Atlantic City Development Corporation
Atlantic City Development Corporation is a private foundation focused on Community Improvement & Capacity Building, based in New Brunswick, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10.3M in total assets. In 2024, it made $1.7M in qualifying distributions. Net investment income was $215K.
Key facts about Atlantic City Development Corporation
- EIN
- 36-4808322
- Latest 990 filing
- Form 990-PF, 2024
- Total assets
- $10,271,431
Data from IRS Form 990-PF, 2024; updated October 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.3M
+0.5% YoY
Revenue
$1.2M
-14.1% YoY
Qualifying Distributions
$1.7M
-5.2% YoY
Expenses
$1.8M
-6.8% YoY
Ready to take the next step with Atlantic City Development Corporation?
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,271,431 | $10,224,595 | $10,590,409 |
| Revenue | $1,160,125 | $1,351,316 | $1,303,490 |
| Expenses | $1,764,034 | $1,892,880 | $1,462,737 |
| Qualifying Distributions | $1,652,255 | $1,742,506 | $1,595,584 |
| Net Investment Income | $214,856 | $175,096 | $57,000 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2020 (received by the IRS November 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 14, 2025)
- IRS filings on file for fiscal years 2021–2024
Leadership & Key People
Officers and directors from IRS filings
Atlantic City Development Corporation is led by Christopher J. Paladino, President since 2023 (on filings since 2020); none of the 7 officers listed in 2024 report compensation.
Officers on the 2024 filing
Christopher J. Paladino
President
President - Trustee → President, 2023
On filings since 2020
1 hr/week
No compensation reported
Jon F. Hanson
Chairman
Chairman - Trustee → Chairman, 2023
On filings since 2020
1 hr/week
No compensation reported
Francis X. Wentworth Jr.
Vice Chairman
Vice Chairman - Trustee → Treasurer, 2023
Treasurer → Vice Chairman, 2024
On filings since 2020
1 hr/week
No compensation reported
Robert Holmes
Secretary
Secretary - Trustee → Secretary, 2023
On filings since 2020
1 hr/week
No compensation reported
Monica Padovano Casiello
Board Member
Treasurer - Trustee → Board Member, 2023
On filings since 2022
1 hr/week
No compensation reported
Merissa Buczyn
Assistant Secretary
New on the 2024 filing
1 hr/week
No compensation reported
Sarah Clarke
Assistant Secretary
New on the 2024 filing
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Atlantic City Development Corporation
How large is Atlantic City Development Corporation?
Atlantic City Development Corporation reported $10.3M in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $1.2M.
What is Atlantic City Development Corporation?
Atlantic City Development Corporation is a private foundation focused on Community Improvement & Capacity Building, based in New Brunswick, NJ. It holds $10.3M in total assets as of 2024.
What is Atlantic City Development Corporation's EIN?
Atlantic City Development Corporation's EIN (Employer Identification Number) is 36-4808322. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Atlantic City Development Corporation by hand.
Explore Open Grants
Browse active grant opportunities in Atlantic City Development Corporation's focus areas in our free grants database
Similar Funders
Similar funders in New Jersey
The Robert Wood Johnson Foundation
Princeton, NJ
The Robert Wood Johnson Foundation funds work to improve health and health equity in the United States, including health policy, community health, prevention, and social justice. In 2024, its grants ranged from $125 to $12.15 million, with a median of $40,000, and went to recipients across multiple states. The profile does not state whether it accepts unsolicited requests.
Assets
$13.4B
Grants
3,093
Total Given
$622.6M
Community Foundation of New Jersey
Morristown, NJ
The Community Foundation of New Jersey supports nonprofits and projects across arts, education, environment, health and human services, and social welfare. Its 2024 itemized grants had a median of about $19,800, though awards varied widely; funding went to organizations in multiple states, with 32% of itemized grant dollars going to New Jersey. It accepts applications for specific opportunities, and its FAQ encourages eligible New Jersey 501(c)(3) nonprofits to apply; requirements vary by opportunity.
Assets
$1.0B
Grants
1,321
Total Given
$93.8M
Crane Fund for Widows and Children
Englewood Cliffs, NJ
The Crane Fund for Widows and Children supports local charities, agencies, and schools addressing needs such as food insecurity, housing, education, health, environmental protection, and animal welfare in communities where Crane Company operates or its associates have connections. In 2024, grants ranged from $2,000 to $45,000, with a median of $4,500; it funds organizations in multiple states. The fund contributes only to preselected organizations and does not accept unsolicited requests.
