PHILADELPHIA INDUSTRIAL DEVELOPMENT CORP: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- PHILADELPHIA INDUSTRIAL DEVELOPMENT CORP (EIN 23-6050858)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-11-13
- IRS object ID
- 201803179349304070
- Schema version
- 2017v2.3
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-11-13T12:40:06-06:00 | ReturnTs |
| Tax Period End | 2017-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2001 MARKET STREET SUITE 700 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2017-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 236050858 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Philadelphia Industrial Development | BusinessNameLine1Txt |
| Business Name Line2 | Corporation | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % TIFFANY CANADY | InCareOfNm |
| Business Name Control | PHIL | BusinessNameControlTxt |
| Phone | 2154968020 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 Market Street Suite 2600WEST | AddressLine1Txt |
| City | Philadelphia | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19102 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TIFFANY CANADY | PersonNm |
| Person Title | Sr Vice President | PersonTitleTxt |
| Phone | 2154968020 | PhoneNum |
| Signature | 2018-11-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Russlee Armstrong | PreparerPersonNm |
| PTIN | P00288383 | PTIN |
| Phone | 2155614200 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 209.220.136.124 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 23695320183175000026 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2018-11-13 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 723DCE0278216FC49ED02D71432F9BD539E90BC6 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 723DCE0278216FC49ED02D71432F9BD539E90BC6 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | John Grady | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 Market Street | AddressLine1Txt |
| City | Philadelphia | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $19,072,795 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.pidcphila.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1957 | FormationYr |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Activity Or Mission | PIDC plans and implements economic development initiatives which -ment initiatives which enhance the competitive environment, generate jobs and produce higher tax ratables throughout Philadelphia. | ActivityOrMissionDesc |
| Voting Members Governing Body | 28 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 28 | VotingMembersIndependentCnt |
| Total Employee | 124 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $877,244 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,227,564 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $16,268,860 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $17,845,156 | CYProgramServiceRevenueAmt |
| PY Investment Income | $0 | PYInvestmentIncomeAmt |
| CY Investment Income | $75 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $17,146,104 | PYTotalRevenueAmt |
| CY Total Revenue | $19,072,795 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $717,237 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $545,125 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $8,563,934 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $9,054,382 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $7,399,035 | PYOtherExpensesAmt |
| CY Other Expenses | $8,007,783 | CYOtherExpensesAmt |
| PY Total Expenses | $16,680,206 | PYTotalExpensesAmt |
| CY Total Expenses | $17,607,290 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $465,898 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,465,505 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $34,184,832 | TotalAssetsBOYAmt |
