2024-05-14T15:08:31-05:00 2023-06-30 812950760 SAX LLP 389 INTERPACE PARKWAY STE 3 PARSIPPANY NJ 07054 990 2022-07-01 223282526 NEW JERSEY COMMUNITY DEVELOPMENT CORPORATION NEWJ 9734131600 PO BOX 6976 PATERSON NJ 07509 ROBERT GUARASCI CEO 9734131600 2024-05-14 1 ROBERT GUARASCI 999009999 0 MARQUS WHITE P00053187 9734726250 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROBERT GUARASCI PO BOX 6976 PATERSON NJ 07509 14694153 0 X WWW.NJCDC.ORG X 1994 NJ NJCDC IS A NON-PROFIT COMMUNITY DEVELOPMENT AND SOCIAL SERVICE AGENCY INCORPORATED IN THE STATE OF NEW JERSEY TO PROVIDE SERVICES IN THE AREAS OF EDUCATION, COMMUNITY DEVELOPMENT, YOUTH DEVELOPMENT, AND AFFORDABLE HOUSING. 12 12 188 500 0 0 7356929 10883320 3043221 3599091 182243 136506 -27720 -24920 10554673 14593997 0 0 0 0 6196915 6691958 0 0 173319 3502613 4322410 9699528 11014368 855145 3579629 39695881 46274437 14634322 17382560 25061559 28891877 X NJCDC SERVES 4,000 CHILDREN AND FAMILIES EACH DAY THROUGH A VARIETY OF COMMUNITY DEVELOPMENT, YOUTH DEVELOPMENT AND EDUCATIONAL SERVICES LARGELY WITHIN PARTERSON'S GREAT FALLS NEIGHBORHOOD. 0 0 3535766 3599091 SUPPORTIVE HOUSING NJCDC BUILDS AND OPERATES RESIDENTIAL PROGRAMS FOR ADULTS WITH DEVELOPMENTAL DISABILITIES, HOMELESS YOUTH, YOUTH AGING-OUT OF FOSTER CARE, AND PEOPLE WHO ARE HOMELESS WITH A MENTAL ILLNESS. IN PROVIDING SUPPORTIVE HOUSING, OUR GOAL IS TO OFFER HIGH-QUALITY HOUSING. AT THE SAME TIME WE OFFER A RANGE OF SERVICES DESIGNED TO HELP OUR RESIDENTS OVERCOME OBSTACLES AND LIVE RICH AND FULFILLING LIVES IN THE COMMUNITY. 3434744 YOUTH DEVELOPMENT PROGRAMSNJCDC OPERATES A NUMBER OF YOUTH DEVELOPMENT PROGRAMS DESIGNED TO PROVIDE YOUNG PEOPLE WITH A VARIETY OF SERVICES TO OVERCOME OBSTACLES AND REACH THEIR FULL POTENTIAL. THIS INCLUDES FOUR SCHOOL-BASED TEEN CENTERS, INITIATIVES TO TURN SCHOOLS INTO NEIGHBORHOOD CENTERS, AND AN AMERICORPS INITIATIVE THAT RECRUITS INDIVIDUALS TO COMMIT A YEAR OF SERVICE TO INNER-CITY STUDENTS. 2323503 EDUCATIONAL SERVICES NJCDC PROVIDES EDUCATIONAL SERVICES TO MORE THAN ONE THOUSAND YOUNG PEOPLE EACH DAY THROUGH THE OPERATION OF A PRESCHOOL, BY FOUNDING AND SUPPORTING THE COMMUNITY CHARTER SCHOOL OF PATERSON, BY PARTNERING WITH THE PATERSON SCHOOL DISTRICT TO OPERATE THE GARRETT MORGAN ACADEMY HIGH SCHOOL, BY OPERATING INITIATIVES TO PROMOTE COLLEGE READINESS, AND ENGAGING IN PARTNERSHIPS TO TEACH VOCATIONAL SKILLS. IN PROVIDING EDUCATIONAL SERVICES, OUR OBJECTIVE IS TO PROMOTE STUDENT ACHIEVEMENT AT THE SAME TIME WE OFFER SERVICES TO PROMOTE INDIVIDUAL AND FAMILY WELL-BEING. 