POTTSVILLE AREA DEVELOPMENT CORPORATION
ONE SOUTH SECOND STREET, POTTSVILLE, PA 17901

Total Revenue
$145,404
Total Expenses
$111,296
Net Assets
$1,986,670

Organizations Filed Purposes: BUSINESS PROMOTION AND REVITALIZATION OF DOWNTOWN POTTSVILLE, PENNSYLVANIA THROUGH LOW-INTEREST REVOLVING LOANS AND BUILDING RENOVATIONS.

PROVIDED MANAGEMENT AND ACCOUNTING SERVICES TO THREE 501(C)3 ORGANIZATIONS AND THE POTTSVILLE PARKING AUTHORITY.

ISSUED LOANS TO QUALIFIED BUSINESSES TOTALING $19,046 IN 2019 AND RECEIVED PRINCIPAL REPAYMENTS ON OUTSTANDING LOANS TOTALING $458,016 UPON WHICH INTEREST INCURRED WAS RECEIVED TOTALING $50,562 PRINCIPAL REPAYMENTS WERE USED FOR NEW LOANS.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Savas LogothetidedsExecutive Direc40$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202043199349300429_public.xml