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.
Projects - United Counties Building, Midtown Parking Garage, Neighborhood Revitalization Tax Credit Projects, Workforce Investment Act (On the Job Training).
UEZ Program - administering the State Urban Enterprise Zone Program for the City of Elizabeth.
Community Development Entity activity to perform administrative functions related to the allocations of tax credits to eligible investors.
Personnel at EDC
| Name | Title | Compensation | Date of data |
|---|
| William O'Dea | Executive Director | $137,234 | 2023-05-11 |
| Dan Devanney | Director of Urban Enterprise Zone and Financial Programs | | 2021-04-02 |
| Robin Luciano | Office Manager | | 2021-04-02 |
| Marty Borruso | Vice Chairperson | $0 | 2022-06-30 |
| Angel Cabrera | Secretary | $0 | 2022-06-30 |
| ...and 5 more key personnel |
Financials for EDC
| Revenues | FYE 06/2022 | FYE 06/2021 | % Change |
|---|
| Total grants, contributions, etc. | $2,089,816 | $5,236,169 | -60.1% |
| Program services | $352,224 | $376,382 | -6.4% |
| Investment income and dividends | $278,789 | $228,087 | 22.2% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $137,500 | -100% |
| Total revenues | $2,720,829 | $5,978,138 | -54.5% |
Organizations like EDC
| Organization | Type | Location | Revenue |
|---|
| Southeast Ark Economic Development District | 501(c)(3) | Pine Bluff, AR | $3,105,093 |
| Waterbury Development Corporation | 501(c)(3) | Waterbury, CT | $2,421,027 |
| Chicago Neighborhood Initiatives | 501(c)(3) | Chicago, IL | $6,086,031 |
| Downtown Billings BID | 501(c)(3) | Billings, MT | $906,855 |
| The Aiken Corporation of South Carolina | 501(c)(3) | Aiken, SC | $799,387 |
| Downtown Brooklyn Partnership | 501(c)(3) | Brooklyn, NY | $2,730,535 |
| Fulton County Center for Regional Growth | 501(c)(3) | Gloversville, NY | $896,440 |
| Quaboag Valley Community Development Corporation | 501(c)(3) | Ware, MA | $1,035,215 |
| Riverside Center for Innovation | 501(c)(3) | Pittsburgh, PA | $4,393,853 |
| Venture Richmond | 501(c)(3) | Richmond, VA | $6,480,752 |
Data update history
July 13, 2022
Used new vendors
Identified 2 new vendors, including , and
July 12, 2022
Posted financials
Added Form 990 for fiscal year 2020
August 21, 2021
Posted financials
Added Form 990 for fiscal year 2019
June 28, 2021
Updated personnel
Identified 6 new personnel
September 30, 2020
Posted financials
Added Form 990 for fiscal year 2018
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingTax deductible 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/Â
- 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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