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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Community Improvement & Capacity Building Chelsea Economic Development Corporation

Chelsea Economic Development Corporation

Fiscal year ending 2022. Filed on November 15, 2023.

3701 Boardwalk
Atlantic City, New Jersey 08401

Chelsea Economic Development Corporation (EIN: 84-4798843) has filed an IRS Form 990 since fiscal year 2022. In its fiscal year 2022 IRS Form 990 filing, Chelsea Economic Development Corporation, a 501(c)(3) charitable organization, reported compensation for 9 out of 14 total employees. Among the employees shown here, the average compensation is $0.

Revenue, expenses, and employee compensation

Revenue

$343,609

Expenses

$345,637

Employee compensation

$85,891
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Barbara Demarco
Member
$0
Sarah Clark
Member
$0
Marissa Travaline
Member
$0
Richard Johnston
Member
$0
Mark Callazo
Member
$0
Elizabeth Terenik
President
$0
Matt Levinson
Member
$0
Lan Dang
Member
$0
Christopher Downey
Member
$0

Benchmark Employee Compensation

Non-Employee Board Members

Adalberto Lopez
Treasurer
Brian Jackson
Board Vice President
Jenny Hernandez
Board President
Ken Calemno
Secretary

Mission Statement

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.

Revisions to this organization profile

November 6, 2025:
2024 Chelsea Economic Development Corporation 990 filed
November 14, 2024:
2023 Chelsea Economic Development Corporation 990 filed
November 15, 2023:
2022 Chelsea Economic Development Corporation 990 filed

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