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Employer Identification Number 22-2164287

ELIZABETH DEVELOPMENT COMPANY is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:ELIZABETH DEVELOPMENT COMPANY
Employer identification number (EIN):22-2164287
EIN Issuing AuthorityBrookhaven, NY
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations
401k Pension/Benefits registration ELIZABETH DEVELOPMENT COMPANY 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementJob creation, attracting & retaining businesses and other economic development activities by providing grants and below-market rate loan programs through Urban Enterprise Zone, CDBG and NRTC programs in the City of Elizabeth, New Jersey.
Number of Employees10
Number of Volunteers23
Year Formed1977

Organization Governance

Legal DomicileNJ
Voting Members - Governing Body23
Voting Members - Independent23

Organization Financials

2023-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 352,224
Program Service Revenue from current yearUSD $ 531,422
Investment Income from prior yearUSD $ 278,789
Investment Income from current yearUSD $ 231,974
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 2,107,811
Net assets / fund balances at end of fiscal yearUSD $ 15,007,736
Net assets / fund balances at beginning of fiscal yearUSD $ 15,216,622
Total liabilities at end of fiscal yearUSD $ 5,193,864
Total liabilities at beginning of fiscal yearUSD $ 4,975,888
Total assets at end of fiscal yearUSD $ 20,201,600
Total assets at beginning of fiscal yearUSD $ 20,192,510
Revenues less expenses for current yearUSD $ -208,886
Revenues less expenses for previous yearUSD $ -940,090
Total expenses for current yearUSD $ 2,316,697
Total expenses for previous yearUSD $ 3,660,919
Other expenses in current yearUSD $ 994,699
Other expenses in previous yearUSD $ 2,640,919
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 1,020,000
Employee salary and benefits paid in current yearUSD $ 1,321,998
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 2,107,811
Total revenue in previous fiscal yearUSD $ 2,720,829
Contributions and grants from current yearUSD $ 1,344,415
Contributions and grants from previous yearUSD $ 2,089,816
2022-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 376,382
Program Service Revenue from current yearUSD $ 352,224
Investment Income from prior yearUSD $ 228,087
Investment Income from current yearUSD $ 278,789
Other Revenue from prior yearUSD $ 137,500
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 2,720,829
Net assets / fund balances at end of fiscal yearUSD $ 15,216,622
Net assets / fund balances at beginning of fiscal yearUSD $ 16,156,712
Total liabilities at end of fiscal yearUSD $ 4,975,888
Total liabilities at beginning of fiscal yearUSD $ 3,764,742
Total assets at end of fiscal yearUSD $ 20,192,510
Total assets at beginning of fiscal yearUSD $ 19,921,454
Revenues less expenses for current yearUSD $ -940,090
Revenues less expenses for previous yearUSD $ -382,738
Total expenses for current yearUSD $ 3,660,919
Total expenses for previous yearUSD $ 6,360,876
Other expenses in current yearUSD $ 2,640,919
Other expenses in previous yearUSD $ 5,334,241
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,020,000
Employee salary and benefits paid in previous yearUSD $ 1,026,635
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 2,720,829
Total revenue in previous fiscal yearUSD $ 5,978,138
Contributions and grants from current yearUSD $ 2,089,816
Contributions and grants from previous yearUSD $ 5,236,169
2021-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 421,729
Program Service Revenue from current yearUSD $ 376,382
Investment Income from prior yearUSD $ 259,007
Investment Income from current yearUSD $ 228,087
Other Revenue from current yearUSD $ 137,500
Gross receipts from all sourcesUSD $ 5,978,138
Net assets / fund balances at end of fiscal yearUSD $ 16,156,712
Net assets / fund balances at beginning of fiscal yearUSD $ 16,749,726
Total liabilities at end of fiscal yearUSD $ 3,764,742
Total liabilities at beginning of fiscal yearUSD $ 3,748,072
Total assets at end of fiscal yearUSD $ 19,921,454
