Millvale Borough Development Corporation
- Assets
- $875.6k
- Revenue
- $190.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 10/1999
- Data as of
- 12/2021
- EIN
- 25-1823770
Organization Overview
Millvale Borough Development Corporation is located in Pittsburgh, PA. The organization was established in 1999. 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. Millvale Borough 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, Millvale Borough Development Corporation generated $190.5k 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 (12.1%) each year. All expenses for the organization totaled $127.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (17.5%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STABILIZE AND REVITALIZE MILLVALE'S NEIGHBORHOODS, THROUGH THE DEVELOPMENT OF HOUSING, BUSINESSES, AND SKILLS OF INDIVIDUALS. THE CORPORATION RECOGNIZES THE COLLABORATION OF THE DIVERSE TALENTS AND SKILLS OF PEOPLE WITHIN THE COMMUNITY AS AN INTEGRAL PART OF THE PROCESS. THE CORPORATION CAN SERVE AS A CONDUIT TO OPERATE AUXILIARY PROGRAMS THAT FOSTER THE CORPORATION'S PURPOSE AND GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. TO MOBILIZE THE RESOURCES AVAILABLE IN THE COMMUNITY, BOTH PUBLIC AND PRIVATE AGENCY AND INDIVIDUAL, IN SUPPORT OF ECONOMIC GROWTH AND REVITALIZATION IN THE BOROUGH OF MILLVALE.2. TO DISSEMINATE INFORMATION OF AND PROMOTE INTEREST IN THE PRESERVATION, HISTORY, CULTURE, AND ARCHITECTURE IN THE BOROUGH OF MILLVALE.3. TO IMPLEMENT PROGRAMS TO ADDRESS THE SOCIAL, ECONOMIC, EDUCATIONAL, AND DEVELOPMENTAL NEEDS OF THE CITIZENS OF THE BOROUGH OF MILLVALE.4. TO SUPPORT PROJECTS TO REVITALIZE BUSINESS DISTRICTS AND NEIGHBORHOODS.5. TO ADVISE AND ACQUAINT THE PUBLIC AND COMMUNITY BASED NON-PROFITS ON THE COMMUNITY AND ECONOMIC DEVELOPMENT PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maya Guerin Board Member | Trustee | 10 | $19,349 |
Jaime Renda President | OfficerTrustee | 10 | $0 |
Brian Wolovich Vice-President | OfficerTrustee | 10 | $0 |
Melissa Mason Secretary | OfficerTrustee | 10 | $0 |
Emily Potoczny Treasurer | OfficerTrustee | 10 | $0 |
Jackie Geiss Board Member | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $122,622 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,337 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $173,959 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $53,911 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$37,399 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $190,471 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,775 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,818 |
| Travel | $789 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $91 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,873 |
| Insurance | $9,359 |
| All other expenses | $28,872 |
| Total functional expenses | $126,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,356 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $836,227 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $875,583 |
| Accounts payable and accrued expenses | $0 |
| 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 | $253,822 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $253,822 |
| Net assets without donor restrictions | $621,761 |
| Net assets with donor restrictions | $0 |
| 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 | $875,583 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Millvale Borough Development Corporation has recieved totaling $22,450.
| Awarding Organization | Amount |
|---|---|
Neighboorhood Allies Inc Pittsburgh, PA PURPOSE: INVESTMENT IN NEIGHBORHOOD BASED COMMUNITY IMPROVEMENT ACTIVITIES | $15,000 |
American Heart Association Inc Dallas, TX PURPOSE: COMMUNITY NUTRITION | $7,450 |
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 |