Cumberland Development Corporation

Organization Overview

Cumberland Development Corporation is located in Bridgeton, NJ. The organization was established in 1996. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cumberland Development Corporation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Cumberland Development Corporation generated $113.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $124.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990EZ Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3

PROMOTED, ENCOURAGED, AND ASSISTED IN MAXIMIZING THE ECONOMIC DEVELOPMENT POTENTIAL OF MEMBER MUNICIPALITIES


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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$4,000
Total Program Service Revenue$109,010
Membership dues$0
Investment income $14
Gain or Loss$0
Net Income from Gaming & Fundraising$0
Other Revenue$0
Total Revenue$113,024

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