Nonprofit · EIN 30-0598934
PIDC-LOCAL DEVELOPMENT CORPORATION
Tax-exempt · PHILADELPHIA, PA 19102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $8,866,630 | $13,901,201 | -$5,034,571 | $202,763,846 | $134,626,379 | $68,137,467 |
| December 31, 2023 | 990 | $9,742,512 | $28,799,420 | -$19,056,908 | $203,539,067 | $130,288,742 | $73,250,325 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,106,194
- of which government grants
- $2,106,194
- Program service revenue
- $5,068,446
- Investment income
- $1,691,990
- Net gain from sales of assets
- $88,839
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,989,767
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $26,881
- Program services (functional)
- $13,901,201
Balance sheet and other
- Total assets, start of year
- $203,539,067
- Total assets, end of year
- $202,763,846
- Total liabilities, end of year
- $134,626,379
- Net assets, end of year
- $68,137,467
- Net assets without donor restrictions
- $68,137,467
- Gross receipts
- $8,866,630
- Employees
- 0
- Volunteers
- 27
- Year formed
- 1977
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JODIE HARRIS | PRESIDENT Officer | 4.5 | $0 | $341,169 | $42,010 |
| SAMUEL RHOADS | EXECUTIVE VICE PRESIDENT Officer | 4.5 | $0 | $290,738 | $53,376 |
| KATHLEEN MCNAMARA | SENIOR VICE PRESIDENT Officer | 1.5 | $0 | $226,899 | $73,165 |
| ILENE BURAK | EXECUTIVE VICE PRESIDENT Officer | 1.5 | $0 | $224,271 | $72,708 |
| THOMAS J DALFO | SENIOR VICE PRESIDENT Officer | 3 | $0 | $210,933 | $71,956 |
| MARQUIS T UPSHUR | SENIOR VICE PRESIDENT Officer | 4 | $0 | $195,998 | $58,538 |
| MARLA HAMILTON | SENIOR VICE PRESIDENT Officer | 4 | $0 | $209,266 | $33,175 |
| LAWRENCE MCCOMIE | SENIOR VICE PRESIDENT Officer | 4.5 | $0 | $217,906 | $13,214 |
| JENNIFER LUCAS CROWTHER | SENIOR VICE PRESIDENT Officer | 1.5 | $0 | $161,188 | $68,899 |
| SHAYNE MOORE | SENIOR VICE PRESIDENT Officer | 4.5 | $0 | $207,715 | $13,033 |
| AMY C LEICHNER | EVP & CFO (START 9/25) Officer | 7 | $0 | $54,743 | $5,101 |
| SALVATORE J PATTI | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| ANDREA ALLON | VICE-CHAIR (THRU 6/24) Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| KEVIN R BOYLE | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| MIGUEL ALBAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
27 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HONORABLE CINDY BASS | DIRECTOR Trustee or director | 0.05 | $0 |
| EMILY BITTENBENDER | DIRECTOR Trustee or director | 0.05 | $0 |
| ANNE BROOKS | DIRECTOR Trustee or director | 0.5 | $0 |
| CHELLIE CAMERON | DIRECTOR Trustee or director | 0.5 | $0 |
| CRAIG CARNAROLI | DIRECTOR Trustee or director | 0.5 | $0 |
| DOMINIQUE CASIMIR | DIRECTOR Trustee or director | 0.5 | $0 |
| FRED COSENZA | DIRECTOR Trustee or director | 0.05 | $0 |
| HONORABLE MICHAEL DRISCOLL | DIRECTOR Trustee or director | 0.05 | $0 |
| ROB DUBOW | DIRECTOR Trustee or director | 0.05 | $0 |
| RENEE GARCIA ESQ | DIRECTOR Trustee or director | 0.05 | $0 |
| JAY GOLDSTEIN | DIRECTOR Trustee or director | 0.05 | $0 |
| JOVAN GOLDSTEIN | DIRECTOR Trustee or director | 0.05 | $0 |
| LEE HUANG | DIRECTOR Trustee or director | 0.5 | $0 |
| LEROY JONES | DIRECTOR Trustee or director | 0.5 | $0 |
| BRIAN KEECH | DIRECTOR Trustee or director | 0.5 | $0 |
