The corporation's purpose is to revitalize downtown Newark by improving the economic viability of the central business district and enhance the quality of life for residents, workers, students and visitors.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations in New Jersey.
- Base
- $345k
- Bonus
- —
- Other
- —
- Benefits
- $3k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Chief Executive Officer Above 90th percentile | $345k | — | — | $3k | $356k $385k |
Director of Operations 25th percentile to medianvs Community Improvement & Capacity Building peers nationwide | — | — | — | — | $136k $147k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 17 unpaid individuals.
Browse compensation in Community Improvement & Capacity Building →
Top pay as a share of expenses
In 2024, the highest total compensation at Newark Downtown District Management Corporation equaled 5% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.
Up 30%
from 2023
From $274k in 2023 to $356k in 2024.
Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 30% from 2023 to 2024, while revenue held roughly steady.
- Chief Operating Officer pay rose 28% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about Newark Downtown District Management Corporation
What does the Chief Executive Officer of Newark Downtown District Management Corporation earn?
In 2024, the Chief Executive Officer of Newark Downtown District Management Corporation received $356,489 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in New Jersey: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at Newark Downtown District Management Corporation compare with similar nonprofits?
Compared with the same role at Community Improvement & Capacity Building organizations in New Jersey, the 2024 pay of the Chief Executive Officer at Newark Downtown District Management Corporation falls in the top 10%. In 2024, the highest total compensation at Newark Downtown District Management Corporation equaled 5% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
What are Newark Downtown District Management Corporation's revenue and expenses?
In 2024, Newark Downtown District Management Corporation reported $8.5M in total revenue and $6.9M in total expenses on its IRS Form 990.
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