2024-04-01T08:31:38-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 150 S WARNER ROAD SUITE 310 KING OF PRUSSIA PA 19406 990 2022-07-01 232843207 INSTITUTE FOR ECONOMIC DEVELOPMENT INST 6104477861 PO BOX 782 CHESTER PA 19016 LISA GAFFNEY EXECUTIVE DIRECTOR 6104477861 2024-03-27 1 LISA GAFFNEY 999009999 0 KATHLEEN CHATTLEY P02487612 2156433900 2024-03-27 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RIVERFRONT ALLIANCE OF DELAWARE COUN LISA GAFFNEY PO BOX 782 CHESTER PA 19016 889100 0 X WWW.DELCORIVERFRONT.COM X 1996 PA IMPLEMENT PROGRAMS TO PROMOTE THE DEVELOPMENT OF THE DELAWARE COUNTY WATERFRONT. 21 21 0 46 0 0 855292 759190 104600 110100 1098 19810 0 0 960990 889100 4570 4018 0 0 0 0 0 0 0 228643 1224760 233213 1228778 727777 -339678 1642197 1642013 66632 406126 1575565 1235887 X THE INSTITUTE FOR ECONOMIC DEVELOPMENT, DBA RIVERFRONT ALLIANCE OF DELAWARE COUNTY (RADC), IS A CONSORTIUM OF PRIVATE SECTOR CORPORATIONS AND NON-PROFIT INSTITUTIONS THAT HAVE COME TOGETHER TO DEVELOP AND IMPLEMENT PROGRAMS AND ACTIVITIES DESIGNED TO COUNTER THE SOCIAL AND ECONOMIC CONDITIONS THAT RESULT FROM DISINVESTMENT IN THIS COMMUNITY. WITHIN THIS BROAD CONTEXT, RADC IS SPECIFICALLY COMMITTED TO UNDERTAKING A TARGETED MIX OF INNOVATIVE ECONOMIC DEVELOPMENT PROGRAMS AND ACTIVITIES FOCUSED ON THE PHYSICAL, ECONOMIC AND SOCIAL REVITALIZATION OF THE CITY OF CHESTER. 0 0 1072643 4018 0 HOUSING & NEIGHBORHOOD REVITALIZATIONIN PARTNERSHIP WITH THE CHESTER COMMUNITY IMPROVEMENT PROJECT (CCIP), RADC HAS BEEN WORKING ON A MIDDLE INCOME NEIGHBORHOOD STRATEGY TO STABILIZE BOTH THE NOVA VISTA AND IRVINGTON HILLS NEIGHBORHOODS. USING FUNDS FROM THE FOUNDATION FOR DELAWARE COUNTY, TD BANK CHARITABLE FOUNDATION, WSFS BANK THROUGH THE NEIGHBORHOOD ASSISTANCE PROGRAM (NAP) AND CAESAR'S FOUNDATION, EXTERIOR IMPROVEMENTS AND CAMERA INSTALLATION HAVE BEEN COMPLETED ON 33 HOMES IN THIS NEIGHBORHOOD. THIS INITIATIVE COMPLEMENTED THE CONSTRUCTION OF NEW HOMES AT ARBOR ESTATES LOCATED WITHIN THE NOVA VISTA NEIGHBORHOOD.CONTINUED ON SCHEDULE O.RADC AND CCIP HAVE ALSO RAISED FUNDING FOR A SIMILAR PROJECT IN THE AREA NEAR 9TH & CENTRAL AVENUE ON THE WEST END OF CHESTER. THIS AREA HAS A CORE OF HOMEOWNERS WHO WOULD BENEFIT FROM EXTERIOR REPAIRS. CCIP WAS AWARDED NAP TAX CREDITS AND RADC RECEIVED FUNDING FROM THE CAESARS FOUNDATION TO BEGIN WORK IN THIS NEW TARGET AREA. 1732 0 110100 ECONOMIC DEVELOPMENTWEST 2ND STREET (ROUTE 291) IMPROVEMENTS - CHESTER WATERFRONT TRAIL:RADC WAS AWARDED REGIONAL TRAILS FUNDS THROUGH THE DELAWARE VALLEY REGIONAL PLANNING COMMISSION FOR ENGINEERING DESIGN WORK ON WEST 2ND STREET FROM HIGHLAND AVENUE TO NORRIS STREET. RADC ISSUED A REQUEST FOR PROPOSALS AND