Liabilities / Assets
66th percentile
Higher debt load relative to assets than 66% of similar nonprofits.
990 • Fiscal year 2024 • EIN 23-2101393
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
66th percentile
Higher debt load relative to assets than 66% of similar nonprofits.
Liabilities / Revenue
89th percentile
Higher debt load relative to revenue than 89% of similar nonprofits.
Net Margin
9th percentile
Higher net margin than 9% of similar nonprofits.
Top Officer Pay
52nd percentile
Higher top officer pay than 52% of similar nonprofits.
Top officer pay equals 11.1% of source-year revenue.
Asset Growth
3rd percentile
Faster asset growth than 3% of similar nonprofits.
Revenue Growth
Score unavailable
A valid growth rate could not be computed from the available filing history.
Assets
Down$11,184,689
Down $3,410,172 (-23%) from 2023
Net Assets
Down$7,469,356
Down $450,408 (-5.7%) from 2023
Liabilities
Down$3,715,333
Down $2,959,764 (-44%) from 2023
Revenue
Up$1,706,842
Up $15,577,115 (+112%) from 2023
Expenses
Up$2,157,250
Up $190,195 (+9.7%) from 2023
Net Income
Up-$450,408
Up $15,386,920 (+97%) from 2023
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $7,703,541 | $6,413,257 | ▼ $1,290,284 |
| Savings and Temporary Cash Investments | $3,212,362 | $2,614,629 | ▼ $597,733 |
| Other Notes and Loans Receivable, Net | $3,400,561 | $1,910,889 | ▼ $1,489,672 |
| Accounts Receivable | $151,715 | $138,040 | ▼ $13,675 |
| Cash and Non-Interest-Bearing Accounts | $126,682 | $107,874 | ▼ $18,808 |
| Total Assets | $14,594,861 | $11,184,689 | ▼ $3,410,172 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $5,970,112 | $3,487,331 | ▼ $2,482,781 |
| Other Liabilities | $504,000 | $0 | ▼ $504,000 |
| Escrow Account Liability | $124,974 | $114,047 | ▼ $10,927 |
| Accounts Payable and Accrued Expenses | $64,211 | $110,104 | ▲ $45,893 |
| Deferred Revenue | $11,800 | $3,851 | ▼ $7,949 |
| Total Liabilities | $6,675,097 | $3,715,333 | ▼ $2,959,764 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $5,032,299 | $4,545,835 | ▼ $486,464 |
| Net Assets With Donor Restrictions | $2,887,465 | $2,923,521 | ▲ $36,056 |
| Total Net Assets Fund Balance | $7,919,764 | $7,469,356 | ▼ $450,408 |
| Total Liabilities and Net Assets / Fund Balance | $14,594,861 | $11,184,689 | ▼ $3,410,172 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $6,020,601 | $8,814,510 | $14,835,111 |
| Land | $377,799 | - | $377,799 |
| Equipment | $14,857 | $232,341 | $247,198 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| R Scott Unger | Executive Director | FT | $155,050 | $34,587 | $189,637 |
| Name | Title |
|---|---|
| Donald M Bernhard | Chairman |
| John G Englesson | Vice Chairman |
| Dan Quay | Director |
| Daryl Hendricks | Director |
| David Quier | Director |
| Don Cunningham | Director |
| Edward Roma | Director |
| James K Harbaugh | Director |
| Matthew Tuerk | Director |
| Timothy J Holt | Director |
| Vicky Kistler | Director |
| Matthew B Green | Secretary |
| Susan E Youngs | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $1,284,043 |
| Salaries, Compensation, and Employee Benefits | $873,207 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $350,825 | $162,602 | - | $513,427 |
| Depreciation Depletion | $503,613 | - | - | $503,613 |
| Occupancy | $271,854 | $4,530 | - | $276,384 |
| Current Officers, Directors, Trustees, and Key Employees | $48,973 | $146,917 | - | $195,890 |
| Interest | $115,683 | $1,854 | - | $117,537 |
| Fees for Services Other | $31,637 | $70,719 | - | $102,356 |
| Other Employee Benefits | $63,912 | $37,578 | - | $101,490 |
| Insurance | $84,919 | $15,033 | - | $99,952 |
| Payroll Taxes | $26,641 | $12,263 | - | $38,904 |
| Pension Plan Contributions | $16,804 | $6,692 | - | $23,496 |
| Fees for Services Accounting | - | $17,450 | - | $17,450 |
| Advertising | $770 | $12,729 | - | $13,499 |
| Travel | $2,441 | $9,407 | - | $11,848 |
| Office Expenses | - | $4,412 | - | $4,412 |
| Other Expenses | $1,228 | $1,577 | - | $2,805 |
| Total Functional Expenses | $1,636,613 | $520,637 | $0 | $2,157,250 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $2,157,250 |
| Total Expenses per Audited Statements | $2,157,250 |
| Total Expenses per Form 990 | $2,157,250 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“A copy of form 990 is submitted to the board for review. In addition, executive director & treasurer approved the document prior to submission”
“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.”
