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Employer Identification Number 23-7311149

THE RIESE PROJECTS INC is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:THE RIESE PROJECTS INC
Employer identification number (EIN):23-7311149
EIN TypeTrusts, Estates, and Non-Profit/Exempt Organizations under the Tax Equity and Fiscal Responsibility Act (TEFRA)
EIN Issuing AuthorityBrookhaven, NY
NAIC Classification:531110
NAIC Description:Lessors of Residential Buildings and Dwellings
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementTHE PROJECT IS A 201 UNIT APARTMENT PROJECT FOR THE ELDERLY LOCATED IN PATERSON, NJ. THE PROJECT IS OPERATED UNDER SECTION 236 OF THE NATIONAL HOUSING ACT AND REGULATED BY THE NEW JERSEY HOUSING MORTGAGE AND FINANCE AGENCY (NJHMFA) AND THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS.
Number of Employees6
Number of Volunteers9
Year Formed1971

Organization Governance

Legal DomicileNJ
Voting Members - Governing Body8
Voting Members - Independent8

Organization Financials

2023-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 2,682,085
Program Service Revenue from current yearUSD $ 2,728,977
Investment Income from prior yearUSD $ 38,880
Investment Income from current yearUSD $ 143,267
Other Revenue from prior yearUSD $ 336,021
Other Revenue from current yearUSD $ 36,602
Gross receipts from all sourcesUSD $ 2,908,846
Net assets / fund balances at end of fiscal yearUSD $ 10,377,865
Net assets / fund balances at beginning of fiscal yearUSD $ 9,905,991
Total liabilities at end of fiscal yearUSD $ 1,217,224
Total liabilities at beginning of fiscal yearUSD $ 1,451,585
Total assets at end of fiscal yearUSD $ 11,595,089
Total assets at beginning of fiscal yearUSD $ 11,357,576
Revenues less expenses for current yearUSD $ 471,874
Revenues less expenses for previous yearUSD $ 628,391
Total expenses for current yearUSD $ 2,436,972
Total expenses for previous yearUSD $ 2,428,595
Other expenses in current yearUSD $ 2,069,408
Other expenses in previous yearUSD $ 2,132,428
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 367,564
Employee salary and benefits paid in previous yearUSD $ 296,167
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 2,908,846
Total revenue in previous fiscal yearUSD $ 3,056,986
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 36,602
2022-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 2,691,048
Program Service Revenue from current yearUSD $ 2,682,085
Investment Income from prior yearUSD $ 2,625
Investment Income from current yearUSD $ 38,880
Other Revenue from prior yearUSD $ 407,392
Other Revenue from current yearUSD $ 336,021
Gross receipts from all sourcesUSD $ 3,056,986
Net assets / fund balances at end of fiscal yearUSD $ 9,905,991
Net assets / fund balances at beginning of fiscal yearUSD $ 9,277,600
Total liabilities at end of fiscal yearUSD $ 1,451,585
Total liabilities at beginning of fiscal yearUSD $ 2,031,327
Total assets at end of fiscal yearUSD $ 11,357,576
Total assets at beginning of fiscal yearUSD $ 11,308,927
Revenues less expenses for current yearUSD $ 628,391
Revenues less expenses for previous yearUSD $ 1,023,923
Total expenses for current yearUSD $ 2,428,595
Total expenses for previous yearUSD $ 2,077,142
Other expenses in current yearUSD $ 2,132,428
Other expenses in previous yearUSD $ 1,766,033
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 296,167
Employee salary and benefits paid in previous yearUSD $ 311,109
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 3,056,986
Total revenue in previous fiscal yearUSD $ 3,101,065
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 336,021
2021-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 2,648,369
Program Service Revenue from current yearUSD $ 2,691,048
Investment Income from prior yearUSD $ 12,175
Investment Income from current yearUSD $ 2,625
Other Revenue from prior yearUSD $ 362,821
Other Revenue from current yearUSD $ 407,392
Gross receipts from all sourcesUSD $ 3,101,065
