Civic Intelligence

Allentown Economic Development Corporation

990 • Fiscal year 2023 • EIN 23-2101393

Jul 01, 2022 to Jun 30, 2023 • Filed on May 10, 2024

Organization ProfileWWW.ALLENTOWNEDC.COM

View Organization Page

905 Harrision StAllentown, PA 18103

(610) 435-8890

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

73rd percentile

0.46x

Higher debt load relative to assets than 73% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

100th percentile

114%

Higher net margin than 100% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

40th percentile

$154,142

Higher top officer pay than 40% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

1st percentile

-50%

Faster asset growth than 1% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Down

$14,594,861

Down $14,681,671 (-50%) from 2022

Net Assets

Down

$7,919,764

Down $15,837,328 (-67%) from 2022

Liabilities

Up

$6,675,097

Up $1,155,657 (+21%) from 2022

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$13,870,273

Down $16,099,629 (-722%) from 2022

Expenses

Up

$1,967,055

Up $84,121 (+4.5%) from 2022

Net Income

Down

-$15,837,328

Down $16,183,750 (-4672%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2011: $28,741,447Liabilities 2011: $4,893,402Net Assets 2011: $23,848,0452011Assets 2012: $28,120,975Liabilities 2012: $4,556,644Net Assets 2012: $23,564,3312012Assets 2013: $28,691,295Liabilities 2013: $4,343,146Net Assets 2013: $24,348,1492013Assets 2014: $29,510,323Liabilities 2014: $4,378,588Net Assets 2014: $25,131,7352014Assets 2015: $27,910,115Liabilities 2015: $3,779,019Net Assets 2015: $24,131,0962015Assets 2016: $28,002,532Liabilities 2016: $3,674,001Net Assets 2016: $24,328,5312016Assets 2017: $28,409,332Liabilities 2017: $3,628,296Net Assets 2017: $24,781,0362017Assets 2018: $29,169,004Liabilities 2018: $5,270,469Net Assets 2018: $23,898,5352018Assets 2019: $28,589,201Liabilities 2019: $5,460,864Net Assets 2019: $23,128,3372019Assets 2020: $28,881,129Liabilities 2020: $5,716,438Net Assets 2020: $23,164,6912020Assets 2021: $28,611,870Liabilities 2021: $5,610,113Net Assets 2021: $23,001,7572021Assets 2022: $29,276,532Liabilities 2022: $5,519,440Net Assets 2022: $23,757,0922022Assets 2023: $14,594,861Liabilities 2023: $6,675,097Net Assets 2023: $7,919,7642023Assets 2024: $11,184,689Liabilities 2024: $3,715,333Net Assets 2024: $7,469,3562024

Highlighted filing

2023

Assets$14,594,861
Liabilities$6,675,097
Net Assets$7,919,764
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$5.0M$0-$5.0M-$10M-$15M-$20MRevenue 2011: $1,676,645Expenses 2011: $1,978,750Net Income 2011: -$302,1052011Expenses 2012: $1,648,3532012Expenses 2013: $1,491,8992013Revenue 2014: $2,391,678Expenses 2014: $1,608,092Net Income 2014: $783,5862014Revenue 2015: $686,645Expenses 2015: $1,687,284Net Income 2015: -$1,000,6392015Revenue 2016: $1,833,125Expenses 2016: $1,635,691Net Income 2016: $197,4342016Revenue 2017: $2,042,350Expenses 2017: $1,589,845Net Income 2017: $452,5052017Revenue 2018: $1,577,103Expenses 2018: $1,775,878Net Income 2018: -$198,7752018Revenue 2019: $982,360Expenses 2019: $1,752,558Net Income 2019: -$770,1982019Revenue 2020: $1,730,835Expenses 2020: $1,694,481Net Income 2020: $36,3542020Revenue 2021: $1,731,246Expenses 2021: $1,894,181Net Income 2021: -$162,9352021Revenue 2022: $2,229,356Expenses 2022: $1,882,934Net Income 2022: $346,4222022Revenue 2023: -$13,870,273Expenses 2023: $1,967,055Net Income 2023: -$15,837,3282023Revenue 2024: $1,706,842Expenses 2024: $2,157,250Net Income 2024: -$450,4082024

Highlighted filing

2023

Revenue-$13,870,273
Expenses$1,967,055
Net Income-$15,837,328
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 10, 2024
Return Version
2022v5.0
Gross Receipts
$2,197,322
Mission and Program Overview

Mission

To proactively identify, encourage, manage and develop strategic business opportunities for the benefit of allentown, its citizens, and the lehigh valley.

