2025-01-20T00:27:14-08:00 2024-09-30 222639635 Polcari & Co CPAs 2035 Hamburg Turnpike Unit H Wayne NJ 07470 990 2023-10-01 223614788 HOLLY CITY DEVELOPMENT CORPORATION HOLL 8568258860 14 E MULBERRY STREET MILLVILLE NJ 08332 HEATHER SANTORO Executive Director 2025-01-20 true true ANTHONY G POLCARI P01444095 9738316969 2023 2024-10-15 13:58:12Z 14 E MULBERRY STREET MILLVILLE NJ 08332 1647793 false X N/A X CONTINUOUS COMMUNITY RENEWAL THROUGH THE AREAS OF: DEVELOPMENT AND REDEVELOPMENT OF REAL ESTATE; HOUSING CONSTRUCTION, REHABILITATION AND FINANCING; COMMUNITY BUILDING AND RESIDENT ENGAGEMENT AND ECONOMOIC DEVELOPMENT 7 7 3 0 885176 1491271 153819 156511 76 11 0 1039071 1647793 73530 251499 0 147734 152956 0 0 816073 425662 1037337 830117 1734 817676 1444595 2187995 156472 82196 1288123 2105799 CONTINUOUS COMMUNITY RENEWAL THROUGH THE AREAS OF: DEVELOPMENT AND REDEVELOPMENT OF REAL ESTATE; HOUSING CONSTRUCTION, REHABILITATION AND FINANCING; COMMUNITY BUILDING AND RESIDENT ENGAGEMENT AND ECONOMOIC DEVELOPMENT false false 742169 251499 1647793 ASSIST IN THE REDEVELOPMENT OF CENTER-CITY MILLVILLE TO IMPROVE THE QUALITY OF LIFE FOR THE RESIDENTS OF THE CITY OF MILLVILLE 742169 true false false false false false false false false false true false false false true true true false false false false false false false false false false true true false false false false false false false false false false false false false false false false false false true 2 0 true 3 true false false false false false false false 0 false false false false false false false X 7 7 false false false false false false false true false false false true true true true true true false false false X HEATHER SANTORO EXECUTIVE DIR 8568258860 14 E MULBERRY STREET MILLVILLE NJ 08332 X MICHAEL DEPALMA Trustee 0.50 0.00 X 0 0 0 JOHN KNOOP Vice Chair 0.50 0.00 X X 0 0 0 JAMES PARENT Board Chair 0.50 0.00 X X 0 0 0 MICHAEL SANTIAGO Trustee 0.00 0.00 X 0 0 0 TINA GILLAM Trustee 0.50 0.00 X 0 0 0 PAULA RING Secretary 0.50 0.00 X X 0 0 0 CURTIS ZIMMERMAN Trustee 0.50 0.00 X X 0 0 0 0 false false false 0 1263128 228143 1491271 MANAGEMENT FEES 124850 124850 MISCELLANEOUS REVENUE RENTAL INCOME 31661 31661 156511 11 11 0 0 0 0 0 0 0 0 1647793 156522 X 218390 218390 33109 33109 0 0 0 0 122368 96953 25415 1190 734 456 18370 17784 586 11028 8741 2287 0 9293 9293 1347 1347 0 0 0 111830 111830 1929 1929 0 6161 6161 0 68089 55419 12670 3238 250 2988 0 0 1223 1223 0 25258 20202 5056 14776 11821 2955 LIBRARY REHAB AND EXPANSION 68000 68000 CENTER CITY IMPROVEMENTS 31694 31694 SUPPLIES 26259 23890 2369 SMALL BUSINESS COORDINATOR 22000 22000 34565 21352 13213 830117 742169 87948 0 531451 1329423 0 155560 62239 24357 20313 0 0 0 0 4733 6871 927065 213602 726971 713463 0 0 0 1523 5686 50000 1444595 2187995 1971 35006 150000 4501 47190 156472 82196 X 1270615 1501169 17508 604630 1288123 2105799 1444595 2187995 817676 X false true X true false X 435432 606882 1082678 904656 1463128 4492776 0 0 0 0 435432 606882 1082678 904656 1463128 4492776 0 0 4492776 1021 49 76 11 1157 0 1021 49 76 11 1157 0 0 435432 607903 1082727 904732 1463139 4493933 0.99970 0.99960 0.00030 0.00040 X 13451 13451 903174 203913 699261 10440 9689 751 713463 DEFERRED REVENUE 40500 LEASE LIABILTIY 5715 TENANT SECURITY DEPOSITS 975 47190 X 1647793 1647793 1647793 830117 830117 830117 Part X : FIN48 Footnote EFFECTIVE OCTOBER 1, 2008, THE ORGANIZATION ADOPTED INTERPRETATION (FIN) 48, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AN INTERPRETATION OF FASB STATEMENT NO. 109." FIN 48 PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. FOR THE ORGANIZATION, TAX POSITIONS TAKEN INCLUDE THE ENTITY'S STATUS AS A NOT-FOR-PROFIT CORPORATION AND THE APPROVAL AND QUALIFICATIONS FOR THIS STATUS. THE ASSOCIATION FILES AN ANNUAL FORM 990 WITH THE INTERNAL REVENUE SERVICE AND ITS TAX RETURNS FOR THE YEAR 2019 AND SUBSEQUENT YEARS REMAIN SUBJECT TO EXAMINATION BY TAX AUTHORITIES. true 