Net assets / fund balances at end of fiscal yearUSD $ 9,277,600
Net assets / fund balances at beginning of fiscal yearUSD $ 8,253,677
Total liabilities at end of fiscal yearUSD $ 2,031,327
Total liabilities at beginning of fiscal yearUSD $ 2,596,098
Total assets at end of fiscal yearUSD $ 11,308,927
Total assets at beginning of fiscal yearUSD $ 10,849,775
Revenues less expenses for current yearUSD $ 1,023,923
Revenues less expenses for previous yearUSD $ 900,910
Total expenses for current yearUSD $ 2,077,142
Total expenses for previous yearUSD $ 2,122,455
Other expenses in current yearUSD $ 1,766,033
Other expenses in previous yearUSD $ 1,791,632
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 311,109
Employee salary and benefits paid in previous yearUSD $ 330,823
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 3,101,065
Total revenue in previous fiscal yearUSD $ 3,023,365
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 407,392
2020-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 2,534,829
Program Service Revenue from current yearUSD $ 2,648,369
Investment Income from prior yearUSD $ 28,544
Investment Income from current yearUSD $ 12,175
Other Revenue from prior yearUSD $ 367,149
Other Revenue from current yearUSD $ 362,821
Gross receipts from all sourcesUSD $ 3,023,365
Net assets / fund balances at end of fiscal yearUSD $ 8,253,677
Net assets / fund balances at beginning of fiscal yearUSD $ 7,352,767
Total liabilities at end of fiscal yearUSD $ 2,596,098
Total liabilities at beginning of fiscal yearUSD $ 3,145,086
Total assets at end of fiscal yearUSD $ 10,849,775
Total assets at beginning of fiscal yearUSD $ 10,497,853
Revenues less expenses for current yearUSD $ 900,910
Revenues less expenses for previous yearUSD $ 870,994
Total expenses for current yearUSD $ 2,122,455
Total expenses for previous yearUSD $ 2,059,528
Other expenses in current yearUSD $ 1,791,632
Other expenses in previous yearUSD $ 1,744,681
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 330,823
Employee salary and benefits paid in previous yearUSD $ 314,847
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 3,023,365
Total revenue in previous fiscal yearUSD $ 2,930,522
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 362,821
2019-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 2,466,073
Program Service Revenue from current yearUSD $ 2,534,829
Investment Income from prior yearUSD $ 11,814
Investment Income from current yearUSD $ 28,544
Other Revenue from prior yearUSD $ 368,553
Other Revenue from current yearUSD $ 367,149
Gross receipts from all sourcesUSD $ 2,930,522
Net assets / fund balances at end of fiscal yearUSD $ 7,352,767
Net assets / fund balances at beginning of fiscal yearUSD $ 6,481,773
Total liabilities at end of fiscal yearUSD $ 3,145,086
Total liabilities at beginning of fiscal yearUSD $ 4,057,709
Total assets at end of fiscal yearUSD $ 10,497,853
Total assets at beginning of fiscal yearUSD $ 10,539,482
Revenues less expenses for current yearUSD $ 870,994
Revenues less expenses for previous yearUSD $ 776,993
Total expenses for current yearUSD $ 2,059,528
Total expenses for previous yearUSD $ 2,069,447
Other expenses in current yearUSD $ 1,744,681
Other expenses in previous yearUSD $ 1,756,897
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 314,847
Employee salary and benefits paid in previous yearUSD $ 312,550
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 2,930,522
Total revenue in previous fiscal yearUSD $ 2,846,440
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 367,149
2018-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 2,397,603
Program Service Revenue from current yearUSD $ 2,466,073
Investment Income from prior yearUSD $ 16,651
Investment Income from current yearUSD $ 11,814
Other Revenue from prior yearUSD $ 316,693
Other Revenue from current yearUSD $ 368,553
Gross receipts from all sourcesUSD $ 2,846,440
Net assets / fund balances at end of fiscal yearUSD $ 6,481,773