AWARDED THE PROJECT TO MCMAHON ASSOCIATES. THE CONTRACT HAS BEEN EXECUTED, THE NOTICE TO PROCEED ISSUED AND THE KICK-OFF MEETING WAS HELD. CONTINUTED ON SCHEDULE O. IN LATE 2022, RADC WAS AWARDED $750,000 IN WATERFRONT DEVELOPMENT TAX CREDITS FROM THE COMMONWEALTH THAT HAVE BEEN PURCHASED BY ONE OF OUR MEMBERS, POWER HOME REMODELING GROUP. THIS PROJECT, WHEN FULLY FUNDED, WILL INCLUDE PEDESTRIAN IMPROVEMENTS, DEVELOPMENT OF A MULTIUSE PATH CONNECTED PORTION TO THE EAST COAST GREENWAY, LANDSCAPING AND STORMWATER MANAGEMENT. EAST COAST GREENWAY - CONNECTOR STREETS:RADC, WORKING WITH THE PENNSYLVANIA ENVIRONMENTAL COUNCIL AND THE EAST COAST GREENWAY ALLIANCE, HAVE BEEN INVOLVED IN THE DESIGN OF THE HIGHLAND AVENUE CONNECTOR WITH AN ENGINEERING FIRM. DESIGN FUNDS HAVE ALSO BEEN AWARDED FOR THE NORRIS STREET CONNECTOR TRAIL ON THE EASTERN END OF THE TARGET AREA. ONCE CONSTRUCTED, THE HIGHLAND AND NORRIS CONNECTORS WILL ENABLE RESIDENTS TO SAFELY ACCESS THE HIGH QUALITY BUT DISCONNECTED CHESTER RIVERWALK, SUBARU PARK STADIUM AS WELL AS THE DELAWARE RIVER ITSELF.RADC ALSO COMPLETED THE GRANT APPLICATION ON BEHALF OF THE CITY OF CHESTER FOR FEDERAL FUNDING FOR THE CONSTRUCTION OF A COMPLETE STREETS PROJECT ON HIGHLAND AVENUE. THIS INITIATIVE WAS ONE OF 10 PROJECTS IN THE PHILADELPHIA REGION AWARDED FUNDING WHICH WILL INCLUDE THE DEVELOPMENT OF THE EAST COAST GREENWAY AND OTHER PEDESTRIAN IMPROVEMENTS. INITIAL DESIGN WORK IS ABOUT 30% COMPLETE AND THE COMMUNITY PARTICIPATION PIECE WILL START IN MID-APRIL WITH DOOR TO DOOR OUTREACH BY THE 9TH STREET YOUTH AND COMMUNITY CENTER. WATERFRONT STREETSCAPE PROJECTS:USING WATERFRONT DEVELOPMENT TAX CREDIT FUNDING, RADC COMPLETED THE DESIGN AND BIDDING OF THE FIRST PHASE OF THE STREETSCAPE ON THE UNIT AND 100 BLOCKS OF REANEY STREET. $500,000 IN TAX CREDITS WERE PURCHASED BY TWO RADC MEMBERS - POWER HOME REMODELING GROUP AND BRYN MAWR TRUST. WATERFRONT PROGRAMMING, COMMUNITY WORKDAYS & EVENTSIN LATE 2022, RADC IN CONJUNCTION WITH LOCAL COMMUNITY-BASED PARTNERS, AS WELL AS THE PARTNERSHIP FOR THE DELAWARE ESTUARY (PDE), PLANNED ITS FIRST DELAWARE RIVER FESTIVAL. THIS FESTIVAL HAS BEEN HELD IN PHILADELPHIA AND CAMDEN FOR A NUMBER OF YEARS AND PDE WANTED TO EXPAND IT TO CHESTER. RADC PLAYED A LARGE ROLE IN ORGANIZING AND RAISING FUNDS FOR THE EVENT THAT WAS HELD AT THE SUBARU PARK STADIUM PLAZA. WHILE THE EVENT HAD AN ENVIRONMENTAL FOCUS, IT ALSO INCLUDED VACCINATIONS, FOOD TRUCKS, LOCAL DANCE TROUPE PERFORMANCES AND A D.J. A TOUR OF THE STADIUM, A TRAINING EXERCISE BY THE POLICE AND FIRE DIVE TEAM AS WELL AS A GARDEN DEMONSTRATION BY THE PENNSYLVANIA HORTICULTURAL SOCIETY WERE HELD THROUGHOUT THE DAY. 0 0 0 RADC RECOGNIZES