Nonprofit · EIN 23-1583209
CENTRAL PHILADELPHIA DEVELOPMENT CORPORATION
Tax-exempt · PHILADELPHIA, PA 19110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $248,867 | $273,715 | -$24,848 | $481,278 | $236,253 | $245,025 |
| December 31, 2024 | 990 | $242,922 | $282,909 | -$39,987 | $493,957 | $224,084 | $269,873 |
| December 31, 2023 | 990 | $257,298 | $221,722 | $35,576 | $504,988 | $195,128 | $309,860 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $248,665
- Membership dues
- $248,665
- Program service revenue
- $0
- Investment income
- $202
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $117,414
- Salaries, compensation and benefits (total)
- $117,414
- Professional fundraising fees
- $0
- Accounting fees
- $29,813
- Program services (functional)
- $66,413
- Management and general (functional)
- $148,595
- Fundraising (functional)
- $58,707
Balance sheet and other
- Total assets, start of year
- $493,957
- Total assets, end of year
- $481,278
- Total liabilities, end of year
- $236,253
- Net assets, end of year
- $245,025
- Net assets without donor restrictions
- $245,025
- Gross receipts
- $248,867
- Employees
- 0
- Volunteers
- 34
- Year formed
- 1956
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RIJA BEARES | PRESIDENT Trustee or director, Officer | 1 | $0 |
| BRIAN BERSON | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| RYAN ADE | DIRECTOR Trustee or director | 1 | $0 |
| MIGUEL BAPTISTA | DIRECTOR Trustee or director | 1 | $0 |
| MARK T CELONI PE | DIRECTOR Trustee or director | 1 | $0 |
| ANDREW COLER | DIRECTOR Trustee or director | 1 | $0 |
| EDWARD M D'ALBA PE | EMERITUS / NO VOTING RIGHT Trustee or director, Officer | 2 | $0 |
| HAROLD DICHTER | DIRECTOR Trustee or director | 1 | $0 |
| AARON GRAVES | DIRECTOR Trustee or director | 1 | $0 |
| JOSEPH W HEALY AIA LEED AP BDC | DIRECTOR Trustee or director | 1 | $0 |
| BRANTON HENDERSON | DIRECTOR Trustee or director | 1 | $0 |
| MONICA JINDIA | DIRECTOR Trustee or director | 1 | $0 |
| AJAMU JOHNSON | SECRETARY Trustee or director | 1 | $0 |
| PETER KELSEN ESQ | DIRECTOR Trustee or director | 1 | $0 |
| ALAN C KESSLER ESQ | DIRECTOR Trustee or director | 1 | $0 |
20 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANIEL KILLINGER | DIRECTOR Trustee or director | 1 | $0 |
| BRADLEY A KROUSE ESQ | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT D LANE JR ESQ | EMERITUS / NO VOTING RIGHT Trustee or director, Officer | 2 | $0 |
| RACHEL LEWIS | DIRECTOR Trustee or director | 1 | $0 |
| SHAWN MCCANEY | DIRECTOR Trustee or director | 1 | $0 |
| MATTHEW N MCCLURE ESQ | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| MARK MERLINI | DIRECTOR Trustee or director | 1 | $0 |
| DAVID MOOS AIA | DIRECTOR Trustee or director | 1 | $0 |
| ANNE PAPAGEORGE | DIRECTOR Trustee or director | 1 | $0 |
| JAMES R PEARLSTEIN | EMERITUS CHAIR Trustee or director, Officer | 2 | $0 |
| MISSY A QUINN | DIRECTOR Trustee or director | 1 | $0 |
| JULIAN P RACKOW ESQ | EMERITUS Trustee or director, Officer | 2 | $0 |
| JON ROBINS | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTOPHER W ROSENBLEETH ESQ | TREASURER Trustee or director, Officer | 1 | $0 |
| MARK L SILOW ESQ | DIRECTOR Trustee or director | 1 | $0 |
| H HETHERINGTON SMITH | DIRECTOR Trustee or director | 2 | $0 |
| CHRISTOPHE P TERLIZZI | DIRECTOR Trustee or director | 2 | $0 |
| JASON A TUCKER | DIRECTOR Trustee or director | 1 | $0 |
| ERIK F WILLIAMS | DIRECTOR Trustee or director | 1 | $0 |
| PREMA GUPTA | EXECUTIVE DIRECTOR/OFFICER Trustee or director, Officer | 10 | $0 |
990 for the year ended December 31, 2024: 40 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PREMA GUPTA | CEO/EXECUTIVE DIRECTOR Trustee or director, Officer | 10 | $0 |
| EDWARD M D'ALBA PE | CHAIR & EMERITUS / NO VOTING RIGHTS Trustee or director, Officer | 2 | $0 |
| JAMES R PEARLSTEIN | PRESIDENT Trustee or director, Officer | 2 | $0 |
