Civic Intelligence

Jersey City Economic Development Corporation

990 • Fiscal year 2017 • EIN 22-2304615

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 14, 2017

Organization Profilewww.jcedc.org

View Organization Page

298 Academy StJersey City, NJ 07306

(201) 333-7797

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

24th percentile

0.03x

Higher debt load relative to assets than 24% of similar nonprofits.

2017 filings • NTEE S • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

36th percentile

0.11x

Higher debt load relative to revenue than 36% of similar nonprofits.

2017 filings • NTEE S • $1M-$5M nonprofits • Source year 2017

Net Margin

7th percentile

-62%

Higher net margin than 7% of similar nonprofits.

2017 filings • NTEE S • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

41st percentile

$65,525

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 7.9% of source-year revenue.

2017 filings • NTEE S • $1M-$5M nonprofits • Source year 2017

Asset Growth

5th percentile

-25%

Faster asset growth than 5% of similar nonprofits.

2017 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

81st percentile

34%

Faster revenue growth than 81% of similar nonprofits.

2017 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets24th percentile

Assets

Down

$3,146,460

Down $1,029,081 (-25%) from 2016

Net Assets

Down

$3,056,289

Down $956,296 (-24%) from 2016

Liabilities

Down

$90,171

Down $72,785 (-45%) from 2016

Revenue And Expenses
Liabilities / Revenue36th percentileNet Margin7th percentile

Revenue

Up

$826,398

Up $210,554 (+34%) from 2016

Expenses

Down

$1,342,035

Down $46,710 (-3.4%) from 2016

Net Income

Up

-$515,637

Up $257,264 (+33%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $12,465,077Liabilities 2011: $107,543Net Assets 2011: $12,357,5342011Assets 2012: $8,888,435Liabilities 2012: $466,442Net Assets 2012: $8,421,9932012Assets 2013: $6,197,426Liabilities 2013: $163,710Net Assets 2013: $6,033,7162013Assets 2014: $5,378,027Liabilities 2014: $64,224Net Assets 2014: $5,313,8032014Assets 2015: $4,417,064Liabilities 2015: $113,604Net Assets 2015: $4,303,4602015Assets 2016: $4,175,541Liabilities 2016: $162,956Net Assets 2016: $4,012,5852016Assets 2017: $3,146,460Liabilities 2017: $90,171Net Assets 2017: $3,056,2892017Assets 2018: $2,966,598Liabilities 2018: $100,095Net Assets 2018: $2,866,5032018Assets 2019: $2,475,700Liabilities 2019: $11,221Net Assets 2019: $2,464,4792019Assets 2020: $3,477,498Liabilities 2020: $13,149Net Assets 2020: $3,464,3492020Assets 2021: $2,463,752Liabilities 2021: $50,500Net Assets 2021: $2,413,2522021Assets 2022: $2,457,867Liabilities 2022: $142,057Net Assets 2022: $2,315,8102022Assets 2023: $2,043,984Liabilities 2023: $156,793Net Assets 2023: $1,887,1912023Assets 2024: $7,526,087Liabilities 2024: $5,922,098Net Assets 2024: $1,603,9892024

Highlighted filing

2017

Assets$3,146,460
Liabilities$90,171
Net Assets$3,056,289
Open 2017 Filing

Operations Trend

Revenue Growth81st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2011: $3,107,978Expenses 2011: $4,706,303Net Income 2011: -$1,598,3252011Expenses 2012: $8,618,5792012Revenue 2013: $1,834,818Expenses 2013: $4,241,454Net Income 2013: -$2,406,6362013Revenue 2014: $969,367Expenses 2014: $1,772,194Net Income 2014: -$802,8272014Revenue 2015: $1,313,990Expenses 2015: $2,250,734Net Income 2015: -$936,7442015Revenue 2016: $615,844Expenses 2016: $1,388,745Net Income 2016: -$772,9012016Revenue 2017: $826,398Expenses 2017: $1,342,035Net Income 2017: -$515,6372017Revenue 2018: $639,657Expenses 2018: $924,051Net Income 2018: -$284,3942018Revenue 2019: $934,062Expenses 2019: $1,195,156Net Income 2019: -$261,0942019Revenue 2020: $2,009,014Expenses 2020: $934,881Net Income 2020: $1,074,1332020Revenue 2021: $10,799,259Expenses 2021: $11,978,433Net Income 2021: -$1,179,1742021Revenue 2022: $2,488,701Expenses 2022: $2,480,555Net Income 2022: $8,1462022Revenue 2023: $1,875,777Expenses 2023: $2,301,668Net Income 2023: -$425,8912023Revenue 2024: $3,794,753Expenses 2024: $4,088,672Net Income 2024: -$293,9192024

Highlighted filing

2017

Revenue$826,398
Expenses$1,342,035
Net Income-$515,637
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$826,398
Mission and Program Overview

Mission

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.

