Civic Intelligence

Don Pedro Development Corporation

EIN 23-3323123 • 501(c)3 • Newark, NJ

Profile

The development of affordable housing and other real estate projects as well as redevelopment activities that contribute to the revitalization of newark's communities.

75 Park AvenueNewark, NJ 07104

www.lacasanwk.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

47th percentile

0.39x

Higher debt load relative to assets than 47% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

67th percentile

3.82x

Higher debt load relative to revenue than 67% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Source year 2025

Net Margin

93rd percentile

71%

Higher net margin than 93% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

79th percentile

$239,172

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 69.3% of source-year revenue.

NTEE L • $1M-$5M nonprofits • Source year 2025

Asset Growth

88th percentile

19%

Faster asset growth than 88% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

34th percentile

0.0%

Faster revenue growth than 34% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$2,833,563

Up $245,542 (+9.5%) from 2023

Liabilities

Up

$1,018,542

Up $19,129 (+1.9%) from 2023

Net Assets

Up

$1,815,021

Up $226,413 (+14%) from 2023

Revenue

Flat

$345,000

Flat from 2023

Expenses

Down

$118,587

Down $37,597 (-24%) from 2023

Net Income

Up

$226,413

Up $37,597 (+20%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $6,677,619Liabilities 2011: $4,491,826Net Assets 2011: $2,185,7932011Assets 2012: $6,224,141Liabilities 2012: $4,965,460Net Assets 2012: $1,258,6812012Assets 2013: $4,932,171Liabilities 2013: $4,270,764Net Assets 2013: $661,4072013Assets 2014: $3,975,803Liabilities 2014: $3,425,543Net Assets 2014: $550,2602014Assets 2015: $3,227,017Liabilities 2015: $2,641,352Net Assets 2015: $585,6652015Assets 2016: $2,685,600Liabilities 2016: $1,852,255Net Assets 2016: $833,3452016Assets 2017: $2,761,667Liabilities 2017: $2,200,149Net Assets 2017: $561,5182017Assets 2018: $2,708,717Liabilities 2018: $2,008,775Net Assets 2018: $699,9422018Assets 2019: $2,641,608Liabilities 2019: $1,802,668Net Assets 2019: $838,9402019Assets 2020: $2,965,003Liabilities 2020: $1,626,802Net Assets 2020: $1,338,2012020Assets 2021: $2,986,222Liabilities 2021: $1,505,562Net Assets 2021: $1,480,6602021Assets 2022: $2,584,551Liabilities 2022: $1,184,759Net Assets 2022: $1,399,7922022Assets 2023: $2,588,021Liabilities 2023: $999,413Net Assets 2023: $1,588,6082023Assets 2024: $2,833,563Liabilities 2024: $1,018,542Net Assets 2024: $1,815,0212024

Highlighted filing

2024

Assets$2,833,563
Liabilities$1,018,542
Net Assets$1,815,021

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2011: $331,1052011Expenses 2012: $1,217,7282012Expenses 2013: $1,027,6172013Revenue 2014: $131,753Expenses 2014: $242,900Net Income 2014: -$111,1472014Revenue 2015: $288,966Expenses 2015: $253,561Net Income 2015: $35,4052015Revenue 2016: $926,948Expenses 2016: $679,268Net Income 2016: $247,6802016Revenue 2017: $342,239Expenses 2017: $614,066Net Income 2017: -$271,8272017Revenue 2018: $342,259Expenses 2018: $203,835Net Income 2018: $138,4242018Revenue 2019: $342,239Expenses 2019: $203,241Net Income 2019: $138,9982019Revenue 2020: $684,821Expenses 2020: $185,560Net Income 2020: $499,2612020Revenue 2021: $324,546Expenses 2021: $182,087Net Income 2021: $142,4592021Revenue 2022: $156,024Expenses 2022: $236,892Net Income 2022: -$80,8682022Revenue 2023: $345,000Expenses 2023: $156,184Net Income 2023: $188,8162023Revenue 2024: $345,000Expenses 2024: $118,587Net Income 2024: $226,4132024

