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NORTHEASTERN RESOURCES DEVELOPMENT CORP — Mission, Financials & Grants Received

Mission

Improve service delivery to low-income persons and support college entry by low-income youths.

Programs

4 programs

Establish and fund a scholarship award for low income, academically talented graduates of luzerne county high schools. (irs approval - 1988)

Provide legal research, representation and support to affiliated organizations.

Serve as an incubator organization for economic development, organizing enterprises for job creation, providing research, grant assistance and management training to new and expanding organizations.

Provide development assistance to the housing development corporation and the commission on economic opportunity in the broad and differentiated delivery of services/products to the low income and elderly community.

Financials

FY 2024

Revenue

Contributions & grants$323K

Program service revenue—

Investment income$414K

Other revenue—

Total revenue$729K

Expenses

Grants paid$184K

Salaries & benefits$174K

Fundraising$164K

Other expenses$72K

Total expenses$593K

Total assets$7.2M

Net assets$6.5M

People

6 listed

NameRoleCompensation

JENNIFER WARABAK

PRESIDENT

Board

$36K

10 hrs/wk

JOSEPH CARMODY

CHAIRMAN

Board

—

1 hrs/wk

JOSEPH VULLO

SECRETARY

Board

—

1 hrs/wk

ATTORNEY THOMAS KENNEDY

DIRECTOR

Board

—

1 hrs/wk

FRANK CROSSIN

BOARD MEMBER

Board

—

1 hrs/wk

DAVID RITTER

BOARD MEMBER

Board

—

1 hrs/wk

Independent contractors

RKD GROUP

ADVERTISING

$140K

Grants received

Showing 8 of 8

FromAmountPurposeYear

COMMISSION ON ECONOMIC OPPORTUNITY

$239K

PROVIDE SCHOLARSHIPS TO 42 LOCAL STUDENTS FOR POST-SECONDARY EDUCATION AND GRADUATE SCHOOL. PROVIDE PROGRAM PLANNING OVERSIGHT, EVALUATES PROGRAM EFFECTIVENESS, AND RECOMMENDS MODIFICATIONS AND/OR IMPROVEMENTS IN PROGRAM OPERATIONS. PROVIDE FINANCIAL SUPPORT FOR LOW INCOME PROGRAMS; PROVIDE PORTFOLIO MANAGEMENT, RESEARCH MANAGEMENT, AND LEGISLATIVE ASSISTANCE TOWARD INCREASING THE ECONOMIC AND SOCIAL INDEPENDENCE FOR LOW INCOME PEOPLE.

2023

WILLIAM G MCGOWAN CHARITABLE FUND

$8K

MCGOWAN SCHOLARS

2023

COMMISSION ON ECONOMIC OPPORTUNITY

$227K

PROVIDE SCHOLARSHIPS TO 42 LOCAL STUDENTS FOR POST-SECONDARY EDUCATION AND GRADUATE SCHOOL. PROVIDE PROGRAM PLANNING OVERSIGHT, EVALUATES PROGRAM EFFECTIVENESS, AND RECOMMENDS MODIFICATIONS AND/OR IMPROVEMENTS IN PROGRAM OPERATIONS. PROVIDE FINANCIAL SUPPORT FOR LOW INCOME PROGRAMS; PROVIDE PORTFOLIO MANAGEMENT, RESEARCH MANAGEMENT, AND LEGISLATIVE ASSISTANCE TOWARD INCREASING THE ECONOMIC AND SOCIAL INDEPENDENCE FOR LOW INCOME PEOPLE.

2022

COMMISSION ON ECONOMIC OPPORTUNITY

$219K

PROVIDE SCHOLARSHIPS TO 42 LOCAL STUDENTS FOR POST-SECONDARY EDUCATION AND GRADUATE SCHOOL. PROVIDE PROGRAM PLANNING OVERSIGHT, EVALUATES PROGRAM EFFECTIVENESS, AND RECOMMENDS MODIFICATIONS AND/OR IMPROVEMENTS IN PROGRAM OPERATIONS. PROVIDE FINANCIAL SUPPORT FOR LOW INCOME PROGRAMS; PROVIDE PORTFOLIO MANAGEMENT, RESEARCH MANAGEMENT, AND LEGISLATIVE ASSISTANCE TOWARD INCREASING THE ECONOMIC AND SOCIAL INDEPENDENCE FOR LOW INCOME PEOPLE.

2021

WILLIAM G MCGOWAN CHARITABLE FUND

$8K

MCGOWAN FAMILY FUND GRANT (DISCRETIONARY)

2021

COMMISSION ON ECONOMIC OPPORTUNITY

$212K

PROVIDE SCHOLARSHIPS TO 42 LOCAL STUDENTS FOR POST-SECONDARY EDUCATION AND GRADUATE SCHOOL. PROVIDE PROGRAM PLANNING OVERSIGHT, EVALUATES PROGRAM EFFECTIVENESS, AND RECOMMENDS MODIFICATIONS AND/OR IMPROVEMENTS IN PROGRAM OPERATIONS. PROVIDE FINANCIAL SUPPORT FOR LOW INCOME PROGRAMS; PROVIDE PORTFOLIO MANAGEMENT, RESEARCH MANAGEMENT, AND LEGISLATIVE ASSISTANCE TOWARD INCREASING THE ECONOMIC AND SOCIAL INDEPENDENCE FOR LOW INCOME PEOPLE.

2020

COMMISSION ON ECONOMIC OPPORTUNITY

$209K

PROVIDE SCHOLARSHIPS TO 42 LOCAL STUDENTS FOR POST-SECONDARY EDUCATION AND GRADUATE SCHOOL. PROVIDE PROGRAM PLANNING OVERSIGHT, EVALUATES PROGRAM EFFECTIVENESS, AND RECOMMENDS MODIFICATIONS AND/OR IMPROVEMENTS IN PROGRAM OPERATIONS. PROVIDE FINANCIAL SUPPORT FOR LOW INCOME PROGRAMS; PROVIDE PORTFOLIO MANAGEMENT, RESEARCH MANAGEMENT, AND LEGISLATIVE ASSISTANCE TOWARD INCREASING THE ECONOMIC AND SOCIAL INDEPENDENCE FOR LOW INCOME PEOPLE.

2019

COMMISSION ON ECONOMIC OPPORTUNITY

$193K

PROVIDES SCHOLARSHIPS TO 39 LOCAL HIGH SCHOOL STUDENTS FOR POST SECONDARY EDUCATION AND GRADUATE SCHOOL. PROVIDES PROGRAMMATIC PLANNING OVERSIGHT, EVALUATE PROGRAM EFFECTIVENESS AND RECOMMEND MODIFICATIONS AN/OR IMPROVEMENTS IN PROGRAM OPERATIONS. FINANCIAL SUPPORT FOR LOW INCOME PROGRAMS, PROVIDE PORTFOLIO MANAGEMENT AND RESEARCH MANAGEMENT, LEGISLATIVE ASSISTANCE TOWARD INCREASING THE ECONOMIC AND SOCIAL INDEPENDENCE FOR LOW INCOME PEOPLE.

2017

Northeastern Resources Development Corp

Mission

Programs

Financials

People

Independent contractors

Grants received

Funded by

Details