Johnstown Industrial Development Corporation

Organization Overview

Johnstown Industrial Development Corporation is located in Johnstown, PA. The organization was established in 1998. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Johnstown Industrial 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 12/2022, Johnstown Industrial Development Corporation generated $193.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $433.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 8 years. 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

PROMOTION OF ECONOMIC DEVELOPMENT IN THE REGION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

INCUBATOR/JARI CENTER/RENTAL PROPERTIES- PROVIDES OFFICE SPACE TO QUALIFYING BUSINESSES AT BELOW MARKET RATES.


JOHNSTOWN BUSINESS PARK- A PROGRAM ESTABLISHED TO PURCHASE AND SUBSEQUENTLY DEVELOP LAND AS AN EXPANSION OF THE JOHNSTOWN INDUSTRIAL PARK. THIS EXPANSION LAND IS ALSO TO BE SOLD TO COMPANIES AT REASONABLE PRICES, TO ENABLE THEM TO GROW AND CREATE NEW JOBS IN THE AREA.


JOHNSTOWN INDUSTRIAL PARK, QUEMAHONING INDUSTRIAL PARK, RACP, AND THE MARSHALL RHOADES PROPERTY.


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Board, Officers & Key Employees

Name (title)Compensation
Jeffry D Cramer
Chairman
$0
Kevin Volk
Treasurer
$0
Stephen Zamias
Director
$0
Ethan Stewart
Director
$0
James Huerth
Director
$0
Ned Kendall
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $32,437
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$32,437
Total Program Service Revenue$154,785
Investment income $30
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 $193,085

Peer Organizations

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Capitol South Community Urban Redevelopment Corporation
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$13,517,756
Community Action Of South Eastern West Virginia
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$13,634,857
South Bronx Overall Economic Development Corporation
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$12,019,062
City Of Baltimore Development Corporation
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$7,592,660
Greater Jamaica Development Corp
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$7,601,973
43north Bpc Inc
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$8,181,242
Economic Development Growth Enterprises Corporation
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Rising Tide Community Loan Fund
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Pittsburgh Downtown Partnership
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$9,502,366
Newark Downtown District Management Corporation
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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
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$18,182,307
The Columbus Partnership
Columbus, OH
$9,362,677
Grow America Fund Inc
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$3,801,712

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