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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
2023-12-01
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
$236,680
2023
Total expenses
$275,458
2023
Total assets
$2,699,098
2023
Num. employees
7
2023

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 $375,907 in 2023 and received principal repayments on outstanding loans totaling $195,090 upon which interest incurred was received totaling $62,249 principal repayments were used for new loans.

Personnel at Pottsville Area Development Corporation

NameTitleCompensation
Savas LogothetidesExecutive Director$0
Denise KlingerProject Manager

Financials for Pottsville Area Development Corporation

RevenuesFYE 12/2023
Total grants, contributions, etc.$19,347
Program services$207,259
Investment income and dividends$7,827
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$2,247
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$236,680

Form 990s for Pottsville Area Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-18990View PDF
2022-122023-11-15990View PDF
2021-122022-11-16990View PDF
2020-122021-11-15990View PDF
2019-122021-04-02990View PDF
...and 10 more Form 990s
Data update history
February 9, 2025
Posted financials
Added Form 990 for fiscal year 2023
November 25, 2024
Updated personnel
Identified 11 new personnel
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
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
500 Progress Ave
Pottsville, PA 17901
County
Schuylkill County, PA
Website URL
downtownpottsville.com/ 
Phone
(610) 621-4235
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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