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Nonprofit · EIN 82-0709054

ERIE DOWNTOWN DEVELOPMENT CORPORATION

Tax-exempt · ERIE, PA 16507

Financials

$1.6M$2.6M2023$3.5M$1.8M2024
Revenue Expenses · by fiscal year end
Financials of ERIE DOWNTOWN DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,462,767$1,841,310$1,621,457$6,850,254$5,781,138$1,069,116
December 31, 2023990$1,570,549$2,629,964-$1,059,415$4,973,898$5,376,239-$402,341
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,778,189
of which government grants
$250,000
Program service revenue
$637,811
Investment income
$13,032
Net gain from sales of assets
-$3,204
Net income from sales of inventory
$33,735
Other revenue
$33,735

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$26,468
Compensation of officers, directors and key employees
$747,742
Other salaries and wages
$432,450
Salaries, compensation and benefits (total)
$1,263,236
Professional fundraising fees
$0
Legal fees
$22,757
Accounting fees
$40,937
Occupancy
$226,871
Travel
$13,446
Depreciation
$25,272
Program services (functional)
$1,054,265
Management and general (functional)
$787,045

Balance sheet and other

Total assets, start of year
$4,973,898
Total assets, end of year
$6,850,254
Total liabilities, end of year
$5,781,138
Net assets, end of year
$1,069,116
Land, buildings and equipment
$905,564
Net assets without donor restrictions
$1,069,116
Gross receipts
$3,490,667
Employees
32
Year formed
2017
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.

NameTitleHours / weekCompensationOther / benefits
ANDREW S WHITINGCEO
Officer
40$235,000$45,467
PAULA GREGORYCONTROLLER
Officer
40$132,346$22,699
COREY COOKDIREC OF OPE
Officer
40$105,442$14,439
RYAN HOOVEREXPERIENCE D
Officer
40$92,250$11,208
MARK INSCHOFOOD & BEVER
Officer
40$82,921$5,970
JENNIFER BESTVINADIRECTOR
Trustee or director
–$0$0
KAREN BILOWITHDIRECTOR
Trustee or director
–$0$0
MICHAEL COLPOYSDIRECTOR
Trustee or director
–$0$0
JOHN DILLDIRECTOR
Trustee or director
–$0$0
BRIAN DURNIOKSECRETARY
Trustee or director, Officer
–$0$0
WALTER IWANENKOVICE PRESIDE
Trustee or director, Officer
–$0$0
KATIE JONESTREASURER
Trustee or director, Officer
–$0$0
TIMOTHY G NECASTROPRESIDENT
Trustee or director, Officer
–$0$0
DANIEL ONORATODIRECTOR
Trustee or director
–$0$0
DENNIS J PRISCHAKDIRECTOR
Trustee or director
–$0$0
1 more people on this return
NameTitleHours / weekCompensation
JAMES STEVENSONDIRECTOR
Trustee or director
–$0
990 for the year ended December 31, 2023: 18 people
NameTitleHours / weekCompensationOther / benefits
JOHN M PERSINGERFORMER CEO
Former
40$189,231$26,680
PAULA GREGORYCONTROLLER
Officer
40$121,760$20,693
ANDREW S WHITINGCEO
Officer
40$103,942$19,592
COREY COOKDIREC OF OPE
Officer
40$82,692$22,792
RYAN HOOVEREXPERIENCE D
Officer
40$83,462$11,795
MARK INSCHOFOOD & BEVER
Officer
40$80,192$11,888
KAREN BILOWITHDIRECTOR
Trustee or director
–$0$0
MICHAEL COLPOYSDIRECTOR
Trustee or director
–$0$0
JOHN DILLDIRECTOR
Trustee or director
–$0$0
BRIAN DURNIOKSECRETARY
Trustee or director, Officer
–$0$0
THOMAS HAGENDIRECTOR
Trustee or director
–$0$0
WALTER IWANENKOVICE PRESIDE
Trustee or director, Officer
–$0$0
KATIE JONESTREASURER
Trustee or director, Officer
–$0$0
ANITA KUCHCINSKIDIRECTOR
Trustee or director
–$0$0
TIMOTHY G NECASTROPRESIDENT
Trustee or director, Officer
–$0$0
DANIEL ONORATODIRECTOR
Trustee or director
–$0$0
ROGER RICHARDSDIRECTOR
Trustee or director
–$0$0
JAMES STEVENSONDIRECTOR
Trustee or director
–$0$0

