Totals
- Total revenue
- $51,975
- Total expenses
- $2,808
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $51,975
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $6,711,318
- Total liabilities, end of year
- $424,979
- Net assets or fund balances, end of year
- $6,286,339
- Program services expenses (Part IX)
- $2,808
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,808
Program services were 100.0% 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.
-
2a · Program service revenue: ECONOMIC DEVELOPMENT
total $51,975 · related or exempt $51,975
Functional expenses
Part IX, the statement of functional expenses.
-
24a · Other expenses: DIRECT CONTRACT EXPENSE
total $2,808 · program services $2,808
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $5,827,931 · end of year $5,660,750
-
4 · Accounts receivable
beginning of year $6,349 · end of year $3,069
-
13 · Investments: program-related
beginning of year $1,533 · end of year $750
-
15 · Other assets
beginning of year $1,025,907 · end of year $1,046,749
-
17 · Accounts payable and accrued expenses
beginning of year $2,013 · end of year $81
-
21 · Escrow or custodial account liability
beginning of year $25,000 · end of year $25,000
-
25 · Other liabilities
beginning of year $596,753 · end of year $399,898
-
27 · Net assets without donor restrictions
beginning of year $6,237,954 · end of year $6,286,339
Mission and programs · 2024
Mission
PIDC FC ADMINISTERS THE PIDA LOAN PROGRAM, FUNDED BY THE COMMONWEALTH OF PENNSYLVANIA, AND THE LOCAL SHARE ACCOUNT (LSA) GRANT PROGRAM FUNDED BY THE PA DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT (DCED). THE LOAN PROGRAM PROVIDES FINANCING TO BUSINESSES FOR THE ACQUISITION OF REAL ESTATE, LEASEHOLD IMPROVEMENTS AND CAPITAL EQUIPMENT.
Activities or mission (Part I)
PIDC FINANCING CORPORATION (PIDC FC) ADMINISTERS LOAN PROGRAMS THAT ARE FUNDED BY (SEE SCHEDULE O)
-
SUPPORTING GROWING BUSINESSES: INCLUDES THE SERVICING AND ADMINISTRATION OF THE PIDA LOAN PROGRAM THAT ARE FUNDED BY THE COMMONWEALTH OF PENNSYLVANIA, AND THE ADMINISTRATION OF THE LSA GRANT PROGRAM THAT ARE FUNDED BY THE DCED. AT DECEMBER 31, 2024, THE PIDA LOAN PORTFOLIO TOTALED $3.8 MILLION.
Expenses $2,808 · Revenue $51,975
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Salvatore J PattiSALVATORE J PATTI
CHAIR
- Total calculated
- $0
- Hours/week
- 0.03 + 1.49 related
-
Andrea AllonANDREA ALLON
VICE-CHAIR (THRU 6/24)
- Total calculated
- $0
- Hours/week
- 0.03 + 1.49 related
-
Kevin R BoyleKEVIN R BOYLE
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.03 + 0.74 related
-
Miguel AlbanMIGUEL ALBAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01 + 0.14 related
-
Honorable Cindy BassHONORABLE CINDY BASS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.03 + 0.74 related
-
Emily BittenbenderEMILY BITTENBENDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.03 + 0.74 related
-
Anne BrooksANNE BROOKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.03 + 0.74 related
-
Chellie CameronCHELLIE CAMERON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.03 + 1.49 related
-
Craig CarnaroliCRAIG CARNAROLI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.03 + 0.74 related
-
Dominique CasimirDOMINIQUE CASIMIR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01 + 0.14 related
-
Fred CosenzaFRED COSENZA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01 + 0.14 related
-
Honorable Michael DriscollHONORABLE MICHAEL DRISCOLL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.03 + 0.74 related
-
Rob DubowROB DUBOW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.03 + 0.74 related
-
Renee Garcia EsqRENEE GARCIA ESQ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.03 + 0.74 related
-
Jay GoldsteinJAY GOLDSTEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.03 + 1.49 related
-
Jovan GoldsteinJOVAN GOLDSTEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01 + 0.14 related
-
Lee HuangLEE HUANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01 + 0.14 related
-
Leroy JonesLEROY JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01 + 0.14 related
-
Brian KeechBRIAN KEECH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01 + 0.14 related
-
Jessie LawrenceJESSIE LAWRENCE
DIRECTOR (THRU 10/24)
- Total calculated
- $0
- Hours/week
- 0.01 + 0.14 related
-
Sun LeeSUN LEE
DIRECTOR (THRU 10/24)
- Total calculated
- $0
- Hours/week
- 0.01 + 0.14 related
-
Juan LopezJUAN LOPEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.03 + 1.49 related
-
Alba MartinezALBA MARTINEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.03 + 0.74 related
-
Suzanne S Mayes EsqSUZANNE S MAYES ESQ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.03 + 0.74 related
-
John MondlakJOHN MONDLAK
DIRECTOR (THRU 10/24)
- Total calculated
- $0
