2025-10-03T08:22:45-05:00 2024-12-31 132781641 MITCHELL & TITUS LLP 80 PINE STREET 32ND FL NEW YORK NY 10005 990 2024-01-01 260829057 INVEST NEWARK A NEW JERSEY NONPROFIT CORP INVE 9732731040 111 MULBERRY STREET LL NEWARK NJ 07102 KEVIN COLLINS CFO 9732731040 2025-10-03 1 0 ERIC HARRISON P01916785 2127094500 2025-09-16 2024 2025-03-06 01:10:19Z KEVIN COLLINS 111 MULBERRY STREET LL NEWARK NJ 07102 12491538 0 X WWW.INVESTNEWARK.ORG X 2007 NJ INVEST NEWARK'S MISSION TO RETAIN AND GROW BUSINESSES, ENHANCE SMALL AND MINORITY CAPACITY, INITIATE AND EXECUTE ECONOMIC DEVELOPMENT ACTIVITIES, PRODUCE AND SUSTAIN ECONOMIC GROWTH. 7 7 24 0 0 0 15287341 9651129 1395306 1220191 -225451 -577649 0 0 16457196 10293671 0 0 0 0 3042805 3355356 0 0 0 3571228 5376977 6614033 8732333 9843163 1561338 29952166 35240519 6588979 10315994 23363187 24924525 X INVEST NEWARK FACILITATED SMALL BUSINESS LOANS AND EXPANDED AN INITIATIVE TO GIVE SMALL AND MINORITY BUSINESSES MORE ACCESS TO CREDIT, CONTRACTING OPPORTUNITIES AND TECHNICAL ASSISTANCE TO PROMOTE SMALL MINORITY BUSINESS DEVELOPMENT.INVEST NEWARK ALSO IS PROMOTING HOME OWNERSHIP THROUGH ITS LAND BANK AND THE REAL ESTATE PROGRAMS. 0 0 1076530 674968 SMALL MINORITY BUSINESS DEV/INVESTMENTS & LENDING: INVEST NEWARK FACILITATED SMALL BUSINESS LOANS AND EXPANDED AN INITIATIVE TO GIVE SMALL AND MINORITY BUSINESSES MORE ACCESS TO CREDIT, CONTRACTING OPPORTUNITIES AND TECHNICAL ASSISTANCE TO PROMOTE SMALL MINORITY BUSINESS DEVEOPMENT. 1809239 REAL ESTATE DEV/LAND BANK: THE AGENCY HELPED BOTH DEVELOPERS AND BUSINESSES ACCESS NEWARK'S VAST DEVELOPMENT OPPORTUNITIES BY ASSISTING WITH A WIDE RANGE OF SERVICES INCLUDING SITE SELECTION, PERMITTING, APPROVALS, AND FINANCING. ADDITIONALLY, THE AGENCY MANAGED REAL ESTATE PROJECTS ON BEHALF OF THE CITY SUCH AS THE NEWARK RIVERFRONT PARK PROJECT.IN JULY 2019, THE STATE OF NEW JERSEY PASSED AN ACT (P.L.2019, C.159 (C.40A:12A-74 ET SEQ.) KNOWN AS THE "NEW JERSEY LAND BANK LAW." IN THE MONTH OF APRIL 2020, THE CITY COUNCIL OF THE CITY OF NEWARK PASSED ORDINANCE 18:15:1 ESTABLISHMENT OF LAND BANK. AS A RESULT OF THE PASSAGE OF THESE TWO PIECES OF LEGISLATION, THE CITY OF NEWARK AND INVEST NEWARK ENTERED INTO A LAND BANK AGREEMENT, WHICH DESIGNATED INVEST NEWARK AS THE LAND BANK ENTITY. INVEST NEWARK OPERATES THE NEWARK LAND BANK THAT WILL STRATEGICALLY ACQUIRE, MAINTAIN, AND REPURPOSE VACANT, ABANDONED, AND FORECLOSED PROPERTIES, AND EFFICIENTLY RETURN THEM TO PRODUCTIVE USE IN ORDER TO BOOST HOMEOWNERSHIP; REDUCE BLIGHT; INCREASE MWBE DEVELOPER OR SUBCONTRACTOR CAPACITY; INCREASE PROPERTY VALUES AND IMPROVE THE QUALITY OF LIFE FOR NEWARK RESIDENTS. 3433491 545223 3433491 545223 6319260 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 376 0 24 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 NJ X KEVIN COLLINS 9732731040 111 MULBERRY STREET MARKET STREET NEWARK NJ 07102 THERONE HOPKINS STARTED ON 992024 CHIEF LENDING DEVELOPMENT OFFICER 40.00 X X 52308 0 10462 KEVIN LYONS MEMBER 0.00 X 0 0 0 MICHAEL SILVA MEMBER 0.00 X 0 0 0 ALLISON LADD CHAIRPERSON 0.00 X 0 0 0 JOE FREISER CO-CHAIRPERSON 0.00 X 0 0 0 RICHARD CAMMARIERI MEMBER 0.00 X 0 0 0 TIFFANY JACKSON MEMBER 0.00 X 0 0 0 KEVIN CALLAGHAN MEMBER 0.00 X 0 0 0 MARCUS RANDOLPH PRESIDENT & CEO 40.00 X 180000 0 62995 KEVIN COLLINS CFO 40.00 X 180662 0 53266 JERERI EDWARDS SVP OF FINANCE 40.00 X 142139 0 6576 AARON MEYERSON CHIEF INNOVATIVE ECONOMY OFFICER 40.00 X 179801 0 33065 EMILY MANZ CHIEF BUSINESS DEVELOPMENT OFFICER 40.00 X 155000 0 31761 