To proactively identify, encourage, and develop business opportunities for the lehigh valley.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$23,805,258$7,703,541▼ $16,101,717
Other Notes and Loans Receivable, Net$1,931,811$3,400,561▲ $1,468,750
Savings and Temporary Cash Investments$3,301,115$3,212,362▼ $88,753
Accounts Receivable$128,668$151,715▲ $23,047
Cash and Non-Interest-Bearing Accounts$109,680$126,682▲ $17,002
Total Assets$29,276,532$14,594,861▼ $14,681,671
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,585,379$5,970,112▲ $1,384,733
Other Liabilities$454,000$504,000▲ $50,000
Escrow Account Liability$108,429$124,974▲ $16,545
Accounts Payable and Accrued Expenses$357,534$64,211▼ $293,323
Deferred Revenue$14,098$11,800▼ $2,298
Total Liabilities$5,519,440$6,675,097▲ $1,155,657
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$20,945,212$5,032,299▼ $15,912,913
Net Assets With Donor Restrictions$2,811,880$2,887,465▲ $75,585
Total Net Assets Fund Balance$23,757,092$7,919,764▼ $15,837,328
Total Liabilities and Net Assets / Fund Balance$29,276,532$14,594,861▼ $14,681,671

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,304,637$8,322,027$15,626,664
Land$377,799-$377,799
Equipment$21,105$221,211$242,316
Compensation and Service Providers
Top Officer Pay40th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
R Scott UngerExecutive DirectorFT$133,000$21,142$154,142

Board Members and Trustees

NameTitle
Donald M BernhardChairman
John G EnglessonVice Chairman
Dan QuayDirector
Darnell ScottDirector
Daryl HendricksDirector
David QuierDirector
Don CunninghamDirector
Edward RomaDirector
Frank KaneDirector
James K HarbaughDirector
Matthew TuerkDirector
Vicky KistlerDirector
Matthew B GreenSecretary
Susan E YoungsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$7,510
Program Service Revenue
$1,711,566
Investment Income
$-15,615,390
Other Revenue
$26,041
All Other Contributions
$7,510
Change in Net Assets
$-15,837,328

Audited Revenue Reconciliation

Revenue per Audited Statements
$-13,870,273
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$-13,870,273
Total Revenue per Form 990
$-13,870,273
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,244,535
Salaries, Compensation, and Employee Benefits$722,520
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$486,850--$486,850
Other Salaries and Wages$262,047$173,448-$435,495
Occupancy$289,735$3,959-$293,694
Current Officers, Directors, Trustees, and Key Employees$46,013$138,040-$184,053
Interest$120,044$1,612-$121,656
Insurance$94,460$15,541-$110,001
Fees for Services Other$47,283$17,143-$64,426
Other Employee Benefits$35,141$26,193-$61,334
Payroll Taxes$19,072$10,806-$29,878
Fees for Services Accounting-$19,475-$19,475
Pension Plan Contributions$8,352$3,408-$11,760
Advertising$224$10,864-$11,088
Other Expenses$3,555$1,661-$5,216
Travel$1,016$4,094-$5,110
Office Expenses-$4,594-$4,594
Fees for Services Legal-$2,839-$2,839
All Other Expenses-$1,340-$1,340
Total Functional Expenses$1,516,119$450,936$0$1,967,055

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,967,055
Total Expenses per Audited Statements$1,967,055
Total Expenses per Form 990$1,967,055
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Grant Proceeds$454,000
Deferred Funding$50,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A copy of form 990 is submitted to the board for review. In addition, executive director & treasurer approved the document prior to submission”

Form 990, Part VI, Section B, Line 12C

“As per the conflict of interest policy that is signed by every board member, it is required that they disclose knowledge of a conflict to the board. This has to be disclosed prior to start of any consideration of the matter or as soon as one is aware of any potential, apparent, or actual conflict.”

