2024-04-15T11:46:01-05:00 2023-05-31 221914888 NISIVOCCIA LLP 200 VALLEY RD SUITE 300 MT ARLINGTON NJ 07856 990 2022-06-01 473566365 163-177 PENNSYLVANIA AVENUE INC 163- 9733211220 125 ELLISON STREET 4TH FL PATERSON NJ 07505 ORLANDO CRUZ BOARD CHAIRMAN 9733211220 2024-04-11 1 ORLANDO CRUZ 999009999 0 CHRIS PERROTTA CPA P01450368 9733281825 2024-04-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ORLANDO CRUZ 125 ELLISON STREET 4TH FL PATERSON NJ 07505 0 0 X N/A X 2015 NJ OUR MISSION IS TO PROMOTE ECONOMIC DEVELOPMENT AND EMPLOYMENT SPECIFICALLY IN FOOD PRODUCTION AND RELATED INDUSTRIES. OUR GOAL IS TO PROVIDE A PRODUCTION KITCHEN AND CO-WORKING SPACE TO EXCHANGE IDEAS AND DEVELOP A FOOD INNOVATION PROGRAM. IT IS DESIGNED FOR FOOD ENTREPRENEURS AND START UP BUSINESSES FOR PEOPLE OF ALL ETHNICITIES, INCOME AND EDUCATION LEVELS AS WELL AS PROVIDE THE COMMUNITY WITH A VEHICLE TO GENERATE REVENUE AND CREATE JOBS. 3 3 0 0 0 0 0 0 59060 0 0 0 0 0 59060 0 0 0 0 0 0 0 0 0 0 116897 77031 116897 77031 -57837 -77031 10684461 10736301 10710621 10839492 -26160 -103191 X OUR MISSION IS TO PROMOTE ECONOMIC DEVELOPMENT AND EMPLOYMENT SPECIFICALLY IN FOOD PRODUCTION AND RELATED INDUSTRIES. OUR GOAL IS TO PROVIDE A PRODUCTION KITCHEN AND CO-WORKING SPACE TO EXCHANGE IDEAS AND DEVELOP A FOOD INNOVATION PROGRAM. IT IS DESIGNED FOR FOOD ENTREPRENEURS AND START UP BUSINESSES FOR PEOPLE OF ALL ETHNICITIES, INCOME AND EDUCATION LEVELS AS WELL AS PROVIDE THE COMMUNITY WITH A VEHICLE TO GENERATE REVENUE AND CREATE JOBS. 0 0 73839 FACILITY COSTS WHERE THE MAJORITY OF THE CUSTOMIZED SPACE WILL BE USED FOR A FOOD INCUBATOR PROJECT FOR START UP COMPANIES AND ENTREPRENEURS IN THE REGION. 73839 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 0 0 0 X THE ORGANIZATION 9733211220 125 ELLISON STREET 4TH FLOOR PATERSON NJ 07505 X HARVEY NUTTER TRUSTEE 2.00 X 0 0 0 ORLANDO CRUZ BOARD CHAIRMAN 2.00 X 0 0 0 MICHAEL POWELL EXECUTIVE DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6355 4766 1589 6413 4810 1603 180 180 33210 33210 458 458 20076 20076 9846 9846 REPAIRS AND MAINTENANCE 348 348 BANK SERVICE CHARGES 140 140 MISCELLANEOUS EXPENSE 5 5 77031 73839 3192 0 36952 2232 502 503 4922 479 9932422 164797 9675665 9767625 965941 965941 10684461 10736301 2454 10710621 10837038 10710621 10839492 X -26160 -103191 -26160 -103191 10684461 10736301 -77031 0 X 0 0 0 492000 492000 8326148 164797 8161351 1114274 1114274 9767625 CONSTRUCTION SOFT COSTS 965941 965941 LOAN - PATERSON URBAN ENT ZONE 5000000 LOAN - COM DEV BLOCK GRANT-NON AMORT 1295000 LOAN PATERSON RESTORATION CORP 4534635 TENANT SECURITY DEPOSIT 5000 LOAN 75-81 ELLISON STREET 2403 10837038 FORM 990, PART VI, SECTION B, LINE 11B 163-177 PENNSYLVANIA AVENUE INC HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS PROVIDED TO THE MEMBERS OF THE ORGANIZATIONS GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH A REASONABLE AMOUNT OF TIME TO REVIEW THE FORM 990. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED THROUGH MANAGEMENT TO THE OUTSIDE ACCOUNTING FIRM. ANY APPLICABLE ISSUES ARE ADDRESSED PRIOR TO THE RETURN BEING FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12 163-177 PENNSYLVANIA AVENUE INC CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT REGULARLY MONITORS AND ENFORCES. THE BOARD MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, GOVERNING BODY AND MANAGEMENT WILL INVESTIGATE THE ISSUE. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST MANAGEMENT AND THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY. THE MEMBER WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THAT THERE IS NO LONGER A CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 163-177 PENNSYLVANIA AVENUE INC MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT 125 ELLISON STREET 4TH FLOOR PATERSON, NJ 07505. IN ADDITION, FORM 1023 AS WELL AS THE FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT 125 ELLISON STREET 4TH FLOOR PATERSON, NJ 07505.