2025-10-23T09:55:25-04:00 2024-12-31 222426149 COWAN GUNTESKI & CO PA 730 HOPE ROAD TINTON FALLS NJ 07724 990 2024-01-01 222176791 LINCROFT SENIOR CITIZENS HOUSING CO LINC 7325300668 41 HURLEYS LANE LINCROFT NJ 07738 CATHERINE RODGERS PRESIDENT 7325300668 2025-06-23 false CAROL EGAN P00477466 7326764100 2025-10-23 2024 2025-03-06 01:10:19Z CATHERINE RODGERS 141 WILSON AVENUE PORT MONMOUTH NJ 07758 4331713 false X N/A X 1975 NJ THE ORGANIZATION PROVIDES AFFORDABLE RENTAL HOUSING AND RELATED FACILITIES AND SERVICES FOR ELDERLY AND HANDICAPPED FAMILIES ON A NON-PROFIT BASIS. 8 8 9 0 0 3735275 3715492 404611 491276 -24595 -38236 4115291 4168532 0 0 506405 500975 0 0 2363329 2562642 2869734 3063617 1245557 1104915 22471214 24001885 706419 976794 21764795 23025091 LINCROFT SENIOR CITIZEN HOUSING CORPORATION IS AN INDEPENDENT ENTITY THAT PROVIDES RENTAL HOUSING AND RELATED FACILITIES AND SERVICES FOR ELDERLY AND HANDICAPPED FAMILIES ON A NON-PROFIT BASIS. false false 2556085 3715492 THE ORGANIZATION MAINTAINS 189 APARTMENTS, RANGING FROM EFFICIENCY UNITS TO 2-BEDROOM UNITS, WHICH PROVIDE AFFORDABLE HOUSING FOR ELDERLY AND HANDICAPPED FAMILIES. MANY OF THESE FAMILIES RECEIVE SUBSIDIZED RENT THROUGH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. 2556085 true false false false false false false false true false true false false true false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 10 0 true 9 true false false false false false false false false false false false false false false X 8 8 false false false false false false true true true false false true true true true true true true true false X LINCROFT SENIOR CITIZENS HOUSING CO 7325300668 41 HURLEYS LANE LINCROFT NJ 07738 X RYAN CLARKE DIRECTOR 2.00 X 0 0 0 ANTHONY FIORE DIRECTOR 2.00 X 0 0 0 CARMEN PETERSON DIRECTOR 2.00 X 0 0 0 MAUREEN RAISCH DIRECTOR 2.00 X 0 0 0 JAMES RICCIARDI VICE PRESIDE 2.00 X X 0 0 0 CATHERINE RODGERS PRESIDENT 2.00 X X 0 0 0 ROBERTA SHERIDAN SECRETARY/TR 4.00 X X 0 0 0 LOIS K WHITTOM DIRECTOR 2.00 X 0 0 0 false false false PRC MANAGEMENT CO INC 141 WEST FRONT STREET RED BANK NJ 07701 MANAGEMENT 153203 1 TENANT RENT 531110 3715492 3715492 3715492 491276 491276 81304 163181 -81877 -81877 OTHER INCOME 532000 35283 35283 LAUNDRY MACHINES 532000 8333 8333 LATE CHARGES & OTHER 532000 25 25 43641 4168532 3677256 491276 398379 240460 157919 65045 43580 21465 37551 25159 12392 153203 153203 24595 24595 33853 33853 72756 72756 76548 76548 1535957 1535957 516855 516855 11353 4201 7152 PROGRAM MATERIALS 76919 76919 DONATIONS 45000 45000 PROVISION FOR R&R RESERVE 11825 11825 FEES & CHARGES 3521 3521 257 257 3063617 2556085 507532 0 358013 42011 264270 110484 74437 132267 3505 2375 8679 11308 22032885 13561637 7313005 8471248 9780974 10195530 4668331 5036662 22471214 24001885 352341 648916 88853 95531 265225 232347 706419 976794 X 17397492 18645963 4367303 4379128 21764795 23025091 22471214 24001885 X 1104915 143556 11825 X false true X true true true X 3390284 3871490 3890375 3873658 3840437 18866244 3390284 3871490 3890375 3873658 3840437 18866244 18866244 156946 72461 128265 404611 491276 1253559 156946 72461 128265 404611 491276 1253559 3547230 3943951 