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Erie Downtown Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 820709054 ✦ Erie, PA ✦ Designated as a 501(c)(3)

Overview

What is Erie Downtown Development Corporation?

The Erie Downtown Development Corporation is a nonprofit organization, situated at 10 EAST 5TH STREET, Erie, Pennsylvania 16507. Its primary objective is to enhance the well-being of the residents of Erie, Pennsylvania, by serving as a real estate development and financing entity. This mission aims to strengthen the core assets of Downtown Erie, ultimately contributing to its revitalization, thereby fostering a broader regional improvement. The corporation operates with a team of 33 dedicated individuals.


Official website here: www.erieddc.org

Is Erie Downtown Development Corporation legitimate?

Erie Downtown Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Erie Downtown 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: $546,708
Professional Fundraising Fees: $0
Other Salaries and Wages: $430,146

For more financial information, click here


Official website here: www.erieddc.org

What is the mission statement of Erie Downtown Development Corporation?

The Erie Downtown Development Corporation serves as a non-profit organization with a focus on real estate development and financing. Its primary objective is to enhance the core assets of Downtown Erie, thereby driving revitalization across the region. By acting in this capacity, the organization aims to contribute positively to the well-being of the community, ultimately promoting the welfare of the city's residents.


Official website here: www.erieddc.org

Who is the CEO of Erie Downtown Development Corporation?

Andrew S Whiting is the Former Ceo of Erie Downtown Development Corporation. The CEO's salary of Erie Downtown Development Corporation is $0 and their total compensation is $0.


Official website here: www.erieddc.org

What is the revenue of Erie Downtown Development Corporation?

Erie Downtown Development Corporation's revenue in 2022 was $1,120,288.


Official website here: www.erieddc.org

Who are the executives of Erie Downtown Development Corporation and what are their salaries?

The average compensation at Erie Downtown Development Corporation during 2022 was $29,602. There are 33 employees at Erie Downtown Development Corporation.

Here are 19 key members and their salaries (Erie Downtown Development Corporation's CEO's salary is $0 and their total compensation is $0):

    John M Persinger (Former Ceo)
  • Compensation: $299,305
  • Related: $0
  • Other: $50,637

    • Paula Gregory (Controller)
  • Compensation: $108,204
  • Related: $0
  • Other: $19,168

    • Nicole Reitzell (Vp Of Commun)
  • Compensation: $95,829
  • Related: $0
  • Other: $26,723

    • Corey Cook (Direc Of Ope)
  • Compensation: $82,245
  • Related: $0
  • Other: $27,534

    • Mark Inscho (Food & Bever)
  • Compensation: $82,245
  • Related: $0
  • Other: $26,805

    • Ryan Hoover (Experience D)
  • Compensation: $69,611
  • Related: $0
  • Other: $8,344

    • Karen Bilowith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Dill (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Gibbons (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas Hagen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pierre Mccormick (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Timothy G Necastro (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daniel Onorato (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Roger Richards (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Stevenson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Keith Taylor (Vice Preside) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carl Wolfrom (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Zimmer (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew S Whiting (Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.erieddc.org

    Where can I find the form 990 for Erie Downtown Development Corporation?

    The Erie Downtown Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.erieddc.org

    Learn more at the official website: www.erieddc.org

    Mission Statement of Erie Downtown Development Corporation

    The Erie Downtown Development Corporation serves as a non-profit entity committed to real estate development and financing. Its primary objective is to strengthen the core assets of Downtown Erie and drive revitalization across the region. By doing so, the organization aims to enhance the well-being of the people in the City of Erie, Pennsylvania. In essence, the Erie Downtown Development Corporation plays a pivotal role in revitalizing its community by focusing on the development and financing of key assets within the downtown area.

    Impact

    This information is meant to be a general summary of Erie Downtown Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    The impact of Erie Downtown Development Corporation (EDDC) can be seen in the significant strides made towards revitalizing downtown Erie and strengthening its core assets. EDDC's efforts have contributed to a more vibrant and economically thriving city center, attracting businesses, residents, and visitors to the area. By focusing on real estate development and financing, EDDC has played a crucial role in driving the revitalization of downtown Erie and spurring growth across the region. Their work has not only enhanced the physical appearance of the city but also promoted the overall welfare and well-being of its residents. EDDC's commitment to community improvement and creating a more prosperous urban environment has had a lasting and positive impact on Erie and its residents.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $279,372
  • Program Service Revenue: $475,852
  • Gross Receipts: $17,437,816

    • Assets and Liabilities:
  • Total Assets: $14,910,077
  • Total Liabilities: $14,403,003
  • Net Assets: $507,074
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PROPERTY MANAGEMENT INCOME

    Revenue

    $386,422

    DEVELOPMENT SERVICES INCOME

    Revenue

    $83,044

    COMMUNITY ENGAGEMENT INCOME

    Revenue

    $4,462

    RENTAL INCOME

    Revenue

    $1,924

    Organization Details

    Founding Year

    2017

    Principal Officer

    Andrew S Whiting

    Main Address

    10 EAST 5TH STREET, ERIE, PA, 16507

    NTEE Category

    Code: S30 - Community improvement

    If you are a representative of Erie Downtown 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.