Northeastern Economic Development Company Of Pa Cdc Inc

Organization Overview

Northeastern Economic Development Company Of Pa Cdc Inc is located in Moosic, PA. The organization was established in 2002. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Northeastern Economic Development Company Of PA Cdc Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeastern Economic Development Company Of PA Cdc Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Northeastern Economic Development Company Of PA Cdc Inc generated $278.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $250.3k during the year ending 12/2022. While expenses have increased by 0.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

ENHANCING THE AVAILABILITY OF EMPLOYMENT OPPORTUNITIES

Describe the Organization's Program Activity:

Part 3 - Line 4a

CONSULTING & UNDERWRITING SBA LOAN PROGRAMS FOR SMALL BUSINESS & NON PROFIT ORGANIZATIONS TO PROMOTE EMPLOYMENT OPPORTUNITIES WITHIN A GEOGRAPHIC AREA OF OPERATIONS


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Board, Officers & Key Employees

Name (title)Compensation
Jim Kelshaw
Vice President - Former
$98,077
William Rinaldi
President And Executive Direc
$6,370
Nicholas Parise
Director
$0
Steve Armillay
Director
$0
Raymond Angeli
Director
$0
James Worobey
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$278,511
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $278,511

Peer Organizations

Organization NameAssets
Gateway Economic Development Corporation Of Greater Cleveland
Cleveland, OH
$82,302,277
Cincinnati Center City Development Corporation
Cincinnati, OH
$48,260,098
Grameen America Inc
Jackson Heights, NY
$83,384,408
National Basketball Association Foundation
New York, NY
$31,418,969
Harristown Development Corporation
Harrisburg, PA
$18,623,535
Capitol South Community Urban Redevelopment Corporation
Columbus, OH
$13,517,756
Community Action Of South Eastern West Virginia
Bluefield, WV
$13,634,857
South Bronx Overall Economic Development Corporation
Bronx, NY
$12,019,062
City Of Baltimore Development Corporation
Baltimore, MD
$7,592,660
Greater Jamaica Development Corp
Jamaica, NY
$7,601,973
43north Bpc Inc
Buffalo, NY
$8,181,242
Economic Development Growth Enterprises Corporation
Rome, NY
$8,193,120
Rising Tide Community Loan Fund
Bethlehem, PA
$8,811,127
Pittsburgh Downtown Partnership
Pittsburgh, PA
$9,502,366
Newark Downtown District Management Corporation
Newark, NJ
$8,541,889
Buffalo & Erie County Industrial Land Development Corp
Buffalo, NY
$6,783,218
Rdc Commercial Center Inc
Brooklyn, NY
$4,484,188
Downtown Cleveland Improvementcorporation
Cleveland, OH
$5,263,381
Upper Manhattan Empowerment Zone Development Corporation
New York, NY
$5,950,446
Hester Street Collaborative Inc
New York, NY
$4,512,361
Maryland Manufacturing Service Inc
Salisbury, MD
$4,902,403
Prince Georges County Economic Development Corporation
Largo, MD
$5,105,140
Ohio Capital Finance Corporation
Columbus, OH
$18,182,307
The Columbus Partnership
Columbus, OH
$9,362,677
Grow America Fund Inc
New York, NY
$3,801,712

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