The Man, James Parham, 75, was also accused, along with a friend Cheryl Chaney, 66, of allowing residents and visitors to use crack in their apartments, police report.
They are both are charged with possession of drug paraphernalia and maintaining a nuisance, and Chaney is also charged with possession of crack cocaine.
In James Parham's case, the nuisance charge is relating to allowing prostitution in his apartment and in Chaney's case, it relates to allowing drug use in hers.
Englewood Police Chief Arthur O'Keefe told NBC 4 New York on Tuesday that Parham ran the prostitution ring through his apartments, and employed a mix of young women and older residents.
None of the alleged prostitutes were arrested.
O'Keefe also told told NBC 4 New York there was also sex and drug use happening in common areas of the complex, and that some seniors were afraid to venture into certain areas because they were afraid for their lives.
One of the resident's, Richard Allaway, says he and others were aware of "a lot of nonsense going on."
The lack of proper security is believed to have been a factor in this activity.
Photo Credit: NBC 4 New York/Englewood, N.J. Police