Holly City Development Corporation
Holly City Development Corporation (HCDC) is a public charity based in Millville, New Jersey. Its stated work includes community renewal and the redevelopment of center-city Millville, including efforts to improve quality of life for city residents.
Key facts about Holly City Development Corporation
In short: Holly City Development Corporation gave $91K across 11 grants in 2025 (avg $8K), mostly in New Jersey. 100% of 2025 grantees were new. Source: 2025 IRS Form 990.
- EIN
- 22-3614788
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $90,738
- Grants made (2025)
- 11
- Average grant
- $8,249
- Median grant
- $9,217
- New grantees (estimate)
- 100% first-time grantees (10 of 10, 2025; small sample)
- Total assets
- $2,403,819
- Primary geography
- New Jersey (100% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$2.4M
+9.9% YoY
Annual Giving
$91K
-44.9% YoY
Grant Count
11
-31.3% YoY
Avg Grant Size
$8K
-19.9% YoY
Is Holly City Development Corporation open to new grantees?
100%
first-time grantees, 2025
In 2025, 10 of 10 grantees (100%) were first-time recipients. With only 10 grantees, that is a small sample: one grantee more or less moves the share by about 10 points. First grants averaged $9K. How we count
- 0% of 2025 grantees were also funded in 2024. Method
Estimate from itemized grant lists in IRS Form 990 filings (2021–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
HCDC states that its mission is “continuous community renewal” through real estate development and redevelopment; housing construction, rehabilitation and financing; community building and resident engagement; and economic development. Its stated program purpose is to assist in redeveloping center-city Millville to improve the quality of life for the city’s residents.
In its 2025 filing, HCDC described payments to businesses for facility improvements under a state grant. Its listed grants were for “small business development & expans[ion].”
Grantmaking
In filing year 2025, HCDC reported 11 grants totaling $90,738. Grants ranged from $5,190 to $10,000, with a median of $9,217. Listed recipients included An Octopuss Garden ($10,000), Coastal Pine Cabinetry ($10,000), El Guacamole Restaurant ($10,000), Old Oar House Irish Pub ($10,000), Mill Run Properties ($9,990), Riverview Commerce Center ($9,217), Full Potatoes ($9,043), Kristis Kuts ($6,078), Tina’s Hair Salon (two grants of $5,610 each), and LA Nails ($5,190). The filing says HCDC required recipient businesses to keep records verifying that grant funds were used for their intended purpose.
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Geographic Focus
Where this funder awards grants
All grant dollars reported for filing year 2025 went to recipients in New Jersey. The listed recipients were in Millville, New Jersey.
Grant Distribution by State
Share of 2025 grant dollars across all 11 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $15K (2022) to $241K (2021). In 2025 it made 11 grants totaling $91K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Tinas Hair Salon ($11K across 2 grants). Together the top 10 received $91K.
Grant Size Distribution
54 grants across all recorded years
The most common grant size was under $50K: 54 grants of 54 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| An Octopuss Garden Millville, NJ | Small Business Development & Expans | $10,000 |
| Coastal Pine Cabinetry Millville, NJ | Small Business Development & Expans | $10,000 |
| El Guacamole Restaurant Millville, NJ | Small Business Development & Expans | $10,000 |
| Old Oar House Irish Pub Millville, NJ | Small Business Development & Expans | $10,000 |
| Mill Run Properties Millville, NJ | Small Business Development & Expans | $9,990 |
| Riverview Commerce Center Millville, NJ | Small Business Development & Expans | $9,217 |
| Full Potatoes Millville, NJ | Small Business Development & Expans | $9,043 |
| Kristis Kuts Millville, NJ | Small Business Development & Expans | $6,078 |
| Tinas Hair Salon Millville, NJ | Small Business Development & Expans | $5,610 |
| Tinas Hair Salon Millville, NJ | Small Business Development & Expans | $5,610 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants given |
|---|---|---|---|---|
| 2025 | $2,403,819 | $1,067,798 | $834,312 | $90,738 (11 grants) |
| 2024 | $2,187,995 | $1,647,793 | $830,117 | $164,809 (16 grants) |
| 2023 | $1,444,595 | $1,039,071 | $1,037,337 | $69,484 (5 grants) |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,403,819 | $2,187,995 | $1,444,595 |
| Revenue | $1,067,798 | $1,647,793 | $1,039,071 |
| Expenses | $834,312 | $830,117 | $1,037,337 |
| Net Investment Income | $286 | $11 | $76 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS January 20, 2020)
- Updated Form 990 for fiscal year 2021 (received by the IRS December 15, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS February 6, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS January 9, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS January 20, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS December 19, 2025)
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Michael DePalma (Trustee), John Knoop (Vice Chair), James Parent (Board Chair), Michael Santiago (Chairman), Tina Gillam (Trustee), Paula Ring (Secretary), and Curtis Zimmerman (Trustee).
