NEW BRUNSWICK DEVELOPMENT CORPORATION: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- NEW BRUNSWICK DEVELOPMENT CORPORATION (EIN 22-2104766)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-11
- IRS object ID
- 202133159349100423
- Schema version
- 2020v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Contractor Compensation Expln
- Depreciation Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Notes Loans Rcvbl Long Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-11T11:21:34-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WithumSmithBrown PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE TOWER CENTER BLVD 14TH FL | AddressLine1Txt |
| City | EAST BRUNSWICK | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08816 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 222104766 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | New Brunswick Development Corporation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % GLEN SOFO | InCareOfNm |
| Business Name Control | NEWB | BusinessNameControlTxt |
| Phone | 7322492220 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 120 Albany Street 7th Floor | AddressLine1Txt |
| City | New Brunswick | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08901 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Christopher J Paladino | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 7322492220 | PhoneNum |
| Signature | 2021-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Christopher J | PersonFirstNm |
| Person Last | Paladino | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | James Decker | PreparerPersonNm |
| PTIN | P00039958 | PTIN |
| Phone | 7328281614 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $103,117,654 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $935,467 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $161,334 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $161,334 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $161,334 | InterestOnSavingsAdjNetIncmAmt |
| Other Income Rev And Expnss | $731,710 | OtherIncomeRevAndExpnssAmt |
| Other Income Adj Net Incm | $731,710 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $1,828,511 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $161,334 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $893,044 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $1,340,218 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $1,340,218 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $1,340,218 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $642,227 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $642,227 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $642,227 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $455,178 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Adj Net Incm | $455,178 | PensionEmplBnftAdjNetIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $455,178 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $59,236 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $59,236 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $57,805 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $69,132 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $69,132 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $67,898 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $185,394 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Adj Net Incm | $185,394 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $135,394 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $103,878 | TaxesRevAndExpnssAmt |
| Taxes Adj Net Incm | $103,878 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $103,878 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $26,441 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Adj Net Incm | $26,441 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $347,250 | OccupancyRevAndExpnssAmt |
| Occupancy Adj Net Incm | $347,250 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $340,666 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $47,695 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Adj Net Incm | $47,695 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $52,047 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $4,618,704 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $161,334 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $4,457,370 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $1,703,899 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $7,895,353 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $161,334 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $7,734,019 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $4,899,210 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $7,895,353 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $161,334 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $7,734,019 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $4,899,210 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$6,066,842 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $860,843 | CashBOYAmt |