| Total Assets EOY | $48,086,281 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $26,965,757 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $38,480,122 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $7,219,075 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $9,606,159 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | PIDC PLANS AND IMPLEMENTS ECONOMIC DEVELOPMENT INITIATIVES WHICH ENHANCE THE COMPETITIVE ENVIRONMENT, GENERATE JOBS AND PRODUCE HIGHER TAX RATABLES THROUGHOUT THE CITY OF PHILADELPHIA (REFER TO SCHEDULE O FOR A DETAILED MISSION STATEMENT). | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $3,786,934 | ExpenseAmt |
| Grant | $223,200 | GrantAmt |
| Revenue | $5,600,164 | RevenueAmt |
| Desc | BELOW MARKET RATE LENDING: 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 2017, PIDC and its affiliates invested more than $1.9 billion of capital, with $49 million invested in low income communities. More than 50% of PIDCs small business lending was invested in minority or women owned businesses. PIDCs capital investment has helped to created or retain more than 36,000 jobs within Philadelphia during 2017. In addition to providing capital investment, PIDC and its affiliates also provide technical assistance training, educational workshops, one-on-one counseling and networking events designed to connect business owners to the knowledge and networks they need to support their growth. During 2017, PIDC held 37 workshops with more than 675 attendees. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,238,346 | ExpenseAmt |
| Grant | $321,925 | GrantAmt |
| Revenue | $2,402,899 | RevenueAmt |
| Desc | 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. During 2017, PIDC has administered $34 million in new grant funds, which have leveraged more than $205 million in total project investment. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,853,806 | ExpenseAmt |
| Revenue | $9,350,676 | RevenueAmt |
| Desc | PROPERTY MANAGEMENT: At the Navy Yard, 2017 was a big year for development, creativity, and energy. PIDC joined with its commercial development partners to cut the ribbon on Adaptimmunes new 47,400 SF U.S. headquarters and base for clinical and manufacturing. A new partnership with Mural Arts, has made the Navy Yard a site for creative experimentation and exploration through public art with three new installations by local artists. The Navy Yard launched the first phase of its community-shared solar power project, which includes installing 1,295 solar panels on a rooftop. PIDC also announced the completion of the six megawatt natural gas-fired peaking plant at the Navy Yard.Along the Lower Schuylkill River, PIDC, the City, and our partners continued to make early investments to transform this area into a 21st century commercial district. More than 40 acres of contaminated sites have been cleaned up, 64 new companies have been established adding 266 new employees, the riverfront trail was extended one mile, four acres of new riverfront greenspace created, and more than $100 million from public & private sources has been invested in the Innovation District. PIDC secured the land for Bartrams Mile extension, which opened in 2017, as well as the landing for the Schuylkill River Swing Bridge which will allow the next phase of the riverfront trail to connect across the river. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $159,170 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Revenue | $491,417 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $11,038,256 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | Yes (true) | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 157 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 124 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 28 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 28 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | false | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TIFFANY CANADY | PersonNm |
| Phone | 2154968136 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1500 MARKET ST SUITE 2600 WEST | AddressLine1Txt |
| City | Philadelphia | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19102 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (45 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| M Walter D'Alessio | ||||||||
