Nonprofit · EIN 22-3768103
IRONBOUND BUSINESS IMPROVEMENT DISTRICT MANAGEMENT CORPORATION
Tax-exempt · NEWARK, NJ 07105
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,331,434 | $1,343,009 | -$11,575 | $388,093 | $0 | $388,093 |
| December 31, 2023 | 990 | $1,032,227 | $1,095,001 | -$62,774 | $399,668 | $0 | $399,668 |
| December 31, 2022 | 990 | $1,059,177 | $1,078,119 | -$18,942 | $462,442 | $0 | $462,442 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,331,434
- of which government grants
- $1,305,783
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $49,820
- Salaries, compensation and benefits (total)
- $54,261
- Professional fundraising fees
- $0
- Legal fees
- $5,588
- Accounting fees
- $20,080
- Occupancy
- $17,150
- Depreciation
- $8,957
- Program services (functional)
- $1,125,017
- Management and general (functional)
- $217,992
Balance sheet and other
- Total assets, start of year
- $399,668
- Total assets, end of year
- $388,093
- Total liabilities, end of year
- $0
- Net assets, end of year
- $388,093
- Land, buildings and equipment
- $33,618
- Net assets without donor restrictions
- $388,093
- Gross receipts
- $1,331,434
- Employees
- 1
- Volunteers
- 13
- Year formed
- 2000
- 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 |
|---|---|---|---|
| LEYSLY V ROLDAN-CARVALHO | ADMINISTRATIVE ASSISTANT Key employee | 40 | $54,261 |
| STEVEN T YGLESIAS | PRESIDENT EMERITUS Institutional trustee | 2 | $0 |
| JONATHAN SEABRA | 1ST V PRESIDENT Institutional trustee | 2 | $0 |
| MANUEL LOPES | PRESIDENT Institutional trustee | 2.5 | $0 |
| SETH A GROSSMAN | CORPORATE FINANCE OFFICER Key employee | 40 | $0 |
| OSCAR SANCHEZ | SECRETARY Institutional trustee | 2 | $0 |
| FILIPE PEREIRA | TRUSTEE Institutional trustee | 2 | $0 |
| HELENE VINHAS | 2ND V PRESIDENT/TRUSTEE Institutional trustee | 2 | $0 |
| RAS J BARAKA | TRUSTEE Institutional trustee | 2 | $0 |
| ANTONIO MARTINEZ | TRUSTEE Institutional trustee | 2 | $0 |
| VINCENT DAVIS | TREASURER Institutional trustee | 2 | $0 |
| NICOLE FIELDS | TRUSTEE Institutional trustee | 2 | $0 |
| MICHAEL SILVA | TRUSTEE Institutional trustee | 2 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LEYSLY V ROLDAN-CARVALHO | ADMINISTRATIVE ASSISTANT Key employee | 40 | $50,760 |
| STEVEN T YGLESIAS | PRESIDENT EMERITUS Institutional trustee | 2 | $0 |
| JONATHAN SEABRA | 1ST V PRESIDENT Institutional trustee | 2 | $0 |
| MANUEL LOPES | PRESIDENT Institutional trustee | 2.5 | $0 |
| SETH A GROSSMAN | CORPORATE FINANCE OFFICER Key employee | 40 | $0 |
| OSCAR SANCHEZ | SECRETARY Institutional trustee | 2 | $0 |
| FILIPE PEREIRA | TRUSTEE Institutional trustee | 2 | $0 |
| HELEN VINHAS | 2ND V PRESIDENT/TRUSTEE Institutional trustee | 2 | $0 |
| RAS J BARAKA | TRUSTEE Institutional trustee | 2 | $0 |
| ANTONIO MARTINEZ | TRUSTEE Institutional trustee | 2 | $0 |
| VINCNET DAVIS | TRUSTEE Institutional trustee | 2 | $0 |
| NICOLE FIELDS | TRUSTEE Institutional trustee | 2 | $0 |
| MICHAEL SILVA | TRUSTEE Institutional trustee | 2 | $0 |
990 for the year ended December 31, 2022: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LEYSLY ROLDAN | ADMINISTRATIVE ASSISTANT Key employee | 40 | $50,290 |
| STEVEN T YGLESIAS | PRESIDENT EMERITUS Institutional trustee | 2 | $0 |
| HAL LAESSIG | 1ST V PRESIDENT Institutional trustee | 2 | $0 |