| H HETHERINGTON SMITH | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| JOHN DERHAM | SECRETARY Trustee or director, Officer | 2 | $0 |
| CHRISTOPHE P TERLIZZI | TREASURER Trustee or director, Officer | 2 | $0 |
| JULIAN P RACKOW ESQ | EMERITUS / NO VOTING RIGHTS Trustee or director, Officer | 2 | $0 |
| MARC D BROOKMAN ESQ | EMERITUS / NO VOTING RIGHTS Trustee or director, Officer | 2 | $0 |
| ROBERT D LANE JR ESQ | EMERITUS / NO VOTING RIGHTS Trustee or director, Officer | 2 | $0 |
| AARON GRAVES | DIRECTOR Trustee or director, Officer | 1 | $0 |
| AJAMU JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
| ALAN C KESSLER ESQ | VICE PRESIDENT Trustee or director | 1 | $0 |
| ANDREW COLER | DIRECTOR Trustee or director | 1 | $0 |
| ANNE PAPAGEORGE | DIRECTOR Trustee or director | 1 | $0 |
| BRADLEY A KROUSE ESQ | DIRECTOR Trustee or director | 1 | $0 |
| BRANTON HENDERSON | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN BERSON | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTOPHER W ROSENBLEETH ESQ | DIRECTOR Trustee or director | 1 | $0 |
| DANIEL KILLINGER | DIRECTOR Trustee or director | 1 | $0 |
| DAVID MOOS AIA | DIRECTOR Trustee or director | 1 | $0 |
| ERIK F WILLIAMS | DIRECTOR Trustee or director | 1 | $0 |
| HAROLD DICHTER | DIRECTOR Trustee or director | 1 | $0 |
| HEATHER CROWELL | DIRECTOR Trustee or director | 1 | $0 |
| JASON A TUCKER | DIRECTOR Trustee or director | 1 | $0 |
| JON ROBINS | DIRECTOR Trustee or director | 1 | $0 |
| JOSEPH W HEALY | DIRECTOR Trustee or director | 1 | $0 |
| KENNETH FULMER | DIRECTOR Trustee or director | 1 | $0 |
| MARK A DUFFY | DIRECTOR Trustee or director | 1 | $0 |
| MARK L SILOW ESQ | DIRECTOR Trustee or director | 1 | $0 |
| MARK MERLINI | DIRECTOR Trustee or director | 1 | $0 |
| MARK T CELONI PE | DIRECTOR Trustee or director | 1 | $0 |
| MATTHEW N MCCLURE ESQ | DIRECTOR Trustee or director | 1 | $0 |
| MIGUEL BAPTISTA | DIRECTOR Trustee or director | 1 | $0 |
| MISSY A QUINN | DIRECTOR Trustee or director | 1 | $0 |
| MONICA JINDIA | DIRECTOR Trustee or director | 1 | $0 |
| PETER KELSEN ESQ | DIRECTOR Trustee or director | 1 | $0 |
| RACHEL LEWIS | DIRECTOR Trustee or director | 1 | $0 |
| RIJA BEARES | DIRECTOR Trustee or director | 1 | $0 |
| RYAN ADE | DIRECTOR Trustee or director | 1 | $0 |
| SHAWN MCCANEY | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 39 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EDWARD D ALBA | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| James R Pearlstein | President Trustee or director, Officer | 2 | $0 |
| H Hetherington Smith | Vice President Trustee or director, Officer | 2 | $0 |
| John Derham | Secretary Trustee or director, Officer | 2 | $0 |
| Christophe P Terlizzi | Treasurer Trustee or director, Officer | 2 | $0 |
| Julian P Rackow | Emeritus Trustee or director, Officer | 2 | $0 |
| Marc D Brookman | Emeritus Trustee or director, Officer | 2 | $0 |
| Robert D Lane | Emeritus Trustee or director, Officer | 2 | $0 |
| S Prema Katari Gupta | Executive Director Trustee or director, Officer | 10 | $0 |
| Ryan Ade | Board Member Trustee or director | 1 | $0 |
| Rija Beares | Board Member Trustee or director | 1 | $0 |
| Mark T Celoni | Board Member Trustee or director | 1 | $0 |
| Andrew Coler | Board Member Trustee or director | 1 | $0 |
| Heather Crowell | Board Member Trustee or director | 1 | $0 |
| Harold Dichter | Board Member Trustee or director | 1 | $0 |
| Mark A Duffy | Board Member Trustee or director | 1 | $0 |
| Kenneth Fulmer | Board Member Trustee or director | 1 | $0 |
| Joseph W Healy | Board Member Trustee or director | 1 | $0 |
| Branton Henderson | Board Member Trustee or director | 1 | $0 |
| Monica Jindia | Board Member Trustee or director | 1 | $0 |
| Ajamu Johnson | Board Member Trustee or director | 1 | $0 |
