2019-11-14T10:00:46-06:00 2018-12-31 GRANT THORNTON LLP 2001 MARKET STREET SUITE 700 PHILADELPHIA PA 19103 990 2018-01-01 236050858 Philadelphia Industrial Development Corporation % TIFFANY CANADY PHIL 2154968020 1500 Market Street Suite 3500West Philadelphia PA 19102 TIFFANY CANADY Sr Vice President 2154968020 2019-11-13 true Russlee Armstrong P00288383 2155614200 65.229.27.130 23695320193185000004 2019-11-14 P AC08E55F6304B70EBC6FB54820696A8E131A0791 5ECDBAAA2251BF06823C096906AB0990A13F2727 2018 2020-03-31 21:24:44Z X John Grady 1500 Market St ste 3500W Philadelphia PA 19102 23455965 false X www.pidcphila.org X 1957 PA PIDC PLANS AND IMPLEMENTS ECONOMIC DEVELO PMENT INITIATIVES WHICH ENHANCE THE COMPETITIVE ENVIRONMENT, GENERATE JOBS AND PRODUCE HIGHER TAX RATABLES THROUGHOUT PHILADELPHIA. 30 30 146 0 73225 1227564 1316014 17845156 22112155 75 27796 0 0 19072795 23455965 545125 1171857 0 0 9054382 7617454 0 0 0 8007783 10379271 17607290 19168582 1465505 4287383 48086281 43564184 38480122 29984450 9606159 13579734 X Mission Statement PIDC has been Philadelphia's public-private economic development corporation since 1958. As a public-private partnership founded by the City of Philadelphia and the Greater Philadelphia Chamber of Commerce, PIDC's mission is to spur investment, support business growth, and foster developments that create jobs, revitalize neighborhoods, and drive growth to every corner of Philadelphia. To achieve this mission, PIDC attracts, manages, and invests public and private resources in the clients, communities, and markets that energize Philadelphia's economy. false false 3940740 295145 7426727 Supporting Growing Businesses: PIDC PROVIDES SUPPORT TO ITS AFFILIATES (PIDC LOCAL DEVELOPMENT CORPORATION, PIDC COMMUNITY CAPITAL, PIDC FINANCING CORPORATION AND PIDC PENN VENTURE FUND) TO INVEST FLEXIBLE, AFFORDABLE CAPITAL IN GROWING COMPANIES TO HELP THEM SUCCEED. PIDC AND ITS AFFILIATES PROVIDE CAPITAL WHERE TRADITIONAL FINANCING IS DIFFICULT TO ACCESS OR NOT ABLE TO MEET AN OWNERS NEEDS. IN 2018, PIDC AND ITS AFFILIATES PROVIDED 64 LOANS TOTALING NEARLY $12.5 MILLION OF CAPITAL TO SMALL AND MIDSIZED BUSINESSES IN PHILADELPHIA. IN ADDITION TO PROVIDING financing, PIDC AND ITS AFFILIATES ALSO PROVIDE business support services, which includes EDUCATIONAL WORKSHOPS, ONE-ON-ONE COUNSELING AND NETWORKING EVENTS DESIGNED TO CONNECT BUSINESS OWNERS TO THE KNOWLEDGE AND NETWORKS THEY NEED TO SUPPORT GROWTH. DURING 2018, PIDC HELD 45 WORKSHOPS WITH MORE THAN 637 ATTENDEES. PIDC ALSO INVESTS IN HIGH-IMPACT COMMUNITY REVITALIZATION PROJECTS TO BRING CRITICAL GOODS AND SERVICES, CREATE JOBS, AND ELIMINATE BLIGHT THROUGHOUT THE CITY. IN 2018, PIDC INVESTED $110 MILLION THROUGH 25 LOANS IN CATALYTIC PROJECTS IN NEIGHBORHOODS THROUGHOUT PHILADELPHIA. 4165642 871712 2893852 CONTRACT MANAGEMENT: PIDC PROVIDES SERVICES TO MANAGE FUNDING AND DISTRIBUTION OF GRANTS TO BE USED FOR PROJECTS THAT FACILITATE JOB CREATION AND ECONOMIC DEVELOPMENT WITHIN PHILADELPHIA. 5462921 5000 11270229 PROPERTY MANAGEMENT: AT THE NAVY YARD, 2018 WAS A BIG YEAR FOR DEVELOPMENT, PLACEMAKING, AND INVESTMENT. AXALTA CUT THE RIBBON ON ITS GLOBAL INNOVATION CENTER, THE LARGEST COATINGS RESEARCH AND DEVELOPMENT CENTER IN THE WORLD. LIFE SCIENCES LEADER WUXI APPTEC BROKE GROUND ON ITS 4TH NAVY YARD FACILITY. THE 208,000 SQUARE FOOT FIVE CRESCENT DRIVE BUILDING WAS SOLD FOR $130.5 MILLION, SETTING A NEW PER-SQUARE-FOOT PRICE FOR OFFICE SALES IN PHILADELPHIA. THE NAVAL FOUNDRY AND PROPELLER CENTER CELEBRATED 100 YEARS AND BEGAN AN EXPANSION THAT WILL DOUBLE ITS EMPLOYMENT. ALSO, LANGLEY AVENUE RECONSTRUCTION WAS COMPLETED, PROVIDING NEW ACCESS FROM BROAD STREET. ALONG THE LOWER SCHUYLKILL RIVER, PIDC, THE CITY OF PHILADELPHIA, AND OUR PARTNERS