Bloomfieldavenue-Lowerbroadwaybid Inc

Organization Overview

Bloomfieldavenue-Lowerbroadwaybid Inc is located in Newark, NJ. The organization was established in 2018. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bloomfieldavenue-Lowerbroadwaybid 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, Bloomfieldavenue-Lowerbroadwaybid Inc generated $443.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $406.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO SERVE AS A CATALYST FOR ECONOMIC DEVELOPMENT THROUGHOUT THE BLOOMFIELD AVENUE/LOWER BROADWAY COMMERCIAL CORRIDOR.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DISTRICT CLEANING/ MAINTENANCE PROGRAM 7 DAYS A WEEK THROUGHOUT THE DISTRICT.


DISTRICT CLEANING/ MAINTENANCE PROGRAM 7 DAYS A WEEK THROUGHOUT THE DISTRICT.


PUBLIC SAFETY PROGRAM ESTABLISHED A DISTRICT PATROL WHERE THERE IS INCREASED VISIBILITY OF POLICE OFFICERS.


PUBLIC SAFETY PROGRAM ESTABLISHED A DISTRICT PATROL WHERE THERE IS INCREASED VISIBILITY OF POLICE OFFICERS.


OUTREACH PROGRAMS TO CREATE AN ENHANCEMENT OF QUALITY OF LIFE FOR RESIDENTS, BUSINESSES AND VISITORS TO THE DISTRICT. CREATING AN IMPROVED ENVIRONMENT TO SUPPORT INCREASED PUBLIC AND PRIVATE INVESTMENT INVESTMENT IN THE COMMUNITY.


OUTREACH PROGRAMS TO CREATE AN ENHANCEMENT OF QUALITY OF LIFE FOR RESIDENTS, BUSINESSES AND VISITORS TO THE DISTRICT. CREATING AN IMPROVED ENVIRONMENT TO SUPPORT INCREASED PUBLIC AND PRIVATE INVESTMENT INVESTMENT IN THE COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Pj Calello
President
$0
Joseph Rodriguez
Vice-President
$0
Ivonne Rios
Secretary/treasurer
$0
David R Martinez
Board Member
$0
Alfredo Ruiz
Board Member
$0
Francisco Gleim
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $443,520
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$443,520
Total Program Service Revenue$0
Investment income $61
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $443,581

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