Nonprofit · EIN 22-2104766
NEW BRUNSWICK DEVELOPMENT CORPORATION
Tax-exempt · NEW BRUNSWICK, NJ 08901
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $10,107,020 | $6,917,922 | $3,189,098 | $994,478,932 | $953,111,767 | $41,367,165 |
| December 31, 2023 | 990-PF | $12,094,567 | $6,703,810 | $5,390,757 | $964,956,761 | $938,589,263 | $26,367,498 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $496,500
- Interest
- $829,721
- Other income
- $8,780,799
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,902,872
- Salaries, compensation and benefits (total)
- $1,083,659
- Disbursements for charitable purposes
- $6,874,912
Balance sheet and other
- Total assets, start of year
- $964,956,761
- Total assets, end of year
- $994,478,932
- Total liabilities, end of year
- $953,111,767
- Net assets, end of year
- $41,367,165
- Fair market value of assets
- $999,477,420
- Qualifying distributions
- $6,874,912
- Net investment income
- $829,721
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHRISTOPHER J PALADINO 120 Albany Street 7th Floor, New Brunswick, NJ 08901 | PRESIDENT | 0 | $699,707 | $128,166 |
| Sarah F Clarke 120 Albany Street 7th Floor, New Brunswick, NJ 08901 | EVP/Assistant Secretary | 0 | $510,538 | $104,962 |
| Merrisa A Buczny 120 Albany Street 7th Floor, New Brunswick, NJ 08901 | VP/Assistant Secretary | 0 | $458,745 | $109,546 |
| GLEN SOFO 120 Albany Street 7th Floor, New Brunswick, NJ 08901 | TREASURER | 0 | $233,882 | $66,233 |
| GARRET BILTZ 120 ALBANY STREET, NEW BRUNSWICK, NJ 08901 | SR. PROJECT MANAGER Highest-paid employee | 40 | $211,640 | $46,416 |
| ROBERT MCCULLEY 120 ALBANY STREET, NEW BRUNSWICK, NJ 08901 | SR. PROJECT MANAGER Highest-paid employee | 40 | $185,788 | $48,618 |
| JEAN HOLTZ 120 ALBANY STREET, NEW BRUNSWICK, NJ 08901 | SR. PROJECT MANAGER Highest-paid employee | 40 | $128,927 | $45,932 |
| NICOLE MAHON 120 ALBANY STREET, NEW BRUNSWICK, NJ 08901 | SR. PROJECT MANAGER Highest-paid employee | 40 | $103,616 | $14,239 |
| IRA S NOVAK esq 120 Albany Street 7th Floor, New Brunswick, NJ 08901 | DIRECTOR | 0 | $0 | $0 |
| GILBERT H BLITZ 120 Albany Street 7th Floor, New Brunswick, NJ 08901 | DIRECTOR | 0 | $0 | $0 |
| DENNIS MARCO 120 Albany Street 7th Floor, New Brunswick, NJ 08901 | DIRECTOR | 0 | $0 | $0 |
| VITO R NARDELLI 120 Albany Street 7th Floor, New Brunswick, NJ 08901 | VICE CHAIRPERSON | 0 | $0 | $0 |
| WILLIAM j QUINN 120 Albany Street 7th Floor, New Brunswick, NJ 08901 | DIRECTOR | 0 | $0 | $0 |
| DAVID G SCIARRA ESQ 120 Albany Street 7th Floor, New Brunswick, NJ 08901 | DIRECTOR | 0 | $0 | $0 |
| GEORGE R ZOFFINGER 120 Albany Street 7th Floor, New Brunswick, NJ 08901 | CHAIRMAN | 0 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMY MANSUE 120 Albany Street 7th Floor, New Brunswick, NJ 08901 | director | 0 | $0 |
| SERGIO IACOVITTI 120 Albany Street 7th Floor, New Brunswick, NJ 08901 | DIRECTOR | 0 | $0 |
| STANLEY M KOSIEROWSKI 120 Albany Street 7th Floor, New Brunswick, NJ 08901 | DIRECTOR | 0 | $0 |
990-PF for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHRISTOPHER J PALADINO 120 Albany Street 7th Floor, New Brunswick, NJ 08901 | PRESIDENT | 0 | $699,546 | $131,610 |
| Sarah F Clarke 120 Albany Street 7th Floor, New Brunswick, NJ 08901 | EVP/Assistant Secretary | 0 | $495,537 | $101,446 |
| Merissa A Buczny 120 Albany Street 7th Floor, New Brunswick, NJ 08901 | VP/Assistant Secretary | 0 | $458,704 | $104,098 |