| JESSIE LAWRENCE | DIRECTOR (THRU 10/24) Trustee or director | 0.05 | $0 |
| SUN LEE | DIRECTOR (THRU 10/24) Trustee or director | 0.05 | $0 |
| JUAN LOPEZ | DIRECTOR Trustee or director | 0.05 | $0 |
| ALBA MARTINEZ | DIRECTOR Trustee or director | 0.5 | $0 |
| SUZANNE S MAYES ESQ | DIRECTOR Trustee or director | 0.05 | $0 |
| JOHN MONDLAK | DIRECTOR (THRU 10/24) Trustee or director | 0.05 | $0 |
| DOUGLAS OLIVER | DIRECTOR Trustee or director | 0.05 | $0 |
| HONORABLE CHERELLE PARKER | DIRECTOR Trustee or director | 0.5 | $0 |
| BRET PERKINS | DIRECTOR Trustee or director | 0.05 | $0 |
| ANGELO PERRYMAN | DIRECTOR Trustee or director | 0.05 | $0 |
| THOMAS AK QUEENAN | DIRECTOR Trustee or director | 0.05 | $0 |
| ADAM THIEL | DIRECTOR Trustee or director | 4.5 | $0 |
990 for the year ended December 31, 2023: 48 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SAM RHOADS | EXECUTIVE VICE PRESIDENT Officer | 4.5 | $0 | $279,745 | $57,124 |
| TIFFANY CANADY | SVP - CFO Officer | 7 | $0 | $237,312 | $60,854 |
| ILENE BURAK | SVP AND GENERAL COUNSEL Officer | 1.5 | $0 | $217,026 | $71,701 |
| KATHLEEN MCNAMARA | EVP - THE NAVY YARD Officer | 4 | $0 | $213,560 | $71,518 |
| THOMAS DALFO | SVP - REAL ESTATE SERVICES Officer | 3 | $0 | $203,809 | $70,632 |
| MARQUIS UPSHUR | SVP - HUMAN RESOURCES Officer | 0.1 | $0 | $195,890 | $58,503 |
| MARLA HAMILTON | SVP - CLIENT ENGAGEMENT Officer | 0.1 | $0 | $205,850 | $32,818 |
| SHAYNE MOORE | SVP - INFORMATION TECHNOLGY Officer | 4 | $0 | $212,382 | $13,896 |
| CHRISTOPHER CHAPLIN | VP - PORTFOLIO MANAGEMENT Officer | 4 | $0 | $156,227 | $67,852 |
| NICOLE HENNESSY | VP - CONTROLLER Officer | 0.1 | $0 | $152,212 | $67,770 |
| JENNIFER LUCAS CROWTHER | SVP- CAPITALIZATION & IMPACT Officer | 4.5 | $0 | $152,110 | $67,481 |
| LAWRENCE MCCOMIE | SVP AND CHIEF CREDIT OFFICER Officer | 4.5 | $0 | $202,038 | $13,105 |
| JODIE HARRIS | PRESIDENT (START 06/2023) Officer | 4.5 | $0 | $188,040 | $22,126 |
| ANYA DAVIS | VP AND ASST GENERAL COUNSEL Officer | 1.5 | $0 | $135,674 | $67,100 |
| KEVIN LESSARD | VP - REAL ESTATE SERVICES Officer | 0.1 | $0 | $147,110 | $26,625 |
| HEATHER HANOWITZ | SVP - MARCOMM & GOVT AFFAIRS Officer | 4.5 | $0 | $130,646 | $28,133 |
| ANGIE FREDRICKSON | VP & MANAGING DIRECTOR OF LENDING Officer | 0.1 | $0 | $144,959 | $8,175 |
| ANNE NEVINS | PRESIDENT (THRU 01/2023) Officer | 4.5 | $0 | $83,676 | $1,712 |
| SALVATORE J PATTI | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| ANDREA ALLON | VICE-CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| KEVIN R BOYLE | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| MIGUEL ALBAN | DIRECTOR Trustee or director | 0.05 | $0 | $0 | $0 |
| TUMAR ALEXANDER | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| EMILY BITTENBENDER | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| CRAIG CARNAROLI | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| DOMINIQUE CASIMIR | DIRECTOR Trustee or director | 0.05 | $0 | $0 | $0 |
| DIANA CORTES ESQUIRE | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| FRED COSENZA | DIRECTOR Trustee or director | 0.05 | $0 | $0 | $0 |
| HONORABLE CURTIS JONES JR | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| HONORABLE DARRELL L CLARKE | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| ROB DUBOW | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| ANNE FADULLON | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| REGINALD C FULLER III | DIRECTOR Trustee or director | 0.05 | $0 | $0 | $0 |
