Civic Intelligence

Pidc-Community Capital

EIN 23-2889102 • 501(c)3 • Philadelphia, PA

Profile

Pidc-community capital is a community development financial institution.

1500 Market Street 3500WPhiladelphia, PA 19102

www.pidcphila.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

65th percentile

0.41x

Higher debt load relative to assets than 65% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

78th percentile

1.15x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

71st percentile

15%

Higher net margin than 71% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

54th percentile

$383,179

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

42nd percentile

3.8%

Faster asset growth than 42% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

97th percentile

238%

Faster revenue growth than 97% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$72,964,883

Up $2,704,268 (+3.8%) from 2023

Liabilities

Down

$29,827,638

Down $1,169,445 (-3.8%) from 2023

Net Assets

Up

$43,137,245

Up $3,873,713 (+9.9%) from 2023

Operations
Liabilities / Revenue78th percentileNet Margin71st percentile

Revenue

Up

$25,966,988

Up $18,294,039 (+238%) from 2023

Expenses

Up

$22,093,275

Up $20,313,418 (+1141%) from 2023

Net Income

Down

$3,873,713

Down $2,019,379 (-34%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth42nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2010: $3,021,274Liabilities 2010: $823,854Net Assets 2010: $2,197,5202010Assets 2011: $3,278,941Liabilities 2011: $828,733Net Assets 2011: $2,450,2082011Assets 2012: $7,640,170Liabilities 2012: $5,222,026Net Assets 2012: $2,418,1442012Assets 2013: $7,856,316Liabilities 2013: $6,011,109Net Assets 2013: $1,845,2072013Assets 2014: $10,080,843Liabilities 2014: $7,471,033Net Assets 2014: $2,609,8102014Assets 2015: $14,251,884Liabilities 2015: $11,537,081Net Assets 2015: $2,714,8032015Assets 2016: $26,265,247Liabilities 2016: $21,833,740Net Assets 2016: $4,431,5072016Assets 2017: $29,768,620Liabilities 2017: $23,969,590Net Assets 2017: $5,799,0302017Assets 2018: $29,652,503Liabilities 2018: $15,939,048Net Assets 2018: $13,713,4552018Assets 2019: $30,338,279Liabilities 2019: $16,269,558Net Assets 2019: $14,068,7212019Assets 2020: $37,764,394Liabilities 2020: $19,120,175Net Assets 2020: $18,644,2192020Assets 2021: $51,592,924Liabilities 2021: $27,983,931Net Assets 2021: $23,608,9932021Assets 2022: $73,782,065Liabilities 2022: $40,411,625Net Assets 2022: $33,370,4402022Assets 2023: $70,260,615Liabilities 2023: $30,997,083Net Assets 2023: $39,263,5322023Assets 2024: $72,964,883Liabilities 2024: $29,827,638Net Assets 2024: $43,137,2452024

Highlighted filing

2024

Assets$72,964,883
Liabilities$29,827,638
Net Assets$43,137,245
Open 2024 Filing

Operations Trend

Revenue Growth97th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MRevenue 2010: $1,004,395Expenses 2010: $750,969Net Income 2010: $253,4262010Expenses 2011: $555,2722011Revenue 2012: $2,055,534Expenses 2012: $2,087,598Net Income 2012: -$32,0642012Revenue 2013: $2,211,771Expenses 2013: $2,784,708Net Income 2013: -$572,9372013Revenue 2014: $2,760,607Expenses 2014: $1,996,004Net Income 2014: $764,6032014Revenue 2015: $3,160,267Expenses 2015: $3,055,274Net Income 2015: $104,9932015Revenue 2016: $3,505,009Expenses 2016: $1,788,305Net Income 2016: $1,716,7042016Revenue 2017: $4,798,757Expenses 2017: $3,431,234Net Income 2017: $1,367,5232017Revenue 2018: $17,428,300Expenses 2018: $9,513,875Net Income 2018: $7,914,4252018Revenue 2019: $5,026,657Expenses 2019: $2,577,863Net Income 2019: $2,448,7942019Revenue 2020: $12,672,507Expenses 2020: $8,097,009Net Income 2020: $4,575,4982020Revenue 2021: $9,506,766Expenses 2021: $4,541,992Net Income 2021: $4,964,7742021Revenue 2022: $11,497,750Expenses 2022: $1,736,303Net Income 2022: $9,761,4472022Revenue 2023: $7,672,949Expenses 2023: $1,779,857Net Income 2023: $5,893,0922023Revenue 2024: $25,966,988Expenses 2024: $22,093,275Net Income 2024: $3,873,7132024

