2025-08-29T16:52:39-04:00 2024-12-31 WITHUMSMITHBROWNPC 331 NEWMAN SPRINGS RD STE 125 RED BANK NJ 077016765 990 2024-01-01 223548435 Homes Now Inc % CHRISTINE HOFMANN HOME 7322957380 2141 Route 88 East No 1 Brick Township NJ 08724 CHRISTINE HOFMANN EXECUTIVE DIRECTOR 7322957380 2025-11-15 true true JOSEPH PEREZ P00961850 7328423113 2024 2025-03-06 01:10:19Z CHRISTINE HOFMANN 2141 Route 88 East No 1 Brick Township NJ 08724 6004372 false X WWW.Homes-now.org X 1997 NJ PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE INCOME HOUSING 7 7 5 7 101102 0 247794 151663 301168 276697 4148 4547 -447338 227061 105772 659968 185 890 0 0 88954 100840 0 0 0 487332 410296 576471 512026 -470699 147942 17563178 16273786 11853081 10388469 5710097 5885317 X PROVIDE AFFORDABLE HOUSING AND SERVICES TO MUNICIPALITIES THROUGHOUT THE STATE OF NEW JERSEY false false 443022 890 276697 RENOVATE AND CONSTRUCT NEW HOUSING FOR LOW INCOME HOUSING FAMILIES, MONITOR AND PROVIDE MANGEMENT SERVICES FOR LOW INCOME HOUSING PROJECTS FOR COAH COMPLIANCE 443022 true true false false false false false false false false true false false false 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 X 23 0 true 5 true true true false false false false false false false false false false false X 7 7 false false false false false false false true true false false true true true true true true true true false NJ X CHRISTINE HOFMANN 7322957380 2141 ROUTE 88 SUITE 1 BRICK NJ 087243268 CHRISTINE HOFMANN EXECUTIVE DIRECTOR 40.0 0.0 X 175099 0 0 BETH MECKEL PRESIDENT/TREASURER - Trustee 2.0 0.0 X X 0 0 0 SHARON LABASH VICE PRESIDENT - TRUSTEE 2.0 0.0 X X 0 0 0 CHRISTINE MCBRIDE SECRETARY - TRUSTEE 2.0 0.0 X X 0 0 0 AUDRA BURGHARD TRUSTEE 2.0 0.0 X 0 0 0 STEVEN M GREEN TRUSTEE 2.0 0.0 X 0 0 0 JODI A QUERCIA TRUSTEE 2.0 0.0 X 0 0 0 MELISSA WEEKS TRUSTEE 2.0 0.0 X 0 0 0 LAUREN FRANK MUNICIPAL LIAISON 1.0 0.0 X 0 0 0 175099 0 0 1 false true false SHORE FARMING LLC 27 COLBY AVENUE MANASQUAN NJ 08736 Financial SERVICES 224820 BFS OPERATIONS LLC PO BOX 844106 DALLAS TX 75284 CONSTRUCTION 221732 HEARTSTONE DEVELOPMENT LLC PO BOX 372 EAST HANOVER NJ 07936 CONSTRUCTION MGMT. 194631 ANA ELECTRIC LLC PO BOX 7503 MONROE TOWNSHIP NJ 08831 ELECTRICAL CONT. 188484 4 136577 15086 151663 MANAGEMENT FEES 561000 236004 236004 DEVELOPER FEES 900099 40693 40693 276697 4547 4547 0 0 103202 103202 0 103202 2100 101102 0 0 0 0 0 0 0 5465364 5344404 120960 120960 MISCELLANEOUS 900099 2899 2899 2899 659968 402656 101102 4547 890 890 0 0 0 0 0 0 62861 44003 18858 4831 3382 1449 25630 17941 7689 7518 5262 2256 0 0 22273 22273 0 0 0 4307 4236 71 0 15329 13245 2084 0 0 173527 162754 10773 3269 2779 490 0 0 20407 17346 3061 0 122347 122347 48837 48837 512026 443022 69004 0 X 465602 449688 1371147 1720346 23341 7603 0 18469 0 0 0 0 169946 146096 12683306 11243902 13749 5648 4997711 2377830 2742227 2619881 0 0 0 0 0 0 0 0 93860 62153 17563178 16273786 62410 490406 0 0 0 61654 0 0 0 0 0 0 9190961 6912492 0 0 2599710 2923917 11853081 10388469 X 5710097 5885317 0 0 5710097 5885317 17563178 16273786 X 147942 24995 2283 X false true X true false X 195881 186233 185027 247794 151663 966598 0 0 195881 186233 185027 247794 151663 966598 0 966598 112462 97205 95605 93163 107749 506184 0 0 3205 6549 3509 2899 16162 1488944 1506400 0.64918 0.68341 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 129522 129522 4161205 2124520 2036685 397827 107423 290404 271776 108507 163269 37381 37380 1 2619881 0 SECURITY DEPOSITS 9221 REFUNDABLE ADVANCES 1720346 