ATLANTIC CITY DEVELOPMENT CORPORATION

ATLANTIC CITY, NJ | Atlantic County
Economic Development
ATLANTIC CITY DEVELOPMENT CORPORATION
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As of , this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification:

Overview

ATLANTIC CITY DEVELOPMENT CORPORATION
36-4808322
17 GORDONS ALLEY SUITE 300
ATLANTIC CITY, NJ 08401
Atlantic County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Economic Development
Nonprofit location info
  • LMI Census Tract
  • Majority Minority Census Tract
  • Opportunity Zone
Awards & Certifications info
  • This nonprofit has not received any CRA awards or certifications.
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
S30

S - Community Improvement, Capacity Building

Economic Development

Organizations whose primary purpose is to stimulate the economy, expand employment opportunities, encourage the establishment and growth of commerce and industry and otherwise enhance the economic development of the community.

IRS Activity Codes info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
813410
Civic and Social Organizations

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$267K
Revenue
$267K
Assets
$9.1M
Exempt Ruling Date info
2015-12
Deductibility Status info
Deductible
Last Tax Filing info
2019
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
NJ
Basis for Foundation/Public Charity Status info
Organization normally receives no more than one-third of support from gross investment and unrelated business income and at same time more than one-third of its support from contributions, fees and gross receipts related to exempt purposes 509(a)(2)

Nonprofit Location

Physical Address info
17 GORDONS ALLEY SUITE 300
ATLANTIC CITY, NJ 08401
Atlantic County
FIPS Geocoded Address info
12100
MSA/CBSA info
34
State info
001
County info
0024.00
Tract info
Low
Income Level info
Core-Based Statistical Area info
Atlantic City-Hammonton, NJ
Combined Statistical Area info
Philadelphia-Reading-Camden, PA-NJ-DE-MD
Metropolitan Division info
Not located in an MD.
Area Type info
Metropolitan Statistical Area
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 70.53%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
0024.00 Atlantic County
Population
Total Population 2,423 266,105
Total Households 1,157 99,850
Income
Median Family Income (Census*) $19,970 $62,110
Median Family Income (2019 FFIEC) $76,900 N/A
Tract Income Percentage 30.01% N/A
Below Poverty Level 49.2% 13.3%
Unemployment Level 10.4% 8.4%
Housing
Total Housing Units 1,568 128,251
Total Owner-Occupied Units 4.5% 67.1%
Total Renter-Occupied Units 69.3% 32.9%
Total Vacant Units 26.2% 10.1%
* Census tract income based on 2019 Census estimated data; County income based on 2019 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

4
Total Voting Members
in Governing Body info
3
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
Christopher Paladino
President
(609) 994-5110
Principal Officer info
Christopher Paladino
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.