Overview
What is Delaware Valley Regional Economic Development Fund?
The Delaware Valley Regional Economic Development Fund is a nonprofit organization situated in Philadelphia, Pennsylvania. Its primary mission is to stimulate economic growth in southeastern Pennsylvania by backing projects and tourism initiatives. The organization provides loans to various organizations and entities within the region, aiming to create job opportunities. By supporting these entities in securing necessary capital, it contributes to their growth and prosperity. Furthermore, the Delaware Valley Regional Economic Development Fund is also committed to promoting tourism within the area, thereby boosting the regional economy. This dedicated nonprofit operates with a small team of one employee.
Official website here: www.dvredf.org
Is Delaware Valley Regional Economic Development Fund legitimate?
Delaware Valley Regional Economic Development Fund is a legitimate nonprofit organization registered as a 501(c)(4) entity. Delaware Valley Regional Economic Development Fund 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: $98,293
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.dvredf.org
What is the mission statement of Delaware Valley Regional Economic Development Fund?
The Delaware Valley Regional Economic Development Fund is dedicated to serving a specific region, promoting economic development with a focus on job creation. They assist local entities in securing necessary capital to grow and prosper. Additionally, the fund supports and promotes tourism, providing loans for projects that contribute to economic growth through job impact and tourism-related initiatives. By doing so, they help organizations and entities in the area to grow and thrive.
Official website here: www.dvredf.org
Who is the CEO of Delaware Valley Regional Economic Development Fund?
John Coffman is the Chairman of Delaware Valley Regional Economic Development Fund.
Official website here: www.dvredf.org
What is the revenue of Delaware Valley Regional Economic Development Fund?
Delaware Valley Regional Economic Development Fund's revenue in 2022 was $2,146,988.
Official website here: www.dvredf.org
Who are the executives of Delaware Valley Regional Economic Development Fund and what are their salaries?
The average compensation at Delaware Valley Regional Economic Development Fund during 2022 was $98,293. There is 1 employee at Delaware Valley Regional Economic Development Fund.
Here are 6 key members and their salaries:
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- Compensation: $82,025
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- Other: $13,000
Official website here: www.dvredf.org
Where can I find the form 990 for Delaware Valley Regional Economic Development Fund?
Delaware Valley Regional Economic Development Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dvredf.org
Learn more at the official website: www.dvredf.org
Mission Statement of Delaware Valley Regional Economic Development Fund
The Delaware Valley Regional Economic Development Fund, abbreviated as DVREDF, is committed to serving Southeastern Pennsylvania by fostering economic growth and job creation. Its mission is twofold: firstly, it aims to assist local entities in securing the necessary capital required for growth and prosperity. Secondly, DVREDF supports and promotes tourism within the region. Through its loan programs, DVREDF helps organizations and entities that generate job impact, thereby contributing to the region's economic development.
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Impact
October, 2024
The Delaware Valley Regional Economic Development Fund plays a crucial role in fostering economic growth in Southeastern Pennsylvania by focusing on job creation and capital accessibility. By providing loans, it supports local organizations and entities in executing projects that lead to significant job impacts. This financial assistance not only helps businesses thrive but also stimulates tourism, contributing to the region's overall economic vitality.
The Fund's commitment to promoting economic development directly influences the community, enabling businesses to secure the necessary capital for expansion and innovation. As a result, local employment opportunities increase, enhancing the quality of life for residents. In addition to supporting job growth, the Fund’s initiatives to promote tourism help attract visitors, further bolstering the local economy. Overall, the Delaware Valley Regional Economic Development Fund plays a vital role in creating a robust economic environment that benefits all stakeholders in the region.
This information is meant to be a general summary of Delaware Valley Regional Economic Development Fund. 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: $1,979,360
- Program Service Revenue: $58,792
- Gross Receipts: $3,819,269
Assets and Liabilities:
- Total Assets: $35,443,943
- Total Liabilities: $51,961
- Net Assets: $35,391,982
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME FROM LOANS
Revenue
$58,792
Organization Details
Founding Year
1994
Phone
(215) 531-7450Principal Officer
John Coffman
Main Address
1500 MARKET STREET 12TH FL EAST T, PHILADELPHIA, PA, 19102
Website
www.dvredf.orgNTEE Category
Code: S30 - Community improvement
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