Downtown Clifton Economic Development Group Inc
- Assets
- $56.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Clifton, NJ
- Founding
- 11/2000
- Data as of
- 12/2021
- EIN
- 22-3607363
Organization Overview
Downtown Clifton Economic Development Group Inc is located in Clifton, NJ. The organization was established in 2000. According to its NTEE Classification (S30) the organization is classified as: Economic 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. Downtown Clifton Economic Development Group Inc 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, Downtown Clifton Economic Development Group Inc generated $112.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $112.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) 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
TO FOSTER THE PHYSICAL RENEWAL AND ECONOMIC DEVELOPMENT OF CLIFTONS DOWNTOWN DISTRICT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Montague Executive Director | 40 | $46,818 | |
Adriana Blauvelt Executive Member | 1 | $0 | |
John Degraaf Treasurer | 1 | $0 | |
Tatiana Lopez Trustee | 1 | $0 | |
Michael J Andalaft Executive Member | 1 | $0 | |
Patrick Delora Jr Vice-Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $112,400 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $53 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $48 |
| Total Revenue | $112,501 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $50,436 |
| Professional fees and other payments to independent contractors | $4,995 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $55 |
| Other expenses | $56,955 |
| Total expenses | $112,441 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $55,992 |
| Other assets | $0 |
| Total assets | $56,442 |
| Total liabilities | $0 |
| Net assets or fund balances | $56,442 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pidc-Developement Management Corporation Philadelphia, PA | $0 | $30,722,052 |
Delaware River Waterfront Corporation Philadelphia, PA | $26,551,411 | $24,883,136 |
T R W I B Inc Pittsburgh, PA | $14,392,055 | $22,959,509 |
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Insitech Inc Warren, NJ | $450,270 | $14,466,949 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |
Delaware County Economic Development Oversight Board Media, PA | $2,255,958 | $10,697,300 |
Riverfront Development Corporation Of Delaware Wilmington, DE | $140,150,021 | $1,670,893 |
Alleghenies Planning And Development Commission Altoona, PA | $25,721,818 | $9,986,298 |
Sports Fans Coalition Ny Inc Ronkonkoma, NY | $633,460 | $8,459,536 |
Greater Philadelphia Tourism Marketing Corporation Philadelphia, PA | $11,403,385 | $8,019,397 |
Choose New Jersey Inc Newark, NJ | $7,145,867 | $9,053,939 |