Hamilton Township Economic Development

Nonprofit profile at a glance

EIN
223357345
IRS 990-EZ coverage
2013–2024
Forms available
Form 990-EZ 2024
Location
Hamilton, NJ, USA
Phone
6096899700
Rating confidence
Limited

Official website

Reported finances

Revenue
$87,830
Expenses
$89,709
Assets
$81,357
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • RACHEL HOLLAND (EXECUTIVE DIRECTOR)

People named in this filing

  • RACHEL HOLLAND (EXECUTIVE DIRECTOR)
  • JEANNINE CIMINO (CHAIRMAN)
  • FRANK J LUCCHESI (VICE CHAIRMAN)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Promote the economy of hamilton township.

What it reported doing in 2024

The objectives of htedc derives from the view that the social and civic welfare of the citizens of hamilton township (township) will be advanced by actively promoting and assisting the growth, development and redevelopment, of business and commerce in the community. The htedc, as part of its mission, will focus public and private attention on a broad spectrum of township community needs and problems. The htedc is intended as a public-private partnership and venture in the truest sense where local government and the business leadership can contribute their experience and work together in a single organization to carry out programs designed to aid, abet or undertake needed industrial, commercial and economic development projects within the corporate limits of the municipality.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 82
  • Sustainability: 46
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -2.1%; rating input score 40; 40th percentile among comparable filings
  • Total-asset coverage ratio: 0.91; rating input score 44; 44th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 2.9% per year; rating input score 100; 64th percentile among comparable filings
  • Asset growth: 2% per year; rating input score 100; 46th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 10 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 40/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.