CONTINUE TO MAKE EARLY INVESTMENTS TO TRANSFORM THE 3,700 ACRES. STATE AND FEDERAL GRANT FUNDING ALLOWED PIDC TO DEMOLISH AND REMEDIATE A VACANT, CONTAMINATED INDUSTRIAL SITE AS PART OF THE 34TH STREET GATEWAY PROJECT. WE ALSO INITIATED A SERIES OF PLANNING ACTIVITIES WITH BARTRAMS GARDEN, PHILADELPHIA HOUSING AUTHORITY, THE CITY AND RESIDENT STAKEHOLDER GROUPS FOR REDEVELOPMENT OF THE BROADER RIVERFRONT AREAS. IN ADDITION, WE INITIATED A PLANNING EFFORT TO PROMOTE CAPITAL ACCESS FOR EQUITABLE DEVELOPMENT IN SOUTHWEST PHILADELPHIA FUNDED BY JP MORGAN CHASE. IT WAS AN ACTIVE YEAR FOR COMMERCIAL AND INDUSTRIAL LAND SALES AS PIDC CONTINUED TO POSITION ITS LAND FOR DEVELOPMENT. IN APRIL 2018, PIDC AND OUR PARTNERS RELEASED PHILADELPHIA DELIVERS: A HUB FOR LOGISTICS AND DISTRIBUTION OUTLINING THE CASE FOR LOGISTICS AND DISTRIBUTION FACILITIES ON PHILADELPHIAS WELL-SUITED INDUSTRIAL LAND. SINCE THE RELEASE OF THIS REPORTS, THERE HAVE BEEN SEVERAL MAJOR INVESTMENTS IN THIS INDUSTRY. IN NOVEMBER 2018, PIDC JOINED WITH PARTNERS FROM THE CITY, JLL AND RIDGE DEVELOPMENT (A TRANSWESTERN DEVELOPMENT COMPANY) TO BREAK GROUND ON THE FIRST SPECULATIVE LOGISTICS DEVELOPMENT IN PHILADELPHIA IN DECADES: PHILADELPHIA LOGISTICS CENTER- A STATE-OF-THE-ART FACILITY LOCATED IN NORTHEAST PHILADELPHIA. 56584 521347 13625887 false false false false false false false true false true false false true true true false true false false false false false false false false false true false true false false false false false false false false false false false false false true true true false true 182 0 true 146 true true true false false false false false false false X 30 30 false false false false true false true true true false false false true false true true true true false false PA X TIFFANY CANADY 2154968136 1500 MARKET ST SUITE 3500 WEST Philadelphia PA 19102 M Walter D' Alessio Chariman 0.19 1.13 X X 0 0 0 Andrea Allon Vice Chairman 0.19 1.13 X X 0 0 0 Terry Booker Director 0.19 0.88 X 0 0 0 Brian Abernathy Director 0.19 0.53 X 0 0 0 Kevin R boyle Director 0.19 0.53 X 0 0 0 Honorable Jannie Blackwell Director 0.19 0.53 X 0 0 0 Michael A Brown Director (End 8/2018) 0.03 0.1 X 0 0 0 Craig Carnaroli Director 0.19 0.53 X 0 0 0 Chirstina Cavalieri Director 0.03 0.1 X 0 0 0 Fred Cosenza Director 0.03 0.1 X 0 0 0 Michael Diberardnis Director 0.19 0.53 X 0 0 0 Rob Dubow Director 0.19 0.53 X 0 0 0 Harlod Epps Director 0.19 0.53 X 0 0 0 Anne Fadullon Director 0.19 0.53 X 0 0 0 Jay Goldstein Director 0.19 1.13 X 0 0 0 HONORABLE KENYATTA JOHNSON Director 0.19 0.53 X 0 0 0 LEROY E JONES Director 0.03 0.1 X 0 0 0 Honorable James F Kenney Director 0.19 0.53 X 0 0 0 Suzanne S Mayes Director 0.03 0.1 X 0 0 0 Bob Moul Director 0.03 0.1 X 0 0 0 Elizabeth Murphy Director 0.03 0.1 X 0 0 0 Anne K Nadol Director 0.03 0.1 X 0 0 0 Keith orris Director 0.03 0.1 X 0 0 0 Salvatore J Patti Director 0.19 0.53 X 0 0 0 Bret Perkins Director 0.19 0.53 X 0 0 0 Angelo R Perryman Director 0.03 0.1 X 0 0 0 Marcel S Pratt Director 0.19 0.53 X 0 0 0 William R Sautter Director 0.03 0.1 X 0 0 0 Evelyn Smalls Director 0.03 1.56 X 0 0 0 SOZI TULANTE DIRECTOR (End 3/2018) 0.19 0.52 X 0 0 0 ROBERT C WONDERLING DIRECTOR 0.19 0.52 X 0 0 0 Alba Martinez Director 0.03 0.1 X 0 0 0 John Grady President 24.5 13.0 X 399677 0 69414 Sam Rhoads Executive Vice President 24.5 13.0 X 259500 0 60283 Anne Nevins Senior Vice President 24.5 13.0 X 243700 0 40662 Thomas Queenan Senior Vice President 24.5 13.0 X 243800 0 49978 Prema Gupta Senior Vice President 33.5 4.0 X 194816 0 52692 Tom Dalfo Senior Vice President 33.5 4.0 X 188150 0 56789 Wanda Speight Senior Vice President 5.0 32.5 X 222100 0 13819 Ilene Burak Senior Vice President 33.5 4.0 X 220090 0 57748 Tiffany Canady Senior Vice President 20.0 