2024-11-14T14:36:56-06:00 2023-12-31 222097516 Capaldi Reynolds & Pelosi PA 332 Tilton Road Northfield NJ 08225 990 2023-01-01 844798843 Chelsea Economic Development Corporation CHEL 6097611499 3701 Boardwalk Atlantic City NJ 08401 Elizabeth Terenik President 6097611499 2024-11-11 1 1 Jeffrey A Wilson P01328560 6096414000 2023 2024-10-15 13:58:12Z Elizabeth Terenik 3701 Boardwalk Atlantic City NJ 08401 772484 0 X https://www.chelseaedc.org/ X 2019 NJ Chelsea Economic Development Corporation was established in 2019 to increase economic opportunity in the Chelsea neighborhood of Atlantic City. 15 15 15 0 0 0 343609 772484 0 0 0 0 0 0 343609 772484 0 0 0 0 85891 261741 0 0 0 259746 494670 345637 756411 -2028 16073 177404 58833 166892 32248 10512 26585 X 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. 1 0 452429 Beautify Chelsea: We are enhancing public spaces with flowers, trees, art, and streetscaping, and increasing vibrancy through neighborhood clean-ups, code violation reporting, social service outreach, and increased public safety presence. 153091 Merchant Support: Supporting small businesses and providing better career opportunities for residents is our priority. For businesses, Chelsea EDC provides grants for capital improvements, facade makeovers, permit assistance, marketing assistance, and social media development. 63333 Homebuyer Education: Chelsea EDC gives cash incentives to those that rent, work, or own a business in Chelsea to purchase a home in the neighborhood. Chelsea is also working with local contractors and developers to create more and higher quality housing. 59651 Community Events: Our events and programs celebrate the diversity of the neighborhood's cultures, businesses, and institutions and strengthen the community. 24480 Career Pathways: Chelsea EDC is providing grants for business education, training, and networking opportunities. To connect residents with career opportunities, Chelsea EDC funds technology and job training programs for youth and adults. 84131 752984 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 15 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ X X The Organization 6097611499 3701 Boardwalk Atlantic City NJ 08401 X Elizabeth Terenik President 0.50 X X 0 0 0 Ken Calemno Board President 0.50 X X 0 0 0 Brian Jackson Board Vice President 0.50 X X 0 0 0 Adalberto Lopez Treasurer 0.50 X X 0 0 0 Scott Cronick Secretary 0.50 X X 0 0 0 Matt Levinson Member 0.50 X 0 0 0 Joe Dougherty Member 0.50 X 0 0 0 Sarah Clark Member 0.50 X 0 0 0 David Hirsch Member 0.50 X 0 0 0 Barbara DeMarco Member 0.50 X 0 0 0 Monica Padovano Casiello Member 0.50 X 0 0 0 Christopher Downey Member 0.50 X 0 0 0 Robert Ruffolo Member 0.50 X 0 0 0 Wendy Bartlett Member 0.50 X 0 0 0 Victor Moreno Member 0.50 X 0 0 0 Julia Lawler Member 0.50 X 0 0 0 0 0 0 0 0 0 0 0 752984 19500 772484 772484 0 0 0 240890 240890 20851 20851 178 178 793 793 2963 2963 1012 1012 48278 47200 1078 326 326 1295 1255 40 Merchant support operat 152981 152981 Beautify Chelsea operat 139420 139420 Homebuyer education ope 63333 63333 Community events operat 59611 59611 24480 24480 756411 752984 3427 0 177404 617 90 58126 177404 58833 11859 16207 155033 16041 166892 32248 X 10512 26585 10512 26585 177404 58833 16073 0 X 0 0 0 X 60410 343609 772484 1176503 60410 343609 772484 1176503 1176503 1176503 X Schedule A, Part VI The Organization was established on 8/29/2019. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Form 990, Part III, line 2 Homebuyer Education: Chelsea EDC gives cash incentives to those that rent, work, or own a business in Chelsea to purchase a home in the neighborhood. Chelsea is also working with local contractors and developers to create more and higher quality housing. Form 990, Part VI, Section B, line 11b Form 990 is provided to all members of the governing body for approval prior to filing. Form 990, Part VI, Section B, line 12c All members of the governing body are required to annually disclose business interests, relationships, etc. Potential conflicts of interest are discussed regularly at board meetings. Form 990, Part VI, Section C, line 19 The Organization makes its governing documents, conflict of interest policy and financial statements available to the public upon written request. Form 990 is available on the the IRS website https://apps.irs.gov/app/eos/ and on guidestar.org.