808175 COMMUNITY DEVELOPMENTNJCDC SEEKS TO IMPROVE THE QUALITY OF LIFE FOR PATERSON RESIDENTS LIVING IN AND AROUND PATERSON'S GREAT FALLS NEIGHBORHOOD. OUR GOAL IS TO REVITALIZE THIS NEIGHBORHOOD TO IMPROVE THE SOCIAL, ECONOMIC AND PHYSICAL ELEMENTS OF THE AREA. 808175 10102188 1 1 0 0 0 0 1 0 0 1 1 1 1 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 114 0 1 188 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X KATHIE MENDEZ 9734131600 32 SPRUCE STREET PATERSON NJ 07501 DONALD F BUCKLEY CHAIR 1.00 X 0 0 0 ANTHONY COSCIA VICE CHAIR 1.00 X 0 0 0 DAVID BERNINGER TREASURER 1.00 X 0 0 0 CARLINE MORRISON SECRETARY 1.00 X 0 0 0 NITA DAS TRUSTEE 1.00 X 0 0 0 ETTA RUDOLF DENK TRUSTEE 1.00 X 0 0 0 KENYATTA STEWART TRUSTEE 1.00 X 0 0 0 ROBERT S GARRISON TRUSTEE 1.00 X 0 0 0 WILLIAM PASCRELL III TRUSTEE 1.00 X 0 0 0 ERIC DALEO TRUSTEE 1.00 X 0 0 0 MARTIN VERGARA II TRUSTEE 1.00 X 0 0 0 VICTOR HERLINSKY JR TRUSTEE 1.00 X 0 0 0 ROBERT GUARASCI PRESIDENT & CEO 60.00 6.00 X 207000 0 11741 KATHIE MENDEZ CFO 50.00 3.00 X 149823 0 25989 MICHAEL DEBLASIO VP 50.00 3.00 X 129470 0 0 486293 0 37730 3 0 1 0 PRACTICAL LLC 987 E GLEN AVE RIDGEWOOD NJ 07450 GENERAL CONTRACTORS FOR REAL ESTATE PROJ 1619258 AMERIBUILT NJ INC 17-20 WILLOW ST FAIR LAWN NJ 07410 GENERAL CONTRACTORS FOR REAL ESTATE PROJ 738692 RBUILD LLC 45 N SPRING STREET BLOOMFIELD NJ 07003 GENERAL CONTRACTORS FOR REAL ESTATE PROJ 125555 3 252618 8113992 2516710 10883320 PROGRAM SUPPORT 900003 3599091 3599091 3599091 136506 136506 56410 252618 86297 -29887 -29887 18826 13859 4967 4967 14593997 3599091 0 111586 453143 245640 177263 30240 5052021 4692898 302215 56908 676195 630369 36619 9207 510599 460619 42128 7852 72000 72000 711273 641672 58666 10935 46259 41731 3817 711 265426 242060 19695 3671 157224 133703 19647 3874 14986 13520 1236 230 27719 25006 2287 426 126824 121637 5187 675624 663899 11725 283041 256517 22357 4167 PROGRAM EXPENSE 1390035 1390035 REPAIRS & MAINTENANCE 221736 206700 12674 2362 FACILITY COSTS 219384 197909 18101 3374 OTHER FUNDRAISING EXEPE 38384 38384 72495 66273 5244 978 11014368 10102188 738861 173319 50568 201777 3084255 5855951 843480 1766415 403302 194985 3603908 3538594 164077 76759 33169159 10291014 18881148 22878145 8767595 8307999 3096176 3096147 801372 357665 39695881 46274437 910599 1162007 713088 867636 3697358 6380109 9225449 8522903 87828 449905 14634322 17382560 X 22523817 26246221 2537742 2645656 25061559 28891877 39695881 46274437 3579629 250689 0 X X 0 1 X 1 1 1 X 8999481 7901665 9189455 7356929 10883320 44330850 8999481 7901665 9189455 7356929 10883320 44330850 44330850 113258 116429 110158 181943 136506 658294 12966 9567 4967 27500 45016644 13851465 0.98480 0.98490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 0.16 1 1 0 1 37487 37487 39405 -1918 37487 31468 7937 39405 32178 -710 31468 28873 3384 159 32178 1.00000 0 0 1108227 1108227 30138555 8852185 21286370 786085 781446 4639 1136292 657383 478909 22878145 INVESTMENTS 8307999 F 8307999 INVESTMENTS IN RELATED ENTITIES 3096147 C 3096147 TENANT SECURITY DEPOSITS 8579 DUE FROM PARTNERSHIPS 124651 LINES OF CREDIT 312861 ECONOMIC INJURY DISASTER LOAN ("EIDL"), CURRENT PORTION 3814 449905 X 16479074 250689 241344 2319544 2811577 13667497 926500 926500 