2024-11-15T10:42:44-07:00 2023-12-31 990 2023-01-01 231583209 CENTRAL PHILADELPHIA DEVELOPMENT CORPORATION CENT 2154405517 660 CHESTNUT STREET PHILADELPHIA PA 19106 Paul Levy President/CEO 2154405512 2024-11-14 1 2023 2024-10-15 13:58:12Z PAUL LEVY 660 CHESTNUT STREET PHILADELPHIA PA 19106 257298 0 X WWW.CENTERCITYPHILA.ORG X 1956 PA TO STRENGTHEN THE COMPETETIVENESS OF CENTER CITY PHILADELPHIA AS AN ATTRACTIVE PLACE TO WORK, TO VISIT, AND TO LIVE; TO ENHANCE CENTER CITY AS THE VIBRANT HUB OF THE GREATER PHILADELPHIA REGION THROUGH RESEARCH, PLANNING, ADVOCACY, AND PRIVATE SECTOR LEADERSHIP AND VISION. 38 38 0 38 0 0 257761 257250 0 0 72 48 0 0 257833 257298 4394 0 0 0 83004 51104 0 0 25552 174605 170618 262003 221722 -4170 35576 327274 504988 52990 195128 274284 309860 TO STRENGTHEN THE COMPETETIVENESS OF CENTER CITY PHILADELPHIA AS AN ATTRACTIVE PLACE TO WORK, TO VISIT, AND TO LIVE; TO ENHANCE CENTER CITY AS THE VIBRANT HUB OF THE GREATER PHILADELPHIA REGION THROUGH RESEARCH, PLANNING, ADVOCACY, AND PRIVATE SECTOR LEADERSHIP AND VISION. 0 0 53353 0 0 to support business and residential attraction and retention, CPDC disseminates its research data on business and employment trends, promotes the expansion of residential activity, advocates for more competetive tax policies, and generates marketing materials on the strengths of Center City. The annual State of Center City Report, bi-weekly email newsletter, and other publications produced in conjunction with the Center City District (CCD) are distributed to all members in addition to the quarterly meetings at which issue-specific position papers and panel discussions are presented to all members. 0 0 0 53353 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 X 38 38 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 PA X CENTER CITY DISTRICT 2154405517 660 CHESTNUT STREET PHILADELPHIA PA 19106 X EDWARD D ALBA CHAIRMAN 2 1 X X 0 0 0 James R Pearlstein President 2 1 X X 0 0 0 H Hetherington Smith Vice President 2 1 X X 0 0 0 John Derham Secretary 2 1 X X 0 0 0 Christophe P Terlizzi Treasurer 2 1 X X 0 0 0 Julian P Rackow Emeritus 2 0 X X 0 0 0 Marc D Brookman Emeritus 2 0 X X 0 0 0 Robert D Lane Emeritus 2 0 X X 0 0 0 S Prema Katari Gupta Executive Director 10 1 X X 0 0 0 Ryan Ade Board Member 1 0 X 0 0 0 Rija Beares Board Member 1 0 X 0 0 0 Mark T Celoni Board Member 1 0 X 0 0 0 Andrew Coler Board Member 1 0 X 0 0 0 Heather Crowell Board Member 1 0 X 0 0 0 Harold Dichter Board Member 1 0 X 0 0 0 Mark A Duffy Board Member 1 0 X 0 0 0 Kenneth Fulmer Board Member 1 0 X 0 0 0 Joseph W Healy Board Member 1 0 X 0 0 0 Branton Henderson Board Member 1 0 X 0 0 0 Monica Jindia Board Member 1 0 X 0 0 0 Ajamu Johnson Board Member 1 0 X 0 0 0 Peter Kelsen Board Member 1 0 X 0 0 0 Alan C Kessler Board Member 1 0 X 0 0 0 Daniel Killinger Board Member 1 0 X 0 0 0 Bradley A Krouse Board Member 1 0 X 0 0 0 Shawn McCaney Board