Civic Intelligence

Newark Development Partners

990 • Fiscal year 2020 • EIN 46-1551173

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 14, 2021

Organization ProfileWWW.WEDIGNEWARK.COM
PO Box 3500Newark, OH 43058-3500

(740) 349-3774

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.00x

Higher debt load relative to assets than 22% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

20th percentile

0.01x

Higher debt load relative to revenue than 20% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

97th percentile

88%

Higher net margin than 97% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

76th percentile

$118,750

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

94th percentile

114%

Faster asset growth than 94% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

97th percentile

270%

Faster revenue growth than 97% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$4,549,931

Up $2,424,999 (+114%) from 2019

Net Assets

Up

$4,533,415

Up $2,478,062 (+121%) from 2019

Liabilities

Down

$16,516

Down $53,063 (-76%) from 2019

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin97th percentile

Revenue

Up

$2,811,099

Up $2,050,449 (+270%) from 2019

Expenses

Down

$333,037

Down $167,500 (-33%) from 2019

Net Income

Up

$2,478,062

Up $2,217,949 (+853%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2013: $21,327Liabilities 2013: $2,354Net Assets 2013: $18,9732013Assets 2014: $49,506Liabilities 2014: $2,431Net Assets 2014: $47,0752014Assets 2015: $300,592Liabilities 2015: $682,236Net Assets 2015: -$381,6442015Assets 2016: $1,524,200Liabilities 2016: $257,037Net Assets 2016: $1,267,1632016Assets 2017: $1,654,488Liabilities 2017: $183,034Net Assets 2017: $1,471,4542017Assets 2018: $1,917,046Liabilities 2018: $121,806Net Assets 2018: $1,795,2402018Assets 2019: $2,124,932Liabilities 2019: $69,579Net Assets 2019: $2,055,3532019Assets 2020: $4,549,931Liabilities 2020: $16,516Net Assets 2020: $4,533,4152020Assets 2021: $11,575,010Liabilities 2021: $52,364Net Assets 2021: $11,522,6462021Assets 2022: $12,379,098Liabilities 2022: $663,651Net Assets 2022: $11,715,4472022Assets 2023: $14,486,412Liabilities 2023: $663,862Net Assets 2023: $13,822,5502023Assets 2024: $18,499,321Liabilities 2024: $3,389,515Net Assets 2024: $15,109,8062024

Highlighted filing

2020

Assets$4,549,931
Liabilities$16,516
Net Assets$4,533,415
Open 2020 Filing

Operations Trend

Revenue Growth97th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $88,565Expenses 2013: $69,592Net Income 2013: $18,9732013Revenue 2014: $173,124Expenses 2014: $145,022Net Income 2014: $28,1022014Revenue 2015: $829,542Expenses 2015: $1,258,261Net Income 2015: -$428,7192015Revenue 2016: $2,112,141Expenses 2016: $463,333Net Income 2016: $1,648,8082016Revenue 2017: $240,745Expenses 2017: $304,204Net Income 2017: -$63,4592017Revenue 2018: $585,325Expenses 2018: $261,539Net Income 2018: $323,7862018Revenue 2019: $760,650Expenses 2019: $500,537Net Income 2019: $260,1132019Revenue 2020: $2,811,099Expenses 2020: $333,037Net Income 2020: $2,478,0622020Revenue 2021: $7,291,964Expenses 2021: $302,733Net Income 2021: $6,989,2312021Revenue 2022: $866,644Expenses 2022: $715,760Net Income 2022: $150,8842022Revenue 2023: $3,300,746Expenses 2023: $1,193,643Net Income 2023: $2,107,1032023Revenue 2024: $2,058,190Expenses 2024: $770,934Net Income 2024: $1,287,2562024

Highlighted filing

2020

Revenue$2,811,099
Expenses$333,037
Net Income$2,478,062
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 14, 2021
Return Version
2020v4.1
Gross Receipts
$3,063,532
Mission and Program Overview

Mission

To lessen the burdens of city government and to alleviate poverty in the local area by incentivizing investments in the city of newark, ohio, in order to promote and sustain economic development, create jobs and further improve the business, industrial and residential living areas of the city.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable-$2,283,500-
Land, Buildings, and Equipment, Net$1,805,038$2,142,232▲ $337,194
Cash and Non-Interest-Bearing Accounts$264,904$124,101▼ $140,803
Other Notes and Loans Receivable, Net$54,942$0▼ $54,942
Total Assets$2,124,932$4,549,931▲ $2,424,999
Other Assets Total$48$98▲ $50
Liabilities
Unsecured Notes Loans Payable$42,397$0▼ $42,397
Other Liabilities$18,460$14,161▼ $4,299
Accounts Payable and Accrued Expenses$8,722$2,355▼ $6,367
Total Liabilities$69,579$16,516▼ $53,063
Net Assets / Fund Balance
Net Assets With Donor Restrictions$262,998$2,305,183▲ $2,042,185
Net Assets Without Donor Restrictions$1,792,355$2,228,232▲ $435,877
Total Net Assets Fund Balance$2,055,353$4,533,415▲ $2,478,062
Total Liabilities and Net Assets / Fund Balance$2,124,932$4,549,931▲ $2,424,999

