Overview
What is Pidc-Financing Corporation?
Pidc-Financing Corporation is a nonprofit organization, funded by the Commonwealth of Pennsylvania, that specializes in administering loan programs to aid in the growth of businesses. Specifically, they manage and oversee the PIDA loan program, which offers financing for businesses looking to acquire real estate, make leasehold improvements, or purchase capital equipment. As of December 31, 2022, the total PIDA loan portfolio stood at $5 million. This organization plays a significant role in supporting local businesses by providing them with financial resources for expansion and development.
Official website here: www.pidcphila.com
Is Pidc-Financing Corporation legitimate?
Pidc-Financing Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Pidc-Financing 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.
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For more financial information, click here
Official website here: www.pidcphila.com
What is the mission statement of Pidc-Financing Corporation?
Pidc-Financing Corporation serves a mission by administering loan programs, funded primarily by the Commonwealth of Pennsylvania. These loan programs are designed to support the growth of businesses. Specifically, they manage the PIDA loan program, providing financing for businesses to acquire real estate, make leasehold improvements, and purchase capital equipment. As of December 31, 2022, the PIDA loan portfolio stood at $5 million. In essence, Pidc-Financing Corporation plays a crucial role in facilitating financial support for businesses, fostering growth and development within the economic landscape.
Official website here: www.pidcphila.com
Who is the CEO of Pidc-Financing Corporation?
Anne Nevins is the President of Pidc-Financing Corporation.
Official website here: www.pidcphila.com
What is the revenue of Pidc-Financing Corporation?
Pidc-Financing Corporation's revenue in 2022 was $44,847.
Official website here: www.pidcphila.com
Who are the executives of Pidc-Financing Corporation and what are their salaries?
There 30 volunteers at Pidc-Financing Corporation.
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- Related: $95,416
- Other: $42,380
Official website here: www.pidcphila.com
Where can I find the form 990 for Pidc-Financing Corporation?
Pidc-Financing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pidcphila.com
Learn more at the official website: www.pidcphila.com
Mission Statement of Pidc-Financing Corporation
Pidc-Financing Corporation, in essence, plays a crucial role in administering loan programs that are financially backed by the Commonwealth of Pennsylvania. This mission is geared towards supporting the growth of businesses. Specifically, the corporation manages and oversees the PIDA loan program, which provides financing to businesses for various purposes such as purchasing real estate, making leasehold improvements, and acquiring capital equipment. As of December 31, 2022, the PIDA loan portfolio under their administration amounted to $5 million. This indicates the corporation's significant involvement in facilitating financial support for businesses, thereby contributing to their growth.
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Impact
October, 2024
Pidc-Financing Corporation plays a crucial role in supporting the growth of businesses in Pennsylvania by administering loan programs that cater to various financing needs. By managing the Pennsylvania Industrial Development Authority (PIDA) loan program, the organization provides businesses with essential funding for acquiring real estate, enhancing leasehold improvements, and investing in capital equipment.
As of December 31, 2022, the PIDA loan portfolio reached $5 million, demonstrating a significant impact on the local economy. This access to capital not only enables businesses to expand and create jobs, but also contributes to community improvement and economic development. The programs offered by Pidc-Financing Corporation help foster a thriving business environment in Philadelphia and beyond, empowering local entrepreneurs to realize their visions and drive sustainable growth.
This information is meant to be a general summary of Pidc-Financing 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: $15,844
- Program Service Revenue: $29,003
- Gross Receipts: $44,847
Assets and Liabilities:
- Total Assets: $6,545,769
- Total Liabilities: $314,700
- Net Assets: $6,231,069
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ECONOMIC DEVELOPMENT
Revenue
$29,003
Organization Details
Founding Year
1968
Phone
(215) 496-8020Principal Officer
Anne Nevins
Main Address
1500 MARKET STREET 3500W, PHILADELPHIA, PA, 19102
Website
www.pidcphila.comNTEE Category
Code: S30 - Community improvement
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