4 THE LOVE OF VEGAN 410 N HIGH STREET MIMLLVILLE NJ 08332 8515 0 BUILDING IMPVMTS. & EQUIPMENT CAMILYA BEAUTY STUDIO 319 N HIGH STREET MILLVILLE NJ 08332 6100 0 BUILDING IMPVMTS. & EQUIPMENT COLONIAL FLOWERS 311 N HIGH STREET MILLVILLE NJ 08332 10000 0 BUILDING IMPVMTS. & EQUIPMENT CUMBERLAND CHIROPRACTIC 122 NORTH 2nd STREET 6512 MILLVILLE NJ 08332 154382558 7988 0 UTILITY PAYMENTS DURING COVID DC GALLERY & STUDIO 508 N HIGH STREET MILLVILLE NJ 08332 6500 0 BUILDING IMPVMTS. & EQUIPMENT FULL CIRCLE TRAINING 14 EAST MULBERRY STREET MILLVILLE NJ 08332 841997914 9569 0 BUILDING IMPVMTS. & EQUIPMENT HOLLY CITY FAMILY CENTER 8 E MULBERRY STREET MILLVILLE NJ 08332 813294806 10000 0 BUILDING IMPVMTS. & EQUIPMENT HONG PONG TA CHINA WOK 301 N HIGH STREET MILLVILLE NJ 08332 10000 0 BUILDING IMPVMTS. & EQUIPMENT JERSEY KICKBOXING 307 N HIGH STREET MILLVILLE NJ 08332 10000 0 BUILDING IMPVMTS. & EQUIPMENT KENYAS BARBER SHOP 1 E BROAD STREET MILLVILLE NJ 08332 10000 0 BUILDING IMPVMTS. & EQUIPMENT MGM CARPET & FLOORING 23 N HIGH STREET MILLVILLE NJ 08332 9988 0 BUILDING IMPVMTS. & EQUIPMENT OUR FUTURE FIRST 1107 N HIGH STREET MILLVILLE NJ 08332 10000 0 BUILDING IMPVMTS. & EQUIPMENT US TAEKWANDO CENTER 113 N HIGH STREET MILLVILLE NJ 08332 26149 0 INTERNSHIP TRAINING PROGRAM US TAEKWONDO CENTER 113 N HIGH STREET MILLVILLE NJ 08332 10000 0 BUILDING IMPVMTS. & EQUIPMENT VILLAGE ON HIGH 501 N HIGH STREET MILLVILLE NJ 08332 10000 0 BUILDING IMPVMTS. & EQUIPMENT WILDFLOWER VEGAN CAFE 501 N HIGH STREET MILLVILLE NJ 08832 454907248 10000 0 BUILDING IMPVMTS. & EQUIPMENT 1 15 Grantmaker's Description of How Grants are Used DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2023 HOLLY CITY DEVELOPMENT CORPORATION (HCDC) WAS AWARDED A GRANT FROM THE STATE OF NEW JERSEY NEIGHBORHOOD REVITALIZATION TAX CREDIT (nrtc) PROGRAM. A PORTION OF THIS GRANT WAS TO ASSIST LOCAL BUSINESSES IN MILLVILLE, NEW JERSEY IN ORDER TO HELP REVITALIZE CENTER CITY MILLVILLE. PAYMENTS WERE MADE DIRECTLY TO BUSINESSES TO ASSIST THEM IN HIRING INTERNS. TO MONITOR THE RECIPIENTS' USE OF THE GRANT AWARDS, HOLLY CITY DEVELOPMENT REQUIRED THE BUSINESSES RECEIVING GRANT FUNDS TO PROVIDE PAYROLL RECORDS TO VERIFY THAT THE FUNDS RECEIVED WERE USED FOR THE INTENDED PURPOSE. COPIES OF THESE DOCUMENTS ARE MAINTAINED AT THE OFFICES OF HCDC Form 990, Part VI, Section B, Line 11b It is the Organization's policy to present the Form 990 to the full Board of Directors, including all schedules. Each member of the Board of Directors will receive a copy of the Form 990 prior to submission of the form to the Internal Revenue Service. The Form 990 will not be filed until all members of the Board of Directors have reviewed tghe completed FOrm 990. Form 990, Part VI, Section B, Line 12c Board members are required to disclose in writing to the entire Board if they, or any member of their immediate family, or any organization with which they are affiliated has a conflict of interest with the organization. Board members with such relationships will not be eligible to vote on matters directly pertaining to the business to be transacted with the identified person or organization or on issues that my result in any benefit inuring to the benefit of the identified person or organizatoin. Form 990, Part VI, Section C, Line 19 The Form 990 is available to the public upon request. Copies are provided immediately in the case of in-person requests. Requests received in writing, by phone, or by fax or e-mail are honored by directing the individual requesting the information to our website. The current Form 990 as well as for the previous five years (not including Schedule B), conflict of interest policy, and annual report can be found on the organization's website in adobe format. The organization reserves the right to charge a reasonable copying fee plus actual postage for multiple copies requested from the same individual or related group of individuals.