TOMS RIVER BUSINESS DEVELOPMENT CORPORATION Charity Report

Public IRS 990 nonprofit record

TOMS RIVER BUSINESS DEVELOPMENT CORPORATION

EIN 06-1667411 · Community & Neighborhood Development (S20)

What they do

THE ORGANIZATIONS 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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $70.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders19 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

71.82%of revenue went to mission work70.7% of expenses · Program services

$101.59spent for every $100 of revenueSpending was higher than revenue this year.

29.77%of revenue went to management and office costs29.3% of expenses

$1.73in assets for every $1 spent this yearSome assets cannot be spent right away.

5.9%of its money came from giftsOther money may come from services or investments.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $6,547 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$411,246

Mission workProgram services$295,36671.82% of revenue70.7% of expenses

ManagementOffice and general costs$122,42729.77% of revenue29.3% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$417,793101.59% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 70.7% mission · 29.3% management · 0.0% fundraisingTotal expenses: 101.59% of revenue

2023Expense mix: 69.9% mission · 30.1% management · 0.0% fundraisingTotal expenses: 110.28% of revenue

2022Expense mix: 70.9% mission · 29.1% management · 0.0% fundraisingTotal expenses: 105.69% of revenue

2021Expense mix: 70.2% mission · 29.8% management · 0.0% fundraisingTotal expenses: 82.24% of revenue

2020Expense mix: 71.0% mission · 29.0% management · 0.0% fundraisingTotal expenses: 113.75% of revenue

2019Expense mix: 72.9% mission · 27.1% management · 0.0% fundraisingTotal expenses: 92.95% of revenue

2017Expense mix: 68.2% mission · 31.8% management · 0.0% fundraisingTotal expenses: 95.15% of revenue

2016Expense mix: 67.1% mission · 32.9% management · 0.0% fundraisingTotal expenses: 91.59% of revenue

Money in and money out

Revenue$411,246

Expenses$417,793

Annual shortfall $6,547 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$295,366 · 70.7% of expenses

Management and office costs$122,427 · 29.3% of expenses

See all reported dollar amounts

Revenue$411,246

Expenses$417,793

Assets$723,980

Income$411,246

Contributions$24,250

Mission work (program services)$295,366

Management and general$122,427

Accounting fees$7,203

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (19)

MARINA PAPINIKOLASDIRECTOR

WILLIAM BEININGVICE CHAIRMA

SUE QUINNDIRECTOR

SANDRA LAZZARODIRECTOR

ROBERT SHEACHAIRMAN

PAM PINEROWNER DIRECT

MJ FERNANDEZEXECUTIVE DI

MIKE LITTLEOWNER DIRECT

MICHAEL HOVANCECORRESPONDIN

MATTHEW LOTANODIRECTOR

ALICE MARINDIRECTOR

LISA CIFARETTODIRECTOR

LEE PELTONTREASURER

JOHN BROWNDIRECTOR

JIMMY CAPONEDIRECTOR

DEAN GRESEKDIRECTOR

DANIELE SZCZYPINSKIDIRECTOR

DANIEL RODRICKDIRECTOR

ANTHONY PALMUCCIDIRECTOR

About this charity

Recognized since: January 2004
Location: 218 MAIN ST, TOMS RIVER, NJ 08753-7438
County: Ocean
In care of: LEE PELTON
Primary officer: LEE PELTON, TREASURER

How to reach them

WebsiteVisit the charity’s website Phone(732) 341-8738

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: MATTHEW K VARLEY CPA LLC
NTEE classification: Community & Neighborhood Development (S20)
IRS tax category: Community & Neighborhood Development