Nonprofit · EIN 25-1227432
GIRARD AREA INDUSTRIAL DEVELOPMENT CORPORATION
Tax-exempt · GIRARD, PA 16417
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $317,127 | $431,961 | -$114,834 | $719,823 | $38,361 | $681,462 |
| December 31, 2024 | 990 | $333,361 | $364,893 | -$31,532 | $821,861 | $25,564 | $796,297 |
| December 31, 2023 | 990 | $348,856 | $406,338 | -$57,482 | $867,862 | $40,033 | $827,829 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $19,212
- of which government grants
- $19,212
- Program service revenue
- $297,910
- Investment income
- $5
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $74,559
- Other salaries and wages
- $78,059
- Salaries, compensation and benefits (total)
- $190,001
- Professional fundraising fees
- $0
- Accounting fees
- $5,213
- Occupancy
- $159,511
- Travel
- $435
- Depreciation
- $27,710
- Program services (functional)
- $264,315
- Management and general (functional)
- $167,646
Balance sheet and other
- Total assets, start of year
- $821,861
- Total assets, end of year
- $719,823
- Total liabilities, end of year
- $38,361
- Net assets, end of year
- $681,462
- Land, buildings and equipment
- $473,560
- Net assets without donor restrictions
- $681,462
- Gross receipts
- $317,127
- Employees
- 7
- Volunteers
- 1
- Year formed
- 1961
- 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 | Other / benefits |
|---|---|---|---|---|
| DAMON P HOMICH | CHAIRMAN Trustee or director, Officer | 46 | $60,070 | $14,489 |
| DOUGLAS B NAGLE III | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAMON P HOMICH | CHAIRMAN Trustee or director, Officer | 46 | $60,070 | $13,372 |
| DOUGLAS B NAGLE III | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAMON P HOMICH | CHAIRMAN Trustee or director, Officer | 46 | $60,070 | $12,698 |
| DOUGLAS B NAGLE III | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 227 HATHAWAY ST E, GIRARD, PA 16417-1552
- In care of
- % DAMON HOMICH
- Principal officer (990 for 2025)
- DAMON P HOMICH, 227 HATHAWAY STREET EAST, GIRARD, PA 16417
- Signed the 990
- DAMON P HOMICH, CHAIRMAN
- Phone
- (814) 774-9339
- Return prepared by
- MCGILL POWER BELL & ASSOC LLP
Mission
GAIDC'S FUNCTION IS TO ENCOURAGE BUSINESS DEVELOPMENT AND JOB OPPORTUNITIES FOR THE UNEMPLOYED BY PROVIDING SMALL BUSINESSES WITH LOW COST SPACE.
Program accomplishments
- GAIDC'S SOLE FUNCTION IS TO ENCOURAGE BUSINESS DEVELOPMENT AND JOB OPPORTUNITIES FOR THE UNEMPLOYED BY PROVIDING SMALL BUSINESSES WITH LOW COST SPACE IN GAIDC'S INDUSTRIAL FACILITY. GAIDC HAS BEEN SUCCESSFUL IN ITS MISSION AS THERE ARE PRESENTLY MANY SMALL BUSINESSES IN THE FACILITY WHO HAVE PROVIDED A SUBSTANTIAL NUMBER OF JOBS FOR PEOPLE IN THE AREA.Expenses $264,315 · revenue $297,910
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
- 25-1227432
- 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
- 1975
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S40Z)
- Assets (IRS master file)
- $719,823
- Income (IRS master file)
- $317,127
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $317,127 | $431,961 | $719,823 | XML |
| 990 | December 2024 | $333,361 | $364,893 | $821,861 | XML |
| 990 | December 2023 | $348,856 | $406,338 | $867,862 | XML |
| 990 | December 2022 | $426,161 | $369,932 | $918,166 | 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 25-1227432).
Questions about GIRARD AREA INDUSTRIAL DEVELOPMENT CORPORATION
- What is the EIN of GIRARD AREA INDUSTRIAL DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of GIRARD AREA INDUSTRIAL DEVELOPMENT CORPORATION is 25-1227432.
- Is GIRARD AREA INDUSTRIAL DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
- Are donations to GIRARD AREA INDUSTRIAL DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GIRARD AREA INDUSTRIAL 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 GIRARD AREA INDUSTRIAL 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 GIRARD AREA INDUSTRIAL 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 GIRARD AREA INDUSTRIAL DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names DAMON P HOMICH.
- Who are the officers and directors of GIRARD AREA INDUSTRIAL DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 2 people; 1 received compensation from the organization, the highest $60,070 (DAMON P HOMICH, CHAIRMAN).
- How much revenue does GIRARD AREA INDUSTRIAL DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $317,127, expenses of $431,961 and total assets of $719,823 at year end.
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All nonprofits in GIRARD · Pennsylvania · Community improvement and capacity building