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Filing year 2024

Chelsea Economic Development Corporation

Atlantic City, New Jersey·EIN 84-4798843·NTEE S20 · Community Improvement & Capacity Building·3
Total revenue
$1M
Total assets
$420k
Total expenses
$985k
Reported officers
16
Mission

The Chelsea Economic Development Corporation [Chelsea EDC / CEDC] is partnering with residents, businesses and community organizations to activate projects which expand economic opportunity and improve the quality of life in the Chelsea Neighborhood of Atlantic City. The projects leverage the diversity and determination of the people; the neighborhood's beautiful natural assets such as the beach; the numerous and iconic business districts; and the stability and commitment of the anchor institutions and businesses organizations to build on what is a great neighborhood.

Reported officers (all unpaid)

No paid executives reported in 2024. Chelsea Economic Development Corporation reported 16 unpaid officers and board members on its 990.

President
Board President
Board Vice President
Treasurer
Secretary
Member
Member
Member
Member
Member
Member
Member
Member
Member
Member
Member
Financial trend

Revenue and expenses over time

Chelsea Economic Development Corporation reported revenue and expenses across 2 filing years.

RevenueExpenses
$772k
$756k
2023
$1M
$985k
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Community Improvement & Capacity Building executives earn in New Jersey

Chelsea Economic Development Corporation reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable community improvement & capacity building organization in New Jersey earns a median of $72,716.

25th percentile
$34k
Median
$72,716
75th percentile
$165k
90th percentile
$311k

These are community improvement & capacity building sector-wide figures, not this organization's reported pay. Based on 58 organizations across 58 filings (2021 – 2023).

See full Community Improvement & Capacity Building pay data for New Jersey
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