| Chairman | 0.19 | 1.14 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Andrea Allon | ||||||||
| Vice Chairman | 0.19 | 1.14 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Terry Booker | ||||||||
| Director | 0.19 | 0.89 | Yes (X) | $0 | $0 | $0 | ||
| KEVIN R BOYLE | ||||||||
| Director | 0.19 | 0.54 | Yes (X) | $0 | $0 | $0 | ||
| Honorable Jannie Blackwell | ||||||||
| Director | 0.19 | 0.54 | Yes (X) | $0 | $0 | $0 | ||
| MICHAEL A BROWN | ||||||||
| Director | 0.03 | 0.11 | Yes (X) | $0 | $0 | $0 | ||
| Craig Carnaroli | ||||||||
| Director | 0.19 | 0.54 | Yes (X) | $0 | $0 | $0 | ||
| Christina Cavalieri | ||||||||
| Director | 0.03 | 0.11 | Yes (X) | $0 | $0 | $0 | ||
| Fred Cosenza | ||||||||
| Director | 0.03 | 0.11 | Yes (X) | $0 | $0 | $0 | ||
| Michael Diberardinis | ||||||||
| Director | 0.19 | 0.54 | Yes (X) | $0 | $0 | $0 | ||
| Rob Dubow | ||||||||
| Director | 0.19 | 0.54 | Yes (X) | $0 | $0 | $0 | ||
| Harold Epps | ||||||||
| Director | 0.19 | 0.54 | Yes (X) | $0 | $0 | $0 | ||
| Anne Fadullon | ||||||||
| Director | 0.19 | 0.54 | Yes (X) | $0 | $0 | $0 | ||
| Jay Goldstein | ||||||||
| Director | 0.19 | 0.54 | Yes (X) | $0 | $0 | $0 | ||
| Honorable Kenyatta Johnson | ||||||||
| Director | 0.19 | 0.54 | Yes (X) | $0 | $0 | $0 | ||
| Honorable James F Kenney | ||||||||
| Director | 0.19 | 0.54 | Yes (X) | $0 | $0 | $0 | ||
| Suzanne S Mayes | ||||||||
| Director | 0.03 | 0.11 | Yes (X) | $0 | $0 | $0 | ||
| Bob Moul | ||||||||
| Director | 0.03 | 0.11 | Yes (X) | $0 | $0 | $0 | ||
| ELIZABETH MURPHY | ||||||||
| Director | 0.03 | 0.11 | Yes (X) | $0 | $0 | $0 | ||
| Keith Orris | ||||||||
| Director | 0.03 | 0.11 | Yes (X) | $0 | $0 | $0 | ||
| Salvatore J Patti | ||||||||
| Director | 0.19 | 0.54 | Yes (X) | $0 | $0 | $0 | ||
| Bret Perkins | ||||||||
| Director | 0.19 | 0.54 | Yes (X) | $0 | $0 | $0 | ||
| Angelo R Perryman | ||||||||
| Director | 0.03 | 0.11 | Yes (X) | $0 | $0 | $0 | ||
| William R Sautter | ||||||||
| Director | 0.03 | 0.11 | Yes (X) | $0 | $0 | $0 | ||
| EVELYN SMALLS | ||||||||
| Director | 0.03 | 0.84 | Yes (X) | $0 | $0 | $0 | ||
| Sozi Tulante | ||||||||
| Director | 0.19 | 0.54 | Yes (X) | $0 | $0 | $0 | ||
| Robert C Wonderling | ||||||||
| Director | 0.19 | 0.54 | Yes (X) | $0 | $0 | $0 | ||
| John Grady | ||||||||
| President | 28.5 | 9.0 | Yes (X) | $400,249 | $0 | $85,781 | ||
| Samuel Rhoads | ||||||||
| Executive Vice President | 28.5 | 9.0 | Yes (X) | $254,225 | $0 | $72,188 | ||
| Anne Nevins | ||||||||
| Senior Vice President | 28.5 | 9.0 | Yes (X) | $231,579 | $0 | $56,946 | ||
| Thomas Dalfo | ||||||||
| senior Vice President | 28.5 | 9.0 | Yes (X) | $177,810 | $0 | $65,813 | ||
| Wanda Speight | ||||||||
| Senior Vice President | 28.5 | 9.0 | Yes (X) | $220,413 | $0 | $34,892 | ||
| Prema Gupta | ||||||||
| Senior Vice President | 4.0 | 33.5 | Yes (X) | $186,475 | $0 | $60,903 | ||
| Anthony Simonetta | ||||||||
| Senior Vice President | 28.5 | 9.0 | Yes (X) | $249,360 | $0 | $37,503 | ||
| Ilene Burak | ||||||||
| Senior Vice President | 28.5 | 9.0 | Yes (X) | $214,909 | $0 | $67,253 | ||
| Tiffany Canady | ||||||||
| Senior Vice President | 28.5 | 9.0 | Yes (X) | $162,177 | $0 | $50,306 | ||
| THOMAS QUEENAN | ||||||||
| Senior Vice President | 28.5 | 9.0 | Yes (X) | $177,291 | $0 | $50,788 | ||
| MARQUIS UPSHUR | ||||||||
| Vice President | 33.5 | 4.0 | Yes (X) | $110,360 | $0 | $45,403 | ||
| Joseph Mee | ||||||||
| Assistant Secretary | 28.5 | 9.0 | Yes (X) | $165,096 | $0 | $30,563 | ||
| CASSIE GARDNER | ||||||||
| Assistant Secretary | 28.5 | 9.0 | Yes (X) | $69,707 | $0 | $23,843 | ||
| Carole Bennis | ||||||||
| Vice President | 33.5 | 4.0 | $160,274 | $0 | $13,577 | Yes (X) | ||
| Marla Hamilton | ||||||||
| Vice President | 33.5 | 4.0 | $140,120 | $0 | $28,085 | Yes (X) | ||
| Carmen Zappile | ||||||||
| Vice President | 4.0 | 33.5 | $142,056 | $0 | $11,598 | Yes (X) | ||
| Kate McNamara | ||||||||
| Vice President | 28.5 | 9.0 | $143,295 | $0 | $61,978 | Yes (X) | ||
| Reed Lyons | ||||||||
