Overview
What is Pottstown Area Industrial Development Inc?
Pottstown Area Industrial Development Inc, based in Pottstown, Pennsylvania, is a nonprofit organization dedicated to stimulating economic investment and development within the borough. Their mission involves developing, coordinating, and implementing an overall economic strategy aimed at maintaining and enhancing the tax base, retaining and creating job opportunities, and revitalizing underutilized buildings. With a small team of two individuals, this organization plays a crucial role in promoting the economic well-being of the broader Pottstown area in Montgomery County, Pennsylvania.
Official website here: www.paidinc.org
Is Pottstown Area Industrial Development Inc legitimate?
Pottstown Area Industrial Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pottstown Area Industrial Development Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $161,473
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.paidinc.org
What is the mission statement of Pottstown Area Industrial Development Inc?
Pottstown Area Industrial Development Inc's mission is centered around stimulating investment within its economic development strategy. The organization's primary goal is to maintain and enhance the tax base, retain and create job opportunities, and either restore or utilize under-utilized buildings. In addition, the corporation promotes economic investment and development in the borough of Pottstown, with the purpose of protecting and encouraging the economic welfare of a broader area.
Official website here: www.paidinc.org
Who is the CEO of Pottstown Area Industrial Development Inc?
Eileen Dautrich is the Board Member of Pottstown Area Industrial Development Inc.
Official website here: www.paidinc.org
What is the revenue of Pottstown Area Industrial Development Inc?
Pottstown Area Industrial Development Inc's revenue in 2022 was $325,420.
Official website here: www.paidinc.org
Who are the executives of Pottstown Area Industrial Development Inc and what are their salaries?
The average compensation at Pottstown Area Industrial Development Inc during 2022 was $80,736. There are 2 employees at Pottstown Area Industrial Development Inc.
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Official website here: www.paidinc.org
Where can I find the form 990 for Pottstown Area Industrial Development Inc?
Pottstown Area Industrial Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.paidinc.org
Learn more at the official website: www.paidinc.org
Mission Statement of Pottstown Area Industrial Development Inc
Pottstown Area Industrial Development Inc, as an organization, is dedicated to fostering an economic development strategy within its scope. This strategy is designed to stimulate investment, preserve and enhance the tax base, retain and create job opportunities, and either restore or remove under-utilized buildings. In simpler terms, this nonprofit aims to promote economic investment and development within the community, contributing to the overall economic welfare of the greater Pottstown area. The purpose of this corporation is to serve as a catalyst for economic growth, encouraging investment and development that benefits the community as a whole.
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Impact
October, 2024
Pottstown Area Industrial Development Inc plays a vital role in fostering economic growth and development within the Borough of Pottstown. By implementing a comprehensive economic development strategy, the organization stimulates investment that is crucial for maintaining and enhancing the local tax base.
One of the key impacts of PAID is job retention and creation, which directly contributes to the economic stability of the community. Through their initiatives, they are focused on restoring under-utilized buildings and ensuring they are put to productive use, which not only revitalizes the area but also attracts new business opportunities.
Furthermore, PAID’s commitment to promoting economic investment helps safeguard the welfare of the greater Pottstown area, driving sustainable growth and improving the overall quality of life for residents. Their proactive approach to coordinating and implementing development strategies ensures that the community moves forward, fostering an environment conducive to economic prosperity.
This information is meant to be a general summary of Pottstown Area Industrial Development Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $18
- Program Service Revenue: $43,425
- Gross Receipts: $325,420
Assets and Liabilities:
- Total Assets: $86,550
- Total Liabilities: $26,014
- Net Assets: $60,536
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROJECT INCOME
Revenue
$27,854
FEES FOR SERVICE
Revenue
$15,571
Organization Details
Founding Year
1965
Phone
(610) 326-2900Principal Officer
Eileen Dautrich
Main Address
152 E HIGH STREET 200, POTTSTOWN, PA, 19464
Website
www.paidinc.orgNTEE Category
Code: S31Z - Community improvement
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