14593997 12534265 241344 1278553 1519897 11014368 0 11014368 PART II, LINE 9: DURING THE CURRENT YEAR, NO REVENUE OR EXPENDITURES WERE REPORTED ON NJCDC'S FINANCIAL STATEMENT. ASSET IS RECORDED ON THE BOOKS OF THE COMPANY. PART V, LINE 4: NEW JERSEY COMMUNITY DEVELOPMENT CORPORATION (NJCDC) ESTABLISED THE ENDOWMENT FUND TO PROVIDE ONGOING SUPPORT TO VARIOUS ASPECTS OF THE NJCDC'S PROGRAMS. PART X, LINE 2: INCOME TAX STATUS - NJCDC QUALIFIES AS A TAX EXEMPT ORGANIZATION UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509 (A). NJCDC MARION, LLC IS A SINGLE MEMBER LLC OF NJCDC, WHICH IS A TAX EXEMPT ORGANIZATION AS MENTIONED ABOVE. SPRUCE TERRACE, LLC IS A SINGLE MEMBER LLC OF NJCDC, WHICH IS A TAX EXEMPT ORGANIZATION AS MENTIONED ABOVE. OLIVER'S CORNER NON PROFIT, LLC IS A SINGLE MEMBER LLC OF NJCDC, WHICH IS A TAX EXEMPT ORGANIZATION AS MENTIONED ABOVE. MANAGEMENT EVALUATED THE AGENCY'S TAX POSITIONS AND CONCLUDED THAT THE AGENCY HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. THE AGENCY FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION, AS WELL AS IN ONE STATE JURISDICTION. WITH FEW EXCEPTIONS, THE AGENCY IS NOT SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES UNLESS THE AGENCY WAS ENGAGED IN ACTIVITIES THAT WOULD GENERATE UNRELATED BUSINESS INCOME. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 100,156. INCOME FROM AFFILIATE 2,219,388. PART XI, LINE 4B - OTHER ADJUSTMENTS: MANAGEMENT FEE & REPAIRS & MAINT EXPENSE FROM CONSOLIDATED AFFILIATES 926,500. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 100,156. EXPENSE FROM AFFILIATE 1,178,397. DESCRIPTION FOR PART XII & PART XIII, LINE 2D: THIS AMOUNT INCLUDES REVENUE AND EXPENSES FROM AFFILIATES AND SPECIAL EVENT EXPENSES. ANNUAL DINNER 213905 179959 33946 54565 GOLF 85720 63256 22464 31732 1 9403 9403 309028 252618 56410 86297 86297 -29887 18826 13859 0 18826 13859 13859 4967 NJ 0 0 1 0 1.00000 NEW JERSEY COMMUNITY DEVELOPMENT CORPORATION PO BOX 6976 PATERSON NJ 07509 0 FULL HOUSE CASINO ENTERTAINMENT 3845 FULL HOUSE MANAGED THE EVENT AND PROVIDED DEALERS AND SUPPLIES. X 0 X 0 0 0 0 0 0 0 0 0 ROBERT GUARASCI PRESIDENT & CEO 207000 0 0 0 0 0 0 0 11741 0 218741 0 0 0 KATHIE MENDEZ CFO 149823 0 0 0 0 0 0 0 25989 0 175812 0 0 0 A NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY 222045817 2012-02-14 1500000 TO RENOVATE AND REHABILITATE THE REAR PORTION OF 16-32 SPRUCE STREET 0 0 0 A 0 0 1 1 A 0 0 0 0 1 0 1 A 0 0 0 0 0 0 0 0 0 A 0 IRC SECTION 168 ELECTION NEW JERSEY COMMUNITY DEVELOPMENT CORP. (NJCDC) PO BOX 6976 PATERSON, NEW JERSEY 07509 EIN: 22-3282526 NJCDC-CAPC LLC EIN: 84-2878166 NJCDC - NJCDC-CAPC, LLC HEREBY MAKES AN ELECTION IN ACCORDANCE WITH SECTION 168(H)(6)(F)(II) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"), WHICH PROVIDES THAT ANY GAIN RECOGNIZED BY A TAX-EXEMPT ENTITY (AS DEFINED IN SECTION 168(H)(2) OF THE CODE) ON ANY DISPOSITION OF SUCH