Form 990, Part VI, Section B, Line 15A

“The bylaws of aedc establish a compensation committee that has general oversight of the organization's human resource plan. Specific duties include yearly evaluation of the chief executive of the organization. A competent salary survey shall be used to benchmark compensation for the position utilizing iedc salary survey and other studies. The committee meets independently of the chief executive to discuss performance relative to the position description. During these deliberations, the committee also considers input obtained from other board members, staff, professional advisors, grant recipients, and other informed community leaders.”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Allentown Economic Development
EIN
23-2101393
Phone
6104358890
Address
905 HARRISION ST, ALLENTOWN, PA 18103

Signing Officer

Name
R Scott Unger
Title
Executive Director
Phone
6104358890
Signed
2024-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
R Scott Unger
Formed
1979
Legal Domicile
Pa
Voting Board Members
14
Independent Board Members
14
Employees
13
Volunteers
14

Preparer

Firm
Campbell Rappold & Yurasits Llp
Address
1033 S CEDAR CREST BLVD, ALLENTOWN, PA 18103-5443
Preparer
John R Zayaitz CPA
Phone
6104357489
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The corporation operates as a not-for-profit corporation in the commonwealth of pennsylvania and is exempt from federal income taxes under the provision of section 501 (c)(3) of the internal revenue code and none of its present or anticipated future activities are subject to unrelated business income. Therefore, no provision for income taxes has been made in the accompanying financial statements. Uncertain tax positions are evaluated in accordance with fasb asc 740-10. Fasb asc 740-10 clarifies the accounting for uncertainty in income taxes recognized in the corporation's financial statements and prescribes a recognition threshold of more-likely-than-not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold has been met. Fasb asc 740-10 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, and disclosure. The corporation had no material unrecognized tax benefits or accrued interest or penalties. The corporation files income tax returns in the united states. The corporation's tax years june 30, 2020 and forward remain open for examination by federal and state taxing authorities.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01979
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-15722155
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0345440
IRS990/GrossReceiptsAmt02197322
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt015541
IRS990/InsuranceGrp/ProgramServicesAmt094460
IRS990/InsuranceGrp/TotalAmt0110001
IRS990/InterestGrp/ManagementAndGeneralAmt01612
IRS990/InterestGrp/ProgramServicesAmt0120044
IRS990/InterestGrp/TotalAmt0121656
IRS990/InvestmentIncomeGrp/ExclusionAmt0106765
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0106765
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt08543238
IRS990/LandBldgEquipBasisNetGrp/BOYAmt023805258
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07703541
IRS990/LandBldgEquipCostOrOtherBssAmt016246779
IRS990/LegalDomicileStateCd0PA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt016067595
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROACTIVELY IDENTIFY, ENCOURAGE, MANAGE AND DEVELOP STRATEGIC BUSINESS OPPORTUNITIES FOR THE BENEFIT OF ALLENTOWN, ITS CITIZENS, AND THE LEHIGH VALLEY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04585379
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt05970112
IRS990/NetAssetsOrFundBalancesBOYAmt023757092
IRS990/NetAssetsOrFundBalancesEOYAmt07919764
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-15722155
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-15722155
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt020945212
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt05032299
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt03959
IRS990/OccupancyGrp/ProgramServicesAmt0289735
IRS990/OccupancyGrp/TotalAmt0293694
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04594
IRS990/OfficeExpensesGrp/TotalAmt04594
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt026193
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt035141
IRS990/OtherEmployeeBenefitsGrp/TotalAmt061334
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2PROGRAM EXPENSE
IRS990/OtherExpensesGrp/Desc3TRAINING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02152
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt113767
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31661
IRS990/OtherExpensesGrp/ProgramServicesAmt090161
IRS990/OtherExpensesGrp/ProgramServicesAmt126
IRS990/OtherExpensesGrp/ProgramServicesAmt212140
IRS990/OtherExpensesGrp/ProgramServicesAmt33555
IRS990/OtherExpensesGrp/TotalAmt092313
IRS990/OtherExpensesGrp/TotalAmt113793
IRS990/OtherExpensesGrp/TotalAmt212140
IRS990/OtherExpensesGrp/TotalAmt35216
IRS990/OtherLiabilitiesGrp/BOYAmt0454000
IRS990/OtherLiabilitiesGrp/EOYAmt0504000
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt026041
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt026041
IRS990/OtherRevenueTotalAmt026041
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0173448
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0262047
IRS990/OtherSalariesAndWagesGrp/TotalAmt0435495
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01931811
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt03400561
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010806
IRS990/PayrollTaxesGrp/ProgramServicesAmt019072
IRS990/PayrollTaxesGrp/TotalAmt029878
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03408
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt08352
