Nonprofit · EIN 23-6050858
PHILADELPHIA INDUSTRIAL DEVELOPMENT CORP
Tax-exempt · PHILADELPHIA, PA 19102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $28,875,003 | $24,193,211 | $4,681,792 | $64,901,333 | $42,361,415 | $22,539,918 |
| December 31, 2023 | 990 | $20,971,900 | $21,088,394 | -$116,494 | $39,947,016 | $24,352,320 | $15,594,696 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $13,901,096
- of which government grants
- $4,000,000
- Program service revenue
- $14,544,587
- Investment income
- $429,320
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,302,551
- Compensation of officers, directors and key employees
- $2,826,001
- Other salaries and wages
- $6,362,058
- Salaries, compensation and benefits (total)
- $9,188,059
- Professional fundraising fees
- $0
- Legal fees
- $1,067,951
- Accounting fees
- $688,435
- Occupancy
- $502,452
- Depreciation
- $1,122,627
- Program services (functional)
- $18,076,191
- Management and general (functional)
- $6,117,020
Balance sheet and other
- Total assets, start of year
- $39,947,016
- Total assets, end of year
- $64,901,333
- Total liabilities, end of year
- $42,361,415
- Net assets, end of year
- $22,539,918
- Land, buildings and equipment
- $1,399,522
- Net assets without donor restrictions
- $22,539,918
- Gross receipts
- $28,875,003
- Employees
- 48
- Volunteers
- 30
- Year formed
- 1957
- 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 | Other / benefits |
|---|---|---|---|---|
| JODIE HARRIS | PRESIDENT Officer | 24.5 | $341,169 | $42,010 |
| SAMUEL RHOADS | EXECUTIVE VICE PRESIDENT Officer | 24.5 | $290,738 | $53,376 |
| KATHLEEN MCNAMARA | SENIOR VICE PRESIDENT Officer | 33.5 | $226,899 | $73,165 |
| ILENE BURAK | EXECUTIVE VICE PRESIDENT Officer | 33.5 | $224,271 | $72,708 |
| THOMAS J DALFO | SENIOR VICE PRESIDENT Officer | 33.5 | $210,933 | $71,956 |
| MARQUIS T UPSHUR | SENIOR VICE PRESIDENT Officer | 37.5 | $195,998 | $58,538 |
| MARLA HAMILTON | SENIOR VICE PRESIDENT Officer | 37.5 | $209,266 | $33,175 |
| LAWRENCE MCCOMIE | SENIOR VICE PRESIDENT Officer | 24.5 | $217,906 | $13,214 |
| JENNIFER LUCAS CROWTHER | SENIOR VICE PRESIDENT Officer | 14.5 | $161,188 | $68,899 |
| SHAYNE MOORE | SENIOR VICE PRESIDENT Officer | 33.5 | $207,715 | $13,033 |
| CHRISTOPHER CHAPLIN | VICE PRESIDENT Highest-paid employee | 33.5 | $156,880 | $56,012 |
| KEVIN LESSARD | VICE PRESIDENT Highest-paid employee | 37.5 | $178,724 | $30,351 |
| ANYA MORRISON DAVIS | VICE PRESIDENT Highest-paid employee | 33.5 | $138,140 | $67,936 |
| HEATHER HANOWITZ | VICE PRESIDENT Highest-paid employee | 24.5 | $159,308 | $29,673 |
| SCOTT DEVER | VICE PRESIDENT Highest-paid employee | 37.5 | $161,428 | $8,087 |
32 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AMY C LEICHNER | EVP & CFO (START 9/25) Officer | 20.5 | $54,743 | $5,101 |
| SALVATORE J PATTI | CHAIR Trustee or director, Officer | 0.2 | $0 | $0 |
| ANDREA ALLON | VICE-CHAIR (THRU 6/24) Trustee or director, Officer | 0.2 | $0 | $0 |
| KEVIN R BOYLE | SECRETARY Trustee or director, Officer | 0.2 | $0 | $0 |
