Downtown New Jersey Inc
Nonprofit profile at a glance
- EIN
- 222922751
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990-EZ 2024
- Location
- Jersey City, NJ, USA
- Phone
- 2014720356
- Rating
- 62
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $51,907
- Expenses
- $55,915
- Assets
- $20,490
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- VANESSA QUIJANO (PRESIDENT)
- ROBERT ZUCKERMAN (VICE PRESIDENT)
- THOMAS STOWE (VICE PRESIDENT)
- MICHELLE RICHARDSON (VICE PRESIDENT)
People named in this filing
- VANESSA QUIJANO (PRESIDENT)
- ROBERT ZUCKERMAN (VICE PRESIDENT)
- THOMAS STOWE (VICE PRESIDENT)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Downtown New Jersey acts as an advocate for downtown commercial districts in New Jersey.
What it reported doing in 2024
Annual programs that-provide information and educational opportunities for professional downtown and commercial district revitalization organizations;-recognize the best efforts of these organizations;-track judicial and legislative issues that can affect the success of New Jersey's downtown commercial districts;-provide opportunities to foster communication among the business, government and professional communities concerned with the well-being of downtown and commercial districts;-inform and educate membership on legislative issues involving downtowns and commercial business districts.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 48
- Transparency & Controls: 82
- Sustainability: 37
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 48.7%; rating input score 49
- Program expense ratio: 45.2%; rating input score 45
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -7.7%; rating input score 33; 33rd percentile among comparable filings
- Total-asset coverage ratio: 0.37; rating input score 24; 24th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -0.8% per year; rating input score 0; 46th percentile among comparable filings
- Revenue growth: 6.3% per year; rating input score 100; 74th percentile among comparable filings
- Asset growth: 7% per year; rating input score 100; 64th percentile among comparable filings
Details
- Where the money goes: 48.7% of revenue deployed · 45.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $25K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 49/100.
- Moderate — Financial Efficiency: Program expense ratio scored 45/100.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 33/100.
- High — Sustainability: Total-asset coverage ratio scored 24/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.