East Liberty Development Incorporated
- Assets
- $16.9m
- Revenue
- $1.2m
- Investments
- $7.6m
- Employees
- 8
- Location
- Pittsburgh, PA
- Founding
- 06/1982
- Data as of
- 12/2021
- EIN
- 25-1370668
Organization Overview
East Liberty Development Incorporated is located in Pittsburgh, PA. The organization was established in 1982. 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. As of 12/2021, East Liberty Development Incorporated employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Liberty Development Incorporated 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, East Liberty Development Incorporated generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. 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
COMMUNITY DEVELOPMENT TO FOSTER REVITALIZATION OF EAST LIBERTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT AND IMPLEMENTATION OF PLANS TO PROVIDE AFFORDABLE HOUSES AND COMMERICAL REAL ESTATE IN CONJUNCTION WITH COMMUNITY BASED STRATEGIES IN THE EAST LIBERTY AREA OF PITTSBURGH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maelene J Myers Executive Director | Officer | 40 | $133,152 |
William Schwab Investment Officer | Officer | 40 | $114,008 |
Scott Dillon Director Of Finance And Admin | Officer | 40 | $95,928 |
Lenore Williams Vice-President | OfficerTrustee | 1 | $0 |
Patrice Fowler-Searcy President | OfficerTrustee | 1 | $0 |
Jack Pelles Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $141,670 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,275 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $146,945 |
| Total Program Service Revenue | $69,098 |
| Investment income | $223,570 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,234 |
| Net Gain/Loss on Asset Sales | $753,914 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,222,261 |
| 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. | $343,088 |
| Compensation of current officers, directors, key employees. | $181,837 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $338,679 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $260,528 |
| Payroll taxes | $78,669 |
| 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 | $155,634 |
| Advertising and promotion | $236 |
| Office expenses | $48,149 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $101,093 |
| Travel | $12,673 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $89,621 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $76,770 |
| Insurance | $10,349 |
| All other expenses | $0 |
| Total functional expenses | $2,652,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,106,891 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $33,704 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,263,545 |
| Inventories for sale or use | $3,372,466 |
| Prepaid expenses and deferred charges | $19,962 |
| Net Land, buildings, and equipment | $961,702 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,600,115 |
| Investments—program-related | $0 |
| Intangible assets | $467,265 |
| Other assets | $26,620 |
| Total assets | $16,852,270 |
| Accounts payable and accrued expenses | $146,586 |
| 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 | $11,036,423 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,068,522 |
| Total liabilities | $12,251,531 |
| Net assets without donor restrictions | $4,435,739 |
| Net assets with donor restrictions | $165,000 |
| 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 | $16,852,270 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that East Liberty Development Incorporated has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Laura And Jason Rock Family Foundation Pittsburgh, PA PURPOSE: GRANT FOR FISCALLY SPONSORED PROJECT OF TAMMY THOMPSON. | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Circle Incorporated Cleveland, OH | $134,622,719 | $18,118,457 |
Economic Opportunity Council Of Suffolk Inc Patchogue, NY | $6,210,341 | $18,971,000 |
Usw District 10 Local 286 Welfare Trust Fund Philadelphia, PA | $8,668,111 | $17,307,586 |
Integrated Community Alternatives Network Inc Utica, NY | $14,279,832 | $19,265,883 |
Northern Manhattan Improvement Corp New York, NY | $8,451,430 | $18,004,122 |
Economic And Community Development Institute Inc Columbus, OH | $78,355,876 | $19,971,101 |
Pennreach Allentown, NJ | $5,187,786 | $15,924,501 |
Chautauqua Opportunities Inc Dunkirk, NY | $6,065,142 | $15,802,051 |
Garrett County Maryland Community Action Committee Inc Oakland, MD | $23,823,939 | $14,024,119 |
Commission On Economic Opportunity For The Rensselaer County Area Inc Troy, NY | $18,234,515 | $14,616,169 |
Strong City Baltimore Baltimore, MD | $3,607,626 | $14,803,870 |
Phipps Neighborhoods Inc New York, NY | $46,342,034 | $30,198,997 |