Member 1 0 X 0 0 0 Matthew N McClure Board Member 1 0 X 0 0 0 Mark Merlini Board Member 1 0 X 0 0 0 David Moos Board Member 1 0 X 0 0 0 Anne Papageorge Board Member 1 0 X 0 0 0 Missy A Quinn Board Member 1 0 X 0 0 0 Christopher W Rosenbleeth Board Member 1 0 X 0 0 0 Bernard Sheilds Board Member 1 0 X 0 0 0 Mark Silow Board Member 1 0 X 0 0 0 Rachel Lewis Board Member 1 0 X 0 0 0 Jason Tucker Board Member 1 0 X 0 0 0 Eric Williams Board Member 1 0 X 0 0 0 Joseph S Zuritsky Board Member 1 0 X 0 0 0 Paul Levy President / CEO 1 0 X 0 0 0 0 0 0 0 0 0 0 0 0 257250 0 0 0 0 0 257250 0 0 0 0 0 48 0 0 48 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 257298 0 0 48 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 51104 25552 0 25552 0 0 0 0 0 0 0 0 0 0 0 0 115000 0 115000 0 0 0 0 0 23850 0 23850 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2995 2045 950 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 25756 25756 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3017 0 3017 0 0 0 0 0 221722 53353 142817 25552 300 300 324195 501847 0 0 21 0 0 0 0 0 0 0 0 0 2758 2841 0 0 0 0 0 0 0 0 0 0 0 327274 504988 6813 93 0 0 6000 0 0 0 0 0 0 0 0 0 40177 195035 0 0 52990 195128 X 274284 309860 0 0 274284 309860 327274 504988 35576 0 0 0 0 0 X 0 1 X 1 0 X 323255 286181 281009 257761 257250 1405456 0 0 0 0 0 0 0 0 0 0 0 0 323255 286181 281009 257761 257250 1405456 0 1405456 617 69 327 72 48 1133 0 0 0 0 0 0 143 0 0 0 0 143 1406732 0 0.99909 0.9985 X Schedule A, Part II, Line 10 DUE FROM RELATED PARTIES $37.00 ACCOUNTS PAYABLE AND ACCRUED EXPENSES $106.00 TOTAL $143.00 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 SEE SUPPLEMENTAL INFORMATION 0 0 X 257298 0 0 0 0 0 257298 0 0 0 257298 221722 0 0 0 0 0 221722 0 0 0 221722 Schedule D, Part X, Line 2 CENTRAL PHILADELPHIA DEVELOPMENT CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE SERVICE CODE. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE TAXES WAS MADE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, THE CORPORATION DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN AN INCOME TAX RETURN THAT WOULD REQUIRE ADJUSTMENTS TO OR DISCLOSURE IN ITS CONSOLIDATED FINANCIAL STATEMENTS. IN ADDITION, THE CORPORATION BELIEVES IT HAS NOT ENGAGED IN ANY ACTIVITIES FOR WHICH TAX-EXEMPT STATUS WOULD NOT BE SUSTAINED UNDER INTERNAL REVENUE SERVICE EXAMINATION. THE CORPORATION FILES ANNUAL INFORMATION RETURNS AND IS SUBJECT TO AUDITS BY TAXING JURISDICTIONS; HOWEVER, NO AUDITS FOR ANY PERIODS ARE CURRENTLY BEING AUDITED. MANAGEMENT BELIEVES THAT THE CORPORATION IS NO LONGER SUBJECT TO SUCH AUDITS FOR YEAR PRIOR TO 2019. Form 990, Part VI, Section A, Line 3 THE CENTER CITY DISTRICT PROVIDES MANAGEMENT SERVICES TO THE CORPORATION. MANAGEMENT FEES WERE $115,000.00 FOR THE YEAR ENDED DECEMBER 31, 2023. Form 990, Part VI, Section A, Line 6 THE CENTRAL PHILADELPHIA DEVELOPMENT CORPORATION IS A MEMBERSHIP