Center City District Foundation
- Assets
- $1.2m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 12/1992
- Data as of
- 12/2022
- EIN
- 23-2701217
Organization Overview
Center City District Foundation is located in Philadelphia, PA. The organization was established in 1992. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center City District Foundation 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, Center City District Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.1% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 22.1% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLINS PARK -COLLINS PARK IS A SMALL PARK IN THE HEART OF CENTER CITY AND OWNED BY THE CENTER CITY FOUNDATION AT 1707 CHESTNUT STREET. IT PROVIDES A CALMING RESPITE FROM THE DAILY HUSTLE AND BUSTLE OF THE CITY AND IS OPEN DAILY FOR EVERYONE. EXPENSES RELATE TO THE OPERATION, MAINTENANCE, AND SECURITY OF THE PARK TO ENSURE THAT IT IS CLEAN, SAFE, AND BEAUTIFUL. THE PARK, DESIGNED BY JOHN COLLINS IS CHARACTERIZED BY EXTENSIVE AND LUSH PLANTINGS, CALMING FOUNTAINS AND SEATING AREAS AND AREAS FOR PATRONS TO RELAX AND ENJOY A MEAL. THE PARK IS OPEN DAILY GENERALLY FROM 9:00 A.M. TO 5:00 P.M., AND SEASONALLY AT VARIOUS TIMES. CCDF ALSO PROGRAMS THE PARK FROM TIME TO TIME TO SHOWCASE ARTS AND ARTISTS AND THE PARK HAS BEEN A COMMUNITY GEM AND FAVORED BY RESIDENTS.
VIADUCT RAIL PARK, RAIL PARK BENEFACTOR, RAIL PARK PHASE II - THE VIADUCT RAILPARK PROJECT INCLUDING THE COMPLETED PHASE 1 AND SUBSEQUENT PHASES CURRENTLY IN THE PLANNING STAGES IS DEDICATED TO THE TRANSFORMATION OF THE DEFUNCTAND BLIGHTED FORMER READING RAILROAD VIADUCT INTO A PUBLIC OPEN GREEN SPACE FOR THE USE BY WORKERS, RESIDENTS AND VISITORS TO THE CENTER CITY PHILADELPHIA AREA. THE TRANSFORMATION OF THE DERELICT 4.5 ACRE ELEVATED READING RAIL ROAD VIADUCT IN PHILADELPHIA, RUNNING FROM 11TH AND VINE STREETS TO 9TH AND FAIRMOUNT WITH A WESTERN SPUR AT NOBLE ST. INTO A PUBLIC AMENITY AND PARK WILL HAVE A CATALYTIC IMPACT, CREATING BOTH TEMPORARY AND PERMANENT JOBS AND STIMULATING NEW COMMERCIAL AND HOUSING INVESTMENTS IN THE AREA IMMEDIATELY ADJACENT TO PHILADELPHIA'S THRIVING AND EXPANDING DOWNTOWN.
AMBASSADORS OF HOPE/HOMELESS OUTREACH - WORKS TO ADDRESS CERTAIN ON-STREET BEHAVIORAL ISSUES RELATING TO INDIVIDUALS WHO MAY BE LIVING ON THE STREET OR ASKING FOR MONEY FROM THE PUBLIC WITHIN THE BOUNDARIES OF THE CENTER CITY DISTRICT. POLICE, PROJECT HOME AND THREE FULL TIME STAFF EMPLOYEES COLLABORATE TO PROVIDE GREATER ACCESS TO TREATMENT, SERVICES, AND HOUSING FOR THE PHILADELPHIA HOMELESS COMMUNITY (THE "HOMELESS COMMUNITY"), WHILE DISCOURAGING PROHIBITED BEHAVIOR IN ORDER TO INCREASE THE QUALITY OF LIFE FOR ALL PHILADELPHIANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul R Levy Ex Officio / Executive Dir. | Officer | 10 | $0 |
Gerard H Sweeney Chairman | OfficerTrustee | 1 | $0 |
Richard Vague Secretary | OfficerTrustee | 1 | $0 |
John J Connors Director | Trustee | 1 | $0 |
Michael C Forman Director | Trustee | 1 | $0 |
Thomas Gravina Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $114,445 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $793,874 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $908,319 |
| Total Program Service Revenue | $137,756 |
| Investment income | $181 |
| 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 | $1,046,256 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $401,648 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $260,939 |
| Advertising and promotion | $6,600 |
| Office expenses | $35,320 |
| Information technology | $10,269 |
| Royalties | $0 |
| Occupancy | $7,222 |
| Travel | $30 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,112 |
| Insurance | $672 |
| All other expenses | $0 |
| Total functional expenses | $1,074,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $752,468 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $239,174 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,909 |
| Net Land, buildings, and equipment | $190,321 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,193,872 |
| Accounts payable and accrued expenses | $46,898 |
| Grants payable | $0 |
| Deferred revenue | $5,450 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $257,007 |
| Total liabilities | $309,355 |
| Net assets without donor restrictions | $634,490 |
| Net assets with donor restrictions | $250,027 |
| 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 | $1,193,872 |