Civic Intelligence

Adams County Economic Development Corporation

990 • Fiscal year 2023 • EIN 23-2165947

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 21, 2024

Organization ProfileWWW.ADAMSALLIANCE.ORG
1300 Proline PlaceGettysburg, PA 17325

(717) 334-0042

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

85th percentile

0.51x

Higher debt load relative to assets than 85% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

98th percentile

2.33x

Higher debt load relative to revenue than 98% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Net Margin

49th percentile

3.6%

Higher net margin than 49% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

53rd percentile

$148,722

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 22.3% of source-year revenue.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Asset Growth

46th percentile

5.0%

Faster asset growth than 46% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

77th percentile

22%

Faster revenue growth than 77% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$3,073,988

Up $145,014 (+5.0%) from 2022

Net Assets

Up

$1,518,993

Up $24,115 (+1.6%) from 2022

Liabilities

Up

$1,554,995

Up $120,899 (+8.4%) from 2022

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin49th percentile

Revenue

Up

$667,695

Up $122,418 (+22%) from 2022

Expenses

Up

$643,580

Up $76,540 (+13%) from 2022

Net Income

Up

$24,115

Up $45,878 (+211%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth46th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $2,621,526Liabilities 2010: $1,424,265Net Assets 2010: $1,197,2612010Assets 2011: $2,619,254Liabilities 2011: $1,412,149Net Assets 2011: $1,207,1052011Assets 2012: $3,777,701Liabilities 2012: $2,587,755Net Assets 2012: $1,189,9462012Assets 2013: $4,223,083Liabilities 2013: $2,957,298Net Assets 2013: $1,265,7852013Assets 2014: $2,925,180Liabilities 2014: $1,787,176Net Assets 2014: $1,138,0042014Assets 2015: $2,387,467Liabilities 2015: $1,283,989Net Assets 2015: $1,103,4782015Assets 2016: $3,476,826Liabilities 2016: $2,356,902Net Assets 2016: $1,119,9242016Assets 2017: $3,475,936Liabilities 2017: $2,271,713Net Assets 2017: $1,204,2232017Assets 2018: $3,391,947Liabilities 2018: $2,109,686Net Assets 2018: $1,282,2612018Assets 2019: $3,275,113Liabilities 2019: $1,928,505Net Assets 2019: $1,346,6082019Assets 2020: $3,230,343Liabilities 2020: $1,793,527Net Assets 2020: $1,436,8162020Assets 2021: $3,137,424Liabilities 2021: $1,620,782Net Assets 2021: $1,516,6422021Assets 2022: $2,928,974Liabilities 2022: $1,434,096Net Assets 2022: $1,494,8782022Assets 2023: $3,073,988Liabilities 2023: $1,554,995Net Assets 2023: $1,518,9932023Assets 2024: $2,955,538Liabilities 2024: $1,343,573Net Assets 2024: $1,611,9652024

Highlighted filing

2023

Assets$3,073,988
Liabilities$1,554,995
Net Assets$1,518,993
Open 2023 Filing

Operations Trend

Revenue Growth77th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $452,5252010Expenses 2011: $369,0582011Revenue 2012: $360,301Expenses 2012: $408,710Net Income 2012: -$48,4092012Expenses 2013: $832,1682013Revenue 2014: $324,101Expenses 2014: $451,882Net Income 2014: -$127,7812014Revenue 2015: $427,873Expenses 2015: $462,399Net Income 2015: -$34,5262015Revenue 2016: $492,128Expenses 2016: $440,247Net Income 2016: $51,8812016Revenue 2017: $543,607Expenses 2017: $459,308Net Income 2017: $84,2992017Revenue 2018: $576,099Expenses 2018: $497,481Net Income 2018: $78,6182018Revenue 2019: $556,687Expenses 2019: $492,115Net Income 2019: $64,5722019Revenue 2020: $569,432Expenses 2020: $479,224Net Income 2020: $90,2082020Revenue 2021: $578,405Expenses 2021: $498,579Net Income 2021: $79,8262021Revenue 2022: $545,277Expenses 2022: $567,040Net Income 2022: -$21,7632022Revenue 2023: $667,695Expenses 2023: $643,580Net Income 2023: $24,1152023Revenue 2024: $892,776Expenses 2024: $799,804Net Income 2024: $92,9722024