To promote, encourage and assist in the industrial, commercial and economic development of the City of Jersey City, thereby increasing the commerce/trade of the City creating greater employment opportunites and broadening the tax base

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,655,945$1,747,305▲ $91,360
Investments in Publicly Traded Securities$591,215$821,918▲ $230,703
Other Notes and Loans Receivable, Net$1,132,154$531,806▼ $600,348
Pledges and Grants Receivable$270,931$45,431▼ $225,500
Total Assets$3,650,245$3,146,460▼ $503,785
Liabilities
Accounts Payable and Accrued Expenses$61,199$54,171▼ $7,028
Unsecured Notes Loans Payable$56,000$36,000▼ $20,000
Total Liabilities$117,199$90,171▼ $27,028
Net Assets / Fund Balance
Unrestricted Net Assets$3,092,762$2,765,882▼ $326,880
Temporarily Rstr Net Assets$440,284$290,407▼ $149,877
Total Net Assets Fund Balance$3,533,046$3,056,289▼ $476,757
Total Liabilities and Net Assets / Fund Balance$3,650,245$3,146,460▼ $503,785
Compensation and Service Providers
Top Officer Pay41st percentile

Employees

NameTitleBaseTotal
Florence BaronDevelopment Officer$65,525$65,525

Board Members and Trustees

NameTitle
Rosemary McFaddenChairwoman
Vivan Brady PhillipsVice Chairperson
Brian PlattTrustee
Eric FlemingTrustee
Ilene JablonskiTrustee
Joan QuigleyTrustee
John HorowitzTrustee
Nicholas CavaluzziTrustee
Phillip McGovernTrustee
Rolando LavarroTrustee
Steven FulopTrusteeJC Mayor
Vijay GuptaSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$725,182
Program Service Revenue
$45,554
Investment Income
$55,662
Other Revenue
$0
All Other Contributions
$600,822
Change in Net Assets
$-515,637

Audited Revenue Reconciliation

Revenue per Audited Statements
$826,398
Revenue Not Reported on Form 990
$38,881
Total Revenue per Audited Statements
$865,279
Total Revenue per Form 990
$826,398
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,134,775
Salaries, Compensation, and Employee Benefits$207,260
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$761,475$890-$762,365
Current Officers, Directors, Trustees, and Key Employees$142,318--$142,318
Advertising$118,913$2,294-$121,207
Fees for Services Other$79,745--$79,745
Other Employee Benefits$40,917--$40,917
Interest-$32,000-$32,000
Fees for Services Accounting-$25,069-$25,069
Fees for Services Legal-$21,929-$21,929
Payroll Taxes$19,425--$19,425
Office Expenses$10,057$2,463-$12,520
Insurance-$12,224-$12,224
Information Technology-$6,902-$6,902
Conferences and Meetings$6,896--$6,896
Other Expenses$40,518$5,545-$5,545
Pension Plan Contributions$4,600--$4,600
Travel-$245-$245
Total Functional Expenses$1,224,864$117,171$0$1,342,035

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,342,036
Total Expenses per Audited Statements$1,342,036
Total Expenses per Form 990$1,342,036
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

“Several trustees are affiliated with different departments of the City of Jersey City including the Mayors office. Other Trustees have business interests with in the City of Jersey City.”

Form 990 governing body review Part VI line 11

“The Governing Body is given a copt of the audited financial statements and Form 990 to review upon presentation.”

Conflict of interest policy compliance Part VI line 12C

“All individulas are given fors to complete inidicating any conflicts of interest.”

Governing documents etc available to public Part VI line 19

“Documents are available upon written request to the oganization.”

Filing and Contact Details

Filer

Filer Name
Jersey City Economic Development Co
EIN
22-2304615
Address
298 Academy St, Jersey City, NJ 07306

Signing Officer

Name
Florence Baron
Title
Development Off
Phone
2013337797
Signed
2017-11-14
Discuss with paid preparer
No

Organization Details

Formed
1980
Legal Domicile
Nj
Voting Board Members
9
Independent Board Members
5
Employees
3
Volunteers
9

Preparer

Firm
Hodulik Morrison PA
Address
1102 Raritan Avenue, Highland Park, NJ 08904
Preparer
Andrew G Hodulik CPA
Phone
7323931000
Supplemental Narrative

Additional Explanations

Audited by an independent accountant Part XII line 2B

“The Governing Body is given a copy of the of the audited financial statements and form 990 to review upon presentation.”

