Form 990 for tax year 2023
Filed by VILLAGE APARTMENTS OF CHERRY HILL NJ INC.
Totals
- Total revenue
- $2,185,191
- Total expenses
- $2,077,151
- Contributions and grants received
- $1,682,215
- Grants paid
- $0
- Program service revenue
- $479,111
- Investment income
- $12,314
- Other revenue
- $11,551
- Total assets, end of year
- $3,133,326
- Total liabilities, end of year
- $5,894,832
- Net assets or fund balances, end of year
- -$2,761,506
- Program services expenses (Part IX)
- $1,903,941
- Management and general expenses
- $173,210
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,903,941
Program services were 91.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$1,682,215
-
2a · Program service revenue: APARTMENT RENTALS
total $479,111 · related or exempt $479,111
-
3 · Investment income
total $12,314 · excluded $12,314
-
11a · Other revenue: LAUNDRY AND VENDING
total $5,469 · excluded $5,469
-
11d · All other revenue
total $6,082 · related or exempt $6,082
-
11e · Other revenue, total
$11,551
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $116,320 · management and general $116,320
-
11b · Fees: legal
total $484 · program services $484
-
11c · Fees: accounting
total $56,648 · management and general $56,648
-
11g · Fees: other
total $774,637 · program services $774,637
-
13 · Office expenses
total $44,001 · program services $44,001
-
16 · Occupancy
total $320,185 · program services $320,185
-
19 · Conferences, conventions and meetings
total $3,337 · program services $3,337
-
20 · Interest
total $152,623 · program services $152,623
-
22 · Depreciation, depletion and amortization
total $306,941 · program services $306,941
-
23 · Insurance
total $24,240 · program services $24,240
-
24a · Other expenses: OPERATING AND MAINTENAN
total $233,686 · program services $233,686
-
24b · Other expenses: FINANCIAL COSTS
total $3,055 · program services $3,055
-
24c · Other expenses: BAD DEBTS
total $2,432 · program services $2,432
-
24d · Other expenses: TAXES, LICENSES, PERMIT
total $1,977 · program services $1,977
-
24e · All other expenses
total $36,585 · program services $36,343 · management and general $242
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $19,195 · end of year $270,949
-
4 · Accounts receivable
beginning of year $9,626 · end of year $6,314
-
9 · Prepaid expenses and deferred charges
beginning of year $81,596 · end of year $75,282
-
10a · Land, buildings and equipment: cost or other basis
$12,348,395
-
10b · Land, buildings and equipment: accumulated depreciation
$11,723,440
-
10c · Land, buildings and equipment, net
beginning of year $875,902 · end of year $624,955
-
15 · Other assets
beginning of year $2,108,160 · end of year $2,155,826
-
17 · Accounts payable and accrued expenses
beginning of year $85,399 · end of year $117,479
-
19 · Deferred revenue
beginning of year $27,103 · end of year $14,761
-
21 · Escrow or custodial account liability
beginning of year $51,710 · end of year $54,776
-
23 · Secured mortgages and notes payable
beginning of year $5,576,180 · end of year $5,404,614
-
25 · Other liabilities
beginning of year $223,633 · end of year $303,202
-
27 · Net assets without donor restrictions
beginning of year -$2,869,546 · end of year -$2,761,506
Mission and programs · 2023
Mission
THE ORGANIZATION HAS 149 UNITS WHICH ARE SUBSIDIZED BY THE FEDERAL DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT UNDER HUD SECTION 8.
Activities or mission (Part I)
PROVIDING HOUSING FOR THE ELDERLY AND HANDICAPPED.
-
PROMOTING THE WELFARE OF AND PROVIDING HOUSING FOR ELDERLY AND HANDICAPPED INDIVIDUALS.
Expenses $1,903,941 · Revenue $485,193
As filed on the 2023 return.
