CONTINUOUS COMMUNITY RENEWAL THROUGH THE AREAS OF: DEVELOPMENT AND REDEVELOPMENT OF REAL ESTATE; HOUSING CONSTRUCTION, REHABILITATION AND FINANCING; COMMUNITY BUILDING AND RESIDENT ENGAGEMENT AND ECONOMOIC DEVELOPMENT
Financial Overview
From 2025 IRS Form 990-PF · 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
About Holly City Development Corporation
Based on IRS filings
Holly City Development Corporation is a nonprofit organization focused on Housing & Shelter, based in MILLVILLE, NJ. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $2.4M in total assets. In 2025, it awarded 11 grants totaling $91K. Net investment income was $286.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| 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 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $286 | $11 | $76 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
32 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include An Octopuss Garden ($10,000), Coastal Pine Cabinetry ($10,000), El Guacamole Restaurant ($10,000).
| 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 |
| FULL POTATOES MILLVILLE, NJ | SMALL BUSINESS DEVELOPMENT & EXPANS | $9,043 |
| KRISTIS KUTS MILLVILLE, NJ | SMALL BUSINESS DEVELOPMENT & EXPANS | $6,078 |
| LA NAILS MILLVILLE, NJ | SMALL BUSINESS DEVELOPMENT & EXPANS | $5,190 |
| MILL RUN PROPERTIES MILLVILLE, NJ | SMALL BUSINESS DEVELOPMENT & EXPANS | $9,990 |
| OLD OAR HOUSE IRISH PUB MILLVILLE, NJ | SMALL BUSINESS DEVELOPMENT & EXPANS | $10,000 |
| RIVERVIEW COMMERCE CENTER MILLVILLE, NJ | SMALL BUSINESS DEVELOPMENT & EXPANS | $9,217 |
| TINAS HAIR SALON MILLVILLE, NJ | SMALL BUSINESS DEVELOPMENT & EXPANS | $5,610 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL DEPALMA | Trustee | 0.5 | — |
| JOHN KNOOP | Vice Chair | 0.5 | — |
| JAMES PARENT | Board Chair | 0.5 | — |
| MICHAEL SANTIAGO | Chairman | — | — |
| TINA GILLAM | Trustee | 0.5 | — |
| PAULA RING | Secretary | 0.5 | — |
| CURTIS ZIMMERMAN | Trustee | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Holly City Development Corporation?
Holly City Development Corporation is a nonprofit organization focused on Housing & Shelter, based in MILLVILLE, NJ. It holds $2.4M in total assets as of 2025.
How large is Holly City Development Corporation?
As of 2025, Holly City Development Corporation holds $2.4M in total assets with $1.1M in annual revenue. It awarded 11 grants totaling $91K in 2025.
Where does Holly City Development Corporation operate?
Holly City Development Corporation has awarded grants in New Jersey.
What size grants does Holly City Development Corporation award?
In 2025, Holly City Development Corporation awarded 11 grants totaling $91K — an average of about $8K per grant, based on its IRS Form 990 filings.
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 2020–2025.
Explore Open Grants
Browse active grant opportunities in Holly City Development Corporation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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