| MIGUEL ALBAN | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| HONORABLE CINDY BASS | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| EMILY BITTENBENDER | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| ANNE BROOKS | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| CHELLIE CAMERON | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| CRAIG CARNAROLI | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| DOMINIQUE CASIMIR | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| FRED COSENZA | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| HONORABLE MICHAEL DRISCOLL | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| ROB DUBOW | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| RENEE GARCIA ESQ | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JAY GOLDSTEIN | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JOVAN GOLDSTEIN | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| LEE HUANG | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| LEROY JONES | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| BRIAN KEECH | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| JESSIE LAWRENCE | DIRECTOR (THRU 10/24) Trustee or director | 0.05 | $0 | $0 |
| SUN LEE | DIRECTOR (THRU 10/24) Trustee or director | 0.05 | $0 | $0 |
| JUAN LOPEZ | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| ALBA MARTINEZ | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| SUZANNE S MAYES ESQ | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JOHN MONDLAK | DIRECTOR (THRU 10/24) Trustee or director | 0.05 | $0 | $0 |
| DOUGLAS OLIVER | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| HONORABLE CHERELLE PARKER | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| BRET PERKINS | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| ANGELO PERRYMAN | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| THOMAS AK QUEENAN | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| ADAM THIEL | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
990 for the year ended December 31, 2023: 47 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SAM RHOADS | EXECUTIVE VICE PRESIDENT Officer | 24.5 | $279,745 | $57,124 |
| TIFFANY CANADY | SVP - CFO Officer | 20.5 | $237,312 | $60,854 |
| ILENE BURAK | SVP AND GENERAL COUNSEL Officer | 33.5 | $217,026 | $71,701 |
| KATHLEEN MCNAMARA | EVP - THE NAVY YARD Officer | 33.5 | $213,560 | $71,518 |
| THOMAS DALFO | SVP - REAL ESTATE SERVICES Officer | 33.5 | $203,809 | $70,632 |
| MARQUIS UPSHUR | SVP - HUMAN RESOURCES Officer | 37.5 | $195,890 | $58,503 |
| MARLA HAMILTON | SVP - CLIENT ENGAGEMENT Officer | 37.5 | $205,850 | $32,818 |
| SHAYNE MOORE | SVP - INFORMATION TECHNOLGY Officer | 33.5 | $212,382 | $13,896 |
| CHRISTOPHER CHAPLIN | VP - PORTFOLIO MANAGEMENT Highest-paid employee | 33.5 | $156,227 | $67,852 |
| NICOLE HENNESSY | VP - CONTROLLER Highest-paid employee | 37.5 | $152,212 | $67,770 |
| JENNIFER LUCAS CROWTHER | SVP- CAPITALIZATION & IMPACT Officer | 24.5 | $152,110 | $67,481 |