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,260,826$105,220-
Other Land Buildings$62,538$3,301-
Land$766,408--
Equipment$52,460$15,012-
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Fred ErnestExecutive DirectorFT$118,750$118,750

Board Members and Trustees

NameTitle
Daniel DelawderChairman
Jerry McclainVice Chairman
Anne PetersonDirector
Brian MoreheadDirector
David RhodesDirector
Jennifer MccdonaldDirector
Mary AlbrightDirector
Noble SnowDirector
William SpurgeonDirector
Steve LaymanSecretary
Cheri HottingerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,679,045
Program Service Revenue
$82,432
Investment Income
$0
Other Revenue
$49,622
All Other Contributions
$2,619,045
Change in Net Assets
$2,478,062

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Commercial1$201,500Appraisal
Total Noncash Contributions1$201,500-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,736,099
Revenue Not Reported on Financial Statements
$75,000
Revenue Not Reported on Form 990
$252,433
Other Revenue Adjustments
$75,000
Total Revenue per Audited Statements
$2,988,532
Total Revenue per Form 990
$2,811,099
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$205,136
Salaries, Compensation, and Employee Benefits$127,901
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$118,750--$118,750
Depreciation Depletion$40,143--$40,143
Fees for Services Accounting-$12,299-$12,299
Payroll Taxes$9,151--$9,151
Insurance$5,480--$5,480
Fees for Services Legal$3,431--$3,431
Office Expenses-$1,704-$1,704
Other Expenses$1,890$1,339-$1,339
Interest$228--$228
Total Functional Expenses$317,695$15,342$0$333,037

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$585,470
Expenses per Audited Statements$333,037
Total Expenses per Form 990$333,037
Expenses Not Reported on Form 990$252,433
Expenses Not Reported on Financial Statements$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rent Deposits$14,161
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
Other officer compensation reviewed
Yes
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 A, Line 2

“The organization has agreed to provide economic development services within the city in which the organization is located. Some of the directors of the organization are also employees of the city of newark.”

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

“The form 990 is reviewed by the directors prior to its being filed.”

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

“Annual inquiries are made of board members for potential conflicts of interest.”

Form 990, Part VI, Section B, Line 15

“Executive director's compensation is determined by organization's executive committee based upon performance and evaluations.”

Form 990, Part VI, Section C, Line 19

“Documents are available upon request from the organization's treasurer.”

Part VI, Section C, Line 17

“The state of ohio requires an online charitable registration be completed rather than submitting a copy of the 990 to the attorney general. The necessary online filing requirements are completed in a timely manner.”

Filing and Contact Details

Filer

Filer Name
Newark Development Partners
EIN
46-1551173
Phone
7403493774
Address
PO BOX 3500, NEWARK, OH 43058-3500

Signing Officer

Name
Cheri L Hottinger
Title
Treasurer
Phone
7403453431
Signed
2021-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cheri L Hottinger
Formed
2012
Legal Domicile
Oh
Voting Board Members
10
Independent Board Members
10
Employees
1
Volunteers
100

Preparer

Firm
Wilson Shannon & Snow Inc
Address
10 WEST LOCUST STREET, NEWARK, OH 43055
Preparer
Crystal J Kent CPA
Phone
7403456611
Supplemental Narrative

Additional Explanations

Part XII, Line 1

“MODIFIED ACCRUAL”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“RENTAL EXPENSES 252,433.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Properly adjust pledge receivable balance 75,000.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“RENTAL EXPENSES 252,433.”

