Nonprofit · EIN 23-2805925
EAST FALLS DEVELOPMENT CORPORATION
Tax-exempt · PHILA, PA 19129
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $251,481 | $251,248 | $233 | $503,217 | $28,356 | $474,861 |
| December 31, 2023 | 990 | $271,935 | $265,146 | $6,789 | $494,172 | $19,544 | $474,628 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $164,686
- of which government grants
- $47,753
- Program service revenue
- $52,270
- Investment income
- $10,967
- Net income from fundraising events
- $23,558
- Other revenue
- $23,558
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $77,499
- Other salaries and wages
- $27,293
- Salaries, compensation and benefits (total)
- $118,167
- Professional fundraising fees
- $0
- Accounting fees
- $9,842
- Occupancy
- $12,525
- Travel
- $280
- Depreciation
- $473
- Program services (functional)
- $227,192
- Management and general (functional)
- $16,252
- Fundraising (functional)
- $7,804
Balance sheet and other
- Total assets, start of year
- $494,172
- Total assets, end of year
- $503,217
- Total liabilities, end of year
- $28,356
- Net assets, end of year
- $474,861
- Land, buildings and equipment
- $3,457
- Net assets without donor restrictions
- $389,861
- Net assets with donor restrictions
- $85,000
- Gross receipts
- $265,924
- Employees
- 4
- Volunteers
- 50
- Year formed
- 1995
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michelle Feldman | Exec Director Key employee, Highest-paid employee | 40 | $77,449 |
| John Hawkins | Board Chair Trustee or director, Officer | 5 | $0 |
| Kevin Duffy | Treasurer Trustee or director, Officer | 2 | $0 |
| Marvina Furlow | Member Trustee or director | 2 | $0 |
| John Grady | Member Trustee or director | 2 | $0 |
| Mike Stanton | Member Trustee or director | 2 | $0 |
| Douglas Grom | Member Trustee or director | 2 | $0 |
| Felicite Moorman | Member Trustee or director | 2 | $0 |
| Ina Thomas | Member Trustee or director | 2 | $0 |
| Jeff Cromarty | Member Trustee or director | 2 | $0 |
| George Callicut | Member Trustee or director | 2 | $0 |
| Ben White | Member Trustee or director | 2 | $0 |
| Paul Barrett | Member Trustee or director | 2 | $0 |
| Melissa Grimm | Member Trustee or director | 2 | $0 |
| Emily Nichols | Member Trustee or director | 2 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Aaron Bell | Member Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michelle Feldman | Exec Director Key employee, Highest-paid employee | 40 | $75,089 |
| John Hawkins | Board Chair Trustee or director, Officer | 5 | $0 |
| Kevin Duffy | Treasurer Trustee or director, Officer | 2 | $0 |
| Marvina Furlow | Member Trustee or director | 2 | $0 |
| John Grady | Member Trustee or director | 2 | $0 |
| Mike Stanton | Member Trustee or director | 2 | $0 |
| Ronan Gill | Member Trustee or director | 2 | $0 |
| Douglas Grom | Member Trustee or director | 2 | $0 |
| Felicite Moorman | Member Trustee or director | 2 | $0 |
| Ina Thomas | Member Trustee or director | 2 | $0 |
| Jeff Cromarty | Member Trustee or director | 2 | $0 |
| Andra Anusionwu | Member Trustee or director | 2 | $0 |
| George Callicut | Member Trustee or director | 2 | $0 |
| Ben White | Member Trustee or director | 2 | $0 |
| Paul Barrett | Member Trustee or director | 2 | $0 |
| Melissa Grimm | Member Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 4265 KELLY DR, PHILA, PA 19129-1722
- Principal officer (990 for 2024)
- Kevin Duffy, 4265 Kelly Drive, Philadelphia, PA 19129
- Signed the 990
- Kevin Duffy, Treasurer
- Phone
- (215) 848-8084
- Website
- discovereastfalls.org
- Return prepared by
- Katherine R Conlon CPA
Mission
The East Falls Development Corporation is a not-for-profit entity dedicated to community-based economic development for the benefit of East Falls. We work to create a community that capitalizes on its assets-a strategic location between Center City Philadelphia and
Program accomplishments
- To promote the health, safety and welfare of the residents, businesses and institutions of the East Falls section of Philadelphia.Expenses $227,192 · revenue $52,270
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-2805925
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $503,217
- Income (IRS master file)
- $265,924
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $251,481 | $251,248 | $503,217 | XML |
| 990 | December 2023 | $271,935 | $265,146 | $494,172 | XML |
| 990 | December 2022 | $243,070 | $201,190 | $490,372 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | 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 23-2805925).
Questions about EAST FALLS DEVELOPMENT CORPORATION
- What is the EIN of EAST FALLS DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of EAST FALLS DEVELOPMENT CORPORATION is 23-2805925.
- Is EAST FALLS DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to EAST FALLS DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EAST FALLS 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 EAST FALLS DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EAST FALLS DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of EAST FALLS DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names Kevin Duffy.
- Who are the officers and directors of EAST FALLS DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 16 people; 1 received compensation from the organization, the highest $77,449 (Michelle Feldman, Exec Director).
- How much revenue does EAST FALLS DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $251,481, expenses of $251,248 and total assets of $503,217 at year end.
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All nonprofits in PHILA · Pennsylvania · Community improvement and capacity building