Overview
What is Philadelphia Industrial Development Corporation?
The Philadelphia Industrial Development Corporation (PIDC) is a nonprofit organization committed to boosting investment, promoting business expansion, and encouraging development that fosters job creation, neighborhood revitalization, and economic growth throughout Philadelphia. Their initiatives, as outlined in Schedule O, consist of implementing various economic development projects that enhance the competitive environment and generate higher tax revenues for the city.
Official website here: www.pidcphila.com
What are the reviews and ratings of this charity?
The Philadelphia Industrial Development Corporation is currently not rated by Charity Navigator. The absence of a rating simply indicates that the organization has not yet been evaluated and does not reflect a positive or negative assessment. It's noteworthy that Charity Navigator cannot evaluate this organization using their various methodologies as it is not registered under the IRS 501(c)(3) nonprofit classification.
Since detailed revenue, expenses, and salary data are unavailable, Charity Navigator cannot offer an Accountability & Finance score either. This limitation restricts a comprehensive financial insight into the organization's operation. Despite this, basic elements from the IRS Business Master File suggest that the organization functions independently, lacking affiliation with broader organizational groups.
There are no user reviews of the Philadelphia Industrial Development Corporation available on GreatNonprofits, which limits insight into personal experiences or community impact perception. Consequently, evaluations must rely on the structural data provided, without qualitative feedback from the public users.
This AI summary has been generated from information found on Charity Navigator.
Is Philadelphia Industrial Development Corporation legitimate?
Philadelphia Industrial Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Philadelphia Industrial 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: $2,988,989
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,330,519
For more financial information, click here
Official website here: www.pidcphila.com
What is the mission statement of Philadelphia Industrial Development Corporation?
The Philadelphia Industrial Development Corporation (PIDC) is dedicated to stimulating investment, aiding business expansion, and fostering development in various parts of the city. This commitment leads to the generation of new jobs and the revitalization of neighborhoods, ultimately contributing to an overall economic growth. PIDC's mission encompasses creating opportunities and driving development that reaches every corner of Philadelphia.
Official website here: www.pidcphila.com
What is the revenue of Philadelphia Industrial Development Corporation?
Philadelphia Industrial Development Corporation's revenue in 2023 was $20,971,900.
Official website here: www.pidcphila.com
Who are the executives of Philadelphia Industrial Development Corporation and what are their salaries?
The average compensation at Philadelphia Industrial Development Corporation during 2023 was $105,310. There are 79 employees and 30 volunteers at Philadelphia Industrial Development Corporation.
Here are 47 key members and their salaries:
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- Other: $26,625
- Compensation: $144,959
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- Other: $8,175
Official website here: www.pidcphila.com
Where can I find the form 990 for Philadelphia Industrial Development Corporation?
Philadelphia Industrial Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.pidcphila.com
Learn more at the official website: www.pidcphila.com
Mission Statement of Philadelphia Industrial Development Corporation
The Philadelphia Industrial Development Corporation (PIDC) is a dynamic organization that plays a pivotal role in Philadelphia's economic landscape. With a mission to spur investment, support business growth, and foster development, PIDC creates jobs, revitalizes neighborhoods, and drives growth across the city.
In simple terms, PIDC plans and implements economic development initiatives that enhance the competitive environment and generate higher tax ratables throughout Philadelphia. By doing so, they contribute significantly to Philadelphia's economy, making it an attractive place for businesses and residents alike.
Established with the goal of fostering development that reaches every corner of the city, PIDC is dedicated to creating vibrant, thriving communities. Through their initiatives, they have successfully generated jobs and revitalized neighborhoods, transforming them into bustling hubs of economic activity. With a commitment to growth, PIDC is the driving force behind Philadelphia's economic progress.
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Impact
October, 2024
Philadelphia Industrial Development Corporation (PIDC) plays a crucial role in enhancing the economic landscape of Philadelphia. By implementing strategic initiatives aimed at economic development, PIDC not only generates jobs but also increases the city's tax revenues. Its efforts focus on spurring investment and supporting business growth, which in turn revitalizes neighborhoods and drives overall growth throughout the city.
The organization's initiatives are designed to create a competitive environment that fosters development in every corner of Philadelphia, ensuring that the benefits of economic revitalization are widespread. Through targeted actions, PIDC contributes to community improvement and economic resilience, making a significant impact on the city's future.
This information is meant to be a general summary of Philadelphia Industrial 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 2023.
- Investment Income: $351,545
- Program Service Revenue: $18,497,092
- Gross Receipts: $20,971,900
Assets and Liabilities:
- Total Assets: $41,210,831
- Total Liabilities: $26,531,931
- Net Assets: $14,678,900
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUPPORT SMALL BUSINESS
Revenue
$7,546,899
CATALYZE GROWTH
Revenue
$5,527,406
INVEST IN HIGH IMPACT
Revenue
$5,252,714
LOAN FEES
Revenue
$170,073
Organization Details
Founding Year
1957
Principal Officer
Jodie Harris
Website
www.pidcphila.comNTEE Category
Code: S41 - Community improvement
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