Highlighted filing

2024

Revenue$25,966,988
Expenses$22,093,275
Net Income$3,873,713
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$72,964,883
Liabilities
$29,827,638
Net assets
$43,137,245
Revenue
$25,966,988
Expenses
$22,093,275
Net income
$3,873,713
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$73.0$29.8$43.1$26.0$22.1$3.87
2023Detailed filing. Detailed filing data is available for this year.$70.3$31.0$39.3$7.67$1.78$5.89
2022Detailed filing. Detailed filing data is available for this year.$73.8$40.4$33.4$11.5$1.74$9.76
2021Detailed filing. Detailed filing data is available for this year.$51.6$28.0$23.6$9.51$4.54$4.96
2020Detailed filing. Detailed filing data is available for this year.$37.8$19.1$18.6$12.7$8.10$4.58
2019Detailed filing. Detailed filing data is available for this year.$30.3$16.3$14.1$5.03$2.58$2.45
2018Detailed filing. Detailed filing data is available for this year.$29.7$15.9$13.7$17.4$9.51$7.91
2017Summary only. Only limited summary data is available for this year.$29.8$24.0$5.80$4.80$3.43$1.37
2016Summary only. Only limited summary data is available for this year.$26.3$21.8$4.43$3.51$1.79$1.72
2015Summary only. Only limited summary data is available for this year.$14.3$11.5$2.71$3.16$3.06$0.10
2014Summary only. Only limited summary data is available for this year.$10.1$7.47$2.61$2.76$2.00$0.76
2013Summary only. Only limited summary data is available for this year.$7.86$6.01$1.85$2.21$2.78$0.57
2012Summary only. Only limited summary data is available for this year.$7.64$5.22$2.42$2.06$2.09$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.28$0.83$2.45$0.56
2010Summary only. Only limited summary data is available for this year.$3.02$0.82$2.20$1.00$0.75$0.25
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$25,966,988
Mission and Program Overview

Mission

Pidc-community capital is a community development financial institution.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$30,898,038$35,133,294▲ $4,235,256
Cash and Non-Interest-Bearing Accounts$31,233,324$30,242,128▼ $991,196
Savings and Temporary Cash Investments$2,811,860$1,283,752▼ $1,528,108
Accounts Receivable$410,506$728,480▲ $317,974
Investments Program Related$225,000$225,000→ $0
Total Assets$70,260,615$72,964,883▲ $2,704,268
Other Assets Total$4,681,887$5,352,229▲ $670,342
Liabilities
Unsecured Notes Loans Payable$22,580,863$21,733,063▼ $847,800
Other Liabilities$3,592,097$4,458,733▲ $866,636
Deferred Revenue$4,605,075$3,550,877▼ $1,054,198
Accounts Payable and Accrued Expenses$219,048$84,965▼ $134,083
Total Liabilities$30,997,083$29,827,638▼ $1,169,445
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$39,263,532$43,137,245▲ $3,873,713
Total Net Assets Fund Balance$39,263,532$43,137,245▲ $3,873,713
Total Liabilities and Net Assets / Fund Balance$70,260,615$72,964,883▲ $2,704,268

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$5,183,254--
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Amy C LeichnerEvp & CFO (start 9/2025)PT$59,844$59,844