17.5 X 180539 0 44955 Marquis Upshur Senior Vice President 37.5 0.0 X 125053 0 40075 Cassie Gardner Assistant Secretary 30.0 7.5 X 72130 0 20458 Marla Hamilton Vice President 37.5 0.0 X 153806 0 24567 Shayne Moore Vice President 37.5 0.0 X 145849 0 8484 Kathleen McNamara Vice President 37.5 0.0 X 153500 0 54394 Ralph Brown Vice President 37.5 0.0 X 131380 0 4237 Carmen Zappile Vice President 37.5 0.0 X 144386 0 8162 3078476 0 606717 26 false true false BDO USA LLP 1801 Market Street Suite 1700 PHILADELPHIA PA 19103 Accounting 299964 LEVLANE ADVERTISING INC 100 E Penn Square PHILADELPHIA PA 19107 Marketing 115053 2 1316014 1316014 SUPPORTING GROWING BUSINESSES 900099 5817438 5817438 CONTRACT & GRANT 900099 2893852 2893852 LOAN FEES 900099 1609289 1609289 SOFTWARE DEVELOPMENT 900099 521347 521347 PROPERTY MANAGEMENT 900099 11270229 11270229 22112155 27796 27796 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 23455965 22112155 27796 1171857 1171857 0 0 0 2318548 880966 1437582 0 3232085 1550234 1681851 463179 243867 219312 1146660 721900 424760 456982 198054 258928 0 38071 38071 176746 176746 0 0 0 354746 354746 0 0 0 0 475768 179948 295820 0 0 0 9384 9384 0 54463 54463 669774 635146 34628 OTHER EXPENSES 1825047 1259259 565788 DIRECT CONTRACT EXPENSES 6775272 6775272 19168582 13625887 5542695 0 29121274 29094745 0 0 0 0 419423 1271062 0 0 0 0 2200912 0 0 0 39475 94641 1854880 1643199 170594 211681 0 0 0 0 0 0 0 0 16134603 12892055 48086281 43564184 2215153 1725752 0 0 5609282 6031580 0 0 367372 1097372 0 0 0 0 2200912 0 28087403 21129746 38480122 29984450 X 9606159 13579734 0 0 0 0 9606159 13579734 48086281 43564184 X 4287383 -313808 X false true X true true true false true 621388 621388 0 376433 241977 134456 857059 779834 77225 211681 DUE FROM RELATED PARTIES 11160119 DUE FROM AFFILIATED PARTIES 1731936 12892055 0 DUE TO RELATED PARTIES 15113545 DUE TO AFFILIATED ENTITIES 1229677 ACCRUED POST RETIREMENT BENEFI 2419079 DUE TO OTHER AGENCIES 2367445 21129746 X 23455965 23455965 23455965 19482390 313808 313808 19168582 19168582 Escrow and Custodial Arrangements The Escrow account represents interest earned that is payable to the Delaware River Port Authority on loans managed by PIDC. FIN 48 (ASC 740) FOOTNOTE Philadelphia Industrial Development Corporation (PIDC) and its affiliates present combined financial statements. The combined financial statements follows the guidance for Accounting for Uncertainty in Income Taxes, which requires that a tax position be recognized or derecognized based on a more likely than not threshold. For tax positions meeting the more likely than not threshold, the amount recognized in the combined financial statements is the largest benefit that has a greater than 50% chance of being realized upon ultimate settlement with the relevant taxing authority. Management does not believe its financial statements include any material uncertain tax positions; as such, no provision is recorded in the combined statements of activities. PIDC is required to file tax returns with the Internal Revenue Service (IRS). Income tax returns are subject to examination by the IRS for a period of three years. While no income tax returns are currently being examined by the IRS, tax years since 2015 remain open. Reconciliation of Expenses Part XII, Line 2d The change in pension and postretirement benefit other than net periodic benefit was $313,808 at December 31, 2018. true Kutztown University SBDC 15200 Kutztown Rd Kutztown PA 19530 232710197 501(c)(3) 200128 Economic Development Weidner University SBDC 1304 Walnut St Suite 117 Chester PA 19013 231386178 501(c)(3) 96284 Economic Development Lehigh University SBDC 416 E 5th Street Bethlehem PA 18015 240795445 501(c)(3) 74082 Economic Development Montgomery