| LAWRENCE MCCOMIE | SVP AND CHIEF CREDIT OFFICER Officer | 24.5 | $202,038 | $13,105 |
| JODIE HARRIS | PRESIDENT (START 06/2023) Officer | 24.5 | $188,040 | $22,126 |
| ANYA DAVIS | VP AND ASST GENERAL COUNSEL Highest-paid employee | 33.5 | $135,674 | $67,100 |
| KEVIN LESSARD | VP, MARKETING & COMMUNICATIONS Highest-paid employee | 37.5 | $147,110 | $26,625 |
| ANGIE FREDRICKSON | VP, REAL ESTATE Highest-paid employee | 37.5 | $144,959 | $8,175 |
| ANNE NEVINS | PRESIDENT (THRU 01/2023) Officer | 30 | $83,676 | $1,712 |
| SALVATORE J PATTI | CHAIR Trustee or director, Officer | 0.2 | $0 | $0 |
| ANDREA ALLON | VICE-CHAIR Trustee or director, Officer | 0.2 | $0 | $0 |
| KEVIN R BOYLE | SECRETARY Trustee or director, Officer | 0.2 | $0 | $0 |
| MIGUEL ALBAN | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| TUMAR ALEXANDER | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| EMILY BITTENBENDER | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| CRAIG R CARNAROLI | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| DOMINIQUE CASIMIR | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| DIANA P CORTES ESQ | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| FRED COSENZA | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| HONORABLE CURTIS JONES JR | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| HONORABLE DARRELL L CLARKE | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| ROB DUBOW | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| ANNE FADULLON | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| REGINALD C FULLER III | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| JAY GOLDSTEIN | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JOVAN GOLDSTEIN | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| LEE HUANG | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| HONORABLE JAMES F KENNEY | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| LEROY E JONES | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| BRIAN T KEECH | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| HONORABLE KENYATTA JOHNSON | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JUAN LOPEZ | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| SUZANNE S MAYES ESQ | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| ELIZABETH A MURPHY | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| ANNE K NADOL | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| BRET PERKINS | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| ANGELO PERRYMAN | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| THOMAS AK QUEENAN | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
| WILLIAM R SAUTTER | DIRECTOR Trustee or director | 0.05 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1500 MARKET ST, PHILADELPHIA, PA 19102-2100
- In care of
- % TIFFANY CANADY
- Principal officer (990 for 2024)
- JODIE HARRIS, 1500 MARKET STREET 3500W, PHILADELPHIA, PA 19102
- Signed the 990
- AMY C LEICHNER, EVP & CFO
- Phone
- (215) 496-8020
- Website
- WWW.PIDCPHILA.COM
