East Liberty Development Incorporated
- Assets
- $14.0m
- Revenue
- $1.1m
- Investments
- $8.1m
- Employees
- 7
- Location
- Pittsburgh, PA
- Founding
- 06/1982
- Data as of
- 12/2023
- 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 12/2023, East Liberty Development Incorporated employed 7 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 12/2023, East Liberty Development Incorporated generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 9 years. 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
2023
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 | $140,754 |
William Schwab Investment Officer | Officer | 40 | $115,008 |
Scott Dillon Director Of Finance And Admin | Officer | 40 | $102,700 |
Lamarcus Thurman Member | Trustee | 1 | $0 |
Chad Restori Member | Trustee | 1 | $0 |
Rebecca Gloniger Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $185,134 |
| All other contributions, gifts, grants, and similar amounts not included above | $443,965 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $629,099 |
| Total Program Service Revenue | $52,407 |
| Investment income | $433,737 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $86,153 |
| Net Gain/Loss on Asset Sales | -$62,682 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,138,714 |
| 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. | $358,462 |
| Compensation of current officers, directors, key employees. | $189,985 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $307,153 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $202,291 |
| Payroll taxes | $51,098 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,051 |
| Fees for services: Accounting | $50,815 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $110,501 |
| Advertising and promotion | $295 |
| Office expenses | $46,863 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $74,036 |
| Travel | $27,079 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $331,005 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,021 |
| Insurance | $11,201 |
| All other expenses | $0 |
| Total functional expenses | $1,766,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $522,240 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $148,244 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,498,161 |
| Inventories for sale or use | $2,187,195 |
| Prepaid expenses and deferred charges | $16,995 |
| Net Land, buildings, and equipment | $807,592 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,118,764 |
| Investments—program-related | $0 |
| Intangible assets | $258,149 |
| Other assets | $428,394 |
| Total assets | $13,985,734 |
| Accounts payable and accrued expenses | $74,728 |
| 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 | $9,068,025 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,642,940 |
| Total liabilities | $10,785,693 |
| Net assets without donor restrictions | $2,697,717 |
| Net assets with donor restrictions | $502,324 |
| 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 | $13,985,734 |