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Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$2.9M
Program Spending
82%
of total expenses go to program services
Total Contributions
$2.6M
Total Expenses
▼$1.6M
Total Assets
$7.1M
Total Liabilities
▼$1.6M
Net Assets
$5.5M
Officer Compensation
→$229.6K
Other Salaries
$444.9K
Investment Income
$21.5K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$1.5M
Awards Found
7
| Awarding Agency | Description | Amount | Fiscal Year | Period |
|---|---|---|---|---|
| Department of the Treasury | PURPOSE: TO PROVIDE GRANTS TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) FOR THE FOLLOWING PURPOSES 1) TO EXPAND LENDING, GRANT MAKING AND INVESTMENT ACTIVITIES IN LOW OR MODERATE INCOME COMMUNITIES AND TO BORROWERS THAT HAVE HISTORICALLY EXPERIENCED SIGNIFICANT UNMET CAPITAL AND FINANCIAL SERVICES NEEDS AND WERE DISPROPORTIONATELY IMPACTED BY THE COVID 19 PANDEMIC; AND 2) TO ENABLE CDFIS TO BUILD ORGANIZATIONAL CAPACITY AND ACQUIRE TECHNOLOGY, STAFF, AND OTHER TOOLS NECESSARY TO ACCOMPLISH THE ACTIVITIES UNDER A CDFI ERP AWARD. PLANNED ACTIVITIES: ELIGIBLE ACTIVITIES INCLUDE FINANCIAL PRODUCTS, FINANCIAL SERVICES, DEVELOPMENT SERVICES, GRANTS, LOAN LOSS RESERVES AND CAPITAL RESERVES THAT MAY BE USED TO MITIGATE THE IMPACT OF THE COVID 19 PANDEMIC ON UNEMPLOYMENT, CHILDCARE, HEALTHCARE, MENTAL HEALTHCARE, AFFORDABLE HOUSING, AFFORDABLE HOUSING FINANCE, SMALL BUSINESS, SMALL FARMS, BROADBAND INTERNET, AND FOOD SUFFICIENCY. IN ADDITION, TO SUPPORT CDFIS IN BUILDING THEIR CAPACITY TO RESPOND TO THE ECONOMIC IMPACT OF COVID 19, CDFI ERP AWARDS MAY BE USED FOR COMPENSATION PERSONAL SERVICES; COMPENSATION FRINGE BENEFITS; PROFESSIONAL SERVICE COSTS; TRAVEL COSTS; TRAINING AND EDUCATION COSTS; EQUIPMENT; SUPPLIES. END GOALS: EXPANDED FINANCING FOR LOW TO MODERATE INCOME COMMUNITIES AND INDIVIDUALS THAT HAVE HISTORICALLY EXPERIENCED SIGNIFICANT UNMET CAPITAL AND FINANCIAL SERVICES NEEDS AND WERE DISPROPORTIONATELY IMPACTED BY THE COVID 19 PANDEMIC INCLUDING SPECIFIC DESIGNATED COVID IMPACTED CDFI ERP ELIGIBLE GEOGRAPHIES AS AREAS THAT MAY BENEFIT FROM CDFI ERP ASSISTANCE. BENEFICIARIES: CERTIFIED CDFIS WHICH MAY BE FOR PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, AND OTHER PRIVATE INSTITUTION/ORGANIZATION, AS DEFINED IN 12 C.F.R. 1805, AND LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: SPECIFIC ACTIVITIES RELATING TO BROADBAND USAGE ARE NOT KNOWN AT THE TIME OF AWARD. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE. | $500K | FY2023 | Apr 2023 – Dec 2028 |
| Department of the Treasury | FINANCIAL ASSISTANCE AWARD | $500K | — | — – — |
| Department of the Treasury | CDFI RAPID RESPONSE PROGRAM AWARD | $200K | FY2021 | Jun 2021 – Dec 2023 |
| Department of the Treasury | TECHNICAL ASSISTANCE AWARD | $125K | — | — – — |
| Small Business Administration | PRIME AWARD | $100K | FY2015 | Sep 2015 – Sep 2016 |
| Department of the Treasury | TECHNICAL ASSISTANCE AWARD | $98.3K | — | — – — |
