EIN 23-6392284

Greater Berks Development Fund

Name: Greater Berks Development Fund financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(4)

Num. employees

City

Reading

State

Pennsylvania

Year formed

1947

Most recent tax filings

2023-12-01

NTEE code, primary

S31: Urban, Community Economic Development

Description

The Greater Berks Development Fund aids and promotes economic and industrial expansion, contributes to the economic well-being of Reading and Berks County by facilitating, promoting, and participating in and financing economic development and community. The fund grants real estate and machinery & equipment-related loans, assists in other economic and industrial-type lending to aid and promote the economic and industrial expansion in Reading & Berks county.

Related structure

Greater Berks Development Fund is a subordinate organization under Greater Reading Chamber and Economic Development Corporation.

Total revenues

$3,411,004

2023

Total expenses

$3,293,042

2023

Total assets

$36,750,712

2023

Num. employees

2023

Program areas at Greater Berks Development Fund

The Fund grants real estate and machinery & equipment-related loans and assists in other economic and industrial-type lending to aid and promote the economic and industrial expansion in reading & Berks county.

Who funds Greater Berks Development Fund

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Philadelphia Industrial Development Corporation (PIDC)	2022-12	Economic Development and Supporting Growing Businesses	$40,854
Greater Reading Chamber and Economic Development Corporation	2023-12	Advancement	$34,802

Personnel at Greater Berks Development Fund

Name	Title	Compensation	Date of data
James Gerlach	Chief Executive Officer	$0	2022-12-31
Melissa Hassler	President and Chief Executive Officer		2021-11-29
Ed Swoyer	Chief Financial Officer		2021-11-29
Dave Myers	Vice President of Development		2021-11-29
Aaron Gantz	Director of Marketing and Communications / Senior Director of Economic Development		2021-11-29
...and 16 more key personnel

Financials for Greater Berks Development Fund

Revenues	FYE 12/2023	FYE 12/2022	% Change
Total grants, contributions, etc.	$205,539	$640,485	-67.9%
Program services	$2,765,638	$2,728,745	1.4%
Investment income and dividends	$587,044	$517,845	13.4%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$-160,092	$-325,147	50.8%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$12,875	$1,019,237	-98.7%
Total revenues	$3,411,004	$4,581,165	-25.5%

Form 990s for Greater Berks Development Fund

Fiscal year ending	Date received by IRS	Form	PDF link
2023-12	2024-09-05	990	View PDF
2022-12	2023-09-12	990	View PDF
2021-12	2022-08-04	990	View PDF
2020-12	2021-08-26	990	View PDF
2019-12	2021-06-07	990	View PDF
...and 11 more Form 990s

Organizations like Greater Berks Development Fund

Organization	Type	Location	Revenue
Development Corporation of Tarrant County	501(c)(3)	Fort Worth, TX	$5,365,540
VestedIn	501(c)(3)	Philadelphia, PA	$1,888,461
Rock Island Economic Growth Corporation	501(c)(3)	Rock Island, IL	$2,442,309
Northside Residents Redevelopment Council	501(c)(3)	Minneapolis, MN	$1,250,892
Citywide Development Corporation	501(c)(4)	Dayton, OH	$7,566,754
The Bwi Business Partnership	501(c)(4)	Linthicum Heights, MD	$1,779,970
Greater Lafayette Commerce / Lafayette-West Lafayette Development Corporation	501(c)(4)	Lafayette, IN	$4,383,419
Southern Alleghenies Planning and Development Corporation (SAP&DC)	501(c)(4)	Altoona, PA	$11,239,674
NS Community Planning and Dev Corporation	501(c)(3)	New Square, NY	$1,120,075
The Glendower Group	501(c)(3)	New Haven, CT	$1,539,625

Data update history

October 21, 2024

Posted financials

Added Form 990 for fiscal year 2023

December 23, 2023

Received grants

Identified 1 new grant, including a grant for $40,854 from Philadelphia Industrial Development Corporation (PIDC)

November 12, 2023

Posted financials

Added Form 990 for fiscal year 2022

November 7, 2023

Updated personnel

Identified 2 new personnel

August 17, 2023

Posted financials

Added Form 990 for fiscal year 2021

Nonprofit Types

Public sector nonprofitsBusiness and community development organizationsChapter / child organizations

Issues

Human servicesCommunity improvementHousingEconomic development

Characteristics

State / local levelReceives government fundingNo full-time employees

General information

Address: 606 CT St 100; Reading, PA 19601
Metro area: Reading, PA
County: Berks County, PA
Website URL: greaterreading.org/
Phone: (610) 376-6766

IRS details

EIN: 23-6392284
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 1947
Eligible to receive tax-deductible contributions (Pub 78): No

Categorization

NTEE code, primary: S31: Urban, Community Economic Development
NAICS code, primary: 926110: Economic Development Corporations and Economic Program Organizations
Parent/child status: Subordinate organization

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Greater Berks Development Fund

Program areas at Greater Berks Development Fund

Who funds Greater Berks Development Fund

Personnel at Greater Berks Development Fund

Financials for Greater Berks Development Fund

Form 990s for Greater Berks Development Fund

Organizations like Greater Berks Development Fund

Nonprofits

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