTINUATION OF LINE 4 THE HOUSING DEVELOPMENT AND FINANCIAL PROFESSIONAL STAFF SPECIALIZES IN THE CREATION OF AFFORDABLE HOUSING UNITS FOR THOSE IN MOST NEED OF SAFE AND DECENT HOMES. ADTI HOUSING CORP. PROVIDED PROPERTY AND FACILITIES MANAGEMENT TO OVER 150 AGENCY-OWNED SPECIAL NEEDS AND AFFORDABLE HOUSING UNITS THROUGHOUT CENTRAL NEW JERSEY. IN ADDITION, ADTI ACTED AS THE AUTHORIZED AGENT FOR HOUSING UNTIS LEASED ON BEHALF OF ALTERNATIVES, INC.'S CLIENTS WITH SPECIAL NEEDS. ADTI HOUSING CORP. HAS BEEN APPROVED AS A QUALIFIED HOUSING DEVELOPER BY NEW JERSEY HOUSING MORTGAGE AND FINANCE AGENCY (NJ-HMFA) FOR THE SPECIAL NEEDS HOUSING PARTNERSHIP LOAN PROGRAM (SNHPLP). FORM 990, PART V, LINE 2A THE HOUSING DEVELOPMENT AND FINANCIAL PROFESSIONAL STAFF SPECIALIZES IN THE CREATION OF AFFORDABLE HOUSING UNITS FOR THOSE MOST IN NEED OF SAFE AND DECENT HOMES. DURING FISCAL YEAR 2021, ADTI HOUSING CORP. PROVIDED PROPERTY AND FACILITIES MANAGEMENT SERVICES TO OVER 150 AGENCY-OWNED SPECIAL NEEDS AND AFFORDABLE HOUSING UNITS THROUGHOUT CENTRAL NEW JERSEY.IN ADDITION, ADTI ACTED AS THE AUTHORIZED AGENT FOR OVER 100 HOUSING UNITS LEASED ON BEHALF OF ALTERNATIVES, INC.'S CLIENTS WITH SPECIAL NEEDS. ADTI HOUSING CORP. HAS BEEN APPROVED AS A QUALIFIED HOUSING DEVELOPER BY NEW JERSEY HOUSING MORTGAGE AND FINANCE AGENCY (NJ-HMFA) FOR THE SPECIAL NEEDS HOUSING PARTNERSHIP LOAN PROGRAM (SNHPLP). FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM; IT IS THEN REVIEWED BY THE GENCY'S VICE PRESIDENT OF FINANCE AS WELL AS THE BOARD OF TRUSTEES VIA A SCHEDULED MEETING, EMAIL, OR TELEPHON ECONFERENCE. THE VICE PRESIDENT OF FINANCE COLLECTS ALL INPUT FROM THE BOARD OF TRUSTEES, PASSES IT ON TO THE EXTERNAL ACCOUNTING FIRM, AND THE FORM 990 IS REVISED WITH NECESSARY CHANGES BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C WHEN TRANSACTIONS ARE ENTERED INTO WITH EMPLOYEES, FAMILY MEMBERS, BOARD OF TRUSTEES OR VENDORS THAT MAY HAVE THE APPEARANCE OF CONFLICT OF INTEREST, THESE TRANSACTIONS ARE REVIEWED BY MANAGEMENT TO ASSURE THAT THE TRANSACTIONS ARE AT ARMS-LENGTH AND IN COMPLIANCE WITH THE AGENCY'S WRITTEN "CONFLICT OF INTEREST POLICY". ANY ISSUES ARE BROUGHT TO THE ATTENTION OF THE BOARD OF TRUSTEES FOR FURTHER REVIEW AND APPROVAL OF THESE TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15 AT THE ANNUAL MEETING OF THE BOARD OF TRUSTEES HELD IN JUNE, THE BOARD OF TRUSTEES EVALUATES THE PRESIDENT'S PERFORMANCE FOR THE YEAR, GATHERS AND COMPARES AVAILABLE EXTERNAL DATA EXECUTIVE COMPENSATION FROM OTHER SIMILAR NONPROFIT ORGANIZATIONS ON THE STATE OF NEW JERSEY, AND DETERMINES WHETHER OR NOT TO ADJUST THE PRESIDENT'S SALARY. THE PRESIDENT SETS STARTING SALARIES FOR TOP MANAGEMENT OFFICIALS BASED ON AVAILABLE COMPARATIVE SALARIES OFFERED BY SIMILAR NONPROFIT ORGANIZATIONS IN THE STATE. THE PRESIDENT REVIEWS AND APPROVES ALL SALARY ADJUSTMENTS FOR TOP MANAGEMENT OFFICIALS BASED ON PERFORMANCE APPRAISAL AND BASED UPON AVAILABILITY OF FUNDS. THE HUMAN RESOURCE DEPARTMENT ALONE WITH TOP MANAGEMENT OFFICIALS DETERMINES THE STARTING WAGES AND SALARIES FOR ALL NON-MANAGEMENT EMPLOYEES BASED ON COMPARATIVE COMPENSATION FOR THEIR PERTINENT EMPLOYEES BASED ON A PERFORMANCE APPRAISAL AND BASED UPON THE AVAILABILITY OF FUNDS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. ALTERNATIVES INC 600 FIRST AVENUE RARITAN NJ 08869 222318999 HUMAN SERVICE NJ 501(C)(3) 7 NA false 600 FIRST AVENUE CONDOMINIUM ASSOCIATION 600 FIRST AVENUE RARITAN NJ 08869 223051287 MAINTENANCE NJ 501(C)(4) N/A ADTI HOUSING false false false false false false false false false false true true false false true true true true false false