| Vice President | 4.0 | 33.5 | $154,058 | $0 | $63,814 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,359,454 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $861,234 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 22 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BDO USA LLP | PersonNm |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | TEN PENN CENTER | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | AUDIT SERVICES | ServicesDesc |
| Compensation | $306,648 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $1,227,564 | GovernmentGrantsAmt |
| Total Contributions | $1,227,564 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| BELOW MARKET RATE LENDING | 900099 | $4,016,747 | $4,016,747 |
| CONTRACT & GRANT | 900099 | $2,402,899 | $2,402,899 |
| LOAN FEES | 900099 | $1,583,417 | $1,583,417 |
| SOFTWARE DEVELOPMENT | 900099 | $491,417 | $491,417 |
| PROPERTY MANAGEMENT | 900099 | $9,350,676 | $9,350,676 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $17,845,156 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $75 | TotalRevenueColumnAmt |
| Exclusion | $75 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $0 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $0 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $0 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $0 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $0 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $19,072,795 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $17,845,156 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $75 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $545,125 | TotalAmt |
| Program Services | $545,125 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,112,448 | TotalAmt |
| Program Services | $2,555,759 | ProgramServicesAmt |
| Management And General | $1,556,689 | ManagementAndGeneralAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,669,283 | TotalAmt |
| Program Services | $393,537 | ProgramServicesAmt |
| Management And General | $2,275,746 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $535,671 | TotalAmt |
| Program Services | $247,266 | ProgramServicesAmt |
| Management And General | $288,405 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,290,539 | TotalAmt |
| Program Services | $609,117 | ProgramServicesAmt |
| Management And General | $681,422 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $446,441 | TotalAmt |
| Program Services | $212,026 | ProgramServicesAmt |
| Management And General | $234,415 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,366 | TotalAmt |
| Management And General | $12,366 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $183,919 | TotalAmt |
| Management And General | $183,919 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,333 | TotalAmt |
| Management And General | $64,333 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $423,438 | TotalAmt |
| Management And General | $423,438 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $475,271 | TotalAmt |
| Program Services | $196,664 | ProgramServicesAmt |
| Management And General | $278,607 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $114,991 | TotalAmt |
| Program Services | $114,991 | ProgramServicesAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $118,455 | TotalAmt |
| Management And General | $118,455 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $663,375 | TotalAmt |
| Program Services | $615,111 | ProgramServicesAmt |
| Management And General | $48,264 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| OTHER EXPENSES | $1,454,176 | $1,051,201 | $402,975 |
| DIRECT CONTRACT EXPENSES | $4,497,459 | $4,497,459 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,607,290 | TotalAmt |
| Program Services | $11,038,256 | ProgramServicesAmt |
| Management And General | $6,569,034 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,439,711 | BOYAmt |
| EOY | $29,121,274 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,131,122 | BOYAmt |
| EOY | $419,423 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,883,036 | BOYAmt |
| EOY | $2,200,912 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $81,705 | BOYAmt |