Highlighted filing

2024

Revenue$345,000
Expenses$118,587
Net Income$226,413

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.83$1.02$1.82$0.35$0.12$0.23
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.59$1.00$1.59$0.35$0.16$0.19
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.58$1.18$1.40$0.16$0.24$0.08
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.99$1.51$1.48$0.32$0.18$0.14
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.97$1.63$1.34$0.68$0.19$0.50
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.64$1.80$0.84$0.34$0.20$0.14
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.71$2.01$0.70$0.34$0.20$0.14
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.76$2.20$0.56$0.34$0.61$0.27
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.69$1.85$0.83$0.93$0.68$0.25
2015Detailed filing. Detailed filing data is available for this year.$3.23$2.64$0.59$0.29$0.25$0.04
2014Detailed filing. Detailed filing data is available for this year.$3.98$3.43$0.55$0.13$0.24$0.11
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.93$4.27$0.66$1.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.22$4.97$1.26$1.22
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.68$4.49$2.19$0.33
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$345,000
Mission and Program Overview

Mission

The development of affordable housing and other real estate projects as well as redevelopment activities that contribute to the revitalization of newark's communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,777,358$1,707,214▼ $70,144
Cash and Non-Interest-Bearing Accounts$442,208$761,702▲ $319,494
Prepaid Expenses and Deferred Charges$8,399$25,230▲ $16,831
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$2,588,021$2,833,563▲ $245,542
Other Assets Total$360,056$339,417▼ $20,639
Liabilities
Mortgage Notes Payable Secured by Investment Property$855,003$620,021▼ $234,982
Other Liabilities$130,535$392,284▲ $261,749
Accounts Payable and Accrued Expenses$13,875$6,237▼ $7,638
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$999,413$1,018,542▲ $19,129
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,588,608$1,815,021▲ $226,413
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$1,588,608$1,815,021▲ $226,413
Total Liabilities and Net Assets / Fund Balance$2,588,021$2,833,563▲ $245,542

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,420,414$1,385,343$2,805,757
Land$286,800-$286,800
Other Assets Org$339,417--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Peter RosarioExecutive Director$215,815$215,815

Board Members and Trustees

NameTitle
Arcelio AponteChair
Peter RosarioPresident & CEO
Garfield GrantChief Financial Officer
Dawn C RobertsonMember
Steven GomezMember
Daniel CzerniawskiTreasurer, Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$345,000
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$226,413
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$118,587
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$70,144--$70,144
Interest$46,481--$46,481
Occupancy$1,684--$1,684
Office Expenses$278--$278
Total Functional Expenses$118,587$0$0$118,587
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to La Casa De Don Pedro$392,284
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Before the 990 is filed, the board members receive a draft of form 990 for review and discussion at a board meeting.

Form 990, Part VI, Section B, Line 12C

The organization requires that all officers, directors and trustees annually disclose any conflicts of interest to the organization.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Don Pedro Development Corporation
EIN
23-3323123
In Care Of
% PETER ROSARIO
Phone
9734828312
Address
75 Park Avenue, Newark, NJ 07104

Signing Officer

Name
Peter Rosario
Title
President & CEO
Phone
9734828312
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Rosario
Formed
1994
Legal Domicile
Nj
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
WithumSmithBrown PC
Address
ONE TOWER CENTER BLVD 14TH FL, EAST BRUNSWICK, NJ 08816
Preparer
Devin Desmond
Phone
7328281614
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A

Dpdc seeks to develop and undertake real estate development activities that contribute to the revitalization of the communities of the city of newark and its immediate environment, with a primary focus of aligning said activities with la casa de don pedro and its strategic and community plans.to that end, dpdc may undertake the purchase, holding, granting, transferring, sale, improvement and owning of real estate properties; it may engage in financial arrangements and contractual activities to underwrite the real estate development process inclusive of accepting grants, donations, contributions, fees and commissions; as well as take on debt and enter into such obligations, loans and promissory notes, letters of credit, guarantor positions, as well as other instruments that might be determined to be appropriate; to enter in contracts, agreements, service agreements, partnerships, joint ventures and collaborations or such other acceptable arrangements to undertake the development, construction, ownership, disposition, conveyance, transfer and sale of real property and other redevelopment projects and activities.