County Development Corp 1430 DeKalb Street Norristown PA 19401 232334149 501(c)(3) 71248 Economic Development Chester County Economic Dev Foundation 737 Constitution Drive Exton PA 19341 231576225 501(c)(6) 65915 Economic Development Bucks County Planning Commission 1260 Almshouse Road Doylestown PA 19801 236003044 501(c)(4) 58784 Economic Development Delaware County Economic 100 West 6th Street Suite 100 Media PA 19063 232607596 501(c)(4) 55668 Economic Development Greater Berks Dev Fund 201 Penn Street Reading PA 19601 236392284 501(c)(4) 38530 Economic Development Bowman Properties 8238 Germantown Avenue Philadelphia PA 19118 232472345 34566 Economic Development Mayfair Business Improvement District 2990 St Vincent Street Philadelphia PA 19149 231075227 501(c)(3) 30670 Economic Development Goldenberg AssociatesLP 2990 St Vincent Street Blue Bell PA 19422 232380620 27493 Economic Development Pearl Properties Commercial Mgmt 110 S 19th StreetSuite 300 Philadelphia PA 19103 205577533 18000 Economic Development Frankford Community Development Corp 4667 Paul Street Philadelphia PA 19124 232738932 501(c)(3) 17000 Economic Development Korean Community Dev't Service CTR 6055 N 5th Street Philadelphia PA 19120 232303766 501(c)(3) 15000 Economic Development Oxford Circle Christian Development 900 E Howell Street Philadelphia PA 19149 204984694 501(c)(3) 12500 Economic Development The Food Trust 1617 JFK Blvd Philadelphia PA 19103 232678383 501(c)(3) 12500 Economic Development M London Inc 500 W Girard Avenue Philadelphia PA 19123 231745129 12373 Economic Development GABB LLC 1008 w 9th Avenue King of Prussia PA 19406 274258420 12230 Economic Development Jefferson Four 200 West Washington Square Philadelphia PA 19106 810832064 12103 Economic Development Princeton Plaza Associates 1801 Market Street Philadelphia PA 19103 232061653 10519 Economic Development Esperanza Health Center 4417 N 6th Street Philadelphia PA 19140 232480701 501(c)(3) 9000 Economic Development Phila Chinatown Deve Corp 301-305 N 9th Street Philadelphia PA 19107 237439723 501(c)(3) 8410 Economic Development Nueva Esperanza Housing 4261 North 5th Street Philadelphia PA 19140 232952060 501(c)(3) 8000 Economic Development NE Callowhill Center LLC 990 Spring Garden Street Philadelphia PA 19123 821637995 7639 Economic Development Passyunk Ave Revitalization Corp 1134 Titan Street Philadelphia PA 19147 232973751 501(c)(3) 7500 Economic Development Desmond Spencer 6200 Woodland Ave Philadelphia PA 19142 473513312 6000 Economic Development 13 13 Procedure for Monitoring Use of Grant Funds Inside U.S. PIDC has controls in place to ensure grant proceeds will be used and distributed in accordance with the terms of the grant agreement. A review of grant proceeds is done during the application process, through which, grantees request funds. Management reviews the documentation provided by grantees to ensure the request meets the criteria of the grant agreement. X X false false false false false false false true false John Grady President 318500 0 75000 0 6177 0 22871 0 46543 0 469091 0 0 0 Sam Rhoads Executive Vice President 229500 0 30000 0 0 0 14100 0 46183 0 319783 0 0 0 Anne Nevins Senior Vice President 213500 0 25000 0 5200 0 13216 0 27446 0 284362 0 0 0 Thomas Queenan Senior Vice President 213800 0 30000 0 0 0 13275 0 36703 0 293778 0 0 0 Prema Gupta Senior Vice President 187316 0 7500 0 0 0 10650 0 42042 0 247508 0 0 0 Tom Dalfo Senior Vice President 178150 0 10000 0 0 0 10650 0 46139 0 244939 0 0 0 Wanda Speight Senior Vice President 209500 0 12600 0 0 0 11915 0 1904 0 235919 0 0 0 Ilene Burak Senior Vice President 198090 0 9000 0 13000 0 11340 0 46408 0 277838 0 0 0 Tiffany Canady Senior Vice President 173539 0 7000 0 0 0 8290 0 36665 0 225494 0 0 0 Marquis