Cumberland Development Corporation
- Assets
- $22.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bridgeton, NJ
- Founding
- 06/1996
- Data as of
- 12/2021
- EIN
- 22-3415196
Organization Overview
Cumberland Development Corporation is located in Bridgeton, NJ. The organization was established in 1996. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cumberland Development Corporation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Cumberland Development Corporation generated $113.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $124.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.3%) 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 Program Activity:
Part 3
PROMOTED, ENCOURAGED, AND ASSISTED IN MAXIMIZING THE ECONOMIC DEVELOPMENT POTENTIAL OF MEMBER MUNICIPALITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Stanzione Executive Director | 45 | $72,350 | |
Abigail O'brien Chairperson | 1 | $0 | |
Michael Vizzard Vice Chairperson | 1 | $0 | |
James Crilley Secretary | 1 | $0 | |
Elmer Bowman Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,000 |
| Total Program Service Revenue | $109,010 |
| Membership dues | $0 |
| Investment income | $14 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $113,024 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $78,191 |
| Professional fees and other payments to independent contractors | $3,365 |
| Occupancy, rent, utilities, and maintenance | $7,378 |
| Printing, publications, postage, and shipping | $2,874 |
| Other expenses | $32,336 |
| Total expenses | $124,144 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $22,851 |
| Other assets | $0 |
| Total assets | $22,851 |
| Total liabilities | $2,947 |
| Net assets or fund balances | $19,904 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Urban Affairs Coalition Philadelphia, PA | $25,704,306 | $97,554,481 |
Brooklyn Navy Yard Development Corporation Brooklyn, NY | $543,633,704 | $68,378,369 |
Cent For Urban Community Svcs New York, NY | $78,734,129 | $72,768,234 |
The Community Preservation Corporation New York, NY | $1,407,109,282 | $65,839,600 |
Westchester Community Opportunity Program Inc Elmsford, NY | $7,932,264 | $37,716,573 |
Reinvestment Fund Inc Philadelphia, PA | $609,259,384 | $44,624,452 |
St Nicks Alliance Corp Brooklyn, NY | $44,353,994 | $35,596,992 |
National Council For Community Development Inc Brooklyn, NY | $24,193,687 | $38,165,020 |
The Community Action Organization Of Western New York Inc Buffalo, NY | $11,956,609 | $31,001,421 |
The Mayors Fund To Advance New York City New York, NY | $28,518,749 | $18,611,480 |
Hopes Community Action Partnership Incorporated Hoboken, NJ | $25,058,059 | $24,208,629 |
Blueprints Washington, PA | $9,542,152 | $23,150,876 |