Highlighted filing

2023

Revenue$667,695
Expenses$643,580
Net Income$24,115
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 21, 2024
Return Version
2023v5.1
Gross Receipts
$667,695
Mission and Program Overview

Mission

The adams county economic development corporation is a private, not-for- profit corporation dedicated to providing county-wide economic development services to benefit the citizens of adams acounty. The organization's programs are designed to assist existing employers and also to attract new employers to the adams county area. The organization's aim is to assist with job creation and job sustaining projects.

It is the mission of the adams county economic development corporation to develop and implement creative community-based strategies to enhance economic opportunity and foster a dynamic framework for balanced growth and development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,109,699$1,071,703▼ $37,996
Other Notes and Loans Receivable, Net$1,123,582$928,731▼ $194,851
Savings and Temporary Cash Investments$316,489$652,149▲ $335,660
Cash and Non-Interest-Bearing Accounts$358,530$404,573▲ $46,043
Prepaid Expenses and Deferred Charges$14,934$12,597▼ $2,337
Accounts Receivable$5,740$4,235▼ $1,505
Total Assets$2,928,974$3,073,988▲ $145,014
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,418,228$1,215,880▼ $202,348
Deferred Revenue$1,000$323,900▲ $322,900
Accounts Payable and Accrued Expenses$7,385$7,732▲ $347
Escrow Account Liability$7,483$7,483→ $0
Total Liabilities$1,434,096$1,554,995▲ $120,899
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,494,878$1,518,993▲ $24,115
Total Net Assets Fund Balance$1,494,878$1,518,993▲ $24,115
Total Liabilities and Net Assets / Fund Balance$2,928,974$3,073,988▲ $145,014

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$737,970$715,614$1,453,584
Land$331,556-$331,556
Equipment$2,176$61,261$63,437
Other Land Buildings$1$24,777$24,778
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robin FitzpatrickPresidentFT$121,121$27,601$148,722
Kaycee KemperVice PresidentFT$82,162$15,531$97,693

Board Members and Trustees

NameTitle
Pete MartinChair
Mike CoglianoPast Chair
Carrie NaceVice-chair
Barbara HartmanBoard Member
Carrie StuartBoard Member
Chad CollieBoard Member
Chris DelaneyBoard Member
David LaughmanBoard Member
Joe MaldaBoard Member
Karl PeitrzakBoard Member
Marty QuallyBoard Member
Ned LeppoBoard Member
Nick BairBoard Member
Robert GordonBoard Member
Ron HankeyBoard Member
Sarah MesserBoard Member
Shanon ToalBoard Member
Shawn EckenrodeBoard Member
Steve RasmussenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$372,727
Program Service Revenue
$254,978
Investment Income
$26,075
Other Revenue
$13,915
All Other Contributions
$150
Change in Net Assets
$24,115

Audited Revenue Reconciliation

Revenue per Audited Statements
$667,695
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$667,695
Total Revenue per Form 990
$667,695
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$378,697
Other Expenses$264,883
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$246,415
Other Salaries and Wages---$83,418
Occupancy---$67,798
Interest---$45,099
Depreciation Depletion---$37,996
Advertising---$28,643
Payroll Taxes---$23,379
Other Employee Benefits---$22,429
Fees for Services Accounting---$19,000
Travel---$15,526
Office Expenses---$14,030
Fees for Services Other---$13,555
Insurance---$10,028
Fees for Services Legal---$3,737
Pension Plan Contributions---$3,056
Other Expenses---$1,176
Total Functional Expenses$0$0$0$643,580

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$643,580
Total Expenses per Audited Statements$643,580
Total Expenses per Form 990$643,580
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The 990 is reviewed by the president, chairman, and treasurer before filing. The remainder of the board has access to form 990 to review at any time after preparation.”

