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Pidc Local Development Corporation

Organization summary

Type of Nonprofit

Designated as a Civic leagues, social welfare organizations and local associations of employees, created to promote community welfare for charitable, educational or recreational purposes.

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

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$9.74M (2023)

Expenses
$28.8M (2023)

Total Assets
$204M (2023)

Total Liabilities
$130M (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
$9,742,512
Expenses
$28,799,420
Net Income
-$19,056,908
Net Assets
$73,250,325
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,050,625
21.0%
Program Services $4,896,014
50.3%
Investment Income $2,643,429
27.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $152,444
1.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $203,539,067
Total Liabilities $130,288,742
Net Assets $73,250,325
Compensation
Key Employees and Officers Compensation Related Other
Salvatore J Patti (Chair) $0 $0 $0
Andrea Allon (Vice Chair) $0 $0 $0
Kevin R Boyle (Secretary) $0 $0 $0
Miguel Alban (Director) $0 $0 $0
Tumar Alexander (Director) $0 $0 $0
Emily Bittenbender (Director) $0 $0 $0
Craig Carnaroli (Director) $0 $0 $0
Dominique Casimir (Director) $0 $0 $0
Diana Cortes Esquire (Director) $0 $0 $0
Fred Cosenza (Director) $0 $0 $0
Honorable Curtis Jones Jr (Director) $0 $0 $0
Honorable Darrell L Clarke (Director) $0 $0 $0
Rob Dubow (Director) $0 $0 $0
Anne Fadullon (Director) $0 $0 $0
Reginald C Fuller Iii (Director) $0 $0 $0
Jay Goldstein (Director) $0 $0 $0
Jovan Goldstein (Director) $0 $0 $0
Lee Huang Mpa (Director) $0 $0 $0
Honorable James F Kenney (Director) $0 $0 $0
Leroy Jones (Director) $0 $0 $0
Brian T Keech (Director) $0 $0 $0
Honorable Kenyatta Johnson (Director) $0 $0 $0
Juan Lopez (Director) $0 $0 $0
Suzanne S Mayes Esq (Director) $0 $0 $0
Elizabeth Murphy (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,504,902
Expenses
$2,485,824
Net Income
$9,019,078
Net Assets
$92,307,233
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,294,137
46.0%
Program Services $5,071,344
44.1%
Investment Income $782,595
6.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $356,826
3.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $223,227,512
Total Liabilities $130,920,279
Net Assets $92,307,233
Compensation
Key Employees and Officers Compensation Related Other
Anne Nevins (President) $0 $385,608 $19,111
Sam Rhoads (Svp Executive Vp) $0 $276,695 $59,120
Thomas Queenan (Treasurer/Svp Coo (Thru 6/22)) $0 $272,185 $57,562
Thomas Dalfo (Svp Real Estate Services) $0 $220,660 $57,808
Ilene Burak (Svp Legal Counsel) $0 $253,286 $59,033
Kathleen Mcnamara (Svp Navy Yard) $0 $228,670 $14,804
Marla Hamilton (Svp Client Engagement) $0 $215,013 $57,423
Tiffany Canady (Asst Secretary, Svp Cfo) $0 $220,660 $57,507
Shayne Moore (Svp Information Technology) $0 $199,573 $5,304
Christopher Chaplin (Vice President, Portfolio Management) $0 $187,510 $45,120
Nicole Hennessy (Vice President. Controller) $0 $184,274 $43,861
Jennifer Lucas Crowthers (Svp Capitalization & Impact) $0 $165,129 $58,571
Anya Davis (Vice President And Assist General Counsel) $0 $163,949 $56,005
Angie Fredrickson (Vp Real Estate Services) $0 $151,975 $5,678
Monica Trudeau (Senior Project Manager) $0 $140,285 $21,275
Cassie Gardner (Exe. Assi. To The President) $0 $95,416 $42,380
Salvatore J Patti (Chair) $0 $0 $0
Andrea R Allon (Vice Chair) $0 $0 $0
Kevin R Boyle (Secretary) $0 $0 $0
Tumar Alexander (Director) $0 $0 $0
Craig R Carnaroli (Director) $0 $0 $0
Dominique Casimir (Director) $0 $0 $0
Honorable Darrell L Clarke (Director) $0 $0 $0
Diana P Cortes Esq (Director) $0 $0 $0
Fred Cosenza (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,496,519
Expenses
$4,218,182
Net Income
$2,278,337
Net Assets
$83,288,156
Notable Sources of Revenue Percent of Total Revenue
Contributions $883,618
13.6%
Program Services $4,914,914
75.7%
Investment Income $16,111
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $767,615
11.8%
Net Inventory Sales $0
Other Revenue -$85,739
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $228,917,209
Total Liabilities $145,629,053
Net Assets $83,288,156
Compensation
Key Employees and Officers Compensation Related Other
Salvatore J Patti (Chair) $0 $0 $0
Andrea R Allon (Vice Chair) $0 $0 $0
Terry Booker (Secretary) $0 $0 $0
Tumar Alexander (Director) $0 $0 $0
Kevin R Boyle (Director) $0 $0 $0
Craig R Carnaroli (Director) $0 $0 $0
Dominique Casimir (Director) $0 $0 $0
Christina Cavalieri (Director (Thru 02/2021)) $0 $0 $0
Honorable Darrell L Clarke (Director) $0 $0 $0
Diana P Cortes Esq (Director) $0 $0 $0
Fred Cosenza (Director) $0 $0 $0
Rob Dubow (Director) $0 $0 $0
Anne Fadullon (Director) $0 $0 $0
Reginald C Fuller Iii (Director) $0 $0 $0
Jay Goldstein (Director) $0 $0 $0
Lee Huang (Director) $0 $0 $0
Honorable Kenyatta Johnson (Director) $0 $0 $0
Honorable Curtis Jones Jr (Director) $0 $0 $0
