Overview
What is Eastern American Certified Development Company Inc?
Eastern American Certified Development Company Inc is a nonprofit organization dedicated to promoting economic development and fostering growth. Their primary mission involves creating or preserving job and education opportunities by stimulating the growth, expansion, and modernization of small businesses. They achieve these goals through their programs, including the 7a and other income-generating initiatives. The company's purpose is to positively impact local communities by fostering an environment of growth and development for small businesses.
Official website here: www.ea504.org
Is Eastern American Certified Development Company Inc legitimate?
Eastern American Certified Development Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eastern American Certified Development Company Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $55,113
Professional Fundraising Fees: $0
Other Salaries and Wages: $36,399
For more financial information, click here
What is the mission statement of Eastern American Certified Development Company Inc?
The Eastern American Certified Development Company Inc is dedicated to promoting economic development. Their primary goal is to create or preserve job and education opportunities while also stimulating the growth, expansion, and modernization of small businesses. This mission is accomplished through various programs, including the 7a and other income-focused initiatives. The company's purpose is to foster an environment that allows small businesses to thrive, ultimately contributing to the overall economic growth and development.
Official website here: www.ea504.org
Who is the CEO of Eastern American Certified Development Company Inc?
Kwon H Jung is the President of Eastern American Certified Development Company Inc.
Official website here: www.ea504.org
What is the revenue of Eastern American Certified Development Company Inc?
Eastern American Certified Development Company Inc's revenue in 2022 was $2,131,175.
Official website here: www.ea504.org
Who are the executives of Eastern American Certified Development Company Inc and what are their salaries?
The average compensation at Eastern American Certified Development Company Inc during 2022 was $18,302. There are 5 employees at Eastern American Certified Development Company Inc.
Here are 7 key members and their salaries:
- Kwon H Jung (President) [Trustee/Director]
- Michael Shin (Director)
- Charles Park (Director)
- Jingu Seo (Director)
- John Ha (Director)
- Ken Gilho Choi (Director)
- Alexander Kangseok Choi (Director)
Official website here: www.ea504.org
Where can I find the form 990 for Eastern American Certified Development Company Inc?
The Eastern American Certified Development Company Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.ea504.org
Learn more at the official website: www.ea504.org
Mission Statement of Eastern American Certified Development Company Inc
Eastern American Certified Development Company Inc is committed to fostering economic development and creating or preserving job and education opportunities. This nonprofit organization takes on a mission to train, stimulate growth, expansion, and modernization of small businesses. By achieving these goals, Eastern American CDC aims to contribute to the overall economic development of the community. Their programs encompass initiatives such as the 7a program, which is one of their offerings.
Impact
This information is meant to be a general summary of Eastern American Certified Development Company Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Eastern American Certified Development Company Inc's impact is significant in fostering economic development and creating job and education opportunities. By training, stimulating growth, expansion, and modernization of small businesses, this organization plays a vital role in supporting the local economy and community improvement. Through its programs such as 7a and other income, Eastern American CDC contributes to the success and sustainability of small businesses, ultimately helping to drive economic growth and prosperity in the region it serves.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEE REVENUE
Revenue
$631,173
Organization Details
Founding Year
2005
Phone
(201) 585-0136
Principal Officer
Kwon H Jung
Main Address
438 BROAD AVE, PALISADES PARK, NJ, 07650
Website
www.ea504.org
NTEE Category
Code: S43 - Community improvement
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