Overview
What is Newark Downtown District Management Corporation?
Newark Downtown District Management Corporation is a nonprofit organization, situated at 60 Park Place, Newark, New Jersey 07102. Their primary mission is to revitalize downtown Newark, enhancing its economic viability and improving the overall quality of life for residents, commuters, students, and visitors. They achieve this by employing a dedicated team of 12 individuals, who work tirelessly to provide clean, green, and safe services. These services directly improve the living conditions in the area, contributing to a more attractive and welcoming downtown environment. Their initiatives are designed to boost the central business district and enrich the lives of the community. For further details, see Schedule O provided.
Official website here: www.downtownnewark.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Newark Downtown District Management Corporation has achieved a commendable rating of 81%, which reflects a solid performance in Accountability & Finance. This score indicates that the organization has established effective financial practices and governance structures, as evidenced by its perfect scores in areas like majority independent board members and financial oversight.
Strengths of the organization include a fully independent board and robust financial reporting practices, which contribute to transparency and strong accountability. Additionally, the organization has well-documented policies such as conflict of interest and whistleblower protections, reinforcing its commitment to ethical management and operational integrity.
While the overall score is positive, there may be room for improvement in other areas beyond Accountability & Finance that are not captured in the current rating. Stakeholders might look for more comprehensive performance metrics that assess the impact and effectiveness of the organization's programs in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Newark Downtown District Management Corporation legitimate?
Newark Downtown District Management Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newark Downtown District Management Corporation 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $261,802
Professional Fundraising Fees: $0
Other Salaries and Wages: $635,937
For more financial information, click here
Official website here: www.downtownnewark.com
What is the mission statement of Newark Downtown District Management Corporation?
The Newark Downtown District Management Corporation aims to revitalize a central business district, enhancing its economic viability and improving the quality of life for residents, workers, students, and visitors. The corporation's purpose is to revitalize the specified district, although further details can be found in Schedule O. Their efforts extend to providing clean, green, and safe services, directly improving the quality of life for local residents, commuters, and visitors, as outlined in Schedule O.
Official website here: www.downtownnewark.com
Who is the CEO of Newark Downtown District Management Corporation?
Anthony Mcmillan is the Chief Executive Officer of Newark Downtown District Management Corporation. The CEO's salary of Newark Downtown District Management Corporation is $247,884 and their total compensation is $261,802.
Official website here: www.downtownnewark.com
What is the revenue of Newark Downtown District Management Corporation?
Newark Downtown District Management Corporation's revenue in 2022 was $5,077,121.
Official website here: www.downtownnewark.com
Who are the executives of Newark Downtown District Management Corporation and what are their salaries?
The average compensation at Newark Downtown District Management Corporation during 2022 was $74,812. There are 12 employees and 18 volunteers at Newark Downtown District Management Corporation.
Here are 20 key members and their salaries (Newark Downtown District Management Corporation's CEO's salary is $247,884 and their total compensation is $261,802):
- Compensation: $247,884
- Related: $0
- Other: $13,918
- Compensation: $104,000
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- Other: $17,176
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Official website here: www.downtownnewark.com
Where can I find the form 990 for Newark Downtown District Management Corporation?
Newark Downtown District Management Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.downtownnewark.com
Learn more at the official website: www.downtownnewark.com
Mission Statement of Newark Downtown District Management Corporation
The Newark Downtown District Management Corporation is committed to revitalizing downtown areas by enhancing the economic viability of the central business district and improving the quality of life for residents, workers, students, and visitors. Their primary purpose, as outlined, is to revitalize downtown areas (specific details can be found in Schedule O). To achieve this, they employ a team of ambassadors who work tirelessly to provide clean, green, and safe services, directly improving the quality of life for residents, commuters, and visitors. These services contribute to a more attractive and enjoyable downtown environment, ultimately benefiting the entire community.
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Impact
October, 2024
The Newark Downtown District Management Corporation plays a vital role in revitalizing downtown Newark by enhancing the economic viability of the central business district and improving the overall quality of life for residents, workers, students, and visitors. Through initiatives such as the Clean Team, the organization employs NDD ambassadors who contribute to the cleanliness, safety, and aesthetic appeal of the area. Their efforts ensure that downtown Newark remains a welcoming environment, fostering a sense of community and encouraging foot traffic that benefits local businesses. By focusing on these key areas, the Corporation significantly impacts the vitality and livability of downtown Newark, thus driving community improvement and economic growth.
This information is meant to be a general summary of Newark Downtown District Management Corporation. 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: -$9,640
- Program Service Revenue: $5,086,761
- Gross Receipts: $5,135,795
Assets and Liabilities:
- Total Assets: $7,750,959
- Total Liabilities: $7,771,386
- Net Assets: -$20,427
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TAX ASSESSMENTS
Revenue
$5,071,250
FEE FOR SERVICES
Revenue
$15,511
Organization Details
Founding Year
1998
Phone
(973) 622-2002Principal Officer
Anthony Mcmillan
Main Address
60 Park Place, Newark, NJ, 07102
Website
www.downtownnewark.comNTEE Category
Code: S31 - Community improvement
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