Public Charity

EASTERN AMERICAN ECONOMIC DEVELOPMENT CORPORATION

EASTERN AMERICAN ECONOMIC DEVELOPMENT CORPORATION is a Public Charity headquartered in PALISADES PARK, NJ. Financial data from the 2024 filing: $407K revenue, $560K expenses, $1.1M total assets.

EIN: 204647454 PALISADES PARK, NJ Small Business Development NTEE: S43 Latest filing: 2024
Total Revenue$407K
Total Expenses$560K
Total Assets$1.1M
Grant Records0
Filing Years2020–2024

Mission

THE SPECIFIC PURPOSE OF THIS CORPORATION SHALL BE TO FOSTER ECONOMIC DEVELOPMENT, CREATE OR PRESERVE JOB AND EDUCATION OPPORTUNITIES, TRAIN, STIMULATE GROWTH, EXPANSION AND MODERNIZATIN OF SMALL BUSINESSES.

Officers & Directors

DIRECTOR/SEC Alexander Kangseok Choi
DIRECTOR Charles Park
DIRECTOR Ken Gilho Choi
PRESIDENT Kwon H Jung
DIRECTOR Soo Jin Jung

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $407K $560K $1.1M
2023 $1.3M $828K $1.6M
2022 $2.1M $541K $1.9M
2021 $558K $541K $364K
2020 $696K $259K $367K

Between 2020 and 2024, reported annual revenue declined from $696K to $407K (-42%), with total assets most recently reported at $1.1M.

Interactive year-over-year charts and full filing details available with membership.

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