Overview
What is Pottsville Area Development Corporation?
The Pottsville Area Development Corporation is a nonprofit organization situated in Pottsville, Pennsylvania. With a team of seven dedicated individuals, their primary mission is to revitalize and stimulate business growth in downtown Pottsville. They achieve this by offering low-interest revolving loans and assisting in building renovations. Additionally, the organization provides management and accounting services to three 501(c)3 organizations and the Pottsville Parking Authority, contributing to the overall development of the community.
Is Pottsville Area Development Corporation legitimate?
Pottsville Area Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pottsville Area Development Corporation 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: $56,181
Professional Fundraising Fees: $0
Other Salaries and Wages: $59,002
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What is the mission statement of Pottsville Area Development Corporation?
The Pottsville Area Development Corporation's mission revolves around promoting business growth and revitalization. Specifically, they focus on downtown Pottsville, Pennsylvania, by offering low-interest revolving loans and facilitating building renovations. This initiative aims to stimulate economic development and enhance the local business environment. Additionally, the corporation provides management and accounting services to various non-profit organizations and the city's parking authority, further contributing to the community's overall development.
Who is the CEO of Pottsville Area Development Corporation?
Bobby Weaver is the President of Pottsville Area Development Corporation.
What is the revenue of Pottsville Area Development Corporation?
Pottsville Area Development Corporation's revenue in 2022 was $267,355.
Who are the executives of Pottsville Area Development Corporation and what are their salaries?
The average compensation at Pottsville Area Development Corporation during 2022 was $16,455. There are 7 employees at Pottsville Area Development Corporation.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Pottsville Area Development Corporation?
Pottsville Area Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pottsville Area Development Corporation
The Pottsville Area Development Corporation, a nonprofit entity, is dedicated to the revitalization and promotion of businesses in downtown Pottsville, Pennsylvania. They accomplish this mission by offering low-interest revolving loans and facilitating building renovations. This initiative aims to breathe new life into the downtown area, attracting businesses and stimulating economic growth. Beyond this primary role, the Pottsville Area Development Corporation also provides management and accounting services to three 501(c)3 organizations and the Pottsville Parking Authority. This additional responsibility demonstrates the organization's versatility and commitment to supporting the local community in various capacities.
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Impact
October, 2024
The Pottsville Area Development Corporation plays a pivotal role in revitalizing downtown Pottsville, Pennsylvania, by focusing on business promotion and community improvement. Through the provision of low-interest revolving loans, they enable small businesses to thrive and expand, fostering a vibrant local economy. Their efforts also extend to building renovations, enhancing the aesthetic appeal and functionality of the downtown area, which attracts both residents and visitors.
In addition to financial support, the organization offers management and accounting services to local entities, including three 501(c)(3) organizations and the Pottsville Parking Authority. This comprehensive approach not only aids in the sustainable growth of local businesses but also encourages collaboration within the community. As a result, the Pottsville Area Development Corporation significantly contributes to the economic and social revitalization of the area, creating a more attractive and engaging environment for all.
This information is meant to be a general summary of Pottsville Area Development Corporation. 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: $735
- Program Service Revenue: $219,500
- Gross Receipts: $274,491
Assets and Liabilities:
- Total Assets: $2,893,661
- Total Liabilities: $386,676
- Net Assets: $2,506,985
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME - N/R
Revenue
$43,598
LOAN COMMITMENT FEES
Revenue
$6,781
MANAGEMENT FEES
Revenue
$39,833
PARKING INCOME
Revenue
$2,400
RENTAL INCOME
Revenue
$124,480
Organization Details
Founding Year
1986
Phone
(570) 628-4647Principal Officer
Bobby Weaver
Main Address
ONE SOUTH SECOND STREET, POTTSVILLE, PA, 17901
NTEE Category
Code: S310 - Community improvement
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