Listed in Part VII
-
James ReynoldsJAMES REYNOLDS
EXECUTIVE DIRECTOR
- Total calculated
- $173,159
- From this org
- $0
- From related orgs
- $168,001
- Other
- $5,158
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $168,001 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $5,040 related
- Nontaxable benefits
- $0 + $118 related
- Filer's total
- $0 + $173,159 related
-
Most Rev Dennis J SullivanMOST REV DENNIS J SULLIVAN
TRUSTEE
- Total calculated
- $107,854
- From this org
- $0
- From related orgs
- $71,919
- Other
- $35,935
- Hours/week
- 1 + 39 related
-
Rev Robert E HughesREV ROBERT E HUGHES
PRESIDENT
- Total calculated
- $74,065
- From this org
- $0
- From related orgs
- $38,130
- Other
- $35,935
- Hours/week
- 1 + 39 related
-
Robert WaiteROBERT WAITE
CONTROLLER
- Total calculated
- $72,761
- From this org
- $0
- From related orgs
- $44,063
- Other
- $28,698
- Hours/week
- 1 + 39 related
-
Rev Jason RocksREV JASON ROCKS
SECRETARY
- Total calculated
- $55,433
- From this org
- $0
- From related orgs
- $19,498
- Other
- $35,935
- Hours/week
- 1 + 39 related
-
Rev Joseph T SzolcakREV JOSEPH T SZOLCAK
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Rev Raymond GormleyREV RAYMOND GORMLEY
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- FORM 990, SCHEDULE J
- THE COMPENSATION FOR THE EXECUTIVE DIRECTOR IS ESTABLISHED BY DIOCESAN HOUSING SERVICES.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
THE DIOCESAN HOUSING SERVICES CORPORATION OF DIOCESE OF CAMDEN INC
501(C)(3) · HOUSING SERVICE · NJ
Directly controlled by DIOCESE OF CAMDEN NEW JERSEY
-
501(C)(3) · RELIGIOUS ORGANIZATION · NJ
-
BISHOP GUILFOYLE HOUSING FUND INC
501(C)(3) · HOUSING SERVICE · NJ
Directly controlled by THE DIOCESAN HOUSING SERVICES CORPORATION OF DIOCESE OF CAMDEN INC
-
501(C)(3) · HOUSING SERVICE · NJ
Directly controlled by THE DIOCESAN HOUSING SERVICES CORPORATION OF DIOCESE OF CAMDEN INC
-
HAVEN HOUSE OF ST JOHN OF GOD INC
501(C)(3) · HOUSING SERVICE · NJ
Directly controlled by THE DIOCESAN HOUSING SERVICES CORPORATION OF DIOCESE OF CAMDEN INC
-
DOMICILIUM CORPORATION
501(C)(3) · HOUSING SERVICE · NJ
Directly controlled by THE DIOCESAN HOUSING SERVICES CORPORATION OF DIOCESE OF CAMDEN INC
-
DHS COMMUNITIES INC
501(C)(3) · HOUSING SERVICE · NJ
Directly controlled by THE DIOCESAN HOUSING SERVICES CORPORATION OF DIOCESE OF CAMDEN INC
-
501(C)(3) · HOUSING SERVICE · NJ
Directly controlled by THE DIOCESAN HOUSING SERVICES CORPORATION OF DIOCESE OF CAMDEN INC
-
VILLAGE AT ST PETER'S INC
501(C)(3) · HOUSING SERVICE · NJ
Directly controlled by THE DIOCESAN HOUSING SERVICES CORPORATION OF DIOCESE OF CAMDEN INC
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
DV HAINESPORT URBAN RENEWAL LLC
HOUSING · NJ
-
SG PHASE II ASSOCIATES LLC
HOUSING · NJ
-
VILLAGE AT ST STEPHEN'S URBAN RENEWAL LP
HOUSING · NJ
-
BENEDICT'S PLACE URBAN RENEWAL LP
HOUSING · NJ
-
DAVENPORT VILLAGE URBAN RENEWAL DEVELOPMENT LP
HOUSING · NJ
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
DHSC CAPE MAY LLC
HOUSING · NJ
-
HAINESPORT MM LLC
HOUSING · NJ
-
SG II MM LLC
HOUSING · NJ
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531359349302108
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