Holly City Development Corporation is led by James Parent, Board Chair since 2021 (on filings since 2019); none of the 7 officers listed in 2025 report compensation.
Officers on the 2025 filing
James Parent
Board Chair
Vice Chair → Board Chair, 2021
On filings since 2019
0.5 hrs/week
No compensation reported
Michael Santiago
Chairman
Trustee → Chairman, 2025
On filings since 2024
No compensation reported
Curtis Zimmerman
Trustee
Board Member → Trustee, 2021
On filings since 2019
0.5 hrs/week
No compensation reported
Michael Depalma
Trustee
On filings since 2022
0.5 hrs/week
No compensation reported
Tina Gillam
Trustee
On filings since 2023
0.5 hrs/week
No compensation reported
Paula Ring
Secretary
Treasurer → Secretary, 2021
On filings since 2019
0.5 hrs/week
No compensation reported
John Knoop
Vice Chair
Board Member → Vice Chari, 2021
Vice Chari → Vice Chair, 2022
On filings since 2020
0.5 hrs/week
No compensation reported
Former officers (3)
- Former: Larry Miller (2019–2022) — Trustee
- Former: Brian Tomlin (2019–2021) — Trustee
- Former: Eric Howard (2019) — Board Member
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: 14 E Mulberry Street, Millville, NJ 08332
Phone: (856) 825-8860
Frequently asked questions about Holly City Development Corporation
How much does Holly City Development Corporation give each year?
Holly City Development Corporation gave $91K across 11 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $165K across 16 grants.
What is Holly City Development Corporation's typical grant size?
Holly City Development Corporation's median grant in 2025 was $9,217, and its average grant was $8,249, across 11 grants on its 2025 IRS Form 990. Organizations receiving their first grant from Holly City Development Corporation that year got $9K on average.
Where does Holly City Development Corporation give grants?
Holly City Development Corporation gives mostly in New Jersey: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Millville, NJ (11 grants).
Does Holly City Development Corporation give general operating support?
Not in 2025: none of the 11 grants with a stated purpose on Holly City Development Corporation's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Small Business Development & Expans" (11 grants).
Who are Holly City Development Corporation's largest grantees?
Holly City Development Corporation's largest 2025 grantees include Tinas Hair Salon ($11,220 across 2 grants), An Octopuss Garden ($10,000) and Coastal Pine Cabinetry ($10,000), according to its 2025 IRS Form 990. Together they received 34% of its itemized 2025 grant dollars.
How large is Holly City Development Corporation?
Holly City Development Corporation reported $2.4M in total assets on its 2025 IRS Form 990. Its revenue that year was $1.1M.
What does Holly City Development Corporation fund?
HCDC states that its mission is “continuous community renewal” through real estate development and redevelopment; housing construction, rehabilitation and financing; community building and resident engagement; and economic development. See mission & focus areas ↑
How do I apply for a grant from Holly City Development Corporation?
Holly City Development Corporation has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
What is Holly City Development Corporation's EIN?
Holly City Development Corporation's EIN (Employer Identification Number) is 22-3614788. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
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