- Return prepared by
- GRANT THORNTON ADVISORS LLC
Mission
SEE SCHEDULE O
Program accomplishments
- SUPPORT GROWTH & RESILIENCE OF BUSINESSES AND DEVELOPERS (ECONOMIC DEVELOPMENT)SEE SCHEDULE OPIDC AND ITS AFFILIATES (PIDC COMMUNITY CAPITAL, PIDC FINANCING CORPORATION, PIDC LOCAL DEVELOPMENT CORPORATION, PIDC DEVELOPMENT MANAGEMENT CORPORATION AND PIDC PENNVENTURE FUND) PROVIDE CAPITAL WHERE TRADITIONAL FINANCING IS DIFFICULT TO ACCESS OR NOT ABLE TO MEET AN OWNER'S NEEDS. PIDC INVESTS FLEXIBLE, AFFORDABLE CAPITAL IN GROWING LOCAL BUSINESSESTHE BACKBONE OF OUR ECONOMYBECAUSE THEYCREATE JOBS, BUILD WEALTH FOR ENTREPRENEURS, AND STABILIZENEIGHBORHOODS. PIDC ALSO SUPPORTS DEVELOPERS IN FINANCINGCOMMUNITY-ORIENTED PROJECTS. THROUGH A VARIETY OF FUNDING RESOURCES,EDUCATIONAL PROGRAMS, AND ONE-ON-ONE TECHNICAL SUPPORT, PIDC FILLSCRITICAL GAPS FOR BUSINESS OWNERS AND NONPROFIT LEADERS WHO LACK ACCESSTO TRADITIONAL CAPITAL. IN ADDITION, PIDC & ITS AFFILIATES SUPPORT DEVELOPERS PRODUCING TRANSFORMATIVE PROJECTS THAT HAVE A POSITIVE, LASTING IMPACT ACROSS THECITY PROVIDING JOBS, SERVICES, AND AMENITIES. IN 2024, PIDC ORIGINATED $72.4 MILLION IN NEW LOANS TO 69 SMALL AND MID-SIZED BUSINESSES, NONPROFITS, AND DEVELOPERS THROUGH CATALYTIC PROJECTS IN NEIGHBORHOODS IN PHILADELPHIA. $13.8 MILLION WAS INVESTED IN SMALL BUSINESSES. $26.1 MILLION WAS INVESTED IN COMMERCIAL REAL ESTATE BUSINESSES AND 32.5 MILLION WAS INVESTED IN NEW MARKETS TAX CREDITS. 85% OF ALL PIDC CORE LENDING WENT TO DIVERSE/MINORITY BUSINESS ENTERPRISES. PIDC ALLOCATED $32.5M OF NEW MARKET TAX CREDITS TO FOUR HIGH-IMPACTPROJECTS IN PHILADELPHIA. THE NMTC PROGRAM IS A US TREASURY PROGRAMWHICH UTILIZES FEDERAL TAX CREDITS TO ATTRACT PRIVATE INVESTMENT INLOW-INCOME COMMUNITIES. THESE PROJECTS CREATE QUALITY JOBS, PROVIDEESSENTIAL GOODS AND SERVICES, AND STIMULATE ADDITIONAL INVESTMENT INOUR NEIGHBORHOODS. PIDC HAS WON OVER $473 MILLION IN NMTC ALLOCATIONBETWEEN 2007 AND 2024 AND DEPLOYED $412.5 MILLION IN TAX CREDITALLOCATION SINCE 2007. THESE PROJECTS HAVE CREATED OVER 5,300 JOBS, PROVIDED ESSENTIAL GOODS AND SERVICES , AND HAVE STIMULATED AN ADDITIONAL $1.2 BILLION INVESTMENT IN OUR NEIGHBORHOODS. IN 2024, WE CONTINUED OUR BUSINESS SUPPORT SERVICES EDUCATIONALWORKSHOPS, ONE-ON-ONE COUNSELING, CREDIT REPAIR, AND NETWORKING EVENTSDESIGNED TO SUPPORT BUSINESS GROWTH AND CONNECT PHILADELPHIA'S SMALL BUSINESSCOMMUNITY TO TRUSTED KNOWLEDGE AND RESOURCES VIA WORKSHOPS.PIDC BUSINESS BUILDER WORKSHOPS ARE YEAR-ROUND WORKSHOPS WHICH PROVIDECRITICAL BUSINESS EDUCATION TO ENTREPRENEURS AND ORGANIZATIONS FROMEVERY INDUSTRY. PIDC HOSTED 29 WORKSHOPS WITH MORE THAN 700 HOURSDEDICATED TO COACHING AND CONSULTING SUPPORT FOR PIDC CLIENTS. TOPICS INCLUDED DEBT MANAGEMENT, PROJECT OVERSIGHT, BUYING AND FINANCING COMMERCIAL REAL ESTATE, FEDERAL GOVERNMENT CONTRACTING, AND BUSINESS EDUCATIONAND MENTORING PROGRAMS.OF THE HOSTED 29 WORKSHOPS, SIXTEEN (16) WERE HELD IN SPANISH WHEREBY PIDCCONTINUED A SERIES OF SPANISH-LANGUAGE WORKSHOPS, AS STARTED IN 2022,AS A PART OF PIDC'S STRATEGY TO BETTER SERVE SPANISH-SPEAKINGENTREPRENEURS, ONE OF THE FASTEST GROWING BUSINESS GROUPS INPHILADELPHIA. THE SERIES IS PART OF PIDC'S BUSINESS BUILDER WORKSHOPS.TOPICS IN THE SERIES INCLUDED MENTAL HEALTH, BUILDING CREDIT, CITYRESOURCES, BUYING AND FINANCING COMMERCIAL REAL ESTATE, LEADERSHIP, AND MORE.Expenses $18,076,191 · grants $2,302,551 · revenue $3,325,648
