Millville Development Corporation
- Assets
- $106.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 11
- Location
- Millville, NJ
- Founding
- 09/1995
- Data as of
- 12/2023
- EIN
- 22-3304583
Organization Overview
Millville Development Corporation, operating under the name Millville Development Corp, is located in Millville, NJ. The organization was established in 1995. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Millville Development Corp employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Millville Development Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Millville Development Corp generated $123.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $126.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF THE MILLVILLE, NJ DOWNTOWN AREA, AND TO ATTACT NEW BUSENESS TO THAT AREA.
Describe the Organization's Program Activity:
Part 3
REDEVELOPMENT AND ATTRACTION OF NEW BUSINESS TO THE MILLVILLE, NJ DOWNTOWN AREA.
PROMOTION OF THE MILLVILLE, NJ DOWNTOWN AREA, AND ATTACT NEW BUSINESS TO THAT AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marianne Lods Executive Director | 35 | $61,886 | |
Allison Corson Board Chair | 0 | $0 | |
Maryann Cannon Board Vice Chair | 0 | $0 | |
Kim Ayres Board Treasurer | 0 | $0 | |
Jackie Sandro-Greenwell Board Secretary | 0 | $0 | |
Kim Barfield Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $118,300 |
| Total Program Service Revenue | $5,098 |
| Membership dues | $0 |
| Investment income | $1,284 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$916 |
| Other Revenue | $0 |
| Total Revenue | $123,766 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $77,568 |
| Professional fees and other payments to independent contractors | $21,950 |
| Occupancy, rent, utilities, and maintenance | $5,740 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $21,450 |
| Total expenses | $126,708 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $90,072 |
| Other assets | $0 |
| Total assets | $105,961 |
| Total liabilities | $2,685 |
| Net assets or fund balances | $103,276 |