Board Members and Trustees

NameTitle
Salvatore J PattiChair
Jodie HarrisPresident
Andrea R AllonVice Chair (thru 6/2025)
Sam RhoadsExecutive Vice President
Jennifer Lucas CrowtherSenior Vice President
Lawrence MccomieSenior Vice President
Heather HanowitzVice President
Chellie CameronDirector
Jay GoldsteinDirector
Juan LopezDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$20,494,813
Program Service Revenue
$3,115,603
Investment Income
$2,356,572
Other Revenue
$0
All Other Contributions
$17,914,120
Change in Net Assets
$3,873,713

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,702,868
Revenue Not Reported on Financial Statements
$13,264,120
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$13,264,120
Total Revenue per Audited Statements
$12,702,868
Total Revenue per Form 990
$25,966,988
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$17,957,757
Other Expenses$4,135,518
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$17,957,757--$17,957,757
Fees for Services Management$2,500,000--$2,500,000
Interest$588,068--$588,068
Other Expenses$230,358--$230,358
Fees for Services Accounting-$151,997-$151,997
Fees for Services Other-$111,250-$111,250
Insurance-$4,412-$4,412
Total Functional Expenses$21,825,616$267,659$0$22,093,275

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$22,093,275
Expenses Not Reported on Financial Statements$13,264,120
Other Expense Adjustments$13,264,120
Expenses per Audited Statements$8,829,155
Total Expenses per Audited Statements$8,829,155
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Daily and Associates LLCPhiladelphia, PA-PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.$0
First American Title Ins CoPhiladelphia, PA-PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.$0
Greenline Access CapitalPhiladelphia, PA-PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.$0
Irie Entree LLCPhiladelphia, PA-PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.$0
Jjln Consulting LLCWynote, PA-PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.$0
John S Ondik IvHavertown, PA-PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.$0
Jt Goldstein LLCPhiladelphia, PA-PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.$0
Our House Culture CenterEast Norriton, PA-PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.$0
PaidrebuildPhiladelphia, PA-PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.$0
Philadelphia Industrial Development CoPhiladelphia, PA-PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.$0
Pidc Community CapitalPhiladelphia, PA-PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.$0
Polymath Consulting LLCAbington, PA-PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.$0
Schina and Associates CPAPhiladelphia, PA-PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.$0
The Home Hero LLCPhiladelphia, PA-PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.$0
Trinity Property AdvisorPhiladelphia, PA-PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.$0
Win Win Investments LLCPhiladelphia, PA-PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.$0
Zenith Solutions IncPhiladelphia, PA-PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.$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
Loans Payable to Related Party$2,526,237
Due to Affiliated Entities$1,321,472
Due to Related Parties$572,615
Other Liabilities$38,409
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Members or stockholders pidc is the sole member of pidc cc.”

Form 990, Part VI, Section A, Line 7A

“Pidc cc's board of directors is comprised of at least three directors that are appointed annually by the chairman of the pidc board of directors.”

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

“Form 990 review process pidc's accounting & finance team assembles for the form 990. The form 990 is reviewed internally and is prepared and reviewed by pidc's outside tax advisors. Once complete, the audit committee of the board of directors reviews the draft form 990, and any necessary revisions are made. The final version is provided to the full voting board of directors prior to submission to the internal revenue service.”

Form 990, Part VI, Section B, 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 an annual basis, the corporation requires the officers of the corporation to disclose any conflicted interests.”

Form 990, Part VI, Section B, Line 15

“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. 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.”

Form 990, Part VI, Section C, 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.”

Form 990, Part VI, Section C, 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.”

