Nonprofit · EIN 22-3282526
NEW JERSEY COMMUNITY DEVELOPMENT CORPORATION INC
Tax-exempt · PATERSON, NJ 07501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $19,116,821 | $15,081,604 | $4,035,217 | $61,490,730 | $25,758,775 | $35,731,955 |
| June 30, 2024 | 990 | $17,406,383 | $13,380,767 | $4,025,616 | $53,708,609 | $22,740,687 | $30,967,922 |
| June 30, 2023 | 990 | $14,593,997 | $11,014,368 | $3,579,629 | $46,274,437 | $17,382,560 | $28,891,877 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $14,327,572
- of which government grants
- $9,755,127
- Program service revenue
- $4,163,663
- Investment income
- $646,310
- Net income from fundraising events
- -$32,546
- Net income from gaming
- $11,822
- Other revenue
- -$20,724
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $512,263
- Other salaries and wages
- $7,953,055
- Salaries, compensation and benefits (total)
- $10,324,814
- Professional fundraising fees
- $0
- Occupancy
- $64,641
- Travel
- $39,756
- Depreciation
- $696,970
- Program services (functional)
- $13,582,126
- Management and general (functional)
- $1,100,659
- Fundraising (functional)
- $398,819
Balance sheet and other
- Total assets, start of year
- $53,708,609
- Total assets, end of year
- $61,490,730
- Total liabilities, end of year
- $25,758,775
- Net assets, end of year
- $35,731,955
- Land, buildings and equipment
- $24,750,861
- Net assets without donor restrictions
- $31,059,693
- Net assets with donor restrictions
- $4,672,262
- Gross receipts
- $19,264,718
- Employees
- 254
- Volunteers
- 500
- Year formed
- 1994
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT GUARASCI | PRESIDENT & CEO Officer | 60 | $274,440 | $12,681 |
| KATHIE MENDEZ | CFO Officer | 50 | $171,801 | $29,074 |
| MICHAEL DEBLASIO | CHIEF REAL ESTATE OFFICER Highest-paid employee | 40 | $148,349 | $361 |
| MARTIN VERGARA II | CHAIR Trustee or director | 1 | $0 | $0 |
| ANTHONY COSCIA | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| DAVID BERNINGER | TREASURER Trustee or director | 1 | $0 | $0 |
| CARLINE MORRISON | SECRETARY Trustee or director | 1 | $0 | $0 |
| DONALD F BUCKLEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NITA DAS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ETTA RUDOLF DENK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KENYATTA STEWART | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT S GARRISON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIAM PASCRELL III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ERIC DALEO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTIAN CALLEGARI | TRUSTEE Trustee or director | 1 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ULISES DIAZ | TRUSTEE Trustee or director | 1 | $0 |
| VICTOR J HERLINSKY JR | TRUSTEE Trustee or director | 1 | $0 |
| JONATHAN TARAZONA | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT GUARASCI | PRESIDENT & CEO Officer | 60 | $257,151 | $12,422 |
| KATHIE MENDEZ | CFO Officer | 50 | $165,241 | $28,424 |
| MICHAEL DEBLASIO | CHIEF REAL ESTATE OFFICER Highest-paid employee | 40 | $139,791 | $361 |
| MARTIN VERGARA II | CHAIR Trustee or director | 1 | $0 | $0 |
| ANTHONY COSCIA | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| DAVID BERNINGER | TREASURER Trustee or director | 1 | $0 | $0 |
| CARLINE MORRISON | SECRETARY Trustee or director | 1 | $0 | $0 |
| DONALD F BUCKLEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NITA DAS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ETTA RUDOLF DENK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KENYATTA STEWART | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT S GARRISON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIAM PASCRELL III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ERIC DALEO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTIAN CALLEGARI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ULISES DIAZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT GUARASCI | PRESIDENT & CEO Officer | 60 | $207,000 | $11,741 |
