DIAMOND CITY PARTNERSHIP INC

EIN: 233094874 501(c)(3) Community Improvement

WILKESBARRE, PA

Total Revenue
$668,571
Total Expenses
$627,784
Total Assets
$285,895
Net Assets
$237,679
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
PA
Principal Officer
ROBERT BORWICK
Phone
5702089737
Tax Period
2023-01-01 to 2023-12-31

DIAMOND CITY PARTNERSHIP INC, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $669K in total revenue in fiscal year 2023. Expenses of $628K left a modest 6% surplus.

Mission

DIAMOND CITY PARTNERSHIP, INC. IS WILKES-BARRE'S DOWNTOWN REVITALIZATION ORGANIZATION: THE CARETAKER OF THE COMMUNITY'S VISION FOR DOWNTOWN WILKES-BARRE. THE ORGANIZATION'S DEFINED MISSION IS TO FORM AN ALLIANCE OF ORGANIZATIONS, BUSINESSES, AND INDIVIDUALS IN ORDER TO PLAN AND IMPLEMENT REVITALIZATION STRATEGIES FOR AREAS LOCATED WITHIN THE CITY OF WILKES-BARRE, PENNSYLVANIA.

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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 $394,349
Program Service Revenue $274,222
Investment Income $0
Other Revenue $0
TOTAL REVENUE $668,571

Expense Breakdown

Grants Paid $19,205
Salaries & Benefits $194,097
Fundraising Expenses $18,886
Program Expenses $513,445
Other Expenses $414,482
TOTAL EXPENSES $627,784

Year-over-Year Comparison

2023 2022 Change
Revenue $668,571 $679,754 0.0%
Expenses $627,784 $576,400 +0.1%
Net Income $40,787 $103,354 -0.6%
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

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Governance

Voting Members
28
Independent Members
28
Employees
4
Volunteers
47

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
5
$113,297
Total Directors
28
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL WOOD CHAIR 1.00
Officer Director
$0 $0 $0
ROBERT BORWICK VICE CHAIR 1.00
Officer Director
$0 $0 $0
JAMES CASEY SECRETARY 1.00
Officer Director
$0 $0 $0
CHARLES BARBER TREASURER 1.00
Officer Director
$0 $0 $0
GREG BARROUK DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN M BARROUK DIRECTOR 1.00
Director
$0 $0 $0
JIM BELL DIRECTOR 1.00
Director
$0 $0 $0
RUTH BORLAND DIRECTOR 1.00
Director
$0 $0 $0
TONY BROOKS DIRECTOR 1.00
Director
$0 $0 $0
JOELL YARMEL DIRECTOR 1.00
Director
$0 $0 $0
BRIAN DOUGHTON DIRECTOR 1.00
Director
$0 $0 $0
GUS GENETTI DIRECTOR 1.00
Director
$0 $0 $0
V SCOTT KOERWER DIRECTOR 1.00
Director
$0 $0 $0
LINDSAY GRIFFIN DIRECTOR 1.00
Director
$0 $0 $0
DAVID JOLLEY DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM JONES DIRECTOR 1.00
Director
$0 $0 $0
JANET KOBYLSKI DIRECTOR 1.00
Director
$0 $0 $0
JOHN MADAY DIRECTOR 1.00
Director
$0 $0 $0
JOHN MALTA DIRECTOR 1.00
Director
$0 $0 $0
KENNETH MARQUIS DIRECTOR 1.00
Director
$0 $0 $0
JACK MCNULTY DIRECTOR 1.00
Director
$0 $0 $0
KERRY MISCAVAGE DIRECTOR 1.00
Director
$0 $0 $0
TERI OOMS DIRECTOR 1.00
Director
$0 $0 $0
PATRICIA PARKS DIRECTOR 1.00
Director
$0 $0 $0
ZUBEEN SAEED DIRECTOR 1.00
Director
$0 $0 $0
ROBERT ZANICKY DIRECTOR 1.00
Director
$0 $0 $0
JOEL ZITOFSKY DIRECTOR 1.00
Director
$0 $0 $0
GEORGE BROWN DIRECTOR 1.00
Director
$0 $0 $0
LARRY NEWMAN EXECUTIVE DIRECTOR 40.00
Officer
$113,297 $0 $113,297
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 $668,571 $627,784 $285,895 $40,787
2022 $679,754 $576,400 $245,379 $103,354
2021 $541,886 $519,800 $158,852 $22,086
2020 $417,520 $438,320 $153,632 $-20,800
2019 $340,381 $370,907 $148,686 $-30,526
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