Filing and Contact Details

Filer

Filer Name
Pidc Community Capital
EIN
23-2889102
Phone
2154968020
Address
1500 MARKET STREET 3500W, PHILADELPHIA, PA 19102

Signing Officer

Name
Amy C Leichner
Title
Evp and CFO
Phone
2154968020
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jodie Harris
Formed
1957
Legal Domicile
Pa
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Grant Thornton Advisors LLC
Address
2001 MARKET STREET SUITE 700, PHILADELPHIA, PA 19103
Preparer
Russlee Armstrong
Phone
2155614200
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Fin48 (asc740) the corporation follows the guidance for accounting for uncertainty in income taxes, which requires that a tax position be recognized or derecognized based on a "more likely than not" threshold. For a 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% likelihood of being realized upon ultimate settlement with the relevant taxing authority. The corporation does not believe its combined financial statements include any material uncertain tax positions; as such, no provision is recorded in the combined statements of activities. Pidc and its combined entities are 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 2021 remains open.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Conduit grant revenue 13,264,120.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Conduit grant expense 13,264,120.”

Raw XML AppendixShowing 400 of 771 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0SEE SCHEDULE ONEW MARKETS TAX CREDIT (NMTC) PROGRAM:PIDC CC SUPPORTS HIGH IMPACT, TRANSFORMATIONAL PROJECTS THROUGH THENMTC PROGRAM. THE NMTC PROGRAM IS A FEDERAL TAX CREDIT PROGRAMDESIGNED TO GENERATE PRIVATE-SECTOR CAPITAL INVESTMENT IN LOW-INCOMEAREAS. THE PROGRAM PERMITS INDIVIDUAL AND CORPORATE TAXPAYERS TORECEIVE CREDIT AGAINST THEIR FEDERAL INCOME TAXES FOR MAKING QUALIFIEDEQUITY INVESTMENTS IN PROJECTS THAT FINANCE COMMUNITY DEVELOPMENT,STIMULATE GROWTH AND CREATE JOBS.PIDC ALLOCATED $32.5M OF NEW MARKET TAX CREDITS TO FOUR HIGH-IMPACTPROJECTS IN PHILADELPHIA. THE NMTC PROGRAM IS A US TREASURY PROGRAMWHICH UTILIZES FEDERAL TAX CREDITS TO ATTRACT PRIVATE INVESTMENT INLOW-INCOME COMMUNITIES. THESE PROJECTS CREATE QUALITY JOBS, PROVIDEESSENTIAL GOODS AND SERVICES, AND STIMULATE ADDITIONAL INVESTMENT INOUR NEIGHBORHOODS. PIDC HAS WON OVER $473 MILLION IN NMTC ALLOCATIONBETWEEN 2007 AND 2024 AND DEPLOYED $412.5 MILLION IN TAX CREDITALLOCATION SINCE 2007.DELAWARE VALLEY COMMUNITY HEALTH (DVCH), A COMMUNITY HEALTH CENTER THAT'S BEEN PROVIDING AFFORDABLE, ACCESSIBLE, AND CULTURALLY COMPETENT HEALTHCARE SERVICES THROUGHOUT THE DELAWARE VALLEY FOR OVER 50 YEARS, WITH THE GOAL OF EXPANDING TO ADD ITS FACILITIES TO IMPLEMENT A FAMILY MEDICINE RESIDENCY PROGRAM, MAKING THEM THE FIRST TEACHING HEALTH CARE CENTER IN PHILADELPHIA. THIS EXPANSION WILL ENHANCE ACCESS TO PRIMARY CARE, DENTAL AND BEHAVIORAL HEALTH SERVICES, ALLOWING THE CENTER TO INCREASE THE NUMBER OF PATIENTS SERVED ANNUALLY BY 30 PERCENT, FOR A TOTAL OF APPROXIMATELY 208,000 INDIVIDUALS. IT WILL ALSO RETAIN 133 FULL-TIME JOBS, CREATE ADDITIONAL 29 FULL-TIME JOBS, PLUS 37 CONSTRUCTION JOBS, MANY OF WHICH ARE ACCESSIBLE TO INDIVIDUALS WITHOUT A COLLEGE DEGREE. THESE ROLES PROVIDE LIVING WAGES, BENEFITS, AND STIMULATE ECONOMIC GROWTH WITHIN THE COMMUNITY, FURTHER SOLIDIFYING DVCH'S ESSENTIAL ROLE IN IMPROVING PUBLIC HEALTH AND ECONOMIC OPPORTUNITY. THE PROJECT RECEIVED $5 MILLION IN NMTC ALLOCATION FROM PIDC CC TO SUPPORT THE PROJECT.