INTEREST (AND ANY DIVIDEND OR INTEREST INCOME RECEIVED OR ACCRUED BY SUCH TAX-EXEMPT ENTITY FROM SUCH DISPOSITION) SHALL BE TREATED AS UNRELATED BUSINESS TAXABLE INCOME FOR PURPOSES OF SECTION 511 OF THE CODE. THIS ELECTION IS IRREVOCABLE AND BINDS ANY TAX-EXEMPT ENTITY HOLDING INTERESTS IN NJCDC-CAPC, LLC.HEREBY MAKES AN ELECTION IN ACCORDANCE WITH SECTION 168(H)(6)(F)(II) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"). NJCDC FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PRESENTED AND REVIEWED AT THE BOARD MEETING PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EVERY EMPLOYEE UPON HIRING IS ASKED AND GIVEN AN EMPLOYEE MANUAL TO DETERMINE IF THERE IS A CONFLICT OF INTEREST. WE ASK THEM TO DISCLOSE IT AT ANY TIME. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE CEO IS DETERMINED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION BY ANYONE DURING NORMAL BUSINESS HOURS UPON REQUEST. IT IS ALSO AVAILABLE FOR INSPECTION ON THE GUIDE STAR WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNANCE DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR VIEWING BY THE PUBLIC AT THE ADMINISTRATIVE OFFICE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE FINANCIAL STATEMENTS ARE PRESENTED TO AND REVIEWED BY THE ENTIRE BOARD. NJCDC MARION STREET LLC PO BOX 6976 PATERSON NJ 07509 261473978 RENTAL ACTIVITY NJ 166901 1058021 NEW JERSEY COMMUNITY DEVELOPMENT CORP SPRUCE TERRACE LLC PO BOX 6976 PATERSON NJ 07509 270147039 RENTAL ACTIVITY NJ 112980 1904139 NEW JERSEY COMMUNITY DEVELOPMENT CORP OLIVER'S CORNER NON PROFIT LLC PO BOX 6976 PATERSON NJ 07509 474794048 RENTAL ACTIVITY NJ 423897 2466482 NEW JERSEY COMMUNITY DEVELOPMENT CORP 75 SPRUCE STREET DEVELOPMENT INC PO BOX 6976 PATERSON NJ 07509 261150169 RENTAL ACTIVITY NJ 501(C)(3) LINE 12A, I NEW JERSEY COMMUNITY DEVELOPMENT CORP 1 HAWTHORNE SUPPORTIVE HOUSING INC PO BOX 6976 PATERSON NJ 07509 201505451 RENTAL ACTIVITY NJ 501(C)(3) LINE 7 NEW JERSEY COMMUNITY DEVELOPMENT CORP 1 GREAT FALLS HOUSING CORPORATION PO BOX 6976 PATERSON NJ 07509 272230034 RENTAL ACTIVITY NJ 501(C)(3) LINE 7 NEW JERSEY COMMUNITY DEVELOPMENT CORP 1 NJCDC CONGDON MILL INC PO BOX 6976 PATERSON NJ 07509 272004835 HOLDING COMPANY FOR RENTAL ACTIVITY NJ NEW JERSEY COMMUNITY DEVELOPMENT CORP C -500 0.50000 1 BIRCH STREET MANAGMENT INC PO BOX 6976 PATERSON NJ 07509 204705519 HOLDING COMPANY FOR RENTAL ACTIVITY NJ NEW JERSEY COMMUNITY DEVELOPMENT CORP C -517 499722 1.00000 1 NJCDC-CAPC HOUSING LLC 32 SPRUCE STREET PATERSON NJ 07501 842878166 HOLDING COMPANY FOR RENTAL ACTIVITY NJ NEW JERSEY COMMUNITY DEVELOPMENT CORP C 0.50000 0 0 0 0 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 75 SPRUCE STREET DEVELOPMENT D 4994463 75 SPRUCE STREET DEVELOPMENT L 734500 HAWTHORNE SUPPORTIVE HOUSING INC D 902847 HAWTHORNE SUPPORTIVE HOUSING INC L 72000 GREAT FALLS HOUSING CORPORATION D 9527 GREAT FALLS HOUSING CORPORATION L 120000