“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.”
“AVAILABLE UPON REQUEST”
“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.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 64211 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 110104 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 151715 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 138040 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO PROACTIVELY IDENTIFY, ENCOURAGE, AND DEVELOP BUSINESS OPPORTUNITIES FOR THE LEHIGH VALLEY. |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 12729 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 770 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 13499 |
| IRS990/AllOtherContributionsAmt | 0 | 60000 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | ROBERT HAAS |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6104358890 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 905 HARRISON STREET |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | ALLENTOWN |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | PA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 18103 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 126682 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 107874 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 146917 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 48973 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 195890 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 60000 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | -205470 |
| IRS990/CYOtherExpensesAmt | 0 | 1284043 |
| IRS990/CYOtherRevenueAmt | 0 | 70478 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 1781834 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -450408 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 873207 |
| IRS990/CYTotalExpensesAmt | 0 | 2157250 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1706842 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 11800 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 3851 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 503613 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 503613 |
| IRS990/Desc | 0 | PROPERTY MANAGEMENT: MAINTAINING OF OLDER INDUSTRIAL BUILDINGS AND ATTRACTING MANUFACTURERS TO OPERATE FROM AN URBAN LOCATION. THIS IN TURN IS A SUSTAINABLE WAY OF UTILIZING INDUSTRIAL SPACE WHICH CREATES GROWTH OPPORTUNITIES FOR THE CITY AND JOBS FOR ITS RESIDENTS. IN ADDITION, MAINTAIN OTHER PROPERTIES THAT WERE DEVELOPED ON VACANT AND BLIGHTED AREAS AND HELP OLDER PROPERTY MAINTENANCE WHICH HOUSE NON-PROFITS BENEFITING THE RESIDENTS OF THE CITY OF ALLENTOWN. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 2887465 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 2923521 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 12 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/EscrowAccountLiabilityGrp/BOYAmt | 0 | 124974 |
| IRS990/EscrowAccountLiabilityGrp/EOYAmt | 0 | 114047 |
| IRS990/ExpenseAmt | 0 | 1167454 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 17450 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 17450 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 70719 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 31637 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 102356 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 13 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 11 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 12 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 13 | 24587 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | DONALD M BERNHARD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | JOHN G ENGLESSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | MATTHEW B GREEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | SUSAN E YOUNGS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | MATTHEW TUERK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | DON CUNNINGHAM |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | EDWARD ROMA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | DAVID QUIER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | VICKY KISTLER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | DARYL HENDRICKS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | TIMOTHY J HOLT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | DAN QUAY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | JAMES K HARBAUGH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | R SCOTT UNGER |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 13 | 165050 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | CHAIRMAN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE CHAIRMAN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | EXECUTIVE DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1979 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GainOrLossGrp/OtherAmt | 0 | -386110 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 13 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossAmountSalesAssetsGrp/OtherAmt | 0 | 2134746 |
| IRS990/GrossReceiptsAmt | 0 | 4227698 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 13 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 15033 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 84919 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 99952 |
| IRS990/InterestGrp/ManagementAndGeneralAmt | 0 | 1854 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 115683 |
| IRS990/InterestGrp/TotalAmt | 0 | 117537 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 180640 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 180640 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 6 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 9046851 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 7703541 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 6413257 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 15460108 |
| IRS990/LegalDomicileStateCd | 0 | PA |
| IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt | 0 | 2520856 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | TO PROACTIVELY IDENTIFY, ENCOURAGE, MANAGE AND DEVELOP STRATEGIC BUSINESS OPPORTUNITIES FOR THE BENEFIT OF ALLENTOWN, ITS CITIZENS, AND THE LEHIGH VALLEY. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 5970112 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 3487331 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 7919764 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 7469356 |
| IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt | 0 | -386110 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | -386110 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 5032299 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 4545835 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 4530 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 271854 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 276384 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 4412 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 4412 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 37578 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 63912 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 101490 |
