CENTRAL PHILADELPHIA DEVELOPMENT CORPORATION C/O CENTER CITY DISTRICT (EIN 231583209) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1956

Legal Domicile

Principal Officer

PREMA GUPTA

Phone

2154405517

Tax Period

2024-01-01 to 2024-12-31

CENTRAL PHILADELPHIA DEVELOPMENT CORPORATION C/O CENTER CITY DISTRICT, founded in 1956, is a small nonprofit in the Arts, Culture & Humanities sector that reported $243K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $283K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO STRENGTHEN THE COMPETITIVENESS OF CENTER CITY PHILADELPHIA AS AN ATTRACTIVE PLACE TO WORK, TO VISIT, AND TO LIVE TO ENHANCE CENTER CITY AS THE VIBRANT HUB OF THE GREATER PHILADELPHIA REGION THROUGH RESEARCH, PLANNING, ADVOCACY, AND PRIVATE SECTOR LEADERSHIP AND VISION

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $242,775

Program Service Revenue $0

Investment Income $147

Other Revenue $0

TOTAL REVENUE $242,922

Expense Breakdown

Grants Paid $0

Salaries & Benefits $114,396

Fundraising Expenses $57,198

Program Expenses $81,937

Other Expenses $168,513

TOTAL EXPENSES $282,909

Year-over-Year Comparison

	2024	2023	Change
Revenue	$242,922	$257,298	-0.1%
Expenses	$282,909	$221,722	+0.3%
Net Income	$-39,987	$35,576	-2.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PREMA GUPTA	CEO/EXECUTIVE DIRECTOR	10.00	Officer Director	$0	$0	$0
EDWARD M D'ALBA PE	CHAIR & EMERITUS / NO VOTING RIGHTS	2.00	Officer Director	$0	$0	$0
JAMES R PEARLSTEIN	PRESIDENT	2.00	Officer Director	$0	$0	$0
H HETHERINGTON SMITH	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JOHN DERHAM	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRISTOPHE P TERLIZZI	TREASURER	2.00	Officer Director	$0	$0	$0
JULIAN P RACKOW ESQ	EMERITUS / NO VOTING RIGHTS	2.00	Officer Director	$0	$0	$0
MARC D BROOKMAN ESQ	EMERITUS / NO VOTING RIGHTS	2.00	Officer Director	$0	$0	$0
ROBERT D LANE JR ESQ	EMERITUS / NO VOTING RIGHTS	2.00	Officer Director	$0	$0	$0
AARON GRAVES	DIRECTOR	1.00	Officer Director	$0	$0	$0
AJAMU JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
ALAN C KESSLER ESQ	VICE PRESIDENT	1.00	Director	$0	$0	$0
ANDREW COLER	DIRECTOR	1.00	Director	$0	$0	$0
ANNE PAPAGEORGE	DIRECTOR	1.00	Director	$0	$0	$0
BRADLEY A KROUSE ESQ	DIRECTOR	1.00	Director	$0	$0	$0
BRANTON HENDERSON	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN BERSON	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER W ROSENBLEETH ESQ	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL KILLINGER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MOOS AIA	DIRECTOR	1.00	Director	$0	$0	$0
ERIK F WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
HAROLD DICHTER	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER CROWELL	DIRECTOR	1.00	Director	$0	$0	$0
JASON A TUCKER	DIRECTOR	1.00	Director	$0	$0	$0
JON ROBINS	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH W HEALY	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH FULMER	DIRECTOR	1.00	Director	$0	$0	$0
MARK A DUFFY	DIRECTOR	1.00	Director	$0	$0	$0
MARK L SILOW ESQ	DIRECTOR	1.00	Director	$0	$0	$0
MARK MERLINI	DIRECTOR	1.00	Director	$0	$0	$0
MARK T CELONI PE	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW N MCCLURE ESQ	DIRECTOR	1.00	Director	$0	$0	$0
MIGUEL BAPTISTA	DIRECTOR	1.00	Director	$0	$0	$0
MISSY A QUINN	DIRECTOR	1.00	Director	$0	$0	$0
MONICA JINDIA	DIRECTOR	1.00	Director	$0	$0	$0
PETER KELSEN ESQ	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
RIJA BEARES	DIRECTOR	1.00	Director	$0	$0	$0
RYAN ADE	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN MCCANEY	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$242,922	$282,909	$493,957	$-39,987
2023	$257,298	$221,722	$504,988	$35,576
2022	$257,833	$262,003	$327,273	$-4,170
2021	$294,291	$485,201	$385,571	$-190,910
2020	$286,180	$210,586	$600,367	$75,594
2019	$324,015	$275,610	$532,840	$48,405
2018	$331,519	$406,080	$435,033	$-74,561

CENTRAL PHILADELPHIA DEVELOPMENT CORPORATION C/O CENTER CITY DISTRICT