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Allentown Economic Development Corporation

Allentown Economic Development Corporation

Allentown, PA 18103
Tax ID23-2101393

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By donating on this page you are making an irrevocable contribution to Daffy Charitable Fund, a 501(c)(3) public charity, and a subsequent donation recommendation to the charity listed above, subject to our Member Agreement. Contributions are generally eligible for a charitable tax-deduction and a yearly consolidated receipt will be provided by Daffy. Processing fees may be applied and will reduce the value available to send to the end charity. The recipient organizations have not provided permission for this listing and have not reviewed the content.
Donations to organizations are distributed as soon as the donation is approved and the funds are available. In the rare event that Daffy is unable to fulfill the donation request to this charity, you will be notified and given the opportunity to choose another charity. This may occur if the charity is unresponsive or if the charity is no longer in good standing with regulatory authorities.

About this organization

Revenue

$982,360

Expenses

$1,752,558

Mission

Our mission is to make Allentown the best place to grow a manufacturing business. We accomplish our mission through a range of activities: -Redeveloping vacant and underutilized industrial sites, returning them to productive use -Managing rehabilitated industrial properties to house the best employers in the city -Incubating businesses and cultivating the entrepreneurial ecosystem -Actively engaging with the city’s manufacturing businesses -Deploying economic development financing programs to drive business growth and physical improvement of the city’s manufacturing buildings

About

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.

Interesting data from their 2020 990 filing

The mission of the non-profit, as stated in the filing, is “To proactively identify, encourage, manage and develop strategic business opportunities for the benefit of allentown, its citizens, and the lehigh valley.”.

When referring to its tasks, they were described as: “To proactively identify, encourage, and develop business opportunities for the lehigh valley.”.

  • The non-profit is operating legally in the state of PA.
  • The non-profit's address for the year 2020 is listed as 905 HARRISION ST, ALLENTOWN, PA, 18103 in the filing.
  • The form submitted by the non-profit organization for 2020 reports 8 employees.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is between $500,000 and $1,000,000+.
  • Revenue less expenses is -$770,198.
  • The organization has 13 independent voting members.
  • The organization was formed in 1979.
  • The organization pays $662,942 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.