2026-04-15T09:15:27-05:00 2025-12-31 251589048 YOUNG OAKES BROWN & COMPANY PC 1210 THIRTEENTH STREET ALTOONA PA 16601 990 2025-01-01 251143641 ALTOONA-BLAIR COUNTY DEVELOPMENT CORP ALTO 8149446113 3900 INDUSTRIAL PARK DRIVE ALTOONA PA 16602 STEPHEN MCKNIGHT PRESIDENT/CEO 8149446113 2026-02-24 1 DAVID SCOTT CPA P00173721 8149446191 2025 2025-03-06 01:10:19Z STEPHEN MCKNIGHT 3900 INDUSTRIAL PARK DRIVE ALTOONA PA 16602 8300944 0 X HTTP://WWW.ABCDCORP.ORG X 1946 PA CONTINUED FUNCTIONING AS A VECHICLE TO PROVIDE FINANCING,ETC FOR INDUSTRY AND EMPLOYMENT. 31 31 7 0 0 0 1066625 2318789 0 0 906676 931378 3169688 3483595 5142989 6733762 0 0 0 0 923468 1015484 0 0 0 4355984 4969641 5279452 5985125 -136463 748637 115924740 115906832 80090012 82269839 35834728 33636993 TO ENSURE BLAIR COUNTY IS THE BEST AND MOST COMPETITIVE COMMUNITY IT CAN BE SO WE CAN ATTRACT AND RETAIN TALENT, INVESTMENT, AND JOB OPPORTUNITIES FOR FUTURE GENERATIONS TO COME. 0 0 5424961 4414973 CONTINUED FUNCTIONING AS A VECHICLE TO PROVIDE FINANCING,ETC. FOR INDUSTRIAL AND EMPLOYMENT EXPANSION IN THE AREA 5424961 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 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 1 3 0 7 1 0 0 0 0 0 0 0 0 0 0 X 31 31 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X X STEPHEN MCKNIGHT - PRESIDENT & CEO 8149446113 3900 INDUSTRIAL PARK DRIVE ALTOONA PA 16602 X RON MCCONNEL CHAIRMAIN 3.00 X X 0 0 0 ANN BENZEL 1ST VICE CHAIR 3.00 X X 0 0 0 MARK RITCHEY 2ND VICE CHAIR 3.00 X X 0 0 0 MIKE SETTIMIO SECRETARY 3.00 X X 0 0 0 TROY CAMPBELL TREASURER 3.00 X X 0 0 0 JOSEPH SHEETZ ASSISTANT SECRETARY/TREASU 3.00 X X 0 0 0 DAN HOOVER ASSISTANT SECRETARY/TREASU 3.00 X X 0 0 0 PHILIP FREEMAN ASSISTANT SECRETARY/TREASU 3.00 X X 0 0 0 JOSH BAKER DIRECTOR 3.00 X 0 0 0 JOSH BARNHART DIRECTOR 3.00 X 0 0 0 BOB BILGER DIRECTOR 3.00 X 0 0 0 ANDREA COHEN DIRECTOR 3.00 X 0 0 0 MIKE CORSO DIRECTOR 3.00 X 0 0 0 DEREK COUGHENOUR DIRECTOR 3.00 X 0 0 0 RON DARBEAU DIRECTOR 3.00 X 0 0 0 BRUNO DEGOL III DIRECTOR 3.00 X 0 0 0 MICHAEL DELGROSSO DIRECTOR 3.00 X 0 0 0 JOE DIAMOND DIRECTOR 3.00 X 0 0 0 RICHARD FIORE JR DIRECTOR 3.00 X 0 0 0 NICHOLAS GATES DIRECTOR 3.00 X 0 0 0 BRAD HATCH DIRECTOR 3.00 X 0 0 0 JOHN HORELL DIRECTOR 3.00 X 0 0 0 BRIAN IRWIN DIRECTOR 3.00 X 0 0 0 JEFF LONG DIRECTOR 3.00 X 0 0 0 FRANK MONTECALVO DIRECTOR 3.00 X 0 0 0 MATT PACIFICO DIRECTOR 3.00 X 0 0 0 BO PRATT DIRECTOR 3.00 X 0 0 0 JOHN RUSSELL DIRECTOR 3.00 X 0 0 0 KIRSTEN STRATTON DIRECTOR 3.00 X 0 0 0 ADAM WARD DIRECTOR 3.00 X 0 0 0 NICOLE ZERNICK DIRECTOR 3.00 X 0 0 0 STEPHEN MCKNIGHT PRESIDENT & CEO 40.00 X 188500 0 0 TOM SEASOLTZ CHIEF FINANCIAL OFFICER 40.00 X 166500 0 0 MATTHEW FOX DIRECTOR OF BUSINESS EXPAN 40.00 X 135500 0 0 490500 0 0 3 0 1 0 0 2134185 184604 2318789 931378 931378 3774992 1567182 2207810 2207810 2207810 FEES & COST REIMBURSEMENT 525990 781300 781300 BED TAX 525990 256270 256270 GAIN (LOSS) ON SALE OF PROPERTY A 525990 204810 204810 33405 33405 1275785 6733762 4414973 0 0 1015484 537293 478191 25248 25248 52812 27943 24869 16974 16974 290568 290568 1814386 1814386 60886 32215 28671 PROJECT COSTS 1754744 1754744 DEVELOPMENT COSTS 869407 869407 PROFESSIONAL FEES 43864 23208 20656 MISCELLANEOUS 19817 19817 20935 13158 7777 5985125 5424961 560164 0 14580409 14021690 21461446 24386667 9551 8636 96210607 21454019 77457090 74756588 2416244 2733251 115924740 115906832 58452 74057 5171178 5589365 83404799 82164650 -8544417 -5558233 80090012 82269839 X 10369080 6019835 25465648 27617158 35834728 33636993 115924740 115906832 748637 -2946372 0 X 0 0 0 X 1671216 5960668 1326976 1066625 