2024-11-13T12:41:41-05:00 2023-12-31 251690617 SCHAFFNER KNIGHT MINNAUGH & CO PC 1545 WEST 38TH STREET ERIE PA 165082347 990 2023-01-01 820709054 ERIE DOWNTOWN DEVELOPMENT CORPORATION ERIE 8148702850 10 EAST 5TH STREET ERIE PA 16507 ANDREW S WHITING CEO 8144509380 2024-11-11 true false MATTHEW J MINNAUGH CPA P00964448 8144541997 2024-11-11 2023 2024-10-15 13:58:12Z ANDREW S WHITING 10 E 5TH STREET ERIE PA 16507 13763097 false X WWW.ERIEDDC.ORG X 2017 PA 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. X 12 12 35 0 64010 486230 475852 762411 279372 5137 301054 316771 1120288 1570549 13500 0 25157 1507260 1446988 0 0 541684 1157819 2062444 2629964 -942156 -1059415 14910077 4973898 14403003 5376239 507074 -402341 X 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. false false 1187230 TO PROMOTE THE WELFARE OF THE PEOPLE OF THE CITY OF ERIE, PENNSYLVANIA (THE "CITY"). TO COMBAT COMMUNITY DETERIORATION, PROVIDE RELIEF TO THE POOR AND DISTRESSED, STABILIZE, AND GENERALLY TO OTHERWISE PROMOTE REDEVELOPMENT IN THE CITY'S DOWNTOWN. 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. 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. 1187230 true false false false false false false false false false true false false true true false true true false false false false false false false false false false false true false false false false false false false false false false false true true true false false false true 19 0 35 true false false false false false false false false false false false false false false X 12 12 true false false false false false false true true false false true true true true true false true true false PA X PAULA GREGORY 8144509380 10 EAST 5TH STREET ERIE PA 16507 JOHN M PERSINGER FORMER CEO 40.00 X 189231 0 26680 PAULA GREGORY CONTROLLER 40.00 X 121760 0 20693 ANDREW S WHITING CEO 40.00 X 103942 0 19592 COREY COOK DIREC OF OPE 40.00 X 82692 0 22792 RYAN HOOVER EXPERIENCE D 40.00 X 83462 0 11795 MARK INSCHO FOOD & BEVER 40.00 X 80192 0 11888 KAREN BILOWITH DIRECTOR X 0 0 0 MICHAEL COLPOYS DIRECTOR X 0 0 0 JOHN DILL DIRECTOR X 0 0 0 BRIAN DURNIOK SECRETARY X X 0 0 0 THOMAS HAGEN DIRECTOR X 0 0 0 WALTER IWANENKO VICE PRESIDE X X 0 0 0 KATIE JONES TREASURER X X 0 0 0 ANITA KUCHCINSKI DIRECTOR X 0 0 0 TIMOTHY G NECASTRO PRESIDENT X X 0 0 0 DANIEL ONORATO DIRECTOR X 0 0 0 ROGER RICHARDS DIRECTOR X 0 0 0 JAMES STEVENSON DIRECTOR X 0 0 0 661279 113440 3 true true false WHOLE FOODS COOPERATIVE 1341 WEST 26TH STREET ERIE PA 16508 MANAGEMENT SERV 225000 1 486230 486230 PROPERTY MANAGEMENT INCOME 531110 274443 274443 DEVELOPMENT SERVICES INCOME 273599 273599 SERVICE INCOME 113687 113687 CAM FEE INCOME 87537 87537 OTHER INCOME 8227 8227 4918 4918 762411 6208 6208 12070594 12071665 -1071 -1071 -1071 437654 120883 316771 316771 1570549 1084319 25157 25157 558809 197566 361243 269944 269944 508808 508808 109427 69564 39863 54747 29729 25018 43094 4631 38463 17663 8256 9407 12645 991 11654 33515 23071 10444 3647 3647 212440 150746 61694 10473 78 10395 23529 22049 1480 26329 20303 6026 97000 82423 14577 CO-OP VENDOR SUPPORT 242727 242727 BAD DEBT EXPENSE 175000 175000 CEO SEACH EXPENSE 99409 99409 COMMUNITY ENGAGEMENT 41787 41787 63814 40211 23603 2629964 1187230 1442734 0 572639 716670 66 20041 710000 6465 5292 22382 21537 29212 23045 