VISIONS ECONOMIC DEVELOPMENT INC
NEWARK,
New Jersey,
07102
EIN: 87-0753394
Community Improvement, Capacity Building
MISSION
Vision Economic Development, Inc. is a not for profit real estate holding entity that is organized to develop and manage properties in the Newark and surrounding communities.
DEMOGRAPHIC
ADDRESS
588 DR MARTIN LUTHER KING JR BLVD
07102
COUNTY
essex county, NJ
IN CARE OF NAME
GARVEY INCE
ORGANIZATIONAL OVERVIEW & RANKINGS
VISIONS ECONOMIC DEVELOPMENT INC is a based in NEWARK, NJ, focused on Community Improvement, Capacity Building causes , specifically Community, Neighborhood Development, Improvement (General). Established in November 2021, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $22,950.00, this ranks 644,329 among 2,656,690 nonprofits nationally (Top 25%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 18,549 out of 72,131 organizations in NJ (Top 26%).
In essex county, NJ, the organization ranks 1,680 out of 7,742 nonprofits by assets (Top 22%), while locally in newark, it stands at 495 among 2,319 organizations (Top 21%).
The organization reported annual revenue of $58,532.00, ranking 477,228 nationally (Top 18%) and 12,748 in NJ (Top 18%).
Within its specific NTEE classification (S20 - S: Community Improvement, Capacity Building), which includes 19,834 similar organizations, VISIONS ECONOMIC DEVELOPMENT INC ranks 3,484 in assets (Top 18%) and 2,947 in revenue (Top 15%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2010 and was reinstated on September 15, 2014 .
The organization files a 990 (all other) or 990EZ return and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
S: Community Improvement, Capacity Building
NTEE CODE
S20: Community, Neighborhood Development, Improvement (General)
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Revoked: Saturday, May 15, 2010;
Reinstated: Monday, September 15, 2014
TAX PERIOD
12/2022
ACCOUNTING PERIOD
12
INCOME CODE
3: $25,000 to $99,999
INCOME AMOUNT
$58,532.00
FORM 990 REVENUE AMOUNT
$58,532.00
RULING DATE
11/2021
ASSET CODE
2: $10,000 to $24,999
ASSET AMOUNT
$22,950.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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