2025-11-14T15:22:27-06:00 2024-12-31 WithumSmithBrown PC ONE TOWER CENTER BLVD 14TH FL EAST BRUNSWICK NJ 08816 990PF 2024-01-01 364808322 Atlantic City Development Corporation % GLEN SOFO ATLA 7322492220 120 Albany Street 7th Floor New Brunswick NJ 08901 CHRISTOPHER PALADINO PRESIDENT 6099945110 2025-11-17 true true Shawn Gillon P01301805 7328281614 2024 2025-03-06 01:10:19Z X X 10268343 X 945269 214856 214856 214856 1160125 214856 214856 0 5654 0 5654 5654 110199 0 110199 105926 7209 7209 0 2492 2492 14800 14800 29328 1623680 1623680 1511347 1764034 0 1764034 1652255 0 0 1764034 0 1764034 1652255 -603909 214856 0 208081 181198 181198 5071051 5118788 5118788 1374031 1252645 1374031 1374031 30298 33386 30298 300 300 300 3014959 33870 2983582 2981089 2981089 678638 582639 582639 10224595 10271431 10268343 389849 226334 0 300000 393438 907698 783287 1434032 X 9441308 8837399 9441308 8837399 10224595 10271431 9441308 -603909 8837399 8837399 2986 2986 2986 1063 0 5000 6063 3077 3077 false false false false false false false true true NJ true true false false false true www.acdevco.org GLEN SOFO 7322492220 120 ALBANY STREET 7TH FLOOR NEW BRUNSWICK NJ 08901 false false false false false false false false false false false false false false false false false false false false false false JON F HANSON 120 Albany Street 7th Floor New Brunswick NJ 08901 CHAIRMAN 1.0 0 0 0 FRANCIS X WENTWORTH JR 120 Albany Street 7th Floor New Brunswick NJ 08901 Vice Chairman 1.0 0 0 0 ROBERT HOLMES 120 Albany Street 7th Floor New Brunswick NJ 08901 SECRETARY 1.0 0 0 0 CHRISTOPHER J PALADINO 120 Albany Street 7th Floor New Brunswick NJ 08901 PRESIDENT 1.0 0 0 0 Monica Padovano Casiello 120 Albany Street 7th Floor New Brunswick NJ 08901 BOARD MEMBER 1.0 0 0 0 Sarah Clarke 120 Albany Street 7th Floor New Brunswick NJ 08901 Assistant Secretary 1.0 0 0 0 Merissa Buczyn 120 Albany Street 7th Floor New Brunswick NJ 08901 Assistant Secretary 1.0 0 0 0 TO FURTHER THE DEVLOPMENT OF THE CITY OF ATLANTIC CITY AND THE STATE OF NEW JERSEY. 1444768 0 5317989 4968357 10286346 0 10286346 154295 10132051 506603 X 1652255 0 0 0 0 1652255 0 0 2022 2021 2020 0 801531 1211645 1595584 1742506 5351266 1652255 0 1652255 7003521 0 0 0 0 7003521 801531 1211645 1595584 1742506 1652255 X 0 0 0 440129 440129 0 0 0 374110 374110 1652255 1755815 1595584 1211645 6215299 1652255 1755815 1595584 1211645 6215299 10268343 10224595 10590409 10604882 41688229 0 0 0 0 0 X PARKING LOT REVENUE 15000 INTEREST INCOME 199856 214856 214856 1&11 ATLANTIC CITY DEVELOPMENT COMRPORATION IS A NOT-FOR-PROFIT ENTITY THAT WAS ORGANIZED TO FURTHER THE DEVELOPMENT OF THE CITY OF ATLANTIC CITY AND ITS ENVIORNS, INCLUDING THE DEVELOPMENT OF RESIDENTIAL AND COMMERCIAL REAL ESTATE IN A MANNER BENEFICIAL TO THE COMMUNITY. THE COMPANY UNDERTAKES COMMUNITY DEVELOPMENT ACTIVITIES AND PROJECTS ON A SCAL AS MAY BE NECESARRY, APPROPRIATE, OR DESIREABLE TO IMPROVE THE SOCIAL, CULTURAL, INSTITUTIONAL, AND PHYSICAL ENVIORNMENT ON THE CITY OF ATLANTIC CITY. false false false false false false false false false false X X 1 State of NJ Dept of Community Affa 101 South Broad Street Trenton NJ 08625 945269 X ACCOUNTING FEES 110199 110199 105926 INVESTMENT IN ISLAND CAMPUS 100 100 INVESTMENT IN ATLANTIC AVE 100 100 INVEST IN UNIV HOUSING 100 100 LEGAL FEES 5654 5654 5654 PREDEVELOPMENT COSTS 488982 423587 423587 DUE FROM AFFILIATES 189656 159052 159052 DIRECT PROJECT EXPENSES 1444768 1444768 1308369 INSURANCE 84206 84206 84206 ADVERTISING 84143 84143 108209 OFFICE EXPENSES 10563 10563 10563 Interest income 199856 199856 199856 parking lot revenue 15000 15000 15000 DUE TO RELATED PARTIES 393438 907698