- INVEST IN HIGH IMPACT REVITALIZATION (CONTRACT MANAGEMENT)SEE SCHEDULE OIN2024, PIDC ADMINISTERED 186 GRANTS TOTALING $163.5 MILLION FOR PROJECTS ONBEHALF OF THE COMMONWEALTH OF PENNSYLVANIA, CITY OF PHILADELPHIA, ANDTHE PHILADELPHIA WATER DEPARTMENT. A GRANT FUNDED BY THE PA OFFICE OFTHE BUDGET FOR THE ACQUISITION AND CONSTRUCTION OF ECONOMICDEVELOPMENT, CULTURAL, CIVIC, RECREATIONAL, AND HISTORICAL IMPROVEMENTPROJECTS: WELCOME CENTER AT FDR PARK SOUTH PHILADELPHIATHROUGH THE REDEVELOPMENT ASSISTANCE CAPITAL PROGRAM (RACP) PROGRAM, PIDC HELPED ADMINISTER FUNDING FOR THE WELCOME CENTER AT FDR PARK, ENHANCING ONE OF PHILADELPHIA'S MOST BELOVED PUBLIC SPACES. THIS PROJECT TRANSFORMS HISTORIC STRUCTURES INTO A DYNAMIC HUB FOR VISITORS, PROVIDING ESSENTIAL AMENITIES, COMMUNITY GATHERING SPACES AND A CAF TO SUPPORT PARK PROGRAMMING AND OPERATIONS. BY CREATING A DEDICATED SPACE FOR LOCAL ORGANIZATIONS, IMPROVING VISITOR SERVICES, AND ACTIVATING NEW REVENUE STREAMS, THE WELCOME CENTER STRENGTHENS FDR PARK AS A VIBRANT DESTINATION FOR RECREATION AND CULTURAL ENGAGEMENT. THE PROJECT SUPPORTS 75 CONSTRUCTION JOBS AND 30 PERMANENT POSITIONS, ENSURING LONG-TERM ECONOMIC AND COMMUNITY BENEFITS WHILE PRESERVING THE PARK'S HISTORIC CHARACTER. INVESTING IN PUBLIC WORKS AND COMMUNITY DEVELOPMENT ACROSS THE CITY:THROUGH LOCAL SHARE ACCOUNT (LSA), A STATEWIDE PROGRAM FUNDED BY THE PA DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT (DCED) THAT PROVIDES FPR THE DISTRIBUTION OF GAMING REVENUES THROUGH THE COMMONWEALTH FINANCING AUTHORITY (CFA) TO SUPPORT PA PROJECTS IN THE PUBLIC INTEREST: URBAN YOUTH RACING-SPRING GARDEN. THROUGH THE LSA-STATEWIDE PROGRAM, PIDC HELPED ADMINISTER FUNDING FOR A PROJET THAT WILL ALLOW FOR THE PURCHASE AND OUTFITTING OF A MOBILE STEM TRUCK DESIGNED TO ENGAGE URBAN YOUTHG RACING STUDENTS IN INQUIRY-BASED LEARNING, HANDS-ON INSTRUCTION, AND PROJECT-BASED ACTIVITIES. THE TRUCK WILL FACILITATE EXPERIENTIAL LEARNING OPPORTUNITIES, ALLOWING STUDENTS TO UNDERSTAND AND APPLY THEORETICAL STEM CONCEPTS IN REAL-WORLD SCENARIOS. THROUGH INTERACTIVE LESSONS AND ACTIVITIES, STUDENS WILL EXPLORE SCIENCE, TECHOLOGY, ENGINEERING, AND MATHEMATICS IN A DYNAMIC AND MOBILE LEARNING ENVIRONMENT. STORMWATER MANAGEMENT INCENTIVES PROGRAM (SMIP) - A PARTNERSHIP WITH PIDC AND THE PHILADELPHIA WATER DEPARTMENT, THAT PLAYS A CRITICAL ROLE IN IMPROVING THE CITY'S ENVIRONMENT BY FUNDING THE DESIGN AND CONSTRUCTION OF STORMWATER RETROFIT PROJECTS ACROSS COMMERCIAL, INDUSTRIAL, MULTIFAMILY, AND INSTITUTIONAL PROPERTIES, SMIP HELPS REDUCE POLLUTION, MITIGATE FLOODING, AND PROTECT WATER QUAILITY: PROJECT 1240 E. ERIE AVENUE-JUANITA- ONE OF THE STANDOUT INITIATIVES UNDER SMIP IS THE STORMWATER RETROFIT AT 1240 E. ERIE AVENUE. THIS PROJECT WILL FEATURE A SUBSURFACE STORMWATER BASIN DESIGNED TO TREAT STORMWATER RUNOFF FROM IMPERVIOUS SURFACES. BY REDUCING FLOW TO THE COMBINED SEWER SYSTEMS, THIS PROJECT DIRECTLY CONTRIBUTES TO DECREASING POLLUTION DISCHARGED INTO RIVERS DURING RAIN EVENTS, FOSTERING CLEANER WATERWAYS FOR FUTURE GENERATIONS.revenue $6,303,615
