East Falls Development Corporation

EIN: 232805925 501(c)(3) Community Improvement

Philadelphia, PA

Total Revenue
$271,935
Total Expenses
$265,146
Total Assets
$494,172
Net Assets
$474,628
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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
1995
Legal Domicile
PA
Principal Officer
Kevin Duffy
Phone
2158488084
Tax Period
2023-01-01 to 2023-12-31

East Falls Development Corporation, founded in 1995, is a small nonprofit in the Community Improvement sector that reported $272K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

The East Falls Development Corporation is a not-for-profit entity dedicated to community-based economic development for the benefit of East Falls. We work to create a community that capitalizes on its assets-a strategic location between Center City Philadelphia and

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $172,666
Program Service Revenue $62,719
Investment Income $9,380
Other Revenue $27,170
TOTAL REVENUE $271,935

Expense Breakdown

Grants Paid $0
Salaries & Benefits $112,231
Fundraising Expenses $5,654
Program Expenses $246,830
Other Expenses $152,915
TOTAL EXPENSES $265,146

Year-over-Year Comparison

2023 2022 Change
Revenue $271,935 $243,070 +0.1%
Expenses $265,146 $201,190 +0.3%
Net Income $6,789 $41,880 -0.8%
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

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Governance

Voting Members
15
Independent Members
15
Employees
6
Volunteers
50

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
2
$0
Total Directors
15
$0
Key Employees
1
$75,089
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John Hawkins Board Chair 5.00
Officer Director
$0 $0 $0
Kevin Duffy Treasurer 2.00
Officer Director
$0 $0 $0
Marvina Furlow Member 2.00
Director
$0 $0 $0
John Grady Member 2.00
Director
$0 $0 $0
Mike Stanton Member 2.00
Director
$0 $0 $0
Ronan Gill Member 2.00
Director
$0 $0 $0
Douglas Grom Member 2.00
Director
$0 $0 $0
Felicite Moorman Member 2.00
Director
$0 $0 $0
Ina Thomas Member 2.00
Director
$0 $0 $0
Jeff Cromarty Member 2.00
Director
$0 $0 $0
Andra Anusionwu Member 2.00
Director
$0 $0 $0
George Callicut Member 2.00
Director
$0 $0 $0
Ben White Member 2.00
Director
$0 $0 $0
Paul Barrett Member 2.00
Director
$0 $0 $0
Melissa Grimm Member 2.00
Director
$0 $0 $0
Michelle Feldman Exec Director 40.00
Key Emp Highest
$75,089 $0 $75,089
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 $271,935 $265,146 $494,172 $6,789
2022 $243,070 $201,190 $490,372 $41,880
2021 $493,883 $525,557 $444,759 $-31,674
2020 $187,520 $161,053 $465,015 $26,467
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