2025-02-18T18:53:16-06:00 2024-05-31 221478099 COHNREZNICK LLP 14 SYLVAN WAY PARSIPPANY NJ 070543801 990 2023-06-01 884291118 CHS CHARITABLE FOUNDATION INC CHSC 6096956274 635 SOUTH CLINTON AVENUE TRENTON NJ 08611 BRUNO CELLUCCI CFO 6096956274 2025-02-17 1 1 LAURA KIELCZEWSKI P00740769 9732283500 2025-02-13 2023 2025-03-06 01:10:19Z DONNA PRESSMA 635 SOUTH CLINTON AVENUE TRENTON NJ 08611 186000 0 X N/A X 2022 NJ TO SUPPORT THE CONSTRUCTION OF AN EARLY HEAD START CHILD DEVELOPMENT CENTER IN HAMILTON, NJ AND THE RENOVATION OF THE CHILDREN'S HOME SOCIETY OF NEW JERSEY'S HEADQUARTERS IN TRENTON, NJ 6 4 0 0 0 0 2733710 0 88323 186000 0 0 0 0 2822033 186000 158123 0 0 0 0 0 0 0 0 193197 600172 351320 600172 2470713 -414172 12931949 12591319 10461236 10534778 2470713 2056541 X THE CHS CHARITABLE FOUNDATION, INC. WAS ESTABLISHED TO SUPPORT THE CONSTRUCTION OF AN EARLY HEAD START CHILD DEVELOPMENT CENTER IN HAMILTON, NEW JERSEY, AND THE RENOVATION OF THE CHILDREN'S HOME SOCIETY OF NEW JERSEY'S HEADQUARTERS IN TRENTON, NEW JERSEY. THE FOUNDATION WILL LEASE THE COMPLETED FACILITIES TO THE CHILDREN'S HOME SOCIETY. THIS PROJECT IS FINANCED THROUGH THE NEW MARKETS TAX CREDIT (NMTC) PROGRAM, WHICH IS A FEDERAL TAX CREDIT INITIATIVE DESIGNED TO ENCOURAGE INVESTMENT IN LOW-INCOME COMMUNITIES. 0 0 600172 186000 THE CHS CHARITABLE FOUNDATION, INC. BENEFITS, FINANCIALLY AND/OR OPERATIONALLY, THE DEVELOPMENT OF AN EARLY HEAD START CHILD DEVELOPMENT CENTER IN HAMILTON, NEW JERSEY, AND THE RENOVATION OF THE CHILDREN'S HOME SOCIETY OF NEW JERSEY'S HEADQUARTERS IN TRENTON, NEW JERSEY. 600172 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 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 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 4 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ X BRUNO CELLUCCI CFO 6096956274 635 SOUTH CLINTON AVENUE TRENTON NJ 08611 DONNA C PRESSMA PRESIDENT 1.00 60.00 X X 0 304188 20618 BRUNO CELLUCCI SECRETARY & TREASURER 1.00 55.00 X X 0 159472 30907 JAMES SHEA TRUSTEE 1.00 2.00 X 0 0 0 ALAN ZULICK TRUSTEE 1.00 X 0 0 0 WILLIAM SHEEHY TRUSTEE 1.00 X 0 0 0 PETER GUZZO TRUSTEE 1.00 X 0 0 0 0 463660 51525 0 0 1 0 0 RENTAL INCOME 531120 186000 186000 186000 186000 186000 0 0 50000 50000 673 673 149971 149971 399528 399528 600172 600172 0 0 428333 430564 65000 31000 12510774 412789 12406846 12097985 31770 31770 12931949 12591319 10461236 10534778 10461236 10534778 X 2470713 2056541 2470713 2056541 12931949 12591319 -414172 0 X 0 1 X 1 1 1 X X 1 THE CHILDRENS HOME SOCIETY OF NEW JERSEY 210634966 10 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 X 1 1 PART IV, SECTION E, LINE 2A CHS CHARITABLE FOUNDATION WILL PARTICIPATE IN A NEW MARKETS TAX CREDIT (NMTC) TRANSACTION TO ALLOW CHILDREN'S HOME SOCIETY OF NEW JERSEY (CHS OF NJ) TO FINANCE THE CONSTRUCTION OF EARLY HEAD START CHILD DEVELOPMENT CENTERS LOCATED AT 1435 LIBERTY STREET IN HAMILTON, NJ AND 635 SOUTH CLINTON STREET IN TRENTON, NJ. WITHOUT CHS CHARITABLE FOUNDATION'S PARTICIPATION, CHS OF NJ, AS THE SUPPORTED ORGANIZATION, WOULD NOT BE ABLE TO PARTICIPATE IN NMTC FINANCING OF THE PROJECT AND WOULD FINANCE THE DEBT INCURRED BY THE CONSTRUCTION THROUGH MEANS THAT ARE LESS BENEFICIAL TO THE SUPPORTED ORGANIZATION. PART IV, SECTION E, LINE 2B CHS CHARITABLE FOUNDATION HOLDS AND MANAGES THE ASSETS AND WILL LEASE THE COMPLETED PROJECT TO THE SUPPORTED ORGANIZATION. 131300 131300 12379474 412789 11966685 12097985 X PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SOCIETY AND HAS CONCLUDED THAT, AS OF MAY 31, 2024, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR ASSET OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE SOCIETY'S FEDERAL AND STATE INCOME TAX RETURNS PRIOR TO FISCAL YEAR 2021 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. THE SOCIETY'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. 0 0 0 0 0 0 0 0 0 DONNA C PRESSMA PRESIDENT 0 304188 0 0 0 0 0 6084 0 14534 0 324806 0 0 BRUNO CELLUCCI SECRETARY & TREASURER 0 159472 0 0 0 0 0 3189 0 27718 0 190379 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE TRUSTEES ARE THE MEMBERS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A CHILDREN'S HOME SOCIETY OF NEW JERSEY (CHS OF NJ), THE ORGANIZATION'S SUPPORTING ORGANIZATION, SHALL APPOINT FOUR OF THE BOARD MEMBERS, THREE OF THE APPOINTED TRUSTEES MUST BE AN EMPLOYEE, OFFICER OR BOARD MEMBER OF THE SUPPORTING ORGANIZATION AT THE TIME OF APPOINTMENT. FORM 990, PART VI, SECTION A, LINE 7B ALL DECISIONS BY THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE GOVERNING BODY OF THE ORGANIZATION WAS PROVIDED A COPY OF FORM 990 TO REVIEW PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST QUESTIONNAIRE IS SENT TO THE BOARD OF DIRECTORS ANNUALLY AND A REPORT OF THE FINDINGS IS SHARED WITH THE FULL BOARD. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST TO THE CEO AND PRESIDENT, THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE CHILDREN'S HOME SOCIETY OF NEW JERSEY 635 SOUTH CLINTON AVENUE TRENTON NJ 08611 210634966 CHILD WELFARE AND HEAD START NJ 501(C)(3) LINE 7 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0