NonprofitsInstitute For Economic Development Inc

Community Improvement & Capacity Building

Institute For Economic Development Inc

CHESTER, PA

Total revenue

$730K

Total expenses

$432K

Net assets

$1.5M

Grants received

$141K

4 grants

EIN

232843207

Tax year

2023

Mission

Implement programs to promote the development of the delaware county waterfront.

Programs

2 programs

Economic developmentwest 2nd street (route 291) improvements - chester waterfront trail:radc was awarded regional trails funds through the delaware valley regional planning commission for engineering design work on west 2nd street from highland avenue to norris street. The philadelphia union, through its keystone sports and entertainment entity, has provided the required 20% in matching funds. Radc issued a request for proposals and awarded the project to mcmahon associates now known as bowman engineering. The engineering is well underway with bowman working with penndot on meeting the requirements needed to obtain a highway occupancy permit. Radc has been awarded a total of $1,250,000 in waterfront development tax credits from the commonwealth for west 2nd street that have been purchased by one of our members, power home remodeling group. The improvements, when fully funded, will enhance pedestrian safety, create a multiuse path connected to the east coast greenway, install landscaping, and address stormwater management. East coast greenway - connector streets:radc, in collaboration with the pennsylvania environmental council and the east coast greenway alliance, have been involved in the design of the highland avenue connector with an engineering firm. Design funds, from the department of conservation and natural resources (dcnr) and the department of environmental protection's coastal zone management (czm) program, have also been awarded for the norris street connector trail on the eastern end of the target area. Once constructed, the highland and norris connectors will enable residents to safely access the high quality but disconnected chester riverwalk, subaru park stadium as well as the delaware river itself.radc also completed the grant application on behalf of the city of chester for federal funding for the construction of a complete streets project on highland avenue. This initiative was one of 10 projects in the philadelphia region awarded funding which will include the development of the east coast greenway and other pedestrian improvements. Design work is about 90% complete and is expected to be bid out in the second quarter of 2025.radc completed a grant application on behalf of the city of chester for norris street. This application was awarded federal transportation alternative set aside funding in the amount of $1.3 million. The design of this connector street is about 70% complete and is being funded with grants from dcnr and the czm program.reaney street:reaney street serves as the main entrance to subaru park stadium. Lacking continuous sidewalks and an ada compliant crosswalk, pedestrian access is difficult and unsafe. With little landscaping and insufficient lighting, this bleak industrial roadway has been transformed into one of the most attractive streetscapes in delaware county. This section of reaney street is now substantially complete with a celebration event held in mid-november. Improvements include new curbs, sidewalks, stormwater management and landscaping. With pedestrian scale lighting, string lighting, decorative bollards and paving, and a raised intersection for traffic calming, it is a welcoming connection to the chester waterfront. Additional paving and relocation of utility and communication lines have yet to be completed, awaiting rail line permitting before work can commence. At the intersection of route 291 and reaney street, safety lighting was approved by penndot and installed. The flashing beacons will increase connectivity from chester's residential neighborhood to the waterfront by slowing down vehicular traffic and allowing pedestrian access. It is designed to be upgraded to a full signal if needed in the future. Reaney street complements and builds on the previous streetscape work completed by radc on engle street. With funding from the private sector in the form of waterfront development tax credits (purchased by radc member power home remodeling), american rescue plan act assistance from the city of chester, department of community and economic development (dced), county liquid fuel funds and support from the philadelphia union, this $1.4 million project is a public private partnership. The work would not have been completed without these partnerships.in addition to the streetscape, the philadelphia union is now investing in one of its properties on reaney street. This underutilized building has been renovated into a brew hall following a $2 million private investment, adding another amenity to the waterfront and increasing tax ratables for the city of chester. Waterfront programming, community workdays & events:in the spring of 2024, radc in conjunction with local community-based partners, as well as the partnership for the delaware estuary (pde), planned its second delaware river festival. This festival has been held in philadelphia and camden for a number of years and pde wanted to expand it to chester. Radc played a large role in organizing and raising funds for the event that was held at the subaru park stadium plaza. While the event had an environmental focus, it also included food trucks, local dance troupe performances and a d.j.

