Pidc Financing Corporation
PIDC Financing Corporation is a 501(c)(4) civic league based in Philadelphia, Pennsylvania, operating as a subordinate organization under the Philadelphia Industrial Development Corporation (PIDC). Founded in 1968, the organization administers loan programs funded by the Commonwealth of Pennsylvania that support growing businesses in the Philadelphia region.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.7M
-2.2% YoY
Revenue
$52K
+77.6% YoY
Net Investment Income
—
-100.0% YoY
Expenses
$3K
-87.4% YoY
Mission & Focus Areas
PIDC Financing Corporation administers loan programs designed to support business growth and development. The organization's primary focus includes:
- Servicing and administering the PIDA (Pennsylvania Industrial Development Authority) loan program
- Providing financing to businesses for the acquisition of real estate, leasehold improvements, and capital equipment
- Supporting urban and community economic development initiatives
Grantmaking
PIDC Financing Corporation operates primarily through loan administration rather than traditional grant-making. As of December 31, 2023, the PIDA loan portfolio totaled $4 million. The organization reported $0 in total giving on its most recent IRS Form 990 filing, indicating its primary function is loan servicing and administration rather than direct grant distribution.
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Geographic Focus
Where this funder awards grants
The organization operates in Philadelphia, Pennsylvania, with a focus on supporting businesses and economic development within the city and surrounding region.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2023:
- Total assets: $6,861,720
- Total revenues: $29,258
- Total expenses: $22,373
- Number of employees: 0
Historical data (2013):
- Assets: $11,656,439
- Income: $1,521,564
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,711,318 | $6,861,720 | $6,545,769 |
| Revenue | $51,975 | $29,258 | $44,847 |
| Expenses | $2,808 | $22,373 | $840 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | $1,244 | $15,844 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
51 grants across all recorded years
Open Grants
5 open opportunities from Pidc Financing Corporation
Philadelphia Diverse Emerging Leaders (PhiDEL) Scholarship & Internship Program
PIDC FINANCING CORPORATION
Amount
Up to $5,000 per scholarship (up to 2 scholarships awarded) + fully funded internship
Deadline
January 31, 2027
PIDC-D'Alessio Scholarship for Urban Development
PIDC FINANCING CORPORATION
Amount
Up to $2,500 per scholarship (up to 2 scholarships awarded)
Deadline
March 31, 2027
Redevelopment Assistance Capital Program (RACP)
PIDC FINANCING CORPORATION
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Thomas Queenan - Treasurer and Senior Vice President, Chief Operating Officer
- Tiffany Canady - Senior Vice President
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SALVATORE J PATTI | CHAIR | 0.03 | — |
| ANDREA ALLON | VICE-CHAIR (THRU 6/24) | 0.03 | — |
| KEVIN R BOYLE | SECRETARY | 0.03 | — |
| MIGUEL ALBAN | DIRECTOR | 0.01 | — |
| HONORABLE CINDY BASS | DIRECTOR | 0.03 | — |
| EMILY BITTENBENDER | DIRECTOR | 0.03 | — |
| ANNE BROOKS | DIRECTOR | 0.03 | — |
| CHELLIE CAMERON | DIRECTOR | 0.03 | — |
| CRAIG CARNAROLI | DIRECTOR | 0.03 | — |
| DOMINIQUE CASIMIR | DIRECTOR | 0.01 | — |
| FRED COSENZA | DIRECTOR | 0.01 | — |
| HONORABLE MICHAEL DRISCOLL | DIRECTOR | 0.03 | — |
| ROB DUBOW | DIRECTOR | 0.03 | — |
| RENEE GARCIA ESQ | DIRECTOR | 0.03 | — |
| JAY GOLDSTEIN | DIRECTOR | 0.03 | — |
| JOVAN GOLDSTEIN | DIRECTOR | 0.01 | — |
| LEE HUANG | DIRECTOR | 0.01 | — |
| LEROY JONES | DIRECTOR | 0.01 | — |
| BRIAN KEECH | DIRECTOR | 0.01 | — |
| JESSIE LAWRENCE | DIRECTOR (THRU 10/24) | 0.01 | — |
| SUN LEE | DIRECTOR (THRU 10/24) | 0.01 | — |
| JUAN LOPEZ | DIRECTOR | 0.03 | — |
| ALBA MARTINEZ | DIRECTOR | 0.03 | — |
| SUZANNE S MAYES ESQ | DIRECTOR | 0.03 | — |
| JOHN MONDLAK | DIRECTOR (THRU 10/24) | 0.01 | — |
| DOUGLAS OLIVER | DIRECTOR | 0.01 | — |
| HONORABLE CHERELLE PARKER | DIRECTOR | 0.01 | — |
| BRET PERKINS | DIRECTOR | 0.03 | — |
| ANGELO PERRYMAN | DIRECTOR | 0.01 | — |
| THOMAS AK QUEENAN | DIRECTOR | 0.01 | — |
| ADAM THIEL | DIRECTOR | 0.01 | — |
| JODIE HARRIS | PRESIDENT | 0.5 | — |
| SAMUEL RHOADS | EXECUTIVE VICE PRESIDENT | 0.5 | — |
| AMY C LEICHNER | EVP & CFO (START 9/25) | 1 | — |
| KATHLEEN MCNAMARA | SENIOR VICE PRESIDENT | 1.5 | — |
| ILENE BURAK | EXECUTIVE VICE PRESIDENT | 1.5 | — |
| LAWRENCE MCCOMIE | SENIOR VICE PRESIDENT | 0.5 | — |
| JENNIFER LUCAS CROWTHER | SENIOR VICE PRESIDENT | 0.5 | — |
Contact Information
Address: 1500 Market Street, Suite 3500W, Philadelphia, PA 19102-2115
Phone: 215-496-8020
Website: www.pidcphila.com
EIN: 36-4665239
Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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