Overview
What is Great Falls Preservation & Development Corp?
Great Falls Preservation & Development Corp is a nonprofit organization situated in Paterson, New Jersey. Their primary mission revolves around advocating and promoting the preservation, revitalization, and adaptive reuse of historical buildings and natural landmarks within the Great Falls Historic District. They strive to foster an appreciation for conservation among Paterson's citizens. In 2020, a portion of their expenses was allocated towards litigation, aiming to uphold a deed agreement between the City and the corporation, which ultimately resulted in their favor. Additionally, rental income derived from subtenants of the Thomas Rogers Building contributes towards regular maintenance, legal processes, and capital needs for the building. Overall, Great Falls Preservation & Development Corp plays a significant role in preserving the historical charm and beauty of Paterson's heritage.
Is Great Falls Preservation & Development Corp legitimate?
Great Falls Preservation & Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Great Falls Preservation & Development Corp submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
What is the mission statement of Great Falls Preservation & Development Corp?
Great Falls Preservation & Development Corp advocates for the development of historic sites through preservation, renovation, and adaptive reuse. Their mission is to foster an interest in conservation efforts among the community. They promote this mission by advocating for the Great Falls Historic District in Paterson, NJ. A significant portion of their funds in 2020 was allocated to litigation to enforce a deed between the City and the corporation, resulting in a favorable outcome for Great Falls Preservation. The corporation also derives income from rents paid by subtenants of the Thomas Rogers Building, which is used for routine maintenance, legal processes, and addressing capital needs for the building.
Who is the CEO of Great Falls Preservation & Development Corp?
Peggy L Robertson is the Executive Director of Great Falls Preservation & Development Corp.
What is the revenue of Great Falls Preservation & Development Corp?
Great Falls Preservation & Development Corp's revenue in 2022 was $169,284.
Who are the executives of Great Falls Preservation & Development Corp and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $31,350
- Related: $0
- Other: $0
- Compensation: $30,257
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Great Falls Preservation & Development Corp?
Great Falls Preservation & Development Corp's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Great Falls Preservation & Development Corp
Great Falls Preservation, as an organization, is dedicated to advocating for the development and preservation of the Great Falls Historic District. Their mission involves promoting historical conservation, revitalization, and adaptive reuse of buildings and natural landmarks. By doing so, they aim to foster interest in preservation among the local community. A significant portion of their funds in 2020 was allocated towards litigation, securing a favorable outcome in a deed dispute with the City. Furthermore, the corporation derives revenue from rents paid by subtenants of the Thomas Rogers Building. These funds are utilized for routine maintenance, legal processes, and addressing capital needs for the building. In essence, Great Falls Preservation is committed to preserving historical sites and stimulating interest in conservation while ensuring the financial sustainability of its projects.
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Impact
October, 2024
Great Falls Preservation & Development Corp plays a vital role in fostering the development of the Great Falls Historic District in Paterson, NJ. By advocating for historic preservation and the revitalization of both buildings and natural landmarks, the organization not only enhances the cultural landscape of the area but also ignites community interest in conservation efforts among local residents.
Their commitment to adaptive reuse ensures that historic structures are given new life, integrating the past into the present while promoting sustainable practices. Crucially, their legal actions have secured the rights and responsibilities outlined in deeds, thereby strengthening their position to carry out preservation initiatives effectively. The ongoing revenue generated from subtenants of the Thomas Rogers Building supports necessary routine maintenance and addresses legal matters, which is essential for maintaining the integrity of the building.
Overall, Great Falls Preservation & Development Corp significantly impacts the community by not only preserving its historical identity but also by promoting local engagement and ensuring the sustainable management of its valuable cultural assets.
This information is meant to be a general summary of Great Falls Preservation & Development Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $169,080
- Gross Receipts: $169,284
Assets and Liabilities:
- Total Assets: $117,926
- Total Liabilities: $0
- Net Assets: $117,926
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Organization Details
Principal Officer
Peggy L Robertson
Main Address
2 MARKET STREET, PATERSON, NJ, 075011726
NTEE Category
Code: A80 - Arts
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