Nonprofit · EIN 22-2155884
UNION COUNTY ECONOMIC DEVELOPMENT CORP
Tax-exempt · CRANFORD, NJ 07016
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $4,074,444 | $3,900,565 | $173,879 | $26,377,019 | $7,117,011 | $19,260,008 |
| December 31, 2024 | 990 | $4,222,014 | $4,151,612 | $70,402 | $26,838,573 | $8,320,803 | $18,517,770 |
| December 31, 2023 | 990 | $4,807,989 | $3,819,951 | $988,038 | $26,668,895 | $8,754,469 | $17,914,426 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,630,412
- of which government grants
- $2,327,062
- Program service revenue
- $573,957
- Investment income
- $870,075
- Net gain from sales of assets
- $151,904
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,475
- Compensation of officers, directors and key employees
- $907,705
- Other salaries and wages
- $1,451,620
- Salaries, compensation and benefits (total)
- $2,750,729
- Professional fundraising fees
- $0
- Legal fees
- $9,222
- Accounting fees
- $79,510
- Occupancy
- $72,253
- Travel
- $7,818
- Depreciation
- $56,076
- Program services (functional)
- $3,373,336
- Management and general (functional)
- $527,229
Balance sheet and other
- Total assets, start of year
- $26,838,573
- Total assets, end of year
- $26,377,019
- Total liabilities, end of year
- $7,117,011
- Net assets, end of year
- $19,260,008
- Land, buildings and equipment
- $769,720
- Publicly traded securities
- $7,742,468
- Net assets without donor restrictions
- $18,182,540
- Net assets with donor restrictions
- $1,077,468
- Gross receipts
- $6,706,632
- Employees
- 23
- Volunteers
- 17
- Year formed
- 1977
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ADAM FARRAH | PRESIDENT Officer | 40 | $261,955 | $23,603 |
| ERICH PETER | EXECUTIVE VICE-PRESIDENT Officer | 40 | $171,904 | $42,328 |
| SANJAY MALIK | CONTROLLER Officer | 40 | $161,905 | $42,353 |
| ELIZABETH WILLIAMS | VICE-PRESIDENT LENDING Officer | 40 | $184,939 | $18,718 |
| JOSEPH LAMBERTI | DIRECTOR OF TRAINING Highest-paid employee | 40 | $109,274 | $14,935 |
| MARK LEICHTLING | DIRECTOR OF MICROLENDING Highest-paid employee | 40 | $108,084 | $13,545 |
| DIANA HENRIQUEZ | DIRECTOR OF PORTFOLIO MANAGEMENT Highest-paid employee | 40 | $100,360 | $16,119 |
| NADINE CLARK | DIRECTOR OF PROCUREMENT Highest-paid employee | 40 | $102,717 | $8,561 |
| MICHAEL WARRINGTON | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| TOMAS PORTURAS | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| MELISSA MURRAY CPA | TREASURER/SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| GAIL M DRISCOLL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DRAGANA JOVANOVIC | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT L KATZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARLENE KURZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL T LACORTE | TRUSTEE Trustee or director | 1 | $0 |
| DANIEL LETENDRE | TRUSTEE Trustee or director | 1 | $0 |
| JAMES MCMANUS JR | TRUSTEE Trustee or director | 1 | $0 |
| MARTIN P MELILLI | TRUSTEE Trustee or director | 1 | $0 |
| MARCY C METZ | TRUSTEE Trustee or director | 1 | $0 |
| GARY PFARR | TRUSTEE Trustee or director | 1 | $0 |
| JANE E REY | TRUSTEE Trustee or director | 1 | $0 |
| DR ELAINE M SANDERS | TRUSTEE Trustee or director | 1 | $0 |
| RODERICK SPEARMAN | TRUSTEE Trustee or director | 1 | $0 |
| JOSEPH P STARKEY | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ADAM FARRAH | PRESIDENT Officer | 40 | $255,142 | $21,503 |
| ERICH PETER | EXECUTIVE VICE-PRESIDENT Officer | 40 | $164,657 | $36,907 |
| SANJAY MALIK | CONTROLLER Officer | 40 | $157,867 | $36,502 |
| ELIZABETH WILLIAMS | VICE-PRESIDENT LENDING Officer | 40 | $175,860 | $18,439 |
| ELLEN MCHENRY | SR. DIRECTOR OF LOAN PROGRAM Highest-paid employee | 40 | $143,173 | $10,432 |
| JOSEPH LAMBERTI | DIRECTOR OF TRAINING Highest-paid employee | 40 | $106,237 | $12,250 |
| MARK LEICHTLING | DIRECTOR OF MICROLENDING Highest-paid employee | 40 | $104,942 | $12,214 |
| NADINE CLARK | DIRECTOR OF PROCUREMENT Highest-paid employee | 40 | $100,481 | $6,072 |