| JAY GOLDSTEIN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| JOVAN GOLDSTEIN | DIRECTOR Trustee or director | 0.05 | $0 | $0 | $0 |
| LEE HUANG MPA | DIRECTOR Trustee or director | 0.05 | $0 | $0 | $0 |
| HONORABLE JAMES F KENNEY | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| LEROY JONES | DIRECTOR Trustee or director | 0.05 | $0 | $0 | $0 |
| BRIAN T KEECH | DIRECTOR Trustee or director | 0.05 | $0 | $0 | $0 |
| HONORABLE KENYATTA JOHNSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| JUAN LOPEZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| SUZANNE S MAYES ESQ | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| ELIZABETH MURPHY | DIRECTOR Trustee or director | 0.05 | $0 | $0 | $0 |
| ANNE K NADOL | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| BRET PERKINS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| ANGELO PERRYMAN | DIRECTOR Trustee or director | 0.05 | $0 | $0 | $0 |
| THOMAS AK QUEENAN | DIRECTOR Trustee or director | 0.05 | $0 | $0 | $0 |
| WILLIAM R SAUTTER | DIRECTOR Trustee or director | 0.05 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1500 MARKET ST STE 3500W, PHILADELPHIA, PA 19102-2115
- In care of
- % TIFFANY CANDY
- Principal officer (990 for 2024)
- JODIE HARRIS, 1500 MARKET STREET 3500W, PHILADELPHIA, PA 19102
- Signed the 990
- AMY C LEICHNER, EVP AND CFO
- Phone
- (215) 496-8020
- Website
- WWW.PIDCPHILA.COM
- Return prepared by
- GRANT THORNTON ADVISORS LLC
Mission
SEE SCHEDULE O.PIDC-LDC ADMINISTERS, AS A SUBRECIPIENT OF THE CITY OF PHILADELPHIA, VARIOUS FEDERALLY FUNDED GRANT PROGRAMS, INCLUDING COMMUNITY DEVELOPMENT BLOCK GRANTS, HOUSING AND URBAN DEVELOPMENT LOANS, AND ECONOMIC DEVELOPMENT ADMINISTRATION LOANS. THESE PROGRAMS ASSIST IN THE ECONOMIC DEVELOPMENT INITIATIVES OF THE CITY OF PHILADELPHIA.
Program accomplishments
- SUPPORT GROWTH & RESILIENCE OF BUSINESSES AND DEVELOPERS: PIDC-LDC INVESTS FLEXIBLE, AFFORDABLE CAPITAL IN GROWING LOCAL BUSINESSESTHE BACKBONE OF OUR ECONOMYBECAUSE THEY CREATE JOBS, BUILD WEALTH FOR ENTREPRENEURS, AND STABILIZE NEIGHBORHOODS. PIDC-LDC ALSO SUPPORTS DEVELOPERS IN FINANCING COMMUNITY-ORIENTED PROJECTS. THROUGH A VARIETY OF FUNDING RESOURCES, EDUCATIONAL PROGRAMS, AND ONE-ON-ONE TECHNICAL SUPPORT, PIDC-LDC FILLS CRITICAL GAPS FOR BUSINESS OWNERS AND NONPROFIT LEADERS WHO LACK ACCESS TO TRADITIONAL CAPITAL. IN ADDITION, PIDC-LDC SUPPORTS DEVELOPERS PRODUCING TRANSFORMATIVE PROJECTS THAT HAVE A POSITIVE, LASTING IMPACT ACROSS THE CITYPROVIDING JOBS, SERVICES, AND AMENITIES.IN 2024, PIDC ORIGINATED $72.4 MILLION IN NEW LOANS TO 69 SMALL AND MID-SIZED BUSINESSES, NONPROFITS, AND DEVELOPERS THROUGH CATALYTIC PROJECTS IN NEIGHBORHOODS IN PHILADELPHIA. $13.8 MILLION WAS INVESTED IN SMALL BUSINESSES. $26.1 MILLION WAS INVESTED IN COMMERCIAL REAL ESTATE BUSINESSES AND $32.5 MILLION WAS INVESTED IN NEW MARKETS TAX CREDITS. 85% OF ALL PIDC CORE LENDING WENT TO DIVERSE/MINORITY BUSINESS ENTERPRISES. PIDC- LDC PROVIDES FINANCING SOLUTIONS FOR SMALL BUSINESSES AND NONPROFITS SEEKING TO PURCHASE NEW OR REAL ESTATE TO BUILD WEALTH, LIMIT DISPLACEMENT, AND SUPPORT LONG-TERM GROWTH IN PHILADELPHIA.Expenses $12,039,996 · grants $128,562 · revenue $84,101
