CENTER CITY DISTRICT FOUNDATION

EIN: 232701217 501(c)(3) Community Improvement

PHILADELPHIA, PA

Total Revenue
$1,085,467
Total Expenses
$1,592,545
Total Assets
$1,088,633
Net Assets
$377,439
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
PA
Principal Officer
PAUL LEVY
Phone
2154405500
Tax Period
2023-01-01 to 2023-12-31

CENTER CITY DISTRICT FOUNDATION, founded in 1992, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2023. Expenses of $1.6M exceeded revenue, resulting in a 47% operating deficit.

Mission

PLANT PHILADELPHIA, PARK ENTERTAINMENT, DILWORTH LAWN, DILWORTH PLAZA, SISTER CITIES, BIKE PATROL, HOMELESS OUTREACH, BENCH PROGRAMS-GRANTS AND CONTRIBUTIONS RECEIVED BY CCDF ARE USED TO INITIATE, TEST, AND SUPPORT PUBLIC IMPROVEMENT INITIATIVES OF THE CCD, SUPPORT FUNDRAISING ACTIVITIES RELATING TO PARKS MANAGED BY THE CCD, RAISE FUNDS FOR CCD'S GREENING INITIATIVES (PLANT! PHILADELPHIA), AND TO INFORM THE PUBLIC ABOUT HOW TO REDUCE HOMELESSNESS IN CENTER CITY.

Program Service Accomplishments

Program 1
Expenses: $291,255 Revenue: $0

RAIL PARK PHASE II - IS DEDICATED TO THE TRANSFORMATION OF THE DEFUNCTANT BLIGHTED FORMER READING RAILROAD VIADUCT INTO A PUBLIC OPEN GREEN SPACE FOR THE USE OF BY WORKERS, RESIDENTS, AND VISITORS TO...

Read more

RAIL PARK PHASE II - IS DEDICATED TO THE TRANSFORMATION OF THE DEFUNCTANT BLIGHTED FORMER READING RAILROAD VIADUCT INTO A PUBLIC OPEN GREEN SPACE FOR THE USE OF BY WORKERS, RESIDENTS, AND VISITORS TO THE CENTER CITY PHILADELPHIA AREA. THE TRANSFORMATION OF THE DERELECT 4.5 ACRE ELEVATED READING RAIL ROAD VIADUCT IN PHILADELPHIA, RUNNING FROM 11TH & VINE STREETS TO 9TH & FAIRMOUNT WITH A WESTERN SPUR AT NOBLE ST. INTO A PUBLIC AMENITY AND PARK WILL HAVE A CATALYTIC IMPACT, CREATING BOTH TEMPORARY AND PERMANENT JOBS AND STIMULATING NEW COMMERCIAL AND HOUSING INVESTMENTS IN THE AREA IMMEDIATELY ADJACENT TO PHILADELPHIA'S THRIVING AND EXPANDING DOWNTOWN.

Program 2
Expenses: $269,752 Revenue: $975

RECOVERY FUND - THE WORLDWIDE COVID PANDEMIC RESULTED IN SIGNIFICANT IMPACTS TO DAILY LIFE IN CENTER CITY PHILADELPHIA. TO ENHANCE THE EFFORTS OF THE CITY OF PHILADELPHIA AND CENTER CITY DISTRICT...

Read more

RECOVERY FUND - THE WORLDWIDE COVID PANDEMIC RESULTED IN SIGNIFICANT IMPACTS TO DAILY LIFE IN CENTER CITY PHILADELPHIA. TO ENHANCE THE EFFORTS OF THE CITY OF PHILADELPHIA AND CENTER CITY DISTRICT, THE CENTER CITY DISTRICT FOUNDATION (CCDF) FOCUSED SIGNIFICANT RESOURCES ON EFFORTS TO HELP THE CITY RECOVER FROM IT'S DEVASTATING EFFECTS. ACTIVITIES SUPPORTED BY CCDF INCLUDE: ENHANCED SECURITY PATROLS THROUGHOUT CENTER CITY PHILADELPHIA VIA ADDITIONAL FOOT PATROLS AND BIKE PATROLS TO ADDRESS CONCERNS OF BUSINESSES AND RESIDENTS REGARDING SAFETY OF THE DOWNTOWN AREA; SERVICES FOR HOMELESS INDIVIDUALS ON THE STREET TO ASSIST THEM WITH SHELTER, ADDITIONAL SERVICES AND THE LIKE; MARKETING EFFORTS TO BRING WORKERS BACK TO THE OFFICE INCLUDING PROMOTIONS AND ADS TOUTING THE BENEFITS OF CENTER CITY PHILADELPHIA; ACTIVITIES TO BRING PEOPLE INTO CENTER CITY AND RESEARCH TO HELP BUSINESSES NAVIGATE THE RETURN TO PROCESS, ALSO, CCDF HELPED FUND RECOVERY ACTIVITIES SUPPORTED BY OTHER ORGANIZATIONS AS WELL, WHICH FOCUSED ON SAFETY, SECURITY AND PROMOTING CENTER CITY RETURN TO WORK.

