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Elizabeth Development Company Of New Jersey

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Economic Development (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$2.11M (2023)

Expenses
$2.32M (2023)

Total Assets
$20.2M (2023)

Total Liabilities
$5.19M (2023)

Source: Form 990 tax filings from 2012 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,107,811
Expenses
$2,316,697
Net Income
-$208,886
Net Assets
$15,007,736
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,344,415
63.8%
Program Services $531,422
25.2%
Investment Income $231,974
11.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,066,233
46.0%
Assets/Debt
Total Assets $20,201,600
Total Liabilities $5,193,864
Net Assets $15,007,736
Compensation
Key Employees and Officers Compensation Related Other
William O'dea (Executive Director) $142,533 $0 $0
Brenda Mc Rae (Deputy Exec Dir Finance And Admin) $120,909 $0 $0
Edgar Lopez (Dir Of Neighborhood Revitalization) $102,192 $0 $0
Daniel Devanney (Dir Uez & Financial Programs) $93,563 $0 $0
Gregory Waga (Chairman) $0 $0 $0
Marty Borruso (Vice Chairperson) $0 $0 $0
Julio Sabater (Treasurer) $0 $0 $0
Angel Cabrera (Secretary) $0 $0 $0
Marcy Metz (Immediate Past President) $0 $0 $0
Bridget Anderson (Member) $0 $0 $0
Mary Arias (Member) $0 $0 $0
Matt Beyerstedt (Member) $0 $0 $0
Laura Ciraco (Member) $0 $0 $0
Jennifer Costa (Member) $0 $0 $0
David Gibbons (Member) $0 $0 $0
Kate Kerpchar (Member) $0 $0 $0
Ana Liranzo (Member) $0 $0 $0
Dr Margaret Mc Menamin (Member) $0 $0 $0
Theresa Pereira (Member) $0 $0 $0
Amy Wagner (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,720,829
Expenses
$3,660,919
Net Income
-$940,090
Net Assets
$15,216,622
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,089,816
76.8%
Program Services $352,224
12.9%
Investment Income $278,789
10.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $808,707
22.1%
Assets/Debt
Total Assets $20,192,510
Total Liabilities $4,975,888
Net Assets $15,216,622
Compensation
Key Employees and Officers Compensation Related Other
William O'dea (Executive Director) $137,234 $0 $0
Brenda Mc Rae (Deputy Exec Dir Finance And Admin) $117,027 $0 $0
Daniel Devanney (Dir Uez & Financial Programs) $94,443 $0 $0
Gregory Waga (Chairperson) $0 $0 $0
Marty Borruso (Vice Chairperson) $0 $0 $0
Angel Cabrera (Secretary) $0 $0 $0
Julio Sabater (Treasurer) $0 $0 $0
Marcy Metz (Immediate Past President) $0 $0 $0
Bridget Anderson (Member) $0 $0 $0
Mary Arias (Member) $0 $0 $0
Matt Beyerstedt (Member) $0 $0 $0
Laura Ciraco (Member) $0 $0 $0
Jennifer Costa (Member) $0 $0 $0
David Gibbons (Member) $0 $0 $0
Kate Kerpchar (Member) $0 $0 $0
Amy Gellert Lebovitz (Member) $0 $0 $0
Ana Liranzo (Member) $0 $0 $0
Margaret Mc Menamin (Member) $0 $0 $0
Theresa Pereira (Member) $0 $0 $0
Amy Wagner (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,978,138
Expenses
$6,360,876
Net Income
-$382,738
Net Assets
$16,156,712
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,236,169
87.6%
Program Services $376,382
6.3%
Investment Income $228,087
3.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $137,500
2.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $393,996
6.2%
Professional Fundraising Fees $0
Other Salaries and Wages $431,944
6.8%
Assets/Debt
Total Assets $19,921,454
Total Liabilities $3,764,742
Net Assets $16,156,712
Compensation
Key Employees and Officers Compensation Related Other
William O'dea (Executive Director) $165,888 $0 $14,251
Brenda Mc Rae (Deputy Exec Dir Finance And Admin) $127,410 $0 $24,413
Daniel Devanney (Dir Uez & Financial Programs) $100,699 $0 $31,067
Gregory Waga (Chairman) $0 $0 $0
Marty Borruso (Vice Chairman) $0 $0 $0
Julio Sabater (Treasurer) $0 $0 $0
Angel Cabrera (Secretary) $0 $0 $0
Bridget Anderson (Member) $0 $0 $0
Amy Gellert Lebovitz (Member) $0 $0 $0
Mary Arias (Member) $0 $0 $0
Ana Liranzo (Member) $0 $0 $0
Nadine Brechner (Member) $0 $0 $0
Margaret M Mc Menamin (Member) $0 $0 $0
Jennifer Costa Cdme (Member) $0 $0 $0
Theresa M Pereira (Member) $0 $0 $0
Armando Rodrigues (Member) $0 $0 $0
David Gibbons (Member) $0 $0 $0
Amy Wagner (Member) $0 $0 $0
Kate Kerpchar (Member) $0 $0 $0
Marcy Metz (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,044,342
Expenses
$1,651,964
Net Income
$392,378
Net Assets
$16,749,726
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,363,606
66.7%
Program Services $421,729
20.6%
Investment Income $259,007
12.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $230,899
14.0%
Professional Fundraising Fees $0
Other Salaries and Wages $478,745
29.0%
Assets/Debt
Total Assets $20,497,798
Total Liabilities $3,748,072
Net Assets $16,749,726
Compensation
Key Employees and Officers Compensation Related Other