Expenses: $277K

Public safetyradc continues to use funds for adding security cameras, lighting and improved streetscapes in high crimes areas. Radc assisted one of the businesses in the central business district by purchasing and installing several security lights and cameras across the street from a bus stop which had been the site of criminal activity.

0

Financials

FY 2023

Revenue

Contributions & grants$693K
Program service revenue
Investment income$36K
Other revenue
Total revenue$730K

Expenses

Grants paid$7K
Salaries & benefits
Fundraising
Other expenses$425K
Total expenses$432K
Total assets$1.6M
Net assets$1.5M

People

25 listed

NameRoleCompensation

ADAM KALINER

CHAIR/PRESIDENT

Board

1 hrs/wk

DR STACEY ROBERTSON

VICE CHAIR/VICE PRESIDENT

Board

1 hrs/wk

LISA GAFFNEY

EXECUTIVE DIRECTOR

Board

1 hrs/wk

TIM MCDERMOTT

SECRETARY

Board

1 hrs/wk

GERALD MILLER

TREASURER

Board

1 hrs/wk

JON COHN

DIRECTOR

Board

1 hrs/wk

VINCE DEL ROSSI

DIRECTOR

Board

1 hrs/wk

STEVEN FISCHER

DIRECTOR

Board

1 hrs/wk

JOANNE MCFALL

DIRECTOR

Board

1 hrs/wk

FRANCES SHEEHAN

DIRECTOR

Board

1 hrs/wk

LAURA GOODRICH CAIRNS

DIRECTOR

Board

1 hrs/wk

GEOFFREY BRANDON

DIRECTOR

Board

1 hrs/wk

JAMES TURNER

DIRECTOR

Board

1 hrs/wk

JOHN SCOTT

DIRECTOR

Board

1 hrs/wk

ZARA ALAYAN

DIRECTOR

Board

1 hrs/wk

VICKEY PATEL

DIRECTOR

Board

1 hrs/wk

TODD STRINE

DIRECTOR

Board

1 hrs/wk

JUSTIN DUNN

DIRECTOR AS OF 9/28/23

Board

1 hrs/wk

SHEPARD GARNER

DIRECTOR AS OF 12/4/23

Board

1 hrs/wk

REGAN HOWELL

DIRECTOR AS OF 3/14/24

Board

1 hrs/wk

MARTA YERA CRONIN

DIRECTOR AS OF 6/13/24

Board

1 hrs/wk

JULIA LEE

DIRECTOR UNTIL 6/30/24

Board

1 hrs/wk

DAN MURPHY

DIRECTOR UNTIL 6/30/24

Board

1 hrs/wk

JEFFREY K WARMANN

DIRECTOR UNTIL 3/14/24

Board

1 hrs/wk

ROBERT WILLERT

DIRECTOR UNTIL 12/4/23

Board

1 hrs/wk

Independent contractors

DENNEY ELECTRIC SUPPLY

STREET REPAIR

$160K

Grants received

Showing 4 of 4

FromAmountPurposeYear
$21K
IMPACT GRANT - CORE SUPPORT
2023
$51K
EXPANSION AND IMPROVEMENT OF A COMMUNITY PARK
2022
$50K
CHESTER WATERFRONT DEVELOPMENT
2021
$20K
CHESTER WATERFRONT & NEIGHBORHOOD REVITALIZATION PROGRAM
2020

Funded by

$141K from 2 funders · 4 grants · 2020–2023

Foundation For Delaware County

$91K · 3 grants · 2020–2023

Agronomed Foundation Corp

$51K · 1 grant · 2022

Details

EIN232843207
NTEE codeS30
Subsection03
Ruling date1996-05
Formed1996
Employees0
Volunteers83
INSTITUTE FOR ECONOMIC DEVELOPMENT INC — Mission, Financials & Grants Received | Grantivo