Newark Downtown District Management Corporation

Organization Overview

Newark Downtown District Management Corporation is located in Newark, NJ. The organization was established in 2000. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Newark Downtown District Management Corporation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newark Downtown District Management Corporation 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 12/2021, Newark Downtown District Management Corporation generated $5.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $5.2m during the year ending 12/2021. While expenses have increased by 2.1% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

REVITALIZE DOWNTOWN NEWARK BY IMPROVING THE ECONOMIC VIABILITY OF THE CENTRAL BUSINESS DISTRICT AND ENHANCE THE QUALITY OF LIFE FOR RESIDENTS, WORKERS, STUDENTS AND VISITORS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CLEAN TEAM - MEMBERS OF THE NEWARK DOWNTOWN DISTRICT GET TO WITNESS THE EXCEPTIONAL WORK OF OUR NDD AMBASSADORS. THEY WORK HARD TO PROVIDE THE CLEAN, GREEN, AND SAFE SERVICES THAT DIRECTLY IMPROVE THE QUALITY OF LIFE FOR RESIDENTS, COMMUTERS AND VISITORS (SEE SCHEDULE O FOR DETAILS)


AMBASSADORS - THE AMBASSADORS ARE THE HEART AND SOUL OF OUR ORGANIZATION. HIGHLY RECOGNIZABLE IN THEIR BRIGHT YELLOW AND BLACK UNIFORMS THEY ARE SPLIT UP INTO TEAMS WHICH ARE FUNDAMENTAL TO THE UPKEEP AND MAINTENANCE OF THE DOWNTOWN. DURING OUR PEAK SEASON, THERE ARE UP TO 60 AMBASSADORS EMPLOYED BY NDD, MORE THAN 95% ARE NEWARK RESIDENTS. (SEE SCHEDULE O FOR DETAILS)


DOWNTOWN MARKETING - THE DISTRICT'S MARKETING PROGRAM INTRODUCES PEOPLE TO AN INVIGORATED NEWARK. THE PROGRAM PROMOTES THE CITY'S DIVERSE ARTS AND CULTURAL OFFERINGS, ITS UNIQUE RESTAURANTS AND INTERNATIONAL CHARACTER. MARKETING AT THE NEWARK DOWNTOWN DISTRICT IS TWOFOLD, PROMOTING OUR VARIOUS COMMUNITY EVENTS AS WELL AS PROMOTING OUR STAKEHOLDERS IN A NUMBER OF WAYS. BY CONNECTING WITH AS MANY BUSINESSES AS POSSIBLE IN NEWARK, THE NDD PUSHES OUT THE GOOD WORD ABOUT WHAT IS HAPPENING HERE.


QUALITY OF LIFE


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Block-by-block
Cleaning
$876,442
Streetplus Company Llc
Cleaning
$599,764
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $163,500
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$163,500
Total Program Service Revenue$5,094,312
Investment income $8,879
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$61,608
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,205,083

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