Public Charity

TOMS RIVER BUSINESS DEVELOPMENT CORPORATION

Based in TOMS RIVER, NJ, TOMS RIVER BUSINESS DEVELOPMENT CORPORATION operates as a Public Charity. The organization reported $411K in revenue, $418K in expenses, $724K in total assets for fiscal year 2024.

EIN: 061667411 TOMS RIVER, NJ Community & Neighborhood Development NTEE: S20 Latest filing: 2024
Total Revenue$411K
Total Expenses$418K
Total Assets$724K
Grant Records0
Filing Years2020–2024

Mission

THE ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES ARE TO ENHANCE THE ECONOMIC VIABILITY OF THE DOWNTOWN TOMS RIVER BUSINESS DISTRICT. THE ORGANIZATION WAS ESTABLISHED BY A SUPPLEMENT TO THE :CODE OF THE TOWNSHIP OF TOMS RIVER" ADDING CHAPTER 440, SPECIAL IMPROVEMENT DISTRICT DESIGNATED AND DISTRICT MANAGEMENT CORPORATION ESTABLISHED.

Where $100 goes at Toms River Business Development Corporation

How Toms River Business Development Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$70 Programs the work itself
$30 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $70 for programs

$70
The organization performs marketing, public relations, buiness assistance and promotion of the Toms River business improvement district
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Alice Marin
DIRECTOR Anthony Palmucci
DIRECTOR Daniele Szczypinski
DIRECTOR Daniel Rodrick
DIRECTOR Dean Gresek
DIRECTOR Jimmy Capone

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $411K $418K $724K
2023 $425K $468K $762K
2022 $438K $463K $813K
2021 $542K $445K $861K
2020 $344K $392K $713K

Between 2020 and 2024, reported annual revenue grew from $344K to $411K (+19%), with total assets most recently reported at $724K.

Interactive year-over-year charts and full filing details available with membership.

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