List of other expenses Part IX line 24E

“SponsorshipsLoan Program ExpensesOtheer RElated Project Costs”

Raw XML AppendixShowing 400 of 468 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt061199
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt054171
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0To promote, encourage and assist in the industrial, commercial and economic development of the City of Jersey City, thereby increasing the commerce/trade of the City creating greater employment opportunites and broadening the tax base
IRS990/AdvertisingGrp/ManagementAndGeneralAmt02294
IRS990/AdvertisingGrp/ProgramServicesAmt0118913
IRS990/AdvertisingGrp/TotalAmt0121207
IRS990/AllOtherContributionsAmt0600822
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0890
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0761475
IRS990/AllOtherExpensesGrp/TotalAmt0762365
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0false
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0Jersey City Economic Development Co
IRS990/BooksInCareOfDetail/PhoneNum02013337797
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0298 Academy St
IRS990/BooksInCareOfDetail/USAddress/CityNm0Jersey City
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990/BooksInCareOfDetail/USAddress/ZIPCd007306
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01655945
IRS990/CashNonInterestBearingGrp/EOYAmt01747305
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0142318
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0142318
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt06896
IRS990/ConferencesMeetingsGrp/TotalAmt06896
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0725182
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt055662
IRS990/CYOtherExpensesAmt01134775
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt045554
IRS990/CYRevenuesLessExpensesAmt0-515637
IRS990/CYSalariesCompEmpBnftPaidAmt0207260
IRS990/CYTotalExpensesAmt01342035
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0826398
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0Various Programs to promote, encourage and assist in the industrial, commercial and economic development of the City of Jersey City
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt03
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01068880
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt025069
IRS990/FeesForServicesAccountingGrp/TotalAmt025069
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt021929
IRS990/FeesForServicesLegalGrp/TotalAmt021929
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt079745
IRS990/FeesForServicesOtherGrp/TotalAmt079745
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt120.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/PersonNm0Rosemary McFadden
IRS990/Form990PartVIISectionAGrp/PersonNm1Steven Fulop
IRS990/Form990PartVIISectionAGrp/PersonNm2Vivan Brady Phillips
IRS990/Form990PartVIISectionAGrp/PersonNm3Eric Fleming
IRS990/Form990PartVIISectionAGrp/PersonNm4Brian Platt
IRS990/Form990PartVIISectionAGrp/PersonNm5Nicholas Cavaluzzi
IRS990/Form990PartVIISectionAGrp/PersonNm6Vijay Gupta
IRS990/Form990PartVIISectionAGrp/PersonNm7John Horowitz
IRS990/Form990PartVIISectionAGrp/PersonNm8Rolando Lavarro
IRS990/Form990PartVIISectionAGrp/PersonNm9Joan Quigley
IRS990/Form990PartVIISectionAGrp/PersonNm10Ilene Jablonski
IRS990/Form990PartVIISectionAGrp/PersonNm11Phillip McGovern
IRS990/Form990PartVIISectionAGrp/PersonNm12Florence Baron
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1265525
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairwoman
IRS990/Form990PartVIISectionAGrp/TitleTxt1TrusteeJC Mayor
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Development Officer
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01980
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt0124360
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0826398
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt06902
IRS990/InformationTechnologyGrp/TotalAmt06902
IRS990/InsuranceGrp/ManagementAndGeneralAmt012224
IRS990/InsuranceGrp/TotalAmt012224
IRS990/InterestGrp/ManagementAndGeneralAmt032000
IRS990/InterestGrp/TotalAmt032000
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt055662
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt055662
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0591215
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0821918
IRS990/IRPDocumentCnt034
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NJ
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To promote, encourage and assist in the industrial, commercial and economic development of the City of Jersey City, thereby increasing the commerce/trade of the City creating greater employment opportunites and broadening the tax base
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt03533046
IRS990/NetAssetsOrFundBalancesEOYAmt03056289
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt038880
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02463
IRS990/OfficeExpensesGrp/ProgramServicesAmt010057
IRS990/OfficeExpensesGrp/TotalAmt012520
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt040917
IRS990/OtherEmployeeBenefitsGrp/TotalAmt040917
IRS990/OtherExpensesGrp/Desc0Payroll Expense
IRS990/OtherExpensesGrp/Desc1Equioment REntal
IRS990/OtherExpensesGrp/Desc2Telephone
IRS990/OtherExpensesGrp/Desc3Dues & Memeberships
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03157
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14453
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt25545
IRS990/OtherExpensesGrp/ProgramServicesAmt040518
IRS990/OtherExpensesGrp/TotalAmt03157
IRS990/OtherExpensesGrp/TotalAmt140518
IRS990/OtherExpensesGrp/TotalAmt24453
IRS990/OtherExpensesGrp/TotalAmt35545
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01132154
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0531806
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt019425
IRS990/PayrollTaxesGrp/TotalAmt019425
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt04600
IRS990/PensionPlanContributionsGrp/TotalAmt04600
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0270931
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt045431
IRS990/PoliticalCampaignActyInd0false
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522291
IRS990/ProgramServiceRevenueGrp/Desc0Interest-Loan programs
IRS990/ProgramServiceRevenueGrp/Desc1Service Fees-Loan Prg
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt042101
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13453
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt042101
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13453
IRS990/ProgSrvcAccomActy2Grp/Desc0New Jersey Division of Tourism-Development of marketing and advertising services to propmote and enhance the tourism business in the City of Jersey City
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0155984
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0153360
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0153360
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0613421
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt01214286
IRS990/PYProgramServiceRevenueAmt02423
IRS990/PYRevenuesLessExpensesAmt0-772901
IRS990/PYSalariesCompEmpBnftPaidAmt0174459
IRS990/PYTotalExpensesAmt01388745
IRS990/PYTotalRevenueAmt0615844
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-515637
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0711919
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0725182
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0613421
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01625042
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0913081
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01800015
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05676741
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0101217
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt067031
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt053602
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt056286
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt063564
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0341700
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.94320
IRS990ScheduleA/PublicSupportPY170Pct00.97390
IRS990ScheduleA/PublicSupportTotal170Amt05676741
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0725182
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0613421
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01625042
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0913081
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01800015
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05676741
IRS990ScheduleA/TotalSupportAmt06018441
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt01342036
IRS990ScheduleD/NetUnrealizedGainsInvstAmt038881
IRS990ScheduleD/RevenueNotReportedAmt038881
IRS990ScheduleD/RevenueSubtotalAmt0826398
IRS990ScheduleD/TotalExpensesPerForm990Amt01342036
IRS990ScheduleD/TotalRevenuePerForm990Amt0826398
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0865279
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01342036
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Several trustees are affiliated with different departments of the City of Jersey City including the Mayors office. Other Trustees have business interests with in the City of Jersey City.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Governing Body is given a copt of the audited financial statements and Form 990 to review upon presentation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All individulas are given fors to complete inidicating any conflicts of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Documents are available upon written request to the oganization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Governing Body is given a copy of the of the audited financial statements and form 990 to review upon presentation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SponsorshipsLoan Program ExpensesOtheer RElated Project Costs
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Audited by an independent accountant Part XII line 2b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other expenses Part IX line 24e
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0The City of Jersey City
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0226002013
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Gocernment Entity
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0280 GRove St
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Jersey City
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd007302
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0440284
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0290407
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03650245
IRS990/TotalAssetsEOYAmt03146460
IRS990/TotalAssetsGrp/BOYAmt03650245
IRS990/TotalAssetsGrp/EOYAmt03146460
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0725182
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0117171
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01224864
IRS990/TotalFunctionalExpensesGrp/TotalAmt01342035