| Corporation for National and Community Service | EXECUTIVE SUMMARY PLEASE PROVIDE A ONE-PARAGRAPH SUMMARY (4?6 SENTENCES) OF YOUR PROPOSED VISTA PROJECT THAT INCLUDES THE FOLLOWING: *A DESCRIPTION OF YOUR ORGANIZATION?S MISSION *THE CNCS PROGRAMMING PRIORITY AREA THAT YOUR PROJECT ALIGNS WITH *A DESCRIPTION OF THE PROPOSED PROJECT GOAL(S), INCLUDING WHO WILL BENEFIT FROM THE PROJECT. *THE NUMBER OF VISTAS AND LEADERS (IF APPLICABLE) YOU ARE REQUESTING AND AN OVERVIEW OF THE MAJOR ACTIVITIES THEY WILL PERFORM *THE ESTIMATED TIME REQUIRED TO COMPLETE THE PROJECT THE GREATER NEWARK ENTERPRISES CORPORATION (GNEC) IS BOTH A 501(C)(3) AND CERTIFIED CDFI MICROENTERPRISE DEVELOPMENT ORGANIZATION WITH A PROVEN RECORD OF DELIVERING CAPITAL AND MICROENTERPRISE SERVICES TO DISADVANTAGED MICROENTREPRENEURS IN THE NORTHERN NEW JERSEY AREAS OF ESSEX, HUDSON, PASSAIC, BERGEN, MIDDLESEX, UNION AND MONMOUTH COUNTIES OF NEW JERSEY. THE URBAN ECONOMIC DEVELOPMENT PROJECT ALLINGS WITH THE ECONOMIC OPPORTUNITY PRIORITIES OF CNCS. THE UEDP WILL SEEK TO ASSIST OVER 500 UNIQUE INDIVIDUALS SECURE SUSTAINABLE INCOMES THROUGH THE CREATION AND EXPANSIONS OF SMALL BUSINESSES. THE TWO AMERICORP VISTA VOLUNTEERS WILL ASSIST CLIENTS BY PROVIDING SMALL BUSINESS AND FINANCIAL TECHNICAL ASSISTANCE OVER THE COURSE OF THREE YEARS. | $0 | FY2019 | Mar 2019 – Apr 2020 |
Department of the Treasury
$500K
PURPOSE: TO PROVIDE GRANTS TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) FOR THE FOLLOWING PURPOSES 1) TO EXPAND LENDING, GRANT MAKING AND INVESTMENT ACTIVITIES IN LOW OR MODERATE INCOME COMMUNITIES AND TO BORROWERS THAT HAVE HISTORICALLY EXPERIENCED SIGNIFICANT UNMET CAPITAL AND FINANCIAL SERVICES NEEDS AND WERE DISPROPORTIONATELY IMPACTED BY THE COVID 19 PANDEMIC; AND 2) TO ENABLE CDFIS TO BUILD ORGANIZATIONAL CAPACITY AND ACQUIRE TECHNOLOGY, STAFF, AND OTHER TOOLS NECESSARY TO ACCOMPLISH THE ACTIVITIES UNDER A CDFI ERP AWARD. PLANNED ACTIVITIES: ELIGIBLE ACTIVITIES INCLUDE FINANCIAL PRODUCTS, FINANCIAL SERVICES, DEVELOPMENT SERVICES, GRANTS, LOAN LOSS RESERVES AND CAPITAL RESERVES THAT MAY BE USED TO MITIGATE THE IMPACT OF THE COVID 19 PANDEMIC ON UNEMPLOYMENT, CHILDCARE, HEALTHCARE, MENTAL HEALTHCARE, AFFORDABLE HOUSING, AFFORDABLE HOUSING FINANCE, SMALL BUSINESS, SMALL FARMS, BROADBAND INTERNET, AND FOOD SUFFICIENCY. IN ADDITION, TO SUPPORT CDFIS IN BUILDING THEIR CAPACITY TO RESPOND TO THE ECONOMIC IMPACT OF COVID 19, CDFI ERP AWARDS MAY BE USED FOR COMPENSATION PERSONAL SERVICES; COMPENSATION FRINGE BENEFITS; PROFESSIONAL SERVICE COSTS; TRAVEL COSTS; TRAINING AND EDUCATION COSTS; EQUIPMENT; SUPPLIES. END GOALS: EXPANDED FINANCING FOR LOW TO MODERATE INCOME COMMUNITIES AND INDIVIDUALS THAT HAVE HISTORICALLY EXPERIENCED SIGNIFICANT UNMET CAPITAL AND FINANCIAL SERVICES NEEDS AND WERE DISPROPORTIONATELY IMPACTED BY THE COVID 19 PANDEMIC INCLUDING SPECIFIC DESIGNATED COVID IMPACTED CDFI ERP ELIGIBLE GEOGRAPHIES AS AREAS THAT MAY BENEFIT FROM CDFI ERP ASSISTANCE. BENEFICIARIES: CERTIFIED CDFIS WHICH MAY BE FOR PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, AND OTHER PRIVATE INSTITUTION/ORGANIZATION, AS DEFINED IN 12 C.F.R. 1805, AND LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: SPECIFIC ACTIVITIES RELATING TO BROADBAND USAGE ARE NOT KNOWN AT THE TIME OF AWARD. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.
