Overview
What is Institute For Economic Development?
The Institute for Economic Development, operating under the name Riverfront Alliance of Delaware County (RADC), is a collaborative initiative comprising private corporations and non-profit organizations. Their primary mission is to combat the socio-economic challenges stemming from disinvestment in the community, with a specific focus on revitalizing the Chester waterfront. To achieve this goal, RADC implements a variety of innovative economic development programs and activities, including exterior improvements and camera installations on homes, as demonstrated in the Nova Vista and Irvington Hills neighborhoods. Additionally, RADC has secured funding for similar projects in other underserved areas, such as the West End of Chester. The organization's work is supported by various grants and funding sources, including the Foundation for Delaware County, TD Bank Charitable Foundation, WSFS Bank, and Caesar's Foundation.
Official website here: www.delcoriverfront.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Institute for Economic Development has achieved a noteworthy 96% score from Charity Navigator, indicating strong performance in accountability and finance. This high rating reflects the charity's commitment to maintaining transparency and sound financial practices, as evidenced by the robust oversight of its finances and the absence of material diversion of assets.
One of the organization's strengths is its governance structure, boasting a fully independent board with 21 members, which enhances accountability in decision-making processes. Additionally, the charity has established comprehensive policies for conflict of interest, whistleblower protections, and document retention, further demonstrating its dedication to ethical management.
While the organization excels in financial management, it is important to consider that its high score is based solely on the Accountability & Finance beacon. There is no mention of programmatic effectiveness or impact metrics, which are also crucial for assessing overall organizational performance. Nonetheless, the Institute for Economic Development stands out for its fiscal integrity and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Institute For Economic Development legitimate?
Institute For Economic Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute For Economic Development 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.delcoriverfront.com
What is the mission statement of Institute For Economic Development?
The Institute for Economic Development, often referred to as the Riverfront Alliance of Delaware County (RADC), is a collaboration of private sector corporations and non-profit institutions. Their mission is centered around countering the social and economic challenges that arise from disinvestment in their community. Specifically, RADC is committed to implementing a mix of innovative economic development programs and activities, aimed at physically, economically, and socially revitalizing the city of Chester. Their primary focus is on promoting the development of the Delaware County waterfront.
Official website here: www.delcoriverfront.com
What is the revenue of Institute For Economic Development?
Institute For Economic Development's revenue in 2024 was $729,503.
Official website here: www.delcoriverfront.com
Who are the executives of Institute For Economic Development and what are their salaries?
There 83 volunteers at Institute For Economic Development.
Here are 25 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.delcoriverfront.com
Where can I find the form 990 for Institute For Economic Development?
Institute For Economic Development's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.delcoriverfront.com
Learn more at the official website: www.delcoriverfront.com
Mission Statement of Institute For Economic Development
The Institute for Economic Development, often referred to as Riverfront Alliance of Delaware County (RADC), is a collective of private sector corporations and non-profit institutions. Their mission is to counteract the social and economic challenges arising from disinvestment in their community. This consortium is particularly committed to implementing a diverse range of innovative economic development programs and activities, focusing on the physical, economic, and social revitalization of the city of Chester. Within this broader context, the Institute for Economic Development is dedicated to promoting the development of Delaware County's waterfront, aiming to foster a more prosperous and vibrant community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Institute For Economic Development plays a crucial role in revitalizing the Delaware County waterfront and strengthening communities in Chester, PA. Through targeted programs, it focuses on housing and neighborhood revitalization, notably in the Nova Vista and Irvington Hills neighborhoods. Collaborating with the Chester Community Improvement Project (CCIP), the Institute has implemented a middle-income neighborhood strategy that has led to significant exterior improvements and the installation of security cameras on 33 homes, enhancing safety and aesthetics in the area.
The impact extends to new housing developments as seen in Arbor Estates, complementing the ongoing revitalization efforts. The Institute has successfully raised funds through various organizations, including the Foundation for Delaware County, TD Bank Charitable Foundation, and Caesar’s Foundation, to support these initiatives. These efforts have not only introduced physical improvements but have also fostered community engagement and stability in neighborhoods previously affected by disinvestment.
Furthermore, the Institute's commitment to economic development addresses broader social and economic issues, creating a more vibrant and sustainable community. By focusing on innovative programs aimed at social revitalization, the Institute is making a tangible difference in enhancing the quality of life for residents in Chester.
This information is meant to be a general summary of Institute For Economic Development. 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 2024.
- Investment Income: $36,420
- Program Service Revenue: $104,600
- Gross Receipts: $729,503
Assets and Liabilities:
- Total Assets: $1,642,197
- Total Liabilities: $66,632
- Net Assets: $1,575,565
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$104,600
Organization Details
Founding Year
1996
Phone
(610) 447-7861Principal Officer
Lisa Gaffney
Main Address
PO BOX 782, CHESTER, PA, 19016
Website
www.delcoriverfront.comNTEE Category
Code: S30 - Community improvement
If you are a representative of Institute For Economic Development and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.