RIESE MADISON PARK INC Charity Report

Public IRS 990 nonprofit record

RIESE MADISON PARK INC

EIN 22-2125691 · Senior Citizens Housing & Retirement Communities (L22)

What they do

THE CORPORATION OWNS and MANAGES A 92-UNIT APARTMENT BUILDING for THE ELDERLY IN PATERSON, NJ. THE PROJECT is OPERATED UNDER SECTION 202 of THE NATIONAL HOUSING ACT and REGULATED BY THE NEW JERSEY HOUSING and MORTGAGE FINANCE AGENCY(NJHMFA)AND THE US DEPARTMENT of HOUSING and URBAN DEVELOPMENT (HUD) WITH RESPECT to RENTAL CHARGES and OPERATING METHODS.

Before you give

Are they doing good?

Easy charity check

Good signs so far

The public paperwork has several good signs. Now check whether the charity can show who it helped.

Here is the honest answer: A tax form shows money and paperwork. It cannot prove that people, animals, or the community were truly helped.

Good signs we looked for

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders14 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$68.96spent for every $100 of revenueRevenue covered expenses this year.

$11.70of every $100 spent went to management and office costsThis number alone does not tell us how much good they did.

$2.96in assets for every $1 spent this yearSome assets cannot be spent right away.

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Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Good paperwork is a good sign—not proof. The best answer comes when the charity can show what it changed, who it helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$1,842,559

Expenses$1,270,707

Annual surplus $571,852 Revenue was higher than expenses for this filing year.

Selected spending reported on the 990

Each amount is compared with total expenses separately. These categories can overlap, so they should not be added together as a pie chart.

Management and general$149,304 · 11.7% of expenses

See all reported dollar amounts

Revenue$1,842,559

Expenses$1,270,707

Assets$3,760,810

Income$1,842,559

Management and general$149,304

Accounting fees$15,000

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

See everyone listed on the board or leadership roster (14)

ANDREW F MCBRIDE III ESQDIRECTOR

ANTHONY DENOVADIRECTOR

DEACON GREGORY J SZPUNARDIRECTOR

DEACON JOSEPH A PUSKASDIRECTOR

DEACON MARC MACKINTREASURER

DEACON PETER CISTAROVICE PRESIDENT

DENNIS P BUTLERDIRECTOR

JOSEPH DUFFYSECRETARY

LYNN E GAFFNEYDIRECTOR

PATRICK MURRAYDIRECTOR

REV MARC A MANCINIPRESIDENT

REV MSGR HERBERT K TILLYERDIRECTOR

SR MAUREEN SHAUGHNESSY SCDIRECTOR

THOMAS BURNSDIRECTOR

About this charity

Recognized since: January 1976
Location: 70 DEY STREET, PATERSON, NJ 07503
County: Passaic
In care of: MARC MACKIN
Primary officer: MARC MACKIN, TREASURER

How to reach them

Phone(973) 684-3469 Officer phone(973) 879-3060

Filing and classification

Latest tax year: 2024
Tax period began: October 1, 2024
Return type: 990
Tax preparer: BURNS DRAEGER & HUMPHRIES LLC
NTEE classification: Senior Citizens Housing & Retirement Communities (L22)
IRS tax category: Senior Citizens Housing & Retirement Communities