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Demarest Farms 2 Inc

  • Paramus, NJ
  • Tax-exempt since June 2011
  • EIN: 27-4939264

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Housing, Shelter / Housing Development, Construction, Management (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$125k (2024)

Expenses
$155k (2024)

Total Assets
$1.53M (2024)

Total Liabilities
$161k (2024)

Source: Form 990 tax filings from 2012 to 2024

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$124,657
Expenses
$155,062
Net Income
-$30,405
Net Assets
$1,364,722
Notable Sources of Revenue Percent of Total Revenue
Contributions $70,393
56.5%
Program Services $49,947
40.1%
Investment Income $4,317
3.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,525,954
Total Liabilities $161,232
Net Assets $1,364,722
Compensation
Key Employees and Officers Compensation Related Other
Carolyn Jaime (President & Ceo) $0 $178,169 $25,881
Charles Higgins (President) $0 $0 $0
Susan Deangelo (Secretary) $0 $0 $0
Bruce Nussman (Counsel) $0 $0 $0
Bina Shah (Coo) $0 $100,243 $28,337
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Document Links

990
Filed on Oct. 20, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML
Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$206,786
Expenses
$197,823
Net Income
$8,963
Net Assets
$1,395,127
Notable Sources of Revenue Percent of Total Revenue
Contributions $79,537
38.5%
Program Services $42,986
20.8%
Investment Income $2,458
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $81,805
39.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,535,295
Total Liabilities $140,168
Net Assets $1,395,127
Compensation
Key Employees and Officers Compensation Related Other
Charles Higgins (President) $0 $0 $0
Susan Deangelo (Secretary) $0 $0 $0
Carolyn Jaime (Member/ Ceo) $0 $174,000 $5,926
Bruce Nussman (Counsel) $0 $0 $0
Everard Bascoe (Cfo) $0 $85,000 $9,324
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Document Links

990
Filed on Nov. 12, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML
Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$121,517
Expenses
$201,627
Net Income
-$80,110
Net Assets
$1,387,884
Notable Sources of Revenue Percent of Total Revenue
Contributions $71,955
59.2%
Program Services $40,396
33.2%
Investment Income $498
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $8,668
7.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $6,060
3.0%
Assets/Debt
Total Assets $1,606,669
Total Liabilities $218,785
Net Assets $1,387,884
Compensation
Key Employees and Officers Compensation Related Other
Charles Higgins (President) $0 $0 $0
Susan Deangelo (Secretary) $0 $0 $0
Carolyn Jaime (Member) $0 $175,000 $5,926
Bruce Nussman (Counsel) $0 $0 $0
Everard Bascoe (Cfo) $0 $84,998 $0
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990
Filed on Oct. 12, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML
Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF
This audit found:
Material weakness in internal controls

