Elizabeth Development Company of New Jersey

Elizabeth Development Company of New Jersey

Elizabeth, NJ, US
501(c)3
EIN
22-2164287

Elizabeth Development Company of New Jersey

Elizabeth, NJ, US
501(c)3
EIN
22-2164287

Overview

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Est.

1977

Fiscal Year Start

Jul 1

Organization Type

Grantseeker

AI Summary

The Elizabeth Development Company of New Jersey is a nonprofit organization focused on economic development, specifically in job creation and business retention through grants and below-market rate loan programs via Urban Enterprise. With an operating budget of $2.8 million and total revenue of $1.2 million for the 2024 filing year, the organization does not rely on a single funder for 50% or more of its revenue. More information can be found on their website at www.edcnj.org.

Mission Statement

Job creation, attracting & retaining businesses and other economic development activities by providing grants and below-market rate loan programs through Urban Enterprise
Revenues

$1.2M

Expenses

$2.8M

Net Income:
-$1.6M
Assets

$20.8M

Liabilities

$5.1M

Net Assets:
+$15.6M
Operating Budget

$2.8M

Operating Budget by Year

Due Diligence

Are you a grantmaker?
Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants

3

Median grant size
$10K
Largest grant received
$25K
W
William O'Dea
Board Member
B
Bridget Anderson
Board Member
M
Mary Arias
Board Member

Frequently Asked Questions

What is Elizabeth Development Company of New Jersey’s budget?
In 2024, Elizabeth Development Company of New Jersey reported an annual operating budget of around $2.8 million. More detailed financial information is available to registered users.
What causes does Elizabeth Development Company of New Jersey support?
Elizabeth Development Company of New Jersey supports work in Economic development.
Where does Elizabeth Development Company of New Jersey operate?
Elizabeth Development Company of New Jersey is headquartered in Elizabeth, NJ.
Who funded Elizabeth Development Company of New Jersey recently?
In 2024, Elizabeth Development Company of New Jersey received grants from Wells Fargo Foundation, ROMA BANK COMMUNITY FOUNDATION INC, and COLUMBIA BANK FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant Elizabeth Development Company of New Jersey received in 2024?
The largest grant to Elizabeth Development Company of New Jersey in 2024 exceeds $25 thousand.
What is Elizabeth Development Company of New Jersey’s reliance on government grants?
Elizabeth Development Company of New Jersey relied on government grants for more than 45% of their total revenue in 2024.
Overview
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