Form 990, Part VI, Section B, Line 12C

“Any conflict of interest is discussed and resolved at the bi-monthly board meetings.”

Form 990, Part VI, Section B, Line 15

“The executive committee reviews and approves all compensation for top management. The executive committee reviews and approves all compensation for top management.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Adams County Economic Development
EIN
23-2165947
Phone
7173340042
Address
1300 PROLINE PLACE, GETTYSBURG, PA 17325

Signing Officer

Name
Robin Fitzpatrick
Title
President
Phone
7173340042
Signed
2024-08-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robin Fitzpatrick
Formed
1960
Legal Domicile
Pa
Voting Board Members
19
Independent Board Members
19
Employees
5
Volunteers
21

Preparer

Firm
Rkl Llp
Address
1134 KENNEBEC DRIVE, CHAMBERSBURG, PA 17201
Preparer
Michael C Buhrman CPA
Phone
7172645961
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The organization is a not-for-profit organization that is exempt from income taxes under section 501(c)(6) of the internal revenue code and classified by the internal revenue service as other than a private foundation. The organization follows generally accepted accounting principles, which provides guidance on accounting for uncertainty in income taxes recognized in the organization's financial statements. The organization has evaluated its tax positions for all open tax years and management believes all material tax positions taken would be upheld under examination. Therefore, no provision for the effects of uncertain tax positions has been recorded for the years ended december 31, 2023 and 2022. The organization's policy is to charge penalties and interest to income tax expense as incurred. The organization's federal income tax return is subject to examination by the internal revenue service, generally for a period of three years after the returns are filed.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt20VICE PRESIDENT
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IRS990/FormationYr01960
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt019
IRS990/GovernmentGrantsAmt0372577
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0667695
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt019
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt010028
IRS990/InterestGrp/TotalAmt045099
IRS990/InvestmentIncomeGrp/ExclusionAmt026075
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt026075
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0801652
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01109699
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01071703
IRS990/LandBldgEquipCostOrOtherBssAmt01873355
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ADAMS COUNTY ECONOMIC DEVELOPMENT CORPORATION IS A PRIVATE, NOT-FOR-PROFIT CORPORATION DEDICATED TO PROVIDING COUNTY-WIDE ECONOMIC DEVELOPMENT SERVICES TO BENEFIT THE CITIZENS OF ADAMS COUNTY. THE ORGANIZATION'S PROGRAMS ARE DESIGNED TO ASSIST EXISTING EMPLOYERS AND ALSO TO ATTRACT NEW EMPLOYERS TO THE ADAMS COUNTY AREA. THE ORGANIZATION'S AIM IS TO ASSIST WITH JOB CREATION AND JOB SUSTAINING PROJECTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01418228
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01215880
IRS990/NetAssetsOrFundBalancesBOYAmt01494878
IRS990/NetAssetsOrFundBalancesEOYAmt01518993
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01494878
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01518993
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt067798
IRS990/OfficeExpensesGrp/TotalAmt014030
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt022429
IRS990/OtherExpensesGrp/Desc0DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/TotalAmt08295
IRS990/OtherExpensesGrp/TotalAmt11176
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt013915
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt013915
IRS990/OtherRevenueTotalAmt013915
IRS990/OtherSalariesAndWagesGrp/TotalAmt083418
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01123582
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0928731
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt023379
IRS990/PensionPlanContributionsGrp/TotalAmt03056
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014934
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012597
IRS990/PrincipalOfficerNm0ROBIN FITZPATRICK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc2LOAN FEES
IRS990/ProgramServiceRevenueGrp/Desc3MEMBERSHIP FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0139344
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt151800
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt235934
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt327900
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0139344
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt151800
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt235934
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt327900
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0275518
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt030861
IRS990/PYOtherExpensesAmt0248449
IRS990/PYOtherRevenueAmt09417
IRS990/PYProgramServiceRevenueAmt0229481
IRS990/PYRevenuesLessExpensesAmt0-21763
IRS990/PYSalariesCompEmpBnftPaidAmt0318591
IRS990/PYTotalExpensesAmt0567040
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0545277
IRS990/ReconcilationRevenueExpnssAmt024115
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0316489
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0652149
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0737970
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0715614
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01453584
IRS990ScheduleD/EquipmentGrp/BookValueAmt02176
IRS990ScheduleD/EquipmentGrp/DepreciationAmt061261
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt063437
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0643580
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd00
IRS990ScheduleD/LandGrp/BookValueAmt0331556
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0331556
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt024777
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt024778
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0667695
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. THE ORGANIZATION FOLLOWS GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION HAS EVALUATED ITS TAX POSITIONS FOR ALL OPEN TAX YEARS AND MANAGEMENT BELIEVES ALL MATERIAL TAX POSITIONS TAKEN WOULD BE UPHELD UNDER EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. THE ORGANIZATION'S POLICY IS TO CHARGE PENALTIES AND INTEREST TO INCOME TAX EXPENSE AS INCURRED. THE ORGANIZATION'S FEDERAL INCOME TAX RETURN IS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR A PERIOD OF THREE YEARS AFTER THE RETURNS ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01071703
IRS990ScheduleD/TotalExpensesPerForm990Amt0643580
IRS990ScheduleD/TotalRevenuePerForm990Amt0667695
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0667695
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0643580
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE PRESIDENT, CHAIRMAN, AND TREASURER BEFORE FILING. THE REMAINDER OF THE BOARD HAS ACCESS TO FORM 990 TO REVIEW AT ANY TIME AFTER PREPARATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANY CONFLICT OF INTEREST IS DISCUSSED AND RESOLVED AT THE BI-MONTHLY BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES ALL COMPENSATION FOR TOP MANAGEMENT. THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES ALL COMPENSATION FOR TOP MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0471506346
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0PA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0DEVELOP MA

