Overview
What is Hudson County Economic Development Corp?
Hudson County Economic Development Corp, situated in Jersey City, New Jersey, is a not-for-profit organization dedicated to serving the diverse communities of Hudson County. Their mission encompasses providing comprehensive financial assistance, information, professional training, and affordable housing. Through collaborative partnerships, they aim to foster a robust local economy. Under their Business Loan Program, they work alongside a team of lenders to assist local businesses in obtaining the financing they require. With a team of three dedicated individuals, Hudson County Economic Development Corp is committed to enhancing the economic growth and prosperity of its communities.
Official website here: www.hudsonedc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
The Hudson County Economic Development Corp has achieved an impressive Four-Star rating from Charity Navigator, reflecting its high level of accountability and finance management. The rating is based solely on a 100% Accountability & Finance beacon score, indicating that the organization adheres to strong financial practices and transparency measures, which is essential for nonprofit credibility.
Strengths highlighted include a fully independent board comprised of 10 members and robust financial oversight, with no material diversion of assets reported. The organization has also implemented effective governance policies, such as conflict of interest and whistleblower policies, which further enhance its operational integrity. With a program expense ratio of 72.73%, it shows a commitment to directing funds towards its mission rather than administrative costs.
While the organization demonstrates solid financial health with a liabilities to assets ratio of only 8.13%, it’s important for donors to remain aware of ongoing performance metrics and community impact. Overall, the Hudson County Economic Development Corp stands out for its transparency and effective governance, making it a trustworthy option for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Hudson County Economic Development Corp legitimate?
Hudson County Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hudson County Economic Development Corp 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $101,702
For more financial information, click here
Official website here: www.hudsonedc.org
What is the mission statement of Hudson County Economic Development Corp?
The Hudson County Economic Development Corporation (HCEDC) is a not-for-profit organization with a mission to serve diverse communities. Its objective is to provide comprehensive financial access, essential information, professional training, and affordable housing. The HCEDC strives to build a robust local economy through collaborative partnerships with businesses and individuals. Its vision is to foster a healthy economic environment, promoting growth and development for all.
Official website here: www.hudsonedc.org
Who is the CEO of Hudson County Economic Development Corp?
Kevin O'Connor is the President of Hudson County Economic Development Corp.
Official website here: www.hudsonedc.org
What is the revenue of Hudson County Economic Development Corp?
Hudson County Economic Development Corp's revenue in 2022 was $649,952.
Official website here: www.hudsonedc.org
Who are the executives of Hudson County Economic Development Corp and what are their salaries?
The average compensation at Hudson County Economic Development Corp during 2022 was $33,901. There are 3 employees at Hudson County Economic Development Corp.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.hudsonedc.org
Where can I find the form 990 for Hudson County Economic Development Corp?
Hudson County Economic Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hudsonedc.org
Learn more at the official website: www.hudsonedc.org
Mission Statement of Hudson County Economic Development Corp
The Hudson County Economic Development Corporation (HCEDC) is a not-for-profit organization with a mission to serve the diverse communities of Hudson County, New Jersey. Their primary objective is to provide comprehensive financial access, essential information, professional training, and affordable housing to the local population. The HCEDC's vision is to foster a robust local economy by establishing collaborative partnerships with various business organizations and individuals. Their ultimate goal is to build a thriving community where everyone has equal opportunities for economic growth and improvement.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The Hudson County Economic Development Corp plays a pivotal role in fostering economic growth and development in Hudson County, New Jersey. Through its comprehensive financial access, information services, professional training, and affordable housing initiatives, the HCEDC is dedicated to serving the diverse communities of the region. By offering business loan programs and collaborating with lenders, the organization helps local businesses access the necessary financing to thrive and contribute to a healthy local economy. This proactive approach sets the stage for collaborative partnerships that benefit both business organizations and individuals, ultimately leading to community improvement.
This information is meant to be a general summary of Hudson County Economic Development Corp. 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: $81
- Gross Receipts: $649,952
Assets and Liabilities:
- Total Assets: $1,739,771
- Total Liabilities: $123,041
- Net Assets: $1,616,730
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1994
Phone
(201) 369-4370Principal Officer
Kevin O'Connor
Main Address
830 BERGEN AVENUE, JERSEY CITY, NJ, 07306
Website
www.hudsonedc.orgNTEE Category
Code: S21Z - Community improvement
If you are a representative of Hudson County Economic Development Corp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.