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$113,005
Expenses
$210,657
Net Income
-$97,652
Net Assets
$1,467,994
Notable Sources of Revenue Percent of Total Revenue
Contributions $72,076
63.8%
Program Services $40,741
36.1%
Investment Income $188
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $6,705
3.2%
Assets/Debt
Total Assets $1,644,938
Total Liabilities $176,944
Net Assets $1,467,994
Compensation
Key Employees and Officers Compensation Related Other
Charles Higgins (President) $0 $0 $0
Susan De Angelo (Secretary) $0 $0 $0
Carolyn Jaime (Member) $0 $173,634 $19,485
Ed Miller Until April 2021 (Cfo) $0 $44,388 $0
Everard Bascoe After April 2021 (Cfo) $0 $37,789 $0
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990
Filed on Nov. 8, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$123,809
Expenses
$174,837
Net Income
-$51,028
Net Assets
$1,565,646
Notable Sources of Revenue Percent of Total Revenue
Contributions $81,310
65.7%
Program Services $38,930
31.4%
Investment Income $513
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,056
2.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,681,026
Total Liabilities $115,380
Net Assets $1,565,646
Compensation
Key Employees and Officers Compensation Related Other
Charles Higgins (President) $0 $0 $0
Lynne Litterini (Vice President) $0 $0 $0
Susan Deangelo (Secretary) $0 $0 $0
Bruce Nussman (Counsel) $0 $0 $0
Carolyn Jaime (Member) $0 $174,880 $5,812
Edward Miller (Cfo) $0 $92,703 $0
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990
Filed on Nov. 15, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$111,134
Expenses
$164,692
Net Income
-$53,558
Net Assets
$1,616,674
Notable Sources of Revenue Percent of Total Revenue
Contributions $76,549
68.9%
Program Services $32,623
29.4%
Investment Income $1,524
1.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $438
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,738,785
Total Liabilities $122,111
Net Assets $1,616,674
Compensation
Key Employees and Officers Compensation Related Other
Charles Higgins (President) $0 $0 $0
Karen Mcdermott (Vice President) $0 $0 $0
Kathy English (Secretary) $0 $0 $0
Edward Miller (Cfo) $0 $23,420 $0
Carolyn Jaime (Member) $0 $163,346 $5,077
Bruce Nussman (Counsel) $0 $0 $0
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990
Filed on Nov. 11, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$109,587
Expenses
$133,496
Net Income
-$23,909
Net Assets
$1,670,232
Notable Sources of Revenue Percent of Total Revenue
Contributions $86,565
79.0%
Program Services $21,164
19.3%
Investment Income $13
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,845
1.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,772,423
Total Liabilities $102,191
Net Assets $1,670,232
Compensation
Key Employees and Officers Compensation Related Other
Karen Mcdermott (Vice President) $0 $0 $0
Kathy English (Secretary) $0 $0 $0
Charles Higgins (President) $0 $0 $0
Carolyn Jaime (Member) $0 $156,154 $21,349
Bruce Nussman (Counsel) $0 $0 $0
Peter Rudolph (Cfo) $0 $98,765 $21,050
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990
Filed on Nov. 14, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$121,218
Expenses
$145,798
Net Income
-$24,580
Net Assets
$1,736,680
Notable Sources of Revenue Percent of Total Revenue
Contributions $95,694
78.9%
Program Services $23,664
19.5%
Investment Income $6
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,854
1.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,835,347
Total Liabilities $98,667
Net Assets $1,736,680
Compensation
Key Employees and Officers Compensation Related Other
Karen Mcdermott (Vice President) $0 $0 $0
Kathy English (Secretary) $0 $0 $0
Charles Higgins (President) $0 $0 $0
Carolyn Jaime (Member) $0 $113,615 $13,151
Peter Rudolph (Cfo) $0 $92,418 $18,191
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990
Filed on Oct. 12, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$183,678
Expenses
$140,580
Net Income
$43,098
Net Assets
$1,761,260
Notable Sources of Revenue Percent of Total Revenue
Contributions $148,034
80.6%
Program Services $20,055
10.9%
Investment Income $1
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $15,588
8.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $10,470
7.4%
Assets/Debt
Total Assets $1,855,731
Total Liabilities $94,471
Net Assets $1,761,260
Compensation
Key Employees and Officers Compensation Related Other
Karen Mcdermott (Trustee) $0 $0 $0
Ka Thy English (Trustee) $0 $0 $0
Marion Dooley (Trustee) $0 $0 $0
Marsha Domke (Secretary) $0 $0 $0
Charles Higgins (President) $0 $0 $0
Mary Rossettini (Former Vice President) $0 $159,403 $30,428
Carolyn Jaime (Secretary) $0 $0 $0
Peter Rudolph (Cfo) $0 $90,790 $17,181
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990
Filed on Oct. 9, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$228,458
Expenses
$183,817
Net Income
$44,641
Net Assets
$1,718,162
Notable Sources of Revenue Percent of Total Revenue
Contributions $193,600
84.7%
Program Services $15,913
7.0%
Investment Income $29
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $18,916
8.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,959,613
Total Liabilities $241,451
Net Assets $1,718,162
Compensation
Key Employees and Officers Compensation Related Other
Karen Mcdermott (Trustee) $0 $0 $0
Kathy English (Trustee) $0 $0 $0
Marion Dooley (Trustee) $0 $0 $0
Marsha Domke (Secretary) $0 $0 $0
Charles Higgins (President) $0 $0 $0
Mary Rossettini (Vice President) $0 $157,451 $19,447
Peter Rudolph (Cfo) $0 $93,845 $14,587
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990
Filed on Aug. 9, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML
PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$234,402
Expenses
$121,100
Net Income
$113,302
Net Assets
$1,673,521
Notable Sources of Revenue Percent of Total Revenue
Contributions $221,825
94.6%
Program Services $12,292
5.2%
Investment Income $44
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $241
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,976,600
Total Liabilities $303,079
Net Assets $1,673,521
Compensation
Key Employees and Officers Compensation Related Other
Charles Higgins (President) $0 $0 $0
Marsha Domke (Secretary) $0 $0 $0
Karen Mcdermott (Trustee) $0 $0 $0
Alice Siegel (Former Trustee) $0 $0 $0
Kathy English (Trustee) $0 $0 $0
Marion Dooley (Trustee) $0 $0 $0
Mary Rossettini (Vice President) $0 $138,695 $13,877
Jacqueline Szabo (Vp Of Clinical Services) $0 $80,633 $19,906
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990
Filed on July 31, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,097,705
Expenses
$17,115
Net Income
$1,080,590
Net Assets
$1,560,219
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,097,681
100.0%
Program Services $0
Investment Income $24
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,973,547
Total Liabilities $413,328
Net Assets $1,560,219
Compensation
Key Employees and Officers Compensation Related Other
Charles Higgins (President) $0 $0 $0
Marsha Domke (Secretary) $0 $0 $0
Karen Mcdermott (Trustee) $0 $0 $0
Alice Siegel (Trustee) $0 $0 $0
Kathy English (Trustee) $0 $0 $0
Marion Dooley (Trustee) $0 $0 $0
Mary Rossettini (Vice President) $0 $142,222 $12,217
+ View more people

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990
Filed on Aug. 11, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$484,529
Expenses
$4,900
Net Income
$479,629
Net Assets
$479,629
Notable Sources of Revenue Percent of Total Revenue
Contributions $484,519
100.0%
Program Services $0
Investment Income $10
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $529,945
Total Liabilities $50,316
Net Assets $479,629

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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