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IRS990/Form990PartVIISectionAGrp/PersonNm8JODIE HARRIS
IRS990/Form990PartVIISectionAGrp/PersonNm9AMY C LEICHNER
IRS990/Form990PartVIISectionAGrp/PersonNm10JENNIFER LUCAS CROWTHER
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4SENIOR VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7EXECUTIVE VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9EVP & CFO (START 9/2025)
IRS990/Form990PartVIISectionAGrp/TitleTxt10SENIOR VICE PRESIDENT
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IRS990/ProgSrvcAccomActy2Grp/Desc0SEE SCHEDULE OSUPPORTING GROWING BUSINESSES:PIDC CC INVESTS FLEXIBLE, AFFORDABLE CAPITAL IN GROWING LOCALBUSINESSES THE BACKBONE OF OUR ECONOMY BECAUSE THEY CREATE JOBS,BUILD WEALTH FOR ENTREPRENEURS AND STABILIZE NEIGHBORHOODS. THROUGH AVARIETY OF FUNDING RESOURCES, EDUCATIONAL PROGRAMS, AND ONE-ON-ONETECHNICAL SUPPORT, PIDC FILLS CRITICAL GAPS FOR BUSINESS OWNERS ANDNONPROFIT LEADERS WHO LACK ACCESS TO TRADITIONAL CAPITAL. IN ADDITION,PIDC CC SUPPORTS DEVELOPERS PRODUCING TRANSFORMATIVE PROJECTS THAT HAVEA POSITIVE, LASTING IMPACT ACROSS THE CITY PROVIDING JOBS, SERVICES,AND AMENITIES. PIDC CC'S LOAN PORTFOLIO COMPRISES THE FOLLOWING LOANPRODUCTS: (1) WORKING CAPITAL AND EQUIPMENT LOANS: DESIGNED TO SUPPORTSMALL AND MIDSIZE BUSINESSES AND NONPROFITS THAT NEED TERM FINANCINGFOR WORKING CAPITAL, EQUIPMENT, OR LEASEHOLD IMPROVEMENTS. (2) CAPITALPROJECT LOANS: SUPPORT BUSINESSES AND NONPROFITS UNDERTAKING CAPITALPROJECTS SUCH AS BUILDING ACQUISITION, RENOVATION, LEASEHOLDIMPROVEMENTS, OR EQUIPMENT THAT NEED ADDITIONAL FINANCING TO COMPLETETHE PROJECT. (3) CONTRACT LINES OF CREDIT: SUPPORT SMALL, MINORITY,WOMEN AND DISABLED OWNED BUSINESSES THAT NEED LINES OF CREDIT TO FUNDCONTRACT RELATED WORKING CAPITAL. (4) NEIGHBORHOOD DEVELOPMENT LOANS:PROVIDE AFFORDABLE FINANCING TO FILL FUNDING GAPS FOR DEVELOPERS OFMIXED-USE, COMMERCIAL, AND INDUSTRIAL PROJECTS LOCATED THROUGHOUTPHILADELPHIA'S NEIGHBORHOODS. THIS PRODUCT TARGETS SMALL-SCALEDEVELOPERS THAT ARE COMPLETING DEVELOPMENT PROJECTS, WHICH GENERALLY HAVE PROJECT COSTS UNDER $5 MILLION. (5) COMMERCIAL MORTGAGE LOANS:PROVIDES SUPPORT TO SMALL BUSINESSES AND NONPROFITS THAT NEED FINANCINGTO PURCHASE BUILDINGS THAT THEY EITHER CURRENTLY OCCUPY OR INTEND TORELOCATE. THE COMMERCIAL MORTGAGE LOAN PRODUCT IS TARGETED TO SMALLBUSINESSES OWNED BY MINORITIES, WOMEN, IMMIGRANTS, VETERANS, OR OTHERDISADVANTAGED POPULATIONS, AS WELL AS NONPROFITS AND BUSINESSES LOCATEDIN LOW-INCOME COMMUNITIES.IN 2024, PIDC ORIGINATED $72.4 MILLION IN NEW LOANS TO 69 SMALL ANDMID-SIZED BUSINESSES, NONPROFITS, AND DEVELOPERS OF ALL SIZES THROUGH PROJECTS IN NEIGHBORHOODS IN PHILADELPHIA. OF THE NEW LOANS, $56.6 MILLION WAS INVESTED AS LEVERAGE TOWARDS TOTAL PROJECT COSTS AND $17.6 MILLION WAS INVESTED IN WOMEN-OWNED BUSINESSES. 