NonprofitsHudson County Economic Development Corporation

Community Improvement & Capacity Building

Hudson County Economic Development Corporation

JERSEY CITY, NJ

Total revenue

$675K

Total expenses

$639K

Net assets

$1.7M

Grants received

$235K

6 grants

EIN

223307613

Tax year

2024

Mission

Non-profit economic development corporation in hudson county, new jersey

Programs

4 programs

Information (outreach) program - under the outreach program the hcedc provides local businesses with access to valuable resources.

Expenses: $155K

Business loan program - under the business loan program the hcedc works with a team of lenders to help local business access the financing they need.

Expenses: $121K

Affordable housing program - under the affordable housing program the hcedc through partnerships with other not-for-profit partners, helps individuals build wealth while strengthing the local ecomomies.

Expenses: $13K

Small business loan assistance interest relief - one time relief provided to small business owners impacted by covid 19 to provide relief for the interest portion of their loans. Program expense for 2020 $100,000 & 2021 $174,806.

Financials

FY 2024

Revenue

Contributions & grants$666K
Program service revenue
Investment income$46
Other revenue$9K
Total revenue$675K

Expenses

Grants paid
Salaries & benefits$208K
Fundraising
Other expenses$431K
Total expenses$639K
Total assets$1.8M
Net assets$1.7M

People

11 listed

NameRoleCompensation

KEVIN O'CONNOR

President

Board

5 hrs/wk

KENNETH O'NEILL

ASST. TREASURER

Board

5 hrs/wk

RICHARD DWYER

Treasurer

Board

5 hrs/wk

FRANCESCA GIARRATANA

Trustee

Board

2.5 hrs/wk

ALAN LAMBIASE

Vice President

Board

5 hrs/wk

HARRY MELENDEZ

Secretary

Board

5 hrs/wk

CARLOS MEDINA

Trustee

Board

2.5 hrs/wk

NORMAN GUERRA

Trustee

Board

2.5 hrs/wk

LISA PRUSKO

Trustee

Board

2.5 hrs/wk

JERMAINE ROBINSON

Trustee

Board

2.5 hrs/wk

MICHELLE RICHARDSON

Executive Dir.

Board

35 hrs/wk

Grants received

Showing 6 of 6

FromAmountPurposeYear
$25K
HCEDC INTERNSHIP PROGRAM
2024
$25K
HCEDC INTERNSHIP PROGRAM
2023
$40K
GENERAL SUPPORT
2021
$20K
GENERAL SUPPORT
2020

Funded by

$235K from 3 funders · 6 grants · 2020–2024

Local Initiatives Support Corporation

$125K · 2 grants · 2022–2023

Investors Foundation Inc

$60K · 2 grants · 2020–2021

Citizens Philanthropic Foundation Inc

$50K · 2 grants · 2023–2024

Details

EIN223307613
NTEE codeS21Z
Subsection03
Ruling date1995-09
Formed1994
Employees3
HUDSON COUNTY ECONOMIC DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo