2025-01-22T16:50:05-06:00 2024-03-31 943108253 NOVOGRADAC & COMPANY LLP 1144 HOOPER AVENUE SUITE 203 TOMS RIVER NJ 08753 990 2023-04-01 222245961 HOUSING DEVELOPMENT CORPORATION OF BERGEN COUNTY HOUS 2013367601 ONE BERGEN COUNTY PLAZA 2ND FLOOR HACKENSACK NJ 07601 LYNN BARTLETT EXECUTIVE DIRECTOR 2013367601 2025-01-22 1 1 RICHARD M LARSEN P01233142 7325034257 2023 2024-10-15 13:58:12Z LYNN BARTLETT ONE BERGEN COUNTY PLAZA 2ND FLOOR HACKENSACK NJ 07601 7875030 0 X N/A X 1978 NJ TO PROVIDE AFFORDABLE HOUSING TO SENIOR AND HANDICAPPED CITIZENS. 7 7 1 0 0 0 2850723 3216544 3644406 4252428 188562 406058 0 0 6683691 7875030 0 0 0 0 1786957 1914852 0 0 0 4268053 5207790 6055010 7122642 628681 752388 45424195 45858956 10797176 10479549 34627019 35379407 TO PROVIDE AFFORDABLE HOUSING TO SENIOR AND HANDICAPPED CITIZENS. 0 0 6147293 4252428 OPERATION OF AFFORDABLE HOUSING UNITS FOR SENIOR AND HANDICAPPED INDIVIDUALS. 6147293 1 1 0 0 0 0 0 0 0 0 1 0 0 1 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 1 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 1 0 0 0 0 NJ X BERGEN COUNTY HOUSING AUTHORITY 2013367601 ONE BERGEN COUNTY PLAZA 2ND FLOOR HACKENSACK NJ 07601 LYNN BARTLETT EXECUTIVE DIRECTOR 2.00 40.00 X X 0 30000 0 AL RESTAINO PRESIDENT 1.00 X X 0 0 0 DIANE SCRIVERI VICE PRESIDENT 1.00 X 0 0 0 PETE CAMINITI TRUSTEE 1.00 X 0 0 0 DANIEL ORTEGA TRUSTEE 1.00 X 0 0 0 JOHN BIALE DIRECTOR OF DEVELOPMENT 1.00 X 0 0 0 HARVEY SOHMER TRUSTEE 1.00 X 0 0 0 MICHAEL APICELLA TREASURER 1.00 X 0 0 0 JOSEPH RUTCH TRUSTEE 1.00 X 0 0 0 0 30000 0 0 0 0 0 0 3216544 3216544 PROGRAM RENTAL INCOME 531110 3276849 3276849 OTHER TENANT INCOME 531390 542167 542167 DEVELOPER FEE INCOME 561499 433412 433412 4252428 406058 406058 7875030 4252428 0 406058 1247371 1122634 124737 568038 511234 56804 99443 89499 9944 357125 357125 33257 33257 28400 28400 42743 42743 423685 423685 995 895 100 211428 211428 723433 723433 149917 134925 14992 EMERGENCY SOLUTIONS 1312639 1181375 131264 REPAIRS AND MAINTENANCE 722808 722808 OUTSIDE SERVICES 491019 441917 49102 MISC . EXPENSES 368735 331862 36873 341606 251598 90008 7122642 6147293 975349 0 11195751 13380690 608146 396117 4822616 3997363 114774 135377 35648581 17677621 18278179 17970960 1102487 1102475 9302242 8875974 45424195 45858956 337102 241085 9580049 9405857 880025 832607 10797176 10479549 X 34627019 35379407 34627019 35379407 45424195 45858956 752388 0 X X 0 1 X 1 1 1 X 1657652 2167799 2479478 2850723 3216544 12372196 1657652 2167799 2479478 2850723 3216544 12372196 12372196 415642 392552 196819 205250 406058 1616321 13988517 0.88450 0.88490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2422306 2422306 28978373 14318873 14659500 4247902 3358748 889154 17970960 RESTRICTED RESERVES 6326140 TENANT SECURITY DEPOSITS 161797 LAND HELD FOR INVESTMENTS 159029 ACCRUED INTEREST RECEIVABLE 2796 CONSTRUCTION IN PROGRESS 2226212 8875974 TENANT SECURITY DEPOSITS 161797 ACCRUED INTEREST 19368 ACCRUED EXPENSES 240729 DUE TO AFFILIATES 410713 832607 X 7875030 0 7875030 0 7875030 7122642 0 7122642 0 7122642 PART X, LINE 2: THE CORPORATION IS A NOT-FOR-PROFIT CORPORATION WHICH IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CORPORATION IS NOT TAXED ON INCOME DERIVED FROM ITS EXEMPT FUNCTIONS. THE PREPARATION OF FINANCIAL STATEMENTS IN CONFORMITY WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE CORPORATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE CORPORATION, INCLUDING CHANGES TO THE CORPORATION'S STATUS AS A NOT-FOR-PROFIT ENTITY. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. THE CORPORATION HAS EVALUATED ITS TAX POSITIONS FOR ALL OPEN TAX YEARS. CURRENTLY, THE TAX YEARS OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE ARE THE 2020, 2021 AND 2022 TAX YEARS. THE CORPORATION HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAVE MEASURED THE CORPORATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE CORPORATION HAS MET THE REQUIREMENTS TO MAINTAIN ITS TAX-EXEMPT STATUS, HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. ANY INTEREST OR PENALTIES ASSESSED TO THE CORPORATION ARE RECORDED IN OPERATING EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION A, LINE 3 THE CORPORATION IS MANAGED BY THE HOUSING AUTHORITY OF BERGEN COUNTY. FORM 990, PART VI, SECTION A, LINE 8B COMMITTEES OF THE BOARD ARE NOT PERMITTED TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 PART XII, LINE 2C: THERE HAVE BEEN NO CHANGES TO THE ORGANIZATION'S OVERSIGHT PROCESS OR SELECTION PROCESS. 168(H)(6) ELECTION CERTIFICATION THE GENERAL PARTNER, USR HDC GP, LLC HAS MADE THE ELECTION PROVIDED FOR IN CODE SECTION 168(H)(6) IN THE FORM AND MANNER PRESCRIBED BY THE INTERNAL REVENUE SERVICE OR U.S. TREASURY DEPARTMENT. COMM RESOURCE BOARD OF S BERGEN CTY ONE BERGEN COUNTY PLAZA 2ND FLOOR HACKENSACK NJ 07601 222451449 AFFD HSG NJ 501C3 7 N/A 0 HOUSING AUTHORITY OF BERGEN COUNTY ONE BERGEN COUNTY PLAZA 2ND FLOOR HACKENSACK NJ 07601 221828802 AFFD HSG NJ GOVT 6 N/A 0 GROVE ST AT SH AFFORDABLE HOUSING ONE BERGEN COUNTY PLAZA 2ND FLOOR HACKENSACK NJ 07601 270914383 AFFD HSG NJ N/A C 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 COMM HSG RESOURCE BOARD OF S BERGEN D 116541 COST HOUSING AUTHORITY OF BERGEN COUNTY P 491019 COST HOUSING AUTHORITY OF BERGEN COUNTY M 329162 COST