2025-03-07T16:20:12-06:00 2024-08-31 410746749 CLIFTONLARSONALLEN LLP 293 EISENHOWER PARKWAY 2ND FLOOR LIVINGSTON NJ 07039 990 2023-09-01 222938952 NORWESCAP HOLDING COMPANY INC NORW 9084547000 350 MARSHALL STREET PHILLIPSBURG NJ 08865 MARK VALLI CHIEF EXECUTIVE OFFICER 9084547000 2025-03-06 1 1 BRIDGET HARTNETT P01429163 9739949494 2025-03-06 2023 2025-03-06 01:10:19Z MARK VALLI 350 MARSHALL STREET PHILLIPSBURG NJ 08865 0 0 X WWW.NORWESCAP.ORG X 1989 NJ NORWESCAP HOLDING COMPANY HOLDS TITLE TO REAL ESTATE FOR NORWESCAP, A 501 (C)(3) CORPORATION. 4 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 49564 49564 49564 49564 -49564 -49564 653582 604018 82900 82900 570682 521118 NORWESCAP HOLDING COMPANY HOLDS TITLE TO REAL ESTATE FOR NORWESCAP, A 501(C)(3) CORPORATION. 0 0 49564 NORWESCAP HOLDING COMPANY HOLDS TITLE TO REAL ESTATE FOR NORWESCAP, A 501 (C)(3) CORPORATION AT 350 MARSHALL STREET, PHILLIPSBURG, NJ AND 406 WILLIS AVENUE, STANHOPE, NJ. 49564 0 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 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 9084547000 350 MARSHALL STREET PHILLIPSBURG NJ 08865 RICHARD CONLEY VICE CHAIR 1.00 4.00 X X 0 0 0 ELYCIA LERMAN BOARD TREASURER 1.00 4.00 X X 0 0 0 JAMES BUEHLER BOARD SECRETARY 1.00 4.00 X X 0 0 0 AILEEN ARSENAULT BOARD CHAIR 1.00 4.00 X X 0 0 0 EDMUND KHANOO CHIEF FINANCIAL OFFICER 1.00 39.00 X 0 181423 14226 MARK VALLI CHIEF EXECUTIVE OFFICER 1.00 39.00 X 0 190544 32965 0 371967 47191 0 0 1 0 0 0 0 0 0 49564 49564 49564 49564 0 0 1500009 895991 653582 604018 653582 604018 82900 82900 82900 82900 X 570682 521118 570682 521118 653582 604018 -49564 0 X X 0 1 X 1 0 1500009 895991 604018 604018 OTHER LIABLITY 82900 82900 X PART X, LINE 2: NORWESCAP HOLDING COMPANY IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(2) OF THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAX HAS BEEN PRESENTED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. NORWESCAP HOLDING COMPANY FOLLOWS THE PROVISIONS OF FASB ASC, INCOME TAXES. THE STANDARD PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION RELATED TO THOSE TAX POSITIONS. NORWESCAP HOLDING COMPANY DOES NOT EXPECT A SIGNIFICANT INCREASE OR DECREASE TO THE TOTAL AMOUNTS OF UNRECOGNIZED TAX POSITIONS DURING THE YEAR ENDED AUGUST 31, 2024, HOWEVER, NORWESCAP HOLDING COMPANY IS SUBJECT TO AUDIT BY TAX AUTHORITIES, INCLUDING A REVIEW OF ITS NONPROFIT STATUS WHICH MANAGEMENT BELIEVES WOULD BE UPHELD UPON EXAMINATION. NORWESCAP HOLDING COMPANY BELIEVES THAT THEY HAVE APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS TAX RETURNS. NONETHELESS, THE AMOUNTS ULTIMATELY PAID, IF ANY, UPON RESOLUTION OF THE ISSUES RAISED BY THE TAXING AUTHORITIES MAY DIFFER MATERIALLY FROM THE AMOUNTS ACCRUED FOR EACH YEAR INTEREST AND PENALTIES, IF INCURRED, WOULD BE RECOGNIZED AS AN ADMINISTRATIVE EXPENSE ON THE STATEMENT OF ACTIVITIES. AS REQUIRED BY LAW, THE NORWESCAP HOLDING COMPANY FILES AN INFORMATIONAL RETURN WITH THE FEDERAL GOVERNMENT ON AN ANNUAL BASIS - FORM 990 WITH THE INTERNAL REVENUE SERVICE. X 0 0 0 MARK VALLI CHIEF EXECUTIVE OFFICER 0 190544 0 0 0 0 0 5519 0 27446 0 223509 0 0 EDMUND KHANOO CHIEF FINANCIAL