Nonprofit · EIN 23-2351015
P G H DEVELOPMENT CORPORATION
Tax-exempt · PHILADELPHIA, PA 19104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,014,501 | $1,619,393 | -$604,892 | $7,782,453 | $238,806 | $7,543,647 |
| June 30, 2024 | 990 | $1,050,967 | $1,646,140 | -$595,173 | $8,011,190 | $426,013 | $7,585,177 |
| June 30, 2023 | 990 | $740,821 | $1,316,665 | -$575,844 | $8,283,281 | $145,553 | $8,137,728 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,010,704
- Investment income
- $0
- Other revenue
- $3,797
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $112,560
- Occupancy
- $43,070
- Depreciation
- $604,902
- Program services (functional)
- $604,902
- Management and general (functional)
- $1,014,491
Balance sheet and other
- Total assets, start of year
- $8,011,190
- Total assets, end of year
- $7,782,453
- Total liabilities, end of year
- $238,806
- Net assets, end of year
- $7,543,647
- Land, buildings and equipment
- $6,763,318
- Net assets without donor restrictions
- $7,543,647
- Gross receipts
- $1,014,501
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1985
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CRAIG CARNAROLI | PRESIDENT Trustee or director, Officer | 1 | $0 | $3,784,067 | $608,993 |
| DOUGLAS HOCK | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $2,318,915 | $70,377 |
| JEFFREY KAHN | FORMER TREASURER Former | 0 | $0 | $1,794,321 | $80,906 |
| LEE DOBKIN ESQ | FORMER SECRETARY Former | 0 | $0 | $1,006,256 | $61,595 |
| ANNE PAPAGEORGE | SECRETARY Trustee or director, Officer | 1 | $0 | $732,572 | $78,757 |
| DONALD MOORE | TREASURER Trustee or director, Officer | 1 | $0 | $641,139 | $32,017 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DOUGLAS HOCK | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $2,012,264 | $72,049 |
| CRAIG CARNAROLI | PRESIDENT Trustee or director, Officer | 1 | $0 | $1,215,237 | $399,165 |
| JEFFREY KAHN | FORMER TREASURER Former | 0 | $0 | $1,499,261 | $67,663 |
| LEE DOBKIN ESQ | FORMER SECRETARY Former | 0 | $0 | $936,343 | $56,523 |
| ANNE PAPAGEORGE | SECRETARY Trustee or director, Officer | 1 | $0 | $707,284 | $75,096 |
| DONALD MOORE | TREASURER Trustee or director, Officer | 1 | $0 | $671,441 | $26,028 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CRAIG CARNAROLI | PRESIDENT Trustee or director, Officer | 1 | $0 | $2,388,093 | $417,478 |
| DOUGLAS HOCK | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $1,963,004 | $67,020 |
| JEFFREY KAHN | FORMER TREASURER Former | 0 | $0 | $1,400,069 | $63,102 |
| LEE DOBKIN ESQ | FORMER SECRETARY Former | 0 | $0 | $936,652 | $48,877 |
| ANNE PAPAGEORGE | SECRETARY Trustee or director, Officer | 1 | $0 | $758,705 | $67,699 |
| DONALD MOORE | TREASURER Trustee or director, Officer | 1 | $0 | $605,579 | $25,052 |
Address and contacts
- Address (IRS master file)
- 426 CURIE BLVD, PHILADELPHIA, PA 19104-4873
- In care of
- % FORVIS MAZARS
- Principal officer (990 for 2024)
- CRAIG CARNAROLI, 426 CURIE BLVD, PHILADELPHIA, PA 19104
- Signed the 990
- DOUGLAS HOCK, VICE PRESIDENT
- Phone
- (215) 590-1000
- Return prepared by
- PWC US TAX LLP
Mission
SEE SCHEDULE O
Program accomplishments
- PGH DEVELOPMENT CORPORATION (PGHDC) IS A PENNSYLVANIA NON PROFIT CORPORATION THAT SUPPORTS THE HEALTH AND EDUCATIONAL ACTIVITIES OF THE UNIVERSITY OF PENNSYLVANIA AND THE CHILDREN'S HOSPITAL OF PHILADELPHIA. PGHDC PROVIDES SUPPORT TO THESE ACTIVITIES BY DEVELOPING, MAINTAINING AND IMPROVING ACCESS, PARKING, OPEN AREAS AND FACILITIES UTILIZED IN COMMON BY THESE ORGANIZATIONS.Expenses $604,902 · revenue $1,014,501
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-2351015
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1989
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E11)
- Assets (IRS master file)
- $7,782,453
- Income (IRS master file)
- $1,014,501
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,014,501 | $1,619,393 | $7,782,453 | IRS |
| 990 | June 2024 | $1,050,967 | $1,646,140 | $8,011,190 | IRS |
| 990 | June 2023 | $740,821 | $1,316,665 | $8,283,281 | XML |
| 990 | June 2022 | $905,518 | $1,461,807 | $8,745,713 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-2351015).
Questions about P G H DEVELOPMENT CORPORATION
- What is the EIN of P G H DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of P G H DEVELOPMENT CORPORATION is 23-2351015.
- Is P G H DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to P G H DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does P G H DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of P G H DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did P G H DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of P G H DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names CRAIG CARNAROLI.
- Who are the officers and directors of P G H DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does P G H DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,014,501, expenses of $1,619,393 and total assets of $7,782,453 at year end.
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