Upshur Senior Vice President 119553 0 5500 0 0 0 7080 0 32995 0 165128 0 0 0 Marla Hamilton Vice President 148706 0 5100 0 0 0 8713 0 15854 0 178373 0 0 0 Shayne Moore Vice President 139349 0 6500 0 0 0 8349 0 135 0 154333 0 0 0 Kathleen McNamara Vice President 143500 0 10000 0 0 0 8100 0 46294 0 207894 0 0 0 Carmen Zappile Vice President 138386 0 6000 0 0 0 8032 0 130 0 152548 0 0 0 Non-Fixed Payments Part I, Line 7 PIDC has established a Compensation Program to ensure the salaries and benefits paid to officers and employees is fair, competitive, and reflective of an employee's actual performance. The compensation structure embeds a risk based component that considers achievement of performance goals. Defined Benefit Plan Part II, Column C PIDC offers a defined benefit plan (the Plan) to its employees. Participants become eligible to receive retirement benefits the first month on or the next following attainment of age 60 and completion of 5 years of vesting service from the date they become eligible participants of the Plan. Effective December 31, 2014, the Plans existing participants accrued benefits were frozen, and no new participants were allowed into the Plan. As a result of the Plans freeze, the benefit is based upon a participants service and compensation as of December 31, 2014, and expressed in the form of a fixed monthly benefit for his/her life commencing at normal retirement. The Form 990 requires management to report as deferred compensation the annual increase or decrease in actuarial value, if any, of a defined benefit plan. As the change in the present value of the defined benefit plans liability does not correspond to the actual benefit due to the Plan participants and the Plan was frozen effective December 31, 2014, management did not report a value within Part II (C). The values that are disclosed in Part II (C) include employer 401K contributions Part III, Line 4D Software Development and Maintenance PIDC created a software program for its use that is specifically designed to collect, track, and report the information required by local, state, and federal regulators/authorities. PIDC licenses the software to similarly situated tax exempt organizations for the management of their loan and grant portfolios and reporting requirements. Part IV, Line 35 Support Schedule Pursuant to section 1.509(A)-4 of the Treasury Regulations, a 501(C)(3) organization can be the supporting organization of a 501(C)(4) organization provided that the supported organization meets the requirements under 509(A)(2). PIDC has provided Schedule A to support the determination that PIDC meets the 509(A)(2) test PART VI, LINE 6 Members or Stockholders The members of PIDC are the persons who are the directors of the Corporation. The business and affairs of the Corporation are managed by the directors. The organization has three classes of directors: 1) 8 City Directors consisting of the eight officers of the City of Philadelphia; the Mayor of the City of Philadelphia, the Director of Commerce, two members of the City Council who is designated by the President of City Council, the Director of Planning & Development, the City Solicitor, the Managing Director, and the Director of Finance. 2) 9 Chamber of Commerce Directors nominated by the President of the Greater Philadelphia Chamber of Commerce. 