ORGANIZATION OF DOWNTOWN BUSINESS LEADERS. Form 990, Part VI, Section A, Line 7a THE BOARD OF DIRECTORS ARE ELECTED BY ACTIVE MEMBERS. Form 990, Part VI, Section B, Line 11b THE FORM 990 WILL BE PREPARED, AT THE DISCRETION OF THE CHAIR OF THE AUDIT COMMITTEE AND MANAGEMENT, BY EITHER THE AUDITING FIRM ENGAGED FOR THE FISCAL YEAR BEING REPORTED OR BY QUALIFIED INTERNAL STAFF, INCLUDING OUTSOURCED STAFF. WHEN COMPLETED, THE FORM WILL BE REVIEWED BY THE CHIEF FINANCIAL OFFICER/CHIEF ACCOUNTING OFFICER. PREPERATION OF THE 990 WILL NOT BE UNDERTAKEN UNTIL THE ANNUAL AUDIT HAS BEEN DISTRIBUTED AND THE AUDIT WILL BE THE BASIS OF THE FINANCIAL INFORMATION ON THE FORM 990. FOLLOWING REVIEW, A DRAFT COPY OF THE FORM 990WILL BE SENT TO THE CHAIR OF THE AUDIT COMMITTEE AND THE TREASURER FOR THEIR REVIEW. MEMBERS OF THE BOARD WILL BE NOTIFIED THAT THE FORM 990 IS AVAILABLE FOR THEIR REVIEW IS THEY SO WISH TO DO SO. OTHERWISE, THE REVIEW BY THE CHAIR OF THE AUDIT COMMITTEE AND THE TREASURER WILL CONSTITUTE A REVIEW ON BEHALF OF THE ENTIRE BOARD. WITHIN FIVE BUSINESS DAYS OF RECEIPT OF THE FORM, THE CHAIR OF THE AUDIT COMMITTEE AND TREASURER WILL AUTHORIZE MANAGEMENT, IN WRITING TO SIGN AND FILE THE FORM 990 ON BEHALF OF THE ORGANIZATION. AS A RESULT OF THE AUDIT SCHEDULE, MANAGEMENT IS AUTHORIZED TO EXTEND THE FILING OF FORM 990 BY SIX MONTHS. Form 990, Part VI, Section B, Line 12c EACH OFFICER, DIRECTOR, AND KEY EMPLOYEE SHALL REPORT ANY CONFLICT OF INTEREST TO THE CHAIR OF THE BOARD AND THE CHAIR OF THE AUDIT COMMITTEE AS SOON AS PRACTICAL AFTER BECOMING AWARE OF SUCH A CONFLICT. IN ADDITION, EACH OFFICER, DIRECTOR, AND KEY EMPLOYEE SHALL ANNUALLY COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE. COMPLIANCE WITH THE POLICY WILL BE MONITORED AS PART OF PERFORMANCE EVALUATIONS OF KEY EMPLOYEES. IF IF CONFLICTS OF INTEREST EXIST FOR KEY EMPLOYEES, THE CHAIR OF THE BOARD WILL DETERMINETHE CORRECTIVE MEASURES, IF ANY, TO BE TAKEN TO RESOLVE THE CONFLICT OR IMPOSE THE APPROPRIATE RESTRICTION, IF ANY, ON THE PERSONS WITH THE CONFLICT. THE BOARD WILL HAVE FINAL APPROVAL OF ANY CORRECTIVE MEASURES OR IMPOSED RESTRICTIONS. SUCH RESTRICTIONS WILL REQUIRE EXCLUDING CONFLICTED PERSONS FROM DISCUSSION AND APPROVAL OF RESTRICTIONS BENEFITING THEM, DIRECTLY OR INDIRECTLY. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION MAKES IT'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICIES AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CENTRAL PHILADELPHIA TRANSPORTATION MANAGEMENT ASSOCIATION 660 CHESTNUT STREET PHILADELPHIA PA 19106 233081860 TO ADDRESS TRANSPORTATION ISSUES PA 501(C)(4) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FORM 8868 WAS FILED AND AN EXTENSION OF TIME TO FILE FOR THE CALENDAR YEAR 2023 WAS GRANTEDWITH AN AUTOMATIC 6-MONTH EXTENSION OF TIME UNTIL NOVEMBER 15, 2024 TO FILE THE EXEMPT ORGANIZATION RETURN FOR THE ORGANIZATION NAMED ABOVE.