Total assets at beginning of fiscal yearUSD $ 20,497,798
Revenues less expenses for current yearUSD $ -382,738
Revenues less expenses for previous yearUSD $ 392,378
Total expenses for current yearUSD $ 6,360,876
Total expenses for previous yearUSD $ 1,651,964
Other expenses in current yearUSD $ 5,334,241
Other expenses in previous yearUSD $ 748,458
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,026,635
Employee salary and benefits paid in previous yearUSD $ 903,506
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 5,978,138
Total revenue in previous fiscal yearUSD $ 2,044,342
Contributions and grants from current yearUSD $ 5,236,169
Contributions and grants from previous yearUSD $ 1,363,606
Gross income from fundraising eventsUSD $ 0
Total of other revenueUSD $ 137,500
2020-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,563,462
Program Service Revenue from current yearUSD $ 421,729
Investment Income from prior yearUSD $ -486,850
Investment Income from current yearUSD $ 259,007
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 2,044,342
Net assets / fund balances at end of fiscal yearUSD $ 16,749,726
Net assets / fund balances at beginning of fiscal yearUSD $ 17,109,900
Total liabilities at end of fiscal yearUSD $ 3,748,072
Total liabilities at beginning of fiscal yearUSD $ 3,696,885
Total assets at end of fiscal yearUSD $ 20,497,798
Total assets at beginning of fiscal yearUSD $ 20,806,785
Revenues less expenses for current yearUSD $ 392,378
Revenues less expenses for previous yearUSD $ -67,139
Total expenses for current yearUSD $ 1,651,964
Total expenses for previous yearUSD $ 2,983,830
Other expenses in current yearUSD $ 748,458
Other expenses in previous yearUSD $ 2,101,375
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 903,506
Employee salary and benefits paid in previous yearUSD $ 882,455
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 2,044,342
Total revenue in previous fiscal yearUSD $ 2,916,691
Contributions and grants from current yearUSD $ 1,363,606
Contributions and grants from previous yearUSD $ 1,840,079
2019-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,496,880
Program Service Revenue from current yearUSD $ 1,563,462
Investment Income from prior yearUSD $ 2,130,402
Investment Income from current yearUSD $ -486,850
Other Revenue from prior yearUSD $ 1,467,843
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 5,663,802
Net assets / fund balances at end of fiscal yearUSD $ 17,109,900
Net assets / fund balances at beginning of fiscal yearUSD $ 17,177,039
Total liabilities at end of fiscal yearUSD $ 3,696,885
Total liabilities at beginning of fiscal yearUSD $ 3,343,561
Total assets at end of fiscal yearUSD $ 20,806,785
Total assets at beginning of fiscal yearUSD $ 20,520,600
Revenues less expenses for current yearUSD $ -67,139
Revenues less expenses for previous yearUSD $ 3,209,818
Total expenses for current yearUSD $ 2,983,830
Total expenses for previous yearUSD $ 2,840,914
Other expenses in current yearUSD $ 2,101,375
Other expenses in previous yearUSD $ 2,017,748
Total fundraising expenses in current yearUSD $ 37,087
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 882,455
Employee salary and benefits paid in previous yearUSD $ 823,166
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 2,916,691
Total revenue in previous fiscal yearUSD $ 6,050,732
Contributions and grants from current yearUSD $ 1,840,079
Contributions and grants from previous yearUSD $ 955,607
2018-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,153,348
Program Service Revenue from current yearUSD $ 1,496,880
Investment Income from prior yearUSD $ 355,527
Investment Income from current yearUSD $ 2,130,402
Other Revenue from current yearUSD $ 1,467,843
Gross receipts from all sourcesUSD $ 13,927,044
Net assets / fund balances at end of fiscal yearUSD $ 17,177,039
Net assets / fund balances at beginning of fiscal yearUSD $ 13,967,221
Total liabilities at end of fiscal yearUSD $ 3,343,561
Total liabilities at beginning of fiscal yearUSD $ 10,727,187
Total assets at end of fiscal yearUSD $ 20,520,600
Total assets at beginning of fiscal yearUSD $ 24,694,408
Revenues less expenses for current yearUSD $ 3,209,818
