Mission
PROMOTE & DEVELOP ECONOMIC GROWTH IN NEW JERSEY BY PROVIDING FINANCIAL AND TECHNICAL ASSISTANCE TO SMALL BUSINESSES.
Public Charity
UNION COUNTY ECONOMIC DEVELOPMENT CORP
Based in CRANFORD, NJ, UNION COUNTY ECONOMIC DEVELOPMENT CORP operates as a Public Charity. The organization reported $4.1M in revenue, $3.9M in expenses, $26.4M in total assets for fiscal year 2025. Imperigo tracks 7 reported grant relationships connected to this organization totaling approximately $167K.
EIN: 222155884
CRANFORD, NJ
Urban & Community Economic Development
NTEE: S31
Latest filing: 2025
Total Revenue$4.1M
Total Expenses$3.9M
Total Assets$26.4M
Grant Records7
Funding Total$167K
Filing Years2021–2025
Where $100 goes at Union County Economic Development Corp
How Union County Economic Development Corp divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$78
Programs
the work itself
$22
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $78 for programs
$57
Financial assistance program:ucedc's microloan program provides both start-up and existing businesses with an opportunity to borrow money for a variety of reasons, including purchasing equipment, fixtures or inventory…
$21
Technical assistance program
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
GENERAL SUPPORT
$25,000
EDUCATION
$25,000
GENERAL SUPPORT
$50,000
UNRESTRICTED GRANT TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE
$12,082
SMALL DOLLAR LENDING
$11,786
Showing up to 5 of 7 total records — full history available with membership.
Officers & Directors
PRESIDENT
Adam Farrah
TRUSTEE
Daniel Letendre
DIRECTOR OF PORTFOLIO MANAGEMENT
Diana Henriquez
TRUSTEE
Dragana Jovanovic
TRUSTEE
Dr Elaine M Sanders
VICE-PRESIDENT LENDING
Elizabeth Williams
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $4.1M | $3.9M | $26.4M |
| 2024 | $4.2M | $4.2M | $26.8M |
| 2023 | $4.8M | $3.8M | $26.7M |
| 2022 | $5.3M | $3.5M | $24.4M |
| 2021 | $5.8M | $2.9M | $23.9M |
Between 2021 and 2025, reported annual revenue declined from $5.8M to $4.1M (-30%), with total assets most recently reported at $26.4M.
Interactive year-over-year charts and full filing details available with membership.