| EOY | $39,475 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,847,109 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,676,515 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $277,424 | BOYAmt |
| EOY | $170,594 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,371,834 | BOYAmt |
| EOY | $16,134,603 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,184,832 | BOYAmt |
| EOY | $48,086,281 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,369,016 | BOYAmt |
| EOY | $2,215,153 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,657,766 | BOYAmt |
| EOY | $5,609,282 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $303,622 | BOYAmt |
| EOY | $367,372 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,421,497 | BOYAmt |
| EOY | $2,200,912 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,213,856 | BOYAmt |
| EOY | $28,087,403 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,965,757 | BOYAmt |
| EOY | $38,480,122 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,219,075 | BOYAmt |
| EOY | $9,606,159 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,219,075 | BOYAmt |
| EOY | $9,606,159 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,184,832 | BOYAmt |
| EOY | $48,086,281 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,465,505 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $921,579 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amounts | ArtPublicExhibitionAmountsGrp | |
| Held Works Art | HeldWorksArtGrp | |
| Agent Trustee Etc | false | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (true) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
| CY Minus3 Yr Endwmt Fund | CYMinus3YrEndwmtFundGrp | |
| CY Minus4 Yr Endwmt Fund | CYMinus4YrEndwmtFundGrp | |
| Land | LandGrp | |
| Buildings | BuildingsGrp |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $621,387 | OtherCostOrOtherBasisAmt |
| Depreciation | $621,387 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $719,555 | OtherCostOrOtherBasisAmt |
| Depreciation | $708,393 | DepreciationAmt |
| Book Value | $11,162 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $506,167 | OtherCostOrOtherBasisAmt |
| Depreciation | $358,360 | DepreciationAmt |
| Book Value | $159,432 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $170,594 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| DUE FROM RELATED PARTIES | $12,160,119 |
| DUE FROM AFFILIATED PARTIES | $3,953,392 |
| ACCRUED INTEREST RECEIVABLE | $21,092 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $16,134,603 | TotalBookValueOtherAssetsAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| DUE TO RELATED PARTIES | $20,438,695 |
| DUE TO AFFILIATED ENTITIES | $2,288,051 |
| ACCRUED POST RETIREMENT BENEFI | $2,961,262 |
| DUE TO OTHER AGENCIES | $2,399,395 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $28,087,403 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $19,072,795 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $19,072,795 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $19,072,795 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $16,685,711 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $16,685,711 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $921,579 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $921,579 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $17,607,290 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 include the assessment 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 percent likelihood of being realized upon ultimate settlement with the relevant taxing authority. Management does not believe that there are any uncertain tax positions for PIDC; 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 2014 remain open. |
| Reconciliation of Expenses | Part XII, Line 4b The change in pension and postretirement benefit other than net periodic benefit was $921,579 at December 31, 2017. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (19 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| Montgomery County Dev Corp | ||||||||
| 1430 DeKalb Street | Norristown | PA | 19401 | 232334149 | 501(c)(3) | $61,378 | $0 | ECON DEVELOPMENT |
