2024-06-20T07:37:00-07:00 2023-12-31 464885117 Donohue Gironda & Doria 310 Broadway Bayonne NJ 07002 990 2023-01-01 223307613 HUDSON COUNTY ECONOMIC DEVELOPMENT CORP HUDS 2013694370 830 BERGEN AVENUE JERSEY CITY NJ 07306 MICHELLE RICHARDSON Executive Dir. 2024-06-20 true MICHELLE RICHARDSON 999009999 true Jason Gironda CPA P00738244 2014379000 2 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z MICHELLE RICHARDSON 830 BERGEN AVENUE JERSEY CITY NJ 07306 899344 false X WWW.HUDSONEDC.ORG X 1994 NJ NON-PROFIT ECONOMIC DEVELOPMENT CORPORATION IN HUDSON COUNTY, NEW JERSEY 10 10 3 0 648886 898648 0 81 106 985 590 649952 899344 0 0 122836 170749 0 0 416323 663404 539159 834153 110793 65191 1739771 1830811 123041 148890 1616730 1681921 X THE HUDSON COUNTY ECONOMIC DEVELOPMENT CORPORATION (HCEDC) IS A NOT-FOR-PROFIT CORPORATION WHOSE MISSION IS TO SERVE HUDSON COUNTY'S DIVERSE COMMUNITIES BY PROVIDING COMPREHENSIVE FINANCIAL ACCESS, INFORMATION, PROFESSIONAL TRAINING AND AFFORDABLE HOUSING. THE HCEDC'S VISION IS TO BUILD A HEALTHY LOCAL ECONOMY THROUGH COLLABORATIVE PARTNERSHIPS FOR BUSINESS ORGANIZATIONS AND INDIVIDUALS. false false 220698 EDUCATION (TRAINING) PROGRAM - UNDER THE EDUCATION PROGRAM THE HCEDC PROVIDES A WIDE RANGE OF TRAINING PROGRAMS THAT ARE OFFERED TO HELP LOCAL BUSINESS OWNERS AND THEIR EMPLOYEES SHARPEN SKILLS. 212020 BUSINESS LOAN PROGRAM - UNDER THE BUSINESS LOAN PROGRAM THE HCEDC WORKS WITH A TEAM OF LENDERS TO HELP LOCAL BUSINESS ACCESS THE FINANCING THEY NEED. 154520 INFORMATION (OUTREACH) PROGRAM - UNDER THE OUTREACH PROGRAM THE HCEDC PROVIDES LOCAL BUSINESSES WITH ACCESS TO VALUABLE RESOURCES. 54520 641758 true true false false false false false false false false true false false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 9 0 true 3 true false false false false false false false 0 false false false false false false false X 10 10 false false false false false false false true true false false true true true true true true false false false NJ X X THE ORGANIZATION 2013694370 830 BERGEN AVENUE JERSEY CITY NJ 07306 X KEVIN O'CONNOR President 5.00 0.00 X X 0 0 0 KENNETH O'NEILL ASST. TREASURER 5.00 0.00 X X 0 0 0 RICHARD DWYER Treasurer 5.00 0.00 X X 0 0 0 FRANCESCA GIARRATANA Trustee 2.50 0.00 X 0 0 0 ALAN LAMBIASE Vice President 5.00 0.00 X X 0 0 0 HARRY MELENDEZ Secretary 5.00 0.00 X X 0 0 0 CARLOS MEDINA Trustee 2.50 0.00 X 0 0 0 NORMAN GUERRA Trustee 2.50 0.00 X 0 0 0 LISA PRUSKO Trustee 2.50 0.00 X 0 0 0 JERMAINE ROBINSON Trustee 2.50 0.00 X 0 0 0 MICHELLE RICHARDSON Executive Dir. 35.00 0.00 X 0 0 0 0 false false false 0 712336 186312 898648 0 106 106 0 0 0 0 0 0 0 OTHER INCOME-BROWNFIELD 900099 590 590 590 899344 696 X 0 0 0 0 0 0 139026 104270 34756 0 19467 14600 4867 12256 9192 3064 0 21896 21896 22237 22237 0 0 0 415444 414518 926 31672 31672 15435 15435 87147 61877 25270 0 0 0 0 5629 5629 0 0 4114 4114 10237 10237 CATERING EVENTS 49593 49593 0 834153 641758 192395 0 0 1457286 1598205 145681 147388 25000 37500 0 