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Northeastern Economic Development Company Of Pa Cdc Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Urban, Community Economic Development (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$247k (2023)

Expenses
$251k (2023)

Total Assets
$102k (2023)

Total Liabilities
$56.5k (2023)

Source: Form 990 tax filings from 2010 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$247,257
Expenses
$250,761
Net Income
-$3,504
Net Assets
$45,223
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,000
1.6%
Program Services $243,257
98.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $50,000
19.9%
Professional Fundraising Fees $0
Other Salaries and Wages $52,280
20.8%
Assets/Debt
Total Assets $101,735
Total Liabilities $56,512
Net Assets $45,223
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
William Rinaldi (President And Executive Direc) $50,000 $0 $0
Steve Armillay (Director) $0 $0 $0
Raymond Angeli (Director) $0 $0 $0
Mark Bennett (Director) $0 $0 $0
Nicholas Parise (Director) $0 $0 $0
James Worobey (Director) $0 $0 $0
Paul Walsh (Director) $0 $0 $0
Joseph Riviello (Director) $0 $0 $0
Joseph Comerota (Director) $0 $0 $0
William Boyle (Director) $0 $0 $0
John Ford (Director) $0 $0 $0
Kimberly Santarsierc (Director) $0 $0 $0
William Giovagnoli (Secretary) $0 $0 $0
Allan Swantek (Assistant Secretary) $0 $0 $0
Thomas Rainey (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$278,511
Expenses
$250,347
Net Income
$28,164
Net Assets
$48,727
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $278,511
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $114,398
45.7%
Professional Fundraising Fees $0
Other Salaries and Wages $49,141
19.6%
Assets/Debt
Total Assets $119,925
Total Liabilities $71,198
Net Assets $48,727
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jim Kelshaw (Vice President Former) $98,077 $0 $9,951
William Rinaldi (President And Executive Direc) $6,370 $0 $0
Nicholas Parise (Director) $0 $0 $0
Steve Armillay (Director) $0 $0 $0
Raymond Angeli (Director) $0 $0 $0
James Worobey (Director) $0 $0 $0
Paul Walsh (Director) $0 $0 $0
Joseph Riviello (Director) $0 $0 $0
Mark Bennett (Director) $0 $0 $0
Joseph Comerota (Director) $0 $0 $0
William Boyle (Director) $0 $0 $0
John Ford (Director) $0 $0 $0
Kimberly Santarsierc (Director) $0 $0 $0
William Giovagnoli (Secretary) $0 $0 $0
Allan Swantek (Assistant Secretary) $0 $0 $0
Thomas Rainey (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$270,828
Expenses
$265,258
Net Income
$5,570
Net Assets
$20,563
Notable Sources of Revenue Percent of Total Revenue
Contributions $10,050
3.7%
Program Services $260,778
96.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $140,665
53.0%
Professional Fundraising Fees $0
Other Salaries and Wages $41,457
15.6%
Assets/Debt
Total Assets $41,265
Total Liabilities $20,702
Net Assets $20,563
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jim Kelshaw (Executive Directorvice Presi) $125,000 $0 $8,934
William Rinaldi (President) $6,370 $0 $0
Steve Armillay (Director) $0 $0 $0
Raymond Angeli (Director) $0 $0 $0
Mark Bennett (Director) $0 $0 $0
Nicholas Parise (Director) $0 $0 $0
James Worobey (Director) $0 $0 $0
Paul Walsh (Director) $0 $0 $0
Joseph Riviello (Director) $0 $0 $0
Joseph Comerota (Director) $0 $0 $0
William Boyle (Director) $0 $0 $0
John Ford (Director) $0 $0 $0
Kimberly Santarsierc (Director) $0 $0 $0
William Giovagnoli (Secretary) $0 $0 $0
Allan Swantek (Assistant Secretary) $0 $0 $0
Thomas Rainey (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$228,507
Expenses
$238,829
Net Income
-$10,322
Net Assets
$14,993
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $228,507
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $132,356
55.4%
Professional Fundraising Fees $0
Other Salaries and Wages $10,458
4.4%
Assets/Debt
Total Assets $34,347
Total Liabilities $19,354
Net Assets $14,993
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jim Kelshaw (Executive Directorvice Presi) $126,686 $0 $9,797
William Rinaldi (President) $5,670 $0 $18,368
Steve Armillay (Director) $0 $0 $0
Raymond Angeli (Director) $0 $0 $0
Mark Bennett (Director) $0 $0 $0
Nicholas Parise (Director) $0 $0 $0
James Worobey (Director) $0 $0 $0
Paul Walsh (Director) $0 $0 $0
Joseph Riviello (Director) $0 $0 $0
Joseph Comerota (Director) $0 $0 $0
William Boyle (Director) $0 $0 $0
John Ford (Director) $0 $0 $0
Kimberly Santarsierc (Director) $0 $0 $0
William Giovagnoli (Secretary) $0 $0 $0
Allan Swantek (Assistant Secretary) $0 $0 $0
Thomas Rainey (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$215,625
Expenses
$239,935
Net Income
-$24,310
Net Assets
$25,315
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $215,625
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $130,363
54.3%
Professional Fundraising Fees $0
Other Salaries and Wages $11,796
4.9%
Assets/Debt
Total Assets $46,725
Total Liabilities $21,410
Net Assets $25,315
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jim Kelshaw (Executive Directorvice Presi) $125,000 $0 $8,909
William Rinaldi (President) $5,363 $0 $18,735
William Giovagnoli (Secretary) $0 $0 $0
Allan Swantek (Assistant Secretary) $0 $0 $0
Thomas Rainey (Treasurer) $0 $0 $0
William Boyle (Director) $0 $0 $0
Joseph Comerota (Director) $0 $0 $0
Kimberly Santarsierc (Director) $0 $0 $0
John Ford (Director) $0 $0 $0
Mark Bennett (Director) $0 $0 $0
Raymond Angeli (Director) $0 $0 $0
Steve Armillay (Director) $0 $0 $0
Nicholas Parise (Director) $0 $0 $0
Joseph Riviello (Director) $0 $0 $0
Paul Walsh (Director) $0 $0 $0
James Worobey (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$218,601
Expenses
$234,400
Net Income
-$15,799
Net Assets
$49,625
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $218,601
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $131,370
56.0%
Professional Fundraising Fees $0
Other Salaries and Wages $11,178
4.8%
Assets/Debt
Total Assets $68,743
Total Liabilities $19,118
Net Assets $49,625
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jim Kelshaw (Executive Directorvice Presi) $125,000 $0 $7,503
William Rinaldi (President) $6,370 $0 $16,968
William Giovagnoli (Secretary) $0 $0 $0
Allan Swantek (Assistant Secretary) $0 $0 $0
Thomas Rainey (Treasurer) $0 $0 $0
William Boyle (Director) $0 $0 $0
Joseph Comerota (Director) $0 $0 $0
Kimberly Santarsierc (Director) $0 $0 $0
John Ford (Director) $0 $0 $0
Mark Bennett (Director) $0 $0 $0
Raymond Angeli (Director) $0 $0 $0
Steve Armillay (Director) $0 $0 $0
Nicholas Parise (Director) $0 $0 $0
Joseph Riviello (Director) $0 $0 $0
Paul Walsh (Director) $0 $0 $0
James Worobey (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$231,605
Expenses
$248,567
Net Income
-$16,962
Net Assets
$65,424
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $225,541
97.4%
Investment Income $6,064
2.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $127,205
51.2%
Professional Fundraising Fees $0
Other Salaries and Wages $13,233
5.3%
Assets/Debt
Total Assets $85,828
Total Liabilities $20,404
Net Assets $65,424
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
James Kelshaw (Executive Director) $125,000 $0 $9,853
William Rinaldi (President) $2,205 $0 $7,851
William Giovagnoli (Secretary) $0 $0 $0
Thomas Rainey (Treasurer) $0 $0 $0
Paul Walsh (Director) $0 $0 $0
William Boyle (Director) $0 $0 $0
Jay Comerota (Director) $0 $0 $0
Allan Swantek (Assistant Secretary) $0 $0 $0
Kimberly Santarsiero (Director) $0 $0 $0
John Ford (Director) $0 $0 $0
Mark Bennet (Director) $0 $0 $0
Raymond Angeli (Director) $0 $0 $0
Steve Armillay (Director) $0 $0 $0
Nicholas Parise (Director) $0 $0 $0
Joseph Riviello (Director) $0 $0 $0
James Worobey (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$244,506
Expenses
$202,961
Net Income
$41,545
Net Assets
$82,386
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $239,520
98.0%
Investment Income $4,986
2.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $33,654
16.6%
Professional Fundraising Fees $0
Other Salaries and Wages $49,311
24.3%
Assets/Debt
Total Assets $118,684
Total Liabilities $36,298
Net Assets $82,386

