Nonprofit · EIN 23-2801099
DELAWARE VALLEY REGIONAL ECONOMIC DEVELOPMENT FUND
Tax-exempt · PHILADELPHIA, PA 19107
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,826,551 | $682,496 | $1,144,055 | $30,675,151 | $45,379 | $30,629,772 |
| June 30, 2024 | 990 | $8,290 | $702,921 | -$694,631 | $28,048,097 | $28,023 | $28,020,074 |
| June 30, 2023 | 990 | $1,185,199 | $7,181,975 | -$5,996,776 | $28,149,503 | $22,899 | $28,126,604 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $347,360
- Investment income
- $1,479,191
- Net gain from sales of assets
- $824,341
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $33,931
- Compensation of officers, directors and key employees
- $127,672
- Salaries, compensation and benefits (total)
- $137,720
- Professional fundraising fees
- $0
- Legal fees
- $64,641
- Accounting fees
- $45,969
- Occupancy
- $33,921
- Travel
- $9,075
- Program services (functional)
- $223,737
- Management and general (functional)
- $458,759
Balance sheet and other
- Total assets, start of year
- $28,048,097
- Total assets, end of year
- $30,675,151
- Total liabilities, end of year
- $45,379
- Net assets, end of year
- $30,629,772
- Publicly traded securities
- $12,205,766
- Net assets without donor restrictions
- $30,586,711
- Net assets with donor restrictions
- $43,061
- Gross receipts
- $2,153,772
- Employees
- 1
- Volunteers
- 0
- Year formed
- 1994
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN COFFMAN | EXECUTIVE DIRECTOR Officer | 40 | $107,020 | $3,210 |
| THOMAS J ELLIS | CHAIRMAN Trustee or director, Officer | 10 | $0 | $0 |
| ANTHONY DISANDRO | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| GAETANO PICCIRILLI | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| ALBERT MEZZAROBA | MEMBER Trustee or director | 3 | $0 | $0 |
| SEAN SCHAFER | MEMBER Trustee or director | 3 | $0 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN COFFMAN | EXECUTIVE DIRECTOR Officer | 40 | $107,020 | $10,500 |
| THOMAS J ELLIS | CHAIRMAN Trustee or director, Officer | 10 | $0 | $0 |
| ANTHONY DISANDRO | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| GAETANO PICCIRILLI | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| ALBERT MEZZAROBA | MEMBER Trustee or director | 3 | $0 | $0 |
| SEAN SCHAFER | MEMBER Trustee or director | 3 | $0 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN COFFMAN | EXECUTIVE DIRECTOR Officer | 40 | $104,291 | $10,500 |
| THOMAS J ELLIS | CHAIRMAN Trustee or director, Officer | 10 | $0 | $0 |
| ANTHONY DISANDRO | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| GAETANO PICCIRILLI | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| ALBERT MEZZAROBA | MEMBER Trustee or director | 3 | $0 | $0 |
| SEAN SCHAFER | MEMBER Trustee or director | 3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 109 S JUNIPER ST, PHILADELPHIA, PA 19107-4521
- Principal officer (990 for 2024)
- JOHN COFFMAN, DEVELOPMENT FUND, PHILADELPHIA, PA 19102
- Signed the 990
- JOHN COFFMAN, EXECUTIVE DIRECTOR
- Phone
- (215) 531-7450
- Website
- WWW.DVREDF.ORG
- Return prepared by
- ISDANER & COMPANY LLC
Mission
TO SERVE SOUTHEASTERN PENNSYLVANIA BY PROMOTING ECONOMIC DEVELOPMENT WITH JOB IMPACT, ASSISTING AREA ENTITIES TO SECURE NECESSARY CAPITAL TO GROW AND PROSPER, AND SUPPORTING AND PROMOTING TOURISM.
Program accomplishments
- DVREDF PROVIDES LOANS TO SUPPORT ECONOMIC GROWTH THROUGH PROJECTS AND TOURISM BY SUPPORTING ORGANIZATIONS AND ENTITIES IN SOUTHEASTERN PENNSYLVANIA WHICH CREATE JOB IMPACT.Expenses $223,737 · grants $33,931 · revenue $347,360
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-2801099
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1997
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $30,675,151
- Income (IRS master file)
- $2,153,772
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,826,551 | $682,496 | $30,675,151 | IRS |
| 990 | June 2024 | $8,290 | $702,921 | $28,048,097 | IRS |
| 990 | June 2023 | $1,185,199 | $7,181,975 | $28,149,503 | XML |
| 990 | June 2022 | $2,146,988 | $891,617 | $35,443,943 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 23-2801099).
Questions about DELAWARE VALLEY REGIONAL ECONOMIC DEVELOPMENT FUND
- What is the EIN of DELAWARE VALLEY REGIONAL ECONOMIC DEVELOPMENT FUND?
- The employer identification number (EIN) of DELAWARE VALLEY REGIONAL ECONOMIC DEVELOPMENT FUND is 23-2801099.
- Is DELAWARE VALLEY REGIONAL ECONOMIC DEVELOPMENT FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1997.
- Are donations to DELAWARE VALLEY REGIONAL ECONOMIC DEVELOPMENT FUND tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does DELAWARE VALLEY REGIONAL ECONOMIC DEVELOPMENT FUND 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 DELAWARE VALLEY REGIONAL ECONOMIC DEVELOPMENT FUND due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DELAWARE VALLEY REGIONAL ECONOMIC DEVELOPMENT FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of DELAWARE VALLEY REGIONAL ECONOMIC DEVELOPMENT FUND?
- The 990 for the year ended June 30, 2025 names JOHN COFFMAN.
- Who are the officers and directors of DELAWARE VALLEY REGIONAL ECONOMIC DEVELOPMENT FUND?
- The 990 for the year ended June 30, 2025 lists 6 people; 1 received compensation from the organization, the highest $107,020 (JOHN COFFMAN, EXECUTIVE DIRECTOR).
- How much revenue does DELAWARE VALLEY REGIONAL ECONOMIC DEVELOPMENT FUND have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,826,551, expenses of $682,496 and total assets of $30,675,151 at year end.
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