Nonprofit · EIN 22-3464174
DOWNTOWN MERCHANTS CORPORATION
Tax-exempt · PASSAIC, NJ 07055
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $447,098 | $446,516 | $582 | $205,639 | $165,463 | $40,176 |
| December 31, 2023 | 990 | $439,836 | $438,993 | $843 | $180,029 | $140,463 | $39,566 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $447,098
- of which government grants
- $447,098
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $375,459
- Salaries, compensation and benefits (total)
- $412,578
- Professional fundraising fees
- $0
- Accounting fees
- $10,008
- Depreciation
- $135
- Program services (functional)
- $436,508
- Management and general (functional)
- $10,008
Balance sheet and other
- Total assets, start of year
- $180,029
- Total assets, end of year
- $205,639
- Total liabilities, end of year
- $165,463
- Net assets, end of year
- $40,176
- Land, buildings and equipment
- $11
- Net assets without donor restrictions
- $40,176
- Gross receipts
- $447,098
- Employees
- 29
- Year formed
- 1990
- 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 |
|---|---|---|---|
| Rosa Ortiz | Board Member Trustee or director | 0 | $0 |
| Alex Canals | Board Member Trustee or director | 0 | $0 |
| Helen Ramos | Board Member Trustee or director | 0 | $0 |
| Omar J Garcia | Comptroler Trustee or director | 0 | $0 |
| Rafeal Cuellar | Vice Chair Trustee or director, Officer | 0 | $0 |
| Servando Fernandez | Chair Trustee or director, Officer | 0 | $0 |
| Soraya Stam Terminated 2025 | Administrator Former | 0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Alex Canals | Board Member Trustee or director | 0 | $0 |
| Helen Ramos | Board Member Trustee or director | 0 | $0 |
| Rosa Ortiz | Board Member Trustee or director | 0 | $0 |
| Rafeal Cuellar | Vice Chair Trustee or director, Officer | 0 | $0 |
| Servando Fernandez | Chair Trustee or director, Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 330 PASSAIC ST RM 207 CITY HAL, PASSAIC, NJ 07055-5815
- In care of
- % OMAR J GARCIA
- Signed the 990
- OMAR J GARCIA, Comptroler
- Phone
- (973) 783-1040
- Website
- Passaicuez.com
- Return prepared by
- ALBERT RODRIGUEZ CPA
Mission
Beautification and enhancement of area along rt 21 through the the downtown by participating in program which remove litter, power wash graffiti and paint over 185 buildings.
Program accomplishments
- Litter removal to improve the quality of life to residents and shoppersExpenses $334,354 · revenue $344,226
- Graffiti removal and painting of buildings and businesses to improve the quality of life for residents and shoppers as well as discourage gang activity.Expenses $69,539 · revenue $69,539
- To provide summer jobs in the city for the youth of PassaicExpenses $32,615 · revenue $33,333
- all other expenses
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
- 22-3464174
- 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
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $205,639
- Income (IRS master file)
- $447,098
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $447,098 | $446,516 | $205,639 | XML |
| 990 | December 2023 | $439,836 | $438,993 | $180,029 | XML |
| 990 | December 2022 | $332,226 | $332,144 | $45,129 | 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 22-3464174).
Questions about DOWNTOWN MERCHANTS CORPORATION
- What is the EIN of DOWNTOWN MERCHANTS CORPORATION?
- The employer identification number (EIN) of DOWNTOWN MERCHANTS CORPORATION is 22-3464174.
- Is DOWNTOWN MERCHANTS CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to DOWNTOWN MERCHANTS CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DOWNTOWN MERCHANTS 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 DOWNTOWN MERCHANTS 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 DOWNTOWN MERCHANTS CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of DOWNTOWN MERCHANTS CORPORATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does DOWNTOWN MERCHANTS CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $447,098, expenses of $446,516 and total assets of $205,639 at year end.
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All nonprofits in PASSAIC · New Jersey · Community improvement and capacity building