Nonprofit · EIN 31-1604974
LAKEWOOD DEVELOPMENT CORPORATION
Tax-exempt · LAKEWOOD, NJ 08701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,349,642 | $2,673,559 | $1,676,083 | $19,473,047 | $0 | $19,473,047 |
| December 31, 2023 | 990 | $2,236,613 | $891,297 | $1,345,316 | $20,990,371 | $14,847 | $20,975,524 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,168,993
- of which government grants
- $4,168,993
- Program service revenue
- $0
- Investment income
- $140,164
- Other revenue
- $40,485
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $327,228
- Salaries, compensation and benefits (total)
- $441,309
- Professional fundraising fees
- $0
- Legal fees
- $10,121
- Accounting fees
- $22,115
- Occupancy
- $12,000
- Program services (functional)
- $2,603,504
- Management and general (functional)
- $70,055
Balance sheet and other
- Total assets, start of year
- $20,990,371
- Total assets, end of year
- $19,473,047
- Total liabilities, end of year
- $0
- Net assets, end of year
- $19,473,047
- Land, buildings and equipment
- $8,920,649
- Net assets without donor restrictions
- $14,015,068
- Net assets with donor restrictions
- $5,457,979
- Gross receipts
- $4,349,642
- Employees
- 4
- Volunteers
- 0
- Year formed
- 1997
- 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 |
|---|---|---|---|
| DAVID KLEIN | EXECUTIVE DIRECTOR Key employee | 40 | $172,244 |
| PATRICK DONNELLY | TRUSTEE Trustee or director | 1 | $0 |
| DEBORAH FUENTES | TRUSTEE Trustee or director | 1 | $0 |
| LEIB GOLD | TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL MCNEIL | TRUSTEE Trustee or director | 1 | $0 |
| ELI RENNERT | TRUSTEE Trustee or director | 1 | $0 |
| ABRAHAM MULLER | CHAIRMAN Officer | 3 | $0 |
| RAYMOND COLES | VICE CHAIRMAN Officer | 3 | $0 |
| RABBI MOSHE ZEV WEISBERG | SECRETARY/TREAS Officer | 3 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PATRICK DONNELLY | TRUSTEE Trustee or director | 1 | $0 |
| DEBORAH FUENTES | TRUSTEE Trustee or director | 1 | $0 |
| LEIB GOLD | TRUSTEE Trustee or director | 1 | $0 |
| MICHAEL MCNEIL | TRUSTEE Trustee or director | 1 | $0 |
| ELI RENNERT | TRUSTEE Trustee or director | 1 | $0 |
| ABRAHAM MULLER | CHAIRMAN Officer | 3 | $0 |
| RAYMOND COLES | VICE CHAIRMAN Officer | 3 | $0 |
| RABBI MOSHE ZEV WEISBERG | SECRETARY/TREAS Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 231 3RD ST, LAKEWOOD, NJ 08701-3220
- In care of
- % LAKEWOOD TOWNSHIP
- Principal officer (990 for 2024)
- ABRAHAM MULLER, 231 THIRD STREET, LAKEWOOD, NJ 08701
- Signed the 990
- ABRAHAM MULLER, CHAIRMAN OF THE BOARD
- Phone
- (732) 364-2500
- Return prepared by
- VENNING
Mission
TO PROMOTE, ENCOURAGE AND ASSIST THE INDUSTRIAL, COMMERCIAL AND ECONOMIC DEVELOPMENT OF THELAKEWOOD URBAN ENTERPRISE ZONE, JOB CREATION AND TO IMPROVE PROPERTY IN THE ZONE.
Program accomplishments
- LAKEWOOD TOWNSHIP SERVICES/OPERATIONS, INCLUDING STRAND THEATER RENOVATIONS AND REPAIRS, FRANKLIN STREET REDEVELOPMENT, BUSINESS ASSISTANCE INITIATIVE BUSINESS TO BUSINESS NETWORKING.Expenses $1,579,784
- LAKEWOOD EMERGENCY MEDICAL SERVICESExpenses $658,300
- FINANCIAL ASSISTANCE VIII - UEZ FUNDING FOR BUSINESS EXPANSION LOANS, AND INCENTIVES/GRANTS TO UEZ REGISTERED BUSINESSES THAT QUALIFYExpenses $365,420
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
- 31-1604974
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P02)
- Assets (IRS master file)
- $19,473,047
- Income (IRS master file)
- $4,349,642
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,349,642 | $2,673,559 | $19,473,047 | XML |
| 990 | December 2023 | $2,236,613 | $891,297 | $20,990,371 | XML |
| 990 | December 2022 | $2,074,456 | $614,628 | $19,635,710 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 31-1604974).
Questions about LAKEWOOD DEVELOPMENT CORPORATION
- What is the EIN of LAKEWOOD DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of LAKEWOOD DEVELOPMENT CORPORATION is 31-1604974.
- Is LAKEWOOD DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to LAKEWOOD DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAKEWOOD 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 LAKEWOOD 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 LAKEWOOD 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 LAKEWOOD DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names ABRAHAM MULLER.
- Who are the officers and directors of LAKEWOOD DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $172,244 (DAVID KLEIN, EXECUTIVE DIRECTOR).
- How much revenue does LAKEWOOD DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,349,642, expenses of $2,673,559 and total assets of $19,473,047 at year end.
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