William O'dea (Executive Director) $146,228 $0 $14,245
Brenda Mc Rae (Deputy Exec Dir Finance And Admin) $126,946 $0 $20,958
Daniel Devanney (Dir Uez & Financial Programs) $77,190 $0 $27,947
Gregory Waga (Chairman) $0 $0 $0
Marty Borruso (Vice Chairman) $0 $0 $0
Julio Sabater (Treasurer) $0 $0 $0
Angel Cabrera (Secretary) $0 $0 $0
Bridget Anderson (Member) $0 $0 $0
Amy Gellert Lebovitz (Member) $0 $0 $0
Mary Arias (Member) $0 $0 $0
Ana Liranzo (Member) $0 $0 $0
Nadine Brechner (Member) $0 $0 $0
Margaret M Mc Menamin (Member) $0 $0 $0
Jennifer Costa Cdme (Member) $0 $0 $0
Theresa M Pereira (Member) $0 $0 $0
Armando Rodrigues (Member) $0 $0 $0
David Gibbons (Member) $0 $0 $0
Amy Wagner (Member) $0 $0 $0
Kate Kerpchar (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,916,691
Expenses
$2,983,830
Net Income
-$67,139
Net Assets
$17,109,900
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,840,079
63.1%
Program Services $1,563,462
53.6%
Investment Income $360,261
12.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$847,111
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $322,375
10.8%
Professional Fundraising Fees $0
Other Salaries and Wages $380,271
12.7%
Assets/Debt
Total Assets $20,806,785
Total Liabilities $3,696,885
Net Assets $17,109,900
Compensation
Key Employees and Officers Compensation Related Other
William O'dea (Executive Director) $125,000 $0 $14,245
Brenda Mc Rae (Deputy Exec Dir Finance And Admin) $102,371 $0 $20,958
Daniel Devanney (Dir Uez & Financial Programs) $95,004 $0 $27,947
Gregory Waga (Chairman) $0 $0 $0
Marty Borruso (Vice Chairman) $0 $0 $0
Julio Sabater (Treasurer) $0 $0 $0
Angel Cabrera (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,050,732
Expenses
$2,840,914
Net Income
$3,209,818
Net Assets
$17,177,039
Notable Sources of Revenue Percent of Total Revenue
Contributions $955,607
15.8%
Program Services $1,496,880
24.7%
Investment Income $302,990
5.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,827,412
30.2%
Net Inventory Sales $0
Other Revenue $1,467,843
24.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $230,899
8.1%
Professional Fundraising Fees $0
Other Salaries and Wages $417,058
14.7%
Assets/Debt
Total Assets $20,520,600
Total Liabilities $3,343,561
Net Assets $17,177,039
Compensation
Key Employees and Officers Compensation Related Other
William O'dea (Executive Director) $130,007 $0 $13,258
Brenda Mcrae (Deputy Exec Dir Finance And Admin) $100,891 $0 $18,034
Daniel Devanney (Dir Uez & Financial Programs) $100,196 $0 $25,990
Gordon Haas (Chairman) $0 $0 $0
Gregory Waga (Secretary) $0 $0 $0
Marty Borruso (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,509,670
Expenses
$3,572,162
Net Income
-$62,492
Net Assets
$13,967,221
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,000,795
57.0%
Program Services $1,153,348
32.9%
Investment Income $355,527
10.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $229,395
6.4%
Professional Fundraising Fees $0
Other Salaries and Wages $401,317
11.2%
Assets/Debt
Total Assets $24,694,408
Total Liabilities $10,727,187
Net Assets $13,967,221
Compensation
Key Employees and Officers Compensation Related Other
William O'dea (Executive Director) $123,681 $0 $10,722
Daniel Devanney (Dir Uez & Financial Programs) $105,714 $0 $31,201
Gordon Haas (Chairman) $0 $0 $0
Andrew Gellert (Vice Chairman) $0 $0 $0
Gregory Waga (Secretary) $0 $0 $0
Marty Borruso (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,411,542
Expenses
$3,429,455
Net Income
-$17,913
Net Assets
$14,029,713
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,925,699
56.4%
Program Services $1,137,462
33.3%
Investment Income $217,007
6.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $131,374
3.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $221,490
6.5%
Professional Fundraising Fees $0
Other Salaries and Wages $500,454
14.6%
Assets/Debt
Total Assets $24,883,050
Total Liabilities $10,853,337
Net Assets $14,029,713
Compensation
Key Employees and Officers Compensation Related Other
William O'dea (Executive Director) $117,427 $0 $10,722
Daniel Devanney (Comptroller) $104,063 $0 $31,201
Marcy Metz (Chairman) $0 $0 $0
Gordon Haas (Vice Chairman) $0 $0 $0
Nadine Brechner (Secretary) $0 $0 $0
Margaret M Mcmenamin (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,153,013
Expenses
$6,418,384
Net Income
-$265,371
Net Assets
$14,047,626
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,353,424
70.8%
Program Services $1,477,866
24.0%
Investment Income $238,885
3.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $82,838
1.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $746,562
11.6%
Assets/Debt
Total Assets $25,232,216
Total Liabilities $11,184,590
Net Assets $14,047,626

