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 12/2021, 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 12/2021, Millville Development Corp generated $147.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $112.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 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
2021
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Marianne Lods Executive Director | 35 | $54,708 | |
Maryann Cannon Vice Chairperson | 0 | $0 | |
Dr Kim Ayres Secretary | 0 | $0 | |
Suzanne Olah Member | 0 | $0 | |
Samantha Silvers Member | 0 | $0 | |
Duane Lewis Member | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $151,464 |
Total Program Service Revenue | $4,720 |
Membership dues | $0 |
Investment income | $350 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | -$9,239 |
Other Revenue | $0 |
Total Revenue | $147,295 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $68,643 |
Professional fees and other payments to independent contractors | $4,205 |
Occupancy, rent, utilities, and maintenance | $3,910 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $26,200 |
Total expenses | $112,827 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $94,164 |
Other assets | $0 |
Total assets | $110,470 |
Total liabilities | $4,691 |
Net assets or fund balances | $105,779 |
Over the last fiscal year, we have identified 1 grants that Millville Development Corporation has recieved totaling $5,000.
Awarding Organization | Amount |
---|---|
The Rennoc Corporation Foundation Inc Sewell, NJ PURPOSE: FARMERS MARKET/COMMUNITY ANDECONOMIC REVITILIZATION | $5,000 |
Organization Name | Assets | Revenue |
---|---|---|
43north Bpc Inc Buffalo, NY | $13,425,800 | $3,001,464 |
Grameen America Inc Jackson Heights, NY | $237,127,552 | $50,248,348 |
Harristown Development Corporation Harrisburg, PA | $29,766,695 | $19,028,512 |
Greater Jamaica Development Corp Jamaica, NY | $43,416,674 | $8,397,998 |
South Bronx Overall Economic Development Corporation Bronx, NY | $11,273,834 | $9,485,057 |
National Basketball Association Foundation New York, NY | $26,984,536 | $31,000,000 |
Newark Downtown District Management Corporation Newark, NJ | $7,203,712 | $5,205,083 |
Rdc Commercial Center Inc Brooklyn, NY | $15,313,985 | $4,091,889 |
Pittsburgh Downtown Partnership Pittsburgh, PA | $5,197,454 | $6,457,703 |
Grow America Fund Inc Brooklyn, NY | $143,748,091 | $12,181,976 |
Upper Manhattan Empowerment Zone Development Corporation New York, NY | $90,632,786 | $3,433,188 |
Enterprise Center Philadelphia, PA | $14,775,584 | $14,297,548 |