Department of the Treasury
$500K
FINANCIAL ASSISTANCE AWARD
Department of the Treasury
$200K
CDFI RAPID RESPONSE PROGRAM AWARD
Department of the Treasury
$125K
TECHNICAL ASSISTANCE AWARD
Small Business Administration
$100K
PRIME AWARD
Department of the Treasury
$98.3K
TECHNICAL ASSISTANCE AWARD
Corporation for National and Community Service
$0
EXECUTIVE SUMMARY PLEASE PROVIDE A ONE-PARAGRAPH SUMMARY (4?6 SENTENCES) OF YOUR PROPOSED VISTA PROJECT THAT INCLUDES THE FOLLOWING: *A DESCRIPTION OF YOUR ORGANIZATION?S MISSION *THE CNCS PROGRAMMING PRIORITY AREA THAT YOUR PROJECT ALIGNS WITH *A DESCRIPTION OF THE PROPOSED PROJECT GOAL(S), INCLUDING WHO WILL BENEFIT FROM THE PROJECT. *THE NUMBER OF VISTAS AND LEADERS (IF APPLICABLE) YOU ARE REQUESTING AND AN OVERVIEW OF THE MAJOR ACTIVITIES THEY WILL PERFORM *THE ESTIMATED TIME REQUIRED TO COMPLETE THE PROJECT THE GREATER NEWARK ENTERPRISES CORPORATION (GNEC) IS BOTH A 501(C)(3) AND CERTIFIED CDFI MICROENTERPRISE DEVELOPMENT ORGANIZATION WITH A PROVEN RECORD OF DELIVERING CAPITAL AND MICROENTERPRISE SERVICES TO DISADVANTAGED MICROENTREPRENEURS IN THE NORTHERN NEW JERSEY AREAS OF ESSEX, HUDSON, PASSAIC, BERGEN, MIDDLESEX, UNION AND MONMOUTH COUNTIES OF NEW JERSEY. THE URBAN ECONOMIC DEVELOPMENT PROJECT ALLINGS WITH THE ECONOMIC OPPORTUNITY PRIORITIES OF CNCS. THE UEDP WILL SEEK TO ASSIST OVER 500 UNIQUE INDIVIDUALS SECURE SUSTAINABLE INCOMES THROUGH THE CREATION AND EXPANSIONS OF SMALL BUSINESSES. THE TWO AMERICORP VISTA VOLUNTEERS WILL ASSIST CLIENTS BY PROVIDING SMALL BUSINESS AND FINANCIAL TECHNICAL ASSISTANCE OVER THE COURSE OF THREE YEARS.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $2.9M | $2.6M | $1.6M | $7.1M | $5.5M |
| 2023 | $1.6M | $1.5M | $1.8M | $5.1M | $4.2M |
| 2022 | $2.3M | $2.2M | $1.4M | $5.1M | $4.4M |
| 2021 | $2.9M | $2.7M | $856.7K |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| John Suwatson | Secretary | 0.2 | $0 | $0 | $0 | $0 |
| Judith Sheft | Chairman | 1 | $0 | $0 | $0 | $0 |
| Avi Telyas | Treasurer | 0.2 | $0 | $0 | $0 | $0 |
John Suwatson
Secretary
$0
Hrs/Wk
0.2
Compensation
$0
Related Orgs
$0
Other
$0
Judith Sheft
Chairman
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Avi Telyas
Treasurer
$0
Hrs/Wk
0.2