| Cash EOY | $1,577,380 | CashEOYAmt |
| Cash EOYFMV | $1,577,380 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $5,368,372 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,869,674 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,869,674 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $229,958 | AcctRcvblAmt |
| Acct Rcvbl BOY | $488,454 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $229,958 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $229,958 | AcctRcvblEOYFMVAmt |
| Other Nts And Loans Rcvbl | $3,258,356 | OtherNtsAndLoansRcvblAmt |
| Other Nts And Loans Rcvbl BOY | $6,516,714 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $3,258,356 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $3,258,356 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $16,999 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $73,194 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $73,194 | PrepaidExpensesEOYFMVAmt |
| Other Investments BOY | $1,826,560 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $1,843,748 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $1,843,748 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $249,093 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $202,920 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $57,047 | LandBOYAmt |
| Land EOY | $46,173 | LandEOYAmt |
| Land EOYFMV | $46,173 | LandEOYFMVAmt |
| Other Assets BOY | $287,525,201 | OtherAssetsBOYAmt |
| Other Assets EOY | $94,219,171 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $94,219,171 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $302,660,190 | TotalAssetsBOYAmt |
| Total Assets EOY | $103,117,654 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $103,117,654 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $2,056,556 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $12,251,244 | AccountsPayableEOYAmt |
| Mortgages And Notes Payable BOY | $279,090,056 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $75,419,674 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $71,618 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $71,618 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $281,218,230 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $87,742,536 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $21,441,960 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $15,375,118 | NoDonorRstrNetAssestsEOYAmt |
| Donor Rstr Net Assets BOY | $0 | DonorRstrNetAssetsBOYAmt |
| Donor Rstr Net Assets EOY | $0 | DonorRstrNetAssetsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $21,441,960 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $15,375,118 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $302,660,190 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $103,117,654 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $21,441,960 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$6,066,842 | ExcessRevenueOverExpensesAmt |
| Subtotal | $15,375,118 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $15,375,118 | TotNetAstOrFundBalancesEOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cap Gains Loss Tx Invst Incm Detail | CapGainsLossTxInvstIncmDetail |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $0 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $0 | SubtotalAmt |
| Tax Based On Investment Income | $0 | TaxBasedOnInvestmentIncomeAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $0 | TotalPaymentsAndCreditsAmt |
| Tax Due | $0 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NJ | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (true) | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | www.devco.org | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GLEN SOFO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7322492220 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 120 ALBANY ST 7TH FLR | AddressLine1Txt |
| City | New Brunswick | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 08901 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (14 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| CHRISTOPHER J PALADINO | ||||||||
| 120 Albany Street 7th Floor | New Brunswick | NJ | 08901 | PRESIDENT | 40.0 | $543,281 | $123,925 | $0 |
| IRA S NOVAK esq | ||||||||
| 120 Albany Street 7th Floor | New Brunswick | NJ | 08901 | DIRECTOR | 1.0 | $0 | $0 | $0 |
| GILBERT H BLITZ | ||||||||
| 120 Albany Street 7th Floor | New Brunswick | NJ | 08901 | DIRECTOR | 1.0 | $0 | $0 | $0 |
| DENNIS MARCO | ||||||||
| 120 Albany Street 7th Floor | New Brunswick | NJ | 08901 | DIRECTOR | 1.0 | $0 | $0 | $0 |
| VITO R NARDELLI | ||||||||
| 120 Albany Street 7th Floor | New Brunswick | NJ | 08901 | VICE CHAIRPERSON | 1.0 | $0 | $0 | $0 |
| WILLIAM j QUINN | ||||||||
| 120 Albany Street 7th Floor | New Brunswick | NJ | 08901 | DIRECTOR | 1.0 | $0 | $0 | $0 |
| DAVID G SCIARRA ESQ | ||||||||
| 120 Albany Street 7th Floor | New Brunswick | NJ | 08901 | DIRECTOR | 1.0 | $0 | $0 | $0 |
| GEORGE R ZOFFINGER | ||||||||
| 120 Albany Street 7th Floor | New Brunswick | NJ | 08901 | CHAIRMAN | 1.0 | $0 | $0 | $0 |
