2024-09-11T10:38:58-07:00 2024-04-30 223209898 RUOTOLO SPEWAK & CO 101 CHESTNUT AVE MOUNT LAUREL NJ 08054 990 2023-05-01 236395751 STEPHEN SMITH TOWERS APARTMENTS FOR THE ELDERLY INC STEP 2158789560 1030 BELMONT AVENUE PHILADELPHIA PA 19104 VIVIAN S BUCHANON VICE PRESIDENT 2158789560 2024-08-07 true true DUSTIN B WARD CPA MBA P01589702 8562731282 2024-09-11 2023 2024-08-08 14:25:15Z VIVIAN S BUCHANON 1030 BELMONT AVE PHILADELPHIA PA 19104 1689792 false X N/A X 1983 PA TO PROVIDE LOW INCOME HOUSING TO THE ELDERLY AND/OR DISABLED 4 4 0 0 0 0 0 1605212 1689451 333 341 0 1605545 1689792 0 0 329834 354620 0 0 1441739 1433967 1771573 1788587 -166028 -98795 4681180 4596256 5345085 5358956 -663905 -762700 TO PROVIDE LOW INCOME HOUSING TO THE ELDERLY AND/OR DISABLED false false 1788587 0 1689451 THE ORGANIZATION PROVIDES/SUBSIDIZES LOW-INCOME HOUSING FOR THE ELDERLY AND/OR DISABLED IN A 140 UNIT APARTMENT COMPLEX 1788587 false false false false false false false false false true false false true true false 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 true 0 0 0 false false false false false false false false false false false false X 4 4 false false false false false false false true true false false true false false false false false false X VIVIAN STEVENS-BUCHANON 2158789560 1030 BELMONT AVE PHILADELPHIA PA 19104 X PATRICIA SAWYER PRESIDENT 2.00 X 0 0 0 LORENZO CRUGER VICE PRESIDENT 2.00 X 0 0 0 KATHLEEN WILLIAMS SECRETARY 2.00 X 0 0 0 CHARLES THOMAS TREASURER 2.00 X 0 0 0 false false false RENTAL INCOME 532000 524790 0 0 FEES & CONTRACTS FROM GOVERNMENT AGENCIES 532000 1157840 0 0 TENANT CHARGES 531390 6821 0 0 1689451 341 0 341 1689792 1689451 0 341 283259 283259 0 0 45491 45491 0 0 25870 25870 0 0 96393 96393 0 0 4021 4021 0 0 22500 22500 0 0 40301 40301 0 0 1263 1263 0 0 134123 134123 0 0 301308 301308 0 0 122570 122570 0 0 CONTRACTS 281149 281149 0 0 UTILITIES 166804 166804 0 0 SECURITY CONTRACT 117475 117475 0 0 ELDERLY CARE EXPENSES 68175 68175 0 0 77885 77885 0 0 1788587 1788587 0 0 40023 121653 10756 4038 45239 55028 10218304 6401586 3889404 3816718 695758 598819 4681180 4596256 478762 584412 28690 2112 4801147 4735632 36486 36800 5345085 5358956 X -663905 -762700 -663905 -762700 4681180 4596256 -98795 X false true true true true 72899 72899 7192782 4097473 3095309 678892 623911 54981 2177317 1632727 544590 96414 47475 48939 3816718 TENANT DEPOSITS HELD IN TRUST 36800 ESCROW DEPOSITS 4270 REPLACEMENT RESERVE 225053 OTHER RESERVES 46670 RESIDUAL RECEIPTS RESERVE 286026 CONSTRUCTION IN PROGRESS 0 598819 TENANT DEPOSITS HELD IN TRUST 36800 36800 X 1689792 1689792 1689792 1788587 1788587 1788587 Other THE PROJECT IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE PROJECT HAS REVIEWED TAX POSITIONS TAKEN IN FILINGS WITH FEDERAL AND STATE JURISDICTIONS AND BELIEVES THOSE POSITIONS WOULD BE SUSTAINED SHOULD THE FILINGS BE EXAMINED BY THE RELEVANT TAXING AUTHORITY. FOR FEDERAL INCOME TAX PURPOSES, THE RETURNS REMAIN OPEN FOR POSSIBLE EXAMINATION THREE YEARS AFTER THEY ARE FILED. THE PROJECTS POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN OTHER EXPENSE IN THE STATEMENT OF ACTIVITIES. NO INTEREST AND PENALTIES WERE RECORDED DURING THE YEAR ENDED APRIL 30, 2024. Pt VI, Line 8b THE ORGANIZATIONS BOARD OF DIRECTORS MEET REGULARLY AND TAKE MINUTES OF ALL MEETINGS. THERE ARE NO COMMITTEES. Pt VI, Line 11b THE ORGANIZATIONS BOARD OF DIRECTORS AND MANAGEMENT COMPANY REVIEW THE 990 TO VERIFY THE AMOUNTS REPORTED AGREE WITH THE ORGANIZATIONS AUDITED Pt VI, Line 19 THE ORGANIZATIONS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILBLE TO THE PUBLIC IN THE ORGANIZATIONS OFFICE UPON REQUEST.