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CDC2 signals

New Kensington CDC

Filed as New Kensington Community Development Corp
EIN 22-2610536Philadelphia, PA
IRS filings on ProPublica →News coverage →
First on record
2011
Latest filing
2023
Years filed
13
Latest revenue
$3,943,941
Latest staff

Current leadership

Form 990 Part VII, FY 2023
Executive
William Mckinney
Executive Director
Reported pay
$163,057
NameRoleReported pay
William MckinneyExecutive Director$163,057
Nicole WestermanDeputy Executive Director$132,133
Frank IannuzziPresident
Ralph WhitfieldVice President
Michael AllesSecretary
Deborah Mc CollochTreasurer
Keiko Tsuruta CramerBoard Member
Michael AccianiBoard Member
Kaylam AkpanBoard Member
Richard FreehBoard Member

Current as of the latest Form 990. A “departed” tag is the date that filing recorded an officer leaving, a documented transition.

CDC Tax Credit

City of Philadelphia program
Status
Active participant
In the program since 2012
Annual contribution
$85,000

A business sponsor contributes to this CDC for a tax credit against city business tax. Recorded in the 2015, 2016, 2017, 2018, 2019, 2020 annual reports. Source PDF →

Operational lifespan

Each block is one year
20112023

Revenue and expenses

Structural size over time
$0$4.3M$8.5M201120172023
Revenue Expenses Possible leadership transition

Officer compensation

Leadership-transition signal
$0$131K$262K201120172023
Total officer pay Possible leadership transition

Officer compensation shifted sharply in 2017 and 2023, each a candidate year for an executive-director change worth confirming against the 990 itself.

Year by year

From IRS Form 990
YearRevenueExpensesAssetsOfficer payStaff990
2023$3,943,941$4,575,064$10,006,839$0PDF
2022$3,789,688$3,922,125$10,732,442$223,154PDF
2021$4,201,453$3,123,114$10,615,828$205,577
2020$3,754,620$3,094,027$9,320,142$252,852PDF
2019$3,598,146$2,566,936$8,174,018$225,515PDF
2018$3,144,136$2,504,862$7,019,642$231,086PDF
2017$8,503,812$8,077,816$6,320,112$262,222PDF
2016$6,702,762$6,235,289$8,191,881$109,774PDF
2015$2,051,644$2,098,951$5,521,014$104,577PDF
2014$1,911,109$1,805,355$3,901,835$101,565PDF
2013$2,301,460$2,215,905$3,603,250$101,049PDF
2012$1,913,928$1,845,274$3,376,587$97,964PDF
2011$2,228,490$1,923,737$3,590,197$95,957PDF