2025-11-14T11:22:03-06:00 2024-12-31 333709623 COHNREZNICK ADVISORY LLC 500 EAST PRATT STREET 4TH FLOOR BALTIMORE MD 21202 990 2024-01-01 222933525 PLAINSBORO NONPROFIT HOUSING CORPORATION PLAI 6097861101 201 ROCKINGHAM ROW PRINCETON NJ 085405758 FRANK PIAZZA EXECUTIVE DIRECTOR 6097861101 2025-11-13 1 0 LORI ROTHE YOKOBOSKY P01273422 4107834900 2024 2025-03-06 01:10:19Z BOBBIE SCHOTT 201 ROCKINGHAM ROW PRINCETON NJ 085405758 1921332 0 X N/A X 1987 NJ THE ORGANIZATION'S PURPOSE IS TO PROVIDE LOW AND MODERATE INCOME HOUSING IN PLAINSBORO TOWNSHIP. 5 5 0 5 0 0 0 0 1810453 1881236 5813 6147 45143 33949 1861409 1921332 88609 19702 0 0 341679 310062 0 0 0 1627215 1645288 2057503 1975052 -196094 -53720 7183339 7409452 6978234 7258067 205105 151385 X THE ORGANIZATION'S PURPOSE IS TO PROVIDE LOW AND MODERATE INCOME HOUSING IN PLAINSBORO TOWNSHIP. 0 0 1746081 19702 1915185 SEE SCHEDULE OTHE PLAINSBORO NON-PROFIT HOUSING CORPORATION BUILT A 126 UNIT RENTAL COMPLEX WHICH 100% OF THE COMPLEX IS PROVIDED FOR LOW AND MODERATE INCOME RESIDENTS IN PLAINSBORO TOWNSHIP. IN ADDITION, THE CORPORATION MONITORS AFFORDABLE HOUSING AND CONSULTS FOR THE TOWNSHIP OF PLAINSBORO ON ISSUES RELATED TO AFFORDABLE HOUSING IN PLAINSBORO, NJ. IN 2012 THE TOWNSHIP OF PLAINSBORO TRANSFERRED FUNDS TO PLAINSBORO NONPROFIT HOUSING CORPORATION FOR THEADMINISTRATION OF GRANTS. THESE GRANTS ARE FOR THE INSTALLATION OF HIGH ENERGY EFFICIENT HVAC SYSTEMS AND HOT WATER TANKS IN AFFORDABLE HOMES; DOWN PAYMENT ASSISTANCE GRANTS TO PURCHASE AFFORDABLE HOMES; THE USE OF FUNDS TO MAINTAIN AFFORDABILITY RESTRICTIONS IF AN AFFORDABLE HOME IS BEING FORECLOSED UPON; AND FUNDING TO PURCHASE MARKET HOMES, REFURBISH AND RESELL THEM AS AFFORDABLE HOMES WITH RESTRICTIONS. 1746081 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 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 1 0 0 0 0 0 0 X X FRANK PIAZZA 6097861101 201 ROCKINGHAM ROW PRINCETON NJ 08540 X BOBBIE SCHOTT VICE CHAIR 1.00 X X 0 0 0 JOHN PIDGEON SECRETARY 1.00 X X 0 0 0 KATHY VIGNAPIANO MEMBER AT LARGE 1.00 X 0 0 0 ROBERT RUSCIANO CHAIR 1.00 X X 0 0 0 THOMAS COLITSAS TREASURER 1.00 X X 0 0 0 FRANK PIAZZA EXECUTIVE DIRECTOR 20.00 X 0 0 0 0 0 0 0 0 0 0 PIAZZA & ASSOCIATES 201 ROCKINGHAM ROW PRINCETON NJ 08540 ADMINISTRATION 175000 1 RENTAL INCOME 531110 1746166 1746166 TOWNSHIP SERVICE FEES 531390 135070 135070 1881236 6147 6147 MISC REIMBURSEMENT FEE 531110 33949 33949 33949 1921332 1915185 0 6147 19702 19702 251221 251221 1019 1019 57822 57822 104770 104770 12115 12115 46059 46059 798 579 219 46754 46380 374 132338 132338 30 30 265094 265094 202100 202100 114126 114126 REPAIRS & MAINTENANCE 286533 286533 ADMINISTRATIVE MANAGEME 181300 181300 REAL ESTATE TAXES 152576 152576 GROUND MAINTENANCE 82695 82695 18000 18000 1975052 1746081 228971 0 1207575 1194142 1183601 1036511 25451 31663 49381 65923 11582661 7723251 3625753 3859410 2395 295 1089183 1221508 7183339 7409452 66852 290680 1485224 1532405 134408 140911 4252624 4094927 1039126 1199144 6978234 7258067 X 205105 151385 205105 151385 7183339 7409452 -53720 0 X 0 1 X 1 0 X 1641173 1645521 1678364 1855596 1881236 8701890 1641173 1645521 1678364 1855596 1881236 8701890 0 0 0 8701890 2819 2351 1590 5813 6147 18720 2819 2351 1590 5813 6147 18720 7209 45143 33949 86301 1651201 1647872 1679954 1906552 1921332 8806911 0.98810 0.98980 0.00210 0.00220 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISC REIMBURSEMENT FEE - 2020 AMOUNT: $ 7,209. 2023 AMOUNT: $ 45,143. 2024 AMOUNT: $ 33,949. 0 1 X 810240 810240 9548499 6960596 2587903 1006555 762655 243900 217367 217367 3859410 REPLACEMENT RESERVES 972384 MORTGAGE ESCROWS 84354 DUE FROM TOWNSHIP OF PLAINSBORO 164770 1221508 ACCRUED INTEREST PAYABLE 1094374 DUE TO AFFILIATE 104770 1199144 X PART IV, LINE 2B: THE ORGANIZATION HOLDS SECURITY DEPOSITS AS REQUIRED BY STATE LAW. PART X, LINE 2: THE CORPORATION HAS APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS A TAX-EXEMPT ENTITY PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023. DUE TO ITS TAX-EXEMPT STATUS, THE CORPORATION IS NOT SUBJECT TO INCOME TAXES. THE CORPORATION IS REQUIRED TO FILE AND DOES FILE INFORMATIONAL TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. AS THE SOLE OWNER OF THE PARTNERSHIP AND WYNDHURST AT PLAINSBORO, LLC, THE CORPORATION CONSOLIDATES THE ACTIVITY OF THESE ENTITIES INTO THE CORPORATION'S TAX FILINGS. OPEN TAX YEARS SUBJECT TO IRS REVIEW FOR THE CORPORATION WERE 2021, 2022 AND 2023. 0 ASSISTANCE WITH HOMEOWNER FEES 11 19702 PART I, LINE 2: AN ACCOUNTANT OVERSEES THE DISBURSEMENT OF FUNDS. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION DELEGATES CONTROL OVER MANAGEMENT DUTIES TO PIAZZA & ASSOCIATES. AN ADMINISTRATIVE FEE OF $175,000 IS PAID TO PIAZZA & ASSOCIATES, WHICH THEN PAYS ITS EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF FORM 990 IS REVIEWED AND APPROVED BY THE PRESIDENT AND BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE FOR PUBLIC INSPECTION AT THE ORGANIZATION'S OFFICE DURING REGULAR BUSINESS HOURS UPON REQUEST. PLAINSBORO HOUSING PARTNERS LP 201 ROCKINGHAM ROW PRINCETON NJ 08540 223194468 LOW-INCOME HO NJ 1787598 5377444 PLAINSBORO WYNDHURST AT PLAINSBORO LLC 201 ROCKINGHAM ROW PRINCETON NJ 08540 222933525 LOW-INCOME HO NJ PLAINSBORO