Net assets / fund balances at beginning of fiscal yearUSD $ 5,704,780
Total liabilities at end of fiscal yearUSD $ 4,057,709
Total liabilities at beginning of fiscal yearUSD $ 4,313,782
Total assets at end of fiscal yearUSD $ 10,539,482
Total assets at beginning of fiscal yearUSD $ 10,018,562
Revenues less expenses for current yearUSD $ 776,993
Revenues less expenses for previous yearUSD $ 623,875
Total expenses for current yearUSD $ 2,069,447
Total expenses for previous yearUSD $ 2,107,072
Other expenses in current yearUSD $ 1,756,897
Other expenses in previous yearUSD $ 1,758,052
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 312,550
Employee salary and benefits paid in previous yearUSD $ 349,020
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 2,846,440
Total revenue in previous fiscal yearUSD $ 2,730,947
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 368,553
2017-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 2,417,577
Program Service Revenue from current yearUSD $ 2,397,603
Investment Income from prior yearUSD $ 8,195
Investment Income from current yearUSD $ 16,651
Other Revenue from prior yearUSD $ 281,698
Other Revenue from current yearUSD $ 316,693
Gross receipts from all sourcesUSD $ 2,730,947
Net assets / fund balances at end of fiscal yearUSD $ 5,704,780
Net assets / fund balances at beginning of fiscal yearUSD $ 5,080,905
Total liabilities at end of fiscal yearUSD $ 4,313,782
Total liabilities at beginning of fiscal yearUSD $ 3,085,421
Total assets at end of fiscal yearUSD $ 10,018,562
Total assets at beginning of fiscal yearUSD $ 8,166,326
Revenues less expenses for current yearUSD $ 623,875
Revenues less expenses for previous yearUSD $ 847,306
Total expenses for current yearUSD $ 2,107,072
Total expenses for previous yearUSD $ 1,860,164
Other expenses in current yearUSD $ 1,758,052
Other expenses in previous yearUSD $ 1,590,172
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 349,020
Employee salary and benefits paid in previous yearUSD $ 269,992
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 2,730,947
Total revenue in previous fiscal yearUSD $ 2,707,470
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 316,693
2016-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 2,286,694
Program Service Revenue from current yearUSD $ 2,417,577
Investment Income from prior yearUSD $ 1,658
Investment Income from current yearUSD $ 8,195
Other Revenue from prior yearUSD $ 277,560
Other Revenue from current yearUSD $ 281,698
Gross receipts from all sourcesUSD $ 2,707,470
Net assets / fund balances at end of fiscal yearUSD $ 5,080,905
Net assets / fund balances at beginning of fiscal yearUSD $ 4,233,599
Total liabilities at end of fiscal yearUSD $ 3,085,421
Total liabilities at beginning of fiscal yearUSD $ 3,281,743
Total assets at end of fiscal yearUSD $ 8,166,326
Total assets at beginning of fiscal yearUSD $ 7,515,342
Revenues less expenses for current yearUSD $ 847,306
Revenues less expenses for previous yearUSD $ 632,984
Total expenses for current yearUSD $ 1,860,164
Total expenses for previous yearUSD $ 1,932,928
Other expenses in current yearUSD $ 1,590,172
Other expenses in previous yearUSD $ 1,644,845
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 269,992
Employee salary and benefits paid in previous yearUSD $ 288,083
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 2,707,470
Total revenue in previous fiscal yearUSD $ 2,565,912
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 281,698

Other Company Names associated with EIN

RIESE PROJECTS URBAN RENEWAL CORPOR
RIESE PROJECTS URBAN RENEWAL CORPORATION

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 237311149

USA Mailing Address
211 20TH AVENUE
PATERSON
NJ
07501
Date first seen: 2007-01-01
Date last seen: 2025-01-31
USA Location Address
211 20TH AVE
PATERSON
NJ
075013757
Date first seen: 2020-06-24
Date last seen: 2020-06-24

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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