| AMY MANSUE | ||||||||
| 120 Albany Street 7th Floor | New Brunswick | NJ | 08901 | director | 1.0 | $0 | $0 | $0 |
| SERGIO IACOVITTI | ||||||||
| 120 Albany Street 7th Floor | New Brunswick | NJ | 08901 | DIRECTOR | 1.0 | $0 | $0 | $0 |
| Merissa A Buczny | ||||||||
| 120 Albany Street 7th Floor | New Brunswick | NJ | 08901 | VICE PRESIDENT | 40.0 | $291,440 | $46,239 | $0 |
| Sarah F Clarke | ||||||||
| 120 Albany Street 7th Floor | New Brunswick | NJ | 08901 | Executive Vice President | 40.0 | $322,627 | $53,621 | $0 |
| STAN KOSIEROWSKI | ||||||||
| 120 Albany Street 7th Floor | New Brunswick | NJ | 08901 | DIRECTOR | 1.0 | $0 | $0 | $0 |
| GLEN SOFO | ||||||||
| 120 Albany Street 7th Floor | New Brunswick | NJ | 08901 | TREASURER | 40.0 | $182,870 | $38,914 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt |
|---|---|---|---|---|---|---|---|
| GARRETT BLITZ | |||||||
| 120 ALABANY STREET | NEW BRUNSWICK | NJ | 08901 | SR. PROJECT MANAGER | 40.0 | $101,439 | $36,730 |
| JEAN HOLTZ | |||||||
| 120 ALBANY STREET | NEW BRUNSWICK | NJ | 08901 | DEVELOPMENT ASSOC. | 40.0 | $93,627 | $36,332 |
| DALE SCHWEBEL | |||||||
| 120 ALBANY STREET | NEW BRUNSWICK | NJ | 08901 | DEVELOPMENT ASSOC. | 40.0 | $78,841 | $15,936 |
| ROBIN IANTOSCA | |||||||
| 120 ALABANY STREET | NEW BRUNSWICK | NJ | 08901 | DEVELOPMENT ASSOC. | 40.0 | $81,599 | $33,292 |
| ELIZABETH F TERENIK | |||||||
| 120 ALBANY STREET | NEW BRUNSWICK | NJ | 08901 | SR. PROJECT MANAGER | 40.0 | $142,604 | $36,082 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| WINDELS MARX LANE & MITTENDORF | |||||
| 120 ALBANY STREET TOWER 1 SUITE 6 | NEW BRUNSWICK | NJ | 08901 | LEGAL | $71,433 |
| domain technologies | |||||
| 1 corporate drive | CANBURY | NJ | 08512 | it consulting | $123,982 |
| Princeton public affairs group inc | |||||
| 160 west state street | TRENTON | NJ | 08608 | public relations | $65,000 |
| Withum Smith Brown | |||||
| PO Box 5340 | PRINCETON | NJ | 08543 | accounting | $61,259 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | TO DEVELOP THE CITY OF NEW BRUNSWICK AND THE STATE OF NJ INCLUDING THE DEVELOPMENT OF RESIDENTIAL AND COMMERCIAL REAL ESTATE IN A MANNER BENEFICIAL TO THE COMMUNITY. | Description1Txt |
| Expenses1 | $4,899,210 | Expenses1Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $4,915,907 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $4,915,907 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $4,915,907 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $73,739 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $4,842,168 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $242,108 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $4,899,210 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $4,899,210 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $4,899,210 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $0 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2018 | PriorYear1Yr |
| Prior Year2 | 2017 | PriorYear2Yr |
| Prior Year3 | 2016 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr2 | $4,518,776 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $5,053,987 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $9,572,763 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $4,899,210 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Remaining Distri From Corpus | $4,899,210 | RemainingDistriFromCorpusAmt |
| Total Corpus | $14,471,973 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $14,471,973 | ExcessDistriCyovToNextYrAmt |
| Excess From Year2 | $4,518,776 | ExcessFromYear2Amt |
| Excess From Year1 | $5,053,987 | ExcessFromYear1Amt |
| Excess From Current Year | $4,899,210 | ExcessFromCurrentYearAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Total | $0 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Total | $0 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $4,899,210 | CurrentYearAmt |
| Year1 | $5,053,987 | Year1Amt |
| Year2 | $4,518,776 | Year2Amt |
| Total | $14,471,973 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Qualifying Distri Not Used Drt | QualifyingDistriNotUsedDrtGrp |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $4,899,210 | CurrentYearAmt |
| Year1 | $5,053,987 | Year1Amt |
| Year2 | $4,518,776 | Year2Amt |
| Total | $14,471,973 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $103,117,654 | CurrentYearAmt |
| Year1 | $302,960,190 | Year1Amt |
| Year2 | $311,545,195 | Year2Amt |
| Total | $717,623,039 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $106,811,147 | CurrentYearAmt |
| Year1 | $302,962,189 | Year1Amt |
| Year2 | $311,545,195 | Year2Amt |
| Total | $721,318,531 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Two Thirds Minimum Invst Ret | TwoThirdsMinimumInvstRetGrp |
Total Support TotalSupportGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Public Support Type PublicSupportType
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Largest Support From EO LargestSupportFromEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Gross Investment Income GrossInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NA | ContributingManagerNm |
