2025-02-19T11:07:40-06:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 150 S WARNER ROAD SUITE 310 KING OF PRUSSIA PA 19406 990 2023-07-01 232843207 INSTITUTE FOR ECONOMIC DEVELOPMENT INST 6104477861 PO BOX 782 CHESTER PA 19016 LISA GAFFNEY EXECUTIVE DIRECTOR 6104477861 2025-02-14 1 1 KATHLEEN CHATTLEY P02487612 2156433900 2025-02-14 2023 2025-03-06 01:10:19Z RIVERFRONT ALLIANCE OF DELAWARE COUN LISA GAFFNEY PO BOX 782 CHESTER PA 19016 729503 0 X WWW.DELCORIVERFRONT.COM X 1996 PA IMPLEMENT PROGRAMS TO PROMOTE THE DEVELOPMENT OF THE DELAWARE COUNTY WATERFRONT. 21 21 0 83 0 0 759190 693083 110100 0 19810 36420 0 0 889100 729503 4018 7050 0 0 0 0 0 0 0 1224760 425105 1228778 432155 -339678 297348 1642013 1557098 406126 23863 1235887 1533235 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 23788 7050 0 HOUSING & NEIGHBORHOOD REVITALIZATIONIN PARTNERSHIP WITH THE CHESTER COMMUNITY IMPROVEMENT PROJECT (CCIP), RADC HAS BEEN WORKING ON A MIDDLE-INCOME NEIGHBORHOOD STRATEGY TO STABILIZE KEY AREAS WITH HIGHER-THAN-AVERAGE HOMEOWNERSHIP UNITS. 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 THE NOVA VISTA AND IRVINGTON HILLS NEIGHBORHOODS. THIS INITIATIVE COMPLEMENTED THE CONSTRUCTION OF NEW HOMES AT ARBOR ESTATES LOCATED WITHIN THE NOVA VISTA NEIGHBORHOOD.SINCE THE INCEPTION OF THE PROGRAM, RADC RECENTLY ADDED NEW NEIGHBORHOODS INCLUDING 9TH & CENTRAL AVENUE ON THE WEST END OF CHESTER. HOMEOWNERS RESIDING IN THE MLK HOMES ON WEST 7TH STREET RECEIVED FACADE IMPROVEMENTS AND SECURITY LIGHTING AND CAMERAS. THE NEWEST TARGET AREA IS THE 2800-3000 BLOCKS OF WEST 7TH STREET DIRECTLY ACROSS THE STREET FROM THE NEW HOUSING PROPOSED AS PART OF THE GRACE MANOR AFFORDABLE HOUSING DEVELOPMENT. 276852 0 0 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. THE PHILADELPHIA UNION, THROUGH ITS KEYSTONE SPORTS AND ENTERTAINMENT ENTITY, HAS PROVIDED THE REQUIRED 20% IN MATCHING FUNDS. RADC ISSUED A REQUEST FOR PROPOSALS AND AWARDED THE PROJECT TO MCMAHON ASSOCIATES NOW KNOWN AS BOWMAN ENGINEERING. THE ENGINEERING IS WELL UNDERWAY WITH BOWMAN WORKING WITH PENNDOT ON MEETING THE REQUIREMENTS NEEDED TO OBTAIN A HIGHWAY OCCUPANCY PERMIT. RADC HAS BEEN AWARDED A TOTAL OF $1,250,000 IN WATERFRONT DEVELOPMENT TAX CREDITS FROM THE COMMONWEALTH FOR WEST 2ND STREET THAT HAVE BEEN PURCHASED BY ONE OF OUR MEMBERS, POWER HOME REMODELING GROUP. THE IMPROVEMENTS, WHEN FULLY FUNDED, WILL ENHANCE PEDESTRIAN SAFETY, CREATE A MULTIUSE PATH CONNECTED TO THE EAST COAST GREENWAY, INSTALL LANDSCAPING, AND ADDRESS STORMWATER MANAGEMENT. EAST COAST GREENWAY - CONNECTOR STREETS:RADC, IN COLLABORATION 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, FROM THE DEPARTMENT OF CONSERVATION AND NATURAL RESOURCES (DCNR) AND THE DEPARTMENT OF ENVIRONMENTAL PROTECTION'S COASTAL ZONE MANAGEMENT (CZM) PROGRAM, 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. DESIGN WORK IS ABOUT 90% COMPLETE AND IS EXPECTED TO BE BID OUT IN THE SECOND QUARTER OF 2025.RADC COMPLETED A GRANT APPLICATION ON BEHALF OF THE CITY OF CHESTER FOR NORRIS STREET. THIS APPLICATION WAS AWARDED FEDERAL TRANSPORTATION ALTERNATIVE SET ASIDE FUNDING IN THE AMOUNT OF $1.3 MILLION. THE DESIGN OF THIS CONNECTOR STREET IS ABOUT 70% COMPLETE AND IS BEING FUNDED WITH GRANTS FROM DCNR AND THE CZM PROGRAM.REANEY STREET:REANEY STREET SERVES AS THE MAIN ENTRANCE TO SUBARU PARK STADIUM. LACKING CONTINUOUS SIDEWALKS AND AN ADA COMPLIANT CROSSWALK, PEDESTRIAN ACCESS IS DIFFICULT AND UNSAFE. WITH LITTLE LANDSCAPING AND INSUFFICIENT LIGHTING, THIS BLEAK INDUSTRIAL ROADWAY HAS BEEN TRANSFORMED INTO ONE OF THE MOST ATTRACTIVE STREETSCAPES IN DELAWARE COUNTY. THIS SECTION OF REANEY STREET IS NOW SUBSTANTIALLY COMPLETE WITH A CELEBRATION EVENT HELD IN MID-NOVEMBER. IMPROVEMENTS INCLUDE NEW CURBS, SIDEWALKS, STORMWATER MANAGEMENT AND LANDSCAPING. WITH PEDESTRIAN SCALE LIGHTING, STRING LIGHTING, DECORATIVE BOLLARDS AND PAVING, AND A RAISED INTERSECTION FOR TRAFFIC CALMING, IT IS A WELCOMING CONNECTION TO THE CHESTER WATERFRONT. ADDITIONAL PAVING AND RELOCATION OF UTILITY AND COMMUNICATION LINES HAVE YET TO BE COMPLETED, AWAITING RAIL LINE PERMITTING BEFORE WORK CAN COMMENCE. AT THE INTERSECTION OF ROUTE 291 AND REANEY STREET, SAFETY LIGHTING WAS APPROVED BY PENNDOT AND INSTALLED. THE FLASHING BEACONS WILL INCREASE CONNECTIVITY FROM CHESTER'S RESIDENTIAL NEIGHBORHOOD TO THE WATERFRONT BY SLOWING DOWN VEHICULAR TRAFFIC AND ALLOWING PEDESTRIAN ACCESS. IT IS DESIGNED TO BE UPGRADED TO A FULL SIGNAL IF NEEDED IN THE FUTURE. REANEY STREET COMPLEMENTS AND BUILDS ON THE PREVIOUS STREETSCAPE WORK COMPLETED BY RADC ON ENGLE STREET. WITH FUNDING FROM THE PRIVATE SECTOR IN THE FORM OF WATERFRONT DEVELOPMENT TAX CREDITS (PURCHASED BY RADC MEMBER POWER HOME REMODELING), AMERICAN RESCUE PLAN ACT ASSISTANCE FROM THE CITY OF CHESTER, DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT (DCED), COUNTY LIQUID FUEL FUNDS AND SUPPORT FROM THE PHILADELPHIA UNION, THIS $1.4 MILLION PROJECT IS A PUBLIC PRIVATE PARTNERSHIP. THE WORK WOULD NOT HAVE BEEN COMPLETED WITHOUT THESE PARTNERSHIPS.IN ADDITION TO THE STREETSCAPE, THE PHILADELPHIA UNION IS NOW INVESTING IN ONE OF ITS PROPERTIES ON REANEY STREET. THIS UNDERUTILIZED BUILDING HAS BEEN RENOVATED INTO A BREW HALL FOLLOWING A $2 MILLION PRIVATE INVESTMENT, ADDING ANOTHER AMENITY TO THE WATERFRONT AND INCREASING TAX RATABLES FOR THE CITY OF CHESTER. WATERFRONT PROGRAMMING, COMMUNITY WORKDAYS & EVENTS:IN THE SPRING OF 2024, RADC IN CONJUNCTION WITH LOCAL COMMUNITY-BASED PARTNERS, AS WELL AS THE PARTNERSHIP FOR THE DELAWARE ESTUARY (PDE), PLANNED ITS SECOND 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 FOOD TRUCKS, LOCAL DANCE TROUPE PERFORMANCES AND A D.J. 0 0 0 PUBLIC SAFETYRADC CONTINUES TO USE FUNDS FOR ADDING SECURITY CAMERAS, LIGHTING AND IMPROVED STREETSCAPES IN HIGH CRIMES AREAS. RADC ASSISTED ONE OF THE BUSINESSES IN THE CENTRAL BUSINESS DISTRICT BY PURCHASING AND INSTALLING SEVERAL SECURITY LIGHTS AND CAMERAS ACROSS THE STREET FROM A BUS STOP WHICH HAD BEEN THE SITE OF CRIMINAL ACTIVITY. 