Revenues less expenses for previous yearUSD $ -62,492
Total expenses for current yearUSD $ 2,840,914
Total expenses for previous yearUSD $ 3,572,162
Other expenses in current yearUSD $ 2,017,748
Other expenses in previous yearUSD $ 2,769,701
Total fundraising expenses in current yearUSD $ 45,914
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 823,166
Employee salary and benefits paid in previous yearUSD $ 802,461
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 6,050,732
Total revenue in previous fiscal yearUSD $ 3,509,670
Contributions and grants from current yearUSD $ 955,607
Contributions and grants from previous yearUSD $ 2,000,795
Total of other revenueUSD $ 1,467,843
2017-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,137,462
Program Service Revenue from current yearUSD $ 1,153,348
Investment Income from prior yearUSD $ 217,007
Investment Income from current yearUSD $ 355,527
Other Revenue from prior yearUSD $ 131,374
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 3,509,670
Net assets / fund balances at end of fiscal yearUSD $ 13,967,221
Net assets / fund balances at beginning of fiscal yearUSD $ 14,029,713
Total liabilities at end of fiscal yearUSD $ 10,727,187
Total liabilities at beginning of fiscal yearUSD $ 10,853,337
Total assets at end of fiscal yearUSD $ 24,694,408
Total assets at beginning of fiscal yearUSD $ 24,883,050
Revenues less expenses for current yearUSD $ -62,492
Revenues less expenses for previous yearUSD $ -17,913
Total expenses for current yearUSD $ 3,572,162
Total expenses for previous yearUSD $ 3,429,455
Other expenses in current yearUSD $ 2,769,701
Other expenses in previous yearUSD $ 2,531,635
Total fundraising expenses in current yearUSD $ 15,956
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 802,461
Employee salary and benefits paid in previous yearUSD $ 897,820
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 3,509,670
Total revenue in previous fiscal yearUSD $ 3,411,542
Contributions and grants from current yearUSD $ 2,000,795
Contributions and grants from previous yearUSD $ 1,925,699
2016-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,477,866
Program Service Revenue from current yearUSD $ 1,137,462
Investment Income from prior yearUSD $ 238,885
Investment Income from current yearUSD $ 217,007
Other Revenue from prior yearUSD $ 82,838
Other Revenue from current yearUSD $ 131,374
Gross receipts from all sourcesUSD $ 3,411,542
Net assets / fund balances at end of fiscal yearUSD $ 14,029,713
Net assets / fund balances at beginning of fiscal yearUSD $ 14,047,626
Total liabilities at end of fiscal yearUSD $ 10,853,337
Total liabilities at beginning of fiscal yearUSD $ 11,184,590
Total assets at end of fiscal yearUSD $ 24,883,050
Total assets at beginning of fiscal yearUSD $ 25,232,216
Revenues less expenses for current yearUSD $ -17,913
Revenues less expenses for previous yearUSD $ -265,371
Total expenses for current yearUSD $ 3,429,455
Total expenses for previous yearUSD $ 6,418,384
Other expenses in current yearUSD $ 2,531,635
Other expenses in previous yearUSD $ 5,488,917
Total fundraising expenses in current yearUSD $ 39,937
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 897,820
Employee salary and benefits paid in previous yearUSD $ 929,467
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 3,411,542
Total revenue in previous fiscal yearUSD $ 6,153,013
Contributions and grants from current yearUSD $ 1,925,699
Contributions and grants from previous yearUSD $ 4,353,424
Total of other revenueUSD $ 131,374

Other Company Names associated with EIN

Elizabeth Development Company of New Jersey

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 222164287

USA Location Address
205 FIRST STREET, SUITE 114
ELIZABETH
NJ
07206
Date first seen: 2008-01-01
Date last seen: 2025-12-31
USA Location Address
288 NORTH BROAD STREET
ELIZABETH
NJ
07207
Date first seen: 2009-05-01
Date last seen: 2025-12-31
401k Sponsor USA Address
205 FIRST STREET, SUITE 114
ELIZABETH
NJ
07206
Date first seen: 2008-01-01
Date last seen: 2025-10-14

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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