Roxborough Development Corporation
- Assets
- $1.6m
- Revenue
- $833.1k
- Investments
- $0.0
- Employees
- 50
- Location
- Philadelphia, PA
- Founding
- 08/2000
- Data as of
- 06/2022
- EIN
- 23-2705347
Organization Overview
Roxborough Development Corporation is located in Philadelphia, PA. The organization was established in 2000. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Roxborough Development Corporation employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roxborough Development Corporation 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 06/2022, Roxborough Development Corporation generated $833.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $737.4k during the year ending 06/2022. While expenses have increased by 3.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE ECONOMIC DEVELOPMENT IN THE ROXBOROUGH COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP AND IMPROVE THE ECONOMIC GROWTH OF THE ROXBOROUGH COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Devigne Executive Director | Officer | 40 | $68,000 |
Jo Ann Desper President | OfficerTrustee | 1 | $0 |
Brian Corcodilos Vice President | OfficerTrustee | 1 | $0 |
Matt Belz Treasurer | OfficerTrustee | 1 | $0 |
David Plante Board Member | Trustee | 1 | $0 |
Andrew Langsam Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,000 |
| Investment income | $28 |
| 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 | $833,065 |
| Statement of Expenses | |
|---|---|
| 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. | $163,242 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,000 |
| Pension plan accruals and contributions | $9,425 |
| Other employee benefits | $0 |
| Payroll taxes | $20,772 |
| Fees for services: Management | $3,958 |
| Fees for services: Legal | $7,353 |
| Fees for services: Accounting | $12,284 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $54,192 |
| Office expenses | $16,883 |
| Information technology | $1,721 |
| Royalties | $0 |
| Occupancy | $36,432 |
| Travel | $525 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $218 |
| Interest | $3,444 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,100 |
| Insurance | $12,549 |
| All other expenses | $0 |
| Total functional expenses | $737,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $276,921 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,000 |
| Accounts receivable, net | $79,902 |
| 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 | $9,506 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,700 |
| Total assets | $1,631,437 |
| Accounts payable and accrued expenses | $124,855 |
| Grants payable | $0 |
| Deferred revenue | $41,416 |
| 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 | $0 |
| Total liabilities | $166,271 |
| Net assets without donor restrictions | $1,465,166 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,465,166 |