JEET GULATI GENERAL COUNSEL 40.00 X 173400 0 34293 GREGORY GOOD CHIEF REAL ESTATE DEVELOPMENT OFFICER 40.00 X 165000 0 24017 1228310 0 256435 7 0 1 0 CM CONSULTING II LLC 325 FERRY STREET SUITE 108 NEWARK NJ 07105 CONSTRUCTION SERVICES 619082 PRO CONSTRUCTION & MANAGEMENT GROUP 2 CENTER STREET SUITE 2103 NEWARK NJ 07102 CONSTRUCTION SERVICES 483000 J & A REAL ESTATE DEVELOPMENT LLC 636 THOMAS BOULEVARD UNIT B EAST ORANGE NJ 07017 CONSTRUCTION SERVICES 313875 VISION INTERNATIONAL ENTERPRISES 26 CENTER STREET STATEN ISLAND NY 10306 CONSTRUCTION SERVICES 271991 ALGORITHM REAL ESTATE HOLDINGS LLC 142 LAFAYETTE STREET NEWARK NJ 07105 CONSTRUCTION SERVICES 251221 11 6060200 3590929 1060200 9651129 INTEREST INCOME 900099 499367 499367 OTHER INCOME 900099 323267 323267 NEWARK FIBER 900099 221956 221956 LOAN INTEREST 900099 175601 175601 1220191 1620218 2197867 -577649 -577649 -577649 10293671 642542 0 0 2233693 916516 1317177 411598 254859 156739 93284 48094 45190 616781 256614 360167 43452 43452 70108 60904 9204 31114 2970 28144 144139 76065 68074 226069 94337 131732 29386 20257 9129 94530 76226 18304 150819 123608 27211 153763 89545 64218 SPONSORSHIPS, GRANTS, A 3043263 3037276 5987 REPAIRS AND MAINTENANCE 467950 467950 DUE DILIGENCE 270885 270885 SPONSORSHIP AND COMMUNI 263091 252900 10191 388408 270254 118154 8732333 6319260 2413073 0 5319327 6141992 3426297 3033739 3627374 4340153 2278022 1834415 16134575 875575 12564968 15259000 2736178 4631220 29952166 35240519 330824 190544 6258155 10125450 6588979 10315994 X 0 0 0 0 0 0 23363187 24924525 29952166 35240519 1561338 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15029162 15029162 265118 5167 259951 779871 835748 -55877 60424 34660 25764 15259000 FUNDS HELD IN TRUST 75977 UEZ FUNDS HELD IN TRUST 4108710 FUNDS HELD IN TRUST - HUD FUNDS 64422 OTHER RECEIVABLE 382111 4631220 OTHER PROGRAM PAYABLE 544060 LIABILITY FOR UEZ FUNDS HELD IN TRUST 8939709 LIABILITY FOR FUNDS HELD IN TRUST 77366 LIABILITY FOR FUNDS HELD IN TRUST - HUD 64315 LISC CDFI LOAN FUND LINE OF CREDIT 500000 10125450 X 10293671 0 10293671 0 10293671 8732333 0 8732333 0 8732333 PART X, LINE 2: INVEST NEWARK RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT INVEST NEWARK HAS NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. X 1 0 X X X X 0 0 0 0 0 0 0 0 0 MARCUS RANDOLPH PRESIDENT & CEO 180000 0 0 0 0 0 30492 0 32503 0 242995 0 0 0 KEVIN COLLINS CFO 180662 0 0 0 0 0 30496 0 22770 0 233928 0 0 0 AARON MEYERSON CHIEF INNOVATIVE ECONOMY OFFICER 179801 0 0 0 0 0 23000 0 10065 0 212866 0 0 0 JEET GULATI GENERAL COUNSEL 173400 0 0 0 0 0 10404 0 23889 0 207693 0 0 0 GREGORY GOOD CHIEF REAL ESTATE DEVELOPMENT OFFICE 165000 0 0 0 0 0 24017 0 0 0 189017 0 0 0 EMILY MANZ CHIEF BUSINESS DEVELOPMENT OFFICER 155000 0 0 0 0 0 16692 0 15069 0 186761 0 0 0 X 1 1060200 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B MINUTES WERE TAKEN BY VARIOUS COMMITTEES AND FULL BOARD WHENEVER THERE WAS A MEETING AT ANY LEVELS. FORM 990, PART VI, SECTION B, LINE 11B COPIES OF FORM 990 ARE DISTRIBUTED TO THE BOARD MEMBERS FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C REVIEW OF ANY CONFLICT OF INTEREST IS AN INTEGRAL PART OF THE AGENDA FORM 990, PART VI, SECTION B, LINE 15A THE BOARD REVIEWS EXEC. DIR COMPEMSATION ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE PUBLIC CAN ACCESS THE FINANCIAL REPORTS AND FORM 990 FROM THE ORGANIZATION'S WEBSITE. HOWEVER, OTHER DOCUMENTS ARE KEPT AT THE ORGANIZATION'S OFFICE AND ARE AVAILABLE UPON REQUEST.