Millville Development Corporation

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 12/2021, 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.

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.


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Financial Statements

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

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Millville Development Corporation has recieved totaling $5,000.

Awarding OrganizationAmount
The Rennoc Corporation Foundation Inc

Sewell, NJ

PURPOSE: FARMERS MARKET/COMMUNITY ANDECONOMIC REVITILIZATION

$5,000
View Grant Recipient Profile

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