Assets
$1.6M
Grants
985
Total Given
$4.5M
Oceanfirst Foundation
Toms River, NJ
OceanFirst Foundation funds nonprofits working in economic stability, youth development, health and wellness, housing, education, and community quality of life, including scholarships, summer camps, and flexible support. It serves communities in OceanFirst Bank’s New Jersey footprint; 2025 grants ranged from $50 to $55,000, with a median of $2,200. It accepts unsolicited requests, and deadlines vary by program.
Assets
$6.1M
Grants
425
Total Given
$1.6M
The Hyde and Watson Foundation
Warren Township, NJ
The Hyde and Watson Foundation funds one-time capital needs—such as construction, renovations, equipment, and furnishings—for eligible nonprofits working in human services, education, health, arts and culture, and the environment. Most grants are $5,000–$20,000, and it primarily serves New York City and Essex, Morris, and Union counties in New Jersey; the profile does not state whether unsolicited requests are accepted.
Assets
$88.2M
Grants
611
Total Given
$6.1M
Princeton Area Community Foundation Inc
Princeton, NJ
Princeton Area Community Foundation funds nonprofits working in education, basic needs, health, housing, arts, the environment, and nonprofit capacity, with priorities including poverty and the needs of children, families, and communities. Its 2024 median grant was $15,000, and its discretionary programs focus on Greater Mercer County and central New Jersey, though donor-recommended grants may support nonprofits elsewhere. Eligible regional nonprofits may apply through competitive programs such as the Community Impact Grants.
Assets
$279.6M
Grants
515
Total Given
$31.3M
Columbia Bank Foundation
Fair Lawn, NJ
Columbia Bank Foundation supports local community programs, including affordable housing, economic development, financial literacy, health and human services, food security, environmental sustainability, and the arts. Its 2025 grants had a median of $2,500, while current program ranges are $1,000–$4,999 for micro grants, $7,500–$15,000 for community grants, and $5,000–$25,000 for housing grants; it primarily funds New Jersey organizations.
Assets
$42.6M
Grants
319
Total Given
$1.7M
American Water Charitable Foundationinc
Camden, NJ
The American Water Charitable Foundation funds water and environmental projects, as well as work in education, workforce readiness, and community support; its 2025 grants had a median of $5,000 and ranged from $500 to $614,954. Applicants must operate in or directly benefit an American Water service territory, and giving is not restricted to preselected organizations; some programs are invitation-only.
Assets
$81.8M
Grants
374
Total Given
$5.5M
United Way of Bergen County
Paramus, NJ
United Way of Bergen County focuses on developing affordable housing for seniors, veterans, working families, and adults with disabilities, and connecting New Jersey residents with health and human-service resources through NJ211. In 2025, its 377 reported grants ranged from $5,001 to $1,847,204, with a median of $9,010; many were donor-designated, and recipients were located in multiple states. The profile does not state whether it accepts unsolicited grant requests.
Assets
$31.9M
Grants
377
Total Given
$7.0M
Jewish Community Foundation of Greater Metrowest NJ
Whippany, NJ
The Jewish Community Foundation of Greater MetroWest NJ supports Jewish and broader-community causes, including local Jewish education, older-adult services, synagogue engagement, and specified needs in Israel; it also makes grants nationally and internationally. Its 2025 grants had a median of $17,400, while its local program offers up to $15,000–$20,000 depending on category. It accepts applications from eligible agencies and synagogues for its local program during a stated application period, and from qualifying organizations for Israel grants each spring.
Assets
$648.3M
Grants
407
Total Given
$29.3M
KPMG US Foundation Inc
Montvale, NJ
KPMG US Foundation supports education, mental health, community vitality, and community relief and resilience, with grants distributed across the United States. Its 2025 grants had a median of $25,000, though amounts ranged from about $5,000 to $2.2 million. The available information does not say whether it accepts unsolicited requests.
Assets
$12.4M
Grants
387
Total Given
$33.5M
Segal Family Foundation Inc
Warren, NJ
The Segal Family Foundation funds early-stage, community-led organizations addressing development challenges and opportunities across Sub-Saharan Africa, generally through unrestricted, often multiyear support. In 2024, grants ranged from $9 to $124,400, with a median of about $30,000. It has no open application and does not accept unsolicited requests.
Assets
$117.7M
Grants
344
Total Given
$12.4M
More Funders in New Jersey
Atlantic City Development Corporation down — hundreds of funders to go?