OFFICER 0 181423 0 0 0 0 0 4680 0 9546 0 195649 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE MANAGEMENT OF NORWESCAP HOLDING COMPANY HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE IRS FORM 990 IS CIRCULATED AMONG THE BOARD MEMBERS FOR REVIEW AND COMMENT PRIOR TO FILING. THE GOVERNING BODY IS PROVIDED WITH ONE WEEK TO REVIEW THE PREPARED FORM 990 AND PROVIDE ANY COMMENTS OR QUESTIONS. ANY QUESTIONS OR COMMENTS ARE BROUGHT TO THE ATTENTION OF MANAGEMENT FOR RESOLTUION BEFORE THE FORM IS FILED. EACH ISSUE RAISED BY THE GOVERNING BODY IS DOCUMENTED AND ADDRESSED BY MANAGEMENT AND A FINALIZED RETURN IS PROVIDED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C NORWESCAP HOLDING COMPANY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT ANNUALLY MONITORS AND ENFORCES. THE BOARD CURRENTLY MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND NORWESCAP HOLDING COMPANY DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICT THAT MAY EXIST. THE SIGNED CONFLICT OF INTEREST POLICY IS SUBMITTED TO THE CORPORATE COMPLIANCE OFFICER WHO REVIEWS THE SIGNED ATTESTATIONS FOR POTENTIAL OR ACTUAL CONFLICTS. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, THE CORPORATE COMPLIANCE OFFICER WILL NOTIFY THE MEMBER OF MANAGEMENT OR GOVENING BODY ABOUT SUCH CONFLICT AND INVESTIGATE THE CONFLICT. THE RESULT OF THE INVESTIGATION WILL BE SUMMARIZED AND DOCUMENTED BY THE CORPORATE COMPLIANCE OFFICER AND REPORTED TO THE GOVERNING BODY. IF THE CORPORATE COMPLIANCE OFFICER ESTABLISHES THAT AN ACUAL CONFLICT EXISTS, THE MEMBER OF MANAGEMENT OR THE GOVERNING BODY WILL BE NOTIFIED AND WILL NOT BE ALLOWED TO VOTE OR BE A PARTY OF ANY DECISIONS ABOUT SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THERE IS NO LONGER A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES, AN INDEPENDENT BODY. FORM 990, PART VI, SECTION C, LINE 18 THE MANAGEMENT OF NORWESCAP HOLDING COMPANY INC MAINTAINS COPIES OF ITS IRS FORM 990 AND FORM 1023 ON FILE AT ITS OFFICE IN PHILLIPSBURG, NEW JERSEY. THESE DOCUMENTS ARE MADE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST IN ACCORDANCE WITH THEIR GOVERNING BODY REGULATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE MANAGEMENT OF NORWESCAP HOLDING COMPANY INC MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE UPON WRITTEN REQUEST AT THE ORGANIZATION'S OFFICE AT 350 MARSHALL STREET, PHILLIPSBURG, NJ. IN ADDITION, FORM 1023 AS WELL AS THE FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST AT THE ORGANIZATION'S OFFICE AT 350 MARSHALL STREET, PHILLIPSBURG, NJ. FORM 990, PART XII, LINE 2C: THE OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. NORTHWEST NEW JERSEY COMMUNITY ACTION PROGRAM INC (NORWESCAP) 350 MARSHALL STREET PHILLIPSBURG PA 08865 221777156 CHILD DEVELOPMENT NJ 501(C)(3) EXEMPT N/A 0 NORTHWEST NEW JERSEY ECHO HOUSING CORPORATION 350 MARSHALL STREET PHILLIPSBURG PA 08865 223385826 PROVIDE HOUSING TO QUALIFIED ELDERLY PERSONS NJ 501(C)(3) EXEMPT N/A 0 SUSSEX SENIORS URBAN RENEWAL 350 MARSHALL STREET PHILLIPSBURG PA 08865 223268259 PROVIDE HOUSING TO QUALIFIED ELDERLY PERSONS NJ 501(C)(3) EXEMPT N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0