- INVESTING IN HIGH IMPACT REVITALIZATION: PIDC-LDC PLAYS A CRITICAL ROLE AS A TRUSTED CONDUIT TO INCREASE ACCESS, REDUCE COMPLEXITY, AND SUCCESSFULLY DELIVER ECONOMIC DEVELOPMENT RESOURCES FROM OUR PARTNERS TO A BROAD RANGE OF CLIENTS TO SUPPORT HIGH IMPACT COMMUNITY REVITALIZATION PROJECTS IN PHILADELPHIA. PIDC-LDC STRUCTURES AND DEPLOYS PUBLIC AND PRIVATE CAPITAL FOR CLIENTS AND PROJECTS BY ADMINISTERING GRANT PROGRAMS ON BEHALF OF THE CITY AND COMMONWEALTH AND ISSUING TAX-EXEMPT BONDS TO HELP NONPROFITS RAISE PRIVATE CAPITAL FOR MAJOR PROJECTS. IN 2024, PIDC ADMINISTERED 186 GRANTS TOTALING $163.5 MILLION FOR PROJECTS ON BEHALF OF THE COMMONWEALTH OF PENNSYLVANIA, CITY OF PHILADELPHIA, AND THE PHILADELPHIA WATER DEPARTMENT. DURING 2024, PIDC-LDC CONTINUED ITS ADMINISTRATION OF THE PHILADELPHIA WATER DEPARTMENT GREEN INFRASTRUCTURE GRANT, WHICH PROVIDES FUNDS FOR THE DESIGN AND CONSTRUCTION OF STORMWATER RETROFIT PROJECTS ON COMMERCIAL, INDUSTRIAL, MULTIFAMILY, AND INSTITUTIONAL PROPERTIES. IN 2024, PIDC STRUCTURED AND FACILITATED A STORMWATER MANAGEMENT PROJECT IN PHILADELPHIA FOR THE STORMWATER RETROFIT AT 1240 E. ERIE AVENUE. THIS PROJECT WILL FEATURE A SUBSURFACE STORMWATER BASIN DESIGNED TO TREAT STORMWATER RUNOFF FROM IMPERVIOUS SURFACES. BY REDUCING FLOW TO THE COMBINED SEWER SYSTEM, THIS PROJECT DIRECTLY CONTRIBUTES TO DECREASING POLLUTION DISCHARGED INTO RIVERS DURING RAIN EVENTS, FOSTERING CLEANER WATERWAYS FOR FUTURE GENERATIONS.Expenses $1,861,205 · grants $1,861,205 · revenue $4,984,345
- CONTRACT MANAGEMENT:MANAGE VARIOUS LOANS AND GRANT PROGRAMS ON BEHALF OF THE CITY OF PHILADELPHIA, COMMONWEALTH OF PENNSYLVANIA AND FEDERAL AGENCIES THAT SERVE TO RETAIN AND GROW EMPLOYMENT IN PHILADELPHIA.
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 | Not 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
- 30-0598934
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $202,763,846
- Income (IRS master file)
- $8,866,630
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $8,866,630 | $13,901,201 | $202,763,846 | IRS |
| 990 | December 2023 | $9,742,512 | $28,799,420 | $203,539,067 | XML |
| 990 | December 2022 | $11,504,902 | $2,485,824 | $223,227,512 | 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 30-0598934).
Questions about PIDC-LOCAL DEVELOPMENT CORPORATION
- What is the EIN of PIDC-LOCAL DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of PIDC-LOCAL DEVELOPMENT CORPORATION is 30-0598934.
- Is PIDC-LOCAL DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2011.
- Are donations to PIDC-LOCAL DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PIDC-LOCAL 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 PIDC-LOCAL DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PIDC-LOCAL DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PIDC-LOCAL DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names JODIE HARRIS.
- Who are the officers and directors of PIDC-LOCAL DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 42 people; 0 received compensation from the organization.
- How much revenue does PIDC-LOCAL DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $8,866,630, expenses of $13,901,201 and total assets of $202,763,846 at year end.
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