2024-05-10T10:24:44-05:00 2023-12-31 222618498 PKF O'CONNOR DAVIES ADVISORY LLC 20 COMMERCE DRIVE SUITE 301 CRANFORD NJ 070163618 990 2023-01-01 222226062 UNION TOWNSHIP ADULT COMMUNITY DEVELOPMENT CORP UNIO 9086880565 100 FRANCES CT UNION NJ 07083 JAMES MASTERSON PRESIDENT 9086880565 2024-05-06 1 JAMES MASTERSON 999009999 0 THOMAS F ROCHE P00104670 9082726200 2024-05-06 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z JAMES MASTERSON 100 FRANCES CT UNION NJ 07083 3674475 0 X N/A X 1978 NJ TO PROVIDE LIVING ACCOMODATIONS TO SENIOR CITIZENS AT AFFORDABLE RATES. 5 5 18 0 0 0 0 0 3502780 3606269 13061 63195 11459 5011 3527300 3674475 0 0 0 0 784511 835137 0 0 0 2149392 2755957 2933903 3591094 593397 83381 14442460 14068077 7854611 7396847 6587849 6671230 PROVIDE RENTAL HOUSING AND HOUSING RELATED FACILITIES TO ELDERLY PERSONS AT AFFORDABLE RATES. 0 0 3351359 3606269 THE ORGANIZATION QUALIFIES UNDER HUD SECTION 8 TO RECEIVE SUBSIDIZED RENTAL PAYMENTS TO PROVIDE SAFE AND AFFORDABLE HOUSING TO SENIOR CITIZENS WHO MEET CERTAIN INCOME REQUIREMENTS. THE ENTITY PROVIES 30 EFFICIENCY APARTMENTS, 198 ONE-BEDROOM APARTMENTS AND 5 TWO-BEDROOM APARTMENTS. 3351359 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 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 0 0 0 0 1 20 0 18 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 0 0 0 NJ X JAMES MASTERSON 9086880565 100 FRANCES COURT UNION NJ 07083 X JAMES MASTERSON PRESIDENT 10.00 X X 0 0 0 BARBARA NIBAGHAN SECRETARY 5.00 X X 0 0 0 GREG MULLER V-PRESIDENT 1ST 5.00 X X 0 0 0 JEANNETTE CANTALUPO TREASURER 5.00 X X 0 0 0 JACK KAMATZ V-PRESIDENT 2ND 5.00 X X 0 0 0 0 0 0 0 0 0 0 KRIEGMAN & SMITH 101 EISENHOWER PARKWAY ROSELAND NJ 07068 MANAGEMENT 184340 PLANNED SECURITY SERVICES PO BOX 21857 NEW YORK NY 10087 SECURITY 160667 2 RENTAL 531110 3606269 3606269 3606269 63195 63195 LAUNDRY & CABLE 812900 5011 5011 5011 3674475 3611280 0 63195 587073 587073 2020 2020 143684 143684 102360 102360 184340 184340 22965 22965 18390 18390 160667 160667 133309 133309 14040 14040 1468665 1468665 389338 389338 MAINTENANCE & REPAIRS 301308 301308 MAINTENANCE CONTRACTS 240417 240417 RESERVE FOR REPAIR & RE -177482 -177482 3591094 3351359 239735 0 304950 118664 2426910 2226873 5683 3143 172420 213036 11990256 4959539 6856163 7030717 4676334 4475644 14442460 14068077 74275 59383 99731 101276 5834475 5567540 1846130 1668648 7854611 7396847 X 6587849 6671230 6587849 6671230 14442460 14068077 83381 0 X 0 1 X 1 1 1 X 3284442 3394058 3438697 3502780 3606269 17226246 3284442 3394058 3438697 3502780 3606269 17226246 0 0 0 17226246 111284 58636 12184 13061 63195 258360 111284 58636 12184 13061 63195 258360 18684 18836 12653 11459 5011 66643 3414410 3471530 3463534 3527300 3674475 17551249 0.98150 0.98100 0.01470 0.01350 X 0 1 300600 300600 11004737 4325463 6679274 684919 634076 50843 7030717 ESCROW CASH FUNDS 4376439 SECURITY DEPOSIT FUND 99205 4475644 RESERVE FOR R & R 1668648 1668648 X 3674475 0 3674475 0 3674475 3591094 0 3591094 0 3591094 PART X, LINE 2: THE CORPORATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CORPORATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION. THE CORPORATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO DECEMBER 31, 2019. FORM 990 SCHEDULE D PART IV 2B THE ORGANIZATION MAINTAINS A TENANT SECURITY DEPOSIT BANK ACCOUNT. THE FUNDS ARE RETURNED TO THE TENANTS WHEN THEY MOVE OUT OF THE PROJECT. FORM 990, PART VI, SECTION A, LINE 3 A MANAGING AGENT (MA), KRIEGMAN & SMITH WAS HIRED TO MAINTAIN THE BOOKS AND RECORDS OF THE ORGANIZATION. THE MANAGING AGENT RECORDS ALL TRANSACTIONS OF THE ENTITY AND PREPARES A MONTHLY GENERAL LEDGER AND OTHER MANGAGEMENT REPORTS. REPRESENTATIVES OF THE MA ATTEND EACH MONTHLY BOARD MEETING TO REPORT ON AND DISCUSS THE ACTIVITIES OF THE LAST MONTH.THE MANAGEMENT FEE PAID IS DETERMINED ACCORDING TO STATE AGENCY GUIDELINES. NO OFFICER OR BOARD MEMBER WAS COMPENSATED BY THE MANAGEMENT COMPANY FOR PROVIDING SERVICES TO THE ORGANIZATION DURING THE TAX YEAR. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PRESENTED TO THE BOARD BY PAPER WITH AUDITED FINANCIAL STATEMENTS PRIOR TO FILING OF THE RETURN FOR BOARD MEMBERS TO REVIEW. THE MEMBERS HAVE AN OPPORTUNITY TO REVEIW RETURN AND ASK QUESTIONS OR MAKE COMMENTS TO THE PRESIDENT. THE PRESIDENT WILL GATHER ALL TOGETHER AND DISCUSS WITH THE ACCOUNTING FIRM. AFTER THE QUESTIONS AND CHANGES IF ANY ARE AGREED TO THE BOARD GIVES APPROVAL FOR FILING 990. FORM 990, PART VI, SECTION C, LINE 19 UNION TOWNSHIP MAKES ITS FORM 990,FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS, AVAILABLE UPON REQUEST AT 100 FRANCES COURT, UNION, NJ 07083.