Civic Intelligence

Gloucester City Economic Development Corporation

EIN 45-5536392 • 501(c)3 • Gloucester City, NJ

Pub. 78 Eligible990-N CoverageNTEE S30

Profile

Rebuild city of gloucester commercial base

PO Box 602Gloucester City, NJ 08030
Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

$533,182

No earlier filing loaded for comparison.

Liabilities

$560,000

No earlier filing loaded for comparison.

Net Assets

-$26,818

No earlier filing loaded for comparison.

Operations

Revenue

$56,010

No earlier filing loaded for comparison.

Expenses

$54,638

No earlier filing loaded for comparison.

Net Income

$1,372

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2016: $533,182Liabilities 2016: $560,000Net Assets 2016: -$26,8182016

Highlighted filing

2016

Assets$533,182
Liabilities$560,000
Net Assets-$26,818
Open 2016 Filing

Operations Trend

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

$60K$40K$20K$0Revenue 2016: $56,010Expenses 2016: $54,638Net Income 2016: $1,3722016

Highlighted filing

2016

Revenue$56,010
Expenses$54,638
Net Income$1,372
Open 2016 Filing

Filings

Most recent year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$533,182
Liabilities
$560,000
Net assets
-$26,818
Revenue
$56,010
Expenses
$54,638
Net income
$1,372
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$5.33$5.60$0.27$0.56$0.55$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 21, 2017
Return Version
2016v3.0
Gross Receipts
$56,010
Mission and Program Overview

Mission

Rebuild city of gloucester commercial base

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$343,744-
Other Notes and Loans Receivable, Net-$97,767-
Cash and Non-Interest-Bearing Accounts-$91,671-
Total Assets$0$533,182▲ $533,182
Liabilities
Unsecured Notes Loans Payable-$560,000-
Total Liabilities$0$560,000▲ $560,000
Net Assets / Fund Balance
Unrestricted Net Assets-$-26,818-
Total Net Assets Fund Balance$0$-26,818▼ $26,818
Total Liabilities and Net Assets / Fund Balance$0$533,182▲ $533,182

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$301,744$11,356$313,100
Land$42,000-$42,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Rocco DiantonioChairman
Frank AnticoVice Chairman
Daniel SpencerBoard Member
Patrick HealeyBoard Member
Robert BevanBoard Member
Thomas MonahanBoard Member
Robert BoothTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$55,975
Investment Income
$35
Other Revenue
$0
Change in Net Assets
$1,372
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$54,638
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$11,356--$11,356
Fees for Services Accounting-$10,920-$10,920
All Other Expenses$5,871--$5,871
Insurance$1,143--$1,143
Other Expenses$1,142--$1,142
Office Expenses$474--$474
Total Functional Expenses$43,718$10,920$0$54,638
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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

Form 990 governing body review Part VI line 11

“The form was approved by governing body”

Conflict of interest policy compliance Part VI line 12C

“There is na board approved conflict of interest and members must disclose if they have a conflict”

Governing documents etc available to public Part VI line 19

“The form ia maintained at board offices which are open daily”

Filing and Contact Details

Filer

Filer Name
Gloucester City Economic Development Corporation
EIN
45-5536392
Address
PO BOX 602, Gloucester City, NJ 08030

Signing Officer

Name
Rocco Diantonio
Title
Treasurer
Phone
8569066714
Signed
2017-02-21
Discuss with paid preparer
No

Organization Details

Principal Officer
Rocco Diantonio
Formed
2012
Legal Domicile
Nj
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Paul V Farrell CPA
Address
602 N Atlantic Ave, COLLINGSWOOD, NJ 08108
Preparer
31091Paul Farrell
Phone
8564284009
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

“Property taxes”

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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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