Nonprofit · EIN 36-4808322
ATLANTIC CITY DEVELOPMENT CORPORATION
Tax-exempt · NEW BRUNSWICK, NJ 08901
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $1,160,125 | $1,764,034 | -$603,909 | $10,271,431 | $1,434,032 | $8,837,399 |
| December 31, 2023 | 990-PF | $1,351,316 | $1,892,880 | -$541,564 | $10,224,595 | $783,287 | $9,441,308 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $945,269
- Other income
- $214,856
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $1,652,255
- Excise tax on investment income
- $2,986
Balance sheet and other
- Total assets, start of year
- $10,224,595
- Total assets, end of year
- $10,271,431
- Total liabilities, end of year
- $1,434,032
- Net assets, end of year
- $8,837,399
- Fair market value of assets
- $10,268,343
- Qualifying distributions
- $1,652,255
- Net investment income
- $214,856
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JON F HANSON 120 Albany Street 7th Floor, New Brunswick, NJ 08901 | CHAIRMAN | 1 | $0 |
| FRANCIS X WENTWORTH JR 120 Albany Street 7th Floor, New Brunswick, NJ 08901 | Vice Chairman | 1 | $0 |
| ROBERT HOLMES 120 Albany Street 7th Floor, New Brunswick, NJ 08901 | SECRETARY | 1 | $0 |
| CHRISTOPHER J PALADINO 120 Albany Street 7th Floor, New Brunswick, NJ 08901 | PRESIDENT | 1 | $0 |
| Monica Padovano Casiello 120 Albany Street 7th Floor, New Brunswick, NJ 08901 | BOARD MEMBER | 1 | $0 |
| Sarah Clarke 120 Albany Street 7th Floor, New Brunswick, NJ 08901 | Assistant Secretary | 1 | $0 |
| Merissa Buczyn 120 Albany Street 7th Floor, New Brunswick, NJ 08901 | Assistant Secretary | 1 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JON F HANSON PO Box 8200, Atlantic City, NJ 08404 | CHAIRMAN | 1 | $0 |
| FRANCIS X WENTWORTH JR PO Box 8200, Atlantic City, NJ 08404 | TREASURER | 1 | $0 |
| ROBERT HOLMES PO Box 8200, Atlantic City, NJ 08404 | SECRETARY | 1 | $0 |
| CHRISTOPHER J PALADINO PO Box 8200, Atlantic City, NJ 08404 | PRESIDENT | 1 | $0 |
| Monica Padovano Casiello PO Box 8200, Atlantic City, NJ 08404 | BOARD MEMBER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 120 ALBANY STREET 7TH FLOOR, NEW BRUNSWICK, NJ 08901-2163
- In care of
- % GLEN SOFO
- Signed the 990-PF
- CHRISTOPHER PALADINO, PRESIDENT
- Phone
- (732) 249-2220
- Website
- www.acdevco.org
- Return prepared by
- WithumSmithBrown PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 36-4808322
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $10,271,431
- Income (IRS master file)
- $1,160,125
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $1,160,125 | $1,764,034 | $10,271,431 | XML |
| 990-PF | December 2023 | $1,351,316 | $1,892,880 | $10,224,595 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-4808322).
Questions about ATLANTIC CITY DEVELOPMENT CORPORATION
- What is the EIN of ATLANTIC CITY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of ATLANTIC CITY DEVELOPMENT CORPORATION is 36-4808322.
- Is ATLANTIC CITY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to ATLANTIC CITY DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does ATLANTIC CITY DEVELOPMENT CORPORATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of ATLANTIC CITY DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ATLANTIC CITY DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of ATLANTIC CITY DEVELOPMENT CORPORATION?
- The 990-PF for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does ATLANTIC CITY DEVELOPMENT CORPORATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,160,125, expenses of $1,764,034 and total assets of $10,271,431 at year end.
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