| Bucks County Planning Commission | ||||||||
| 1260 Almhouse Rd | Doylestown | PA | 18901 | 236003044 | 501(c)(4) | $48,914 | ECON DEVELOPMENT | |
| Delaware County Economic Development | ||||||||
| 100 West 6th Street | Media | PA | 19063 | 232607596 | 501(c)(4) | $45,798 | $0 | ECON DEVELOPMENT |
| CHESTER COUNTY ECONOMIC DEVELOPMENT | ||||||||
| 737 Constitution Dr | Exton | PA | 19341 | 231576225 | 501(c)(6) | $38,450 | $0 | ECON DEVELOPMENT |
| Greater Berks Dev Fund | ||||||||
| 201 Penn Street | Reading | PA | 19601 | 236392284 | 501(c)(4) | $28,660 | $0 | ECON DEVELOPMENT |
| GABBA LLC | ||||||||
| 630 W Germantown Pike | King of Prussia | PA | 19406 | 274258420 | $27,474 | $0 | ECON DEVELOPMENT | |
| Stobba AssociatesLP | ||||||||
| 530 South 2nd Street | Philadelphia | PA | 19147 | 113154853 | $20,082 | $0 | ECON DEVELOPMENT | |
| Adams Plaza Associates | ||||||||
| 1801 Market StreetSuite 500 | Philadelphia | PA | 19103 | 232322343 | $17,883 | $0 | ECON DEVELOPMENT | |
| 1526-36 Frankford Avenue | ||||||||
| 809 N 2nd Street | Philadelphia | PA | 19123 | 452448667 | $15,000 | $0 | ECON DEVELOPMENT | |
| Front and Palmer Associates | ||||||||
| 809 N 2Nd Street | N Nd Street | PA | 19123 | 811867776 | $15,000 | $0 | ECON DEVELOPMENT | |
| Original 3l Ciderworks | ||||||||
| 1526 N American Street | Philadelphia | PA | 19122 | 463147168 | $15,000 | $0 | ECON DEVELOPMENT | |
| EBC Property LLC | ||||||||
| 712 Canterbury Lane | Horsham | PA | 19044 | 471839481 | $15,000 | $0 | ECON DEVELOPMENT | |
| Ali Albert Anaim DPM | ||||||||
| PO Box 950001280 | Philadelphia | PA | 19195 | 232978753 | $14,250 | $0 | ECON DEVELOPMENT | |
| Lucky Garden Development | ||||||||
| 1010 Race St | Philadelphia | PA | 19107 | 043670016 | $9,485 | $0 | ECON DEVELOPMENT | |
| C&C Frankford Property | ||||||||
| 1532 Frankford Avenue | Philadelphia | PA | 19125 | 815185908 | $7,750 | $0 | ECON DEVELOPMENT | |
| Globe Development Group | ||||||||
| 4500 Worth Street | Philadelphia | PA | 19124 | 261440154 | $6,895 | $0 | ECON DEVELOPMENT | |
| Boys & Girls Clubs of Philadelphia | ||||||||
| 1518 Walnut Street | Philadelphia | PA | 19102 | 231966756 | 501(c)(3) | $6,000 | $0 | ECON DEVELOPMENT |
| Miller Building Partner | ||||||||
| 441 N 5th Street | Philadelphia | PA | 19026 | 251826700 | $5,753 | $0 | ECON DEVELOPMENT | |
| JMR Inc | ||||||||
| 377 W 11th Street | NEW YORK | NY | 10014 | 134061494 | $5,455 | ECON DEVELOPMENT | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 2 | Total501c3OrgCnt |
| Total Other Org | 17 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Procedure for Monitoring Use of Grant Funds Inside U.S. | FormAndLineReferenceDesc |
| Explanation | 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. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (true) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (17 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| John Grady | ||||||||||||||
| President | $275,077 | $0 | $100,000 | $0 | $25,172 | $0 | $34,362 | $0 | $51,419 | $0 | $486,030 | $0 | $0 | $0 |
| Samuel Rhoads | ||||||||||||||
| Executive Vice President | $200,000 | $0 | $30,000 | $0 | $24,225 | $0 | $22,708 | $0 | $49,480 | $0 | $326,413 | $0 | $0 | $0 |
| Anne Nevins | ||||||||||||||
| Senior Vice President | $185,000 | $0 | $24,500 | $0 | $22,079 | $0 | $18,878 | $0 | $38,068 | $0 | $288,525 | $0 | $0 | $0 |
| Thomas Dalfo | ||||||||||||||
| senior Vice President | $160,000 | $0 | $7,500 | $0 | $10,310 | $0 | $15,075 | $0 | $50,738 | $0 | $243,623 | $0 | $0 | $0 |
| Wanda Speight | ||||||||||||||
| Senior Vice President | $180,000 | $0 | $15,000 | $0 | $25,413 | $0 | $17,639 | $0 | $17,253 | $0 | $255,305 | $0 | $0 | $0 |
| Prema Gupta | ||||||||||||||
| Senior Vice President | $160,577 | $0 | $7,500 | $0 | $18,398 | $0 | $15,127 | $0 | $45,776 | $0 | $247,378 | $0 | $0 | $0 |
| Anthony Simonetta | ||||||||||||||
| Senior Vice President | $195,000 | $0 | $30,000 | $0 | $24,360 | $0 | $20,250 | $0 | $17,253 | $0 | $286,863 | $0 | $0 | $0 |
| Ilene Burak | ||||||||||||||