| Shareholder Manager | NA | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Program Service Rev Part VII ProgramServiceRevPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MANAGEMENT&DEV.FEE | Desc |
| Business | 531310 | BusinessCd |
| Related Or Exempt Function Incm | $731,710 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $161,334 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Div And Int From Sec Part VII | DivAndIntFromSecPartVIIGrp | |
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Incm Part VII | OtherInvestmentIncmPartVIIGrp | |
| Gain Sales Ast Oth Than Invntry | GainSalesAstOthThanInvntryGrp | |
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $161,334 | ExclusionAmt |
| Related Or Exempt Function Incm | $731,710 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $893,044 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 1A | LineNumberTxt |
| Relationship Statement | THE ORGANIZATION UNDERTAKES COMMUNITY DEVELOPMENT ACTIVITIES AND PROJECTS ON A SCALE AS MAY BE NECESSARY, APPROPRIATE, OR DESIREABLE TO IMPROVE THE SOCIAL, CULTURAL, INSTITUTIONAL, AND PHYSICAL ENVIRONMENT OF THE CITY OF NEW BRUNSWICK AND OTHER CITIES THROUGHOUT THE STATE OF NEW JERSEY. | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| ROBERT WOOD JOHNSON FOUNDATION | ||||||
| 1 | COLLEGE ROAD AND ROUTE 1 PO BOX | Princeton | NJ | 08543 | $498,230 | Yes (X) |
| small business administration | ||||||
| 2 | 409 3rd stsw | washington | DC | 20416 | $437,237 | Yes (X) |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING/AUDIT FEES | CategoryTxt |
| Amt | $69,132 | Amt |
| Adjusted Net Income | $69,132 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $67,898 | DisbursementsCharitablePrpsAmt |
Contractor Compensation Expln ContractorCompensationExpln
Contractor Comp Expln ContractorCompExplnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Person | WINDELS MARX LANE MITTENDORF | ContractorPersonNm |
| Explanation | LEGAL | ExplanationTxt |
Depreciation Schedule DepreciationSchedule
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (14 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| INVESTMENT IN CS II | $100 | $100 |
| INVESMENT IN CS III | $100 | $100 |
| INVESTMENT IN CS IV | $100 | $100 |
| INVESTMENT IN LOWER GEORGE ST | $100 | $100 |
| INVESTMENT IN CHILD HEALTH INS | $100 | $100 |
| INVEST IN STUDENT HOUSING DEVE | $100 | $100 |
| INVEST IN UNIVERSITY HOUSING | $100 | $100 |
| INVESTMENT IN TRANSIT VILLAGE | $1,842,448 | $1,842,448 |
| INVEST IN HELDRICH CONDO | $100 | $100 |
| INVEST IN HELDRICH URBAN RENEW | $100 | $100 |
| INVEST IN STDNT HS URBAN RENEW | $100 | $100 |
| INVESTMENT IN UNIVERSITY DEVEL | $100 | $100 |
| INVESETMENT IN SOMERSET STREET | $100 | $100 |
| INVESTMENT IN EDUCATIONAL FACI | $100 | $100 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $59,236 | LegalFeesAmt |
| Adjusted Net Income | $59,236 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $57,805 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (6 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| REDEVELOPMENT COSTS | $5,767,369 | $16,064,345 | $16,064,345 |
| INTEREST RECEIVABLE | $1,522,861 | $965,075 | $965,075 |
| OTHER ASSETS | $22,200 | $22,200 | $22,200 |
| CAPITAL LEASE RECEIVABLE | $279,090,056 | $75,419,674 | $75,419,674 |
| DEFERRED DEVELOPER FEE | $1,100,000 | $1,100,000 | $1,100,000 |
| ESCROW DEPOSITS | $22,715 | $647,877 | $647,877 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| ADVERTISING | $268,497 | $0 | $268,497 | $263,622 |
| OFFICE EXPENSE | $110,792 | $0 | $110,792 | $114,669 |
| CONFERENCES AND MEETINGS | $26,327 | $0 | $26,327 | $26,327 |
| INSURANCE | $150,943 | $0 | $150,943 | $150,943 |
| DIRECT REDEVELOPMENT PROJECT | $267,789 | $161,334 | $106,455 | $358,153 |
| BAD DEBT EXPENSE | $3,794,356 | $0 | $3,794,356 | $0 |
| PROJECT DEVELOPMENT COSTS | $0 | $0 | $0 | $790,185 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MANAGEMENT & DEVELOPMENT FEES | Desc |
| Revenue And Expenses Per Books | $731,710 | RevenueAndExpensesPerBooksAmt |
| Adjusted Net Income | $731,710 | AdjustedNetIncomeAmt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SECURITY DEPOSITS | Desc |
| BOY Book Value | $71,618 | BOYBookValueAmt |
| EOY Book Value | $71,618 | EOYBookValueAmt |
Other Notes Loans Rcvbl Long Sch OtherNotesLoansRcvblLongSch
Other Notes Loans Rcvbl Long OtherNotesLoansRcvblLongGrp
Borrower Name BorrowerNameGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MIDDLESEX COUNTY IMPROVEMENT AUTHORITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Balance Due | $3,258,356 | BalanceDueAmt |
| Note | 2005-04 | NoteDt |
| Loan Maturity | 2037-01 | LoanMaturityDt |
| Interest | 6. | InterestRt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | PAYROLL TAXES | CategoryTxt |
| Amt | $103,878 | Amt |
| Adjusted Net Income | $103,878 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $103,878 | DisbursementsCharitablePrpsAmt |