| Peter Kelsen | Board Member Trustee or director | 1 | $0 |
| Alan C Kessler | Board Member Trustee or director | 1 | $0 |
| Daniel Killinger | Board Member Trustee or director | 1 | $0 |
| Bradley A Krouse | Board Member Trustee or director | 1 | $0 |
| Shawn McCaney | Board Member Trustee or director | 1 | $0 |
| Matthew N McClure | Board Member Trustee or director | 1 | $0 |
| Mark Merlini | Board Member Trustee or director | 1 | $0 |
| David Moos | Board Member Trustee or director | 1 | $0 |
| Anne Papageorge | Board Member Trustee or director | 1 | $0 |
| Missy A Quinn | Board Member Trustee or director | 1 | $0 |
| Christopher W Rosenbleeth | Board Member Trustee or director | 1 | $0 |
| Bernard Sheilds | Board Member Trustee or director | 1 | $0 |
| Mark Silow | Board Member Trustee or director | 1 | $0 |
| Rachel Lewis | Board Member Trustee or director | 1 | $0 |
| Jason Tucker | Board Member Trustee or director | 1 | $0 |
| Eric Williams | Board Member Trustee or director | 1 | $0 |
| Joseph S Zuritsky | Board Member Trustee or director | 1 | $0 |
| Paul Levy | President / CEO Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 100 S BROAD ST SUITE 1N, PHILADELPHIA, PA 19110-1024
- In care of
- % CENTER CITY DISTRICT
- Principal officer (990 for 2025)
- PREMA GUPTA, 100 S BROAD STREET SUITE 1N, PHILADELPHIA, PA 19110
- Signed the 990
- PREMA GUPTA, EXECUTIVE DIRECTOR/OFFICER
- Phone
- (215) 440-5517
- Website
- WWW.CENTERCITYPHILA.ORG
- Return prepared by
- KREISCHER MILLER
Mission
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
Program accomplishments
- TO SUPPORT BUSINESS AND RESIDENTIAL ATTRACTION AND RETENTION, CPDC DISSEMINATES ITS RESEARCH DATA ON BUSINESS AND EMPLOYMENT TRENDS, PROMOTES THE EXPANSION OF RESIDENTIAL ACTIVITY, DVOCATES FOR MORE COMPETITIVE TAX POLICIES, AND GENERATES MARKETING MATERIALS ON THE STRENGTHS OF CENTER CITY. THE ANNUAL STATE OF CENTER CITY REPORT, BIWEEKLY EMAIL NEWSLETTERS, AND OTHER PUBLICATIONS PRODUCED IN CONJUNCTION WITH THE CCD ARE DISTRIBUTED TO ALL MEMBERS IN ADDITION TO THE QUARTERLY MEETINGS AT WHICH ISSUESPECIFIC POSITION PAPERS AND PANEL DISCUSSIONS ARE PRESENTED TO ALL MEMBERS.Expenses $66,413
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-1583209
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1962
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A26Z)
- Assets (IRS master file)
- $481,278
- Income (IRS master file)
- $248,867
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $248,867 | $273,715 | $481,278 | XML |
| 990 | December 2024 | $242,922 | $282,909 | $493,957 | XML |
| 990 | December 2023 | $257,298 | $221,722 | $504,988 | XML |
| 990 | December 2022 | $257,833 | $262,003 | $327,273 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-1583209).
Questions about CENTRAL PHILADELPHIA DEVELOPMENT CORPORATION
- What is the EIN of CENTRAL PHILADELPHIA DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of CENTRAL PHILADELPHIA DEVELOPMENT CORPORATION is 23-1583209.
- Is CENTRAL PHILADELPHIA DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1962.
- Are donations to CENTRAL PHILADELPHIA DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CENTRAL PHILADELPHIA DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CENTRAL PHILADELPHIA DEVELOPMENT CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CENTRAL PHILADELPHIA DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CENTRAL PHILADELPHIA DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names PREMA GUPTA.
- Who are the officers and directors of CENTRAL PHILADELPHIA DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 35 people; 0 received compensation from the organization.
- How much revenue does CENTRAL PHILADELPHIA DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $248,867, expenses of $273,715 and total assets of $481,278 at year end.
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