| MARCY C METZ | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL WARRINGTON | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TOMAS PORTURAS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MELISSA MURRAY CPA | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| GAIL M DRISCOLL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DRAGANA JOVANOVIC | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT L KATZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARLENE KURZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PAUL T LACORTE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DANIEL LETENDRE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES MCMANUS JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARTIN P MELILLI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GARY PFARR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JANE E REY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DR ELAINE M SANDERS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RODERICK SPEARMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOSEPH P STARKEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ADAM FARRAH | PRESIDENT Officer | 40 | $246,539 | $25,776 |
| ERICH PETER | EXECUTIVE VICE PRESIDENT Officer | 40 | $156,538 | $35,599 |
| ELIZABETH WILLIAMS | VICE PRESIDENT LENDING Officer | 40 | $170,475 | $19,189 |
| ELLEN MCHENRY | SR. DIRECTOR OF LOAN PROGRAM Highest-paid employee | 40 | $176,180 | $12,583 |
| SANJAY MALIK | CONTROLLER Officer | 40 | $141,563 | $27,862 |
| JOSEPH LAMBERTI | DIRECTOR OF TRAINING Highest-paid employee | 40 | $102,785 | $16,170 |
| MARK LEICHTLING | DIRECTOR OF MICROLENDING Highest-paid employee | 40 | $100,440 | $9,799 |
| MARCY C METZ | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL WARRINGTON | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TOMAS PORTURAS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MELISSA MURRAY CPA | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| GAIL M DRISCOLL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROBERT L KATZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARLENE KURZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PAUL T LACORTE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DANIEL LETENDRE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES MCMANUS JR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARTIN P MELILLI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GARY PFARR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JANE E REY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RODERICK SPEARMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOSEPH P STARKEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 75 CHESTNUT ST, CRANFORD, NJ 07016-2937
- Principal officer (990 for 2025)
- ADAM FARRAH, 75 CHESTNUT STREET, CRANFORD, NJ 070162937
- Signed the 990
- ADAM FARRAH, PRESIDENT
- Phone
- (908) 527-1166
- Website
- WWW.UCEDC.COM
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
Mission
PROMOTE & DEVELOP ECONOMIC GROWTH IN NEW JERSEY BY PROVIDING FINANCIAL AND TECHNICAL ASSISTANCE TO SMALL BUSINESSES.
Program accomplishments
- FINANCIAL ASSISTANCE PROGRAM:UCEDC'S MICROLOAN PROGRAM PROVIDES BOTH START-UP AND EXISTING BUSINESSES WITH AN OPPORTUNITY TO BORROW MONEY FOR A VARIETY OF REASONS, INCLUDING PURCHASING EQUIPMENT, FIXTURES OR INVENTORY; WORKING CAPITAL; OR MAKING RENOVATIONS ON PRIVATELY OWNED COMMERCIAL REAL ESTATE. START-UPS (OPERATIONAL FOR LESS THAN TWO YEARS) CAN BORROW A MAXIMUM OF $35,000, WITH SUFFICIENT COLLATERAL, FOR UP TO SIX YEARS. OLDER BUSINESSES WITH A PROFITABLE OPERATING HISTORY ARE ELIGIBLE FOR UP TO $50,000 FOR THE SAME TIME PERIOD. INTEREST RATES VARY UP TO 7.75%, DEPENDING ON THE AGE AND FINANCIAL OPERATIONS OF THE BUSINESS AND THE OWNER'S CREDIT HISTORY. LOANS MAY BE PREPAID WITHOUT PENALTY.UCEDC IS ONE OF ONLY 40 LENDERS IN THE NATION TO OFFER THE SBA (7A) FINANCING PROGRAM, DESIGNED TO ENCOURAGE BUSINESS GROWTH AND JOB CREATION. LONG-TERM LOANS OF UP TO $250,000 ARE AVAILABLE TO START-UP (IN OPERATION LESS THAN TWO YEARS) AND