Organizations Filed Purposes:
SEEKING,ACQUIRING,RENOVATING,MANAGING AND FINANCING OF RENTAL HOUSING UNITS FOR LOW INCOME SENIOR CITIZENS AS DEFINED AND APPROVED UNDER HUD AND/OR LIHTC GUIDELINES IN ORDER FOR THE LOW INCOME SENIOR CITIZENS TO QUALIFY FOR THE HUD HAP SUBSIDY. THE RENTAL HOUSING UNITS ARE OWNED BY THE ORGANIZATION'S NOT FOR PROFIT AFFILIATES, AFFILIATED BY A COMMON BOARD OF DIRECTORS.
PLAN & DEVELOP AND MANAGE SENIOR CITIZEN HOUSING PROJECTS CONSISTING OF 362 UNITS,FIVE PROJECTS,IN THREE LOCATIONS. ACTIVELY SEARCH FOR NEW SENIOR CITIZEN HOUSING PROJECTS TO PROCURE.PROVIDE SENIOR SERVICES AND CAPITAL IMPROVEMENTS FOR THE RESIDENTS OF THE RELATED NOT FOR PROFIT HOUSING PROJECTS.
SEEK OUT POTENTIAL LOCATIONS, IMPROVE AND UPDATE AND MANAGE LOW INCOME SENIOR CITIZENS HOUSING UNITS OF AFFILIATES, ACQUIRE LAND, PLAN FOR LOW INCOME SENIOR CITIZENS HOUSING UNITS AND SEEK PRIVATE FINANCING BY LOW INCOME HOUSING CREDITS AND FEDERAL FUNDING FOR CONSTRUCTION AND RENOVATION OF LOW INCOME SENIOR CITIZENS HOUSING UNITS. PROVIDE AND MANAGE SENIOR SERVICES TO THE RESIDENTS OF THE AFFILIATED HOUSING PROJECTS. IN 2017, THE ORGANIZATION ENTERED INTO A CONTRACT TO RENOVATE THE KITCHENS AND BATHROOMS IN THE APARTMENTS AT PAUMANACK VILLAGE IV. THESE RENOVATIONS WILL TAKE PLACE IN THREE PHASES FROM 2017 THROUGH 2019. THE FIRST PHASE WAS THE RENOVATION OF 22 APARTMENTS FOR A TOTAL COST OF $417,397 WHICH WAS COMPLETED DURING THE YEAR ENDED DECEMBER 31, 2017. THE 2017 CONSTRUCTION COSTS OF $417,397 WERE GRANTED BY THE ORGANIZATION TO PAUMANACK VILLAGE IV DURING 2017. THE 2018 CONSTRUCTION COSTS OF $498,900 WERE GRANTED BY THE ORGANIZATION TO PAUMANACK VILLAGE IV DURING 2018. THE 2019 CONSTRUCTION COSTS OF $271,300 WERE GRANTED BY THE ORGANIZATION TO PAUMANACK VILLAGE IV DURING 2019. THE COMPANY PERFORMED AS A GENERAL CONTRACTOR DURING THE RENOVATION OF THE APARTMENTS OF PAUMANACK VILLAGE IV BY INTERVIEWING, HIRING AND MANAGING SUBCONTRACTORS AND ARCHITECTS.IN 2019, THE ORGANIZATION ENTERED INTO A CONTRACT TO REPLACE THE SIDING AND THE DOORS AT PAUMANACK VILLAGE IV. THE COST OF THE IMPROVEMENTS PAID FOR BY THE ORGANZIATION AND GRANTED TO PAUMANACK VILLAGE IV WERE $390,252.THE ORGANIZATION PROVIDES DAILY MANAGEMENT, OPERATIONAL AND ENGINEERING SUPPORT FOR THE SEWAGE TREATMENT PLANT THAT SERVICES FOUR SENIOR CITIZEN HOUSING PROJECTS. THE SEWAGE TREATMENT PLANT IS OVER 35 YEARS OLD WHICH RESULTS IN MORE FREQUENT REPAIRS AND CONSULTING NEEDED TO KEEP THE PLANT AND PUMP STATIONS OPERATIONAL.MANAGEMENT IS PLANNING TO SET ASIDE $3,445,000 OF FUNDS TO HELP FINANCE THE BUYOUT OF TWO LOW INCOME HOUSING AFFILIATES, PAUMANACK VILLAGE II OWNER LP AND PAUMANACK VILLAGE III OWNER LP AT THE EXPIRATION OF THE LIFE OF THE LIMITED PARTNERSHIPS.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| William Davidson | PRESIDENT | 50 | $214,000 |
| Judy Farabaugh | CONTROLLER | 40 | $167,621 |
| Lawrence W Cregan | VP OF LEGAL SERVICES, DIRE | 40 | $140,850 |
| Jeffrey Hartman | VP OF ENGINEERING SERVICES | 30 | $93,902 |
| John Zanfino | VP OF FINANCE, DIRECTOR | 25 | $36,500 |
| Janice Dalessio | VP OF MANAGEMENT SERVICES, | 25 | $21,876 |
| Frank Tassone | DIRECTOR | 1 | $0 |
| Vincent Frigeria Iii | CORPORATE SECRETARY, DIREC | 1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202030999349300008_public.xml