Civic Intelligence

Greater Berks Development Fund

990 • Fiscal year 2011 • EIN 23-6392284

Jan 01, 2011 to Dec 31, 2011 • Filed on Jun 15, 2012

201 Penn Street PO Box 8621 No 50019603-8621
Siviq Scores

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

Liabilities / Assets

83rd percentile

0.76x

Higher debt load relative to assets than 83% of similar nonprofits.

2011 filings • $25M-$50M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

6th percentile

-12%

Faster asset growth than 6% of similar nonprofits.

2011 filings • $25M-$50M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$41,928,972

Down $5,844,263 (-12%) from 2010

Net Assets

Up

$10,066,887

Up $203,089 (+2.1%) from 2010

Liabilities

Down

$31,862,085

Down $6,047,352 (-16%) from 2010

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$3,754,814

Down $440,208 (-10%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $47,773,235Liabilities 2010: $37,909,437Net Assets 2010: $9,863,7982010Assets 2011: $41,928,972Liabilities 2011: $31,862,085Net Assets 2011: $10,066,8872011Assets 2013: $43,189,664Liabilities 2013: $32,784,553Net Assets 2013: $10,405,1112013Assets 2015: $42,664,334Liabilities 2015: $32,570,377Net Assets 2015: $10,093,9572015Assets 2016: $44,689,945Liabilities 2016: $34,554,289Net Assets 2016: $10,135,6562016Assets 2017: $42,781,868Liabilities 2017: $31,782,453Net Assets 2017: $10,999,4152017Assets 2018: $43,940,691Liabilities 2018: $33,907,264Net Assets 2018: $10,033,4272018Assets 2019: $56,744,057Liabilities 2019: $45,276,276Net Assets 2019: $11,467,7812019Assets 2020: $54,955,494Liabilities 2020: $40,460,859Net Assets 2020: $14,494,6352020Assets 2022: $36,026,079Liabilities 2022: $19,621,240Net Assets 2022: $16,404,8392022Assets 2024: $35,401,732Liabilities 2024: $16,893,006Net Assets 2024: $18,508,7262024

Highlighted filing

2011

Assets$41,928,972
Liabilities$31,862,085
Net Assets$10,066,887

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $4,195,0222010Expenses 2011: $3,754,8142011Revenue 2013: $3,823,964Expenses 2013: $3,518,511Net Income 2013: $305,4532013Revenue 2015: $3,828,118Expenses 2015: $3,407,338Net Income 2015: $420,7802015Revenue 2016: $4,026,538Expenses 2016: $3,759,765Net Income 2016: $266,7732016Revenue 2017: $4,152,100Expenses 2017: $3,464,807Net Income 2017: $687,2932017Revenue 2018: $3,635,548Expenses 2018: $4,100,201Net Income 2018: -$464,6532018Revenue 2019: $4,741,589Expenses 2019: $3,976,072Net Income 2019: $765,5172019Revenue 2020: $7,944,395Expenses 2020: $4,645,462Net Income 2020: $3,298,9332020Revenue 2022: $4,581,165Expenses 2022: $3,168,289Net Income 2022: $1,412,8762022Revenue 2024: $4,853,608Expenses 2024: $3,789,184Net Income 2024: $1,064,4242024

Highlighted filing

2011

Revenue-
Expenses$3,754,814
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Jun 15, 2012
Return Version
2011v1.2
Gross Receipts
$7,289,513
Mission and Program Overview

Mission

The greater berks development fund aids and promotes economic and industrial expansion, and contributes to the economic well-being of reading and berks county by facilitating, promoting, and participating in, and financing economic development and community revitalization projects consistent with the needs of the community, with the intention of effectuating positive change in the economic opportunities available to residents and businesses by creating jobs and inducing private investment.

Filing and Contact Details

Filer

EIN
23-6392284
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IRS990ScheduleD/Buildings/Depreciation015721316
IRS990ScheduleD/Buildings/InvestmentCostOrOtherBasis033412786
IRS990ScheduleD/Equipment/BookValue015221
IRS990ScheduleD/Equipment/Depreciation024341
IRS990ScheduleD/Equipment/InvestmentCostOrOtherBasis039562
IRS990ScheduleD/ExcessOrDeficitForYear0423684
IRS990ScheduleD/ExcessOrDeficitPerFS0203089
IRS990ScheduleD/ExpensesNotRptdF9900238944
IRS990ScheduleD/ExpensesNotRptdOnFinStmt00
IRS990ScheduleD/ExpensesSubtotal03754814
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0AS A NOT-FOR-PROFIT ORGANIZATION, THE FUND IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE FUND IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON UNRELATED BUSINESS INCOME. THE FUND RECOGNIZES PENALTIES AND INTEREST ACCRUED RELATED TO INCOME TAX LIABILITIES IN THE PROVISION (BENEFIT) FOR INCOME TAXES IN ITS STATEMENTS OF INCOME. AT DECEMBER 31, 2011 AND 2010, THERE WAS NO ACCRUAL FOR THE PAYMENT OF PENALTIES AND INTEREST. WHEN TAX RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD BE ULTIMATELY SUSTAINED. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. TAX POSITIONS TAKEN ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE IS REFLECTED AS A LIABILITY FOR UNRECOGNIZED TAX BENEFITS IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. THE FUND FILES INFORMATIONAL RETURNS (IRS FORM 990) IN THE U.S. FEDERAL JURISDICTION. THE FUND'S TAX RETURNS ARE NOT SUBJECT TO EXAMINATION THROUGH THE YEAR ENDED DECEMBER 31, 2007.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation1BOOK DEPRECIATION GREATER THAN TAX DEPRECIATION -238,944.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation2BOOK DEPRECIATION GREATER THAN TAX DEPRECIATION 238,944.
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier0DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier1PART XI, LINE 8 - OTHER ADJUSTMENTS:
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier2PART XIII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference0PART X:
IRS990ScheduleD/Land/BookValue0492865
IRS990ScheduleD/Land/InvestmentCostOrOtherBasis0492865
IRS990ScheduleD/NetUnrealizedGainsInvestments018349
IRS990ScheduleD/NetUnrealizedGLOnInvestments018349
IRS990ScheduleD/OtherAmount0-238944
IRS990ScheduleD/OtherExpensesIncluded0238944
IRS990ScheduleD/OtherLiabilities/Amount0604831
IRS990ScheduleD/OtherLiabilities/Amount130557

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