Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 88-1012153

PASSAIC-CLIFTON GEMACH INC

Tax-exempt · PASSAIC, NJ 07055

Financials

$86K$20K2023$154K$55K2024
Revenue Expenses · by fiscal year end
Financials of PASSAIC-CLIFTON GEMACH INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$153,564$54,584$98,980$1,047,576$787,343$260,233
December 31, 2023990 (amended)$86,373$19,683$66,690$630,473$469,220$161,253
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$153,564
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$52,520
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$52,520
Management and general (functional)
$2,064

Balance sheet and other

Total assets, start of year
$630,473
Total assets, end of year
$1,047,576
Total liabilities, end of year
$787,343
Net assets, end of year
$260,233
Net assets without donor restrictions
$260,233
Gross receipts
$153,564
Employees
0
Year formed
2022
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.

NameTitleHours / weekCompensation
ALEXANDER GROYSMANChairman
Trustee or director, Officer
5$0
ADAM SAUNDERSSecretary
Trustee or director, Officer
1$0
Jason LeffTreasurer
Trustee or director, Officer
1$0
BENJAMIN RownerDirector
Trustee or director
5$0
ELOR KAHALANYVice Chairman
Trustee or director, Officer
1$0
Michael SiegelDirector
Trustee or director
1$0
Adam ZimmerDirector
Trustee or director
1$0
Michael KarfunkelDirector
Trustee or director
1$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
ALEXANDER GROYSMANChairman
Trustee or director, Officer
5$0
ADAM SAUNDERSSecretary
Trustee or director, Officer
1$0
Jason LeffTreasurer
Trustee or director, Officer
1$0
BENJAMIN RownerDirector
Trustee or director
5$0
ELOR KAHALANYVice Chairman
Trustee or director, Officer
1$0
Michael SiegalDirector
Trustee or director
1$0
Adam ZimmerDirector
Trustee or director
1$0
Moshe KarfunkelDirector
Trustee or director
1$0

Address and contacts

Address (IRS master file)
302 HIGH ST, PASSAIC, NJ 07055-3404
Signed the 990
ALEXANDER GROYSMAN, Trustee
Phone
(212) 751-8337
Return prepared by
Fasten Halberstam LLP

Mission

FUND TO PROVIDE FREE LOAN OF ITEMS AND FUNDS TO THE NEEDY AS WELL AS FOR ANY OTHER LAWFUL NON PROFIT PURPOSE

990 for the year ended December 31, 2024

Program accomplishments

  • to provide interest free loans to the indigent
    Expenses $52,520 · revenue $153,564

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
88-1012153
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
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Unknown (Z99)
Assets (IRS master file)
$1,047,576
Income (IRS master file)
$153,564

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$153,564$54,584$1,047,576XML
990December 2023$86,373$19,683$630,473XML
990December 2022$95,506$943$198,563IRS

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 88-1012153).

Questions about PASSAIC-CLIFTON GEMACH INC

What is the EIN of PASSAIC-CLIFTON GEMACH INC?
The employer identification number (EIN) of PASSAIC-CLIFTON GEMACH INC is 88-1012153.
Is PASSAIC-CLIFTON GEMACH INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to PASSAIC-CLIFTON GEMACH INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PASSAIC-CLIFTON GEMACH INC 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 PASSAIC-CLIFTON GEMACH INC 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 PASSAIC-CLIFTON GEMACH INC 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 PASSAIC-CLIFTON GEMACH INC?
The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
How much revenue does PASSAIC-CLIFTON GEMACH INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $153,564, expenses of $54,584 and total assets of $1,047,576 at year end.

Other nonprofits in PASSAIC

All nonprofits in PASSAIC · New Jersey · Unknown