Nonprofit · EIN 82-2457148
FOOD SPECIALIZATION REDEVELOPMENT CORPORATION
Tax-exempt · MILLVILLE, NJ 08332
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | -$3,502,127 | $264,609 | -$3,766,736 | $2,310,780 | $7,357,370 | -$5,046,590 |
| December 31, 2024 | 990 | $185,517 | $473,438 | -$287,921 | $9,220,166 | $10,500,020 | -$1,279,854 |
| December 31, 2023 | 990 | $185,522 | $473,453 | -$287,931 | $9,508,087 | $10,500,020 | -$991,933 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $92,706
- Investment income
- -$3,594,833
- Net gain from sales of assets
- -$3,594,838
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $119,784
- Program services (functional)
- $144,825
- Management and general (functional)
- $119,784
Balance sheet and other
- Total assets, start of year
- $9,220,166
- Total assets, end of year
- $2,310,780
- Total liabilities, end of year
- $7,357,370
- Net assets, end of year
- -$5,046,590
- Net assets without donor restrictions
- -$5,046,590
- Gross receipts
- $2,860,587
- Employees
- 0
- Year formed
- 2017
- 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 |
|---|---|---|---|
| EDWARD BETHEA | VICE PRESIDE Trustee or director, Officer | 5 | $0 |
| DALE JONES | TREASURER Trustee or director, Officer | 5 | $0 |
| ROBERT P NEDOHON JR | PRESIDENT Trustee or director, Officer | 5 | $0 |
| KEVIN RABAGO | TRUSTEE Trustee or director | 5 | $0 |
| DANTE RIETI | SECRETARY Trustee or director, Officer | 5 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EDWARD BETHEA | VICE PRESIDE Trustee or director, Officer | 5 | $0 |
| DALE JONES | TREASURER Trustee or director, Officer | 5 | $0 |
| ROBERT P NEDOHON JR | PRESIDENT Trustee or director, Officer | 5 | $0 |
| KEVIN RABAGO | TRUSTEE Trustee or director | 5 | $0 |
| DANTE RIETI | SECRETARY Trustee or director, Officer | 5 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EDWARD BETHEA | VICE PRESIDE Trustee or director, Officer | 5 | $0 |
| DALE JONES | TREASURER Trustee or director, Officer | 5 | $0 |
| ROBERT P NEDOHON JR | PRESIDENT Trustee or director, Officer | 5 | $0 |
| KEVIN RABAGO | TRUSTEE Trustee or director | 5 | $0 |
| DANTE RIETI | SECRETARY Trustee or director, Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 745 LEBANON RD, MILLVILLE, NJ 08332-9743
- In care of
- % JEANNINE MCDONALD
- Principal officer (990 for 2025)
- DALE JONES, 434 E WALNUT RD, VINELAND, NJ 08360
- Signed the 990
- DALE JONES, TREASURER
- Phone
- (856) 825-3700
- Return prepared by
- MARTINI & MARTINI CPA P A
Mission
TO DEVELOP, CONSTRUCT, MANAGE, LEASE SELL AND/OR TRANSFER THE FOOD INDUSTRY COMMERCIALIZATION CENTER ON THE PROPERTY LOCATED IN BRIDEGETON NJ, AND TO CONTRACT WITH OTHER NON PROFIT CORPORATIONS, PRIVATE ENTITIES AND GOVERNMENTAL ENTITIES AS NECESSARY TO SECURE AND PARTICIPATE IN FEDERAL AND STATE OF NJ INVESTMENT TAX CREDITS INCLUDING NEW MARKETS TAX CREDITS, AND OTHER NECESSARY FINANCING. IN FURTHERANCE OF THE AFORESAID PURPOSE, THE CORPORATION MAY EXCERCISE ANY AND ALL POWERS ENUMERATED IN THE NEW JERSEY NON PROFIT CORPORTION ACT.
Program accomplishments
- TO DEVELOP, CONSTRUCT, MANAGE, LEASE SELL AND/OR TRANSFER THE FOOD INDUSTRY COMMERCIALIZATION CENTER ON THE PROPERTY LOCATED IN BRIDEGETON NJ, AND TO CONTRACT WITH OTHER NON PROFIT CORPORATIONS, PRIVATE ENTITIES AND GOVERNMENTAL ENTITIES AS NECESSARY TO SECURE AND PARTICIPATE IN FEDERAL AND STATE OF NJ INVESTMENT TAX CREDITS INCLUDING NEW MARKETS TAX CREDITS, AND OTHER NECESSARY FINANCING. IN FURTHERANCE OF THE AFORESAID PURPOSE, THE CORPORATION MAY EXCERCISE ANY AND ALL POWERS ENUMERATED IN THE NEW JERSEY NON PROFIT CORPORTION ACT.Expenses $144,825 · revenue $92,706
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
- 82-2457148
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type III functionally integrated
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S11)
- Assets (IRS master file)
- $2,310,780
- Income (IRS master file)
- $2,860,587
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | -$3,502,127 | $264,609 | $2,310,780 | XML |
| 990 | December 2024 | $185,517 | $473,438 | $9,220,166 | IRS |
| 990 | December 2023 | $185,522 | $473,453 | $9,508,087 | XML |
| 990 | December 2022 | $185,529 | $232,871 | $10,175,333 | 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 82-2457148).
Questions about FOOD SPECIALIZATION REDEVELOPMENT CORPORATION
- What is the EIN of FOOD SPECIALIZATION REDEVELOPMENT CORPORATION?
- The employer identification number (EIN) of FOOD SPECIALIZATION REDEVELOPMENT CORPORATION is 82-2457148.
- Is FOOD SPECIALIZATION REDEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to FOOD SPECIALIZATION REDEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does FOOD SPECIALIZATION REDEVELOPMENT 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 FOOD SPECIALIZATION REDEVELOPMENT CORPORATION 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 FOOD SPECIALIZATION REDEVELOPMENT CORPORATION 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 FOOD SPECIALIZATION REDEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names DALE JONES.
- Who are the officers and directors of FOOD SPECIALIZATION REDEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does FOOD SPECIALIZATION REDEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of -$3,502,127, expenses of $264,609 and total assets of $2,310,780 at year end.
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