Downtown New Jersey Inc
- Assets
- $27.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Jersey City, NJ
- Founding
- 01/1991
- Data as of
- 12/2022
- EIN
- 22-2922751
Organization Overview
Downtown New Jersey Inc is located in Jersey City, NJ. The organization was established in 1991. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown New Jersey Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Downtown New Jersey Inc generated $75.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $73.5k during the year ending 12/2022. While expenses have increased by 6.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ANNUAL PROGRAMS THAT-PROVIDE INFORMATION AND EDUCATIONAL OPPORTUNITIES FOR PROFESSIONAL DOWNTOWN AND COMMERCIAL DISTRICT REVITALIZATION ORGANIZATIONS;-RECOGNIZE THE BEST EFFORTS OF THESE ORGANIZATIONS;-TRACK JUDICIAL AND LEGISLATIVE ISSUES THAT CAN AFFECT THE SUCCESS OF NEW JERSEY'S DOWNTOWN COMMERCIAL DISTRICTS;-PROVIDE OPPORTUNITIES TO FOSTER COMMUNICATION AMONG THE BUSINESS, GOVERNMENT AND PROFESSIONAL COMMUNITIES CONCERNED WITH THE WELL-BEING OF DOWNTOWN AND COMMERCIAL DISTRICTS;-INFORM AND EDUCATE MEMBERSHIP ON LEGISLATIVE ISSUES INVOLVING DOWNTOWNS AND COMMERCIAL BUSINESS DISTRICTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Richardson Vice President | 5 | $0 | |
Nancy Adams Director | 1 | $0 | |
Jef Buehler Director | 1 | $0 | |
Robert Zuckerman President | 5 | $0 | |
Thomas Strowe Vice President | 5 | $0 | |
Jonathon Tyler Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,300 |
| Total Program Service Revenue | $35,694 |
| Membership dues | $38,602 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $75,596 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $49,413 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,403 |
| Other expenses | $22,669 |
| Total expenses | $73,485 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $27,148 |
| Other assets | $0 |
| Total assets | $27,148 |
| Total liabilities | $0 |
| Net assets or fund balances | $27,148 |