2024-05-13T07:57:27-05:00 2023-06-30 823207560 BURNS DRAEGER & HUMPHRIES LLC 25B HANOVER ROAD SUITE 150 FLORHAM PARK NJ 079321410 990 2022-07-01 221823795 THE RIESE CORPORATION RIES 9732790964 225 20TH AVENUE PATERSON NJ 075013757 JOSEPH A PUSKAS TREASURER 9737900288 2024-05-06 1 JOSEPH PUSKAS 999009999 0 NEIL E BURNS CPA P00133451 9733770211 2024-05-06 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z REV MARC A MANCINI 32 ST JAMES PLACE TOTOWA NJ 07512 41144337 0 X N/A X 1963 NJ THE CORPORATION OWNS AND MANAGES TWO 159 UNIT APARTMENT PROJECTS FOR THE ELDERLY LOCATED IN PATERSON, NJ. THE PROJECTS ARE OPERATED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND REGULATED BY U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. 12 12 11 0 0 0 0 0 4036180 3417971 2446 30632223 45000 24161 4083626 34074355 0 0 0 0 632390 586726 0 0 0 2657242 2505696 3289632 3092422 793994 30981933 6597958 38096252 1286013 1802374 5311945 36293878 TO PROVIDE LOW-INCOME SENIOR CITIZENS AND HANDICAPPED HOUSING. THE RIESE COPORATION INC PROVIDES 318 UNITS. 0 0 2828678 3442132 TO PROVIDE LOW INCOME SENIOR CITIZEN HOUSING. THE PROJECTS HAVE 318 UNITS. 2828678 0 0 0 0 0 0 0 0 0 0 0 0 1 0 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 0 1 0 0 1 21 0 1 11 1 0 0 0 0 0 0 0 0 0 0 X 12 12 0 1 0 0 1 1 1 1 1 0 0 1 1 0 0 0 0 0 1 0 X CORPORATION 9732790964 211 20TH AVENUE PATERSON NJ 07509 X REV MARC A MANCIN PRESIDENT 10.00 X X 0 0 0 REV MSGR HERBERT K TILLYER DIRECTOR 1.00 X X 0 0 0 DEACON JOSEPH A PUSKAS TREASURER 5.00 X X 0 0 0 JOSEPH DUFFY SECRETARY 1.00 X X 0 0 0 ANDREW F MCBRIDE III ESQ DIRECTOR 1.00 X 0 0 0 DEACON PETER CISTARO VICE PRESIDENT 1.00 X X 0 0 0 RICHARD WARD DIRECTOR 1.00 X 0 0 0 THOMAS BURNS DIRECTOR 1.00 X 0 0 0 DENNIS P BUTLER DIRECTOR 1.00 X 0 0 0 LYNN E GAFFNEY DIRECTOR 1.00 X 0 0 0 PATRICK MURRAY DIRECTOR 1.00 X 0 0 0 SR MAUREEN SHAUGHNESSY SC DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 RAYMOND P MARZULLI COMPANY INC 264 BELLEVILLE AVENUE BLOOMFIELD NJ 07003 BUILDING MANAGEMENT AND ACCOUNTING SERVI 185360 1 RENTAL INCOME 531110 3417971 3417971 3417971 2205 2205 37700000 7069982 30630018 30630018 30630018 MISCELLANEOUS INCOME 531110 15968 15968 LAUNDRY INCOME 531110 8193 8193 24161 34074355 3442132 0 30632223 470203 470203 5179 5179 72045 72045 39299 39299 167360 167360 7813 7813 30000 30000 25746 25746 1733521 1733521 271137 271137 206299 206299 MISCELLANEOUS EXPENSE 40571 40571 COMPUTER SERVICES 18000 18000 MISCELLANEOUS TAXES & L 5249 5249 3092422 2828678 263744 0 776438 255542 2033486 3400 92046 111338 343563 25972 0 0 2616122 0 533908 0 202395 37700000 6597958 38096252 1052908 792374 61778 0 1010000 171327 0 1286013 1802374 X 5311945 36293878 5311945 36293878 6597958 38096252 30981933 0 X 0 1 X 0 1 1 0 MORTGAGES RECEIVABLE 37700000 37700000 X 34074355 0 34074355 0 34074355 0 0 0 0 0 PART X, LINE 2: ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE PROJECT HAD NO UNCERTAIN TAX POSITIONS THAT REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE PROJECT IS NO LONGER SUBJECT TO EXAMINATION BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2021. FORM 990, PART VI, SECTION A, LINE 3 THE DAY TO DAY OPERATION OF THE PROJECTS IS CONTRACTED TO THE RAYMOND P. MARZULLI COMPANY, INC., A PROFESSIONAL REAL ESTATE MANAGEMENT COMPANY. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE CORPORATION MAY BE ANY CITIZEN OF THE UNITED STATE OF MAJORITY AGE, INTERESTED IN THE EXTENSION OF THE OBJECTIVES OF THE CORPORATION, WHO HAS DULY EXECUTED AND FILED AN APPLICATION FOR MEMBERSHIP WHICH HAS BEEN APPROVED BY MAJORITY VOTE OF THE BOARD OF DIRECTORS, SHALL BE CONSIDERED A VOTING MEMBER OF THE GENERAL MEMBERSHIP OF THE CORPORATION. NO MEMBER SHALL HAVE THE RIGHT TO MORE THAN ONE VOTE ON ANY ISSUED, MOTION OR RESOLUTION AT ANY GENERAL, ANNUAL OR SPECIAL MEETING. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ARE APPOINTED BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B DISTRIBUTIONS FROM THE REPAIRS AND REPLACEMENT RESERVE MUST BE APPROVED BY HUD. FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT AND TREASURER RECEIVE A HARD COPY OF THE FORM 990 AND REVIEW IT BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 15B MANAGING FEES PAID TO THE MANAGING AGENT ARE DETERMINED IN ACCORDANCE WITH HUD REGULATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AT THE OFFICES OF THE CORPORATION. THE RIESE PROJECTS INC 211 20TH AVENUE PATERSON NJ 07501 237311149 LOW INCOME HOUSING NJ 501(C)4 N/A 0 THE RIESE ST GERARD HOUSING CORP 505 WEST BROADWAY PATERSON NJ 07522 227311149 LOW INCOME HOUSING NJ 501(C)3 7 N/A 0 RIESE MADISON PARK INC 70 DEY STREET PATERSON NJ 07503 222125691 LOW INCOME HOUSING NJ 501(C)3 7 N/A 0 THE RIESE ST MARY'S COPORATION 200 PENNINGTON AVENUE PASSAIC NJ 07055 222299252 LOW INCOME HOUSING NJ 501(C)3 7 N/A 0 MARTIN DE PORRES VILLAGE INC 1 GREEN STREET PATERSON NJ 07051 222335549 LOW INCOME HOUSING NJ 501(C)3 7 N/A 0 RIESE EAST URBAN RENEWAL CORPORATION 225 20TH AVENUE PATERSON NJ 07501 854073771 LOW INCOME HOUSING NJ 501(C)4 N/A 0 RIESE WEST URBAN RENEWAL CORPORATION 195 20TH AVENUE PATERSON NJ 07501 871762348 LOW INCOME HOUSING NJ 501(C)4 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0