MAXWELL PLACE WATERFRONT PARK CORPORATION INC C/O FIRST SERVICE RESIDENTIAL Charity Report

Public IRS 990 nonprofit record

MAXWELL PLACE WATERFRONT PARK CORPORATION INC C/O FIRST SERVICE RESIDENTIAL

EIN 45-2594112 · Parks & Playgrounds (N32)

What they do

MAXWELL PLACE WATERFRONT PARK CORPORATION, INC. is A PUBLIC NATURAL PARK LOCATED IN and OWNED BY THE CITY of HOBOKEN, NJ THAT CONSISTS of 3.5 ACRES of WATERFRONT LAND and 10 ACRES of WATER. THE PARK is OPEN to THE PUBLIC and ALLOWS for AN URBAN COMMUNITY to ENJOY THE OUTDOORS. THE PARK HAS MANY RESOURCES THAT INCLUDE A RIVERFRONT WALKWAY, A 500 FOOT FISHING PIER, A BOAT LAUNCH, PLAYING FIELDS, TWO CHILDRENS PLAYGROUNDS and A DOG RUN. THE PARK ALSO FEATURES A NATURAL SAND BEACH and A RE-CREATION of THE 1865 NEW YORK YACHT CLUB BOATHOUSE, THE FIRST YACHT BOATHOUSE IN THE UNITED STATES. IN ADDITION to BEING OPEN to THE PUBLIC, THE PARK ALLOWS for PUBLIC ACCESS to THE HUDSON RIVER. THIS ORGANIZATIONS MISSION is to PERFORM ALL SERVICES NECESSARY for MAINTENANCE, REPLACEMENT and IMPROVEMENT of PARK FACILITIES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $83.10 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 leaders3 people are listed in the latest report.

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

Money made simple

28.30%of revenue went to mission work83.1% of expenses · Program services

$34.06spent for every $100 of revenueRevenue covered expenses this year.

5.76%of revenue went to management and office costs16.9% of expenses

$13.02in assets for every $1 spent this yearSome assets cannot be spent right away.

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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$600,894

Mission workProgram services$170,03628.30% of revenue83.1% of expenses

ManagementOffice and general costs$34,6265.76% of revenue16.9% of expenses

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

Revenue left after expensesReported annual surplus$396,23265.94% of revenueShown in gray on the chart

Total expenses$204,66234.06% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

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: 83.1% mission · 16.9% management · 0.0% fundraisingTotal expenses: 34.06% of revenue

2023Expense mix: 84.5% mission · 15.5% management · 0.0% fundraisingTotal expenses: 37.43% of revenue

2022Expense mix: 90.2% mission · 9.8% management · 0.0% fundraisingTotal expenses: 66.89% of revenue

2021Expense mix: 83.9% mission · 16.1% management · 0.0% fundraisingTotal expenses: 41.24% of revenue

2020Expense mix: 88.4% mission · 11.6% management · 0.0% fundraisingTotal expenses: 95.54% of revenue

2019Expense mix: 90.2% mission · 9.8% management · 0.0% fundraisingTotal expenses: 139.40% of revenue

2018Expense mix: 84.2% mission · 15.8% management · 0.0% fundraisingTotal expenses: 52.73% of revenue

2017Expense mix: 79.7% mission · 20.3% management · 0.0% fundraisingTotal expenses: 33.17% of revenue

Money in and money out

Revenue$600,894

Expenses$204,662

Annual surplus $396,232 Revenue was higher than expenses 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)$170,036 · 83.1% of expenses

Management and office costs$34,626 · 16.9% of expenses

See all reported dollar amounts

Revenue$600,894

Expenses$204,662

Assets$2,664,232

Income$600,894

Mission work (program services)$170,036

Management and general$34,626

Accounting fees$9,900

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 (3)

CARL SULLOTRUSTEE

CATHLEEN WOLFTRUSTEE

EMILY JABBOURTRUSTEE

About this charity

Recognized since: January 2013
Location: 1100 MAXWELL LANE, HOBOKEN, NJ 07030-6882
County: Hudson
In care of: % PATRICK KRETZ
Primary officer: CATHLEEN WOLF, TRUSTEE

How to reach them

Phone(201) 656-8323

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: WILKIN & GUTTENPLAN PC
NTEE classification: Parks & Playgrounds (N32)
IRS tax category: Parks & Playgrounds