2025-09-24T10:08:01-05:00 2024-12-31 231980475 KREISCHER MILLER 100 WITMER ROAD SUITE 350 HORSHAM PA 190442369 990 2024-01-01 231583209 CENTRAL PHILADELPHIA DEVELOPMENT CORPORATION C/O CENTER CITY DISTRICT CENT 2154405517 660 CHESTNUT STREET PHILADELPHIA PA 19106 PREMA GUPTA CEO 2154405517 2025-09-10 1 1 KATIE O GALASKA P01211168 2154414600 2024 2025-03-06 01:10:19Z PREMA GUPTA 100 S BROAD STREET SUITE 1N PHILADELPHIA PA 19110 242922 0 X WWW.CENTERCITYPHILA.ORG X 1956 PA TO STRENGTHEN THE COMPETITIVENESS 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 36 36 0 36 0 0 257250 242775 0 0 48 147 0 0 257298 242922 0 0 0 0 51104 114396 0 0 57198 170618 168513 221722 282909 35576 -39987 504988 493957 195128 224084 309860 269873 TO STRENGTHEN THE COMPETITIVENESS 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 81937 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 COMPETITIVE TAX POLICIES, AND GENERATES MARKETING MATERIALS ON THESTRENGTHS OF CENTER CITY. THE ANNUAL STATE OF CENTER CITY REPORT, BIWEEKLYEMAIL NEWSLETTERS, AND OTHER PUBLICATIONS PRODUCED INCONJUNCTION WITH THE CCD ARE DISTRIBUTED TO ALL MEMBERS IN ADDITION TO THE QUARTERLY MEETINGS AT WHICH ISSUESPECIFICPOSITION PAPERS ANDPANEL DISCUSSIONS ARE PRESENTED TO ALL MEMBERS. 81937 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 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 0 0 X 36 36 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 0 0 0 0 PA X CENTER CITY DISTRICT 2154405517 100 S BROAD STREET SUITE 1N PHILADELPHIA PA 19110 X PREMA GUPTA CEO/EXECUTIVE DIRECTOR 10.00 1.00 X X 0 0 0 EDWARD M D'ALBA PE CHAIR & EMERITUS / NO VOTING RIGHTS 2.00 1.00 X X 0 0 0 JAMES R PEARLSTEIN PRESIDENT 2.00 1.00 X X 0 0 0 H HETHERINGTON SMITH VICE PRESIDENT 2.00 1.00 X X 0 0 0 JOHN DERHAM SECRETARY 2.00 1.00 X X 0 0 0 CHRISTOPHE P TERLIZZI TREASURER 2.00 1.00 X X 0 0 0 JULIAN P RACKOW ESQ EMERITUS / NO VOTING RIGHTS 2.00 X X 0 0 0 MARC D BROOKMAN ESQ EMERITUS / NO VOTING RIGHTS 2.00 X X 0 0 0 ROBERT D LANE JR ESQ EMERITUS / NO VOTING RIGHTS 2.00 X X 0 0 0 AARON GRAVES DIRECTOR 1.00 X X 0 0 0 AJAMU JOHNSON DIRECTOR 1.00 X 0 0 0 ALAN C KESSLER ESQ VICE PRESIDENT 1.00 X 0 0 0 ANDREW COLER DIRECTOR 1.00 X 0 0 0 ANNE PAPAGEORGE DIRECTOR 1.00 X 0 0 0 BRADLEY A KROUSE ESQ DIRECTOR 1.00 X 0 0 0 BRANTON HENDERSON DIRECTOR 1.00 X 0 0 0 BRIAN BERSON DIRECTOR 1.00 X 0 0 0 CHRISTOPHER W ROSENBLEETH ESQ DIRECTOR 1.00 X 0 0 0 DANIEL KILLINGER DIRECTOR 1.00 X 0 0 0 DAVID MOOS AIA DIRECTOR 1.00 X 0 0 0 ERIK F WILLIAMS DIRECTOR 1.00 X 0 0 0 HAROLD DICHTER DIRECTOR 1.00 X 0 0 0 HEATHER CROWELL DIRECTOR 1.00 X 0 0 0 JASON A TUCKER DIRECTOR 1.00 X 0 0 0 JON ROBINS DIRECTOR 1.00 X 0 0 0 JOSEPH W HEALY DIRECTOR 1.00 X 0 0 0 KENNETH FULMER DIRECTOR 1.00 X 0 0 0 MARK A DUFFY DIRECTOR 1.00 X 0 0 0 MARK L SILOW ESQ DIRECTOR 1.00 X 0 0 0 MARK MERLINI DIRECTOR 1.00 X 0 0 0 MARK T CELONI PE DIRECTOR 1.00 X 0 0 0 MATTHEW N MCCLURE ESQ DIRECTOR 1.00 X 0 0 0 MIGUEL BAPTISTA DIRECTOR 1.00 X 0 0 0 MISSY A QUINN DIRECTOR 1.00 X 0 0 0 MONICA JINDIA DIRECTOR 1.00 X 0 0 0 PETER KELSEN ESQ DIRECTOR 1.00 X 0 0 0 RACHEL LEWIS DIRECTOR 1.00 X 0 0 0 RIJA BEARES DIRECTOR 1.00 X 0 0 0 RYAN ADE DIRECTOR 1.00 X 0 0 0 SHAWN MCCANEY DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 242775 242775 147 147 242922 0 0 147 114396 57198 57198 115000 115000 25244 25244 1609 1609 23130 23130 INSURANCE 3130 3130 DUES AND SUBCRIPTIONS 400 400 282909 81937 143774 57198 300 300 501847 483294 0 7381 2841 2982 504988 493957 93 72 195035 224012 195128 224084 X 309860 269873 309860 269873 504988 493957 -39987 0 X X 0 1 X 1 0 X 286181 281009 257761 257250 242775 1324976 286181 281009 257761 257250 242775 1324976 1324976 327 72 72 48 147 666 1325642 0.99950 0.99910 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO RELATED PARTY 224012 224012 X PART X, LINE 2: CPDC IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. NO PROVISION FOR FEDERAL OR STATE INCOME TAXES WAS MADE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. FOR YEARS ENDED DECEMBER 31, 2024 AND 2023, 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 ACTVITIES FOR WHICH ITS 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 YEARS PROIOR TO 2018. FORM 990, PART VI, SECTION A, LINE 3 THE CENTER CITY DISTRICT PROVIDES MANAGEMENT SERVICES TO THE CORPORATION. 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 VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. PREPARATION OF THE FORM 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 990 WILL 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 IF THEY 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 CONFLICTS OF INTEREST EXIST FOR KEY EMPLOYEES, THE CHAIR OF THE BOARD WILL DETERMINE THE CORRECTIVE MEASURES, IF ANY, TO BE TAKEN TO RESOLVE THE CONFLICT OR WILL 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 GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICIES AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 PART XII LINE 2C NO CHANGE CENTRAL PHILADELPHIA TRANSPORTATION MANAGEMENT ASSOCIATION 100 S BROAD STREET STE 1N PHILADELPHIA PA 19110 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