EXISTING BUSINESSES.FUNDS CAN BE USED FOR A WIDE VARIETY OF PURPOSES INCLUDING WORKING CAPITAL; FURNITURE/FIXTURES, MACHINERY AND EQUIPMENT; LAND ACQUISITION FOR COMMERCIAL PURPOSES; CONSTRUCTION OR RENOVATION FOR PRIVATELY OWNED COMMERCIAL PROPERTIES; LEASEHOLD IMPROVEMENTS; AND BUSINESS ACQUISITION. INTEREST RATES ARE BASED ON THE AMOUNT OF THE LOAN AND LENGTH OF THE LOAN DEPENDS ON THE USE OF THE FUNDS.THE SBA 504 PROGRAM PROVIDES GROWING BUSINESSES WITH THE OPPORTUNITY TO PURCHASE, CONSTRUCT, OR IMPROVE THEIR OWN BUILDING OR PURCHASE MAJOR EQUIPMENT THROUGH LONG-TERM, BELOW-MARKET FIXED RATE FINANCING. UCEDC WORKS IN PARTNERSHIP WITH COMMERCIAL LENDERS TO STRUCTURE FINANCING THAT TYPICALLY CALLS FOR ONLY A 10% CONTRIBUTION FROM THE BORROWER. SOFT COSTS AND CLOSING COSTS CAN BE ROLLED INTO THE LOAN, MAXIMIZING CASH FLOW THAT CAN BE INVESTED BACK INTO THE BUSINESS. UCEDC'S PORTION OF THE FINANCING REPRESENTS A MAXIMUM OF 40% OF THE TOTAL (UP TO $5.5 MILLION), WITH 10-25 YEAR TERMS.Expenses $2,479,153 · grants $1,475 · revenue $163,263
- TECHNICAL ASSISTANCE PROGRAM: UCEDC OFFERS A WIDE VARIETY OF EDUCATIONAL PROGRAMS DESIGNED TO HELP SMALL BUSINESSES TO START, GROW, AND THRIVE. WHETHER YOU'RE A BUSINESS BEGINNER, NEED A REFRESHER IN THE BASICS, OR ARE LOOKING FOR A MORE INTENSIVE EXPERIENCE, WE HAVE THE TRAINING SESSIONS TO FIT YOUR NEEDS.BUSINESS BASICS - THESE FREE TWO-HOUR WORKSHOPS ADDRESS A VARIETY OF BUSINESS CONCERNS FOR BOTH START-UP ENTREPRENEURS AND ESTABLISHED BUSINESS OWNERS.THEY ARE OFFERED THROUGHOUT NEW JERSEY, OFTEN IN COOPERATION WITH PARTNER ORGANIZATIONS AND AGENCIES THAT SHARE OUR COMMITMENT TO SMALL BUSINESS GROWTH. BUSINESS MENTORING -UCEDC LOAN CLIENTS AND GRADUATES OF OUR MULTI-SESSION TRAINING PROGRAMS RECEIVE FREE INDIVIDUALIZED BUSINESS COUNSELING. YOUR UCEDC BUSINESS MENTOR IS YOUR BOARD OF DIRECTORS, CFO, AND MARKETING MANAGER, ALL ROLLED INTO ONE. YOUR MENTOR MEETS WITH YOU AT YOUR CONVENIENCE, ACTS AS YOUR SOUNDING BOARD, AND OFFERS FEEDBACK, ADVICE, AND SUGGESTIONS TO KEEP YOUR BUSINESS ON TRACK.Expenses $894,183 · revenue $410,694
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 22-2155884
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1979
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S310)
- Assets (IRS master file)
- $26,377,019
- Income (IRS master file)
- $6,706,632
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $4,074,444 | $3,900,565 | $26,377,019 | IRS |
| 990 | December 2024 | $4,222,014 | $4,151,612 | $26,838,573 | XML |
| 990 | December 2023 | $4,807,989 | $3,819,951 | $26,668,895 | XML |
| 990 | December 2022 | $5,346,138 | $3,455,714 | $24,391,052 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2155884).
Questions about UNION COUNTY ECONOMIC DEVELOPMENT CORP
- What is the EIN of UNION COUNTY ECONOMIC DEVELOPMENT CORP?
- The employer identification number (EIN) of UNION COUNTY ECONOMIC DEVELOPMENT CORP is 22-2155884.
- Is UNION COUNTY ECONOMIC DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
- Are donations to UNION COUNTY ECONOMIC DEVELOPMENT CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UNION COUNTY ECONOMIC DEVELOPMENT CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of UNION COUNTY ECONOMIC DEVELOPMENT CORP due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UNION COUNTY ECONOMIC DEVELOPMENT CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of UNION COUNTY ECONOMIC DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2025 names ADAM FARRAH.
- Who are the officers and directors of UNION COUNTY ECONOMIC DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2025 lists 25 people; 8 received compensation from the organization, the highest $261,955 (ADAM FARRAH, PRESIDENT).
- How much revenue does UNION COUNTY ECONOMIC DEVELOPMENT CORP have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $4,074,444, expenses of $3,900,565 and total assets of $26,377,019 at year end.
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All nonprofits in CRANFORD · New Jersey · Community improvement and capacity building