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TO PROMOTE, ENCOURAGE AND ASSIST IN THE INDUSTRIAL, COMMERCIAL AND ECONOMIC DEVELOPMENT OF THE CITY OF JERSEY CITY, THEREBY INCREASING THE COMMERCIAL/TRADE OF THE CITY CREATING GREATER EMPLOYMENT OPPORTUNITIES AND BROADENING THE TAX BASE.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$3.8M
Program Spending
88%
of total expenses go to program services
Total Contributions
$3.7M
Total Expenses
▼$4.1M
Total Assets
$7.5M
Total Liabilities
▼$5.9M
Net Assets
$1.6M
Officer Compensation
→$336.3K
Other Salaries
$0
Investment Income
$79.9K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$550K
Awards Found
1
| Awarding Agency | Description | Amount | Fiscal Year | Period | Link |
|---|---|---|---|---|---|
| Department of Commerce | CARES ACT RLF | $550K | — | — – — | Open → |
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
2
Clean Audits
1
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2022 | Clean | Unmodified (Clean) | $1.4M | No | 2023-03-30 |
| 2021 | Minor Findings | Unmodified (Clean) | $10.2M | No | 2022-04-12 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$10.2M
Tax Year 2023 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $3.8M | $3.7M | $4.1M | $7.5M | $1.6M |
| 2022IRS e-File | $1.9M | $1.8M | $2.3M | $2M | $1.9M |
| 2021 | $10.8M | $10.7M | $12M | $2.5M | $2.4M |
| 2020 | $2M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2023)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Florence Baron | Development Dir | 40 | $99.2K | $0 | $0 | $99.2K |
| Jennifer Moore Waterman | Dir.of Business | 40 | $99.2K | $0 | $0 | $99.2K |
| Shannon Mitchell | Senior Assoc. | 40 | $77.2K | $0 | $0 | $77.2K |
| Miriam Tineo | Financial Admin | 40 | $60.6K | $0 | $0 | $60.6K |
Florence Baron
Development Dir
$99.2K
Hrs/Wk
40
Compensation
$99.2K
Related Orgs
$0
Other
$0
Jennifer Moore Waterman
Dir.of Business
$99.2K
Hrs/Wk
40
Compensation
$99.2K
Related Orgs
$0
Other
$0
Shannon Mitchell
Senior Assoc.
$77.2K
Hrs/Wk
40
Compensation
$77.2K
Related Orgs
$0
Other
$0
Miriam Tineo
Financial Admin
$60.6K
Hrs/Wk
40
Compensation
$60.6K
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Brendan Somerville | Vice-chair. | — | $0 | $0 | $0 | $0 |
| Jeff Justice Williams | Trustee | — | $0 | $0 | $0 | $0 |
| Kia Deadwyler | Asst.secretary | — | $0 | $0 | $0 | $0 |
| Mayor Steven Fulop | Trustee | — | $0 | $0 | $0 | $0 |
| Nicholas Cavaluzzi | Secretary | — | $0 | $0 | $0 | $0 |
| Osman Gani | Trustee |
Brendan Somerville
Vice-chair.
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Jeff Justice Williams
Trustee
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Kia Deadwyler
Asst.secretary
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
| $2M |
| $934.9K |
| $3.5M |
| $3.5M |
| 2019 | $380.1K | $364.8K | $1.1M | $2.2M | $2.1M |
| 2018 | $639.7K | $613.8K | $924.1K | $3M | $2.9M |
| 2017 | $826.4K | $725.2K | $1.3M | $3.1M | $3.1M |
| 2016 | $615.8K | $613.4K | $1.4M | $4.2M | $4M |
| 2015 | $1.3M | $1.2M | $2.3M | $4.4M | $4.3M |
| 2014 | $969.4K | $826.2K | $1.8M | $5.4M | $5.3M |
| 2013 | $1.8M | $1.7M | $4.2M | $6.2M | $6M |
| 2012 | $4.7M | $4.6M | $8.6M | $8.9M | $8.4M |
| 2011 | $3.1M | $3.3M | $4.7M | $12.5M | $12.4M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| — |
| $0 |
| $0 |
| $0 |
| $0 |
| Philip Mcgovern | Trustee | — | $0 | $0 | $0 | $0 |
| Richard Campisano Esq | Trustee/counsel | — | $0 | $0 | $0 | $0 |
| Rosemary Mcfadden | Chairwoman | 5 | $0 | $0 | $0 | $0 |
| Suraj Kaufman | Treasurer | — | $0 | $0 | $0 | $0 |
Mayor Steven Fulop
Trustee
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Nicholas Cavaluzzi
Secretary
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Osman Gani
Trustee
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Philip Mcgovern
Trustee
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Richard Campisano Esq
Trustee/counsel
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Rosemary Mcfadden
Chairwoman
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Suraj Kaufman
Treasurer
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0