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.
Public Charity
Newark Downtown District Management Corporation
Newark Downtown District Management Corporation is a nonprofit organization categorized as Public Charity based in Newark, NJ. Its most recent IRS filing (2024) reports revenue of $8.5M, expenses of $6.9M, total assets of $11.2M.
EIN: 223646316
Newark, NJ
Urban & Community Economic Development
NTEE: S31
Latest filing: 2024
Total Revenue$8.5M
Total Expenses$6.9M
Total Assets$11.2M
Grant Records0
Filing Years2020–2024
Where $100 goes at Newark Downtown District Management Corporation
How Newark Downtown District Management Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$76
Programs
the work itself
$24
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 $76 for programs
$50
Clean team
$20
Ambassadors
$6
Downtown marketing
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
BOARD MEMBER (thru 6/11/2024)
Amber Randolph
CHIEF EXECUTIVE OFFICER
Anthony Mcmillan
Board Chair (thru 10/3/2024)
Cristina Cruz
BOARD MEMBER
Darryl Walker
BOARD MEMBER
Dawn M Spango
BOARD MEMBER (09/23/2024)
Honorable Lamonica Mciver
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $8.5M | $6.9M | $11.2M |
| 2023 | $8.5M | $6.6M | $10.3M |
| 2022 | $5.1M | $5.1M | $7.8M |
| 2021 | $5.2M | $5.2M | $7.2M |
| 2020 | $5.1M | $4.7M | $8.0M |
Between 2020 and 2024, reported annual revenue grew from $5.1M to $8.5M (+67%), with total assets most recently reported at $11.2M.
Interactive year-over-year charts and full filing details available with membership.