Nonprofit · EIN 22-3382424
PASSAIC ENTERPRISE ZONE DEVELOPMENT CORPORATION
Tax-exempt · PASSAIC, NJ 07055
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $674,160 | $516,273 | $157,887 | $1,476,502 | $169,135 | $1,307,367 |
| December 31, 2023 | 990 | $492,072 | $365,936 | $126,136 | $1,264,087 | $114,611 | $1,149,476 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $381,415
- of which government grants
- $381,415
- Program service revenue
- $24,900
- Investment income
- $9,148
- Other revenue
- $258,697
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $53,232
- Other salaries and wages
- $118,717
- Salaries, compensation and benefits (total)
- $174,645
- Professional fundraising fees
- $0
- Accounting fees
- $17,024
- Program services (functional)
- $467,475
- Management and general (functional)
- $48,798
Balance sheet and other
- Total assets, start of year
- $1,264,087
- Total assets, end of year
- $1,476,502
- Total liabilities, end of year
- $169,135
- Net assets, end of year
- $1,307,367
- Land, buildings and equipment
- $100,917
- Net assets without donor restrictions
- $1,307,367
- Gross receipts
- $674,160
- Employees
- 1
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICARDO FERNANDEZ | DIRECTOR Trustee or director, Officer | 0.5 | $0 |
| HECTOR LORA | TRUSTEE Trustee or director | 0.5 | $0 |
| MS Madona | TRUSTEE Trustee or director | 0.5 | $0 |
| SERVANDO FERNANDEZ JR | TRUSTEE Trustee or director | 0.5 | $0 |
| KENNETH SIMPSON | TRUSTEE Trustee or director | 0.5 | $0 |
| GARY SCHAER | TRUSTEE Trustee or director | 0.5 | $0 |
| JOYCE GREGORY-HUNT | TRUSTEE Trustee or director | 0.5 | $0 |
| OMAR GARCIA | TREASURER Trustee or director, Officer | 1 | $0 |
| ANGEL J CASTILLO | TRUSTEE Trustee or director | 0.5 | $0 |
| LESLIE E ZUNIGA | TRUSTEE Trustee or director | 0.5 | $0 |
| ABRIL BARRALES | TRUSTEE Trustee or director | 0.5 | $0 |
| RENE RIOUX | PRESIDENT Officer | 1 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOYCE GREGORY-HUNT | TRUSTEE Trustee or director | 0.5 | $0 |
| RON VAN RENSALIER | TRUSTEE Trustee or director | 0.5 | $0 |
| GARY SCHAER | TRUSTEE Trustee or director | 0.5 | $0 |
| ABRIL BARRALES | TRUSTEE Trustee or director | 0.5 | $0 |
| LESLIE E ZUNIGA | TRUSTEE Trustee or director | 0.5 | $0 |
| ANGEL J CASTILLO | TRUSTEE Trustee or director | 0.5 | $0 |
| HECTOR LORA | TRUSTEE Trustee or director | 0.5 | $0 |
| MS MADONA | TRUSTEE Trustee or director | 0.5 | $0 |
| SERVANDO FERNANDEZ JR | TRUSTEE Trustee or director | 0.5 | $0 |
| KENNETH SIMPSON | TRUSTEE Trustee or director | 0.5 | $0 |
| RICARDO FERNANDEZ | DIRECTOR Trustee or director, Officer | 0.5 | $0 |
| RENE RIOUX | PRESIDENT Officer | 1 | $0 |
| MATTHEW COPPOLA | TREASURER Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 330 PASSAIC AVE ROOM 203, PASSAIC, NJ 07055-0000
- In care of
- % OMAR GARCIA
- Principal officer (990 for 2024)
- RICARDO FERNANDEZ, 330 Passaic Ave Room 203, Passaic, NJ 07055
- Signed the 990
- OMAR GARCIA, TREASURER
- Phone
- (973) 365-5520
- Return prepared by
- Albert Rodriguez CPA
Mission
TO ADMINISTER THE STATES URBAN ENTERPRISE ZONE IN THE CITY OF PASSAIC
Program accomplishments
- Promoting and implementing various projects and activities for the citizens of Passaic.Expenses $215,458 · revenue $258,697
- Various programs and projects intended to improve the quality of life for the citizens of Passaic.Expenses $131,824 · revenue $294,482
- NNP Program that provides support through advertising, signage and events sponsoring of the citys business districtExpenses $120,193 · revenue $111,833
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 22-3382424
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,476,502
- Income (IRS master file)
- $674,160
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $674,160 | $516,273 | $1,476,502 | XML |
| 990 | December 2023 | $492,072 | $365,936 | $1,264,087 | XML |
| 990 | December 2022 | $49,526 | $593,333 | $1,070,438 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 22-3382424).
Questions about PASSAIC ENTERPRISE ZONE DEVELOPMENT CORPORATION
- What is the EIN of PASSAIC ENTERPRISE ZONE DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of PASSAIC ENTERPRISE ZONE DEVELOPMENT CORPORATION is 22-3382424.
- Is PASSAIC ENTERPRISE ZONE DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1996.
- Are donations to PASSAIC ENTERPRISE ZONE DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PASSAIC ENTERPRISE ZONE DEVELOPMENT CORPORATION 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 PASSAIC ENTERPRISE ZONE DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PASSAIC ENTERPRISE ZONE DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PASSAIC ENTERPRISE ZONE DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names RICARDO FERNANDEZ.
- Who are the officers and directors of PASSAIC ENTERPRISE ZONE DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does PASSAIC ENTERPRISE ZONE DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $674,160, expenses of $516,273 and total assets of $1,476,502 at year end.
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