Diamond City Partnership Inc
- Assets
- $158.9k
- Revenue
- $541.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Wilkesbarre, PA
- Founding
- 12/2002
- Data as of
- 12/2021
- EIN
- 23-3094874
Organization Overview
Diamond City Partnership Inc is located in Wilkesbarre, PA. The organization was established in 2002. 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. Diamond City Partnership 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 12/2021, Diamond City Partnership Inc generated $541.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $519.8k during the year ending 12/2021. While expenses have increased by 7.3% per year over the past 7 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
DIAMOND CITY PARTNERSHIP, INC. IS WILKES-BARRE'S DOWNTOWN REVITALIZATION ORGANIZATION: THE CARETAKER OF THE COMMUNITY'S VISION FOR DOWNTOWN WILKES-BARRE. THE ORGANIZATION'S DEFINED MISSION IS TO FORM AN ALLIANCE OF ORGANIZATIONS, BUSINESSES, AND INDIVIDUALS IN ORDER TO PLAN AND IMPLEMENT REVITALIZATION STRATEGIES FOR AREAS LOCATED WITHIN THE CITY OF WILKES-BARRE, PENNSYLVANIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ASSISTANCE TO THE CITY OF WILKES-BARRE, PA, IN CLEANING CITY STREETS AND SIDEWALKS AND PROVIDING EXTRA SECURITY. THIS PROGRAM IS BEING ACCOMPLISHED BY ADMINISTERING THE CITY'S BUSINESS IMPROVEMENT DISTRICT PROGRAM.
RESIDENTIAL IMPROVEMENT PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Newman Executive Director | Officer | 40 | $93,177 |
Charles Barber Treasurer | OfficerTrustee | 1 | $0 |
Stephen M Barrouk Chair | OfficerTrustee | 1 | $0 |
Ted Wampole Vice Chair | OfficerTrustee | 1 | $0 |
James Casey Secretary | OfficerTrustee | 1 | $0 |
Anne Rodella Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $73,178 |
| All other contributions, gifts, grants, and similar amounts not included above | $142,376 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $215,554 |
| Total Program Service Revenue | $326,332 |
| 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 | $541,886 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $71,473 |
| 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. | $93,177 |
| Compensation of current officers, directors, key employees. | $38,087 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $3,032 |
| Other employee benefits | $0 |
| Payroll taxes | $7,497 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,596 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $66,533 |
| Advertising and promotion | $15,077 |
| Office expenses | $7,153 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,138 |
| Travel | $3,500 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,833 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $956 |
| Insurance | $3,780 |
| All other expenses | $2,685 |
| Total functional expenses | $519,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,852 |
| Savings and temporary cash investments | $8,843 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $86,429 |
| 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 | $0 |
| Net Land, buildings, and equipment | $4,728 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $158,852 |
| Accounts payable and accrued expenses | $22,135 |
| Grants payable | $0 |
| Deferred revenue | $120 |
| 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 | $43,059 |
| Other liabilities | $0 |
| Total liabilities | $65,314 |
| Net assets without donor restrictions | $77,000 |
| Net assets with donor restrictions | $16,538 |
| 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 | $158,852 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Diamond City Partnership Inc has recieved totaling $30,718.
| Awarding Organization | Amount |
|---|---|
The Luzerne Foundation Wilkesbarre, PA PURPOSE: PROGRAM SUPPORT | $10,718 |
Willary Foundation Scranton, PA PURPOSE: GENERAL OPERATING | $10,000 |
Ppl Foundation Allentown, PA PURPOSE: PROGRAM SUPPORT | $5,000 |
Sordoni Family Foundation Forty Fort, PA PURPOSE: COLLEGE AMBASSADOR PILOT PROGRAM | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Urban Affairs Coalition Philadelphia, PA | $25,704,306 | $97,554,481 |
Brooklyn Navy Yard Development Corporation Brooklyn, NY | $543,633,704 | $68,378,369 |
Cent For Urban Community Svcs New York, NY | $78,734,129 | $72,768,234 |
4mycity Inc Taneytown, MD | $269,763 | $70,588,044 |
The Community Preservation Corporation New York, NY | $1,407,109,282 | $65,839,600 |
Columbia Association Inc Columbia, MD | $168,635,825 | $73,239,829 |
Impact Community Action Columbus, OH | $17,964,278 | $51,062,093 |
Kennedy Krieger Education And Community Services Inc Baltimore, MD | $14,340,565 | $48,121,720 |
Mosaic Community Services Inc Timonium, MD | $34,184,592 | $47,201,258 |
Westchester Community Opportunity Program Inc Elmsford, NY | $7,932,264 | $37,716,573 |
Reinvestment Fund Inc Philadelphia, PA | $609,259,384 | $44,624,452 |
St Nicks Alliance Corp Brooklyn, NY | $44,353,994 | $35,596,992 |