Paterson Development & Management Corporation is a 501(c)(3) organization based in Paterson, New Jersey, registered in 1996, with $80,078 in FY2024 revenue. CharityIndex grades it F.
Revenue (FY2024)
$80K
▼ 14.3% vs prior year
Housing median: $408K
Expenses (FY2024)
$150K
Net assets
$1.7M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Paterson Development & Management Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Paterson Development & Management Corporation: 134 mo reserves · -87% margin earns a F on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Paterson Development & Management Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Paterson Development & Management Corporation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue declined from $234K (FY2013) to $80K (FY2024) across 12 reported years.
Financial snapshot
Operating margin
-87.4%
Spent more than it raised in the latest fiscal year.
Total assets
$1.7M
Total liabilities
$28K
Net assets
$1.7M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $80,078▼14.3% | $150,041▲3.8% | $1,670,686▼4.0% | $1,698,300▼4.1% | 990 |
| 2023 | $93,407▲18.9% | $144,598▼4.3% | $1,740,649▼2.9% | $1,770,174▼2.9% | 990 |
| 2022 | $78,586▼10.7% | $151,042▲48.8% | $1,791,840▼3.9% | $1,823,522▼3.4% | 990 |
| 2021 | $87,968▼11.2% | $101,478▼14.5% | $1,864,296▼0.7% | $1,888,523▼0.7% | 990 |
| 2020 | $99,035▼18.5% | $118,646▲1.7% | $1,877,806▼1.0% | $1,901,646▼1.2% | 990 |
| 2019 | $121,538▲25.5% | $116,659▼15.2% | $1,897,417▲0.3% | $1,923,901▲0.5% | 990 |
| 2018 | $96,837▼10.0% | $137,544▲33.1% | $1,892,538▼2.1% | $1,915,002▼2.3% | 990 |
| 2017 | $107,625▼22.4% | $103,365▲13.5% | $1,933,245▲0.2% | $1,960,195▲0.4% | 990 |
| 2016 | $138,746▲19.1% | $91,047▼12.6% | $1,928,985▲2.5% | $1,952,197▲2.4% | 990 |
| 2015 | $116,479▼11.6% | $104,225▲11.3% | $1,881,286▲0.7% | $1,905,802▲0.6% | 990 |
| 2014 | $131,773▼43.6% | $93,684▼18.7% | $1,869,032▲2.1% | $1,894,527▼1.3% | 990 |
| 2013 | $233,612 | $115,273▼44.3% | $1,830,943▲6.9% | $1,920,082▼6.4% | 990 |
| 2012 | — | $206,974 | $1,712,604 | $2,052,134 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Paterson Development & Management Corporation (EIN 52-1976782) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.