Overview
What is Greater Berks Development Fund?
Greater Berks Development Fund is a nonprofit organization located in Reading, Pennsylvania. Its primary mission is to foster economic and industrial growth in the Berks County area. They achieve this by offering real estate and machinery & equipment-related loans, as well as participating in other forms of lending for economic and industrial expansion projects. This nonprofit contributes to the community's economic well-being by financing and promoting projects that align with the local needs, aiming to generate jobs and encourage private investment, ultimately leading to a positive change in the available economic opportunities for residents and businesses.
Official website here: www.greaterreading.com
Is Greater Berks Development Fund legitimate?
Greater Berks Development Fund is a legitimate nonprofit organization registered as a 501(c)(4) entity. Greater Berks Development Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $307,721
Professional Fundraising Fees: $0
Other Salaries and Wages: $216,071
For more financial information, click here
Official website here: www.greaterreading.com
What is the mission statement of Greater Berks Development Fund?
The Greater Berks Development Fund aims to promote and facilitate economic and industrial expansion, contributing to the overall prosperity of the community. They achieve this by participating in and financing economic development and community revitalization projects. The fund's activities are aligned with the needs of the community, aiming to bring about positive changes in the economic opportunities available to residents and businesses. By doing so, they aim to create jobs and attract private investment, ultimately improving the community's overall economic well-being.
Official website here: www.greaterreading.com
Who is the CEO of Greater Berks Development Fund?
Debra Millman is the Chairman Of The Board of Greater Berks Development Fund. The CEO's salary of Greater Berks Development Fund is $0 and their total compensation is $251,569.
Official website here: www.greaterreading.com
What is the revenue of Greater Berks Development Fund?
Greater Berks Development Fund's revenue in 2022 was $4,581,165.
Official website here: www.greaterreading.com
Who are the executives of Greater Berks Development Fund and what are their salaries?
There 17 volunteers at Greater Berks Development Fund.
Here are 20 key members and their salaries (Greater Berks Development Fund's CEO's salary is $0 and their total compensation is $251,569):
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $154,134
- Other: $21,272
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $0
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- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $236,734
- Other: $14,835
- Compensation: $0
- Related: $152,672
- Other: $15,230
Official website here: www.greaterreading.com
Where can I find the form 990 for Greater Berks Development Fund?
Greater Berks Development Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.greaterreading.com
Learn more at the official website: www.greaterreading.com
Mission Statement of Greater Berks Development Fund
The Greater Berks Development Fund is an organization that plays a significant role in promoting economic expansion and industrial growth in its community. Their mission is to contribute to the economic well-being of Reading and Berks County by facilitating, promoting, and participating in economic development and community revitalization projects. They finance these projects, ensuring they align with the needs of the community, with the ultimate goal of inducing positive change in the economic opportunities available to residents and businesses. By facilitating job creation and attracting private investment, the Greater Berks Development Fund aims to enhance the overall economic landscape of the community.
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Impact
October, 2024
The Greater Berks Development Fund significantly impacts the economic landscape of Reading and Berks County by facilitating and financing projects that promote industrial and economic expansion. By providing real estate and machinery-related loans, the Fund actively supports local businesses and encourages new investments, which in turn generates employment opportunities.
Through its efforts in community revitalization, the Fund addresses the unique needs of the community, fostering positive changes that enhance the economic well-being of residents. This commitment not only aids existing businesses but also attracts new ventures, contributing to a more robust and diverse economic environment. Overall, the Greater Berks Development Fund plays a crucial role in strengthening the local economy and improving the quality of life for those in the region.
This information is meant to be a general summary of Greater Berks Development Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $192,698
- Program Service Revenue: $2,728,745
- Gross Receipts: $5,001,565
Assets and Liabilities:
- Total Assets: $36,026,079
- Total Liabilities: $19,621,240
- Net Assets: $16,404,839
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GATEWAY BLDG OPERATIONS
Revenue
$2,383,330
COURT STREET OPERATIONS
Revenue
$333,525
DIR. FINANCE LEASE INC.
Revenue
$11,890
Organization Details
Founding Year
1947
Phone
(610) 376-6766Principal Officer
Debra Millman
Main Address
606 COURT ST 100, READING, PA, 19601
Website
www.greaterreading.comNTEE Category
Code: S31 - Community improvement
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