THAT HAVING A SECURE ENVIRONMENT IN WHICH TO LIVE, WORK, AND RECREATE IS ESSENTIAL. RADC MAINTAINS A STANDING PUBLIC SAFETY COMMITTEE, CO-CHAIRED BY CHIEF JAMES NOLAN, FROM THE DELAWARE COUNTY DISTRICT ATTORNEY'S OFFICE, AND DAN MURPHY, OWNER OF MURPHY FORD, WHICH FUNCTIONS AS FOLLOWS:-REGULARLY CONVENES LAW ENFORCEMENT AGENCIES, PRIVATE CORPORATIONS, AND NON-PROFIT ORGANIZATIONS TO SHARE BEST PRACTICES AND COORDINATE EFFORTS;CONTINUED ON SCHEDULE O.-IDENTIFY GOVERNMENT, FOUNDATION, AND CORPORATE FINANCIAL AND HUMAN RESOURCES THAT CAN BE USED TO AUGMENT LOCAL RESOURCES. RADC AND ITS PARTNER ORGANIZATIONS USE FUNDS FOR ADDING SECURITY CAMERAS, LIGHTING AND IMPROVED STREETSCAPES IN HIGH CRIMES AREAS, ADDING MAN POWER AND PATROLS IN HIGH CRIMES AREAS, AND RESEARCHING AND RECOMMENDING BEST PRACTICES FOR REDUCING CRIMES IN HIGH CRIME AREAS. 1074375 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 PA X CLIFTONLARSONALLEN LLP 2156433900 150 S WARNER ROAD KING OF PRUSSIA PA 19406 X ADAM KALINER PRESIDENT AS OF 1/23 1.00 X X 0 0 0 CHRIS ALBRECHT VICE CHAIR/VICE PRESIDENT 1.00 X X 0 0 0 TIM MCDERMOTT SECRETARY 1.00 X X 0 0 0 GERALD MILLER TREASURER 1.00 X X 0 0 0 JON COHN DIRECTOR 1.00 X 0 0 0 VINCE DEL ROSSI DIRECTOR 1.00 X 0 0 0 STEVEN FISCHER DIRECTOR 1.00 X 0 0 0 JULIA LEE DIRECTOR 1.00 X 0 0 0 JOANNE MCFALL DIRECTOR 1.00 X 0 0 0 DAN MURPHY DIRECTOR 1.00 X 0 0 0 FRANCES SHEEHAN DIRECTOR 1.00 X 0 0 0 JEFFREY K WARMANN DIRECTOR 1.00 X 0 0 0 ROBERT WILLERT DIRECTOR 1.00 X 0 0 0 LAURA GOODRICH CAIRNS DIRECTOR AS OF 8/22 1.00 X 0 0 0 GEOFFREY BRANDON DIRECTOR AS OF 8/22 1.00 X 0 0 0 DR STACEY ROBERTSON DIRECTOR 1.00 X 0 0 0 RAYFIELD LAKES DIRECTOR 1.00 X 0 0 0 JAMES TURNER DIRECTOR AS OF 10/22 1.00 X 0 0 0 JOHN SCOTT DIRECTOR AS OF 12/22 1.00 X 0 0 0 DR CRAIG PARKINSON DIRECTOR AS OF 9/22 1.00 X 0 0 0 DOMINIC CANUSO DIRECTOR AS OF 11/22 1.00 X 0 0 0 LISA GAFFNEY EXECUTIVE DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 MOR CONSTRUCTION SERVICES 139 SCHOOLHOUSE LANE GLEN MILLS PA 09342 CONSTRUCTION 347824 MCMAHON ASSOCIATES INC 425 COMMERCE DR STE 200 FORT WASHINGTON PA 19034 CIVIL ENGINEERING 105626 2 124063 635127 759190 MEMBERSHIP DUES 900099 110100 110100 110100 19810 19810 889100 110100 0 19810 4018 4018 106123 106123 22526 22526 15740 15740 422 422 2800 2800 REPAIRS AND MAINTENANCE 1068625 1068625 OTHER EXPENSES 7699 1732 5967 DUES AND SUBSCRIPTIONS 825 825 1228778 1074375 154403 0 278039 274457 1284883 1259693 78442 70125 36905 833 833 15533 15533 0 0 1642197 1642013 66632 406126 66632 406126 X 174682 175189 1400883 1060698 1575565 1235887 1642197 1642013 -339678 0 X 0 1 X 1 0 X 215960 562714 630500 855292 759190 3023656 215960 562714 630500 855292 