Overview
What is Berwyn Development Corporation?
Berwyn Development Corporation, located at 3322 S Oak Park Ave, Berwyn, Illinois 60402, is a dedicated nonprofit organization with a mission to foster and enhance the economic growth and vitality of the Berwyn community. Through various renovation projects, events, and promotions, the corporation actively works towards the development and promotion of the city. With a team of 16 dedicated individuals, Berwyn Development Corporation contributes significantly to the community's economic prosperity.
Official website here: www.berwyn.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Berwyn Development Corporation has achieved an impressive 92% score, earning it a Four-Star rating, which reflects its strong commitment to transparency and financial accountability. This score is primarily based on the organization's Accountability & Finance measures, indicating efficient use of resources and effective governance practices.
Key strengths highlighted include 100% independent board membership, robust financial oversight, and no material diversion of assets. The organization has also demonstrated a solid program expense ratio of 76.05%, suggesting that a significant portion of its expenditures directly supports its mission-driven activities.
However, one noted limitation is the absence of a whistleblower policy, which could enhance organizational transparency and employee protection. Despite this minor drawback, the overall performance of the Berwyn Development Corporation indicates a well-managed nonprofit, dedicated to serving its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Berwyn Development Corporation legitimate?
Berwyn Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Berwyn Development Corporation 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: $146,797
Professional Fundraising Fees: $0
Other Salaries and Wages: $553,183
For more financial information, click here
Official website here: www.berwyn.net
What is the mission statement of Berwyn Development Corporation?
The Berwyn Development Corporation is dedicated to supporting and fostering the economic growth and vitality of its community. This is achieved through various activities, including the development and promotion of the city through renovation projects, events, and promotions. The corporation's primary goal is to contribute positively to the city's economy and enhance its overall well-being. It does this by initiating and supporting initiatives that encourage economic development and enhance the city's appeal. The organization's mission is rooted in its commitment to the betterment of the community it serves.
Official website here: www.berwyn.net
Who is the CEO of Berwyn Development Corporation?
David Hulseberg is the Executive Director of Berwyn Development Corporation.
Official website here: www.berwyn.net
What is the revenue of Berwyn Development Corporation?
Berwyn Development Corporation's revenue in 2022 was $1,786,497.
Official website here: www.berwyn.net
Who are the executives of Berwyn Development Corporation and what are their salaries?
The average compensation at Berwyn Development Corporation during 2022 was $43,749. There are 16 employees and 150 volunteers at Berwyn Development Corporation.
Here are 16 key members and their salaries:
- Compensation: $185,000
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Official website here: www.berwyn.net
Where can I find the form 990 for Berwyn Development Corporation?
Berwyn Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.berwyn.net
Learn more at the official website: www.berwyn.net
Mission Statement of Berwyn Development Corporation
Berwyn Development Corporation, as a dedicated nonprofit entity, is devoted to tasks that foster and bolster the economic progress and thriving nature of the Berwyn community. Its primary mission is to actively engage in activities that stimulate and enhance the economic growth and vitality of this community. To realize this objective, the organization undertakes initiatives such as renovation projects, organizes events, and promotes the city through various promotional measures. By doing so, Berwyn Development Corporation plays a significant role in contributing to the overall development and prosperity of the Berwyn community.
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Impact
October, 2024
Berwyn Development Corporation significantly enhances the economic growth and vitality of Berwyn, Illinois. By spearheading renovation projects, the organization revitalizes both commercial and residential areas, attracting new businesses and improving the overall aesthetic of the community. Their strategic focus on community events and promotions fosters a vibrant local culture, encourages community engagement, and strengthens connections among residents and businesses. This holistic approach not only stimulates economic activity but also enhances the quality of life for Berwyn's residents, ensuring a thriving environment for future development and community improvement.
This information is meant to be a general summary of Berwyn Development Corporation. 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: $154,824
- Program Service Revenue: $1,366,764
- Gross Receipts: $1,786,497
Assets and Liabilities:
- Total Assets: $3,585,733
- Total Liabilities: $1,744,476
- Net Assets: $1,841,257
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Administration Fees
Revenue
$875,500
Other Program Fees
Revenue
$233,788
Int. Income - Loan Program
Revenue
$74,589
Memberships
Revenue
$113,205
Sponsorships
Revenue
$68,132
Organization Details
Founding Year
1988
Phone
(708) 788-8100Principal Officer
David Hulseberg
Main Address
3322 S Oak Park Ave, Berwyn, IL, 60402
Website
www.berwyn.netNTEE Category
Code: S31Z - Community improvement
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