- Hours/week
- 0.01 + 0.14 related
-
Douglas OliverDOUGLAS OLIVER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01 + 0.14 related
-
Honorable Cherelle ParkerHONORABLE CHERELLE PARKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01 + 0.14 related
-
Bret PerkinsBRET PERKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.03 + 0.74 related
-
Angelo PerrymanANGELO PERRYMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01 + 0.14 related
-
Thomas Ak QueenanTHOMAS AK QUEENAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01 + 0.14 related
-
Adam ThielADAM THIEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.01 + 0.14 related
-
Jodie HarrisJODIE HARRIS
PRESIDENT
- Total calculated
- $383,179
- From this org
- $0
- From related orgs
- $341,169
- Other
- $42,010
- Hours/week
- 0.5 + 37.5 related
Schedule J breakdown matched by us
- Base
- $0 + $314,169 related
- Bonus
- $0 + $27,000 related
- Other
- $0
- Deferred
- $0 + $21,604 related
- Nontaxable benefits
- $0 + $20,406 related
- Filer's total
- $0 + $383,179 related
-
Samuel RhoadsSAMUEL RHOADS
EXECUTIVE VICE PRESIDENT
- Total calculated
- $344,114
- From this org
- $0
- From related orgs
- $290,738
- Other
- $53,376
- Hours/week
- 0.5 + 37.5 related
Schedule J breakdown matched by us
- Base
- $0 + $265,738 related
- Bonus
- $0 + $25,000 related
- Other
- $0
- Deferred
- $0 + $17,423 related
- Nontaxable benefits
- $0 + $35,953 related
- Filer's total
- $0 + $344,114 related
-
Amy C LeichnerAMY C LEICHNER
EVP & CFO (START 9/25)
- Total calculated
- $59,844
- From this org
- $0
- From related orgs
- $54,743
- Other
- $5,101
- Hours/week
- 1 + 37 related
-
Kathleen McNamaraKATHLEEN MCNAMARA
SENIOR VICE PRESIDENT
- Total calculated
- $300,064
- From this org
- $0
- From related orgs
- $226,899
- Other
- $73,165
- Hours/week
- 1.5 + 37 related
Schedule J breakdown matched by us
- Base
- $0 + $215,091 related
- Bonus
- $0 + $10,000 related
- Other
- $0 + $1,808 related
- Deferred
- $0 + $14,449 related
- Nontaxable benefits
- $0 + $58,716 related
- Filer's total
- $0 + $300,064 related
-
Ilene BurakILENE BURAK
EXECUTIVE VICE PRESIDENT
- Total calculated
- $296,979
- From this org
- $0
- From related orgs
- $224,271
- Other
- $72,708
- Hours/week
- 1.5 + 37 related
Schedule J breakdown matched by us
- Base
- $0 + $199,804 related
- Bonus
- $0 + $17,967 related
- Other
- $0 + $6,500 related
- Deferred
- $0 + $13,902 related
- Nontaxable benefits
- $0 + $58,806 related
- Filer's total
- $0 + $296,979 related
-
Lawrence McComieLAWRENCE MCCOMIE
SENIOR VICE PRESIDENT
- Total calculated
- $231,120
- From this org
- $0
- From related orgs
- $217,906
- Other
- $13,214
- Hours/week
- 0.5 + 37 related
Schedule J breakdown matched by us
- Base
- $0 + $207,906 related
- Bonus
- $0 + $10,000 related
- Other
- $0
- Deferred
- $0 + $12,722 related
- Nontaxable benefits
- $0 + $492 related
- Filer's total
- $0 + $231,120 related
-
Jennifer Lucas CrowtherJENNIFER LUCAS CROWTHER
SENIOR VICE PRESIDENT
- Total calculated
- $230,087
- From this org
- $0
- From related orgs
- $161,188
- Other
- $68,899
- Hours/week
- 0.5 + 37.5 related
Schedule J breakdown matched by us
- Base
- $0 + $151,912 related
- Bonus
- $0 + $9,276 related
- Other
- $0
- Deferred
- $0 + $10,235 related
- Nontaxable benefits
- $0 + $58,664 related
- Filer's total
- $0 + $230,087 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
None.
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
The filer's explanations (Part III)
- PART I, LINE 3:
- PIDC FC DOES NOT HAVE ANY PAID EMPLOYEES; ALL COMPENSATION TO OFFICERS REPORTED ON PART VII OF THE FORM 990 WAS PAID BY A RELATED ORGANIZATION, PHILADELPHIA INDUSTRIAL DEVELOPMENT CORPORATION (PIDC). THE RELATED ORGANIZATION UNDERTAKES A THOROUGH PROCESS TO ENSURE THAT THE EXECUTIVE COMPENSATION THAT IT PAYS TO ITS TOP MANAGEMENT OFFICIALS IS REASONABLE GIVEN THE MARKET IN WHICH IT OPERATES. THE RELATED ORGANIZATION CHECKS THE FOLLOWING BOXES ON ITS FORM 990: QUESTION 3- COMPENSATION COMMITTEE, APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
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
No itemized grants to organizations on this return.
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.
-
PHILADELPHIA INDUSTRIAL DEVELOPMENT CORP
501(C)(4) · ECONOMIC DEVELOPMENT · PA
-
PIDC-DEVELOPMENT MANAGEMENT CORPORATION
501(C)(4) · ECONOMIC DEVELOPMENT · PA
-
PIDC-LOCAL DEVELOPMENT CORPORATION
501(C)(4) · ECONOMIC DEVELOPMENT · PA
-
501(C)(4) · ECONOMIC DEVELOPMENT · PA
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
STARTUPPHL SEED FUND I LP
EXCLUDED · INVESTMENTS · DE · 0.83% owned
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513219349309761
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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