IRS990/PensionPlanContributionsGrp/TotalAmt011760
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0R SCOTT UNGER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531310
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/BusinessCd2522291
IRS990/ProgramServiceRevenueGrp/BusinessCd3532000
IRS990/ProgramServiceRevenueGrp/Desc0PROPERTY MANAGEMENT
IRS990/ProgramServiceRevenueGrp/Desc1BUSINESS INCUBATION
IRS990/ProgramServiceRevenueGrp/Desc2LENDING
IRS990/ProgramServiceRevenueGrp/Desc3REAL ESTATE DEVELOPMENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01157708
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1505960
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt239083
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt38815
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01157708
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1505960
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt239083
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt38815
IRS990/ProgSrvcAccomActy2Grp/Desc0DEVELOPMENT PROJECTS: DEVELOPMENT OF ACQUIRED PROPERTIES THAT WERE EITHER BLIGHTED OR UNDERUTILIZED. CREATE NEW JOBS AND FURTHER ECONOMIC DEVELOPMENT BY GETTING THESE PROPERTIES TO A SUSTAINABLE USE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt086523
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0-15737299
IRS990/ProgSrvcAccomActy3Grp/Desc0INCUBATION: ENCOURAGING AND FOSTERING THE DEVELOPMENT OF ECONOMIC GROWTH THROUGH THE ESTABLISHMENT AND MAINTENANCE OF A SMALL BUSINESS INCUBATOR FACILITY WHERE NEW AND GROWING BUSINESSES OPERATE UNDER ONE ROOF WITH LOW COST RENTAL, SHARED SERVICES AND EQUIPMENT, AND ACCESS TO PROFESSIONAL, TECHNICAL AND FINANCIAL PROGRAMS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0391877
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0505960
IRS990/ProgSrvcAccomActyOtherGrp/Desc01) BUSINESS RETENTION & EXPANSION: PROGRAM TO RETAIN AND EXPAND BUSINESSES IN ORDER TO BRINGS JOBS AND DEVELOP THE CITY.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt026584
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt039083
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt012500
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0522130
IRS990/PYOtherExpensesAmt01261676
IRS990/PYOtherRevenueAmt047909
IRS990/PYProgramServiceRevenueAmt01646817
IRS990/PYRevenuesLessExpensesAmt0346422
IRS990/PYSalariesCompEmpBnftPaidAmt0621258
IRS990/PYTotalExpensesAmt01882934
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02229356
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-15837328
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01157708
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03301115
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03212362
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt046593
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt050454
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0176900
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0100000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt050154
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0424101
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0106765
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt093311
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt097203
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0104532
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt076462
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0478273
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt07851208
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.47000
IRS990ScheduleA/PublicSupportPY170Pct00.51480
IRS990ScheduleA/PublicSupportTotal170Amt0424101
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt046593
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt050454
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0176900
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0100000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt050154
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0424101
IRS990ScheduleA/TotalSupportAmt0902374
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt07304637
IRS990ScheduleD/BuildingsGrp/DepreciationAmt08322027
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt015626664
IRS990ScheduleD/EquipmentGrp/BookValueAmt021105
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0221211
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0242316

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,594,861
Liabilities
$6,675,097
Net assets
$7,919,764
Revenue
-$13,870,273
Expenses
$1,967,055
Net income
-$15,837,328
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.2$3.72$7.47$1.71$2.16$0.45
2023Detailed filing. Detailed filing data is available for this year.$14.6$6.68$7.92$13.9$1.97$15.8
2022Detailed filing. Detailed filing data is available for this year.$29.3$5.52$23.8$2.23$1.88$0.35
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.6$5.61$23.0$1.73$1.89$0.16
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.9$5.72$23.2$1.73$1.69$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.6$5.46$23.1$0.98$1.75$0.77
2018Detailed filing. Detailed filing data is available for this year.$29.2$5.27$23.9$1.58$1.78$0.20
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.4$3.63$24.8$2.04$1.59$0.45
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.0$3.67$24.3$1.83$1.64$0.20
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.9$3.78$24.1$0.69$1.69$1.00
2014Detailed filing. Detailed filing data is available for this year.$29.5$4.38$25.1$2.39$1.61$0.78
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.7$4.34$24.3$1.49
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.1$4.56$23.6$1.65
2011Summary only. Only limited summary data is available for this year.$28.7$4.89$23.8$1.68$1.98$0.30