Program areas at Allentown Economic Development Corporation
Property management: maintaining of older industrial buildings and attracting manufacturers to operate from an urban location. This in turn is a sustainable way of utilizing industrial space which creates growth opportunities for the city and jobs for its residents. In addition, maintain other properties that were developed on vacant and blighted areas and help older property maintenance which house non-profits benefiting the residents of the city of Allentown.
Incubation: encouraging and fostering the Development of Economic growth through the establishment and maintenance of a small business incubator facility where new and growing businesses operate under one roof with low cost rental, shared services and equipment, and access to professional, technical and financial programs.
Development projects: Development of acquired properties that were either blighted or underutilized. Create new jobs and further Economic Development by getting these properties to a sustainable use.
1) business retention & expansion: program to retain and expand businesses in order to brings jobs and develop the city.
Who funds Allentown Economic Development Corporation
Grants from foundations and other nonprofits
| Grantmaker | Grantmaker tax period | Description | Amount |
|---|
| PPL Foundation | 2021-12 | Program Support | $2,500 |
Federal funding details
| Federal agency | CFDA code | Program name | Amount |
|---|
| Department of Commerce | 11.300 | INVESTMENTS FOR PUBLIC WORKS AND ECONOMIC DEVELOPMENT FACILITIES | $500,000 |
Personnel at Allentown Economic Development Corporation
| Name | Title | Compensation | Date of data |
|---|
| R Scott Unger | Executive Director | $135,875 | 2023-05-11 |
| David Dunn | Program Manager | | 2022-06-01 |
| Robert Hass | Controller | | 2021-03-20 |
| Donald M Bernhard | Vice Chairman / Secretary | $0 | 2022-06-30 |
| Matthew B Green | Treasurer / Director | $0 | 2022-06-30 |
| ...and 4 more key personnel |
Financials for Allentown Economic Development Corporation
| Revenues | FYE 06/2022 | FYE 06/2021 | % Change |
|---|
| Total grants, contributions, etc. | $12,500 | $146,900 | -91.5% |
| Program services | $1,646,817 | $1,465,711 | 12.4% |
| Investment income and dividends | $93,311 | $97,203 | -4% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $428,819 | $0 | 999% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $47,909 | $21,432 | 123.5% |
| Total revenues | $2,229,356 | $1,731,246 | 28.8% |
Organizations like Allentown Economic Development Corporation
| Organization | Type | Location | Revenue |
|---|
| Southeast Economic Development Corporation (SEDC) | 501(c)(3) | Dover, NH | $872,934 |
| Hartford Economic Development Corporation (HEDCO) | 501(c)(3) | Hartford, CT | $3,183,026 |
| New England Trade Adjustment Assistance | 501(c)(3) | North Billerica, MA | $1,539,209 |
| Applied Strategies International | 501(c)(3) | Chicago, IL | $1,112,722 |
| Cooperative Business Assistance Corporation | 501(c)(3) | Camden, NJ | $5,424,289 |
| Appalachian Center for Economic Networks | 501(c)(3) | Athens, OH | $1,167,468 |
| Omaha Economic Development Corporation (OEDC) | 501(c)(3) | Omaha, NE | $6,962,293 |
| Staten Island Economic Development Corporation | 501(c)(3) | Staten Island, NY | $2,037,023 |
| Innovate Mississippi | 501(c)(3) | Jackson, MS | $1,747,154 |
| Southern Maine Planning and Development Commission | 501(c)(3) | Saco, ME | $7,577,055 |
Data update history
May 12, 2023
Updated personnel
Identified 3 new personnel
May 11, 2023
Received grants
Identified 1 new grant, including a grant for $2,500 from PPL Foundation August 21, 2021
Posted financials
Added Form 990 for fiscal year 2019
June 28, 2021
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
State / local levelReceives government fundingManagement and technical assistanceTax deductible donations
General information
- Address
- 905 Harrision St
- Allentown, PA 18103
- Metro area
- Allentown-Bethlehem-Easton, PA-NJ
- County
- Lehigh County, PA
- Website URL
- allentownedc.com/Â
- Phone
- (610) 435-8890
IRS details
- EIN
- 23-2101393
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 1979
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S30: Economic Development
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Independent
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