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Employer Identification Number 22-1823795

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

Company Name:THE RIESE CORPORATION
Employer identification number (EIN):22-1823795
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 CORPORATION OWNS AND MANAGES TWO 159 UNIT APARTMENT PROJECTS FOR THE ELDERLY LOCATED IN PATERSON, NJ. THE PROJECTS ARE OPERATED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND REGULATED BY U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS.
Number of Employees8
Number of Volunteers9
Year Formed1963

Organization Governance

Legal DomicileNJ
Voting Members - Governing Body9
Voting Members - Independent9

Organization Financials

2023-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 4,036,180
Program Service Revenue from current yearUSD $ 3,417,971
Investment Income from prior yearUSD $ 2,446
Investment Income from current yearUSD $ 30,632,223
Other Revenue from prior yearUSD $ 45,000
Other Revenue from current yearUSD $ 24,161
Gross receipts from all sourcesUSD $ 41,144,337
Net assets / fund balances at end of fiscal yearUSD $ 36,293,878
Net assets / fund balances at beginning of fiscal yearUSD $ 5,311,945
Total liabilities at end of fiscal yearUSD $ 1,802,374
Total liabilities at beginning of fiscal yearUSD $ 1,286,013
Total assets at end of fiscal yearUSD $ 38,096,252
Total assets at beginning of fiscal yearUSD $ 6,597,958
Revenues less expenses for current yearUSD $ 30,981,933
Revenues less expenses for previous yearUSD $ 793,994
Total expenses for current yearUSD $ 3,092,422
Total expenses for previous yearUSD $ 3,289,632
Other expenses in current yearUSD $ 2,505,696
Other expenses in previous yearUSD $ 2,657,242
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 $ 586,726
Employee salary and benefits paid in previous yearUSD $ 632,390
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 $ 34,074,355
Total revenue in previous fiscal yearUSD $ 4,083,626
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 24,161
2022-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 3,533,578
Program Service Revenue from current yearUSD $ 4,036,180
Investment Income from prior yearUSD $ 1,649
Investment Income from current yearUSD $ 2,446
Other Revenue from prior yearUSD $ 11,632
Other Revenue from current yearUSD $ 45,000
Gross receipts from all sourcesUSD $ 4,083,626
Net assets / fund balances at end of fiscal yearUSD $ 5,311,945
Net assets / fund balances at beginning of fiscal yearUSD $ 4,517,951
Total liabilities at end of fiscal yearUSD $ 1,286,013
Total liabilities at beginning of fiscal yearUSD $ 1,103,412
Total assets at end of fiscal yearUSD $ 6,597,958
Total assets at beginning of fiscal yearUSD $ 5,621,363
Revenues less expenses for current yearUSD $ 793,994
Revenues less expenses for previous yearUSD $ 691,079
Total expenses for current yearUSD $ 3,289,632
Total expenses for previous yearUSD $ 2,855,780
Other expenses in current yearUSD $ 2,657,242
Other expenses in previous yearUSD $ 2,324,245
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 $ 632,390
Employee salary and benefits paid in previous yearUSD $ 531,535
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 $ 4,083,626
Total revenue in previous fiscal yearUSD $ 3,546,859
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 45,000
2021-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 2,936,301
Program Service Revenue from current yearUSD $ 3,533,578
Investment Income from prior yearUSD $ 2,178
Investment Income from current yearUSD $ 1,649
Other Revenue from prior yearUSD $ 15,421
Other Revenue from current yearUSD $ 11,632
Gross receipts from all sourcesUSD $ 3,546,859
Net assets / fund balances at end of fiscal yearUSD $ 4,517,951
Net assets / fund balances at beginning of fiscal yearUSD $ 3,826,872
Total liabilities at end of fiscal yearUSD $ 1,103,412
Total liabilities at beginning of fiscal yearUSD $ 820,630
Total assets at end of fiscal yearUSD $ 5,621,363
Total assets at beginning of fiscal yearUSD $ 4,647,502
Revenues less expenses for current yearUSD $ 691,079
Revenues less expenses for previous yearUSD $ 444,301
Total expenses for current yearUSD $ 2,855,780
Total expenses for previous yearUSD $ 2,588,547
Other expenses in current yearUSD $ 2,324,245
Other expenses in previous yearUSD $ 2,082,964
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 $ 531,535
Employee salary and benefits paid in previous yearUSD $ 505,583
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 $ 3,546,859
Total revenue in previous fiscal yearUSD $ 3,032,848
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 78,948
Total of other revenueUSD $ 11,632
2019-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 2,620,419
Program Service Revenue from current yearUSD $ 2,663,757
Investment Income from prior yearUSD $ 1,935
Investment Income from current yearUSD $ 2,322
Other Revenue from prior yearUSD $ 20,234
Other Revenue from current yearUSD $ 18,956
Gross receipts from all sourcesUSD $ 2,793,481
Net assets / fund balances at end of fiscal yearUSD $ 3,382,571
Net assets / fund balances at beginning of fiscal yearUSD $ 3,213,524
Total liabilities at end of fiscal yearUSD $ 456,549
Total liabilities at beginning of fiscal yearUSD $ 490,534
Total assets at end of fiscal yearUSD $ 3,839,120
