HAVERFORD PARTNERSHIP FOR ECONOMIC DEVELOPMENT

EIN: 272003423 501(c)(3) Community Improvement

HAVERTOWN, PA

Total Revenue
$282,424
Total Expenses
$191,310
Total Assets
$223,859
Net Assets
$184,584
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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
PA
Principal Officer
JONATHAN DRUHAN
Phone
6109455822
Tax Period
2023-01-01 to 2023-12-31

HAVERFORD PARTNERSHIP FOR ECONOMIC DEVELOPMENT, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $282K in total revenue in fiscal year 2023. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $91K, a strong 32% operating margin.

Mission

DISCOVER HAVERFORD (HPED)IS A 501C3 NONPROFIT ORGANIZATION THAT FACILITATES GOVERNMENT, BUSINESSES, COMMERCIAL PROPERTY OWNERS AND RESIDENTS WORKING TOGETHER TO PROMOTE ECONOMIC GROWTH THROUGHOUT HAVERFORD TOWNSHIP. DISCOVER HAVERFORD BOOSTS THE LOCAL ECONOMY BY SUPPORTING BUSINESSES, ENHANCING THE IMAGE OF HAVERFORD TOWNSHIP, AND REVITALIZING OUR BUSINESS DISTRICTS AND PUBLIC SPACES.

Program Service Accomplishments

Program 1
Expenses: $77,661 Revenue: $22,840

STREETSCAPE IMPROVEMENTS.DISCOVER HAVERFORD IS COMMITTED TO BEAUTIFYING OUR BUSINESS DISTRICTS AND PUBLIC SPACES WHICH INCLUDE INSTALLING PLANTERS, GARDENS AND WALKWAYS. WE ALSO DESIGN SIGNS TO...

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STREETSCAPE IMPROVEMENTS.DISCOVER HAVERFORD IS COMMITTED TO BEAUTIFYING OUR BUSINESS DISTRICTS AND PUBLIC SPACES WHICH INCLUDE INSTALLING PLANTERS, GARDENS AND WALKWAYS. WE ALSO DESIGN SIGNS TO CREATE A STRONGER SENSE OF PLACE AND IDENTITY. STREET AMENTITIES INCLUDING BENCHES AND TRASH CANS HAVE ALSO BEEN INSTALLED.

Program 2
Expenses: $41,985 Revenue: $72,037

BUSINESS RECRUITMENT AND SUPPORT. CREATION OF BUSINESS RECRUITMENT PACKET, WORKSHOPS, WINDOW AND FACADE DESIGN CONSULTATIONS, MATCHING FACADE GRANTS, COMMUNICATION WITH BUSINESSES AND OTHER...

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BUSINESS RECRUITMENT AND SUPPORT. CREATION OF BUSINESS RECRUITMENT PACKET, WORKSHOPS, WINDOW AND FACADE DESIGN CONSULTATIONS, MATCHING FACADE GRANTS, COMMUNICATION WITH BUSINESSES AND OTHER INTERESTED COMMUNITY MEMBERS ABOUT IMPORTANT ISSUES, PROJECTS AND PROGRAMS VIA MONTHLY NEWSLETTER, WEBSITE, FACEBOOK AND INSTAGRAM. PROVIDE NETWORKING OPPORTUNITIES AND ANNUAL AWARDS OF EXCELLENCE TO BUSINESSES FOR CIVIC ENGAGEMENT, FACADE IMPROVEMENTS, ETC. WE WORK WITH THE TOWNSHIP TO CREATE A SUPPORTIVE ENVIRONMENT FOR BUSINESSES.

Program 3
Expenses: $24,784 Revenue: $32,557

BUSINESS PROMOTIONS. WE WORK TO RAISE PUBLIC AWARENESS ABOUT THE IMPORTANCE OF SUPPORTING OUR BUSINESSES THROUGH OUR NEWSLETTER, WEBSITE, SOCIAL MEDIA, SIGNAGE, AND A VARIETY OF PROGRAMS AND EVENTS...

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BUSINESS PROMOTIONS. WE WORK TO RAISE PUBLIC AWARENESS ABOUT THE IMPORTANCE OF SUPPORTING OUR BUSINESSES THROUGH OUR NEWSLETTER, WEBSITE, SOCIAL MEDIA, SIGNAGE, AND A VARIETY OF PROGRAMS AND EVENTS. THESE INCLUDE AN ONLINE RESTAURANT GUIDE, BROCHURE OF BUSINESSES WHO OFFER SENIOR DISCOUNTS, HOSTING OF FESTIVALS AND EVENTS INCLUDING HAVERTOWN HOLIDAY FESTIVAL, ANDY LEWIS 5K RUN, MOONLIGHT DINING ON THE BOULEVARD, SHOP SMALL SATURDAY, DINING CLUB AND KEEP IT LOCAL GIFT CARD.

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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 $108,163
Program Service Revenue $127,434
Investment Income $3,532
Other Revenue $43,295
TOTAL REVENUE $282,424

Expense Breakdown

Grants Paid $0
Salaries & Benefits $83,642
Fundraising Expenses $8,363
Program Expenses $144,430
Other Expenses $107,668
TOTAL EXPENSES $191,310

Year-over-Year Comparison

2023 2022 Change
Revenue $282,424 $165,108 +0.7%
Expenses $191,310 $154,398 +0.2%
Net Income $91,114 $10,710 +7.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
5
Volunteers
150

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
4
$0
Total Directors
12
$46,453
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEANNE ANGELL EXECUTIVE DI 28.00
Director
$46,453 $0 $46,453
COLETTE BANNAN BOARD MEMBER 1.00
Director
$0 $0 $0
JENN BAZYDLO BOARD MEMBER 1.00
Director
$0 $0 $0
ANGELO CAPUZZI BOARD MEMBER 1.00
Director
$0 $0 $0
JONATHAN DRUHAN PRESIDENT 1.00
Officer Director
$0 $0 $0
CHRISTINE FARIS SECRETARY 1.00
Officer Director
$0 $0 $0
DONALD KELLY BOARD MEMBER 1.00
Director
$0 $0 $0
DEREK KOFFEL VICE PRESIDE 1.00
Officer Director
$0 $0 $0
GEORGE LAVIN BOARD MEMBER 1.00
Director
$0 $0 $0
WALTER MCMAHON TREASURER 1.00
Officer Director
$0 $0 $0
ANGELA SERENSKY BOARD MEMBER 1.00
Director
$0 $0 $0
MELISSA SHAW BOARD MEMBER 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 No data No data No data No data
2023 $282,424 $191,310 $223,859 $91,114
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