Newark Downtown District Management Corporation

EIN: 223646316 501(c)(3) Community Improvement

Newark, NJ

Total Revenue
$8,531,221
Total Expenses
$6,908,194
Total Assets
$11,231,136
Net Assets
$3,593,472
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NJ
Principal Officer
Evan Weiss
Phone
9736222002
Tax Period
2024-01-01 to 2024-12-31

Newark Downtown District Management Corporation, founded in 1998, is a community nonprofit in the Community Improvement sector that reported $8.5M in total revenue in fiscal year 2024. The organization ran a surplus of $1.6M, a strong 19% operating margin.

Mission

The corporation's purpose is to revitalize downtown Newark by improving the economic viability of the central business district and enhance the quality of life for residents, workers, students and visitors.

Program Service Accomplishments

Program 1
Expenses: $3,245,226 Revenue: $5,001,212

CLEAN TEAM - MEMBERS OF THE NEWARK DOWNTOWN DISTRICT GET TO WITNESS THE EXCEPTIONAL WORK OF OUR NDD AMBASSADORS. THEY WORK HARD TO PROVIDE THE CLEAN, GREEN, AND SAFE SERVICES THAT DIRECTLY IMPROVE...

Read more

CLEAN TEAM - MEMBERS OF THE NEWARK DOWNTOWN DISTRICT GET TO WITNESS THE EXCEPTIONAL WORK OF OUR NDD AMBASSADORS. THEY WORK HARD TO PROVIDE THE CLEAN, GREEN, AND SAFE SERVICES THAT DIRECTLY IMPROVE THE QUALITY OF LIFE FOR RESIDENTS, COMMUTERS AND VISITORS. NOW YOU CAN HIRE THE NDD AMBASSADORS AND RECEIVE THE SAME HIGH-QUALITY MAINTENANCE AND BEAUTIFICATION TO YOUR PROPERTY OR BUSINESS. -SNOW REMOVAL: PRE-TREATMENT AND POST-EVENT SERVICES TO REMOVE SNOW AND ICE FROM SIDEWALKS, DRIVEWAYS AND PARKING LOTS. -POWER WASHING/GRAFFITI REMOVAL: NDD AMBASSADORS CAN BRIGHTEN AND CLEAN YOUR PROPERTY WITH POWER WASHING AND OUT GRAFFITI REMOVAL REHABILITATION SYSTEM. -HORTICULTURE AND LANDSCAPE MAINTENANCE: GREEN UP! LET NDD AMBASSADORS ADD AND MAINTAIN PLANTERS AND HANGING BASKETS TO YOUR PROPERTY. WE OFFER FULL-SERVICE MAINTENANCE TO INCLUDE GRASS CUTTING, WEEDING, AND LEAF REMOVAL. -EVENT SUPPORT: NDD AMBASSADORS CAN PROVIDE CLEANING SERVICES DURING AND AFTER YOUR EVENT. WE ALSO CAN ACT AS WELCOME HOSTS, HOSPITALITY AND CROWD CONTROL. -PARKLETS: LET US ADD TO YOUR SIDEWALK SPACE BY INSTALLING A PARKLET. THIS PEDESTRIAN OASIS COMES WITH A SEATING AREA AND DECORATIVE PLANTING. -SEASONAL OUTDOOR CAFE-STYLE SEATING SPACE: ADD THE AMENITY OF OUTDOOR SEATING TO YOUR SPACE. NDD AMBASSADORS SET UP, CLEAN AND BREAK DOWN THE BISTRO SETS ON YOUR SITE.

Program 2
Expenses: $1,342,428 Revenue: $2,064,353

AMBASSADORS - THE AMBASSADORS ARE THE HEART AND SOUL OF OUR ORGANIZATION. HIGHLY RECOGNIZABLE IN THEIR BRIGHT YELLOW AND BLACK UNIFORMS THEY ARE SPLIT UP INTO TEAMS WHICH ARE FUNDAMENTAL TO THE...

Read more

AMBASSADORS - THE AMBASSADORS ARE THE HEART AND SOUL OF OUR ORGANIZATION. HIGHLY RECOGNIZABLE IN THEIR BRIGHT YELLOW AND BLACK UNIFORMS THEY ARE SPLIT UP INTO TEAMS WHICH ARE FUNDAMENTAL TO THE UPKEEP AND MAINTENANCE OF THE DOWNTOWN. DURING OUR PEAK SEASON, THERE ARE UP TO 60 AMBASSADORS EMPLOYED BY NDD, MORE THAN 95% ARE NEWARK RESIDENTS. -THE CLEAN TEAM AMBASSADORS CLEAN EVERY BLOCK THE SPECIAL IMPROVEMENT DISTRICT BOUNDARIES SEVEN DAYS A WEEK. -THE QUALITY OF LIFE AMBASSADORS WORK WITH MEMBERS OF THE NEWARK POLICE DEPARTMENT AND ARE STATIONED AT OUR NEW COMMUNITY RESOURCE CENTER AT 60 PARK PLACE. THEY CANVAS OUR DISTRICT ON FOOT, BICYCLES AND SEGWAYS, TO IDENTIFY ISSUES THAT CAN POTENTIALLY NEGATIVELY AFFECT OUT BEAUTIFUL DOWNTOWN. QOL AMBASSADORS ALSO PROACTIVELY ASSIST INDIVIDUALS WITH WELCOMING, SMILING FACES, AND PROVIDE INFORMATION TO VISITORS. -SPECIAL PROJECT AMBASSADORS TACKLE PROJECTS THROUGHOUT THE DOWNTOWN THAT REQUIRES SPECIAL SKILLS SUCH AS GRAFFITI REMOVAL, PAINTING, AND POWER WASHING SIDEWALKS AND BUILDINGS. -THE HORTICULTURE AMBASSADORS, KNOWN AS THE "GREEN TEAM,A WELCOMING ENVIRONMENT IN DOWNTOWN NEWARK THROUGH BEAUTIFICATION. THEY INSTALL AND MAINTAIN THE THOUSANDS OF SEASONAL PLANTS AND FLOWERS THROUGHOUT THE DISTRICT AND MAINTAIN WASHINTGTON PARK AND DOANE TRIANGLE. THEY ALSO PROVIDE CONTRACTED HORTICULTURE SERVICES TO PRIVATE PROPERTIES. THIS ENSURES THAT OUR ENTIRE DOWNTOWN HAS A UNIFORM LOOK. HORTICULTURE SERVICES TO PRIVATE PROPERTIES. THIS ENSURES THAT OUR ENTIRE DOWNTOWN HAS A UNIFORM LOOK.

