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Nonprofiteer
← RIESE CORPORATION

Form 990 for tax year 2023

Filed by RIESE CORPORATION.

Totals

Total revenue
$619,184
Total expenses
$24,095
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$619,184
Other revenue
$0
Total assets, end of year
$38,092,680
Total liabilities, end of year
$884,667
Net assets or fund balances, end of year
$37,208,013
Program services expenses (Part IX)
$0
Management and general expenses
$24,095
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 3 · Investment income

    total $619,184 · excluded $619,184

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $21,840 · management and general $21,840

  • 13 · Office expenses

    total $2,255 · management and general $2,255

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $255,542 · end of year $696,048

  • 2 · Savings and temporary cash investments

    beginning of year $3,400 · end of year $417,248

  • 4 · Accounts receivable

    beginning of year $111,338

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,972

  • 15 · Other assets

    beginning of year $37,700,000 · end of year $36,979,384

  • 17 · Accounts payable and accrued expenses

    beginning of year $473,328 · end of year $43,000

  • 23 · Secured mortgages and notes payable

    beginning of year $1,010,000 · end of year $841,667

  • 27 · Net assets without donor restrictions

    beginning of year $36,612,924 · end of year $37,208,013

Mission and programs · 2023

Mission

TO PROVIDE A RANGE OF COMPREHENSIVE SERVICES THAT ADDRESS BOTH IMMEDIATE AND LONG-TERM NEEDS, WITH A FOCUS ON IMPROVING HEALTH, STABILITY, AND OVERALL QUALITY OF LIFE FOR LOW-INCOME INDIVIDUALS AND FAMILIES.

Activities or mission (Part I)

THE ORGANIZATION IS DEDICATED TO ENHANCING THE WELL-BEING OF INDIVIDUALS RESIDING IN AFFORDABLE HOUSING IN PATERSON AND PASSAIC, NEW JERSEY. THE ORGANIZATION AIMS TO OFFER A RANGE OF COMPREHENSIVE SERVICES THAT ADDRESS BOTH IMMEDIATE AND LONG-TERM NEEDS, WITH A FOCUS ON IMPROVING HEALTH, STABILITY, AND OVERALL QUALITY OF LIFE FOR LOW-INCOME INDIVIDUALS AND FAMILIES.

  • PROVIDE SERVICES WITH A FOCUS ON IMPROVING HEALTH, STABILITY, AND OVERALL QUALITY OF LIFE FOR LOW-INCOME INDIVIDUALS AND FAMILIES.

As filed on the 2023 return.

Listed in Part VII

  • Rev Marc A Mancin

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Rev Msgr Herbert K Tillyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Deacon Joseph A Puskas

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Joseph Duffy

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Andrew F McBride III Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Deacon Peter Cistaro

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Thomas Burns

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dennis P Butler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lynn E Gaffney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patrick Murray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sr Maureen Shaughnessy Sc

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Deacon Marc Mackin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Deacon Gregory J Szpunar

    DIRECTOR

    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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
29 April 2025
IRS schema version
2023v6.0
Source object
202501269349301850

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