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Amit Airen | Trustee | 0.2 | $0 | $0 | $0 | $0 |
| Carlton West | Trustee | 0.2 | $0 | $0 | $0 | $0 |
| Chris Murphy | Trustee | 0.2 | $0 | $0 | $0 | $0 |
| Dominick Belfore | Trustee | 0.2 | $0 | $0 | $0 | $0 |
| Glenn Carroll | Trustee | 0.2 | $0 | $0 | $0 | $0 |
| Gustavo Abreu | Trustee | 0.2 |
Amit Airen
Trustee
$0
Hrs/Wk
0.2
Compensation
$0
Related Orgs
$0
Other
$0
Carlton West
Trustee
$0
Hrs/Wk
0.2
Compensation
$0
Related Orgs
$0
Other
$0
Chris Murphy
Trustee
$0
Hrs/Wk
0.2
Compensation
$0
Related Orgs
$0
Other
$0
| $3.8M |
| $3.5M |
| 2020 | $1.6M | $1.5M | $637.3K | $1.9M | $1.5M |
| 2019 | $459.5K | $434.4K | $616K | $865.5K | $555.7K |
| 2018 | $816.7K | $588.1K | $613.3K | $1M | $712.1K |
| 2017 | $808.6K | $780.4K | $504.5K | $1.3M | $508.7K |
| 2016 | $560.5K | $536.5K | $549.1K | $1M | $204.6K |
| 2015 | $542.1K | $481.4K | $503.8K | $1.1M | $193.2K |
| 2014 | $537.4K | $483.7K | $591.3K | $1.1M | $154.9K |
| 2013 | $499.8K | $423.5K | $562.5K | $1M | $208.8K |
| 2012 | $645.3K | $526K | $572.6K | $1.1M | $271.5K |
| 2011 | $479.8K | $330.4K | $406.4K | $541.7K | $198.8K |
| 2021 | 990 | Data |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990-EZ | — |
| 2008 | 990-EZ | — |
| 2007 | 990 | — |
| $0 |
| $0 |
| $0 |
| $0 |
| Julian Ibanez | Trustee | 0.2 | $0 | $0 | $0 | $0 |
| Katerina Zacharia | Trustee | 0.2 | $0 | $0 | $0 | $0 |
| Ken Bland | Trustee | 0.2 | $0 | $0 | $0 | $0 |
| Tamara Mangum | Trustee | 0.2 | $0 | $0 | $0 | $0 |
| Therone Hopkins | Trustee | 0.2 | $0 | $0 | $0 | $0 |
| Yane Arias | Trustee | 0.2 | $0 | $0 | $0 | $0 |
Dominick Belfore
Trustee
$0
Hrs/Wk
0.2
Compensation
$0
Related Orgs
$0
Other
$0
Glenn Carroll
Trustee
$0
Hrs/Wk
0.2
Compensation
$0
Related Orgs
$0
Other
$0
Gustavo Abreu
Trustee
$0
Hrs/Wk
0.2
Compensation
$0
Related Orgs
$0
Other
$0
Julian Ibanez
Trustee
$0
Hrs/Wk
0.2
Compensation
$0
Related Orgs
$0
Other
$0
Katerina Zacharia
Trustee
$0
Hrs/Wk
0.2
Compensation
$0
Related Orgs
$0
Other
$0
Ken Bland
Trustee
$0
Hrs/Wk
0.2
Compensation
$0
Related Orgs
$0
Other
$0
Tamara Mangum
Trustee
$0
Hrs/Wk
0.2
Compensation
$0
Related Orgs
$0
Other
$0
Therone Hopkins
Trustee
$0
Hrs/Wk
0.2
Compensation
$0
Related Orgs
$0
Other
$0
Yane Arias
Trustee
$0
Hrs/Wk
0.2
Compensation
$0
Related Orgs
$0
Other
$0