| GLEN SOFO 120 Albany Street 7th Floor, New Brunswick, NJ 08901 | TREASURER | 0 | $229,044 | $60,607 |
| GARRETT BLITZ 120 ALBANY STREET, NEW BRUNSWICK, NJ 08901 | SR. PROJECT MANAGER Highest-paid employee | 40 | $196,255 | $34,790 |
| ROBERT MCCULLEY 120 ALBANY STREET, NEW BRUNSWICK, NJ 08901 | SR. PROJECT MANAGER Highest-paid employee | 40 | $185,789 | $46,104 |
| JEAN HOLTZ 120 ALBANY STREET, NEW BRUNSWICK, NJ 08901 | SR. PROJECT MANAGER Highest-paid employee | 40 | $131,419 | $42,038 |
| NICOLE MAHON 120 ALBANY STREET, NEW BRUNSWICK, NJ 08901 | SR. PROJECT MANAGER Highest-paid employee | 40 | $103,616 | $13,921 |
| ROBIN IANTOSCA 120 ALBANY STREET, NEW BRUNSWICK, NJ 08901 | SR. PROJECT MANAGER Highest-paid employee | 40 | $92,740 | $37,228 |
| IRA S NOVAK esq 120 Albany Street 7th Floor, New Brunswick, NJ 08901 | DIRECTOR | 0 | $0 | $0 |
| GILBERT H BLITZ 120 Albany Street 7th Floor, New Brunswick, NJ 08901 | DIRECTOR | 0 | $0 | $0 |
| DENNIS MARCO 120 Albany Street 7th Floor, New Brunswick, NJ 08901 | DIRECTOR | 0 | $0 | $0 |
| VITO R NARDELLI 120 Albany Street 7th Floor, New Brunswick, NJ 08901 | VICE CHAIRPERSON | 0 | $0 | $0 |
| WILLIAM j QUINN 120 Albany Street 7th Floor, New Brunswick, NJ 08901 | DIRECTOR | 0 | $0 | $0 |
| DAVID G SCIARRA ESQ 120 Albany Street 7th Floor, New Brunswick, NJ 08901 | DIRECTOR | 0 | $0 | $0 |
| GEORGE R ZOFFINGER 120 Albany Street 7th Floor, New Brunswick, NJ 08901 | CHAIRMAN | 0 | $0 | $0 |
| AMY MANSUE 120 Albany Street 7th Floor, New Brunswick, NJ 08901 | director | 0 | $0 | $0 |
| SERGIO IACOVITTI 120 Albany Street 7th Floor, New Brunswick, NJ 08901 | DIRECTOR | 0 | $0 | $0 |
| STANLEY M KOSIEROWSKI 120 Albany Street 7th Floor, New Brunswick, NJ 08901 | DIRECTOR | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 120 ALBANY ST PLAZA 8TH FLOOR, NEW BRUNSWICK, NJ 08901-2163
- In care of
- % GLEN SOFO
- Signed the 990-PF
- Christopher J Paladino, President
- Phone
- (732) 249-2220
- Website
- www.devco.org
- Return prepared by
- WithumSmithBrown PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 22-2104766
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $994,478,932
- Income (IRS master file)
- $10,107,020
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $10,107,020 | $6,917,922 | $994,478,932 | XML |
| 990-PF | December 2023 | $12,094,567 | $6,703,810 | $964,956,761 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2104766).
Questions about NEW BRUNSWICK DEVELOPMENT CORPORATION
- What is the EIN of NEW BRUNSWICK DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of NEW BRUNSWICK DEVELOPMENT CORPORATION is 22-2104766.
- Is NEW BRUNSWICK DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to NEW BRUNSWICK DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does NEW BRUNSWICK DEVELOPMENT CORPORATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of NEW BRUNSWICK DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW BRUNSWICK DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of NEW BRUNSWICK DEVELOPMENT CORPORATION?
- The 990-PF for the year ended December 31, 2024 lists 18 people; 8 received compensation from the organization, the highest $699,707 (CHRISTOPHER J PALADINO, PRESIDENT).
- How much revenue does NEW BRUNSWICK DEVELOPMENT CORPORATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $10,107,020, expenses of $6,917,922 and total assets of $994,478,932 at year end.
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