Elizabeth Development Company Of New Jersey
Elizabeth Development Company: Declining Revenue, Stable Assets, and High Liabilities
EIN: 222164287 · Elizabeth, NJ · NTEE: S300 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $2.3M |
| Program Spending | 70% |
| Net Assets | $15.0M |
| Transparency Score | 65/100 |
Is Elizabeth Development Company Of New Jersey Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Elizabeth Development Company Of New Jersey directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Elizabeth Development Company Of New Jersey
Elizabeth Development Company Of New Jersey (EIN: 222164287) is a nonprofit organization based in Elizabeth, NJ, classified under NTEE code S300. The organization reported total revenue of $1.2M and total assets of $20.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elizabeth Development Company Of New Jersey's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elizabeth Development Company Of New Jersey is a mid-size nonprofit that has been operating for 39 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $2.3M |
| Surplus / Deficit | $-208,886 |
| Total Assets | $20.2M |
| Total Liabilities | $5.2M |
| Net Assets | $15.0M |
| Operating Margin | -9.9% |
| Debt-to-Asset Ratio | 25.7% |
| Months of Reserves | 104.6 months |
Financial Health Grade: B
In 2023, Elizabeth Development Company Of New Jersey reported a deficit of $209K with expenses exceeding revenue, holds 104.6 months of operating reserves (strong position), has a debt-to-asset ratio of 25.7% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Elizabeth Development Company Of New Jersey's revenue has declined at a compound annual growth rate (CAGR) of -7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.5% | -36.7% | +0.0% |
| 2022 | -54.5% | -42.4% | +1.4% |
| 2021 | +192.4% | +285.0% | -2.8% |
| 2020 | -29.9% | -44.6% | -1.5% |
| 2019 | -51.8% | +5.0% | +1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Elizabeth Development Company Of New Jersey with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Elizabeth Development Company Of New Jersey allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $209K, with expenses exceeding revenue.
- Debt-to-asset ratio: 25.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting either a volunteer-led executive team or that compensation is embedded within other expense categories without specific disclosure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Elizabeth Development Company Of New Jersey's IRS 990 filings:
- Significant and consistent decline in revenue over the past three years, from $5,978,138 in 2021 to $1,192,954 in 2023, raising questions about sustainability.
- High liabilities relative to revenue, with $5,193,864 in liabilities in 2023 compared to $1,192,954 in revenue.
- The consistent reporting of 0% for compensation across all filings could indicate a lack of transparency regarding executive and key employee compensation.
Strengths
The following positive indicators were identified for Elizabeth Development Company Of New Jersey:
- Maintained substantial total assets, with $20,778,316 in 2023, indicating a strong asset base despite revenue fluctuations.
- The organization has a long operating history, suggesting established community presence and experience.
Frequently Asked Questions about Elizabeth Development Company Of New Jersey
Is Elizabeth Development Company Of New Jersey a legitimate charity?
Based on AI analysis of IRS 990 filings, Elizabeth Development Company Of New Jersey (EIN: 222164287) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Elizabeth Development Company Of New Jersey spend its money?
Elizabeth Development Company Of New Jersey directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Elizabeth Development Company Of New Jersey tax-deductible?
Elizabeth Development Company Of New Jersey is registered as a tax-exempt nonprofit (EIN: 222164287). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Elizabeth Development Company Of New Jersey's spending goes to programs?
Elizabeth Development Company Of New Jersey directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Elizabeth Development Company Of New Jersey compare to similar nonprofits?
With a transparency score of 65/100 (Good), Elizabeth Development Company Of New Jersey is above average for NTEE category S300 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Elizabeth Development Company Of New Jersey located?
Elizabeth Development Company Of New Jersey is headquartered in Elizabeth, New Jersey and files with the IRS under EIN 222164287. It is classified under NTEE code S300.
How many years of IRS 990 filings does Elizabeth Development Company Of New Jersey have?
Elizabeth Development Company Of New Jersey has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.2M in total revenue.
What does Elizabeth Development Company Of New Jersey do?
Elizabeth Development Company Of New Jersey is a nonprofit organization in the Community Improvement sector, located in Elizabeth, New Jersey. It is classified under NTEE code S300.
How much revenue does Elizabeth Development Company Of New Jersey have?
Elizabeth Development Company Of New Jersey reported total revenue of $1,192,954. Based on 12 IRS 990 filings on record.
What are Elizabeth Development Company Of New Jersey's total assets?
Elizabeth Development Company Of New Jersey holds total assets of $20,778,316 as reported in IRS 990 filings.
Where is Elizabeth Development Company Of New Jersey located?
Elizabeth Development Company Of New Jersey is based in Elizabeth, New Jersey.
What is Elizabeth Development Company Of New Jersey's EIN?
Elizabeth Development Company Of New Jersey's Employer Identification Number (EIN) is 222164287. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Elizabeth Development Company Of New Jersey?
Elizabeth Development Company Of New Jersey is classified under NTEE code S300 (Community Improvement).
Is Elizabeth Development Company Of New Jersey a registered 501(c)(3)?
Yes, Elizabeth Development Company Of New Jersey is recognized as a tax-exempt organization by the IRS. EIN: 222164287.
Does Elizabeth Development Company Of New Jersey file IRS Form 990?
Yes, Elizabeth Development Company Of New Jersey has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Elizabeth Development Company Of New Jersey's revenue in 2023?
In the 202306 filing period, Elizabeth Development Company Of New Jersey reported total revenue of $2,107,811, total expenses of $2,316,697, and net assets of $20,201,600.
Is Elizabeth Development Company Of New Jersey's revenue growing or declining?