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,146,460
Liabilities
$90,171
Net assets
$3,056,289
Revenue
$826,398
Expenses
$1,342,035
Net income
-$515,637
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.53$5.92$1.60$3.79$4.09$0.29
2023Detailed filing. Detailed filing data is available for this year.$2.04$0.16$1.89$1.88$2.30$0.43
2022Detailed filing. Detailed filing data is available for this year.$2.46$0.14$2.32$2.49$2.48$0.01
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.46$0.05$2.41$10.8$12.0$1.18
2020Detailed filing. Detailed filing data is available for this year.$3.48$0.01$3.46$2.01$0.93$1.07
2019Detailed filing. Detailed filing data is available for this year.$2.48$0.01$2.46$0.93$1.20$0.26
2018Detailed filing. Detailed filing data is available for this year.$2.97$0.10$2.87$0.64$0.92$0.28
2017Detailed filing. Detailed filing data is available for this year.$3.15$0.09$3.06$0.83$1.34$0.52
2016Detailed filing. Detailed filing data is available for this year.$4.18$0.16$4.01$0.62$1.39$0.77
2015Summary only. Only limited summary data is available for this year.$4.42$0.11$4.30$1.31$2.25$0.94
2014Detailed filing. Detailed filing data is available for this year.$5.38$0.06$5.31$0.97$1.77$0.80
2013Summary only. Only limited summary data is available for this year.$6.20$0.16$6.03$1.83$4.24$2.41
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.89$0.47$8.42$8.62
2011Summary only. Only limited summary data is available for this year.$12.5$0.11$12.4$3.11$4.71$1.60