2025-05-15T05:23:44-05:00 2024-06-30 812950760 SAX LLP 389 INTERPACE PARKWAY STE 3 PARSIPPANY NJ 07054 990 2023-07-01 261150169 75 SPRUCE STREET DEVELOPMENT INC 75SP 9734131600 PO BOX 6976 PATERSON NJ 07509 ROBERT GUARASCI PRESIDENT 9734131600 2025-05-15 1 0 MARQUS WHITE P00053187 9734726250 2025-05-14 2023 2025-03-06 01:10:19Z ROBERT GUARASCI PO BOX 6976 PATERSON NJ 07509 1391417 0 X N/A X 2007 NJ TO PROVIDE EDUCATIONAL OPPORTUNITY AND COMMUNITY DEVELOPMENT IN THE CITY OF PATERSON. 3 0 0 0 0 0 0 0 1390635 1391417 0 0 127772 0 1518407 1391417 0 0 0 0 0 0 0 0 0 1326981 1161792 1326981 1161792 191426 229625 7631487 7554976 4996313 4690177 2635174 2864799 TO PROVIDE EDUCATIONAL OPPORTUNITY AND COMMUNITY DEVELOPMENT IN THE CITY OF PATERSON. 0 0 1161792 1391417 FUNDS TO SUPPORT EDUCATIONAL PROGRAMMING AT THE COMMUNITY CHARTER SCHOOL OF PATERSON TO BENEFIT 900 PATERSON STUDENTS. 1161792 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 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 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 257151 12422 KATHIE MENDEZ SECRETARY/TREASURER 1.00 53.00 X X 0 165241 28424 MICHAEL DEBLASIO VICE PRESIDENT 1.00 43.00 X X 0 139791 361 0 562183 41207 0 0 1 0 0 PROGRAM REVENUE 900003 1391417 1391417 1391417 1391417 1391417 0 0 X 56000 56000 15000 15000 10250 10250 585539 585539 15213 15213 280862 280862 145338 145338 35405 35405 FACILITY COSTS 6952 6952 PROGRAM EXPENSE 5529 5529 POSTAGE & PRINTING 1968 1968 REPAIRS AND MAINTENANCE 1961 1961 1775 1775 1161792 1161792 0 0 838371 998541 78493 8648563 2159733 6634034 6488830 31077 30943 49512 36662 7631487 7554976 1850 3288 4994463 4647336 0 39553 4996313 4690177 X 2635174 2864799 2635174 2864799 7631487 7554976 229625 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 5595396 2107056 3488340 53167 52677 490 6488830 RENT PAYABLE 39553 39553 X 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 217151 0 40000 0 0 0 0 0 12422 0 269573 0 0 KATHIE MENDEZ SECRETARY/TREASURER 0 140000 0 25241 0 0 0 0 0 28424 0 193665 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, MICHAEL DEBLASIO, AND KATHIE MENDEZ 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 FEE: PROGRAM SERVICE EXPENSES 578,493. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 578,493. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 7,046. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,046. 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 GREAT FALLS ECONOMIC DEVELOPMENT CORP PO BOX 6976 PATERSON NJ 07509 813606443 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 4648624 NEW JERSEY COMMUNITY DEVELOPMENT CORP M 634493