City Ave Development Corporation
Nonprofit profile at a glance
- EIN
- 934206930
- IRS 990-EZ coverage
- 2025–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2024
- Location
- Bala Cynwyd, PA, USA
- Phone
- 6107470311
- Rating
- 63
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $84,868
- Expenses
- $40,302
- Assets
- $75,419
- Liabilities
- $30,853
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Bryan Fenstermaker (President & CEO)
People named in this filing
- Bryan Fenstermaker (President & CEO)
- Rich Gottlieb (Board Chair)
- Bernie Prazenica (Board Vice-Chair)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
City Ave Development Corporation seeks to promote the economic development, revitalization, and beautification of City Avenue in Philadelphia and Montgomery Counties as well as surrounding neighborhoods.
What it reported doing in 2025
Community Events: The organization promotes the revitalization of City Avenue and its surrounding neighborhoods through the hosting, coordination and promotion of 62 community events held throughout the year. These events foster and strengthen community spirit, stimulate local economic growth, and highlight the importance of public communal spaces.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- 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
SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 54
- Transparency & Controls: 82
- Sustainability: 69
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 38.5%; rating input score 38
- Program expense ratio: 81.1%; rating input score 81
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 52.5%; rating input score 91; 91st percentile among comparable filings
- Total-asset coverage ratio: 1.87; rating input score 64; 64th percentile among comparable filings
- Liabilities to assets ratio: 0.41; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 38.5% of revenue deployed · 81.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $33K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 38/100.
- High — Sustainability: Liabilities to assets ratio scored 8/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.