2025-09-30T08:43:59-05:00 2024-12-31 932854873 VENNING 8 EXECUTIVE DR STE 1 TOMS RIVER NJ 08755 990 2024-01-01 311604974 LAKEWOOD DEVELOPMENT CORPORATION LAKE 7323642500 231 THIRD STREET LAKEWOOD NJ 08701 ABRAHAM MULLER CHAIRMAN OF THE BOARD 7323642500 2025-09-24 1 0 GERWIN K BAUER P00064608 7323636500 2024 2025-03-06 01:10:19Z ABRAHAM MULLER 231 THIRD STREET LAKEWOOD NJ 08701 4349642 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 4 0 0 0 2038304 4168993 0 0 170184 140164 28125 40485 2236613 4349642 0 0 0 0 314519 441309 0 0 0 576778 2232250 891297 2673559 1345316 1676083 20990371 19473047 14847 0 20975524 19473047 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 1579784 LAKEWOOD TOWNSHIP SERVICES/OPERATIONS, INCLUDING STRAND THEATER RENOVATIONS AND REPAIRS, FRANKLIN STREET REDEVELOPMENT, BUSINESS ASSISTANCE INITIATIVE BUSINESS TO BUSINESS NETWORKING. 658300 LAKEWOOD EMERGENCY MEDICAL SERVICES 365420 FINANCIAL ASSISTANCE VIII - UEZ FUNDING FOR BUSINESS EXPANSION LOANS, AND INCENTIVES/GRANTS TO UEZ REGISTERED BUSINESSES THAT QUALIFY 2603504 1 0 0 0 0 0 1 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 4 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 DAVID KLEIN EXECUTIVE DIRECTOR 40.00 X 172244 0 0 172244 0 0 1 0 1 0 0 4168993 4168993 140164 140164 OTHER INCOME 531390 40485 40485 40485 4349642 0 0 180649 X 327228 288705 38523 2108 1897 211 82532 74279 8253 29441 24472 4969 10121 9109 1012 22115 19903 2212 16282 13793 2489 35824 31606 4218 12000 9000 3000 EMERGENCY MEDICAL SERVI 658300 658300 FINANCIAL ASSISTANCE VI 365420 365420 LAKEWOOD STUDY SQUARE 250000 250000 EMERGENCY COMMAND POST 150000 150000 712188 707020 5168 2673559 2603504 70055 0 171595 263936 3903795 2995221 2538073 1952039 8920649 7749209 8920649 3322235 3305464 5341202 20990371 19473047 14847 0 14847 0 X 17455507 14015068 3520017 5457979 20975524 19473047 20990371 19473047 X 1676083 -3178560 X X 0 0 0 X X 0 8920649 8920649 8920649 DUE FROM LAKEWOOD TOWNSHIP NJUEZA GRANTS 5341202 5341202 X 4349642 0 4349642 0 4349642 2673559 0 2673559 0 2673559 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. 0 0 0 0 0 0 0 0 0 DAVID KLEIN EXECUTIVE DIRECTOR 172244 0 0 0 0 0 0 0 0 0 172244 0 0 0 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 SHUTTLE LIAISON: PROGRAM SERVICE EXPENSES 137,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 137,500. REVOLVING LOAN PROGRAM: PROGRAM SERVICE EXPENSES 111,248. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 111,248. ADVERTISING MARKETING EVENTS: PROGRAM SERVICE EXPENSES 105,551. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 105,551. STRAND THEATER PHASE III: PROGRAM SERVICE EXPENSES 97,776. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 97,776. OEM DRONES AND TRAINING: PROGRAM SERVICE EXPENSES 63,350. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 63,350. UEZ BDO VEHICLE: PROGRAM SERVICE EXPENSES 40,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 40,000. FAP PROGRAMS: PROGRAM SERVICE EXPENSES 37,443. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 37,443. LOAN FORGIVENESS VIII: PROGRAM SERVICE EXPENSES 23,553. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 23,553. BUSINESS DIRECTORY AND OUTREACH: PROGRAM SERVICE EXPENSES 20,185. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,185. DUE DILIGENCE FUNDING: PROGRAM SERVICE EXPENSES 19,701. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 19,701. DOWNTOWN SECURITY CAMERAS: PROGRAM SERVICE EXPENSES 16,455. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,455. SUCCESS PROJECT: PROGRAM SERVICE EXPENSES 10,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,000. POLICE SAFETY INITIATIVES: PROGRAM SERVICE EXPENSES 10,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,000. GENERAL INSURANCE: PROGRAM SERVICE EXPENSES 7,914. MANAGEMENT AND GENERAL EXPENSES 1,056. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,970. FOREIGN TRADE ZONE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 4,112. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,112. UTILITIES PROPERTIES: PROGRAM SERVICE EXPENSES 3,944. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,944. POLICE DRONES AND TRAINING: PROGRAM SERVICE EXPENSES 2,400. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,400. FORM 990, PART XI, LINE 9: TRANSFER OF PROPERTY TO THE TOWNSHIP OF LAKEWOOD -3,178,560. FORM 990, PART XII, LINE 2C: A DRAFT OF THE FINANCIAL STATEMENTS IS PRESENTED TO THE TRUSTEES FOR REVIEW AND APPROVAL.