- CATALYZE OPPORTUNITIES FOR INCLUSIVE GROWTHSEE SCHEDULE OCATALYZE OPPORTUNITIES FOR INCLUSIVE GROWTH (FORMERLY PROPERTYMANAGEMENT): PIDC SEEKS TO TRANSITION UNDERUTILIZED ASSETS INTOPRODUCTIVE USE BRINGS NEW LIFE TO MAJOR AREAS OF THE CITY INTRANSITION, CREATES JOBS, AND DEVELOPS THE NEXT GENERATION OFJOB-CREATING REAL ESTATE. WHILE LAND SALES WERE LIMITED THIS YEAR, ITWAS AN ACTIVE YEAR FOR COMMERCIAL AND INDUSTRIAL LAND SALES AS PIDCCONTINUED TO POSITION LAND FOR DEVELOPMENT AT THE NAVY YARD AND ON THELOWER SCHUYLKILL RIVER, WITH ACTIVITY RAMPING UP OVER THE NEXT FEWYEARS.OVER THE LAST DECADE PIDC HAS WORKED TO ASSEMBLE AND REMEDIATE 60 ACRESOF CONTAMINATED INDUSTRIAL LAND ALONG THE WESTERN BANK OF THESCHUYLKILL RIVER IN SOUTHWEST PHILADELPHIA. A TOTAL OF 20 ACRES HAVEBEEN GIVEN TO THE CITY FOR PUBLIC OPEN SPACE AND EXTENSIONS OF THESCHUYLKILL RIVER TRAIL. FOR THE REMAINING TWO SITES TOTALING 40 ACRES,WHICH ARE KNOWN AS BARTRAM'S NORTH AND SOUTH DUE TO THEIR LOCATIONADJACENT TO HISTORIC BARTRAM'S GARDEN, PIDC REMAINS COMMITTED TO TRANSFORMING 40 RIVERFRONT ACRES ALONG THE LOWER SCHUYLKILL RIVER INTO A WORLD-CLASS URBAN CAMPUS FOR MODERN MANUFACTURING, SUPPORTING UP TO ONE MILLION SQUARE FEET A DEVELOPMENT PROJECT MARKETED AS THE LOWER SCHUYLKILL INNOVATION CAMPUS (FORMERLY LOWER SCHUYLKILL BIOTECH CAMPUS). DESPITE SHIFTING ECONOMIC CONDITIONS AND CAPITAL MARKET TRENDS, PIDC CONTINUTES TO WORK ON PREPARING THE SITE FOR FUTURE DEVELOPMENT, ENSURING IT IS SHOVEL-READY BY CONTINUING LAND REMEDIATION, ENHANCING INFRASTRUCTURE, AND IMPROVING CONNECTIVITY WITH NEARBY COMMUNITIES. FUTURE PLANS WILL CONSIDER ADDITIONAL INNOVATIVE ADVANCED MANUFACTURING USES WHILE PRIORITIZING JOB CREATION ACCESSIBLE TO SOUTHWEST PHILADELPHIA RESIDENTS, PARTICULARLY THOSE WITHOUT COLLEGE DEGREES. AT THE NAVY YARD, 2024 PIDC AND DEVELOPER PARTNERS ENSEMBLE/MOSAICCONTINUED TO IMPLEMENT THE UPDATED NAVY YARD PLAN RELEASED IN SUMMER2022. DURING 2024 NEW BUILDINGS, NEW BUSINESSES, AND NEW HIGH-QUALITY JOBS FOR PHILADELPHIANS WERE DELIVERED BY PIDC AND OUR DEVELOPMENT PARTNERS AT ENSEMBLE /MOSAIC. NAVY YARD'S SUCCESSFUL TRANSITION INTO ONE OF THE CITY'S STRONGEST ECONOMIC HUBS WITH 150 BUSINESSES AND OVER 16,500 EMPLOYEES, SETTING FORTH AN ACHIEVABLE VISION FOR DOUBLING EMPLOYMENT OVER THE NEXT 20 YEARS, DELIVERING $6 BILLION OF NEW INVESTMENT AND DEVELOPMENT TO THE CITY, AND CREATING PHILADELPHIA'S NEWEST WATERFRONT NEIGHBORHOOD WITH MIXED-INCOME RESIDENTIAL OPPORTUNITIES AND HIGH-QUALITY PUBLIC SPACES. THE NAVY YARD CONTINUES TO ATTRACT TOP BUSINESSES, WELCOMING BIOTECH FIRM BIOMERIEUX AND