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,073,988
Liabilities
$1,554,995
Net assets
$1,518,993
Revenue
$667,695
Expenses
$643,580
Net income
$24,115
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.96$1.34$1.61$0.89$0.80$0.09
2023Detailed filing. Detailed filing data is available for this year.$3.07$1.55$1.52$0.67$0.64$0.02
2022Detailed filing. Detailed filing data is available for this year.$2.93$1.43$1.49$0.55$0.57$0.02
2021Detailed filing. Detailed filing data is available for this year.$3.14$1.62$1.52$0.58$0.50$0.08
2020Detailed filing. Detailed filing data is available for this year.$3.23$1.79$1.44$0.57$0.48$0.09
2019Detailed filing. Detailed filing data is available for this year.$3.28$1.93$1.35$0.56$0.49$0.06
2018Detailed filing. Detailed filing data is available for this year.$3.39$2.11$1.28$0.58$0.50$0.08
2017Detailed filing. Detailed filing data is available for this year.$3.48$2.27$1.20$0.54$0.46$0.08
2016Detailed filing. Detailed filing data is available for this year.$3.48$2.36$1.12$0.49$0.44$0.05
2015Detailed filing. Detailed filing data is available for this year.$2.39$1.28$1.10$0.43$0.46$0.03
2014Detailed filing. Detailed filing data is available for this year.$2.93$1.79$1.14$0.32$0.45$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.22$2.96$1.27$0.83
2012Summary only. Only limited summary data is available for this year.$3.78$2.59$1.19$0.36$0.41$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.62$1.41$1.21$0.37
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.62$1.42$1.20$0.45