2318789 12344274 1671216 5960668 1326976 1066625 2318789 12344274 12344274 419349 458582 685790 906676 931378 3401775 15746049 0.78400 0.79790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7789884 7789884 88028921 21078783 66950138 391802 375236 16566 74756588 ACCRUED INTEREST -89056 INTEREST RATE SWAP AGREEMENT LIABILITY -5469177 -5558233 5354572 -2946372 1567182 -1379190 6733762 0 6733762 7552307 1567182 1567182 5985125 0 5985125 PART XI, LINE 2D - OTHER ADJUSTMENTS: THE AMOUNT LISTED IS RENTAL INCOME RELATED TO THE RENTAL EXPENSE 1,567,182. PART XII, LINE 2D - OTHER ADJUSTMENTS: THE AMOUNT LISTED IS RENTAL EXPENSE RELATED TO THE RENTAL INCOME 1,567,182. X X X 0 0 0 0 0 0 0 0 0 STEPHEN MCKNIGHT PRESIDENT & CEO 188500 0 0 0 0 0 0 0 0 0 188500 0 0 0 TOM SEASOLTZ CHIEF FINANCIAL OFFICER 166500 0 0 0 0 0 0 0 0 0 166500 0 0 0 PART I, LINE 3 ABCD CORPORATION'S COMPENSATION IS ESTABLISHED BY THE ADMINISTRATION AND FINANCE COMMITTEE. THE ORGANIZATION SUBSCRIBES TO A NATIONAL COMPENSATION PUBLICATION TO SET A BASELINE FOR ANNUAL SALARY. FORM 990, PART VI, SECTION A, LINE 6 ABCD CORP. IS A MEMBERSHIP ORGANIZATION CONSISTING OF TWO CLASSES: VOTING OR ACTIVE, AND NONVOTING OR ADVISORY. AN ACTIVE MEMBER IS A VOTING MEMBER OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A ABCD CORP.'S BOARD OF DIRECTORS CONSISTS OF ALL VOTING MEMBERS OF THE ORGANIZATION. ABCD CORP.'S NOMINATING/BYLAWS COMMITTEE IS RESPONSIBLE FOR THE RECRUITMENT OF QUALIFIED INDIVIDUALS TO SERVE ON ABCD CORP.'S BOARD. NOMINATIONS FOR BOARD MEMBERS ARE PRESENTED TO THE FULL BOARD FOR THEIR CONSIDERATION. THE FULL BOARD THEN CONDUCTS A FORMAL ELECTION VOTE TO CHOOSE BOARD MEMBERS FOR THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B THE GOVERNING BODY IS THE BOARD OF DIRECTORS. AS SUCH, ALL DECISIONS OF THE GOVERNING BODY ARE APPROVED BY THE VOTING MEMBERS (I.E. THE BOARD OF DIRECTORS) OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B COPIES OF THE 990 ARE GIVEN TO EACH MEMBER OF THE AUDIT COMMITTEE. THE AUDIT COMMITTEE REVIEWS AND ADOPTS THE 990. THE 990 IS THEN SENT TO THE ADMIN & FINANCE COMMITTEE WHO WILL THEN REVIEW AND ADOPT THE 990. THE 990 IS THEN GIVEN TO THE EXECUTIVE COMMITTEE WHO WILL THEN REVIEW AND RECOMMEND THE 990 BE APPROVED BY THE BOARD OF DIRECTORS. THE 990 IS THEN REVIEWED AND ADOPTED BY THE BOARD OF DIRECTORS AUTHORIZING THE PRESIDENT/CEO TO SIGN AND FILE THE 990. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, ABCD CORP. REQUIRES ALL BOARD MEMBERS TO COMPLETE AND SIGN ITS ESTABLISHED "CONFLICT OF INTEREST" POLICY. THE SIGNED DOCUMENTS ARE KEPT ON FILE AT ABCD CORP.'S OFFICES PER TERMS OF ABCD CORP.'S DOCUMENT RETENTION AND DESTRUCTION POLICY. FORM 990, PART VI, SECTION B, LINE 15 ABCD CORP.'S COMPENSATION POLICY IS ESTABLISHED USING THE FOLLOWING PARAMETERS: (1) MEETINGS WITH A PRIVATE PERSONAL/HUMAN RESOURCE CONSULTING FIRM WITH STAFF MEMBERS SPECIALIZING IN EMPLOYEE COMPENSATION AND BENEFITS, (2) A REVIEW OF AVAILABLE INDUSTRY SURVEYS FOR ECONOMIC DEVELOPMENT ORGANIZATIONS ON THE FEDERAL AND STATE LEVEL, (3) INFORMATION PROVIDED FROM MEMBERS OF ABCD CORP.'S ADMINISTRATION AND FINANCE COMMITTEE (INCLUDING DATA OBTAINED FROM THE WAGE AND BENEFIT ANALYSIS THEY HAVE COMPLETED FOR THEIR INDIVIDUAL ORGANIZATIONS). THE COMPENSATION POLICY ABCD CORP. FOLLOWS FOR ITS CEO IS USED TO ESTABLISH COMPENSATION GUIDELINES FOR ALL OF ABCD CORP.S EMPLOYEES; REGARDLESS OF THE THEIR POSITION WITHIN THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 ALTOONA-BLAIR COUNTY DEVELOPMENT CORPORATION MAKES ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.