Program areas at Paterson Restoration Corporation
The great falls historic district- title ix fund- was established in 1984 by city council resolution. The city of Paterson drew down the balance of funds available to it according to the city's grant agreement with the useda. The funds were transferred to the prc and are to be encumbered for use only in the great falls historic district.
Uez project program - this program facilitates the funding of many uez state approved projects. The funds are held in a restricted bank account to be used for payment to vendors in connection with an approved project and supporting documentation.
Industrial relocation expenses incurred for promotion and research to attract more business enterprises to relocate to the city of Paterson, underwriting costs to provide loans to businesses.
Development of low and middle income housing and neighborhood preservation program activities within the city of paterson.the great falls historic district - title ix fund - was established in 1984 by city council resolution. The city of Paterson drew down the balance of funds available to it according to the city's grant agreement with the useda. The funds were transferred to the prc and are to be encumbered for use only in the great falls historic district. This year the expenditures for the program amounted to zero.
Personnel at Paterson Restoration Corporation
| Name | Title | Compensation | Date of data |
|---|
| Michael Powell | Executive Director | $0 | 2023-05-31 |
| Orlando Cruz | Board Chairman | $0 | 2024-04-15 |
| Jeffrey Levine | Secretary | $0 | 2023-05-31 |
| Matthew Evans | Vice Chairman | $0 | 2023-05-31 |
| Harvey Nutter | Treasurer | $0 | 2023-05-31 |
| ...and 1 more key personnel |
Financials for Paterson Restoration Corporation
| Revenues | FYE 05/2023 | FYE 05/2022 | % Change |
|---|
| Total grants, contributions, etc. | $75,613 | $58,438 | 29.4% |
| Program services | $8,574 | $17,119 | -49.9% |
| Investment income and dividends | $42,155 | $25,362 | 66.2% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $39,390 | $0 | 999% |
| Total revenues | $165,732 | $100,919 | 64.2% |
Organizations like Paterson Restoration Corporation
| Organization | Type | Location | Revenue |
|---|
| Hanover Economic Development Corporation | 501(c)(3) | Hanover, PA | $292,167 |
| Hillsboro Economic Development Corporation | 501(c)(3) | Hillsboro, ND | $269,380 |
| Wayne County Development Alliance | 501(c)(3) | Goldsboro, NC | $515,559 |
| Fairborn Development Corporation | 501(c)(3) | Fairborn, OH | $359,875 |
| Market Vanburen | 501(c)(3) | Benton Harbor, MI | $420,977 |
| Philadelphia Community Development Coalition | 501(c)(3) | Philadelphia, PA | $534,567 |
| Region XII Development Corporation | 501(c)(3) | Carroll, IA | $396,923 |
| Downtown Chambersburg | 501(c)(3) | Chambersburg, PA | $171,379 |
| Elizabeth City Downtown Inc A Revitalization Corporation | 501(c)(3) | Elizabeth City, NC | $156,487 |
| High Plains Community Development Corporation | 501(c)(3) | Clovis, NM | $340,730 |
Data update history
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 16, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 14, 2023
Updated personnel
Identified 1 new personnel
August 18, 2021
Posted financials
Added Form 990 for fiscal year 2020
August 17, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingTax deductible donationsNo full-time employees
General information
- Address
- 125 Ellison St
- Paterson, NJ 07505
- Metro area
- New York-Newark-Jersey City, NY-NJ-PA
- County
- Passaic County, NJ
- Website URL
- patersonnj.gov/department/board.php?structureid=49Â
- Phone
- (973) 321-1220
IRS details
- EIN
- 22-2188180
- Fiscal year end
- May
- Taxreturn type
- Form 990
- Year formed
- 1977
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S31: Urban, Community Economic Development
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Independent
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