PATERSON RESTORATION CORPORATION
125 ELLISON STREET 4TH FLOOR, PATERSON, NJ 07505

Total Revenue
$550,251
Total Expenses
$302,798
Net Assets
$18,998,111

Organizations Filed Purposes: TO ENCOURAGE RESTORATION IN THE CITY OF PATERSON. TO PROVIDE LOW INTEREST LOANS TO FACILITATE THE PATERSON COMMUNITY CONSTRUCTION AND RESTORATION PROJECTS.

THE GREAT FALLS HISTORIC DISTRICT- TITLE IX FUND- WAS ESTABLISHED IN 1984 BY CITY COUNCIL RESOLUTION. THE CITY OF PATERSON DREW DOWN THE BALANCE OF FUNDS AVAILABLE TO IT ACCORDING TO THE CITY'S GRANT AGREEMENT WITH THE USEDA. THE FUNDS WERE TRANSFERRED TO THE PRC AND ARE TO BE ENCUMBERED FOR USE ONLY IN THE GREAT FALLS HISTORIC DISTRICT.

INDUSTRIAL RELOCATION EXPENSES INCURRED FOR PROMOTION AND RESEARCH TO ATTRACT MORE BUSINESS ENTERPRISES TO RELOCATE TO THE CITY OF PATERSON, UNDERWRITING COSTS TO PROVIDE LOANS TO BUSINESSES.

UEZ PROJECT PROGRAM - THIS PROGRAM FACILITATES THE FUNDING OF MANY UEZ STATE APPROVED PROJECTS. THE FUNDS ARE HELD IN A RESTRICTED BANK ACCOUNT TO BE USED FOR PAYMENT TO VENDORS IN CONNECTION WITH AN APPROVED PROJECT AND SUPPORTING DOCUMENTATION.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Michael PowellEXECUTIVE DIRECTOR2$0
Harvey NutterTREASURER2$0
Matthew EvansVICE CHAIRMAN2$0
Jeffrey LevineSECRETARY2$0
James Am Dykes IiCHAIRMAN2$0
Abdul HamdanTRUSTEE2$0
Dr Steve RoseTRUSTEE2$0
George McloofTRUSTEE2$0
Mario TommolilloTRUSTEE2$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202111059349302051_public.xml