Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1985.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
66 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
3 people listed on the 990; $196K paid to officers and key staff (Part VII, Section A).
Alfred Faiella’s $178K as President is at the 95th percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Alfred Faiella | $178,000 | $178,000 | $178,000 | $373,233 | $153,000 | $153,000 |
| William Eaton | $18,169 | $18,168 | $18,168 | — | — | — |
| Willaim Eaton | — | — | — | — | — | $9,488 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Nedc Riverfront Corp executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Manages redevelopment projects across New Jersey.
Questions for Nedc Riverfront Corp
Your first name shows with your question. Nedc Riverfront Corp answers here, for everyone.
Redevelopment projects in NJ.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-2595743) · Dispute this lineBy the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $61K | $61K |
| Land, buildings, equipmentLn 10c | $537K | $703K |
| Total assetsLn 16 | $1.6M | $1.7M |
| LiabilitiesLn 26 | $1.8M | $1.5M |
| Net assetsLn 32 | −$148K | $269K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $178K | $142K | $36K | |
| Pension plan contributionsLn 8 | $17K | $14K | $3K | |
| Other employee benefitsLn 9 | $30K | $24K | $6K | |
| Payroll taxesLn 10 | $20K | $16K | $4K | |
| Legal feesLn 11b | $3K | $3K | ||
| Accounting feesLn 11c | $17K | $17K | ||
| Other fees for servicesLn 11g | $81K | $78K | $3K | |
| Office expensesLn 13 | $22K | $22K | ||
| TravelLn 17 | $25K | $25K | ||
| Depreciation, depletion and amortizationLn 22 | $12K | $10K | $2K | |
| InsuranceLn 23 | $6K | $6K | ||
| Other expenses (24a–d)Ln 24 | $31K | $6K | $24K | |
| All other expensesLn 24e | $1K | $1K | ||
| Total functional expensesLn 25 | $444K | $294K | $150K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS Mar 18, 2026 | $861K | $444K | $417K | $269K | 990 PDF |
| FY2024Filed with the IRS May 7, 2025 | $611K | $431K | $179K | −$148K | 990 PDF |
| FY2023Filed with the IRS May 3, 2024 | $822K | $522K | $300K | −$327K | 990 PDF |
| FY2022Filed with the IRS May 15, 2023 | $423K | $628K | −$204K | −$627K | 990 PDF |
| FY2021Filed with the IRS Mar 24, 2022 | $478K | $395K | $83K | −$422K | 990 PDF |
| FY2020Filed with the IRS Jul 8, 2021 | $346K | $399K | −$53K | −$505K | 990 PDF |
Schedules filed Part IV
See the full FY2025 990
Part I · Summary $861,037 revenue, 12 lines filed
Part VI · Governance 1 of 3 board members independent, 1 to look at
Part VIII · Statement of revenue $861,037 across 6 lines filed
Part IX · Statement of functional expenses $443,981 across 13 lines filed
Part X · Balance sheet $1,725,152 assets, 10 lines filed
Part XI · Reconciliation of net assets $269,386 net assets at year end
Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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