2019-05-15T08:34:57-05:00 2018-06-30 812950760 SAX LLP 855 VALLEY ROAD CLIFTON NJ 07013 990 2017-07-01 261150169 75 SPRUCE STREET DEVELOPMENT INC 75SP 9734131600 PO BOX 6976 PATERSON NJ 07509 ROBERT GUARASCI PRESIDENT 9734131600 2019-05-15 1 MARQUS WHITE P00053187 9734726250 2019-05-15 173.251.63.34 2019-05-15 08:34:54 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A7535DCA5648023B1C741310F11E1C287627D414 2017 2019-02-21 02:37:17Z ROBERT GUARASCI PO BOX 6976 PATERSON NJ 07509 952094 0 X N/A X 2007 NJ TO PROVIDE EDUCATIONAL OPPORTUNITY AND COMMUNITY DEVELOPMENT IN THE CITY OF PATERSON. 3 0 0 3 0 0 0 0 945075 952094 0 0 0 0 945075 952094 0 0 0 0 0 0 0 0 0 681158 685392 681158 685392 263917 266702 7969042 7917284 6890199 6571739 1078843 1345545 TO PROVIDE EDUCATIONAL OPPORTUNITY AND COMMUNITY DEVELOPMENT IN THE CITY OF PATERSON. 0 0 685392 952094 FUNDS TO SUPPORT EDUCATIONAL PROGRAMMING AT THE COMMUNITY CHARTER SCHOOL OF PATERSON TO BENEFIT 900 PATERSON STUDENTS. 685392 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 0 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X ROBERT GUARASCI 9734131600 PO BOX 6976 PATERSON NJ 07509 ROBERT GUARASCI CHAIR/PRESIDENT 1.00 65.00 X X 0 214856 16233 MICHAEL CASSIDY VICE PRESIDENT 1.00 50.00 X X 0 109602 300 EDDIE GONZALEZ SECRETARY/TREASURER 1.00 50.00 X X 0 108512 12897 0 432970 29430 0 0 1 0 0 PROGRAM REVENUE 900099 952094 952094 952094 952094 952094 0 0 X 36000 36000 500 500 180250 180250 1614 1614 4468 4468 270389 270389 143633 143633 22199 22199 REPAIRS AND MAINTENANCE 18747 18747 FACILITY COSTS 7388 7388 PROGRAM EXPENSE 176 176 LICENSES AND PERMITS 28 28 685392 685392 0 0 504978 518089 631 79394 8580402 1292348 7431552 7288054 31881 31747 7969042 7917284 6851348 6571739 38851 0 6890199 6571739 X 1078843 1345545 1078843 1345545 7969042 7917284 266702 0 X X 0 1 X 1 0 X X X 1 NEW JERSEY COMMUNITY DEVELOPMENT CORP 223282526 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 3000000 3000000 5527235 1271574 4255661 53167 20774 32393 7288054 X 952094 0 952094 0 952094 685392 0 685392 0 685392 PART X, LINE 2: 75 SPRUCE QUALIFIES AS A TAX EXEMPT ORGANIZATION UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509 (A). MANAGEMENT EVALUATED THE AGENCY'S TAX POSITIONS AND CONCLUDED THAT THE AGENCY HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. THE AGENCY FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. WITH FEW EXCEPTIONS, THE AGENCY IS NOT SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES UNLESS THE AGENCY WAS ENGAGED IN ACTIVITIES THAT WOULD GENERATE UNRELATED BUSINESS INCOME. 0 0 0 0 0 0 0 0 0 ROBERT GUARASCI CHAIR/PRESIDENT 0 183016 0 30000 0 1840 0 0 0 16233 0 231089 0 0 A NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY 222045817 2014-10-01 5600000 REFINANCE EXISTING DEBT USED TO FINANCE THE ACQUISITION OF 75 SPRUCE ST. 0 0 0 A 5600000 37525 5562475 0 0 1 1 A 0 0 0 0 1 0 1 A 0 0 0 0 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION A, LINE 2 ROBERT GUARASCI AND MIKE CASSIDY HAVE A BUSINESS RELATIONSHIP. ROBERT GUARASCI AND EDDIE GONZALEZ HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PRESENTED AND REVIEWED AT THE BOARD MEETING PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY AND TRUSTEES ARE ASKED TO DISCLOSE IF THERE ARE ANY CONFLICTS. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION BY ANYONE DURING NORMAL BUSINESS HOURS UPON REQUEST. IT IS ALSO AVAILABLE FOR INSPECTION ON THE GUIDE STAR WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNANCE DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR VIEWING BY THE PUBLIC AT THE ADMINISTRATIVE OFFICE UPON REQUEST. FORM 990, PART IX, LINE 11G MAINTENANCE FEES: PROGRAM SERVICE EXPENSES 180,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 180,000. CONSULTANT FEES: PROGRAM SERVICE EXPENSES 250. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 250. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. NEW JERSEY COMMUNITY DEVELOPMENT CORP PO BOX 6976 PATERSON NJ 07509 223282526 NJCDC IS A NON-PROFIT COMMUNITY DEVELOPMENT AND SOCIAL SERVICE AGENCY NJ 501(C)(3) LINE 7 0 HAWTHORNE SUPPORTIVE HOUSING INC PO BOX 6976 PATERSON NJ 07509 201505451 PROVIDE HOUSING TO VERY LOW INCOME PERSONS WITH DEVELOPMENTAL DISABILITIES NJ 501(C)(3) LINE 7 NEW JERSEY COMMUNITY DEVELOPMENT CORP 0 GREAT FALLS HOUSING CORP PO BOX 6976 PATERSON NJ 07509 272230034 RENTAL ACTIVITY NJ 501(C)(3) LINE 7 NEW JERSEY COMMUNITY DEVELOPMENT CORP 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 NEW JERSEY COMMUNITY DEVELOPMENT CORP E 6571739 NEW JERSEY COMMUNITY DEVELOPMENT CORP M 216000