Overview
What is The Journal Square Special Imp District Mgt Corp?
The Journal Square Special Imp District Mgt Corp, based in Jersey City, New Jersey, serves as a nonprofit organization primarily focused on maintaining cleanliness and ensuring sanitation within the Journal Square area. This benefits a wide range of stakeholders, including property owners, businesses, employees, residents, and consumers. Beyond its maintenance role, the organization also actively works towards promoting the local economy in Journal Square.
Official website here: www.the newjournalsquare.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%
The Journal Square Special Imp District Mgt Corp has received a Three-Star out of Four Star rating from Charity Navigator, reflecting a solid performance in accountability and finance with a score of 88%. The organization boasts a fully independent board, demonstrating strong governance practices, as evidenced by high scores in various areas such as board independence and financial oversight.
Despite its strengths, the nonprofit has some notable gaps in policies, particularly the absence of a whistleblower policy and document retention protocols, which may raise concerns about transparency and accountability. Additionally, the tax form is not posted on the organization's website, which could limit access to financial information for stakeholders.
On a positive note, the organization has a commendable program expense ratio of 88.44%, indicating that a significant portion of its expenditures is directed towards its programs, showcasing its commitment to fulfilling its mission. Overall, while there are areas for improvement, the Journal Square Special Imp District Mgt Corp demonstrates a strong foundation in financial management and governance.
This AI summary has been generated from information found on Charity Navigator.
Is The Journal Square Special Imp District Mgt Corp legitimate?
The Journal Square Special Imp District Mgt Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Journal Square Special Imp District Mgt Corp submitted a form 990, 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.
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Official website here: www.the newjournalsquare.com
What is the mission statement of The Journal Square Special Imp District Mgt Corp?
The Journal Square Special Imp District Mgt Corp's mission is centered around promoting economic growth. In simpler terms, their primary goal is to stimulate the economy within their jurisdiction. They achieve this by providing necessary maintenance services, such as sanitation, for the benefit of property owners, businesses, employees, residents, and consumers in the area. By doing so, they contribute to the overall appeal and vitality of the economy within their specified district.
Official website here: www.the newjournalsquare.com
Who is the CEO of The Journal Square Special Imp District Mgt Corp?
Ahmed Shedeed is the Trustee of The Journal Square Special Imp District Mgt Corp.
Official website here: www.the newjournalsquare.com
What is the revenue of The Journal Square Special Imp District Mgt Corp?
The Journal Square Special Imp District Mgt Corp's revenue in 2022 was $779,601.
Official website here: www.the newjournalsquare.com
Who are the executives of The Journal Square Special Imp District Mgt Corp and what are their salaries?
There 15 volunteers at The Journal Square Special Imp District Mgt Corp.
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Official website here: www.the newjournalsquare.com
Where can I find the form 990 for The Journal Square Special Imp District Mgt Corp?
The Journal Square Special Imp District Mgt Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.the newjournalsquare.com
Learn more at the official website: www.the newjournalsquare.com
Mission Statement of The Journal Square Special Imp District Mgt Corp
The Journal Square Special Imp District Mgt Corp, in its mission, aims to stimulate the economy within its jurisdiction. This nonprofit organization works tirelessly to promote economic growth in Journal Square, without specifying its exact location. To achieve this goal, it provides essential services that benefit property owners, businesses, employees, residents, and consumers in the Journal Square area. These services include maintaining district cleanliness and sanitation, contributing positively to the overall well-being of the community. By doing so, the Journal Square Special Imp District Mgt Corp seeks to enhance the appeal and attractiveness of the area, thereby fostering a thriving economic environment.
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Impact
October, 2024
The Journal Square Special Improvement District Management Corporation plays a pivotal role in enhancing the economy of the Journal Square area in Jersey City, NJ. By focusing on district maintenance, it ensures a clean and welcoming environment that benefits property owners, businesses, employees, residents, and consumers alike.
Through comprehensive sanitation efforts and additional services, the corporation fosters a thriving community atmosphere, making Journal Square an attractive destination for commerce and daily activities. Its initiatives contribute to overall community improvement by creating a safer, more enjoyable space that supports local businesses and encourages economic growth. This engagement not only uplifts the look and feel of the district but also instills a sense of pride among those who live and work in the area, ultimately driving more visitors and increasing economic opportunities.
This information is meant to be a general summary of The Journal Square Special Imp District Mgt 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.
- Investment Income: $1,074
- Program Service Revenue: $760
- Gross Receipts: $779,601
Assets and Liabilities:
- Total Assets: $340,085
- Total Liabilities: $14,028
- Net Assets: $326,057
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Organization Details
Founding Year
1993
Phone
(201) 795-1854Principal Officer
Ahmed Shedeed
Main Address
14 PATH PLAZA, JERSEY CITY, NJ, 07306
Website
www.the newjournalsquare.comNTEE Category
Code: S310 - Community improvement
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