2024-08-15T11:40:57-05:00 2023-09-30 135565207 KPMG LLP 1735 MARKET STREET PHILADELPHIA PA 19103 990 2022-10-01 833788423 CAPC SUPPORTIVE NEEDS HOUSING INC CAPC 7326402061 100 ALBANY STREET SUITE 250 NEW BRUNSWICK NJ 08901 STEVEN KACZYNSKI CONTROLLER 7326402061 2024-08-15 1 0 PHILLIP E GROFF P01247783 2127589700 2022 2024-08-08 14:25:15Z BERNEL HALL 100 ALBANY STREET SUITE 250 NEW BRUNSWICK NJ 08901 549945 0 X WWW.NEWJERSEYCOMMUNITYCAPITAL.ORG X 2019 NJ PROVIDES QUALITY, AFFORDABLE, AND SUPPORTIVE HOUSING IN NEW JERSEY. 4 0 0 0 0 0 27919 164545 223405 46933 0 0 -16846 -20093 234478 191385 0 0 0 0 0 0 0 0 0 236352 213508 236352 213508 -1874 -22123 7622299 7445607 7584157 7429588 38142 16019 CAPC SUPPORTIVE NEEDS HOUSING, INC. PROVIDES QUALITY, AFFORDABLE, AND SUPPORTIVE HOUSING IN UNION COUNTY, NEW JERSEY TO LOW AND MODERATE INCOME PERSONS AND FAMILIES. 0 0 211438 26840 CAPC SUPPORTIVE NEEDS HOUSING, INC. PROVIDES QUALITY, AFFORDABLE, AND SUPPORTIVE HOUSING IN UNION COUNTY, NEW JERSEY TO LOW AND MODERATE INCOME PERSONS AND FAMILIES. IN PARTNERSHIP WITH A LOCAL SUPPORTIVE SERVICE AGENCY, CAPC SUPPORTIVE NEEDS HOUSING, INC. OWNS AND OPERATES NEARLY 46 OF HOUSING THAT SERVE A VARIETY OF LOW-INCOME INDIVIDUALS AND FAMILIES DESPERATELY IN NEED OF HOUSING AND OTHER SUPPORT TO IMPROVE THEIR LIVES. THE MAJORITY OF TENANTS ARE CONSIDERED VERY LOW-INCOME AND HAVE THE ABILITY TO PERMANENTLY STAY IN THEIR UNITS LONG-TERM. 211438 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 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 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 0 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ X X STEVEN KACZYNSKI 7326402061 100 ALBANY STREET SUITE 250 NEW BRUNSWICK NJ 08901 DANIELLE ROSEN BOARD VICE CHAIR 1.00 49.00 X X 0 110011 3569 STEVEN KACZYNSKI BOARD TREASURER 1.00 49.00 X X 0 136989 41208 BERNEL HALL PRESIDENT AND CEO 1.00 49.00 X X 0 307428 24205 RYAN JOHNSON BOARD CHAIR 1.00 49.00 X X 0 189590 37061 0 744018 106043 0 0 1 0 E AND P RESOURCES LLC 537 RUTHERFORD AVENUE TRENTON NJ 08618 CONSTRUCTION SERVICES 178185 1 164545 164545 REAL ESTATE DEVELOPMEN 531390 46933 46933 46933 338467 358560 -20093 -20093 -20093 191385 26840 0 0 30652 30345 307 17564 17388 176 5884 5884 1677 1660 17 738 738 156993 155423 1570 213508 211438 2070 0 77019 7584282 530669 7320682 7053613 301617 314975 7622299 7445607 75589 36745 6082808 5835873 1425760 1556970 7584157 7429588 X 38142 16019 38142 16019 7622299 7445607 -22123 0 X 0 1 X 1 0 X 481400 0 27919 164545 673864 481400 27919 164545 673864 673864 673864 1736550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1473051 1473051 6098950 525665 5573285 12281 5004 7277 7053613 INTERCOMPANY PAYABLES 1322446 FUNDS HELD IN TRUST 234524 1556970 X PART X, LINE 2: FIN 48 (ASC 740) ACCOUNTING FOR UNCERTAIN TAX POSITIONS NEW JERSEY COMMUNITY CAPITAL ("NJCC") IS THE REGISTERED TRADE NAME UTILIZED BY COMMUNITY LOAN FUND OF NEW JERSEY, INC. ("CLFNJ") AND ITS SUBSIDIARIES. THE FILING ORGANIZATION, CAPC SUPPORTIVE NEEDS HOUSING, INC. ("CAPCSNH"), IS INCLUDED IN THE NJCC CONSOLIDATED FINANCIAL STATEMENTS, WHICH INCLUDES THE FOLLOWING ASC 740 (FIN 48). FOOTNOTE: CLFNJ, LENDING PARTNERS, CAPC SUPPORTIVE NEEDS HOUSING, INC., MILLS MEMORIAL SOCIAL SERVICES BUILDING, INC., UWNNJ MONTCLAIR LLC AND CAPC ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501 (C)(3) OF THE CODE. AS NONPROFIT ENTITIES, THEY ARE ALSO EXEMPT FROM NEW JERSEY CORPORATE INCOME TAXES. NJCC RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN 50% LIKELY TO BE REALIZED UPON SETTLEMENT. CHANGES IN MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. NJCC DID NOT RECOGNIZE THE EFFECT OF ANY INCOME TAX POSITIONS IN EITHER 2023 OR 2022. 