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Eastern American Certified Development Company Inc

EIN 20-4647454 · Pavesapesorarkar, NJ

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood71 out of 100GovernanceFair57 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • It reported loans to or from officers, directors or other insiders.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

EAEDC PROMOTES ECONOMIC DEVELOPMENT BY PROVIDING AFFORDABLE FINANCING, TECHNICAL ASSISTANCE AND BUSINESS ADVISORY SERVICES TO UNDERSERVED ENTREPRENEURS AND SMALL BUSINESSES, WITH A FOCUS ON EXPANDING ACCESS TO CAPITAL AND CREATING SUSTAINABLE ECONOMIC OPPORTUNITIES.

Income
$351,377
Spending
$474,528
Spent on programs
81%
Reserves
16.5 months of spending
Largest source of income
fees for its services, 97%
Employees
4
Highest pay
$71,467, president

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 71 out of 100. Higher than 45% of charities in its peer group (community improvement, $250k to $1m).

  • Reserves

    35 of 35

    Spendable reserves would cover 16.5 months of spending.

  • Debt

    16 of 20

    It owes 24% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 35% of income.

  • Income trend

    5 of 15

    Income fell 14% on the year before.

  • Spending floor

    15 of 15

    81% of spending went to programs.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 57 out of 100. Higher than 23% of charities in its peer group (community improvement, $250k to $1m).

  • Independent board

    18 of 25

    4 of 4 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    12 of 15

    Its accounts were reviewed or compiled by an independent accountant, but not audited.

  • No reported misuse

    0 of 10

    Reports at least one of: diversion of assets, excess benefits, loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $166,895 spent. PROVIDED AFFORDABLE MICROLOANS TO UNDERSERVED SMALL BUSINESSES TO SUPPORT STARTUP AND EXPANSION ACTIVITIES.
  2. $112,730 spent. DELIVERED BUSINESS OPERATION SUPPORT (BOS) INCLUDING BOOKKEEPING ASSISTANCE, FINANCIAL MANAGEMENT, LOAN READINESS, AND BUSINESS CONSULTING.
  3. $106,864 spent. ASSISTED ENTREPRENEURS IN OBTAINING SBA AND OTHER COMMERCIAL FINANCING THROUGH TECHNICAL ASSISTANCE AND LOAN PACKAGING SERVICES.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Worth knowing.

    Status was revoked on May 15, 2016 for not filing returns for three years. The IRS now lists it as tax-exempt again.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since January 2009.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.