Address and contacts

Address (IRS master file)
10 E 5TH ST, ERIE, PA 16507-1510
In care of
% S CRAIG SHAMBURG
Principal officer (990 for 2024)
ANDREW S WHITING, 10 E 5TH STREET, ERIE, PA 16507
Signed the 990
ANDREW S WHITING, CEO
Phone
(814) 870-2850
Return prepared by
SCHAFFNER KNIGHT MINNAUGH & CO PC

Mission

THE PURPOSE OF THE ORGANIZATION IS TO SERVE AS A REAL ESTATE DEVELOPMENT AND FINANCING NON-PROFIT CORPORATION TO STRENGTHEN THE CORE ASSETS OF THE DOWNTOWN ERIE AND DRIVE REVITALIZATION ACROSS THE REGION.

990 for the year ended December 31, 2024

Program accomplishments

  • TO PROMOTE THE WELFARE OF THE PEOPLE OF THE CITY OF ERIE, PENNSYLVANIA (THE "CITY").
    Expenses $1,054,265
  • TO COMBAT COMMUNITY DETERIORATION, PROVIDE RELIEF TO THE POOR AND DISTRESSED, STABILIZE, AND GENERALLY TO OTHERWISE PROMOTE REDEVELOPMENT IN THE CITY'S DOWNTOWN.
  • TO LESSEN THE BURDENS OF GOVERNMENT OF THE CITY BY OVERSEEING PROJECTS AND PROGRAMS DESIGNED TO STRENGTHEN AND LEVERAGE THE CITY'S DOWNTOWN CORE ASSETS.
  • TO IMPROVE THE ECONOMY OF THE CITY BY DEVELOPING, ATTRACTING, EXPANDING, AND RETAINING BUSINESS, INDUSTRIAL, EDUCATIONAL, CULTURAL, CIVIC, COMMUNITY AND OTHER ENTERPRISES IN THE CITY AND THEREBY DEVELOPING, ATTRACTING, EXPANDING, AND RETAINING JOBS FOR THE PEOPLE OF THE CITY; AND SOLELY FOR THE ABOVE PURPOSES, THE CORPORATION IS EMPOWERED TO EXERCISE ALL RIGHTS AND POWERS CONFERRED BY THE LAWS OF THE COMMONWEALTH OF PENNSYLVANIA UPON NONPROFIT CORPORATIONS, INCLUDING, BUT WITHOUT LIMITATION THEREON, TO SOLICIT AND RECEIVE FUNDS AND ANY OTHER PROPERTY OR INTERESTS IN PROPERTY BY GIFT, GRANT, BEQUEST, DEVISE, BARGAIN PURCHASE OR ANY SIMILAR TRANSACTION, AND TO HOLD, ADMINISTER, INVEST AND DISBURSE SUCH FUNDS AND PROPERTY AND SUCH INCOME AS MAY BE GENERATED THROUGH THE INVESTMENT OF SUCH FUNDS AND PROPERTY, EXCLUSIVELY FOR THE PROMOTION OF HEALTH AND SOCIAL WELFARE, RELIEF OF THE UNDERPRIVILEGED, AND SUCH OTHER CHARITABLE AND EDUCATIONAL PURPOSES RELATED THERETO, INCLUDING TO USE, APPLY, INVEST AND REINVEST THE PRINCIPAL AND/OR INCOME THEREFROM OR DISTRIBUTE THE SAME FOR THE ABOVE PURPOSES.

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
82-0709054
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
2017
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$6,850,254
Income (IRS master file)
$3,490,667

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,462,767$1,841,310$6,850,254IRS
990December 2023$1,570,549$2,629,964$4,973,898XML
990December 2022$1,120,288$2,062,444$14,910,077IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 82-0709054).

Questions about ERIE DOWNTOWN DEVELOPMENT CORPORATION

What is the EIN of ERIE DOWNTOWN DEVELOPMENT CORPORATION?
The employer identification number (EIN) of ERIE DOWNTOWN DEVELOPMENT CORPORATION is 82-0709054.
Is ERIE DOWNTOWN DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
Are donations to ERIE DOWNTOWN DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ERIE DOWNTOWN 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 ERIE DOWNTOWN 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 ERIE DOWNTOWN 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 ERIE DOWNTOWN DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 names ANDREW S WHITING.
Who are the officers and directors of ERIE DOWNTOWN DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 lists 16 people; 5 received compensation from the organization, the highest $235,000 (ANDREW S WHITING, CEO).
How much revenue does ERIE DOWNTOWN DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,462,767, expenses of $1,841,310 and total assets of $6,850,254 at year end.

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