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$214,788
Expenses
$234,984
Net Income
-$20,196
Net Assets
$40,841
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $204,972
95.4%
Investment Income $16
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $9,800
4.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $19,774
8.4%
Professional Fundraising Fees $0
Other Salaries and Wages $85,288
36.3%
Assets/Debt
Total Assets $63,689
Total Liabilities $22,848
Net Assets $40,841

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$239,600
Expenses
$221,199
Net Income
$18,401
Net Assets
$61,037
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $236,530
98.7%
Investment Income $3,070
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $34,426
15.6%
Professional Fundraising Fees $0
Other Salaries and Wages $51,638
23.3%
Assets/Debt
Total Assets $80,340
Total Liabilities $19,303
Net Assets $61,037

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$150,983
Expenses
$245,966
Net Income
-$94,983
Net Assets
$42,641
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $149,279
98.9%
Investment Income $1,704
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $32,692
13.3%
Professional Fundraising Fees $0
Other Salaries and Wages $49,152
20.0%
Assets/Debt
Total Assets $59,592
Total Liabilities $16,951
Net Assets $42,641

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$263,093
Expenses
$271,229
Net Income
-$8,136
Net Assets
$137,624
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $246,356
93.6%
Investment Income $4,737
1.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $12,000
4.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $150,000
55.3%
Professional Fundraising Fees $0
Other Salaries and Wages $57,306
21.1%
Assets/Debt
Total Assets $158,418
Total Liabilities $20,794
Net Assets $137,624

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$247,453
Expenses
$280,512
Net Income
-$33,059
Net Assets
$145,760
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $237,233
95.9%
Investment Income $4,220
1.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,000
2.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $207,603
74.0%
Assets/Debt
Total Assets $166,875
Total Liabilities $21,115
Net Assets $145,760

Document Links

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$30,797
Expenses
$291,861
Net Income
-$322,658
Net Assets
$178,592
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $221,056
Investment Income $364
Bond Proceeds $0
Royalties $0
Rental Property Income $27,621
Net Fundraising $0
Sales of Assets -$481,562
Net Inventory Sales $0
Other Revenue $201,724
Notable Expenses Percent of Total Expenses
Executive Compensation $209,135
71.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $187,398
Total Liabilities $8,806
Net Assets $178,592

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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