Nonprofit · EIN 26-0233858
MT PROSPECT AVE NEIGHBORHOODIMPROVMENT DISTRICT MANAGEMENT CORP
Tax-exempt · JERSEY CITY, NJ 07306
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $434,673 | $516,525 | -$81,852 | $187,113 | $10,525 | $176,588 |
| December 31, 2024 | 990 | $361,770 | $433,934 | -$72,164 | $282,168 | $23,728 | $258,440 |
| December 31, 2023 | 990 | $513,223 | $428,301 | $84,922 | $389,793 | $59,189 | $330,604 |
| December 31, 2022 | 990 (amended) | $326,700 | $380,159 | -$53,459 | $270,284 | $24,602 | $245,682 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $434,673
- of which government grants
- $419,759
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $4,444
- Depreciation
- $4,265
- Program services (functional)
- $489,755
- Management and general (functional)
- $26,770
Balance sheet and other
- Total assets, start of year
- $282,168
- Total assets, end of year
- $187,113
- Total liabilities, end of year
- $10,525
- Net assets, end of year
- $176,588
- Land, buildings and equipment
- $7,541
- Net assets without donor restrictions
- $176,588
- Gross receipts
- $434,673
- Employees
- 0
- Volunteers
- 12
- Year formed
- 2007
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL SHEEHAN | TREASURER Officer | 5 | $0 |
| CHRIS VIRGINIO | SECRETARY Officer | 5 | $0 |
| JULIA FERREIRA | TRUSTEE Trustee or director | 3 | $0 |
| MARIO PUORRO | TRUSTEE Trustee or director | 3 | $0 |
| RITA ALVAREZ | TRUSTEE Trustee or director | 3 | $0 |
| FELIX LOPEZ-MONTALVO ESQ | PRESIDENT Trustee or director | 3 | $0 |
| DR TERRY MCSWEENEY | VICE PRESIDENT Trustee or director | 3 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL SHEEHAN | TREASURER Officer | 5 | $0 |
| CHRIS VIRGINIO | SECRETARY Officer | 5 | $0 |
| JULIA FERREIRA | TRUSTEE Trustee or director | 3 | $0 |
| MARIO PUORRO | TRUSTEE Trustee or director | 3 | $0 |
| RITA ALVAREZ | TRUSTEE Trustee or director | 3 | $0 |
| FELIX LOPEZ-MONTALVO ESQ | PRESIDENT Trustee or director | 3 | $0 |
| TERRY MCSWEENEY | VICE PRESIDENT Trustee or director | 3 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL SHEEHAN | TREASURER Officer | 5 | $0 |
| CHRIS VIRGINIO | SECRETARY Officer | 5 | $0 |
| JULIA FERREIRA | TRUSTEE Trustee or director | 3 | $0 |
| MARIO PUORRO | TRUSTEE Trustee or director | 3 | $0 |
| RITA ALVAREZ | TRUSTEE Trustee or director | 3 | $0 |
| FELIX LOPEZ-MONTALVO ESQ | PRESIDENT Trustee or director | 3 | $0 |
| TERRY MCSWEENEY | VICE PRESIDENT Trustee or director | 3 | $0 |
| HONORABLE ANIBAL RAMOS JR | TRUSTEE Trustee or director | 3 | $0 |
990 for the year ended December 31, 2022: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL SHEEHAN | TREASURER Trustee or director, Officer | 5 | $0 |
| CHRIS VIRGINIO | PRESIDENT Trustee or director, Officer | 5 | $0 |
| JULIA FERREIRA | TRUSTEE Trustee or director | 3 | $0 |
| MARIO PUORRO | TRUSTEE Trustee or director | 3 | $0 |
| RITA ALVAREZ | VICE PRESIDENT Trustee or director, Officer | 3 | $0 |
| FELIX LOPEZ-MONTALVO ESQ | TRUSTEE Trustee or director | 3 | $0 |
| MICHELLE LOLO | TRUSTEE Trustee or director | 3 | $0 |
| DANIEL ZANELLA | TRUSTEE Trustee or director | 3 | $0 |
| TERRY MCSWEENEY | TRUSTEE Trustee or director | 3 | $0 |
| HONORABLE ANIBAL RAMOS JR | TRUSTEE Trustee or director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 2854 JOHN F KENNEDY BLVD, JERSEY CITY, NJ 07306-4014
- In care of
- % JOSE COHEN
- Mailing address (990-N for 2007)
- 643-645 MT PROSPECT AVENUE-STE 2A, NEWARK NJ 07104
- Principal officer (990 for 2025)
- FELIX LOPEZ MONTALVO, 2854 JOHN F KENNEDY BLVD, JERSEY CITY, NJ 07306
- Principal officer (990-N for 2007)
- JOSE COHEN, 643-645 MT PROSPECT AVENUE-STE 2A, NEWARK NJ 07104
- Signed the 990
- FELIX LOPEZ-MONTALVO, PRESIDENT
- Phone
- (973) 350-5555
- Return prepared by
- WEINSTEIN & WEINSTEIN CPA'S
Mission
BETTERMENT OF THE COMMERCIAL,BUSINESS, AND RESIDENTIAL ENVIRONMENT IN THE MT PROSPECT NEIGHBORHOOD IMPROVEMENT DISTRICT.
Program accomplishments
- PROMOTION AND PUBLIC RELATIONSExpenses $94,122
- MAINTENANCE OF DISTRICT- SECURITY AND SANITATIONExpenses $265,719
- OPERATIONS/QUALITY OF LIFEExpenses $129,914
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 | 990 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
- 26-0233858
- 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
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $187,113
- Income (IRS master file)
- $434,673
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $434,673 | $516,525 | $187,113 | XML |
| 990 | December 2024 | $361,770 | $433,934 | $282,168 | IRS |
| 990 | December 2023 | $513,223 | $428,301 | $389,793 | XML |
| 990 | December 2022 | $326,700 | $380,159 | $270,284 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2007 Officer: JOSE COHEN | December 31, 2007 | ≤ $50,000 receipts | – | – | e-Postcard |
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 26-0233858).
Questions about MT PROSPECT AVE NEIGHBORHOODIMPROVMENT DISTRICT MANAGEMENT CORP
- What is the EIN of MT PROSPECT AVE NEIGHBORHOODIMPROVMENT DISTRICT MANAGEMENT CORP?
- The employer identification number (EIN) of MT PROSPECT AVE NEIGHBORHOODIMPROVMENT DISTRICT MANAGEMENT CORP is 26-0233858.
- Is MT PROSPECT AVE NEIGHBORHOODIMPROVMENT DISTRICT MANAGEMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to MT PROSPECT AVE NEIGHBORHOODIMPROVMENT DISTRICT MANAGEMENT CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MT PROSPECT AVE NEIGHBORHOODIMPROVMENT DISTRICT MANAGEMENT CORP 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 MT PROSPECT AVE NEIGHBORHOODIMPROVMENT DISTRICT MANAGEMENT CORP due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MT PROSPECT AVE NEIGHBORHOODIMPROVMENT DISTRICT MANAGEMENT CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MT PROSPECT AVE NEIGHBORHOODIMPROVMENT DISTRICT MANAGEMENT CORP?
- The 990 for the year ended December 31, 2025 names FELIX LOPEZ MONTALVO.
- Who are the officers and directors of MT PROSPECT AVE NEIGHBORHOODIMPROVMENT DISTRICT MANAGEMENT CORP?
- The 990 for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does MT PROSPECT AVE NEIGHBORHOODIMPROVMENT DISTRICT MANAGEMENT CORP have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $434,673, expenses of $516,525 and total assets of $187,113 at year end.
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