| KATHIE MENDEZ | CFO Officer | 50 | $149,823 | $25,989 |
| MICHAEL DEBLASIO | VP Highest-paid employee | 50 | $129,470 | $0 |
| DONALD F BUCKLEY | CHAIR Trustee or director | 1 | $0 | $0 |
| ANTHONY COSCIA | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| DAVID BERNINGER | TREASURER Trustee or director | 1 | $0 | $0 |
| CARLINE MORRISON | SECRETARY Trustee or director | 1 | $0 | $0 |
| NITA DAS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ETTA RUDOLF DENK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KENYATTA STEWART | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT S GARRISON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIAM PASCRELL III | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ERIC DALEO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARTIN VERGARA II | TRUSTEE Trustee or director | 1 | $0 | $0 |
| VICTOR HERLINSKY JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 32 SPRUCE STREET 3RD FLOOR, PATERSON, NJ 07501-1712
- Principal officer (990 for 2024)
- ROBERT GUARASCI, PO BOX 6976, PATERSON, NJ 07509
- Signed the 990
- ROBERT GUARASCI, CEO
- Phone
- (973) 413-1600
- Website
- WWW.NJCDC.ORG
- Return prepared by
- SAX ADVISORS LLC
Mission
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.
Program accomplishments
- 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 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.Expenses $6,101,430
- 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 TRANSFORM SCHOOLS INTO NEIGHBORHOOD HUBS, ANAMERICORPS INITIATIVE THAT RECRUITS INDIVIDUALS TO COMMIT A YEAR OF SERVICE TO INNER-CITY STUDENTS, AND A COUNTY-WIDE MENTAL HEALTH SUPPORT PROGRAM.Expenses $2,803,138
- 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 THESAME TIME WE OFFER A RANGE OF SERVICES DESIGNED TO HELP OUR RESIDENTS OVERCOME OBSTACLES AND LIVE RICH AND FULFILLING LIVES IN THE COMMUNITY.Expenses $2,906,330 · revenue $4,163,663
- 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.Expenses $1,771,228
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 22-3282526
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1998
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20Z)
- Assets (IRS master file)
- $61,490,730
- Income (IRS master file)
- $19,264,718
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $19,116,821 | $15,081,604 | $61,490,730 | IRS |
| 990 | June 2024 | $17,406,383 | $13,380,767 | $53,708,609 | IRS |
| 990 | June 2023 | $14,593,997 | $11,014,368 | $46,274,437 | XML |
| 990 | June 2022 | $10,554,673 | $9,699,528 | $39,695,881 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-3282526).
Questions about NEW JERSEY COMMUNITY DEVELOPMENT CORPORATION INC
- What is the EIN of NEW JERSEY COMMUNITY DEVELOPMENT CORPORATION INC?
- The employer identification number (EIN) of NEW JERSEY COMMUNITY DEVELOPMENT CORPORATION INC is 22-3282526.
- Is NEW JERSEY COMMUNITY DEVELOPMENT CORPORATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to NEW JERSEY COMMUNITY DEVELOPMENT CORPORATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW JERSEY COMMUNITY DEVELOPMENT CORPORATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW JERSEY COMMUNITY DEVELOPMENT CORPORATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW JERSEY COMMUNITY DEVELOPMENT CORPORATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NEW JERSEY COMMUNITY DEVELOPMENT CORPORATION INC?
- The 990 for the year ended June 30, 2025 names ROBERT GUARASCI.
- Who are the officers and directors of NEW JERSEY COMMUNITY DEVELOPMENT CORPORATION INC?
- The 990 for the year ended June 30, 2025 lists 18 people; 3 received compensation from the organization, the highest $274,440 (ROBERT GUARASCI, PRESIDENT & CEO).
- How much revenue does NEW JERSEY COMMUNITY DEVELOPMENT CORPORATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $19,116,821, expenses of $15,081,604 and total assets of $61,490,730 at year end.
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All nonprofits in PATERSON · New Jersey · Community improvement and capacity building