Public Charity

PIDC LOCAL DEVELOPMENT CORPORATION

PIDC LOCAL DEVELOPMENT CORPORATION is a Public Charity headquartered in PHILADELPHIA, PA. Financial data from the 2024 filing: $8.9M revenue, $13.9M expenses, $202.8M total assets. 4 publicly reported grants to this organization, totaling roughly $2.8M, appear in IRS filings.

EIN: 300598934 PHILADELPHIA, PA Economic Development NTEE: S30 Latest filing: 2024
Total Revenue$8.9M
Total Expenses$13.9M
Total Assets$202.8M
Grant Records4
Funding Total$2.8M
Filing Years2019–2024

Mission

SEE SCHEDULE O.PIDC-LDC ADMINISTERS, AS A SUBRECIPIENT OF THE CITY OF PHILADELPHIA, VARIOUS FEDERALLY FUNDED GRANT PROGRAMS, INCLUDING COMMUNITY DEVELOPMENT BLOCK GRANTS, HOUSING AND URBAN DEVELOPMENT LOANS, AND ECONOMIC DEVELOPMENT ADMINISTRATION LOANS. THESE PROGRAMS ASSIST IN THE ECONOMIC DEVELOPMENT INITIATIVES OF THE CITY OF PHILADELPHIA.

Where $100 goes at Pidc Local Development Corporation

How Pidc Local Development Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 6 years.

$100 Programs the work itself
<$1 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $100 for programs

$76
Support growth & resilience of businesses and developers
76% of program spending · Reported in the filing: 69 businesses
$12
Investing in high impact revitalization
12% of program spending · Reported in the filing: 186 grants
$12
Contract management:manage various loans and grant programs on behalf of the city of Philadelphia, commonwealth of pennsylvania and federal agencies that serve to retain and grow employment in…
About 12% (cost not reported)
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Adam Thiel
DIRECTOR Alba Martinez
EVP & CFO (START 9/25) Amy C Leichner
VICE-CHAIR (THRU 6/24) Andrea Allon
DIRECTOR Angelo Perryman
DIRECTOR Anne Brooks

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$2,232,813 1 grant
Economic Development
$542,570 3 grants

Financial Trends

Year Revenue Expenses Assets
2024 $8.9M $13.9M $202.8M
2023 $9.7M $28.8M $203.5M
2022 $11.5M $2.5M $223.2M
2020 $13.5M $7.6M $220.0M
2019 $8.3M $6.8M $227.2M

Between 2019 and 2024, reported annual revenue grew from $8.3M to $8.9M (+7%), with total assets most recently reported at $202.8M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for PIDC LOCAL DEVELOPMENT CORPORATION

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