85% OF ALL PIDC CORE LENDING WENT TO DIVERSE/MINORITYBUSINESS ENTERPRISES.PIDC CC PROVIDES FINANCING SOLUTION FOR SMALL BUSINESSES AND NONPROFITSSEEKING TO PURCHASE NEW OR EXISTING REAL ESTATE TO BUILD WEALTH, LIMITDISPLACEMENT, AND SUPPORT LONG-TERM GROWTH IN PHILADELPHIA. PAST YOUR BEDTIME CHILDCARE CENTER IS A KEYSTONE STARS LEVEL 4 CHILDCARE PROVIDER SERVING THE FAMILIES OF OVERBROOK FARMS WITH RELIABLE, SAFE, AND NUTURING CARE FOR VULNERABLE CHILDREN. PIDC SUPPORTED THE BUSINESS WITH A COMMERCIAL MORTGAGE LOAN TO HELP THEM ACQUIRE THE BUILDING THE DAYCARE IS LOCATED IN, ENSURING THAT THIS LONG STANDING BUSINESS PROVIDING VALUABLE SERVICES TO THE COMMUNITY AVOIDS DISPLACEMENT. PIDC CC ALSO PROVIDES AFFORDABLE WORKING CAPITAL FOR SMALL-, MINORITY-,WOMEN-, AND DISABLED-OWNED BUSINESSES SEEKING A LINE OF CREDIT TO FUNDCONTRACT-RELATED WORKING CAPITAL, INCLUDING LABOR, MATERIALS, ANDEQUIPMENT COSTS.IN 2024, WE CONTINUED OUR BUSINESS SUPPORT SERVICES EDUCATIONALWORKSHOPS, ONE-ON-ONE COUNSELING, CREDIT REPAIR, AND NETWORKING EVENTSDESIGNED TO SUPPORT BUSINESS GROWTH AND CONNECT PHILADELPHIA'S SMALLBUSINESS COMMUNITY TO TRUSTED KNOWLEDGE AND RESOURCES VIA WORKSHOPS.PIDC BUSINESS BUILDER WORKSHOPS ARE YEAR-ROUND WORKSHOPS WHICH PROVIDECRITICAL BUSINESS EDUCATION TO ENTREPRENEURS AND ORGANIZATIONS FROMEVERY INDUSTRY. PIDC HOSTED 29 WORKSHOPS WITH MORE THAN 700 HOURSDEDICATED TO COACHING AND CONSULTING SUPPORT FOR PIDC CLIENTS. TOPICS INCLUDED DEBT MANAGEMENT, PROJECT OVERSIGHT, BUYING AND FINANCING COMMERCIAL REAL ESTATE, FEDERAL GOVERNMENT CONTRACTING, AND BUSINESS EDUCATION AND MENTORING PROGRAMS.OF THE HOSTED WORKSHOPS, ELEVEN (11) WERE HELD IN SPANISH WHEREBY PIDCCONTINUED A SERIES OF SPAN
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt013674288
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt03019757
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IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0230358
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt01283752
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0PIDC CC IS A SUPPORTING ORGANIZATION UNDER THE INTERNAL REVENUE CODE (IRC) SECTION 509(A)(3) TO PHILADELPHIA INDUSTRIAL DEVELOPMENT CORPORATION (EIN 23-6050858), A 501(C)(4) ORGANIZATION. PIDC'S MISSION IS TO DEVELOP AND SUPPORT THE ECONOMIC GROWTH OF THE CITY OF PHILADELPHIA, AND PROVIDES SERVICES THAT THE CITY, ITSELF, CANNOT PERFORM. THIS IS A PERMITTED STRUCTURE SINCE PIDC MEETS THE PUBLIC SUPPORT TEST PURSUANT TO IRC SECTION 509(A)(2) AS MORE THAN 33 1/3% OF ITS INCOME IS DERIVED FROM PROGRAM SERVICES REVENUE. FURTHERMORE, PIDC MEETS THE ORGANIZATIONAL, OPERATIONAL, RELATIONSHIP, AND CONTRACT TEST REQUIREMENTS OF IRC SECTION 509(A)(3).
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV SECTION A LINE 2-3
IRS990ScheduleA/OtherSupportSumAmt00
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IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0236050858
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt02500000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0PHILA INDUSTR'L DEVLP CORP
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt02500000
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt15183254
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ACCRUED INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM AFFILIATED ENTITIES
IRS990ScheduleD/OtherExpensesNotIncludedAmt013264120
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02526237
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11321472
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2572615
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt338409
