Central Philadelphia Development Corporation
Nonprofit profile at a glance
- EIN
- 231583209
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Location
- Philadelphia, PA, USA
- Phone
- 2154405517
- Rating
- 58
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Arts Council/Agency
Reported finances
- Revenue
- $248,867
- Expenses
- $273,715
- Assets
- $481,278
- Liabilities
- $236,253
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
35 people listed
Executive titles in this filing
- RIJA BEARES (PRESIDENT)
- BRIAN BERSON (VICE PRESIDENT)
- MATTHEW N MCCLURE ESQ (VICE PRESIDENT)
- PREMA GUPTA (EXECUTIVE DIRECTOR/OFFICER)
People named in this filing
- RIJA BEARES (PRESIDENT)
- BRIAN BERSON (VICE PRESIDENT)
- RYAN ADE (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To strengthen the competitiveness of center city philadelphia as an attractive place to work, to visit, and to live to enhance center city as the vibrant hub of the greater philadelphia region through research, planning, advocacy, and private sector leadership and vision
What it reported doing in 2025
To support business and residential attraction and retention, cpdc disseminates its research data on business and employment trends, promotes the expansion of residential activity, dvocates for more competitive tax policies, and generates marketing materials on the strengths of center city. The annual state of center city report, biweekly email newsletters, and other publications produced in conjunction with the ccd are distributed to all members in addition to the quarterly meetings at which issuespecific position papers and panel discussions are presented to all members.
Operating model
- Revenue model
- Membership-supported. 100% of the money available for current operations came from membership dues.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 25
- Transparency & Controls: 92
- Accountability: 94
- Sustainability: 34
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 26.7%; rating input score 27
- Program expense ratio: 24.3%; rating input score 24
- Fundraising efficiency: $4.24 raised per $1 spent on fundraising; rating input score 18; 18th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -10%; rating input score 19; 19th percentile among comparable filings
- Total-asset coverage ratio: 1.76; rating input score 56; 56th percentile among comparable filings
- Liabilities to assets ratio: 0.49; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings
Growth
- Program expense growth: -15.4% per year; rating input score 0; 8th percentile among comparable filings
- Revenue growth: -3.8% per year; rating input score 0; 11th percentile among comparable filings
- Asset growth: -1.4% per year; rating input score 0; 17th percentile among comparable filings
Details
- Where the money goes: 26.7% of revenue deployed · 24.3% of spending went to programs
- Governance: 34 of 34 board members independent · 6 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $66K in reported program spending
- Leadership: top reported pay $0 · 35 people listed
- Consistency: 18 of 18 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 15 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 27/100.
- High — Financial Efficiency: Program expense ratio scored 24/100.
- High — Financial Efficiency: Fundraising efficiency scored 18/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 19/100.
- Review — Accountability: Governance controls: Document-retention policy not reported.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 56/100.
- High — Sustainability: Liabilities to assets ratio scored 9/100.