| IRS990/OtherExpensesGrp/Desc | 0 | REPAIRS AND MAINTENANCE |
| IRS990/OtherExpensesGrp/Desc | 1 | DUES & SUBSCRIPTIONS |
| IRS990/OtherExpensesGrp/Desc | 2 | PROGRAM EXPENSE |
| IRS990/OtherExpensesGrp/Desc | 3 | TRAINING |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 16774 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 100 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 3 | 1577 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 109790 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 0 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 7523 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 1228 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 109790 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 16774 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 7623 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 2805 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 504000 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | MISCELLANEOUS |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 70478 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 70478 |
| IRS990/OtherRevenueTotalAmt | 0 | 70478 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 162602 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 350825 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 513427 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 3400561 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 1910889 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 12263 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 26641 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 38904 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 6692 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 16804 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 23496 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | R SCOTT UNGER |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 531310 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 532000 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 522291 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 3 | 532000 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | PROPERTY MANAGEMENT |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | BUSINESS INCUBATION |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | LENDING |
| IRS990/ProgramServiceRevenueGrp/Desc | 3 | REAL ESTATE DEVELOPMENT |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 1226517 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 500562 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 44340 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 3 | 10415 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 1226517 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 500562 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 44340 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 10415 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | DEVELOPMENT 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/ExpenseAmt | 0 | 62469 |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | -305217 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | INCUBATION: 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/ExpenseAmt | 0 | 384170 |
| IRS990/ProgSrvcAccomActy3Grp/RevenueAmt | 0 | 500562 |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | 1) BUSINESS RETENTION & EXPANSION: PROGRAM TO RETAIN AND EXPAND BUSINESSES IN ORDER TO BRINGS JOBS AND DEVELOP THE CITY. |
| IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt | 0 | 22520 |
| IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt | 0 | 44340 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 7510 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | -15615390 |
| IRS990/PYOtherExpensesAmt | 0 | 1244535 |
| IRS990/PYOtherRevenueAmt | 0 | 26041 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 1711566 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -15837328 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 722520 |
| IRS990/PYTotalExpensesAmt | 0 | 1967055 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | -13870273 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -450408 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 1226517 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 3212362 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 2614629 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 104340 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 46593 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 50454 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 176900 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 100000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 478287 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 180640 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 106765 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 93311 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 97203 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 104532 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 582451 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 8163606 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.45090 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.47000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 478287 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 104340 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 46593 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 50454 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 176900 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 100000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 478287 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 1060738 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/AgentTrusteeEtcInd | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 6020601 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 8814510 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 14835111 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 14857 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 232341 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 247198 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 2157250 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/InclEscrowCustodialAcctLiabInd | 0 | 0 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 377799 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 377799 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
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Displayed year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
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