Public Charity

HUDSON COUNTY ECONOMIC DEVELOPMENT CORP

Based in JERSEY CITY, NJ, HUDSON COUNTY ECONOMIC DEVELOPMENT CORP operates as a Public Charity. The organization reported $784K in revenue, $771K in expenses, $1.8M in total assets for fiscal year 2025. Imperigo tracks 2 reported grant relationships connected to this organization totaling approximately $125K.

EIN: 223307613 JERSEY CITY, NJ Community Coalitions NTEE: S21 Latest filing: 2025
Total Revenue$784K
Total Expenses$771K
Total Assets$1.8M
Grant Records2
Funding Total$125K
Filing Years2021–2025

Mission

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.

Where $100 goes at Hudson County Economic Development Corp

How Hudson County Economic Development Corp divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$73 Programs the work itself
$27 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 $73 for programs

$33
Business loan program
46% of program spending
$21
Education (training) program
28% of program spending
$19
Information (outreach) program
26% of program spending
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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.

Officers & Directors

Vice President Alan Lambiase
Trustee Carlos Medina
Trustee Francesca Giarratana
Secretary Harry Melendez
Trustee Jermaine Robinson
ASST. TREASURER Kenneth O'neill

Officer compensation and complete director data available with membership.

Top Grant Purposes

Unspecified
$125,000 2 grants

Financial Trends

Year Revenue Expenses Assets
2025 $784K $771K $1.8M
2024 $675K $639K $1.8M
2023 $899K $834K $1.8M
2022 $650K $539K $1.7M
2021 $602K $734K $1.5M

Between 2021 and 2025, reported annual revenue grew from $602K to $784K (+30%), with total assets most recently reported at $1.8M.

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

See the full picture for HUDSON COUNTY ECONOMIC DEVELOPMENT CORP

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