4018640 4278269 4331713 20119803 0.93770 0.94790 0.06000 0.05000 X false true X 245700 245700 21787185 13561637 8225548 8471248 RESERVE FOR REPAIRS & REPLACE 4379128 NOTE RECEIVABLE - PAVILLION 214254 INSURANCE ESCROW 181240 REAL ESTATE TAX ESCROW 134724 TENANT SECURITY DEPOSITS 95531 ACCRUED INTEREST RECEIVABLE 31785 5036662 X 4331713 163181 163181 4168532 4168532 3083242 19625 19625 3063617 3063617 SCHEDULE D, PAGE 2, PART IV, LINE 2B THE ORGANIZATION HOLDS SECURITY DEPOSITS IN ESCROW FOR EACH TENANT. SCHEDULE D, PAGE 3, PART X THE CORPORATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES HAS BEEN RECORDED. THE CORPORATION'S TAX RETURNS ARE GENERALLY SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS FROM THE DATE THEY ARE TO BE FILED. THE CORPORATION FOLLOWS FASB ACCOUNTING STANDARDS CODIFICATION, WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN CORPORATION'S FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AND ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF DECEMBER 31, 2024, THE CORPORATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE CORPORATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE FINANCIAL STATEMENTS. NO INTEREST AND PENALTIES WERE RECORDED DURING THE YEARS ENDED DECEMBER 31, 2024. SCHEDULE D, PAGE 4, PART XI, LINE 2D CONVENIENCE STORE EXPENSES 163,181 SCHEDULE D, PAGE 4, PART XII, LINE 2D STORE EXPENSES NETTED WITH REVENUE 163,181 UNREALIZED LOSS ON INVESTMENTS -143,556 FORM 990, PAGE 6, PART VI, LINE 7B THE MANAGEMENT COMPANY ALONG WITH THE BOARD OF DIRECTORS IN CERTAIN CIRCUMSTANCES MUST RECEIVE APPROVAL FROM AN OUTSIDE STATE AGENCY, THE NEW JERSEY HOUSING & MORTGAGE FINANCE AGENCY, WHICH OVERSEES CAPITAL IMPROVEMENT PROJECTS AS WELL AS REQUIRED ESCROW FUNDS. FORM 990, PAGE 6, PART VI, LINE 11B COPY OF THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS PRIOR TO FILING FOR ITS REVIEW. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION'S POLICY REQUIRES ALL OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES TO BE COGNIZANT OF THE POLICY AND TO ADDRESS ANY POTENTIAL ISSUES AT THE MONTHLY BOARD MEETINGS. THE BOARD ALSO ENCOURAGES OPEN DISCUSSION WITH THE ORGANIZATION'S ATTORNEY. FORM 990, PAGE 6, PART VI, LINE 15A THE ORGANIZATION HIRES A RENTAL MANAGEMENT COMPANY WHICH ACTS AS THE CHIEF EXECUTIVE OFFICER REPORTING DIRECTLY TO THE BOARD OF DIRECTORS. IN THE STATE OF NEW JERSEY, THE COMPENSATION GUIDELINES ARE ESTABLISHED BY NEW JERSEY HOUSING & MORTGAGE FINANCE AGENCY. THE BOARD OF DIRECTORS APPROVE THE COMPENSATION WITHIN THE STATE LIMITS. THE BOARD OF DIRECTORS ALSO REVIEWS AND APPROVES THE SALARIES AND RELATED INCREASES FOR OFFICE PERSONNEL. FORM 990, PAGE 6, PART VI, LINE 15B THE ORGANIZATION HIRES A MANAGEMENT COMPANY WHICH ACTS AS THE CHIEF EXECUTIVE OFFICER REPORTING DIRECTLY TO THE BOARD OF DIRECTORS. THE COMPENSATION GUIDELINES ARE ESTABLISHED BY NEW JERSEY HOUSING & MORTGAGE FINANCE AGENCY. THE BOARD OF DIRECTORS APPROVE THE COMPENSATION WITHIN THE NJHMFA LIMITS. THE BOARD OF DIRECTORS ALSO REVIEWS AND APPROVES THE SALARIES AND RELATED INCREASES FOR OFFICE PERSONNEL. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 CONTRIBUTION TO R&R ESCROW 11,825