759190 3023656 2172159 851497 834 1552 400 1098 19810 23694 3047350 498050 0.27940 0.38290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15533 15533 0 0 X 889100 0 889100 0 889100 1228778 0 1228778 0 1228778 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PRESCRIBE RULES FOR THE RECOGNITION, MEASUREMENT, CLASSIFICATION, AND DISCLOSURE IN THE FINANCIAL STATEMENTS OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE ORGANIZATION'S TAX RETURNS. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS OR ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. SINCE TAX MATTERS ARE SUBJECT TO SOME DEGREE OF UNCERTAINTY, THERE CAN BE NO ASSURANCE THAT THE ORGANIZATION'S TAX RETURNS WILL NOT BE CHALLENGED BY THE TAXING AUTHORITIES AND THAT THE ORGANIZATION WILL NOT BE SUBJECT TO ADDITIONAL TAX, PENALTIES, AND INTEREST AS A RESULT OF SUCH CHALLENGE. FORM 990, PART VI, SECTION A, LINE 1A THE CHAIR OF THE BOARD SHALL ANNUALLY APPOINT AN EXECUTIVE COMMITTEE. WHEN THE BOARD OF DIRECTORS IS NOT MEETING, ALL POWERS AND AUTHORITIES GRANTED TO THE CORPORATION PURSUANT TO THE BYLAWS SHALL BE VESTED IN THE CORPORATION'S EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF THE FOLLOWING MEMBERS: (1) THE CHAIR/PRESIDENT OF THE BOARD OF DIRECTORS AND ALL OTHER OFFICERS OF THE BOARD AS DEFINED IN THE CORPORATION'S BYLAWS; (2) UP TO THREE ADDITIONAL BOARD MEMBERS AS APPOINTED BY THE CHAIR/PRESIDENT AFTER HIS OR HER ELECTION AT THE ANNUAL MEETING; AND (3) THE EXECUTIVE DIRECTOR OF THE CORPORATION, WHO SHALL SERVE AS AN EX-OFFICIO, NON-VOTING MEMBER. THE EXECUTIVE COMMITTEE DOES NOT HAVE THE AUTHORITY TO: (1) MAKE ANY UNBUDGETED EXPENSE OR LOAN OBLIGATION IN EXCESS OF $10,000 NOT PREVIOUSLY APPROVED BY THE BOARD OF DIRECTORS, AND (2) AMEND THE BYLAWS OR OTHER RULES ADOPTED BY THE BOARD. FORM 990, PART VI, SECTION A, LINE 3 THERE IS A MANAGEMENT AGREEMENT BETWEEN CHESTER ECONOMIC DEVELOPMENT AUTHORITY (CEDA) AND THE ORGANIZATION FOR MANAGEMENT SERVICES, INCLUDING SERVICES TYPICALLY PERFORMED BY AN EXECUTIVE DIRECTOR. THE ORGANIZATION PAYS CEDA A MONTHLY SERVICE FEE FOR MANAGEMENT AND EXECUTIVE DIRECTOR SERVICES PROVIDED. THE TOTAL PROFESSIONAL FEES PAID TO CEDA FOR THE FISCAL YEAR WERE $106,123. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE EXECUTIVE COMMITTEE OF THE BOARD WILL REVIEW THE FORM 990 PRIOR TO FILING AND WILL PROVIDE EACH VOTING MEMBER OF THE GOVERNING BODY A COPY PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REVIEWS AND APPROVES THE CONFLICT OF INTEREST POLICY ANNUALLY. WHEN THE WRITTEN POLICY IS PROVIDED TO THE BOARD, THEY ARE ASKED TO DISCLOSE KNOWN CONFLICTS OR VERIFY THAT NONE EXIST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.