LEASE PAYABLE 1194350 2923917 X Part X, line 2 HNI is a non-profit entity as described in Section 501(c)(3) of the Internal Revenue Code and are exempt from federal and state income taxes. Accordingly, there is no provision for income taxes. This organization income tax return is subject to review and examination by federal, state and local authorities. This organization is not aware of any activities that would jeopardize their tax-exempt status or any activities that are subject to tax on unrelated business income taxes. This organization follows the guidance in the income tax standard regarding the recognition and measurement of uncertain tax positions. The guidance clarifies the accounting for uncertainty in income taxes recognized in an entity's financial statement. The guidance further prescribes recognition and measurement of tax provisions taken or expected to be taken on a tax return that are not certain to be realized. The application of this standard has no impact on these Organization financial statement. The Organization has no unrecognized tax benefits at December 31, 2024 and 2023. Management continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. audits, proposed settlements, changes in tax law and new authoritative rulings. X false false false false false false false false false CHRISTINE HOFMANN EXECUTIVE DIRECTOR 175099 0 0 0 0 0 0 0 0 0 175099 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B: THE FORM 990 IS REVIEWED BY THE ORGANIZATION'S OFFICERS AND BOARD OF TRUSTEES BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C: TO ENSURE THE ORGANIZATION OPERATES IN A MANOR WITH ITS TAX-EXEMPT PURPOSES AND DOES NOT ENGAGE IN ACTIVITES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS ARE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT MINIMUM INCLUDE THE FOLLOWING SUBJECTS: A. WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION AND THE RESULT OF ARM'S LENGTH BARGAINING. B. WHETHER ALL ARRANGEMENTS WITH THE MANAGEMENT OF THE ORGANIZATION CONFORM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OF PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSABLE PRIVATE BENEFIT OR IN EXCESS BENEFIT TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS ADOPTED AN EXECUTIVE COMPENSATION POLICY. THE TOTAL COMPENSATION OF EACH PERSON IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS OR COMPENSATION COMMITTEE OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19: THESE ITEMS ARE MADE AVAILALE UPON REQUEST SECTION 168(H) (6) (F) (II) ELECTION HOMES NOW, INC HEREBY ACKNOWLEDGES THAT IT'S SUBSIDIARY HOMES NOW BEACHVIEW RESIDENCE, INC. ID (#46-1127070) HAS ELECTED UNDER SECTION 168(H) (6) (F) (II) OF THE INTERNAL REVENUE CODE TO HAVE ANY RECOGNIZED GAIN BY ITS TAX EXEMPT PARENT ON ANY DISPOSITION OF AN INTEREST IN TAXPAYER (AND TO TREAT ANY DIVIDENDS OR INTEREST RECEIVED OR ACCRUED FROM THE TAXPAYER) AS UNREALTED BUSINESS TAXABLE INCOME UNDER CODE SECTION 511 IN ORDER FOR HOMES NOW BEACHVIEW RESIDENCE, INC NOT TO BE TREATED AS A "TAX EXEMPT ENTITY' (OR AS A SUCCESSOR TO A TAX-EXEMPT ENTITY). THIS ELECTION IS IRREVOCABLE. Form 990, Part XI, Line 8 To record opening net assets of Lighthouse at Barnegat LLC. Homes Now Sycamore Ridge 2141 Rt 88 East Suite 1 Brick NJ 08724 611729443 HOUSING NJ 501(c)(3) 7 NA false Homes Now Tudor Village 2141 Rt 88 Suite 1 Brick NJ 08724 453684721 HOUSING NJ 501(c)(3) 7 NA false false false false false false false false false false false false false false false false false false false false