Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2011.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
99 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? The org can add a note here. Claim this org to fix it.
Who runs it and what they're paid
41 people listed on the 990.
Are you one of these people? Claim this org to confirm your role
Something off? The org can add a note here. Claim this org to fix it.
Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Manages government-funded grant and loan programs to drive economic development and job growth throughout the City of Philadelphia.
Questions for Pidc-Local Development Corporation
Your first name shows with your question. Pidc-Local Development Corporation answers here, for everyone.
Know this organization? Claim it to add your story
Investing in High Impact Community Revitalization
Pidc-ldc invests in high-impact community revitalization projects to bring critical goods and services, create jobs, and eliminate blight throughout the city of philadelphia. In 2021, pidc invested $32.6m through 23 loans in 13 catalytic projects in neighborhoods throughout philadelphia.
See Schedule Osupporting Growing Businesses
Pidc-ldc provides investment capital to philadelphia's growing technology-based, seed stage business community. Pidc-ldc actively works to cultivate philadelphia's entrepreneur climate and provides financing to bridge the period between the early development of intellectual property and the point at which a company attracts the attention…
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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $94.2M | $105.6M |
| InvestmentsLn 11–13 | $1.0M | $1.2M |
| Total assetsLn 16 | $220.0M | $228.9M |
| LiabilitiesLn 26 | $146.0M | $145.6M |
| Net assetsLn 32 | $74.0M | $83.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $656K | $656K | ||
| Management feesLn 11a | $850K | $850K | ||
| InterestLn 20 | $2.1M | $2.1M | ||
| Depreciation, depletion and amortizationLn 22 | $28K | $28K | ||
| Other expenses (24a–d)Ln 24 | $608K | $550K | $59K | |
| Total functional expensesLn 25 | $4.2M | $4.2M | $59K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $8.9M | $13.9M | −$5.0M | $68.1M | 990 PDF |
| FY2023 | $9.7M | $28.8M | −$19.1M | $73.3M | 990 PDF |
| FY2022 | $11.5M | $2.5M | $9.0M | $92.3M | 990 PDF |
| FY2021 Viewing | $6.5M | $4.2M | $2.3M | $83.3M | 990 PDF |
| FY2020 | $13.5M | $7.6M | $6.0M | $74.0M | 990 PDF |
Want to add your own materials alongside these filings? Claim this org
Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $6,496,519 revenue, 12 lines filed
Part VI · Governance 30 of 30 board members independent, 1 to look at
Part VIII · Statement of revenue $6,496,519 across 7 lines filed
Part IX · Statement of functional expenses $4,218,182 across 5 lines filed
Part X · Balance sheet $228,917,209 assets, 13 lines filed
Part XI · Reconciliation of net assets $83,288,156 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
Similar organizations you could support · Compare with another nonprofit
Names, privacy, and removal requests More
The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.
Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.
We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.
Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.
If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.
Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.
If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.
If you ARE the filing organization, claim this org and add context
Made it to the end? Claim this organization