Leroy E Jones (Director) $0 $0 $0
Brian T Keech (Director) $0 $0 $0
Honorable James F Kenney (Director) $0 $0 $0
Jennifer L Maher Esq (Director) $0 $0 $0
Suzanne S Mayes Esq (Director) $0 $0 $0
Bob Moul (Director (Thru 02/2021)) $0 $0 $0
Elizabeth A Murphy (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,534,095
Expenses
$7,578,218
Net Income
$5,955,877
Net Assets
$73,980,022
Notable Sources of Revenue Percent of Total Revenue
Contributions $9,000,000
66.5%
Program Services $4,442,414
32.8%
Investment Income $211,426
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$119,745
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $219,967,614
Total Liabilities $145,987,592
Net Assets $73,980,022
Compensation
Key Employees and Officers Compensation Related Other
M Walter D'alessio (Chair (Thru 02/2020)) $0 $0 $0
Salvatore J Patti (Chair (From 02/2020)) $0 $0 $0
Andrea Allon (Vice Chair) $0 $0 $0
Terry Booker (Secretary) $0 $0 $0
Brian Abernathy (Director (Thru 02/2020)) $0 $0 $0
Tumar Alexander (Director) $0 $0 $0
Honorable Jannie Blackwell (Director (Thru 02/2020)) $0 $0 $0
Kevin R Boyle (Director) $0 $0 $0
Craig Carnaroli (Director) $0 $0 $0
Christina Cavalieri (Director) $0 $0 $0
Honorable Darrell L Clarke (Director) $0 $0 $0
Diana Cortez (Director) $0 $0 $0
Fred Cosenza (Director) $0 $0 $0
Rob Dubow (Director) $0 $0 $0
Harold Epps (Director (Thru 02/2020)) $0 $0 $0
Anne Fadullon (Director) $0 $0 $0
Reginald Fuller Iii (Director) $0 $0 $0
Jay Goldstein (Director) $0 $0 $0
Honorable Kenyatta Johnson (Director) $0 $0 $0
Leroy E Jones (Director) $0 $0 $0
Honorable Curtis Jones Jr (Director) $0 $0 $0
Brian Keech (Director) $0 $0 $0
Honorable James F Kenney (Director) $0 $0 $0
Jennifer Maher (Director) $0 $0 $0
Suzanne S Mayes (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,260,767
Expenses
$6,818,285
Net Income
$1,442,482
Net Assets
$73,328,011
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,000,000
12.1%
Program Services $6,480,467
78.4%
Investment Income $849,229
10.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$68,929
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $227,173,554
Total Liabilities $153,845,543
Net Assets $73,328,011
Compensation
Key Employees and Officers Compensation Related Other
John Grady (President) $0 $425,212 $68,086
Sam Rhoads (Executive Vice President) $0 $255,000 $57,531
Anne Nevins (Senior Vice President) $0 $254,000 $55,913
Thomas Queenan (Senior Vice President) $0 $244,000 $18,663
Prema Gupta (Senior Vice President) $0 $203,684 $53,973
Wanda Speight (Senior Vp (End 11/2019)) $0 $222,556 $27,962
Tiffany Canady (Senior Vice President) $0 $196,900 $44,695
Cassie Gardner (Assistant Secretary) $0 $77,260 $37,648
M Walter D' Alessio (Chair) $0 $0 $0
Andrea Allon (Vice Chair) $0 $0 $0
Terry Booker (Director) $0 $0 $0
Brian Abernathy (Director) $0 $0 $0
Kevin R Boyle (Director) $0 $0 $0
Honorable Jannie Black (Director) $0 $0 $0
Craig Carnaroli (Director) $0 $0 $0
Chirstina Cavalieri (Director) $0 $0 $0
Fred Cosenza (Director) $0 $0 $0
Rob Dubow (Director) $0 $0 $0
Harlod Epps (Director) $0 $0 $0
Anne Fadullon (Director) $0 $0 $0
Honorable Kenuyatta Jo (Director) $0 $0 $0
Leroy E Jones (Director) $0 $0 $0
Jay Goldstein (Director) $0 $0 $0
Honorable James F Ken (Director) $0 $0 $0
Suzanne S Mayes (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$29,914,264
Expenses
$31,729,821
Net Income
-$1,815,557
Net Assets
$70,726,708
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $29,376,596
98.2%
Investment Income $537,668
1.8%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $232,719,709
Total Liabilities $161,993,001
Net Assets $70,726,708
Compensation
Key Employees and Officers Compensation Related Other
M Walter D' Alessio (Chariman) $0 $0 $0
Andrea Allon (Vice Chairman) $0 $0 $0
Terry Booker (Director) $0 $0 $0
Brian Abernathy (Director) $0 $0 $0
Kevin R Boyle (Director) $0 $0 $0
Honorable Jannie Blackwell (Director) $0 $0 $0
Michael A Brown (Director (End 8/2018)) $0 $0 $0
Craig Carnaroli (Director) $0 $0 $0
Chirstina Cavalieri (Director) $0 $0 $0
Fred Cosenza (Director) $0 $0 $0
Michael Diberardnis (Director) $0 $0 $0
Rob Dubow (Director) $0 $0 $0
Harlod Epps (Director) $0 $0 $0
Anne Fadullon (Director) $0 $0 $0
Honorable Kenuyatta Johnson (Director) $0 $0 $0
Leroy E Jones (Director) $0 $0 $0
Jay Goldstein (Director) $0 $0 $0
Honorable James F Kenney (Director) $0 $0 $0
Suzanne S Mayes (Director) $0 $0 $0
Alba Martinez (Director) $0 $0 $0
Bob Moul (Director) $0 $0 $0
Elizabeth Murphy (Director) $0 $0 $0
Anne K Nadol (Director) $0 $0 $0
Keith Orris (Director) $0 $0 $0
Salvatore J Patti (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$20,049,691
Expenses
$24,004,791
Net Income
-$3,955,100
Net Assets
$72,542,265
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $19,805,284
98.8%
Investment Income $244,407
1.2%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $225,666,569
Total Liabilities $153,124,304
Net Assets $72,542,265

