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EIN 22-2164287

Elizabeth Development Company (EDC)

IRS 501(c) type
501(c)(3)
Num. employees
16
City
Elizabeth
State
New Jersey
Year formed
1977
Most recent tax filings
2023-06-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
Elizabeth Development Company works with cross-sector leaders in cities across Union County and Northern New Jersey, to build innovative urban revitalization practices aimed at improving the economic well-being of residents and communities.
Also known as...
Elizabeth Development Company of New Jersey
Total revenues
$2,107,811
2023
Total expenses
$2,316,697
2023
Total assets
$20,201,600
2023
Num. employees
16
2023

Program areas at EDC

Job creation, attracting and retaining businesses and other economic development activities by providing grants and below-market rate loan programs to businesses utilizing the City of Elizabeth's Urban Enterprise Zone and CDBG funds.

Who funds Elizabeth Development Company (EDC)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Bank of America Charitable FoundationProgram/operating Support$15,000

Personnel at EDC

NameTitleCompensation
William O'DeaExecutive Director$142,533
Edgar LopezDirector of Neighborhood Revitalization and Workforce Development$102,192
Marty BorrusoVice Chairperson / Vice Chairman / Treasurer$0
Angel CabreraSecretary / Director$0
Gregory WagaChairperson / Chairman / Secretary$0
...and 3 more key personnel

Financials for EDC

RevenuesFYE 06/2023
Total grants, contributions, etc.$1,344,415
Program services$531,422
Investment income and dividends$231,974
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$2,107,811

Form 990s for EDC

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-13990View PDF
2022-062023-05-11990View PDF
2021-062022-05-12990View PDF
2020-062021-05-18990View PDF
2019-062020-09-09990View PDF
...and 9 more Form 990s
Data update history
August 9, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 14, 2024
Received grants
Identified 1 new grant, including a grant for $15,000 from The Bank of America Charitable Foundation
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 8, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 30, 2023
Updated personnel
Identified 4 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Fundraising eventsState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
205 First St
Elizabeth, NJ 07206
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
Union County, NJ
Website URL
edcnj.org/ 
Phone
(908) 289-0262
IRS details
EIN
22-2164287
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1977
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization
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