Skip to content
Nonprofiteer
← JOHNSTOWN INDUSTRIAL DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by JOHNSTOWN INDUSTRIAL DEVELOPMENT CORPORATION.

Totals

Total revenue
$2,296,067
Total expenses
$2,501,999
Contributions and grants received
$2,079,568
Grants paid
$2,000,001
Program service revenue
$222,364
Investment income
-$8,175
Other revenue
$2,310
Total assets, end of year
$5,457,862
Total liabilities, end of year
$2,371,740
Net assets or fund balances, end of year
$3,086,122
Program services expenses (Part IX)
$2,394,657
Management and general expenses
$107,342
Fundraising expenses
$0
Program service expenses (Part III)
$2,394,657

Program services were 95.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $2,079,568

  • 2a · Program service revenue: RENTAL INCOME

    total $92,361 · related or exempt $92,361

  • 2b · Program service revenue: JARI CENTER LEASES

    total $81,933 · related or exempt $81,933

  • 2c · Program service revenue: FEE FOR SERVICES

    total $48,070 · related or exempt $48,070

  • 3 · Investment income

    total $475 · excluded $475

  • 7a · Gross sales of assets other than inventory

    securities $135,000

  • 7b · Less cost or other basis and sales expenses

    securities $143,650

  • 7c · Gain or loss

    securities -$8,650

  • 7d · Net gain or loss

    total -$8,650 · related or exempt -$8,650

  • 11a · Other revenue: MISCELLANEOUS

    total $2,310 · related or exempt $2,310

  • 11e · Other revenue, total

    $2,310

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,000,001 · program services $2,000,001

  • 11b · Fees: legal

    total $4,887 · program services $4,270 · management and general $617

  • 11c · Fees: accounting

    total $14,486 · program services $5,486 · management and general $9,000

  • 16 · Occupancy

    total $44,455 · program services $43,634 · management and general $821

  • 17 · Travel

    total $6,035 · program services $3,400 · management and general $2,635

  • 20 · Interest

    total $60,112 · program services $58,610 · management and general $1,502

  • 22 · Depreciation, depletion and amortization

    total $67,730 · program services $66,373 · management and general $1,357

  • 23 · Insurance

    total $29,148 · program services $23,945 · management and general $5,203

  • 24a · Other expenses: FEE FOR SERVICES

    total $87,009 · program services $13,835 · management and general $73,174

  • 24b · Other expenses: MAINTENANCE

    total $83,962 · program services $82,741 · management and general $1,221

  • 24c · Other expenses: TAXES

    total $60,408 · program services $50,130 · management and general $10,278

  • 24d · Other expenses: PROMOTION AND PROSPECTS

    total $19,702 · program services $19,702

  • 24e · All other expenses

    total $24,064 · program services $22,530 · management and general $1,534

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,695 · end of year $3,492

  • 2 · Savings and temporary cash investments

    beginning of year $8,079 · end of year $24,186

  • 3 · Pledges and grants receivable

    beginning of year $3,300 · end of year $9,142

  • 4 · Accounts receivable

    beginning of year $626 · end of year $2,600

  • 8 · Inventories for sale or use

    beginning of year $4,281,630 · end of year $4,146,630

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,109 · end of year $976

  • 10a · Land, buildings and equipment: cost or other basis

    $2,831,722

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,560,886

  • 10c · Land, buildings and equipment, net

    beginning of year $1,318,727 · end of year $1,270,836

  • 17 · Accounts payable and accrued expenses

    beginning of year $241,683 · end of year $329,377

  • 19 · Deferred revenue

    beginning of year $41,605 · end of year $8,333

  • 23 · Secured mortgages and notes payable

    beginning of year $2,047,824 · end of year $2,034,030

  • 27 · Net assets without donor restrictions

    beginning of year $3,292,054 · end of year $3,086,122

Mission and programs · 2023

Mission

PROMOTION OF ECONOMIC DEVELOPMENT IN THE REGION

Activities or mission (Part I)

PROMOTION OF ECONOMIC DEVELOPMENT IN THE REGION.

  • INCUBATOR/JARI CENTER/RENTAL PROPERTIES- PROVIDES OFFICE SPACE TO QUALIFYING BUSINESSES AT BELOW MARKET RATES.

    Expenses $254,645

  • JOHNSTOWN BUSINESS PARK- A PROGRAM ESTABLISHED TO PURCHASE AND SUBSEQUENTLY DEVELOP LAND AS AN EXPANSION OF THE JOHNSTOWN INDUSTRIAL PARK. THIS EXPANSION LAND IS ALSO TO BE SOLD TO COMPANIES AT REASONABLE PRICES, TO ENABLE THEM TO GROW AND CREATE NEW JOBS IN THE AREA.

    Expenses $23,545

  • RACP - JARI PROVIDES SUPPORT SERVICES AS PART OF THEIR SERVICE AGREEMENT WITH JIDC FOR THE REDEVELOPMENT ASSISTANCE CAPITAL PROGRAM (RACP).

    Expenses $2,014,546 · Grants $2,000,001

  • Expenses $101,921 · Revenue $216,024

As filed on the 2023 return.

Listed in Part VII

  • Jeffry D Cramer

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.25

  • Kevin Volk

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25

  • Stephen Zamias

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Ethan Stewart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Ned Kendall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Deborah Krise

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.25

  • Michael Stevens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Vincent P Strugala II

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25

  • Regina Coughenour

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Michael Paulman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Charity Voland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Steven Howsare

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Linda Thomson

    CEO/PRESIDENT

    Total calculated
    $199,138
    From this org
    $0
    From related orgs
    $172,190
    Other
    $26,948
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $172,190 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,000 related
    Nontaxable benefits
    $0 + $10,948 related
    Filer's total
    $0 + $199,138 related

  • Michele Clapper

    ASST SECRETARY

    Total calculated
    $130,643
    From this org
    $0
    From related orgs
    $102,160
    Other
    $28,483
    Hours/week
    1 + 40 related

  • Brenda Fike

    DIRECTOR

    Total calculated
    $99,081
    From this org
    $0
    From related orgs
    $81,527
    Other
    $17,554
    Hours/week
    1 + 40 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • REDEVELOPMENT ASSISTANCE CAPITAL PROGRAM

    $2,000,001

    RACP - JIDC HAS BEEN AWARDED REDEVELOPMENT ASSISTANCE CAPITAL PROGRAM (RACP) GRANTS FROM THE COMMONWEALTH OF PENNSYLVANIA THROUGH THE OFFICE OF THE BUDGET. THESE GRANTS WERE THEN SUB-AWARDED TO LOCAL BUSINESSES AND NONPROFIT ORGANIZATIONS FOR THEM TO CARRY OUT THE TERMS OF THE GRANTS AND COMPLETE THE PROJECTS. MATCHING FUNDS REQUIRED AND RECEIVED ARE ALSO REPORTED ON THE STATEMENTS OF FUNCTIONAL EXPENSES AND ON THE STATEMENTS OF ACTIVITIES.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • JOHNSTOWN AREA REGIONAL INDUSTRIES

    501(C)(3) · CREATE JOB · PA

Provenance

Return type
form_990
Tax year
2023
Filed
30 October 2024
IRS schema version
2023v5.1
Source object
202403139349301855

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.