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$25,775,537
Expenses
$17,069,709
Net Income
$8,705,828
Net Assets
$76,497,365
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $25,706,423
99.7%
Investment Income $69,114
0.3%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $238,665,935
Total Liabilities $162,168,570
Net Assets $76,497,365

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$21,952,421
Expenses
$20,135,843
Net Income
$1,816,578
Net Assets
$67,791,537
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $21,900,162
99.8%
Investment Income $44,962
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $7,297
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $236,234,546
Total Liabilities $168,443,009
Net Assets $67,791,537

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,274,613
Expenses
$10,174,378
Net Income
$2,100,235
Net Assets
$65,982,256
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,228,936
99.6%
Investment Income $45,677
0.4%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $234,775,848
Total Liabilities $168,793,592
Net Assets $65,982,256

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,091,627
Expenses
$10,668,679
Net Income
$2,422,948
Net Assets
$63,882,021
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,041,401
99.6%
Investment Income $50,226
0.4%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $254,025,261
Total Liabilities $190,143,240
Net Assets $63,882,021

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$21,489,859
Expenses
$15,672,900
Net Income
$5,816,959
Net Assets
$61,459,073
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $21,439,593
99.8%
Investment Income $50,266
0.2%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $254,629,653
Total Liabilities $193,170,580
Net Assets $61,459,073

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$21,907,479
Expenses
$21,107,620
Net Income
$799,859
Net Assets
$55,642,114
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $21,509,440
98.2%
Investment Income $398,039
1.8%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $249,055,908
Total Liabilities $193,413,794
Net Assets $55,642,114

Document Links

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$26,569,482
Expenses
$26,393,762
Net Income
$175,720
Net Assets
$54,842,255
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $26,323,982
99.1%
Investment Income $245,500
0.9%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $256,278,799
Total Liabilities $201,436,544
Net Assets $54,842,255

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

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.

Which Organizations Are Here?

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

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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