Program 3
Expenses: $381,384 Revenue: $586,483

DOWNTOWN MARKETING - THE DISTRICT'S MARKETING PROGRAM INTRODUCES PEOPLE TO AN INVIGORATED NEWARK. THE PROGRAM PROMOTES THE CITY'S DIVERSE ARTS AND CULTURAL OFFERINGS, ITS UNIQUE RESTAURANTS AND...

Read more

DOWNTOWN MARKETING - THE DISTRICT'S MARKETING PROGRAM INTRODUCES PEOPLE TO AN INVIGORATED NEWARK. THE PROGRAM PROMOTES THE CITY'S DIVERSE ARTS AND CULTURAL OFFERINGS, ITS UNIQUE RESTAURANTS AND INTERNATIONAL CHARACTER. MARKETING AT THE NEWARK DOWNTOWN DISTRICT IS TWOFOLD, PROMOTING OUR VARIOUS COMMUNITY EVENTS AS WELL AS PROMOTING OUR STAKEHOLDERS IN A NUMBER OF WAYS. BY CONNECTING WITH AS MANY BUSINESSES AS POSSIBLE IN NEWARK, THE NDD PUSHES OUT THE GOOD WORD ABOUT WHAT IS HAPPENING HERE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $8,375,066
Investment Income $154,422
Other Revenue $1,733
TOTAL REVENUE $8,531,221

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,169,632
Fundraising Expenses $0
Program Expenses $5,413,155
Other Expenses $5,738,562
TOTAL EXPENSES $6,908,194

Year-over-Year Comparison

2024 2023 Change
Revenue $8,531,221 $8,541,889 0.0%
Expenses $6,908,194 $6,551,017 +0.1%
Net Income $1,623,027 $1,990,872 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
12
Independent Members
12
Employees
18
Volunteers
12

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$356,489
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY MCMILLAN CHIEF EXECUTIVE OFFICER 40.0
Officer
$345,285 $11,204 $356,489
Susan E McKay DIRECTOR OF OPERATIONS 40.0
Highest
$120,522 $14,996 $135,518
Cristina Cruz Board Chair (thru 10/3/2024) 1.0
Officer Director
$0 $0 $0
Richard Dunn Vice-Chair 1.0
Officer Director
$0 $0 $0
Michael Bright SECRETARY (thru 12/30/2024) 1.0
Officer Director
$0 $0 $0
Roseann Smith BOARD MEMBER 1.0
Director
$0 $0 $0
Joseph Dabbah BOARD MEMBER 1.0
Director
$0 $0 $0
MICHAEL STEPHANI BOARD MEMBER 1.0
Director
$0 $0 $0
SAM CHAPIN BOARD MEMBER 1.0
Director
$0 $0 $0
Nicole Swan-Bennett BOARD MEMBER 1.0
Director
$0 $0 $0
LYNETTE LASHAWN BOARD MEMBER 1.0
Director
$0 $0 $0
Dawn M Spango BOARD MEMBER 1.0
Director
$0 $0 $0
DARRYL WALKER BOARD MEMBER 1.0
Director
$0 $0 $0
Tony Gibbons BOARD MEMBER 1.0
Director
$0 $0 $0
Paul Pereira BOARD MEMBER 1.0
Director
$0 $0 $0
Amber Randolph BOARD MEMBER (thru 6/11/2024) 1.0
Director
$0 $0 $0
Kimberly Holmes Esq BOARD MEMBER (thru 6/14/2024) 1.0
Director
$0 $0 $0
KYLEESHA WINGFIELD-HILL BOARD MEMBER 1.0
Director
$0 $0 $0
HONORABLE LAMONICA MCIVER BOARD MEMBER (09/23/2024) 1.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $8,531,221 $6,908,194 $11,231,136 $1,623,027
2023 $8,541,889 $6,551,017 $10,288,906 $1,990,872
2022 $5,077,121 $5,127,626 $7,750,959 $-50,505
2021 $5,205,083 $5,213,278 $7,203,712 $-8,195
2020 $5,094,718 $4,744,255 $7,986,101 $350,463
2019 $5,507,369 $5,095,309 $7,639,805 $412,060
2018 $5,121,367 $4,774,752 $7,301,099 $346,615
Explore More Nonprofits
Top 100 Nonprofits in New Jersey Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Newark Downtown District Management Corporation with other nonprofits in New Jersey and across the country.