Program areas at DEVCO
The New Brunswick Development Corporation (the "organization") was organized to further the Development of the city of New Brunswick and the state of New jersey, including the Development of residential and commercial real estate in a manner beneficial to the community.
To develop the city of New Brunswick and the state of nj including the Development of residential and commercial real estate in a manner beneficial to the community.
The organization undertakes community Development activities and projects on a scale as may be necessary, appropriate, or desireable to improve the social, cultural, institutional, and physical environment of the city of New Brunswick and other cities throughout the state of New jersey.
Personnel at DEVCO
| Name | Title | Compensation | Date of data |
|---|
| Christopher J. Paladino | President | $603,375 | 2024-09-21 |
| Daniel Davidow | Senior Project Manager | $166,133 | 2022-12-31 |
| Jean Holtz | Senior Project Manager / Development Assoc. / Vice President | $140,354 | 2022-12-31 |
| Nicole Mahon | Senior Project Manager | $93,136 | 2022-12-31 |
| Glen Sofo | Controller | $218,628 | 2024-09-21 |
| ...and 3 more key personnel |
Financials for DEVCO
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $495,419 | $935,467 | -47% |
| Investment income and dividends | $165,183 | $142,360 | 16% |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Gross sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $8,745,040 | $6,100,129 | 43.4% |
| Total revenues | $9,405,642 | $7,177,956 | 31% |
Organizations like DEVCO
| Organization | Type | Location | Revenue |
|---|
| The Myron Stratton Home | 501(c)(3) | Colorado Springs, CO | $19,177,026 |
| Developing Families Center | 501(c)(3) | Washington, DC | $7,880,553 |
| The Hutton Settlement | 501(c)(3) | Spokane, WA | $5,715,311 |
| Kellogg Programs | 501(c)(3) | Milwaukee, WI | $4,757,135 |
| Lathrop Home | 501(c)(3) | Northampton, MA | $2,721,408 |
| Petersburg Home for Ladies | 501(c)(3) | Petersburg, VA | $2,759,449 |
| Josiah Willard Hayden Recreation Center | 501(c)(3) | Lexington, MA | $4,881,589 |
| Winchester Mount Vernon House (WMVH) | 501(c)(3) | Winchester, MA | $2,889,371 |
| Taylor Community | 501(c)(3) | Laconia, NH | $22,968,987 |
| Gold Crest Retirement Center | 501(c)(3) | Adams, NE | $5,417,881 |
Data update history
January 18, 2024
Posted financials
Added Form 990PF for fiscal year 2022
January 16, 2024
Updated personnel
Identified 3 new personnel
December 28, 2023
Used new vendors
Identified 2 new vendors, including , and
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
July 8, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Private foundationsPrivate operating foundationsCharities
Issues
Human servicesCommunity improvement
Characteristics
Partially liquidatedState / local levelTax deductible donationsNo full-time employeesAccepts online donations
General information
- Address
- 120 Albany St 7th Floor
- New Brunswick, NJ 08901
- Metro area
- New York-Newark-Jersey City, NY-NJ-PA
- County
- Middlesex County, NJ
- Website URL
- devco.org/
- Phone
- (732) 249-2220
- Facebook page
- NBDEVCO
- Twitter profile
- @nbdevco
IRS details
- EIN
- 22-2104766
- Fiscal year end
- December
- Taxreturn type
- Form 990-PF
- Year formed
- 1976
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- T20: Private Foundations
- NAICS code, primary
- 813211: Grantmaking Foundations
- Parent/child status
- Independent
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