ITS $125 MILLION MOLECULAR AND GENOMIC INNOVATION CENTER IN 2024. ALSO, IOVANCE, ADAPTIMMUNE, AND WUXI APPTEC SECURED FDA APPROVALS FOR THE DELIVERY OF GROUNDBREAKING CANCER THERAPIES IN 2024, REINFORCING THE NAVY YARD'S POSITION AS A NATIONAL LEADER IN ADVANCED LIFE SCIENCES. AXALTA ESTABLISHED ITS GLOBAL HEADQUARTERS AT ITS NAVY YARD INNOVATION CENTER, AND SMALL BUSINESSES THRIVED, WITH EHS TECHNOLOGIES LANDING A $73.3 MILLION CONTRACT WITH THE DEPARTMENT OF DEFENSE THAT WILL ALLOW THEM TO CREATE MORE JOBS AND EXPAND OFFICE SPACE.revenue $4,915,324
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
- 23-6050858
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $64,901,333
- Income (IRS master file)
- $28,875,003
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $28,875,003 | $24,193,211 | $64,901,333 | XML |
| 990 | December 2023 | $20,971,900 | $21,088,394 | $39,947,016 | XML |
| 990 | December 2022 | $17,764,244 | $17,955,296 | $41,210,831 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 23-6050858).
Questions about PHILADELPHIA INDUSTRIAL DEVELOPMENT CORP
- What is the EIN of PHILADELPHIA INDUSTRIAL DEVELOPMENT CORP?
- The employer identification number (EIN) of PHILADELPHIA INDUSTRIAL DEVELOPMENT CORP is 23-6050858.
- Is PHILADELPHIA INDUSTRIAL DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2010.
- Are donations to PHILADELPHIA INDUSTRIAL DEVELOPMENT CORP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PHILADELPHIA INDUSTRIAL DEVELOPMENT CORP 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 PHILADELPHIA INDUSTRIAL DEVELOPMENT CORP 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 PHILADELPHIA INDUSTRIAL DEVELOPMENT CORP 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 PHILADELPHIA INDUSTRIAL DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2024 names JODIE HARRIS.
- Who are the officers and directors of PHILADELPHIA INDUSTRIAL DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2024 lists 47 people; 16 received compensation from the organization, the highest $341,169 (JODIE HARRIS, PRESIDENT).
- How much revenue does PHILADELPHIA INDUSTRIAL DEVELOPMENT CORP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $28,875,003, expenses of $24,193,211 and total assets of $64,901,333 at year end.
Other nonprofits in PHILADELPHIA
- REINVESTMENT FUND INC EIN 23-2331946 · last filed 990 for 2024
- PIDC COMMUNITY CAPITAL EIN 23-2889102 · last filed 990 for 2024
- PHILADELPHIA CITY FUND INC EIN 23-2174863 · last filed 990 for 2025
- GREATER PHILADELPHIA TOURISM MARKETING CORPORATION EIN 23-2847538 · last filed 990 for 2025
- PENNSYLVANIA MICROENTERPRISE COALITION EIN 23-2920364 · last filed 990 for 2025
- DELAWARE RIVER WATERFRONT CORPORATION EIN 23-1734559 · last filed 990 for 2025
- BEN FRANKLIN TECHNOLOGY CENTER OF SOUTHEASTERN PENNSYLVANIA EIN 23-2527210 · last filed 990 for 2025
- PHILADELPHIA VISITOR CENTER CORPORATION EIN 23-2952488 · last filed 990 for 2025
All nonprofits in PHILADELPHIA · Pennsylvania · Community improvement and capacity building