03/29/2025
Some people have asked about the Carteret Business Partnership and who runs it and what it does. We know the CBT bought 2 Carteret Avenue several years ago and removed all the tenants and proceeded to undertake the high-density development project across the Street from the Columbus School, and along Roosevelt Avenue without any public input.
We have some information to share on the CBP
The Carteret Business Partnership Inc - a tax-exempt organization since August 2008 EIN: 32-0145183 .It is Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (or the prevention of cruelty to children or animals. (According to non-profit explorer)
Mayor Reiman serves as Chairman of the board of directors of the Carteret Business Partnership. The board of directors are all - not surprisingly – close to the mayor.
• Mark Hruska, Executive Director was the fire chief in town until January. He is paid $45,000 a year in 2023 up from $39,000 in 2022. He is every hard to reach. And he, not the borough custodian of records, is responsible for answering OPRA requests – and he does it poorly – if at all.
• Diana St. John, Deputy Director & director of Community Development
• Joseph Wutkowski, Treasurer – an accountant with his own business
• Hank D’Orsi, Member, Business Owner was in real estate partnership with Reiman.
• A.J. Johal, Member, Business Owner, also a councilman
• Peter Visceglia, Member, Business Owner
According to the group’s 2023 non-profit IRS filing; the organization has
Revenue of $9.94M (2023)
Expenses $8.3M (2023)
Total Assets $64.4M (2023)
Total Liabilities $2.26M (2023)
***
The CBP 2022 IRS filing showed
Revenue of $5,882,291
Expenses - $5,170,919
Net Income - $711,372
Net Assets -$60,544,302
So, there was a sizable $4 million increase in net assets between 2022 and 2023.
Don’t bother looking for the CBT’s meeting minutes or schedule of meeting on the borough website. You won’t find it.
Why is this group that controls $64 million in assets so secretive? You can ask the mayor and council
We will look into the groups donors and real estate holding and report back to you.