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Nonprofiteer
← ERIE DOWNTOWN DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by ERIE DOWNTOWN DEVELOPMENT CORPORATION.

Totals

Total revenue
$1,570,549
Total expenses
$2,629,964
Contributions and grants received
$486,230
Grants paid
$0
Program service revenue
$762,411
Investment income
$5,137
Other revenue
$316,771
Total assets, end of year
$4,973,898
Total liabilities, end of year
$5,376,239
Net assets or fund balances, end of year
-$402,341
Program services expenses (Part IX)
$1,187,230
Management and general expenses
$1,442,734
Fundraising expenses
$0
Program service expenses (Part III)
$1,187,230

Program services were 45.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JOHN M PERSINGER

    FORMER CEO

    Total calculated
    $215,911
    From this org
    $189,231
    From related orgs
    $0
    Other
    $26,680
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,231
    Bonus
    $60,000
    Other
    not reported
    Deferred
    $26,020
    Nontaxable benefits
    $660
    Filer's total
    $215,911

  • PAULA GREGORY

    CONTROLLER

    Total calculated
    $142,453
    From this org
    $121,760
    From related orgs
    $0
    Other
    $20,693
    Hours/week
    40

  • ANDREW S WHITING

    CEO

    Total calculated
    $123,534
    From this org
    $103,942
    From related orgs
    $0
    Other
    $19,592
    Hours/week
    40

  • COREY COOK

    DIREC OF OPE

    Total calculated
    $105,484
    From this org
    $82,692
    From related orgs
    $0
    Other
    $22,792
    Hours/week
    40

  • RYAN HOOVER

    EXPERIENCE D

    Total calculated
    $95,257
    From this org
    $83,462
    From related orgs
    $0
    Other
    $11,795
    Hours/week
    40

  • MARK INSCHO

    FOOD & BEVER

    Total calculated
    $92,080
    From this org
    $80,192
    From related orgs
    $0
    Other
    $11,888
    Hours/week
    40

  • KAREN BILOWITH

    DIRECTOR

    Total calculated
    $0

  • MICHAEL COLPOYS

    DIRECTOR

    Total calculated
    $0

  • JOHN DILL

    DIRECTOR

    Total calculated
    $0

  • BRIAN DURNIOK

    SECRETARY

    Total calculated
    $0

  • THOMAS HAGEN

    DIRECTOR

    Total calculated
    $0

  • WALTER IWANENKO

    VICE PRESIDE

    Total calculated
    $0

  • KATIE JONES

    TREASURER

    Total calculated
    $0

  • ANITA KUCHCINSKI

    DIRECTOR

    Total calculated
    $0

  • TIMOTHY G NECASTRO

    PRESIDENT

    Total calculated
    $0

  • DANIEL ONORATO

    DIRECTOR

    Total calculated
    $0

  • ROGER RICHARDS

    DIRECTOR

    Total calculated
    $0

  • JAMES STEVENSON

    DIRECTOR

    Total calculated
    $0

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 · 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

No itemized grants to organizations on this return.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • EXCHANGE OPPORTUNITY FUND I LLC

    $12,070,594

    Disposition · SALE OF WRAP BUILDING · Mar 28, 2023 · CORP

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.0
Source object
202413189349305461

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