Total assets at beginning of fiscal yearUSD $ 3,704,058
Revenues less expenses for current yearUSD $ 169,047
Revenues less expenses for previous yearUSD $ 67,826
Total expenses for current yearUSD $ 2,624,434
Total expenses for previous yearUSD $ 2,660,456
Other expenses in current yearUSD $ 2,158,772
Other expenses in previous yearUSD $ 2,027,896
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 $ 465,662
Employee salary and benefits paid in previous yearUSD $ 632,560
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 $ 2,793,481
Total revenue in previous fiscal yearUSD $ 2,728,282
Contributions and grants from current yearUSD $ 108,446
Contributions and grants from previous yearUSD $ 85,694
Total of other revenueUSD $ 18,956
2018-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 2,594,638
Program Service Revenue from current yearUSD $ 2,620,419
Investment Income from prior yearUSD $ 1,577
Investment Income from current yearUSD $ 1,935
Other Revenue from prior yearUSD $ 14,919
Other Revenue from current yearUSD $ 20,234
Gross receipts from all sourcesUSD $ 2,728,282
Net assets / fund balances at end of fiscal yearUSD $ 3,213,524
Net assets / fund balances at beginning of fiscal yearUSD $ 3,145,698
Total liabilities at end of fiscal yearUSD $ 490,534
Total liabilities at beginning of fiscal yearUSD $ 712,423
Total assets at end of fiscal yearUSD $ 3,704,058
Total assets at beginning of fiscal yearUSD $ 3,858,121
Revenues less expenses for current yearUSD $ 67,826
Revenues less expenses for previous yearUSD $ 374,018
Total expenses for current yearUSD $ 2,660,456
Total expenses for previous yearUSD $ 2,253,307
Other expenses in current yearUSD $ 2,027,896
Other expenses in previous yearUSD $ 1,797,225
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 $ 632,560
Employee salary and benefits paid in previous yearUSD $ 456,082
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 $ 2,728,282
Total revenue in previous fiscal yearUSD $ 2,627,325
Contributions and grants from current yearUSD $ 85,694
Contributions and grants from previous yearUSD $ 16,191
Total of other revenueUSD $ 20,234
2017-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 2,556,245
Program Service Revenue from current yearUSD $ 2,594,638
Investment Income from prior yearUSD $ 1,335
Investment Income from current yearUSD $ 1,577
Other Revenue from prior yearUSD $ 17,138
Other Revenue from current yearUSD $ 14,919
Gross receipts from all sourcesUSD $ 2,627,325
Net assets / fund balances at end of fiscal yearUSD $ 3,145,698
Net assets / fund balances at beginning of fiscal yearUSD $ 2,771,680
Total liabilities at end of fiscal yearUSD $ 712,423
Total liabilities at beginning of fiscal yearUSD $ 995,571
Total assets at end of fiscal yearUSD $ 3,858,121
Total assets at beginning of fiscal yearUSD $ 3,767,251
Revenues less expenses for current yearUSD $ 374,018
Revenues less expenses for previous yearUSD $ 262,847
Total expenses for current yearUSD $ 2,253,307
Total expenses for previous yearUSD $ 2,418,191
Other expenses in current yearUSD $ 1,797,225
Other expenses in previous yearUSD $ 2,010,458
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 $ 456,082
Employee salary and benefits paid in previous yearUSD $ 407,733
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 $ 2,627,325
Total revenue in previous fiscal yearUSD $ 2,681,038
Contributions and grants from current yearUSD $ 16,191
Contributions and grants from previous yearUSD $ 106,320
Total of other revenueUSD $ 14,919
2015-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 2,456,423
Program Service Revenue from current yearUSD $ 2,489,385
Investment Income from prior yearUSD $ 867
Investment Income from current yearUSD $ 919
Other Revenue from prior yearUSD $ 20,570
Other Revenue from current yearUSD $ 23,673
Gross receipts from all sourcesUSD $ 2,621,135
Net assets / fund balances at end of fiscal yearUSD $ 2,508,833
Net assets / fund balances at beginning of fiscal yearUSD $ 2,456,556
Total liabilities at end of fiscal yearUSD $ 816,277
Total liabilities at beginning of fiscal yearUSD $ 831,901
Total assets at end of fiscal yearUSD $ 3,325,110
Total assets at beginning of fiscal yearUSD $ 3,288,457
Revenues less expenses for current yearUSD $ 52,277
Revenues less expenses for previous yearUSD $ 124,740
Total expenses for current yearUSD $ 2,568,858
Total expenses for previous yearUSD $ 2,454,834
Other expenses in current yearUSD $ 2,078,652
Other expenses in previous yearUSD $ 1,982,475
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 $ 490,206
Employee salary and benefits paid in previous yearUSD $ 472,359
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 $ 2,621,135
Total revenue in previous fiscal yearUSD $ 2,579,574
Contributions and grants from current yearUSD $ 107,158
Contributions and grants from previous yearUSD $ 101,714
Total of other revenueUSD $ 23,673

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 221823795

USA Mailing Address
225 20TH AVENUE
PATERSON
NJ
075013757
Date first seen: 2013-01-16
Date last seen: 2024-05-13
USA Location Address
264 BELLEVILLE AVE
BLOOMFIELD
NJ
070033649
Date first seen: 2020-06-24
Date last seen: 2024-11-06

Nearby companies/organizations

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

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