| MANUEL LOPES | PRESIDENT Institutional trustee | 2.5 | $0 |
| SETH A GROSSMAN | CORPORATE FINANCE OFFICER Key employee | 40 | $0 |
| RICARDO DA GANDRA | TREASURER Institutional trustee | 2 | $0 |
| OSCAR SANCHEZ | SECRETARY Institutional trustee | 2 | $0 |
| JONATHAN SEABRA | TRUSTEE Institutional trustee | 2 | $0 |
| HELENA VINHAS | 2ND V PRESIDENT / TRUSTEE Institutional trustee | 2 | $0 |
| RAS J BARAKA | TRUSTEE Institutional trustee | 2 | $0 |
| ANTONIO MARTINEZ | TRUSTEE Institutional trustee | 2 | $0 |
| VINCENT DAVIS | TRUSTEE Institutional trustee | 2 | $0 |
| NICOLE FIELDS | TRUSTEE Institutional trustee | 2 | $0 |
| MICHAEL SILVA | TRUSTEE Institutional trustee | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 76 PROSPECT ST STE 2, NEWARK, NJ 07105-1881
- Principal officer (990 for 2024)
- SETH GROSSMAN, 76 PROSPECT ST 2ND FL, NEWARK, NJ 07105
- Signed the 990
- SETH GROSSMAN, OFFICER
- Phone
- (973) 491-9191
- Website
- WWW.GOIRONBOUND.COM
- Return prepared by
- PEREIRA & AZEVEDO LLC CPAS
Mission
THE IRONBOUND BUSINESS IMPROVEMENT DISTRICT MANAGEMENT CORP. IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, AND THE REGULATIONS THEREUNDER AS THEY MAY HEREAFTER BE AMENDED TO SERVE AS THE DISTRICT MANAGEMENT CORPORATION FOR THE IRONBOUND SPECIAL IMPROVEMENT DISTRICT PROVISION PURSUANT TO N.J.S.A. 40:56-65 ET SEQ.
Program accomplishments
- VARIOUS COMMUNITY SERVICES PUBLIC RELATIONS & STREET CLEANINGExpenses $1,125,017
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
- 22-3768103
- 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
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S400)
- Assets (IRS master file)
- $388,093
- Income (IRS master file)
- $1,331,434
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,331,434 | $1,343,009 | $388,093 | XML |
| 990 | December 2023 | $1,032,227 | $1,095,001 | $399,668 | XML |
| 990 | December 2022 | $1,059,177 | $1,078,119 | $462,442 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 22-3768103).
Questions about IRONBOUND BUSINESS IMPROVEMENT DISTRICT MANAGEMENT CORPORATION
- What is the EIN of IRONBOUND BUSINESS IMPROVEMENT DISTRICT MANAGEMENT CORPORATION?
- The employer identification number (EIN) of IRONBOUND BUSINESS IMPROVEMENT DISTRICT MANAGEMENT CORPORATION is 22-3768103.
- Is IRONBOUND BUSINESS IMPROVEMENT DISTRICT MANAGEMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to IRONBOUND BUSINESS IMPROVEMENT DISTRICT MANAGEMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IRONBOUND BUSINESS IMPROVEMENT DISTRICT MANAGEMENT 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 IRONBOUND BUSINESS IMPROVEMENT DISTRICT MANAGEMENT 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 IRONBOUND BUSINESS IMPROVEMENT DISTRICT MANAGEMENT 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 IRONBOUND BUSINESS IMPROVEMENT DISTRICT MANAGEMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names SETH GROSSMAN.
- Who are the officers and directors of IRONBOUND BUSINESS IMPROVEMENT DISTRICT MANAGEMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $54,261 (LEYSLY V ROLDAN-CARVALHO, ADMINISTRATIVE ASSISTANT).
- How much revenue does IRONBOUND BUSINESS IMPROVEMENT DISTRICT MANAGEMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,331,434, expenses of $1,343,009 and total assets of $388,093 at year end.
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