PHILADELPHIA INDUSTRIAL DEVELOPMENT CORPORATION

EIN: 236050858 Community Improvement

PHILADELPHIA, PA

Total Revenue
$28,875,003
Total Expenses
$24,193,211
Total Assets
$64,901,333
Net Assets
$22,539,918
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1957
Legal Domicile
PA
Principal Officer
JODIE HARRIS
Phone
2154968020
Tax Period
2024-01-01 to 2024-12-31

PHILADELPHIA INDUSTRIAL DEVELOPMENT CORPORATION, founded in 1957, is a mid-sized nonprofit in the Community Improvement sector that reported $28.9M in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.7M, a strong 16% operating margin.

Mission

PIDC PLANS AND IMPLEMENTS ECONOMIC DEVELOPMENT INITIATIVES (SEE SCHEDULE O) WHICH ENHANCE THE COMPETITIVE ENVIRONMENT, GENERATE JOBS AND PRODUCE HIGHER TAX RATABLES THROUGHOUT PHILADELPHIA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $13,901,096
Program Service Revenue $14,544,587
Investment Income $429,320
Other Revenue $0
TOTAL REVENUE $28,875,003

Expense Breakdown

Grants Paid $2,302,551
Salaries & Benefits $9,188,059
Fundraising Expenses $0
Program Expenses $18,076,191
Other Expenses $12,702,601
TOTAL EXPENSES $24,193,211

Year-over-Year Comparison

2024 2023 Change
Revenue $28,875,003 $20,971,900 +0.4%
Expenses $24,193,211 $21,088,394 +0.1%
Net Income $4,681,792 $-116,494 -41.2%
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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Liquidity & Cash Position

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Governance

Voting Members
30
Independent Members
30
Employees
48
Volunteers
30

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
14
$2,846,001
Total Directors
31
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SALVATORE J PATTI CHAIR 0.20
Officer Director
$0 $0 $0
ANDREA ALLON VICE-CHAIR (THRU 6/24) 0.20
Officer Director
$0 $0 $0
KEVIN R BOYLE SECRETARY 0.20
Officer Director
$0 $0 $0
MIGUEL ALBAN DIRECTOR 0.05
Director
$0 $0 $0
HONORABLE CINDY BASS DIRECTOR 0.20
Director
$0 $0 $0
EMILY BITTENBENDER DIRECTOR 0.20
Director
$0 $0 $0
ANNE BROOKS DIRECTOR 0.20
Director
$0 $0 $0
CHELLIE CAMERON DIRECTOR 0.20
Director
$0 $0 $0
CRAIG CARNAROLI DIRECTOR 0.20
Director
$0 $0 $0
DOMINIQUE CASIMIR DIRECTOR 0.05
Director
$0 $0 $0
FRED COSENZA DIRECTOR 0.05
Director
$0 $0 $0
HONORABLE MICHAEL DRISCOLL DIRECTOR 0.20
Director
$0 $0 $0
ROB DUBOW DIRECTOR 0.20
Director
$0 $0 $0
RENEE GARCIA ESQ DIRECTOR 0.20
Director
$0 $0 $0
JAY GOLDSTEIN DIRECTOR 0.20
Director
$0 $0 $0
JOVAN GOLDSTEIN DIRECTOR 0.05
Director
$0 $0 $0
LEE HUANG DIRECTOR 0.05
Director
$0 $0 $0
LEROY JONES DIRECTOR 0.05
Director
$0 $0 $0
BRIAN KEECH DIRECTOR 0.05
Director
$0 $0 $0
JESSIE LAWRENCE DIRECTOR (THRU 10/24) 0.05
Director
$0 $0 $0
SUN LEE DIRECTOR (THRU 10/24) 0.05
Director
$0 $0 $0
JUAN LOPEZ DIRECTOR 0.20
Director
$0 $0 $0
ALBA MARTINEZ DIRECTOR 0.20
Director
$0 $0 $0
SUZANNE S MAYES ESQ DIRECTOR 0.20
Director
$0 $0 $0
JOHN MONDLAK DIRECTOR (THRU 10/24) 0.05
Director
$0 $0 $0
DOUGLAS OLIVER DIRECTOR 0.05
Director
$0 $0 $0
HONORABLE CHERELLE PARKER DIRECTOR 0.05
Director
$0 $0 $0
BRET PERKINS DIRECTOR 0.20
Director
$0 $0 $0
ANGELO PERRYMAN DIRECTOR 0.05
Director
$0 $0 $0
THOMAS AK QUEENAN DIRECTOR 0.05
Director
$0 $0 $0
ADAM THIEL DIRECTOR 0.05
Director
$0 $0 $0
JODIE HARRIS PRESIDENT 24.50
Officer
$341,169 $42,010 $383,179
SAMUEL RHOADS EXECUTIVE VICE PRESIDENT 24.50
Officer
$290,738 $53,376 $344,114
AMY C LEICHNER EVP & CFO (START 9/25) 20.50
Officer
$54,743 $5,101 $59,844
KATHLEEN MCNAMARA SENIOR VICE PRESIDENT 33.50
Officer
$226,899 $73,165 $300,064
ILENE BURAK EXECUTIVE VICE PRESIDENT 33.50
Officer
$224,271 $72,708 $296,979
THOMAS J DALFO SENIOR VICE PRESIDENT 33.50
Officer
$210,933 $71,956 $282,889
LAWRENCE MCCOMIE SENIOR VICE PRESIDENT 24.50
Officer
$217,906 $13,214 $231,120
MARLA HAMILTON SENIOR VICE PRESIDENT 37.50
Officer
$209,266 $33,175 $242,441
SHAYNE MOORE SENIOR VICE PRESIDENT 33.50
Officer
$207,715 $13,033 $220,748
MARQUIS T UPSHUR SENIOR VICE PRESIDENT 37.50
Officer
$195,998 $58,538 $254,536
JENNIFER LUCAS CROWTHER SENIOR VICE PRESIDENT 14.50
Officer
$161,188 $68,899 $230,087
KEVIN LESSARD VICE PRESIDENT 37.50
Highest
$178,724 $30,351 $209,075
CHRISTOPHER CHAPLIN VICE PRESIDENT 33.50
Highest
$156,880 $56,012 $212,892
HEATHER HANOWITZ VICE PRESIDENT 24.50
Highest
$159,308 $29,673 $188,981
SCOTT DEVER VICE PRESIDENT 37.50
Highest
$161,428 $8,087 $169,515
ANYA MORRISON DAVIS VICE PRESIDENT 33.50
Highest
$138,140 $67,936 $206,076
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 $28,875,003 $24,193,211 $64,901,333 $4,681,792
2023 $20,971,900 $21,088,394 $39,947,016 $-116,494
2022 $17,764,244 $17,955,296 $41,210,831 $-191,052
2021 $13,493,986 $13,558,661 $40,435,799 $-64,675
2020 $13,207,829 $12,009,171 $58,319,183 $1,198,658
2019 $11,621,333 $13,206,792 $25,920,556 $-1,585,459
2018 $23,455,965 $19,168,582 $43,564,184 $4,287,383
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