3) 13 Public Directors as nominated jointly by the President of the Greater Philadelphia Chamber of Commerce and the Director of Commerce of the City of Philadelphia. PART VI, LINE 7B Decisions Subject to Approval The Board of Directors (comprised of the 30 members) is authorized to approve by appropriate resolution the purchase, sale, lease, mortgage pledge, or other disposal of real estate and the borrowing of money for that purpose. In addition, between the times of the Board of Directors meetings, the Executive Committee has the right to exercise the authority of the Board of Directors. The Executive committee consists of 17 directors including the eight (8) City Directors and nine (9) Chamber Directors who are named to the Board of Directors. The Chairman of the Board of Directors is also the Chairman of the Executive Committee. PART VI, LINE 11B Form 990 Review Process PIDC's Senior Vice President of Accounting & Finance assembles the information for the Form 990. The Form 990 is reviewed internally, and is prepared and reviewed by PIDC's outside tax advisors. The Form 990 is required to be reviewed by the Audit Committee of the Board prior to filing with the Internal Revenue Service. The Form 990 is made available to all Board members upon request. PART VI, LINE 12C Conflict of Interest Policy Monitoring & Enforcement All Directors of the organization must disclose the nature and extent of any interests, direct or indirect, contact, and/or activity related to such projects promoted by the organization. No director who has such an interest can vote on any matter relating to it. The disclosure is retained in the minute book of the organization. In addition, PIDC has included a conflict of interest policy within the Personnel Policy Manual, and is applicable to all employees of PIDC (and its combined entities, together the Corporation). Further, on a periodic basis, the Corporation requires the officers of the Corporation to disclose any conflicted interests. PART VI, LINE 15A Process for Determining Compensation The compensation for PIDC's CEO is approved by the compensation committee, which includes the Chairman of the Board of Directors and designated Board members appointed by the Chairman of the Board of Directors. Part VI, Line 15B Process for Determining Compensation PIDC has established a compensation program to ensure the compensation, including bonuses paid to officers and employees, is fair, competitive, and reflective of employee's actual performance. For PIDC's senior executives, this includes establishing performance standards at the beginning of the year, which are used by the CEO to measure each executive's performance at year end. PIDC periodically performs pay-range surveys of other comparable employers and monitors trends in compensation. In addition, the compensation structure embeds a risk based component that considers achievement of performance goals. PART VI, LINE 18 How Documents are Made Available to the Public PIDC makes its Form 990 available to the public by retaining a copy at its place of business. Part VI, Line 19 How Documents Are Made Available to the Public PIDC financial statements and governing documents (including the conflict of interest policy) are not ordinarily made available to the public. PART XI, LINE 9 Reconciliation of Net Assets The change in pension and postretirement benefit other than net periodic benefit was $(313,800) at December 31, 2018. PIDC- Development Management Corporation 1500 Market Street Philadelphia PA 19102 232176818 Econ Develop. PA 501(c)(4) N/A false PIDC- Financing Corporation 1500 Market Street Philadelphia PA 19102 364665239 Econ Develop. PA 501(c)(4) N/A false PIDC- Local Development Corporation 1500 Market Street Philadelphia PA 19102 300598934 Econ Develop. PA 501(c)(4) N/A false PIDC COMMUNITY CAPITAL 1500 Market Street Philadelphia PA 19102 232889102 Econ Develop. PA 501(c)(3) 11 type 1 PIDC true PIDC- Penn Venture Fund 1500 Market Street Philadelphia PA 19102 271585341 Econ Develop. PA 501(c)(4) N/A false true false false true true false false false false false false false false false false true true false false PIDC-COMMUNITY CAPITAL p 1750000 Contractual Fee