New Jersey Community Development Corporation Inc

Organization Overview

New Jersey Community Development Corporation Inc is located in Paterson, NJ. The organization was established in 1998. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, New Jersey Community Development Corporation Inc employed 189 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Jersey Community Development Corporation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, New Jersey Community Development Corporation Inc generated $12.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $9.4m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

NJCDC IS A NON-PROFIT COMMUNITY DEVELOPMENT AND SOCIAL SERVICE AGENCY INCORPORATED IN THE STATE OF NEW JERSEY TO PROVIDE SERVICES IN THE AREAS OF EDUCATION, COMMUNITY DEVELOPMENT, YOUTH DEVELOPMENT, AND AFFORDABLE HOUSING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUPPORTIVE HOUSING NJCDC BUILDS AND OPERATES RESIDENTIAL PROGRAMS FOR ADULTS WITH DEVELOPMENTAL DISABILITIES, HOMELESS YOUTH, YOUTH AGING-OUT OF FOSTER CARE, AND PEOPLE WHO ARE HOMELESS WITH A MENTAL ILLNESS. IN PROVIDING SUPPORTIVE HOUSING, OUR GOAL IS TO OFFER HIGH-QUALITY HOUSING. AT THE SAME TIME WE OFFER A RANGE OF SERVICES DESIGNED TO HELP OUR RESIDENTS OVERCOME OBSTACLES AND LIVE RICH AND FULFILLING LIVES IN THE COMMUNITY.


YOUTH DEVELOPMENT PROGRAMSNJCDC OPERATES A NUMBER OF YOUTH DEVELOPMENT PROGRAMS DESIGNED TO PROVIDE YOUNG PEOPLE WITH A VARIETY OF SERVICES TO OVERCOME OBSTACLES AND REACH THEIR FULL POTENTIAL. THIS INCLUDES FOUR SCHOOL-BASED TEEN CENTERS, INITIATIVES TO TURN SCHOOLS INTO NEIGHBORHOOD CENTERS, AND AN AMERICORPS INITIATIVE THAT RECRUITS INDIVIDUALS TO COMMIT A YEAR OF SERVICE TO INNER-CITY STUDENTS.


EDUCATIONAL SERVICES NJCDC PROVIDES EDUCATIONAL SERVICES TO MORE THAN ONE THOUSAND YOUNG PEOPLE EACH DAY THROUGH THE OPERATION OF A PRESCHOOL, BY FOUNDING AND SUPPORTING THE COMMUNITY CHARTER SCHOOL OF PATERSON, BY PARTNERING WITH THE PATERSON SCHOOL DISTRICT TO OPERATE THE GARRETT MORGAN ACADEMY HIGH SCHOOL, BY OPERATING INITIATIVES TO PROMOTE COLLEGE READINESS, AND ENGAGING IN PARTNERSHIPS TO TEACH VOCATIONAL SKILLS. IN PROVIDING EDUCATIONAL SERVICES, OUR OBJECTIVE IS TO PROMOTE STUDENT ACHIEVEMENT AT THE SAME TIME WE OFFER SERVICES TO PROMOTE INDIVIDUAL AND FAMILY WELL-BEING.


COMMUNITY DEVELOPMENTNJCDC SEEKS TO IMPROVE THE QUALITY OF LIFE FOR PATERSON RESIDENTS LIVING IN AND AROUND THE GREAT FALLS HISTORIC DISTRICT AND SPRUCE STREET CORRIDOR. OUR GOAL IS TO REVITALIZE THE GREATER SPRUCE STREET NEIGHBORHOOD TO IMPROVE THE SOCIAL, ECONOMIC AND PHYSICAL ELEMENTS OFTHE AREA.


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Board, Officers & Key Employees

Name (title)Compensation
Robert Guarasci
President & CEO
$246,856
Kathie Mendez
CFO
$135,797
Anthony Coscia
Vice Chair
$0
David Berninger
Treasurer
$0
Lori Grifa
Secretary
$0
Robert Daleo
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Marini Brothers Construction
Construction
$105,021
Kiani Contracting
Construction
$113,260
Marini Brothers Construction
Construction
$105,021
Kiani Contracting
Construction
$113,260
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$188,347
Related organizations$0
Government grants $5,539,700
All other contributions, gifts, grants, and similar amounts not included above$3,461,408
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$9,189,455
Total Program Service Revenue$3,073,050
Investment income $110,158
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$18,519
Net Income from Fundraising Events -$16,376
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $12,337,768

Grants Recieved

Over the last fiscal year, we have identified 17 grants that New Jersey Community Development Corporation Inc has recieved totaling $286,651.

Awarding OrganizationAmount
Network For Good Inc

Washington, DC

PURPOSE: UNRESTRICTED

$54,436
Columbia Bank Foundation

Fair Lawn, NJ

PURPOSE: BRIDGE TO SUCCESS PROGRAM

$50,000
Sandra Shahinian Leitner Charitable Trust

New York, NY

PURPOSE: GENERAL SUPPORT

$30,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$30,000
Ayco Charitable Foundation

Cohoes, NY

PURPOSE: COMMUNITY & HUMAN SERVICES

$25,000
At&t Foundation

Dallas, TX

PURPOSE: EDUCATION

$20,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$31,468
Earnings$7,937
Ending Balance$39,405

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