1028543 110076 3274234 918467 150000 343147 10145079 2925699 14910077 4973898 517731 462903 13566099 4805800 319173 107536 14403003 5376239 X 507074 -552341 150000 507074 -402341 14910077 4973898 X -1059415 150000 X false true X true false X 467143 1598685 344079 64010 486230 2960147 467143 1598685 344079 64010 486230 2960147 1283610 1676537 2960147 3840702 0.56640 0.63200 X 399132 399132 591653 98187 493466 37758 11889 25869 918467 CONSTRUCTION IN PROGRESS 2877607 RELATED PARTY RECEIVABLE 48092 2925699 OPERATING LEASE LIABILITIES 91369 OTHER SHORT TERM LIAB. 16167 107536 1570549 1570549 1570549 2629964 2629964 2629964 X X false false false false false false false false false JOHN M PERSINGER FORMER CEO 129231 60000 26020 660 215911 SALE OF WRAP BUILDING 2023-03-28 12070594 SALE 999999999 EXCHANGE OPPORTUNITY FUND I LLC 100 ERIE INSRUANCE PLACE ERIE PA 16530 CORP false false false false FORM 990, PAGE 2, PART III, LINE 4D 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. FORM 990, PAGE 6, PART VI, LINE 2 ERIE INDEMNITY COMPANY ERIE INDEMNITY COMPANY CEO CHAIRMAN BUSINESS RELATIONSHIP ERIE INDEMNITY COMPANY RICHARDS & ASSOCIATES CHAIRMAN OWNER BUSINESS RELATIONSHIP FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY BOARD OF DIRECTORS BEFORE SIGNING. FORM 990, PAGE 6, PART VI, LINE 12C EACH BOARD MEMBER ANNUALLY REVIEWS AND SIGNS THE CONFLICT OF INTEREST POLICY, AND HAS A DUTY TO DISCLOSE CONFLICTS IF THEY ARE TO ARISE. FORM 990, PAGE 6, PART VI, LINE 15A BOARD OF DIRECTORS DETERMINED SALARY OF CEO. SALARIES WERE DETERMINED UPON CONCLUSION OF AN INDEPENDENT MARKET ANALYSIS. FORM 990, PAGE 6, PART VI, LINE 15B BOARD OF DIRECTORS DETERMINED SALARY OF TWO VICE PRESIDENTS AND CONTROLLER. SALARIES WERE DETERMINED UPON CONCLUSION OF AN INDEPENDENT MARKET ANALYSIS. FORM 990, PAGE 6, PART VI, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9 RESTRICTED CONTRIBUTIONS 150,000 BLOCK 3 DEVELOPMENT MM, LLC ELIMINATION 0 FLAGSHIP COMPLEX MM, LLC ELIMINATION 0 TOTAL 150,000 NORTH PARK ROW LLC 417 STATE STREET ERIE PA 16501 320574204 RENTAL PA -21055 1601228 ERIE DOWNT NPR BEVERAGE COMPANY 417 STATE STREET ERIE PA 16501 384097545 HOLDING PA -276076 198423 ERIE DOWNT BONNELL BUILDING LLC 417 STATE STREET ERIE PA 16501 371934981 RENTAL PA ERIE DOWNT CASHIER'S HOUSE LLC 417 STATE STREET ERIE PA 16501 301181074 RENTAL PA ERIE DOWNT 10 EAST 5TH STREET LLC 417 STATE STREET ERIE PA 16501 384108897 RENTAL PA ERIE DOWNT 5TH AND STATE EAST LLC 417 STATE STREET ERIE PA 16501 364927791 RENTAL PA ERIE DOWNT 5TH AND STATE WEST LLC 417 STATE STREET ERIE PA 16501 843205566 RENTAL PA ERIE DOWNT BLOCK 3 DEVELOPMENT LLC 417 STATE STREET ERIE PA 16501 851550307 RENTAL PA ERIE DOWNT 5TH AND PEACH LLC 417 STATE STREET ERIE PA 16501 851383869 RENTAL PA -38978 182763 ERIE DOWNT EDDC PROPERTY MANAGMENT LLC 417 STATE STREET ERIE PA 16501 873667173 PROP MGT PA -140738 85180 ERIE DOWNT CASHIER'S HOUSE BEVERAGE CO 417 STATE STREET ERIE PA 16501 874033846 HOLDING PA 37536 130273 ERIE DOWNT FLAGSHIP COMPLEX MM LLC 417 STATE STREET ERIE PA 16501 862013435 REAL ESTAT PA N/A false BLOCK 3 DEVELOPMENT MM LLC 417 STATE STREET ERIE PA 16501 871093876 REAL ESTAT PA N/A false false false false false false false false false false false false false false false false false false false false