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Berks County Nonprofit Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 464136425 ✦ Mohnton, PA ✦ Designated as a 501(c)(3)

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Overview

What is Berks County Nonprofit Development Corporation?

Berks County Nonprofit Development Corporation is a nonprofit entity based in Mohnton, Pennsylvania, with an address at 400 E Wyomissing Avenue 2, ZIP code 19540. Its primary mission is to foster economic development, contributing to the objectives of the Redevelopment Authority of the County of Berks (RACB). This support encompasses potential future activities such as constructing offices for the county, developing low-income rental housing, and establishing an emergency shelter for homeless families, in adherence to the Pennsylvania Urban Redevelopment Act of 1945.

Is Berks County Nonprofit Development Corporation legitimate?

Berks County Nonprofit Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Berks County Nonprofit 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Berks County Nonprofit Development Corporation?

The Berks County Nonprofit Development Corporation's mission is centered around promoting economic development. This is achieved by supporting the mission of the Redevelopment Authority of the County of Berks (RACB), which is tasked with carrying out the purposes of the Pennsylvania Urban Redevelopment Act of 1945. The corporation's role is to benefit, perform functions for, or support the RACB. Future projects anticipated by the RACB include constructing offices for lease, developing low-income rental housing, and creating an emergency shelter for homeless families. The corporation's activities contribute to the broader economic development goals of the community.

Who is the CEO of Berks County Nonprofit Development Corporation?

Kenneth Pick is the Chairman of Berks County Nonprofit Development Corporation.

What is the revenue of Berks County Nonprofit Development Corporation?

Berks County Nonprofit Development Corporation's revenue in 2022 was $2,938,600.

Who are the executives of Berks County Nonprofit Development Corporation and what are their salaries?

There 5 volunteers at Berks County Nonprofit Development Corporation.


Here are 6 key members and their salaries:


Glenn Yeager (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eileen Kastura (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Ruth (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diodato Bassano (Treasurer/Assistant Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jorge Diaz (Assistant Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Pick (Executive Director)
  • Compensation: $0
  • Related: $135,194
  • Other: $10,980
Where can I find the form 990 for Berks County Nonprofit Development Corporation?

Berks County Nonprofit Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Berks County Nonprofit Development Corporation

Berks County Nonprofit Development Corporation, in its mission, aims to foster economic development. This is achieved by supporting the objectives of the Redevelopment Authority of the County of Berks (RACB), an entity that operates under the Pennsylvania Urban Redevelopment Act of 1945. The corporation's role is to contribute to economic growth by managing assets, performing functions, or providing support to the RACB.

The anticipated activities of the RACB, which the Berks County Nonprofit Development Corporation assists, include constructing offices for lease, developing low-income rental housing, and establishing an emergency shelter for homeless families. By collaborating with the RACB, this nonprofit organization contributes to the betterment of its community, providing resources and support for various developmental projects. The ultimate goal is to promote economic growth and development, thereby improving the overall well-being of the community.

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Impact




October, 2024

Berks County Nonprofit Development Corporation plays a vital role in promoting economic development and revitalization within Berks County. By supporting the Redevelopment Authority of the County of Berks (RACB), it contributes to significant projects aimed at enhancing the local community's infrastructure and quality of life.

The organization focuses on strategic investments and asset management to facilitate essential developments. Upcoming projects include the construction of office spaces for county leasing, the creation of low-income rental housing, and the establishment of an emergency shelter for homeless families. These initiatives are not only crucial for immediate community needs but also align with broader goals of economic and social improvement as outlined in the Pennsylvania Urban Redevelopment Act of 1945.

Through its efforts, the Berks County Nonprofit Development Corporation directly impacts community enhancement, ensuring that essential services and housing options are accessible to residents. This commitment to economic development strengthens community resilience, fosters inclusive growth, and addresses pressing social issues, ultimately contributing to a more vibrant and sustainable environment for all.




This information is meant to be a general summary of Berks County Nonprofit 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.

Revenue
$2,938,600 (2022)
Expenses
$2,005,903 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $190
  • Program Service Revenue: $2,938,395
  • Gross Receipts: $2,938,600

Assets and Liabilities:

  • Total Assets: $17,246,187
  • Total Liabilities: $13,462,708
  • Net Assets: $3,783,479

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

HOME PROJECT FUNDS

Revenue

$1,589,854

RENTAL INCOME

Revenue

$1,348,541

Organization Details

Founding Year

2013

Principal Officer

Kenneth Pick

Main Address

400 E WYOMISSING AVENUE 2, MOHNTON, PA, 19540

NTEE Category

Code: S31 - Community improvement

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