Lawrenceville Development Corporation
- Assets
- $2.0m
- Revenue
- $818.8k
- Investments
- $1.1m
- Employees
- 5
- Location
- Pittsburgh, PA
- Founding
- 04/1985
- Data as of
- 09/2021
- EIN
- 25-1471440
Organization Overview
Lawrenceville Development Corporation is located in Pittsburgh, PA. The organization was established in 1985. 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 09/2021, Lawrenceville Development Corporation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lawrenceville 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 09/2021, Lawrenceville Development Corporation generated $818.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $1.2m during the year ending 09/2021. While expenses have increased by 8.9% per year over the past 6 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
TO ACT AS A CATALYST AND CONDUIT FOR RESPONSIBLE GROWTH AND REINVESTMENT IN THE LAWRENCEVILLE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS DEVELOPMENT - REVITALIZING THE NEIGHBORHOOD BUSINESS DISTRICT IN LAWRENCEVILLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Byrne Connelly Executive Dir. | Officer | 40 | $91,712 |
David Tobiczyk Secretary | OfficerTrustee | 2 | $0 |
George Arendas Treasurer | OfficerTrustee | 2 | $0 |
Owen Lampe President | OfficerTrustee | 2 | $0 |
Nina Chase Vice President | OfficerTrustee | 2 | $0 |
Stephen Casey Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,204 |
| Related organizations | $0 |
| Government grants | $125,303 |
| All other contributions, gifts, grants, and similar amounts not included above | $519,450 |
| Noncash contributions included in lines 1a–1f | $1,700 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $646,957 |
| Total Program Service Revenue | $97,465 |
| Investment income | $6,874 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $65,814 |
| 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 | $818,787 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $323,705 |
| 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. | $91,712 |
| Compensation of current officers, directors, key employees. | $8,254 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $128,488 |
| Pension plan accruals and contributions | $5,862 |
| Other employee benefits | $6,165 |
| Payroll taxes | $18,942 |
| Fees for services: Management | $155 |
| 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 | $16,691 |
| Advertising and promotion | $1,935 |
| Office expenses | $8,511 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,848 |
| Travel | $1,824 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,116 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,269 |
| Insurance | $11,427 |
| All other expenses | $16,424 |
| Total functional expenses | $1,157,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $164,531 |
| Savings and temporary cash investments | $383,333 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $51,318 |
| 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 | $20,932 |
| Net Land, buildings, and equipment | $318,276 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,051,083 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,277 |
| Total assets | $2,007,750 |
| Accounts payable and accrued expenses | $68,749 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $33,776 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $63,684 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,195 |
| Total liabilities | $169,404 |
| Net assets without donor restrictions | $1,826,909 |
| Net assets with donor restrictions | $11,437 |
| 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 | $2,007,750 |
Grants Awarded
Over the last fiscal year, Lawrenceville Development Corporation has awarded $315,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Pittsburgh, PA PURPOSE: Various Community Programs | $195,000 |
Pittsburgh, PA PURPOSE: Various Community Programs | $100,000 |
Pittsburgh, PA PURPOSE: Various Community Programs | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lawrenceville Development Corporation has recieved totaling $18,874.
| Awarding Organization | Amount |
|---|---|
In Our Backyards Inc Brooklyn, NY PURPOSE: TO PROVIDE FUNDING FOR SPIRIT ROOFTOP GARDEN (PHASE 1) | $13,674 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $5,200 |
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 |