| Senior Vice President | $175,000 | $0 | $8,500 | $0 | $31,409 | $0 | $16,515 | $0 | $50,738 | $0 | $282,162 | $0 | $0 | $0 |
| Tiffany Canady | ||||||||||||||
| Senior Vice President | $145,000 | $0 | $6,500 | $0 | $10,677 | $0 | $11,073 | $0 | $39,233 | $0 | $212,483 | $0 | $0 | $0 |
| THOMAS QUEENAN | ||||||||||||||
| Senior Vice President | $172,500 | $0 | $0 | $0 | $4,791 | $0 | $10,725 | $0 | $40,063 | $0 | $228,079 | $0 | $0 | $0 |
| MARQUIS UPSHUR | ||||||||||||||
| Vice President | $102,577 | $0 | $0 | $0 | $7,783 | $0 | $9,232 | $0 | $36,171 | $0 | $155,763 | $0 | $0 | $0 |
| Joseph Mee | ||||||||||||||
| Assistant Secretary | $147,965 | $0 | $6,900 | $0 | $10,231 | $0 | $13,310 | $0 | $17,253 | $0 | $195,659 | $0 | $0 | $0 |
| Carole Bennis | ||||||||||||||
| Vice President | $140,000 | $0 | $8,000 | $0 | $12,274 | $0 | $13,577 | $0 | $0 | $0 | $173,851 | $0 | $0 | $0 |
| Marla Hamilton | ||||||||||||||
| Vice President | $127,500 | $0 | $5,500 | $0 | $7,120 | $0 | $10,832 | $0 | $17,253 | $0 | $168,205 | $0 | $0 | $0 |
| Carmen Zappile | ||||||||||||||
| Vice President | $120,000 | $0 | $6,000 | $0 | $16,056 | $0 | $11,598 | $0 | $0 | $0 | $153,654 | $0 | $0 | $0 |
| Kate McNamara | ||||||||||||||
| Vice President | $120,000 | $0 | $5,000 | $0 | $18,295 | $0 | $11,240 | $0 | $50,738 | $0 | $205,273 | $0 | $0 | $0 |
| Reed Lyons | ||||||||||||||
| Vice President | $140,289 | $0 | $5,000 | $0 | $8,769 | $0 | $13,076 | $0 | $50,738 | $0 | $217,872 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 1 | Mission Statement PIDC has been Philadelphia's public-private economic development corporation since 1957. 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 development that creates 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 client's communities, and markets that energize Philadelphia's economy. Part III, Line 4D Software Development and Maintenance PIDC created a software program for its use that is specifically designed to assimilate, 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) 7 City Directors consisting of the seven officers of the City of Philadelphia; the Mayor of the City of Philadelphia, the Director of Commerce, the President of the Council, the Chairman of the Planning Commission, the City Solicitor, the Managing Director, and the Director of Finance. 2) 8 Chamber of Commerce Directors nominated by the President of the Greater Philadelphia Chamber of Commerce. 3) 15 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. The seat of the Director of Commerce and the Planning Commissioner is held by one person. |
| PART VI, LINE 7B | Decisions Subject to Approval The Board of Directors (comprised of the 28 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 15 directors including the seven (7) City Directors and eight (8) 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 Operations assembles the Form 990, and is reviewed internally and 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 $921,579 at December 31, 2017. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (6 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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) | Yes (true) | 11 type 1 | PIDC | |
| PIDC- Penn Venture Fund | |||||||||||
| 1500 Market Street | Philadelphia | PA | 19102 | 271585341 | Econ Develop. | PA | 501(c)(4) | N/A | false | ||
| Food Distribution Center | |||||||||||
| 1500 Market Street | Philadelphia | PA | 19102 | 231475639 | Econ Develop. | PA | 115 | N/A | false | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (true) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (true) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | Yes (true) | LoansOrGuaranteesFromOthOrgInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (true) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (true) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PIDC-COMMUNITY CAPITAL | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | p | TransactionTypeTxt |
| Involved | $1,300,000 | InvolvedAmt |
| Method Of Amount Determination | Contractual Fee | MethodOfAmountDeterminationTxt |