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,713,378
Expenses
$5,138,974
Net Income
-$425,596
Net Assets
$14,162,997
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,508,080
53.2%
Program Services $2,016,472
42.8%
Investment Income $164,320
3.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $24,506
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $483,391
9.4%
Professional Fundraising Fees $0
Other Salaries and Wages $244,853
4.8%
Assets/Debt
Total Assets $23,218,685
Total Liabilities $9,055,688
Net Assets $14,162,997

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,025,140
Expenses
$3,842,396
Net Income
$182,744
Net Assets
$14,488,593
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,474,467
36.6%
Program Services $2,292,092
56.9%
Investment Income $237,252
5.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $21,329
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $434,726
11.3%
Professional Fundraising Fees $0
Other Salaries and Wages $263,532
6.9%
Assets/Debt
Total Assets $23,589,196
Total Liabilities $9,100,603
Net Assets $14,488,593

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,952,956
Expenses
$5,311,582
Net Income
-$358,626
Net Assets
$14,305,849
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,034,312
41.1%
Program Services $2,575,974
52.0%
Investment Income $215,420
4.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $127,250
2.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $421,871
7.9%
Professional Fundraising Fees $0
Other Salaries and Wages $301,152
5.7%
Assets/Debt
Total Assets $24,294,579
Total Liabilities $9,988,730
Net Assets $14,305,849

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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