0 94687 35576 0 7730 6869 22546 17273 9387 5273 0 0 0 0 0 1739771 1830811 123041 148890 123041 148890 X 100071 95424 1516659 1586497 1616730 1681921 1739771 1830811 65191 X X false true X true false X 561682 542682 600459 648886 898648 3252357 0 0 561682 542682 600459 648886 898648 3252357 0 3252357 284 246 111 81 106 828 0 3075 1945 972 985 590 7567 3260752 0.99740 0.99730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22546 17273 5273 5273 X 1129788 230444 230444 899344 899344 1064597 230444 230444 834153 834153 Part X : FIN48 Footnote The Organization is organized as a nonprofit corporation and has been recognized by the IRS as exempt from federal income taxes under IRC Section 501(c)(3). Thus, it qualifies for the charitable contribution deduction under IRC Sections 170(b)(1)(A)(vi). The Organization is annually required to file a Return of Organization Exempt from Income tax (Form 990) with the IRS. In addition, the entities are subject to income tax on net income that is derived from business activities that are unrelated to their exempt purposes. Management has determined that the Organization is not subject to unrelated business income tax and has not filed an Exempt Organization Business Income tax Return (Form 990-T) with the IRS. Form 990, Part III, Line 4d OTHER PROGRAM SERVICES 4: AFFORDABLE HOUSING PROGRAM - UNDER THE AFFORDABLE HOUSING PROGRAM THE HCEDC THROUGH PARTNERSHIPS WITH OTHER NOT-FOR-PROFIT PARTNERS, HELPS INDIVIDUALS BUILD WEALTH WHILE STRENGTHING THE LOCAL ECOMOMIES. OTHER PROGRAM SERVICES 5: SMALL BUSINESS LOAN ASSISTANCE INTEREST RELIEF - ONE TIME RELIEF PROVIDED TO SMALL BUSINESS OWNERS IMPACTED BY COVID 19 TO PROVIDE RELIEF FOR THE INTEREST PORTION OF THEIR LOANS. PROGRAM EXPENSE FOR 2020 $100,000 & 2021 $174,806. Form 990, Part VI, Section B, Line 11b THE ACCOUNTANT PROVIDED A COPY OF THE FORM 990 TO THE EXECUTIVE DIRECTOR PRIOR TO THE FILING OF FORM 990. THE EXECUTIVE DIRECTOR PROVIDED EACH PERSON WHO IS A VOTING MEMBER OF THE GOVERNING BODY WITH A COPY OF THE FORM 990, VIA ELECTRONIC CONVEYANCE, PRIOR TO THE FILING OF THE FORM 990 WITH THE IRS. Form 990, Part VI, Section B, Line 12c THE ORGANIZATION REVIEWS THE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS THROUGH A DISCUSSION DURING A BOARD MEETING. ANNUALLY, EACH TRUSTEE MUST SIGN A RECEIPT AND ACKNOWLEDGEMENT OF THE HCEDC'S CODE OF ETHICS. THIS SIGNED ACKNOWLEDGEMENT FORM IS MAINTAINED BY THE HCEDC. Form 990, Part VI, Section C, Line 18 BASED UPON A REQUEST, THE ORGANIZATION WILL PROVIDE ANY INTERESTED PARTY A COPY OF THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND/OR FINANCIAL STATEMENTS. Form 990, Part VI, Section C, Line 19 BASED UPON A REQUEST, THE ORGANIZATION WILL PROVIDE TO ANY INTERESTED PARTY A COPY OF THE FORM 1023 APPLICATION OR FORM 990. Form 990, Part XII, Line 2c THE SELECTION PROCESS OF OVERSEEING THE AUDIT OF FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT TO AUDIT THE FINANCIAL STATEMENTS IS THE SAME AS THE PRIOR YEAR.