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOANS PAYABLE TO RELATED PARTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO AFFILIATED ENTITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO RELATED PARTIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3OTHER LIABILITIES
IRS990ScheduleD/OtherRevenuesNotIncludedAmt013264120
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt013264120
IRS990ScheduleD/RevenueSubtotalAmt012702868
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN48 (ASC740) THE CORPORATION FOLLOWS THE GUIDANCE FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. FOR A 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% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAXING AUTHORITY. THE CORPORATION DOES NOT BELIEVE ITS COMBINED FINANCIAL STATEMENTS INCLUDE ANY MATERIAL UNCERTAIN TAX POSITIONS; AS SUCH, NO PROVISION IS RECORDED IN THE COMBINED STATEMENTS OF ACTIVITIES. PIDC AND ITS COMBINED ENTITIES ARE 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 2021 REMAINS OPEN.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CONDUIT GRANT REVENUE 13,264,120.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2CONDUIT GRANT EXPENSE 13,264,120.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05352229
IRS990ScheduleD/TotalExpensesPerForm990Amt022093275
IRS990ScheduleD/TotalLiabilityAmt04458733
IRS990ScheduleD/TotalRevenuePerForm990Amt025966988
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt012702868
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08829155
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt00
IRS990ScheduleI/RecipientTable/CashGrantAmt10
IRS990ScheduleI/RecipientTable/CashGrantAmt20
IRS990ScheduleI/RecipientTable/CashGrantAmt30
IRS990ScheduleI/RecipientTable/CashGrantAmt40
IRS990ScheduleI/RecipientTable/CashGrantAmt50
IRS990ScheduleI/RecipientTable/CashGrantAmt60
IRS990ScheduleI/RecipientTable/CashGrantAmt70
IRS990ScheduleI/RecipientTable/CashGrantAmt80
IRS990ScheduleI/RecipientTable/CashGrantAmt90
IRS990ScheduleI/RecipientTable/CashGrantAmt100
IRS990ScheduleI/RecipientTable/CashGrantAmt110
IRS990ScheduleI/RecipientTable/CashGrantAmt120
IRS990ScheduleI/RecipientTable/CashGrantAmt130
IRS990ScheduleI/RecipientTable/CashGrantAmt140
IRS990ScheduleI/RecipientTable/CashGrantAmt150
IRS990ScheduleI/RecipientTable/CashGrantAmt160
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt012948646
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt14400000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt2255474
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt360000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt445300
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt540000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt633000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt730000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt820375
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt920167
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt1020000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt1118330
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt1210000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt1310000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt1410000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt1510000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt166000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.

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