New Kensington Community Development Corp
- Assets
- $10.6m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 60
- Location
- Philadelphia, PA
- Founding
- 07/1985
- Data as of
- 06/2021
- EIN
- 22-2610536
Organization Overview
New Kensington Community Development Corp is located in Philadelphia, PA. The organization was established in 1985. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, New Kensington Community Development Corp employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Kensington Community Development Corp 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 06/2021, New Kensington Community Development Corp generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $3.1m during the year ending 06/2021. While expenses have increased by 6.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SUPPLEMENT SCHEDULE
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SUPPLEMENT SCHEDULE
SEE SUPPLEMENT SCHEDULE
SEE SUPPLEMENT SCHEDULE
SEE SUPPLEMENT SCHEDULE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beatrice Rider Executive Director (former) | Officer | 40 | $98,322 |
Andrew Stachelek Finance Director (former) | Officer | 40 | $73,531 |
William Mckinney Executive Director | Officer | 40 | $16,015 |
Dani Howard Finance Director | Officer | 40 | $0 |
See Schedule Attached Board Members | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,204,496 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,537,951 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,742,447 |
| Total Program Service Revenue | $110,405 |
| Investment income | $44,601 |
| 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 | $4,201,453 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $205,577 |
| Compensation of current officers, directors, key employees. | $1,055 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,612,414 |
| Pension plan accruals and contributions | $23,630 |
| Other employee benefits | $186,674 |
| Payroll taxes | $162,749 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,152 |
| Fees for services: Accounting | $19,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $29,495 |
| Information technology | $6,989 |
| Royalties | $0 |
| Occupancy | $41,399 |
| Travel | $697 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,714 |
| Interest | $55,789 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,367 |
| Insurance | $39,676 |
| All other expenses | $6,031 |
| Total functional expenses | $3,123,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,012,709 |
| Savings and temporary cash investments | $1,365,606 |
| Pledges and grants receivable | $1,085,988 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,412,620 |
| Inventories for sale or use | $1,573,008 |
| Prepaid expenses and deferred charges | $34,825 |
| Net Land, buildings, and equipment | $1,741,483 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,389,589 |
| Total assets | $10,615,828 |
| Accounts payable and accrued expenses | $283,695 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,541,851 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $693,312 |
| Total liabilities | $3,518,858 |
| Net assets without donor restrictions | $5,965,792 |
| Net assets with donor restrictions | $1,131,178 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,615,828 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that New Kensington Community Development Corp has recieved totaling $134,042.
| Awarding Organization | Amount |
|---|---|
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $68,296 |
Philadelphia Foundation Philadelphia, PA PURPOSE: CAPACITY BUILDING | $25,000 |
Rails To Trails Conservancy Washington, DC PURPOSE: TRAIL DEVELOPMENT | $20,000 |
Claneil Foundation Inc Plymouth Meeting, PA PURPOSE: GENERAL OPERATING | $7,500 |
Friends Fiduciary Corporation Philadelphia, PA PURPOSE: NEC EMERGENCY OIL | $5,700 |
Wsfs Foundation Wilmington, DE PURPOSE: AFFORDABLE HOUSING | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Circle Incorporated Cleveland, OH | $134,622,719 | $18,118,457 |
Economic Opportunity Council Of Suffolk Inc Patchogue, NY | $6,210,341 | $18,971,000 |
Usw District 10 Local 286 Welfare Trust Fund Philadelphia, PA | $8,668,111 | $17,307,586 |
Integrated Community Alternatives Network Inc Utica, NY | $14,279,832 | $19,265,883 |
Northern Manhattan Improvement Corp New York, NY | $8,451,430 | $18,004,122 |
Economic And Community Development Institute Inc Columbus, OH | $78,355,876 | $19,971,101 |
Pennreach Allentown, NJ | $5,187,786 | $15,924,501 |
Chautauqua Opportunities Inc Dunkirk, NY | $6,065,142 | $15,802,051 |
Garrett County Maryland Community Action Committee Inc Oakland, MD | $23,823,939 | $14,024,119 |
Commission On Economic Opportunity For The Rensselaer County Area Inc Troy, NY | $18,234,515 | $14,616,169 |
Strong City Baltimore Baltimore, MD | $3,607,626 | $14,803,870 |
Phipps Neighborhoods Inc New York, NY | $46,342,034 | $30,198,997 |