300640 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 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 LISA GAFFNEY 6105293627 PO BOX 782 CHESTER PA 19016 X ADAM KALINER CHAIR/PRESIDENT 1.00 X X 0 0 0 DR STACEY ROBERTSON VICE CHAIR/VICE PRESIDENT 1.00 X X 0 0 0 LISA GAFFNEY EXECUTIVE DIRECTOR 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 JOANNE MCFALL DIRECTOR 1.00 X 0 0 0 FRANCES SHEEHAN DIRECTOR 1.00 X 0 0 0 LAURA GOODRICH CAIRNS DIRECTOR 1.00 X 0 0 0 GEOFFREY BRANDON DIRECTOR 1.00 X 0 0 0 JAMES TURNER DIRECTOR 1.00 X 0 0 0 JOHN SCOTT DIRECTOR 1.00 X 0 0 0 ZARA ALAYAN DIRECTOR 1.00 X 0 0 0 VICKEY PATEL DIRECTOR 1.00 X 0 0 0 TODD STRINE DIRECTOR 1.00 X 0 0 0 JUSTIN DUNN DIRECTOR AS OF 9/28/23 1.00 X 0 0 0 SHEPARD GARNER DIRECTOR AS OF 12/4/23 1.00 X 0 0 0 REGAN HOWELL DIRECTOR AS OF 3/14/24 1.00 X 0 0 0 MARTA YERA CRONIN DIRECTOR AS OF 6/13/24 1.00 X 0 0 0 JULIA LEE DIRECTOR UNTIL 6/30/24 1.00 X 0 0 0 DAN MURPHY DIRECTOR UNTIL 6/30/24 1.00 X 0 0 0 JEFFREY K WARMANN DIRECTOR UNTIL 3/14/24 1.00 X 0 0 0 ROBERT WILLERT DIRECTOR UNTIL 12/4/23 1.00 X 0 0 0 0 0 0 0 0 0 0 DENNEY ELECTRIC SUPPLY 523 RHOADS AVE BOYERTOWN PA 19512 STREET REPAIR 160405 1 114200 42178 536705 693083 36420 36420 729503 0 0 36420 7050 7050 85500 85500 1313 1313 29666 29666 11360 11360 271 271 2825 2825 REPAIRS AND MAINTENANCE 293590 293590 DUES AND SUBSCRIPTIONS 305 305 275 275 432155 300640 131515 0 274457 13632 1259693 1526113 70125 16373 36905 833 980 15533 15533 0 0 1642013 1557098 406126 23863 406126 23863 X 175189 192746 1060698 1340489 1235887 1533235 1642013 1557098 297348 0 X 0 1 X 1 0 X 656214 732350 959892 869290 693083 3910829 656214 732350 959892 869290 693083 3910829 2482063 1428766 1552 400 1098 19810 36420 59280 3970109 0.35990 0.41640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15533 15533 0 0 X 729503 0 729503 0 729503 432155 0 432155 0 432155 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. 0 EMPLOYER HOMEBUYER ASSISTANCE 2 7050 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 $85,500. 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. THE POLICY IS MONITORED BY THE DIRECTOR OF COMMUNITY DEVELOPMENT OF CHESTER ECONOMIC DEVELOPMENT AUTHORITY (CEDA) PURSUANT TO THE MANAGEMENT AGREEMENT IN PLACE BETWEEN THE ORGANIZATION AND CEDA. IF A CONFLICT ARISES, CEDA CONSULTS LEGAL COUNSEL ON THE APPROPRIATE ACTION. 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.