Financial Statement Notes

Form 990, Schedule D, Part X, Line 2

DON PEDRO DEVELOPMENT CORPORATION is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code and New Jersey taxation codes. Accordingly, no provision for income taxes has been reflected in the accompanying consolidated financial statements. La Casa has been determined not to be a "Private Foundation" within the meaning of Section 509(a) of the Internal Revenue Code. Neither organization had any unrecognized tax benefits at June 30, 2024 and 2023. The Organization files tax returns in the U.S. Federal jurisdiction and New Jersey. There are no amounts recorded for income tax related penalties or interest for the periods presented in these consolidated financial statements.

Raw XML AppendixShowing 400 of 518 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.

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IRS990ScheduleD/BuildingsGrp/BookValueAmt01420414
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IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0339417
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PROPERTY UNDER DEVELOPMENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0392284
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO LA CASA DE DON PEDRO
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0DON PEDRO DEVELOPMENT CORPORATION is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code and New Jersey taxation codes. Accordingly, no provision for income taxes has been reflected in the accompanying consolidated financial statements. La Casa has been determined not to be a "Private Foundation" within the meaning of Section 509(a) of the Internal Revenue Code. Neither organization had any unrecognized tax benefits at June 30, 2024 and 2023. The Organization files tax returns in the U.S. Federal jurisdiction and New Jersey. There are no amounts recorded for income tax related penalties or interest for the periods presented in these consolidated financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCHEDULE D, PART X, LINE 2
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0339417
IRS990ScheduleD/TotalLiabilityAmt0392284
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PETER ROSARIO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1GARFIELD GRANT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Chief Financial Officer
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DPDC SEEKS TO DEVELOP AND UNDERTAKE REAL ESTATE DEVELOPMENT ACTIVITIES THAT CONTRIBUTE TO THE REVITALIZATION OF THE COMMUNITIES OF THE CITY OF NEWARK AND ITS IMMEDIATE ENVIRONMENT, WITH A PRIMARY FOCUS OF ALIGNING SAID ACTIVITIES WITH LA CASA DE DON PEDRO AND ITS STRATEGIC AND COMMUNITY PLANS.TO THAT END, DPDC MAY UNDERTAKE THE PURCHASE, HOLDING, GRANTING, TRANSFERRING, SALE, IMPROVEMENT AND OWNING OF REAL ESTATE PROPERTIES; IT MAY ENGAGE IN FINANCIAL ARRANGEMENTS AND CONTRACTUAL ACTIVITIES TO UNDERWRITE THE REAL ESTATE DEVELOPMENT PROCESS INCLUSIVE OF ACCEPTING GRANTS, DONATIONS, CONTRIBUTIONS, FEES AND COMMISSIONS; AS WELL AS TAKE ON DEBT AND ENTER INTO SUCH OBLIGATIONS, LOANS AND PROMISSORY NOTES, LETTERS OF CREDIT, GUARANTOR POSITIONS, AS WELL AS OTHER INSTRUMENTS THAT MIGHT BE DETERMINED TO BE APPROPRIATE; TO ENTER IN CONTRACTS, AGREEMENTS, SERVICE AGREEMENTS, PARTNERSHIPS, JOINT VENTURES AND COLLABORATIONS OR SUCH OTHER ACCEPTABLE ARRANGEMENTS TO UNDERTAKE THE DEVELOPMENT, CONSTRUCTION, OWNERSHIP, DISPOSITION, CONVEYANCE, TRANSFER AND SALE OF REAL PROPERTY AND OTHER REDEVELOPMENT PROJECTS AND ACTIVITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BEFORE THE 990 IS FILED, THE BOARD MEMBERS RECEIVE A DRAFT OF FORM 990 FOR REVIEW AND DISCUSSION AT A BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REQUIRES THAT ALL OFFICERS, DIRECTORS AND TRUSTEES ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

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