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New Kensington CDC
Filed as New Kensington Community Development Corp
17 Frankford Ave
First on record
2011
Latest filing
2023
Years filed
13
Income
$3,943,941
Large
Size (assets)
$10,006,839
Large
Current leadership
Executive
William Mckinney
Executive Director
Reported pay
$163,057
| Name | Role |
|---|---|
| William Mckinney | Executive Director |
| Nicole Westerman | Deputy Executive Director |
| Frank Iannuzzi | President |
| Ralph Whitfield | Vice President |
| Michael Alles | Secretary |
| Deborah Mccolloch | Treasurer |
| Keiko Tsuruta Cramer | Board Member |
| Michael Acciani | Board Member |
| Kaylam Akpan | Board Member |
| Richard Freeh | Board 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
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
20112023
Revenue and expenses
Revenue Expenses Possible leadership transition
Officer compensation
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.
In the news
More on Google News →Philly violence prevention groups say they were flourishing. Then the Trump DOJ cut their funding. - Inquirer.com
Philly opens drug recovery home as part of Kensington revival plan - Billy Penn at WHYY
Boom to bust to blight to bloom: The long and often troubled life of a Fishtown lot - Inquirer.com
The man who designed Philly’s most expensive condo is leaving his architecture firm after 40 years - Inquirer.com
Philly awards 20 grants to Kensington groups battling opioid crisis - WHYY
Opinion: History is repeating in Kensington. It doesn’t have to be this way - WHYY
‘What we need is leadership’: Kensington councilmembers say mayor is failing community - WHYY
Felix M. Torres-Colon, executive director of New Kensington CDC, dies at 62 - Inquirer.com
CDCs revitalized America's poor neighborhoods. What is their role as a community gentrifies? - Inquirer.com
Drop that poster! Philly to crack down on illegal fliers on poles - Inquirer.com
A half million dollar makeover for a Philly block - Inquirer.com
Abandoned factories pose a problem in reviving Philly areas - Inquirer.com
Kensington's bright side has its adherents - Inquirer.com
Year by year
| Year | Revenue | Expenses | Assets | Officer pay | 990 |
|---|---|---|---|---|---|
| 2023● | $3,943,941 | $4,575,064 | $10,006,839 | $0 | |
| 2022 | $3,789,688 | $3,922,125 | $10,732,442 | $223,154 | |
| 2021 | $4,201,453 | $3,123,114 | $10,615,828 | $205,577 | — |
| 2020 | $3,754,620 | $3,094,027 | $9,320,142 | $252,852 | |
| 2019 | $3,598,146 | $2,566,936 | $8,174,018 | $225,515 | |
| 2018 | $3,144,136 | $2,504,862 | $7,019,642 | $231,086 | |
| 2017● | $8,503,812 | $8,077,816 | $6,320,112 | $262,222 | |
| 2016 | $6,702,762 | $6,235,289 | $8,191,881 | $109,774 | |
| 2015 | $2,051,644 | $2,098,951 | $5,521,014 | $104,577 | |
| 2014 | $1,911,109 | $1,805,355 | $3,901,835 | $101,565 | |
| 2013 | $2,301,460 | $2,215,905 | $3,603,250 | $101,049 | |
| 2012 | $1,913,928 | $1,845,274 | $3,376,587 | $97,964 | |
| 2011 | $2,228,490 | $1,923,737 | $3,590,197 | $95,957 |