ERIE DOWNTOWN DEVELOPMENT CORPORATION
AI Summary
ERIE DOWNTOWN DEVELOPMENT CORPORATION is a nonprofit economic development organization focused on real estate development and financing to strengthen downtown Erie’s core assets and support regional revitalization. In filing year 2024, it reported an operating budget of $1.8M and total revenue of $3.5M, with major funders including ERIE COMMUNITY FOUNDATION, UPMC GROUP, and MERCYHURST UNIVERSITY.
Mission Statement
THE PURPOSE OF THE ORGANIZATION IS TO SERVE AS A REAL ESTATE DEVELOPMENT AND FINANCING NON-PROFIT CORPORATION TO STRENGTHEN THE CORE ASSETS OF THE DOWNTOWN ERIE AND DRIVE REVITALIZATION ACROSS THE REGION.
Cause Areas
1
Economic development
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Funder
Total Funding
Funding Share
ERIE COMMUNITY FOUNDATION
Erie, PA, US
$1.3M
< 1%
UPMC GROUP
PITTSBURGH, PA, US
$350K
< 1%
MERCYHURST UNIVERSITY
Erie, PA, US
$251.3K
68%
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- 7 funders
- 35 board & team members
- 8 historic 990s & financials
- 6-year operating budget trend
Frequently Asked Questions
What is ERIE DOWNTOWN DEVELOPMENT CORPORATION’s budget?
In 2024, ERIE DOWNTOWN DEVELOPMENT CORPORATION reported an annual operating budget of around $1.8 million. More detailed financial information is available to registered users.
What causes does ERIE DOWNTOWN DEVELOPMENT CORPORATION support?
ERIE DOWNTOWN DEVELOPMENT CORPORATION supports work in Economic development.
Where does ERIE DOWNTOWN DEVELOPMENT CORPORATION operate?
ERIE DOWNTOWN DEVELOPMENT CORPORATION is headquartered in Erie, PA.
Who funded ERIE DOWNTOWN DEVELOPMENT CORPORATION recently?
In 2024, ERIE DOWNTOWN DEVELOPMENT CORPORATION received grants from ERIE COMMUNITY FOUNDATION, UPMC GROUP, and CNB FOUNDATION INC. More information on this organization’s funders is available to registered users.
What is the largest grant ERIE DOWNTOWN DEVELOPMENT CORPORATION received in 2024?
The largest grant to ERIE DOWNTOWN DEVELOPMENT CORPORATION in 2024 exceeds $551 thousand.
What is ERIE DOWNTOWN DEVELOPMENT CORPORATION’s reliance on government grants?
ERIE DOWNTOWN DEVELOPMENT CORPORATION relied on government grants for more than 5% of their total revenue in 2024.