Raw XML AppendixShowing 400 of 529 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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt08722
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02355
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO LESSEN THE BURDENS OF CITY GOVERNMENT AND TO ALLEVIATE POVERTY IN THE LOCAL AREA BY INCENTIVIZING INVESTMENTS IN THE CITY OF NEWARK, OHIO, IN ORDER TO PROMOTE AND SUSTAIN ECONOMIC DEVELOPMENT, CREATE JOBS AND FURTHER IMPROVE THE BUSINESS, INDUSTRIAL AND RESIDENTIAL LIVING AREAS OF THE CITY.
IRS990/AllOtherContributionsAmt02619045
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0CHERI HOTTINGER
IRS990/BooksInCareOfDetail/PhoneNum07403493774
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 3500
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEWARK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OH
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0430583500
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0264904
IRS990/CashNonInterestBearingGrp/EOYAmt0124101
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0118750
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0118750
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02679045
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0205136
IRS990/CYOtherRevenueAmt049622
IRS990/CYProgramServiceRevenueAmt082432
IRS990/CYRevenuesLessExpensesAmt02478062
IRS990/CYSalariesCompEmpBnftPaidAmt0127901
IRS990/CYTotalExpensesAmt0333037
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02811099
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt040143
IRS990/DepreciationDepletionGrp/TotalAmt040143
IRS990/Desc0ENCOURAGE ECONOMIC DEVELOPMENT IN THE CITY OF NEWARK.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0262998
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt02305183
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0317695
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt012299
IRS990/FeesForServicesAccountingGrp/TotalAmt012299
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt03431
IRS990/FeesForServicesLegalGrp/TotalAmt03431
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt010.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt105.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1140.00
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/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
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/PersonNm0DANIEL DELAWDER
IRS990/Form990PartVIISectionAGrp/PersonNm1JERRY MCCLAIN
IRS990/Form990PartVIISectionAGrp/PersonNm2DAVID RHODES
IRS990/Form990PartVIISectionAGrp/PersonNm3NOBLE SNOW
IRS990/Form990PartVIISectionAGrp/PersonNm4MARY ALBRIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm5STEVE LAYMAN
IRS990/Form990PartVIISectionAGrp/PersonNm6BRIAN MOREHEAD
IRS990/Form990PartVIISectionAGrp/PersonNm7WILLIAM SPURGEON
IRS990/Form990PartVIISectionAGrp/PersonNm8JENNIFER MCCDONALD
IRS990/Form990PartVIISectionAGrp/PersonNm9ANNE PETERSON
IRS990/Form990PartVIISectionAGrp/PersonNm10CHERI HOTTINGER
IRS990/Form990PartVIISectionAGrp/PersonNm11FRED ERNEST
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/ReportableCompFromOrgAmt11118750
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/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt11EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02012
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GovernmentGrantsAmt060000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03063532
IRS990/GrossRentsGrp/RealAmt0245249
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt05480
IRS990/InsuranceGrp/TotalAmt05480
IRS990/InterestGrp/ProgramServicesAmt0228
IRS990/InterestGrp/TotalAmt0228
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt043
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0123533
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01805038
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02142232
IRS990/LandBldgEquipCostOrOtherBssAmt02265765
IRS990/LegalDomicileStateCd0OH
IRS990/LessRentalExpensesGrp/RealAmt0252433
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO LESSEN THE BURDENS OF CITY GOVERNMENT AND TO ALLEVIATE POVERTY IN THE LOCAL AREA BY INCENTIVIZING INVESTMENTS IN THE CITY OF NEWARK, OHIO, IN ORDER TO PROMOTE AND SUSTAIN ECONOMIC DEVELOPMENT, CREATE JOBS AND FURTHER IMPROVE THE BUSINESS, INDUSTRIAL AND RESIDENTIAL LIVING AREAS OF THE CITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02055353
IRS990/NetAssetsOrFundBalancesEOYAmt04533415
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0-7184
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-7184
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01792355
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02228232
IRS990/NoncashContributionsAmt0201500
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01704
IRS990/OfficeExpensesGrp/TotalAmt01704
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt048
IRS990/OtherAssetsTotalGrp/EOYAmt098
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SPECIAL PROJECTS
IRS990/OtherExpensesGrp/Desc1DUES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3LICENSES AND FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01339
IRS990/OtherExpensesGrp/ProgramServicesAmt0132527
IRS990/OtherExpensesGrp/ProgramServicesAmt16095
IRS990/OtherExpensesGrp/ProgramServicesAmt21890
IRS990/OtherExpensesGrp/TotalAmt0132527
IRS990/OtherExpensesGrp/TotalAmt16095
IRS990/OtherExpensesGrp/TotalAmt21890
IRS990/OtherExpensesGrp/TotalAmt31339
IRS990/OtherLiabilitiesGrp/BOYAmt018460
IRS990/OtherLiabilitiesGrp/EOYAmt014161
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0REIMBURSED LEGAL FEES
IRS990/OtherRevenueMiscGrp/Desc1OTHER
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt050000
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt16806
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt050000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt16806
IRS990/OtherRevenueTotalAmt056806
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt054942
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt09151
IRS990/PayrollTaxesGrp/TotalAmt09151
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02283500
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CHERI L HOTTINGER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/Desc0SPECIAL PROJECTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt082432
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt082432
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0615972
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt011068
IRS990/PYOtherExpensesAmt0383391
IRS990/PYOtherRevenueAmt0133610
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0260113
IRS990/PYSalariesCompEmpBnftPaidAmt0117146
IRS990/PYTotalExpensesAmt0500537
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0760650
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02478062
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-7184
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0139238
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02679045