Program 3
Expenses: $111,360 Revenue: $32,455

COLLINS PARK - IS A SMALL PARK IN THE HEART OF CENTER CITY AND OWNED BY THE CENTER CITY FOUNDATION AT 1707 CHESTNUT STREET. IT PROVIDES A CALMING RESPITE FROM THE DAILY HUSTLE AND BUSTLE OF THE CITY...

Read more

COLLINS PARK - IS A SMALL PARK IN THE HEART OF CENTER CITY AND OWNED BY THE CENTER CITY FOUNDATION AT 1707 CHESTNUT STREET. IT PROVIDES A CALMING RESPITE FROM THE DAILY HUSTLE AND BUSTLE OF THE CITY AND IS OPEN DAILY FOR EVERYONE. EXPENSES RELATE TO THE OPERATION, MAINTENANCE, AND SECURITY OF THE PARK TO ENSURE THAT IT IS CLEAN, SAFE, AND BEAUTIFUL. THE PARK, DESIGNED BY JOHN COLLINS IS CHARACTERIZED BY EXTENSIVE AND LUSH PLANTINGS, CALMING FOUNTAINS AND SEATING AREAS AND AREAS FOR PATRONS TO RELAX AND ENJOY A MEAL. THE PARK IS OPEN DAILY GENERALLY FROM 9:00 AM TO 5:00 PM, AND SEASONALLY AT VARIOUS TIMES. CCDF ALSO PROGRAMS THE PARK FROM TIME TO TIME TO SHOWCASE ARTS AND ARTISTS AND THE PARK HAS BEEN A COMMUNITY GEM AND FAVORED BY RESIDENTS.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,052,878
Program Service Revenue $32,455
Investment Income $134
Other Revenue $0
TOTAL REVENUE $1,085,467

Expense Breakdown

Grants Paid $596,092
Salaries & Benefits $0
Fundraising Expenses $47,362
Program Expenses $1,110,204
Other Expenses $996,453
TOTAL EXPENSES $1,592,545

Year-over-Year Comparison

2023 2022 Change
Revenue $1,085,467 $1,046,256 +0.0%
Expenses $1,592,545 $1,074,047 +0.5%
Net Income $-507,078 $-27,791 +17.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
9

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
3
$523,878
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL R LEVY EX OFFICIO/EXECUTIVE DIRECTOR 10
Officer
$0 $36,491 $523,878
GERARD H SWEENEY CHAIRMAN 1
Officer Director
$0 $0 $0
RICHARD VAGUE SECRETARY 1
Officer Director
$0 $0 $0
JOHN J CONNORS DIRECTOR 1
Director
$0 $0 $0
MICHAEL C FORMAN DIRECTOR 1
Director
$0 $0 $0
THOMAS GRAVINA DIRECTOR 1
Director
$0 $0 $0
JAMES L PATERNO DIRECTOR 1
Director
$0 $0 $0
JANE SCACCETTI DIRECTOR 1
Director
$0 $0 $0
JAIME S FIELD DIRECTOR 1
Director
$0 $0 $0
MICHELLE HONG DIRECTOR 1
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 No data No data No data No data
2023 $1,085,467 $1,592,545 $1,088,633 $-507,078
2022 $1,046,256 $1,074,047 $1,193,872 $-27,791
2021 $471,631 $576,164 $1,351,875 $-104,533
2020 $613,711 $661,204 $1,418,722 $-47,493
2019 $832,256 $852,458 $1,152,889 $-20,202
2018 $1,113,478 $1,977,765 $2,186,465 $-864,287
Explore More Nonprofits
Top 100 Nonprofits in Pennsylvania Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare CENTER CITY DISTRICT FOUNDATION with other nonprofits in Pennsylvania and across the country.