Elizabeth Development Company Of New Jersey's revenue is declining. Revenue went from $2,720,829 (202206) to $2,107,811 (202306), a -22.5% change. Based on 12 filings on record.
What is Elizabeth Development Company Of New Jersey's most recent 990 filing?
The most recent IRS Form 990 filing for Elizabeth Development Company Of New Jersey covers tax period 202306. It shows revenue of $2,107,811, expenses of $2,316,697, total assets of $20,201,600, and liabilities of $5,193,864.
How much does Elizabeth Development Company Of New Jersey spend on programs vs administration?
Based on IRS 990 analysis, Elizabeth Development Company Of New Jersey allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Elizabeth Development Company Of New Jersey a trustworthy charity?
Based on AI analysis of IRS 990 data, Elizabeth Development Company Of New Jersey shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Elizabeth Development Company Of New Jersey?
The following concerns were identified: Significant and consistent decline in revenue over the past three years, from $5,978,138 in 2021 to $1,192,954 in 2023, raising questions about sustainability.. High liabilities relative to revenue, with $5,193,864 in liabilities in 2023 compared to $1,192,954 in revenue.. The consistent reporting of 0% for compensation across all filings could indicate a lack of transparency regarding executive and key employee compensation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Elizabeth Development Company Of New Jersey's strengths?
Positive indicators for Elizabeth Development Company Of New Jersey include: Maintained substantial total assets, with $20,778,316 in 2023, indicating a strong asset base despite revenue fluctuations.. The organization has a long operating history, suggesting established community presence and experience.. These findings are derived from AI analysis of the organization's financial filings.
How does Elizabeth Development Company Of New Jersey compensate executives?
Executive compensation is reported as 0% across all available filings, suggesting either a volunteer-led executive team or that compensation is embedded within other expense categories without specific disclosure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% compensation, how does the organization attract and retain leadership, and where are these costs accounted for if not under a specific compensation line item?
The consistent 0% compensation suggests either a fully volunteer-run executive team or that compensation is categorized under other operational expenses, which could obscure the true cost of leadership and potentially impact financial transparency.
What specific strategies are being implemented to address the significant and sustained decline in revenue, and how will these impact future program delivery and financial stability?
The sharp drop in revenue from $5,978,138 in 2021 to $1,192,954 in 2023 indicates a need for a robust revenue generation strategy. Without this, the organization's ability to fund its programs and maintain its asset base could be jeopardized.
Filing History
IRS 990 filing history for Elizabeth Development Company Of New Jersey showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Elizabeth Development Company Of New Jersey's revenue has declined by 57.4%, moving from $5.0M to $2.1M. Total assets decreased by 16.8% over the same period, from $24.3M to $20.2M. Total functional expenses fell by 56.4%, from $5.3M to $2.3M. In its most recent filing year (2023), Elizabeth Development Company Of New Jersey reported a deficit of $209K, with expenses exceeding revenue. The organization holds $5.2M in liabilities against $20.2M in assets (debt-to-asset ratio: 25.7%), resulting in net assets of $15.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $2.3M | $20.2M | $5.2M | — | — |
| 2022 | $2.7M | $3.7M | $20.2M | $5.0M | — | View 990 |
| 2021 | $6.0M | $6.4M | $19.9M | $3.8M | — | — |
| 2020 | $2.0M | $1.7M | $20.5M | $3.7M | — | View 990 |
| 2019 | $2.9M | $3.0M | $20.8M | $3.7M | — | View 990 |
| 2018 | $6.1M | $2.8M | $20.5M | $3.3M | — | View 990 |
| 2017 | $3.5M | $3.6M | $24.7M | $10.7M | — | View 990 |
| 2016 | $3.4M | $3.4M | $24.9M | $10.9M | — | View 990 |
| 2015 | $6.2M | $6.4M | $25.2M | $11.2M | — | View 990 |
| 2014 | $4.7M | $5.1M | $23.2M | $9.1M | — | View 990 |
| 2013 | $4.0M | $3.8M | $23.6M | $9.1M | — | View 990 |
| 2012 | $5.0M | $5.3M | $24.3M | $10.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $2.3M, and assets of $20.2M (revenue -22.5% year-over-year).
- 2022: Revenue of $2.7M, expenses of $3.7M, and assets of $20.2M (revenue -54.5% year-over-year).
- 2021: Revenue of $6.0M, expenses of $6.4M, and assets of $19.9M (revenue +192.4% year-over-year).
- 2020: Revenue of $2.0M, expenses of $1.7M, and assets of $20.5M (revenue -29.9% year-over-year).
- 2019: Revenue of $2.9M, expenses of $3.0M, and assets of $20.8M (revenue -51.8% year-over-year).
- 2018: Revenue of $6.1M, expenses of $2.8M, and assets of $20.5M (revenue +72.4% year-over-year).
- 2017: Revenue of $3.5M, expenses of $3.6M, and assets of $24.7M (revenue +2.9% year-over-year).
- 2016: Revenue of $3.4M, expenses of $3.4M, and assets of $24.9M (revenue -44.6% year-over-year).
- 2015: Revenue of $6.2M, expenses of $6.4M, and assets of $25.2M (revenue +30.5% year-over-year).
- 2014: Revenue of $4.7M, expenses of $5.1M, and assets of $23.2M (revenue +17.1% year-over-year).
- 2013: Revenue of $4.0M, expenses of $3.8M, and assets of $23.6M (revenue -18.7% year-over-year).
- 2012: Revenue of $5.0M, expenses of $5.3M, and assets of $24.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Elizabeth Development Company Of New Jersey:
Data Sources and Methodology
This transparency report for Elizabeth Development Company Of New Jersey is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.