1 0 0 0 0 0 0 0 0 BERNEL HALL PRESIDENT AND CEO 0 307428 0 0 0 0 0 0 0 24205 0 331633 0 0 RYAN JOHNSON BOARD CHAIR 0 189590 0 0 0 0 0 5775 0 31286 0 226651 0 0 STEVEN KACZYNSKI BOARD TREASURER 0 136989 0 0 0 0 0 4335 0 36873 0 178197 0 0 SCHEDULE J, PART I, LINE 3: COMPENSATION OF ORGANIZATION'S CEO/EXECUTIVE DIRECTOR THE FILING ORGANIZATION DOES NOT HAVE AND/OR COMPENSATE ITS OWN CEO/EXECUTIVE DIRECTOR. INDIVIDUALS LISTED ON PART VII AS OFFICERS OF THE CORPORATION ARE EMPLOYEES OF A RELATED ORGANIZATION AND COMPENSATED THROUGH THE RESPECTIVE RELATED ORGANIZATION. THE METHOD USED BY THE RELATED ORGANIZATION FOR DETERMINING COMPENSATION FOR THESE INDIVIDUALS ARE: - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD - APPROVAL BY THE COMPENSATION COMMITTEE SCHEDULE J, PART I, LINE 4A: THE FORMER PRESIDENT RECEIVED A SEVERANCE PACKAGE FROM ITS RELATED ORGANIZATION CLF. A TOTAL OF $122,500 WAS EXPENSED BY CLF, OF WHICH $61,248 WAS PAID IN FY22 AND $61,248 WAS PAID IN FY23. FORM 990, PART VI, SECTION A, LINE 6 COMMUNITY ASSET PRESERVATION CORPORATION ("CAPC") IS THE SOLE MEMBER OF CAPC SUPPORTIVE NEEDS HOUSING, INC. ("CAPCSNH"). FORM 990, PART VI, SECTION A, LINE 7A AS THE SOLE MEMBER OF CAPCSNH, CAPC HAS THE POWER TO APPOINT THE BOARD MEMBERS OF CAPCSNH. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW THE FORM 990 IS PREPARED BY A TAX PREPARER AND THE RETURN IS REVIEWED BY THE FINANCE DEPARTMENT AND THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST REVIEW THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY COVERING BOARD OF DIRECTORS AND STAFF. STAFF AND BOARD MEMBERS ARE PROVIDED WITH A CONFLICT OF INTEREST POLICY STATEMENT PROVIDING GENERAL DIRECTION AS TO THE ORGANIZATION'S EXPECTATIONS OF APPROPRIATE BEHAVIOR. BOARD DIRECTORS AND STAFF ARE REQUIRED TO CONSULT WITH THEIR SUPERIORS WHENEVER THEY HAVE ANY QUESTION AS TO WHETHER A PARTICULAR CIRCUMSTANCE MAY PLACE THEM IN A CONFLICT OF INTEREST. IF A CONFLICT OF INTEREST EXISTS, THE INTERESTED PERSON WILL BE GIVEN THE OPPORTUNITY TO DISCLOSE THE MATERIAL FACTS TO HIS SUPERIORS ON THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE ORGANIZATION SHALL DETERMINE WHETHER IT CAN DETERMINE WITH REASONABLE EFFORT A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT THAT WILL NOT PRODUCE A CONFLICT OF INTEREST. THE INTERESTED PERSON SHALL NOT BE PRESENT IN THE ROOM DURING THE DETERMINATION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW THE REPORTING ORGANIZATION DOES NOT PAY THE SALARY AND BENEFITS OF ITS PRESIDENT. THE PRESIDENT RECEIVED HIS COMPENSATION FROM THE ORGANIZATION'S PARENT ORGANIZATION, COMMUNITY LOAN FUND OF NEW JERSEY, FOR SERVICES RENDERED TO THE REPORTING ORGANIZATION. THE PARENT ORGANIZATION THEN ALLOCATES SALARIES AND BENEFITS TO THE REPORTING ORGANIZATION BASED ON THE AMOUNT OF TIME THE EXECUTIVE PROGRAM MANAGEMENT, FINANCE AND RESOURCE DEVELOPMENT STAFF SPENT ON THE REPORTING ORGANIZATION. IN DETERMINING THE COMPENSATION OF THE PRESIDENT, INDEPENDENT MEMBERS OF THE PARENT ORGANIZATION'S BOARD OF DIRECTORS USE COMPARABLE, OBJECTIVE DATA, INCLUDING, BUT NOT LIMITED TO, SECTOR SURVEYS, GEOGRAPHIC SALARY SURVEYS, AND OTHER BENCHMARKS. THE BOARD'S DETERMINATION IS MEMORIALIZED CONTEMPORANEOUSLY IN A COMMUNICATION MAINTAINED BY THE BOARD VICE CHAIR. COMPENSATION OF THE DIRECTOR OF REAL ESTATE AND STAFF OF THE REPORTING ORGANIZATION IS DETERMINED BY THE PRESIDENT AND HUMAN RESOURCES USING COMPENSATION DATA FROM SIMILAR ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENT AVAILABILITY THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. 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