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Nonprofiteer
← RIVERFRONT PLAZA GARAGE MANAGEMENT CORPORATION

Form 990 for tax year 2024

Filed by RIVERFRONT PLAZA GARAGE MANAGEMENT CORPORATION.

Totals

Total revenue
$501,330
Total expenses
$945,856
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$494,377
Investment income
$6,953
Other revenue
$0
Total assets, end of year
$4,405,772
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,405,772
Program services expenses (Part IX)
$945,000
Management and general expenses
$856
Fundraising expenses
$0
Program service expenses (Part III)
$945,000

Program services were 99.9% 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.

  • 2a · Program service revenue: PARKING FEES

    total $494,377 · related or exempt $494,377

  • 3 · Investment income

    total $6,953 · excluded $6,953

Functional expenses

Part IX, the statement of functional expenses.

  • 21 · Payments to affiliates

    total $945,000 · program services $945,000

  • 24a · Other expenses: BANK CHARGES

    total $856 · management and general $856

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $250,926 · end of year $5,071

  • 2 · Savings and temporary cash investments

    beginning of year $2,119 · end of year $2,119

  • 7 · Other notes and loans receivable

    beginning of year $1,476,168 · end of year $1,383,120

  • 12 · Investments: other securities

    beginning of year $3,121,085 · end of year $3,015,462

  • 27 · Net assets without donor restrictions

    beginning of year $4,850,298 · end of year $4,405,772

Mission and programs · 2024

Mission

TO ASSIST IN THE DEVELOPMENT OF PROJECTS AND OTHER ACTIVITIES FOR THE IMPROVEMENT AND REDEVELOPMENT OF NEW JERSEY.

Activities or mission (Part I)

TO SUPPORT REDEVELOPMENT PROJECTS IN NEW JERSEY.

  • REDEVELOPMENT PROJECT SUPPORT

    Expenses $945,000 · Revenue $494,377

As filed on the 2024 return.

Listed in Part VII

  • Alfred Faiella

    PRESIDENT

    Total calculated
    $195,425
    From this org
    $0
    From related orgs
    $178,000
    Other
    $17,425
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $178,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $17,425 related
    Nontaxable benefits
    $0 + $12,089 related
    Filer's total
    $0 + $207,514 related

  • William Eaton

    V. PRESIDENT

    Total calculated
    $18,169
    From this org
    $0
    From related orgs
    $18,169
    Other
    $0
    Hours/week
    1 + 2 related

  • Warren J King Jr

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
12 March 2026
IRS schema version
2024v5.5
Source object
202620769349301852

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