Greensburg Community Development Corporation
- Assets
- $101.7k
- Revenue
- $232.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Greensburg, PA
- Founding
- 11/1974
- Data as of
- 12/2021
- EIN
- 23-7345272
Organization Overview
Greensburg Community Development Corporation is located in Greensburg, PA. The organization was established in 1974. 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. Greensburg Community 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 12/2021, Greensburg Community Development Corporation generated $232.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $313.4k during the year ending 12/2021. While expenses have increased by 13.1% 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
ASSIST THE CITY OF GREENSBURG, BUSINESSES, INSTITUTIONS, AND ORGANIZATIONS IN THE DEVELOPMENT AND IMPLEMENTATION OF PLANS AND PROGRAMS ENCOMPASSING TOTAL COMMUNITY DEVELOPMENT, BEGINNING IN THE CORE AREA AND FOCUSED WITHIN THE GEOGRAPHICAL BOUNDARIES OF THE CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FACADE IMPROVEMENT GRANT PROGRAM THE CITY OF GREENSBURG SECURED THE PROGRAM FUND FROM THE PA DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT AND CONTRACTED THE GREENSBURG COMMUNITY DEVELOPMENT CORPORATION FOR THE ADMINISTRATION AND PROMOTIONS OF THE FACADE IMPROVEMENT GRANT PROGRAM. THE OBJECTIVE OF THE FACADE IMPROVEMENT GRANT PROGRAM IS TO ENCOURAGE A BUSINESS OR COMMERCIAL PROPERTY OWNER TO RENOVATE THE STOREFRONT OR BUILDING FACADE BY PROVIDING A MATCHING GRANT ($5,000 MAXIMUM GRANT PER PROJECT). THE GCDC PROMOTES THE FACADE IMPROVEMENT GRANT PRORAM TO PROPERTY AND BUSINESS OWNERS VIA A DIRECT MAIL BROCHURE, PRESS RELEASES TO LOCAL MEDIA, AND ARTICLES IN THE ORGANIZATION'S NEWSLETTER. INFORMATION MEETINGS ARE SCHEDULED EACH YEAR TO DESCRIBE THE APPLICATION PROCESS AND TO ANSWER QUESTIONS FROM PROSPECTIVE APPLICANTS. THE GCDC ASSISTS APPLICANTS WITH THE COMPLETION OF THE GRANT APPLICAITON, CONFIRMS SUCCESSFUL COMPLETION OF THE RENOVATION PROJECT, ENSURES THE PROGRAM GUIDELINES ARE FOLLOWED BY THE APPLICANT, AND CLOSES THE APPLICATION BY PAYING THE GRANT FUNDS TO THE APPLICANT.
LERTA/G-FUND PROGRAM UTILIZES THE PENNSYLVANIA LOCAL ECONOMIC REVITALIZATION TAX ASSISTANCE ACT PROGRAM AS A CREATIVE WAY TO IMPLEMENT STRATEGIC FINANCIAL OPPORTUNITIES TO DRIVE REVITALIZATION
THINK GREENSBURG THE GREENSBURG COMMUNITY DEVELOPMENT COPORATION HAS THREE PRIORITIES: EXPANDING CULTURAL AND SHOPPING DISTRICT OFFERINGS, INCREASING PRIVATE AND PUBLIC INVESTMENT WITHIN THE DOWNTOWN AREA, AND STRENGTHENING GREENSBURG'S NEIGHBORHOODS. ASSISTING COMMERCIAL PROPERTY DEVELOPERS, INVESTORS, BUSINESS OWNERS, ENTREPRENEURS, NONPROFIT ORGANIZATIONS AND INDIVIDUALS TO MAKE SUCCESSFUL, PRODUCTIVE INVESTMENTS IN THE CITY OF GREENSBURG. THE ORGANIZATION ALSO PROVIDES A BROAD RANGE OF SERVICES FROM GENERAL COMMUNITY INFORMATION TO AN ONLINE LISTING OF APARTMENT AND RENTAL HOUSES. IT ALSO PROVIDES COMMERCIAL PROPERTY LISTINGS FOR PURCHASE OR LEASE AND CAN ASSIST WITH IDENTIFYING BOTH PRIVATE AND PUBLIC FUNDING SOURCES FOR BOTH BUSINESS START-UP AND COMMERCIAL PROPERTY PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Anzovino President | OfficerTrustee | 2 | $0 |
Scott Avolio Vice President | OfficerTrustee | 2 | $0 |
Recebcca Davidson Treasurer | OfficerTrustee | 2 | $0 |
Regina Beatty Secretary | OfficerTrustee | 2 | $0 |
Jonathan Reese Past President | Trustee | 1.5 | $0 |
Karl Eisaman Board Member | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $127,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $58,688 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $186,188 |
| Total Program Service Revenue | $36,565 |
| 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 | $9,240 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $232,023 |
| 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. | $47,250 |
| Compensation of current officers, directors, key employees. | $14,175 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,916 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,626 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,200 |
| Advertising and promotion | $8,630 |
| Office expenses | $3,198 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,237 |
| Travel | $0 |
| 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 | $412 |
| Insurance | $2,353 |
| All other expenses | $227,677 |
| Total functional expenses | $313,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,819 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,638 |
| 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 | $425 |
| Net Land, buildings, and equipment | $295 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $550 |
| Total assets | $101,727 |
| Accounts payable and accrued expenses | $584 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $584 |
| Net assets without donor restrictions | $41,067 |
| Net assets with donor restrictions | $60,076 |
| 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 | $101,727 |