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EIN 23-2355722

Pottsville Area Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
7
City
Pottsville
State
Pennsylvania
Year formed
1986
Most recent tax filings
2022-12-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
Pottsville Area Development Corporation promotes and revitalizes Downtown Pottsville, Pennsylvania through low-interest revolving loans and building renovations. In 2022, the organization issued loans totaling $383,125 to qualified businesses and received principal repayments on outstanding loans totaling $385,158. Interest incurred totaled $43,598, which was applied towards new loans. The organization also provides management and accounting services to three 501(c)3 organizations and the Pottsville parking authority.
Total revenues
$267,355
2022
Total expenses
$255,639
2022
Total assets
$2,893,661
2022
Num. employees
7
2022

Program areas at Pottsville Area Development Corporation

Provided management and accounting services to three 501(c)3 organizations and the Pottsville parking authority.
Issued loans to qualified businesses totaling $383,125 in 2022 and received principal repayments on outstanding loans totaling $385,158 upon which interest incurred was received totaling $43,598 principal repayments were used for new loans.

Personnel at Pottsville Area Development Corporation

NameTitleCompensation
Bobby WeaverPresident$0
Savas LogothetidedsExecutive Director$0
Savas LogothetidesPast Executive Director$0

Financials for Pottsville Area Development Corporation

RevenuesFYE 12/2022
Total grants, contributions, etc.$45,140
Program services$219,500
Investment income and dividends$735
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$1,980
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$267,355

Form 990s for Pottsville Area Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-16990View PDF
2020-122021-11-15990View PDF
2019-122021-04-02990View PDF
2018-122020-01-17990View PDF
...and 9 more Form 990s

Organizations like Pottsville Area Development Corporation

OrganizationLocationRevenue
Downtown Hays Development CorporationHays, KS$143,221
Itawamba County Development CouncilFulton, MS$441,956
West Central Nebraska Development DistrictOgallala, NE$854,674
Stevens County EicMorris, MN$184,592
Ohio Regional Development CorporationCoshocton, OH$1,181,503
Lawrence PartnershipLawrence, MA$972,745
Northeast Mo Rural Development CorporationMemphis, MO$529,735
South East Chicago CommissionChicago, IL$637,721
Yuba Sutter Economic Development CorporationYuba City, CA$754,550
Norwalk Economic Development CorporationNorwalk, OH$235,488
Data update history
December 28, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 5, 2023
Updated personnel
Identified 2 new personnel
June 28, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 16, 2022
Updated personnel
Identified 15 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Fundraising eventsState / local levelReceives government fundingManagement and technical assistanceTax deductible donationsAccepts online donations
General information
Address
1 S Second St
Pottsville, PA 17901
County
Schuylkill County, PA
Website URL
downtownpottsville.com/ 
Phone
(570) 628-4647
IRS details
EIN
23-2355722
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1986
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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