Overview
What is Allentown Economic Development Corporation?
Allentown Economic Development Corporation is a nonprofit organization situated in Allentown, Pennsylvania. Their primary focus is on property management, specifically maintaining older industrial buildings and attracting manufacturers to operate from urban locations. This approach not only utilizes industrial space sustainably but also fosters growth opportunities for the city and creates job prospects for its residents. Beyond this, the corporation manages other properties developed on vacant and blighted areas, and contributes to the maintenance of older properties housing non-profits that benefit the city's residents. The organization's mission is to actively seek, encourage, and develop business opportunities for the benefit of Allentown, its citizens, and the Lehigh Valley. With a team of eight dedicated individuals, Allentown Economic Development Corporation is proactively working towards the betterment of its community.
Official website here: www.allentownedc.com
Is Allentown Economic Development Corporation legitimate?
Allentown Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Allentown Economic Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $159,589
Professional Fundraising Fees: $0
Other Salaries and Wages: $334,382
For more financial information, click here
Official website here: www.allentownedc.com
What is the mission statement of Allentown Economic Development Corporation?
The Allentown Economic Development Corporation's mission is to actively seek out, encourage, and develop business opportunities for the betterment of the community. This organization proactively manages and develops strategic business opportunities, with the aim of benefiting the city and its residents. One of their key initiatives involves property management, specifically maintaining older industrial buildings and attracting manufacturers to operate from urban locations. This approach not only utilizes industrial space sustainably but also creates growth opportunities and jobs within the city. Furthermore, the corporation maintains other properties developed on vacant and blighted areas, and assists with the maintenance of older properties housing non-profit organizations that benefit the city's residents.
Official website here: www.allentownedc.com
Who is the CEO of Allentown Economic Development Corporation?
R Scott Unger is the Chairman of Allentown Economic Development Corporation.
Official website here: www.allentownedc.com
What is the revenue of Allentown Economic Development Corporation?
Allentown Economic Development Corporation's revenue in 2022 was $2,229,356.
Official website here: www.allentownedc.com
Who are the executives of Allentown Economic Development Corporation and what are their salaries?
The average compensation at Allentown Economic Development Corporation during 2022 was $61,746. There are 8 employees and 14 volunteers at Allentown Economic Development Corporation.
Here are 15 key members and their salaries:
- R Scott Unger (Executive Director)
- Donald M Bernhard (Chairman) [Trustee/Director]
- Vincent Tallarico (Vice Chairman) [Trustee/Director]
- John G Englesson (Secretary) [Trustee/Director]
- Matthew B Green (Treasurer) [Trustee/Director]
- Ray O'Connel (Director)
- Don Cunningham (Director)
- Edward Roma (Director)
- David Quier (Director)
- Ed Dougherty (Director)
- Leonard Lightner (Director)
- Daryl Hendricks (Director)
- Frank Kane (Director)
- Susan E Youngs (Director)
- James K Harbaugh (Director)
Official website here: www.allentownedc.com
Where can I find the form 990 for Allentown Economic Development Corporation?
The Allentown Economic Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.allentownedc.com
Learn more at the official website: www.allentownedc.com
Mission Statement of Allentown Economic Development Corporation
The Allentown Economic Development Corporation, in its mission, actively seeks out, encourages, and manages strategic business opportunities for the benefit of Allentown and its citizens, as well as the broader Lehigh Valley. This nonprofit organization's primary goal is to proactively identify potential business ventures and foster their growth, which in turn creates sustainable job opportunities for the city's residents.
One of Allentown Economic Development Corporation's key activities involves the maintenance of older industrial buildings and attracting manufacturers to operate within an urban setting. By doing so, the corporation effectively utilizes industrial space, stimulating growth within the city and providing employment opportunities for its residents. Furthermore, the organization manages other properties that have been developed on vacant and blighted areas, and assists in the maintenance of older properties that house various non-profit organizations, thereby benefiting the residents of Allentown.
Impact
This information is meant to be a general summary of Allentown Economic Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Allentown Economic Development Corporation's impact is significant in the city of Allentown, Pennsylvania. By proactively identifying, encouraging, and developing business opportunities in the Lehigh Valley, they play a crucial role in the economic growth of the region.
Through their property management activities, which involve maintaining older industrial buildings and attracting manufacturers to operate from urban locations, they contribute to the sustainable utilization of industrial space. This not only creates growth opportunities for the city but also generates employment for its residents.
Moreover, the corporation helps maintain properties developed on vacant and blighted areas, including supporting older property maintenance that houses non-profits benefiting the residents of Allentown. Overall, their strategic business initiatives benefit Allentown, its citizens, and the Lehigh Valley by fostering community improvement and economic development.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROPERTY MANAGEMENT
Revenue
$1,041,858
BUSINESS INCUBATION
Revenue
$563,374
LENDING
Revenue
$37,955
REAL ESTATE DEVELOPMEN
Revenue
$3,630
Organization Details
Founding Year
1979
Phone
(610) 435-8890
Principal Officer
R Scott Unger
Main Address
905 HARRISION ST, ALLENTOWN, PA, 18103
Website
www.allentownedc.com
NTEE Category
Code: S43Z - Community improvement
If you are a representative of Allentown Economic Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.