Overview
What is Enterprise Zone Development Corporation?
Enterprise Zone Development Corporation, based in Vineland, New Jersey, serves as a vital administrative body for the New Jersey Urban Enterprise Zone program. Their primary mission is to facilitate economic growth and development within the local business community by acting as a supportive mechanism. Located at 640 East Wood Street, this nonprofit organization works tirelessly to provide assistance to local businesses within the Urban Enterprise Zone, ultimately contributing to the region's overall prosperity.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star rating.
The Enterprise Zone Development Corporation has received a strong rating of 87%, indicating a solid level of accountability and financial health. With a perfect score of 10 out of 10 for having a majority of independent board members, the organization demonstrates transparency and governance standards that are commendable. Additionally, the absence of material diversion of assets and a comprehensive conflict of interest policy further enhance its credibility.
Financially, the organization shows a healthy program expense ratio of 78.65%, signifying that a significant portion of its funds is directed towards its programs rather than administrative costs. Furthermore, the low liabilities to assets ratio of 8.81% suggests sound financial management. However, while the organization maintains a commendable level of governance and financial responsibility, there may be areas for improvement that could enhance its overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Enterprise Zone Development Corporation legitimate?
Enterprise Zone Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Enterprise Zone Development Corporation 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.
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What is the mission statement of Enterprise Zone Development Corporation?
The Enterprise Zone Development Corporation serves a significant role as an administrative body for the New Jersey Urban Enterprise Zone program. Its mission is primarily focused on providing economic development assistance to local businesses within this program's purview. This organization acts as a mechanism to facilitate this assistance, aiming to foster growth and prosperity within the local business community.
Who is the CEO of Enterprise Zone Development Corporation?
Sandra Forosisky is the Chairman of Enterprise Zone Development Corporation.
What is the revenue of Enterprise Zone Development Corporation?
Enterprise Zone Development Corporation's revenue in 2022 was $67,015.
Who are the executives of Enterprise Zone Development Corporation and what are their salaries?
There 10 volunteers at Enterprise Zone Development Corporation.
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Where can I find the form 990 for Enterprise Zone Development Corporation?
Enterprise Zone Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Enterprise Zone Development Corporation
Enterprise Zone Development Corporation, as an administrative body, is dedicated to supporting the economic growth of local businesses within the context of New Jersey's Urban Enterprise Zone program. The organization acts as a catalyst for development, offering various assistance mechanisms to help these businesses thrive and contribute positively to their communities. By serving in this role, Enterprise Zone Development Corporation plays a significant part in fostering economic prosperity and stimulating growth within the urban areas it serves.
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Impact
August, 2024
The Enterprise Zone Development Corporation, based in Vineland, NJ, plays a crucial role in providing economic development assistance to local businesses through its administrative functions for the NJ Urban Enterprise Zone program. By offering support and resources to businesses in the area, the corporation has a direct impact on driving economic growth, creating job opportunities, and contributing to the overall improvement of the community. Through its efforts, the Enterprise Zone Development Corporation contributes significantly to the economic development and vitality of Vineland and its surrounding areas.
This information is meant to be a general summary of Enterprise Zone Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
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.
- Investment Income: $104
- Gross Receipts: $67,015
Assets and Liabilities:
- Total Assets: $20,880
- Total Liabilities: $6,380
- Net Assets: $14,500
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Organization Details
Founding Year
1999
Phone
(856) 563-0440Principal Officer
Sandra Forosisky
Main Address
640 East Wood Street, Vineland, NJ, 08360
NTEE Category
Code: S310 - Community improvement
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