2025-05-14T13:04:04-05:00 2024-06-30 221914888 NISIVOCCIA LLP 200 VALLEY RD SUITE 300 MT ARLINGTON NJ 07856 990 2023-07-01 222813769 ARC HOUSING OF SOMERSET INC ARCH 9087258544 141 SOUTH MAIN STREET MANVILLE NJ 08835 CHRISTOPHER CORVINO EXECUTIVE DIRECTOR 9087258544 2025-05-14 1 0 ANTHONY RISPOLI P02467381 9733281825 2025-05-09 2023 2025-03-06 01:10:19Z CHRISTOPHER CORVINO 141 SOUTH MAIN STREET MANVILLE NJ 08835 270341 0 X THEARCOFSOMERSET.ORG X 1972 NJ TO PROVIDE AFFORDABLE, COMMUNITY BASED, SUPPORTED HOUSING TO INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. 6 4 0 4 0 0 184884 195308 64732 74865 134 168 0 0 249750 270341 0 0 0 0 43273 31846 0 0 0 181003 205120 224276 236966 25474 33375 451207 482204 739598 737220 -288391 -255016 TO PROVIDE AFFORDABLE, COMMUNITY BASED, SUPPORTED HOUSING TO INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. 0 0 206295 74865 RESIDENTIAL SERVICES - RESIDENTIAL PROPERTY LOCATED IN BRIDGEWATER, NEW JERSEY CONSISTING OF FOUR TWO-BEDROOM APARTMENTS AND SIX ONE-BEDROOM APARTMENTS. 206295 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 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 0 0 0 0 0 0 0 0 0 0 X 6 4 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 NJ X X CHRISTOPHER CORVINO 9087258544 141 SOUTH MAIN STREET MANVILLE NJ 08835 TOM APPLEGATE PRESIDENT 1.00 2.00 X X 0 0 0 DONNA PASEK VICE PRESIDENT 1.00 2.00 X X 0 0 0 MARK MCDONOUGH TREASURER 1.00 2.00 X X 0 0 0 JOHN ZAJAC SECRETARY 1.00 2.00 X X 0 0 0 SANDEE MILLER ASSOCIATE EXECUTIVE DIRECT 1.00 2.00 X 0 98087 40573 CHRISTOPHER CORVINO EXECUTIVE DIRECTOR 1.00 2.00 X 0 150544 8906 0 248631 49479 0 0 1 0 0 195308 195308 RENT REVENUE 624100 74865 74865 74865 168 168 270341 74865 0 168 19416 19416 8934 2590 6344 3496 1014 2482 14000 14000 11902 11902 119870 119870 48171 48171 6865 6865 3421 992 2429 MISCELLANEOUS EXPENSES 891 891 236966 206295 30671 0 30862 31054 318782 361901 7301 1851 240 240 1336299 1249141 94022 87158 451207 482204 13130 24958 180 180 545026 506492 181262 205590 739598 737220 X -288391 -255016 -288391 -255016 451207 482204 33375 0 X X 0 1 X 1 0 X 191745 165306 177699 184884 195308 914942 191745 165306 177699 184884 195308 914942 914942 577 263 208 134 168 1350 916292 310503 0.99850 0.99790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10000 10000 1302838 1225680 77158 23461 23461 0 87158 TENANT SECURITY DEPOSITS 3048 PAYABLE TO THE ARC OF SOMERSET 202542 205590 X 270341 0 270341 0 270341 236966 0 236966 0 236966 PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR-PROFIT CORPORATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. THE ORGANIZATION IS ALSO EXEMPT UNDER TITLE 15 OF THE STATE OF NEW JERSEY, CORPORATIONS AND ORGANIZATIONS NOT-FOR-PROFIT ACT. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAX HAS BEEN PRESENTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION 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 FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION AS THEY RELATE TO THOSE TAX POSITIONS. THE ORGANIZATION DOES NOT EXPECT A SIGNIFICANT INCREASE OR DECREASE TO THE TOTAL AMOUNTS OF UNRECOGNIZED TAX POSITIONS DURING THE YEAR ENDED JUNE 30, 2024. HOWEVER, THE ORGANIZATION IS SUBJECT TO AUDIT BY TAX AUTHORITIES, INCLUDING A REVIEW OF ITS NONPROFIT STATUS WHICH MANAGEMENT BELIEVES WOULD BE UPHELD UPON EXAMINATION. THE ORGANIZATION BELIEVES THAT IT HAS 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. AS REQUIRED BY LAW, THE ORGANIZATION FILES INFORMATIONAL RETURNS WITH BOTH THE FEDERAL AND NEW JERSEY STATE GOVERNMENTS ON AN ANNUAL BASIS - FORM 990 WITH THE INTERNAL REVENUE SERVICE, AND FORM CRI-300R WITH THE STATE. THESE RETURNS ARE SUBJECT TO EXAMINATION BY THESE AUTHORITIES WITHIN CERTAIN STATUTORILY DEFINED PERIODS FOR FEDERAL AND FOR NEW JERSEY. X X 0 0 0 0 0 0 0 0 0 CHRISTOPHER CORVINO EXECUTIVE DIRECTOR 0 150544 0 0 0 0 0 2877 0 6029 0 159450 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS NO COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B ARC HOUSING OF SOMERSET INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS PROVIDED TO THE MEMBERS OF THE ORGANIZATIONS GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH A REASONABLE AMOUNT OF TIME TO REVIEW THE FORM 990. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED THROUGH MANAGEMENT TO THE OUTSIDE ACCOUNTING FIRM. ANY APPLICABLE ISSUES ARE ADDRESSED PRIOR TO THE RETURN BEING FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C ARC HOUSING OF SOMERSET INC. CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT REGULARLY MONITORS AND ENFORCES. THE BOARD MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, GOVERNING BODY AND MANAGEMENT WILL INVESTIGATE THE ISSUE. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST MANAGEMENT AND THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY. THE MEMBER WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THAT THERE IS NO LONGER A CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 ARC HOUSING OF SOMERSET INC. MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT 141 SOUTH MAIN STREET, MANVILLE, NJ 08835. IN ADDITION FORM 1023 AS WELL AS THE FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT 141 SOUTH MAIN STREET, MANVILLE, NJ 08835. FORM 990, PART XII, LINE 2C NO CHANGE FROM THE PRIOR YEAR. THE ARC OF SOMERSET COUNTY INC 141 SOUTH MAIN STREET MANVILLE NJ 08835 221968555 DEV. ASSIST. NJ 501(C)(3) LINE 7 0 SOMERSET ARC APARTMENTS INC 141 SOUTH MAIN STREET MANVILLE NJ 08835 222537989 HOUSING NJ 501(C)(3) LINE 7 1 ARC FOUNDATION OF SOMERSET COUNTY 141 SOUTH MAIN STREET MANVILLE NJ 08835 300205474 FUNDRAISING NJ 501(C)(3) LINE 7 1 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 THE ARC OF SOMERSET COUNTY INC E 202542 THE ARC OF SOMERSET COUNTY INC O 23681