Pidc-Local Development Corporation
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Manages government-funded grant and loan programs to drive economic development and job growth throughout the City of Philadelphia. For fiscal year 2024 it reported $8.9M in revenue, $13.9M in expenses, and $68.1M in net assets.Pt I
Summary of the Filing
Where the work happens
Support Growth & Resilience of Businesses and Developers
Pidc-ldc invests flexible, affordable capital in growing local businessesthe backbone of our economybecause they create jobs, build wealth for entrepreneurs, and stabilize neighborhoods. Pidc-ldc also supports developers in financing community-oriented projects.
Investing in High Impact Revitalization
Pidc-ldc plays a critical role as a trusted conduit to increase access, reduce complexity, and successfully deliver economic development resources from our partners to a broad range of clients to support high impact community revitalization projects in philadelphia.
Contract Management
Manage various loans and grant programs on behalf of the city of philadelphia, commonwealth of pennsylvania and federal agencies that serve to retain and grow employment in philadelphia.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 100% | — | — |
| Overhead ratio | 0% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | -9% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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