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0615972
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0496636
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0198504
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02040990
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06031147
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0245249
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0301588
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0231407
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0119526
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt011130
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0908900
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt088876
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt056806
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt03612
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt07435
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt02516
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt060021
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0130390
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.43560
IRS990ScheduleA/PublicSupportPY170Pct00.47830
IRS990ScheduleA/PublicSupportTotal170Amt03080077
IRS990ScheduleA/SubstantialContributorsTotAmt02951070
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02679045
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0615972
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0496636
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0198504
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02040990
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06031147
IRS990ScheduleA/TotalSupportAmt07070437
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01260826
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0105220
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01366046
IRS990ScheduleD/EquipmentGrp/BookValueAmt052460
IRS990ScheduleD/EquipmentGrp/DepreciationAmt015012
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt067472
IRS990ScheduleD/ExpensesNotReportedAmt0252433
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0333037
IRS990ScheduleD/LandGrp/BookValueAmt0766408
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0766408
IRS990ScheduleD/OtherExpensesIncludedAmt0252433
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt062538
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03301
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt065839
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014161
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RENT DEPOSITS
IRS990ScheduleD/OtherRevenueAmt0252433
IRS990ScheduleD/OtherRevenuesNotIncludedAmt075000
IRS990ScheduleD/RevenueNotReportedAmt0252433
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt075000
IRS990ScheduleD/RevenueSubtotalAmt02736099
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RENTAL EXPENSES 252,433.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PROPERLY ADJUST PLEDGE RECEIVABLE BALANCE 75,000.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSES 252,433.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02142232
IRS990ScheduleD/TotalExpensesPerForm990Amt0333037
IRS990ScheduleD/TotalLiabilityAmt014161
IRS990ScheduleD/TotalRevenuePerForm990Amt02811099
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02988532
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0585470
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/RealEstateCommercialGrp/ContributionCnt01
IRS990ScheduleM/RealEstateCommercialGrp/MethodOfDeterminingRevenuesTxt0APPRAISAL
IRS990ScheduleM/RealEstateCommercialGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateCommercialGrp/NoncashContributionsRptF990Amt0201500
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd01
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS AGREED TO PROVIDE ECONOMIC DEVELOPMENT SERVICES WITHIN THE CITY IN WHICH THE ORGANIZATION IS LOCATED. SOME OF THE DIRECTORS OF THE ORGANIZATION ARE ALSO EMPLOYEES OF THE CITY OF NEWARK.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE DIRECTORS PRIOR TO ITS BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL INQUIRIES ARE MADE OF BOARD MEMBERS FOR POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY ORGANIZATION'S EXECUTIVE COMMITTEE BASED UPON PERFORMANCE AND EVALUATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE ORGANIZATION'S TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE STATE OF OHIO REQUIRES AN ONLINE CHARITABLE REGISTRATION BE COMPLETED RATHER THAN SUBMITTING A COPY OF THE 990 TO THE ATTORNEY GENERAL. THE NECESSARY ONLINE FILING REQUIREMENTS ARE COMPLETED IN A TIMELY MANNER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6MODIFIED ACCRUAL
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART VI, SECTION C, LINE 17
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PART XII, LINE 1
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0NEWARK DEVELOPMENT PARTNERS
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1NEWARK DEVELOPMENT PARTNERS
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt2NEWARK DEVELOPMENT PARTNERS
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt3NEWARK DEVELOPMENT PARTNERS
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt4NEWARK DEVELOPMENT PARTNERS
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt04082 LTD
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1NDP-195 UNION LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt2HISTORIC ARCADE LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt3NDP - WEST CHURCH LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt4NDP - HUDSON LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0461551173
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1461551173
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN2461551173

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,549,931
Liabilities
$16,516
Net assets
$4,533,415
Revenue
$2,811,099
Expenses
$333,037
Net income
$2,478,062
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.5$3.39$15.1$2.06$0.77$1.29
2023Detailed filing. Detailed filing data is available for this year.$14.5$0.66$13.8$3.30$1.19$2.11
2022Detailed filing. Detailed filing data is available for this year.$12.4$0.66$11.7$0.87$0.72$0.15
2021Detailed filing. Detailed filing data is available for this year.$11.6$0.05$11.5$7.29$0.30$6.99
2020Detailed filing. Detailed filing data is available for this year.$4.55$0.02$4.53$2.81$0.33$2.48
2019Summary only. Only limited summary data is available for this year.$2.12$0.07$2.06$0.76$0.50$0.26
2018Detailed filing. Detailed filing data is available for this year.$1.92$0.12$1.80$0.59$0.26$0.32
2017Detailed filing. Detailed filing data is available for this year.$1.65$0.18$1.47$0.24$0.30$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.52$0.26$1.27$2.11$0.46$1.65
2015Detailed filing. Detailed filing data is available for this year.$0.30$0.68$0.38$0.83$1.26$0.43
2014Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.17$0.15$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.09$0.07$0.02