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Pennsylvania · Nonprofit

ERIE DOWNTOWN DEVELOPMENT CORPORATION

ERIE DOWNTOWN DEVELOPMENT CORPORATION (Pennsylvania) receives grants from 4 organizations whose IRS filings report $601,276 to it, the largest being MERCYHURST UNIVERSITY ($251,276). 4 of them have funded it in more than one year.

Revenue FY2024
$3.5M
Funders on record
4
Grants received
$601k
Net assets
$1.1M
4/4 repeat funderspeak grant-dependency 20%
01What it does

What Erie Downtown Development Corporation does

Mission

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.

As stated on its FY2024 Form 990.

Programs

  1. To promote the welfare of the people of the city of erie, pennsylvania (the "city").

    $1,054,265 spent
    100% of program spending
  2. To combat community deterioration, provide relief to the poor and distressed, stabilize, and generally to otherwise promote redevelopment in the city's downtown.

  3. To lessen the burdens of government of the city by overseeing projects and programs designed to strengthen and leverage the city's downtown core assets.

  4. To improve the economy of the city by developing, attracting, expanding, and retaining business, industrial, educational, cultural, civic, community and other enterprises in the city and thereby developing, attracting, expanding, and retaining jobs for the people of the city; and solely for the above purposes, the corporation is empowered to exercise all rights and powers conferred by the laws of the commonwealth of pennsylvania upon nonprofit corporations, including, but without limitation thereon, to solicit and receive funds and any other property or interests in property by gift, grant, bequest, devise, bargain purchase or any similar transaction, and to hold, administer, invest and disburse such funds and property and such income as may be generated through the investment of such funds and property, exclusively for the promotion of health and social welfare, relief of the underprivileged, and such other charitable and educational purposes related thereto, including to use, apply, invest and reinvest the principal and/or income therefrom or distribute the same for the above purposes.

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $1,054,265.

02The organization over time

The organization over time

Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20182018 Revenue 100 ($1.1M) Expenses 100 ($762k) Net assets 100 ($2.1M)2019 Revenue 60 ($633k) Expenses 189 ($1.4M) Net assets 61 ($1.3M)2020 Revenue 165 ($1.7M) Expenses 201 ($1.5M) Net assets 71 ($1.5M)2021 Revenue 138 ($1.5M) Expenses 189 ($1.4M) Net assets 70 ($1.4M)2022 Revenue 106 ($1.1M) Expenses 271 ($2.1M) Net assets 25 ($507k)2023 Revenue 149 ($1.6M) Expenses 345 ($2.6M) Net assets -20 ($-402341)2024 Revenue 328 ($3.5M) Expenses 242 ($1.8M) Net assets 52 ($1.1M)
2018201920202021202220232024
Revenue (328)Expenses (242)Net assets (52)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2018 to 2019, from $6.1M to $17M (+176%).

$6.1M
$17M
$23M
$21M
$15M
$5.0M
$6.9M
2018201920202021202220232024
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2020 4% · 2022 2% · 2024 7%. Grants only. Government contracts and fees sit inside program revenue.

80% of ERIE DOWNTOWN DEVELOPMENT CORPORATION’s revenue is contributions — more donation-reliant than the typical peer (61% for the typical peer).

This organization
Typical peer · 4,434 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 7 reported years ran a deficit.

$295k
’18
−$808k
’19
$217k
’20
$19k
’21
−$942k
’22
−$1.1M
’23
$1.6M
’24
4.6
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Andrew S Whiting

CEO

As listed on its FY2024 Form 990.

The chief executive listed changed between the FY2021 and FY2022 filings.

2018201920202021202220232024
Listed20212020191816
Joined·+1+1+5+3+5+2
No longer listed·025464
03Who funds it

Who funds it, year by year

2018 → 2023: the base narrowed from 3 funders to 1 funder, grant income fell $125k → $25k.

Funder
'18
'19
'20
'21
'22
'23
'24*
'25*
total
$251k
Gannon Universityunclassified
$100k
funders
3
3
2
2
2
1
1
1

Left out of every figure on this page: $1.7M from 2 payers (the payer shares this organization's board, largest Erie Community Foundation). These are real filings, and they are not money ERIE DOWNTOWN DEVELOPMENT CORPORATION raised.

From the IRS filings of ERIE DOWNTOWN DEVELOPMENT CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

ERIE DOWNTOWN DEVELOPMENT CORPORATION leans on a few funders — its largest provides 42% of grant income and the top three 83%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

58% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund ERIE DOWNTOWN DEVELOPMENT CORPORATION.

42%
largest funder
83%
top three
~3
effective funders

Largest funder’s share by year: 2018 40% · 2019 40% · 2020 67% · 2021 78% · 2022 66% · 2023 100% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of ERIE DOWNTOWN DEVELOPMENT CORPORATION's grant income comes from Pennsylvania funders.

PA

In-state vs out-of-state, by year

’18
’19
’20
’21
’22
’23
Pennsylvania out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

ERIE DOWNTOWN DEVELOPMENT CORPORATION runs a healthier operating margin than three-quarters of the 4,203 community improvement nonprofits its size.

Operating margin47% · top quartile
Months of reserve4.6mo · below the median
Revenue growth (annualized)22% · top quartile

this organization peer median middle 50% of peers· 4,203 community improvement nonprofits $1M–$10M, FY2024

Organizations like ERIE DOWNTOWN DEVELOPMENT CORPORATION

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Pennsylvania

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

57% of spending goes to programs.

Program 57%Management 43%Fundraising 0%

Governance

11
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy–Document retention✓Board reviewed the 990✓Audited financials

Public support

55%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

PA

Part of a family of 13 related entities

  • North Park Row LLC · disregarded
  • Npr Beverage Company · disregarded
  • Bonnell Building LLC · disregarded
  • Cashier's House LLC · disregarded
  • 10 East 5th Street LLC · disregarded

Screen this organization

A dated, signed PDF of the compliance screen for ERIE DOWNTOWN DEVELOPMENT CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds ERIE DOWNTOWN DEVELOPMENT CORPORATION?
ERIE DOWNTOWN DEVELOPMENT CORPORATION (Pennsylvania) receives grants from 4 organizations whose IRS filings report $601,276 to it, the largest being MERCYHURST UNIVERSITY ($251,276). 4 of them have funded it in more than one year.
How many funders does ERIE DOWNTOWN DEVELOPMENT CORPORATION have?
IRS filings report 4 organizations giving $601,276 in grants to ERIE DOWNTOWN DEVELOPMENT CORPORATION, 4 of which have funded it in more than one year.
Who is the largest funder of ERIE DOWNTOWN DEVELOPMENT CORPORATION?
MERCYHURST UNIVERSITY is the largest funder on record, with $251,276 in grants. The full list of funders is on this page.
How can an organization like ERIE DOWNTOWN DEVELOPMENT CORPORATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Pennsylvania. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2018–2024), and the filings of 4 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing