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Nonprofiteer
← NEWARK DEVELOPMENT PARTNERS

Form 990 for tax year 2022

Filed by NEWARK DEVELOPMENT PARTNERS.

Totals

Total revenue
$866,644
Total expenses
$715,760
Contributions and grants received
$554,390
Grants paid
$0
Program service revenue
$105,644
Investment income
$208,384
Other revenue
-$1,774
Total assets, end of year
$12,379,098
Total liabilities, end of year
$663,651
Net assets or fund balances, end of year
$11,715,447
Program services expenses (Part IX)
$343,413
Management and general expenses
$372,347
Fundraising expenses
$0
Program service expenses (Part III)
$343,413

Program services were 48.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $204,800

  • 1f · All other contributions, gifts and grants

    $349,590

  • 2a · Program service revenue: SPECIAL PROJECTS

    total $105,644 · related or exempt $105,644

  • 6a · Gross rents

    real property $285,888

  • 6b · Less rental expenses

    real property $296,608

  • 6c · Rental income or loss

    real property -$10,720

  • 6d · Net rental income or loss

    total -$10,720 · excluded -$10,720

  • 7a · Gross sales of assets other than inventory

    other assets $479,070

  • 7b · Less cost or other basis and sales expenses

    other assets $270,686

  • 7c · Gain or loss

    other assets $208,384

  • 7d · Net gain or loss

    total $208,384 · related or exempt $208,384

  • 11a · Other revenue: OTHER

    total $8,946 · related or exempt $8,946

  • 11e · Other revenue, total

    $8,946

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $143,688 · program services $143,688

  • 7 · Other salaries and wages

    total $24,580 · program services $24,580

  • 10 · Payroll taxes

    total $13,113 · program services $13,113

  • 11b · Fees: legal

    total $3,386 · program services $3,386

  • 11c · Fees: accounting

    total $15,653 · management and general $15,653

  • 13 · Office expenses

    total $3,796 · management and general $3,796

  • 20 · Interest

    total $238 · program services $238

  • 22 · Depreciation, depletion and amortization

    total $46,219 · program services $46,219

  • 23 · Insurance

    total $6,151 · program services $6,151

  • 24a · Other expenses: CANCELLED PLEDGE

    total $350,000 · management and general $350,000

  • 24b · Other expenses: SPECIAL PROJECTS

    total $100,951 · program services $100,951

  • 24c · Other expenses: MISCELLANEOUS

    total $5,795 · program services $2,897 · management and general $2,898

  • 24d · Other expenses: DUES

    total $2,190 · program services $2,190

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $746,957 · end of year $596,093

  • 3 · Pledges and grants receivable

    beginning of year $7,604,800 · end of year $6,608,600

  • 7 · Other notes and loans receivable

    end of year $599,858

  • 10a · Land, buildings and equipment: cost or other basis

    $3,781,693

  • 10b · Land, buildings and equipment: accumulated depreciation

    $212,972

  • 10c · Land, buildings and equipment, net

    beginning of year $3,223,155 · end of year $3,568,721

  • 13 · Investments: program-related

    beginning of year $0 · end of year $1,005,728

  • 15 · Other assets

    beginning of year $98 · end of year $98

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,920 · end of year $30,709

  • 23 · Secured mortgages and notes payable

    end of year $599,858

  • 25 · Other liabilities

    beginning of year $22,444 · end of year $33,084

  • 27 · Net assets without donor restrictions

    beginning of year $3,240,528 · end of year $4,574,449

  • 28 · Net assets with donor restrictions

    beginning of year $8,282,118 · end of year $7,140,998

Mission and programs · 2022

Mission

TO LESSEN THE BURDENS OF CITY GOVERNMENT AND TO ALLEVIATE POVERTY IN THE LOCAL AREA BY INCENTIVIZING INVESTMENTS IN THE CITY OF NEWARK, OHIO, IN ORDER TO PROMOTE AND SUSTAIN ECONOMIC DEVELOPMENT, CREATE JOBS AND FURTHER IMPROVE THE BUSINESS, INDUSTRIAL AND RESIDENTIAL LIVING AREAS OF THE CITY.

  • ENCOURAGE ECONOMIC DEVELOPMENT IN THE CITY OF NEWARK.

    Expenses $343,413 · Revenue $322,974

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DANIEL DELAWDER

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    10

  • BRIAN MOREHEAD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID RHODES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NOBLE SNOW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARY ALBRIGHT

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • STEVE LAYMAN

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • WILLIAM SPURGEON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER MCCDONALD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VERONICA PATTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FRED ERNEST

    EXECUTIVE DIRECTOR

    Total calculated
    $143,688
    From this org
    $143,688
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • CHERI HOTTINGER

    TREASURER

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 4082 LTD

    INVESTMENT HOLDINGS · OH · income $0 · assets $0

    Directly controlled by NEWARK DEVELOPMENT PARTNERS

  • NDP-195 UNION LLC

    COMMERCIAL RENTALS · OH · income $273,781 · assets $951,501

    Directly controlled by NEWARK DEVELOPMENT PARTNERS

  • HISTORIC ARCADE LLC

    COMMERCIAL RENTALS · OH · income $5,100 · assets $9,030,800

    Directly controlled by NEWARK DEVELOPMENT PARTNERS

  • NDP - WEST CHURCH LLC

    REAL ESTATE HOLDINGS · OH · income $0 · assets $140,209

    Directly controlled by NEWARK DEVELOPMENT PARTNERS

  • NDP - HUDSON LLC

    REAL ESTATE HOLDINGS · OH · income $0 · assets $30,799

    Directly controlled by NEWARK DEVELOPMENT PARTNERS

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202323199349313607

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