2024-09-03T11:55:01-05:00 2023-12-31 222066886 MOHEL ELLIOTT BAUER & GASS CPAS PA 8 EXECUTIVE DRIVE SUITE 1 TOMS RIVER NJ 08755 990 2023-01-01 311604974 LAKEWOOD DEVELOPMENT CORPORATION LAKE 7323642500 231 THIRD STREET LAKEWOOD NJ 08701 ABRAHAM MULLER CHAIRMAN OF THE BOARD 7323642500 2024-08-19 1 0 GERWIN K BAUER P00064608 7323636500 2024-08-14 2023 2024-08-08 14:25:15Z ABRAHAM MULLER 231 THIRD STREET LAKEWOOD NJ 08701 2236613 0 X N/A X 1997 NJ CREATED BY THE TOWNSHIP OF LAKEWOOD TO PROMOTE, ENCOURAGE AND ASSIST THE INDUSTRIAL, COMMERCIAL AND ECONOMIC DEVELOPMENT OF THE LAKEWOOD URBAN ENTERPRISE ZONE AND TO IMPROVE PROPERTY IN THE ZONE. 8 8 3 0 0 0 1988803 2038304 0 0 57999 170184 27654 28125 2074456 2236613 0 0 0 0 305097 314519 0 0 0 309531 576778 614628 891297 1459828 1345316 19635710 20990371 5502 14847 19630208 20975524 TO PROMOTE, ENCOURAGE AND ASSIST THE INDUSTRIAL, COMMERCIAL AND ECONOMIC DEVELOPMENT OF THELAKEWOOD URBAN ENTERPRISE ZONE, JOB CREATION AND TO IMPROVE PROPERTY IN THE ZONE. 0 0 514864 LAKEWOOD TOWNSHIP SERVICES/OPERATIONS, INCLUDING STRAND THEATER RENOVATIONS AND REPAIRS, FRANKLIN STREET REDEVELOPMENT, BUSINESS ASSISTANCE INITIATIVE BUSINESS TO BUSINESS NETWORKING. 261356 SMALL BUSINESS TECHNOLOGY IN LAKEWOOD 64561 CONSULTING SERVICES IN ASSISTANCE WITH LAKEWOOD TOWNSHIP PLANNING AND ORGANIZING SHUTTLE SCHEDULE, ROUTES, AND TIMING OF THE BUSES 840781 1 0 0 0 0 0 1 0 0 0 1 0 1 1 1 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 0 1 0 0 3 1 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X LAKEWOOD DEVELOPMENT CORPORATION 7323642500 231 THIRD STREET LAKEWOOD NJ 08701 X PATRICK DONNELLY TRUSTEE 1.00 X 0 0 0 DEBORAH FUENTES TRUSTEE 1.00 X 0 0 0 LEIB GOLD TRUSTEE 1.00 X 0 0 0 MICHAEL MCNEIL TRUSTEE 1.00 X 0 0 0 ELI RENNERT TRUSTEE 1.00 X 0 0 0 ABRAHAM MULLER CHAIRMAN 3.00 X 0 0 0 RAYMOND COLES VICE CHAIRMAN 3.00 X 0 0 0 RABBI MOSHE ZEV WEISBERG SECRETARY/TREAS 3.00 X 0 0 0 0 0 0 1 0 0 0 0 2038304 2038304 170184 170184 OTHER INCOME 531390 28125 28125 28125 2236613 0 0 198309 X 232400 209741 22659 2295 2065 230 58448 52603 5845 21376 19444 1932 9767 8790 977 20655 18590 2065 15069 13676 1393 4976 4491 485 12000 12000 SMALL BUSINESS TECHNOLO 261356 261356 LAKEWOOD SHUTTLE LIAISO 64561 64561 FAP PROGRAMS 48132 48132 POLICE DRONES AND TRAIN 26450 26450 113812 110882 2930 891297 840781 50516 0 155244 171595 5786831 3903795 821328 2538073 7749209 7749209 7749209 3261995 3322235 1861103 3305464 19635710 20990371 5502 14847 5502 14847 X 17549086 17455507 2081122 3520017 19630208 20975524 19635710 20990371 1345316 0 X X 0 0 0 X X 0 7749209 7749209 7749209 CERTIFICATES OF DEPOSIT 3322235 C 3322235 DUE FROM LAKEWOOD TOWNSHIP NJUEZA GRANTS 3305464 3305464 DUE TO LAKEWOOD TOWNSHIP 14847 14847 X 2236613 0 2236613 0 2236613 891297 0 891297 0 891297 PART X, LINE 2: THE ORGANIZATION REGULARLY REVIEWS AND EVALUATES ITS TAX POSITIONS TAKEN IN PREVIOUSLY FILED INFORMATION RETURN AND AS REFLECTED IN ITS FINANCIAL STATEMENTS, WITH REGARD TO ISSUES AFFECTING ITS TAX EXEMPT STATUS, UNRELATED BUSINESS INCOME, AND RELATED MATTERS. THE ORGANIZATION BELIEVES THAT IN THE EVENT OF AN EXAMINATION BY TAXING AUTHORITIES, THE ORGANIZATION'S POSITIONS WOULD PREVAIL BASED UPON THE TECHNICAL MERITS OF SUCH POSITIONS. THEREFORE, THE ORGANIZATION HAS CONCLUDED THAT NO TAX BENEFITS OR LIABILITIES ARE REQUIRED TO BE RECOGNIZED. FORM 990, PART VI, SECTION B, LINE 11B BOARD OF DIRECTORS WILL REVIEW ALL FEDERAL TAX FILINGS AND APPROVE BEFORE SUBMITTING TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C A FORM PRESCRIBED BY THE STATE OF NEW JERSEY IS COMPLETED ANNUALLY THAT REQUIRES ALL BOARD MEMBERS AND EMPLOYEES TO DISCLOSE ALL RELATED PARTIES AND SUSTAIN FROM VOTING ON ISSUES IN WHICH A CONFLICT IS PRESENT. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR POSITION IS APPOINTED BY THE BOARD OF TRUSTEES AND TACITLY APPROVED BY THE STATE OF NEW JERSEY THROUGH THE ADMINISTRATIVE BUDGET GRANT. ALL EMPLOYEES OF LDC ARE HIRED BY THE EXECUTIVE DIRECTOR AND THEIR SALARIES AND INCREASES ARE APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC ON THE INTERNET AT WWW.GUIDESTAR.ORG. FORM 990, PART IX, LINE 24E CUSTOMER WEB PORTAL: PROGRAM SERVICE EXPENSES 25,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,000. DOWNTOWN HOLIDAY LIGHTING: PROGRAM SERVICE EXPENSES 24,810. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,810. DOWNTOWN DISTRICT COMPACTORS: PROGRAM SERVICE EXPENSES 20,950. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,950. ADVERTISING MARKETING AND SPECIAL EVENTS: PROGRAM SERVICE EXPENSES 16,374. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,374. STRAND THEATER PHASE III: PROGRAM SERVICE EXPENSES 12,578. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,578. GENERAL INSURANCE: PROGRAM SERVICE EXPENSES 8,095. MANAGEMENT AND GENERAL EXPENSES 875. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,970. FINANCIAL ASSISTANCE VIII INSURANCE: PROGRAM SERVICE EXPENSES 3,075. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,075. FOREIGN TRADE ZONE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,055. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,055. FORM 990, PART XII, LINE 2C: A DRAFT OF THE FINANCIAL STATEMENTS IS PRESENTED TO THE TRUSTEES FOR REVIEW AND APPROVAL.