Civic Intelligence

Greenville-Reynolds Development

990 • Fiscal year 2016 • EIN 25-1456793

Jan 01, 2016 to Dec 31, 2016 • Filed on Sep 27, 2017

Organization Profilewww.greenvillereynolds.com

View Organization Page

301 Arlington DriveGreenville, PA 16125

(724) 646-1144

Siviq Scores

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

Liabilities / Assets

19th percentile

0.05x

Higher debt load relative to assets than 19% of similar nonprofits.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

30th percentile

0.15x

Higher debt load relative to revenue than 30% of similar nonprofits.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2016

Net Margin

99th percentile

81%

Higher net margin than 99% of similar nonprofits.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

14th percentile

$103,271

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Balance Sheet
Liabilities / Assets19th percentile

Assets

$9,716,173

No earlier filing loaded for comparison.

Net Assets

$9,195,577

No earlier filing loaded for comparison.

Liabilities

$520,596

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue30th percentileNet Margin99th percentile

Revenue

$3,372,419

No earlier filing loaded for comparison.

Expenses

$635,762

No earlier filing loaded for comparison.

Net Income

$2,736,657

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$15M$10M$5.0M$0Assets 2016: $9,716,173Liabilities 2016: $520,596Net Assets 2016: $9,195,5772016Assets 2017: $9,976,334Liabilities 2017: $433,612Net Assets 2017: $9,542,7222017Assets 2018: $9,958,127Liabilities 2018: $418,448Net Assets 2018: $9,539,6792018Assets 2019: $10,137,232Liabilities 2019: $1,498,471Net Assets 2019: $8,638,7612019Assets 2020: $9,822,817Liabilities 2020: $1,520,150Net Assets 2020: $8,302,6672020Assets 2021: $9,621,654Liabilities 2021: $1,548,758Net Assets 2021: $8,072,8962021Assets 2022: $9,212,836Liabilities 2022: $1,089,456Net Assets 2022: $8,123,3802022Assets 2023: $9,354,018Liabilities 2023: $1,030,064Net Assets 2023: $8,323,9542023Assets 2024: $9,134,102Liabilities 2024: $1,128,339Net Assets 2024: $8,005,7632024

Highlighted filing

2016

Assets$9,716,173
Liabilities$520,596
Net Assets$9,195,577
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$4.0M$2.0M$0-$2.0MRevenue 2016: $3,372,419Expenses 2016: $635,762Net Income 2016: $2,736,6572016Revenue 2017: $1,291,403Expenses 2017: $657,434Net Income 2017: $633,9692017Revenue 2018: $679,309Expenses 2018: $676,819Net Income 2018: $2,4902018Revenue 2019: $709,882Expenses 2019: $1,421,298Net Income 2019: -$711,4162019Revenue 2020: $545,648Expenses 2020: $881,742Net Income 2020: -$336,0942020Revenue 2021: $616,833Expenses 2021: $846,604Net Income 2021: -$229,7712021Revenue 2022: $909,502Expenses 2022: $859,018Net Income 2022: $50,4842022Revenue 2023: $1,035,413Expenses 2023: $834,839Net Income 2023: $200,5742023Revenue 2024: $523,500Expenses 2024: $841,691Net Income 2024: -$318,1912024

Highlighted filing

2016

Revenue$3,372,419
Expenses$635,762
Net Income$2,736,657
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Sep 27, 2017
Return Version
2016v3.0
Gross Receipts
$3,372,419
Mission and Program Overview

Mission

To promote the social & civic welfare of the communities located in the greenville-reynolds trading district; to seek & locate businesses & industries of any kind within this district; to assist & encourage the stabilization, expansion, and/or retention of existing businesses & industries within this district; to receive, hold, and expend monies, properties, or services necessary to facilitate the above stated purposes; to perform all other services or activites for any reason incidental to any of the foregoing purposes including the management of the assets of the present greenville-reynolds development corp; to cause to be operated & maintained, the reynolds disposal company & the reynolds water company in suitable condition to meet all pa public utility commission, pa dept of environmental protection, & federal environmental protection agency requirements & to service the industrial & residential customers within their respective area; to develop and dispose of land.

Promote and develop industrial growth

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,845,826$5,321,894▲ $2,476,068
Savings and Temporary Cash Investments$413,340$2,115,230▲ $1,701,890
Investments Other Securities$869,980$869,979▼ $1
Accounts Receivable$412,396$294,081▼ $118,315
Other Notes and Loans Receivable, Net$178,784$147,676▼ $31,108
Pledges and Grants Receivable-$56,377-
Cash and Non-Interest-Bearing Accounts$251,298$20,006▼ $231,292
Prepaid Expenses and Deferred Charges$21,269$17,875▼ $3,394
Total Assets$8,269,014$9,716,173▲ $1,447,159
Other Assets Total$3,276,121$873,055▼ $2,403,066
Liabilities
Mortgage Notes Payable Secured by Investment Property$310,375$301,856▼ $8,519
Accounts Payable and Accrued Expenses$499,677$86,534▼ $413,143
Other Liabilities$338,856$83,000▼ $255,856
Deferred Revenue$45,350$49,206▲ $3,856
Total Liabilities$1,194,258$520,596▼ $673,662
Net Assets / Fund Balance
Unrestricted Net Assets$7,064,145$9,195,577▲ $2,131,432
Temporarily Rstr Net Assets$10,611$0▼ $10,611
Total Net Assets Fund Balance$7,074,756$9,195,577▲ $2,120,821
Total Liabilities and Net Assets / Fund Balance$8,269,014$9,716,173▲ $1,447,159

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,549,208$2,887,383$6,436,591
Land$1,617,736-$1,617,736
Equipment$74,619$198,498$273,117
Other Land Buildings$80,331$54,190$134,521
Other Assets Org$873,055--
Closely Held Equity Interests$869,979--
Compensation and Service Providers
Top Officer Pay14th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bradley R GosserExecutive Director/VPPT$45,183$58,088$103,271
Christina M HovisAssistant Treasurer/SecretaryPT$22,359$45,557$67,916

Board Members and Trustees

NameTitle
Jeff WallacePresident
John TurnerVice President
Erik ShaferBoard Member
Janet ScottBoard Member
Linda RinellaBoard Member
Roberta LeonardBoard Member
William HazlettBoard Member
Brent WardSecretary
Rick KalchthalerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
G S Kusich Construction INCFire Restoration380 FREDONIA ROAD, Greenville, PA 16125$345,930
Ku Resources INCconsulting services22 S LINDEN STREET, Duquesne, PA 15110$151,967
Revenue and Support

Revenue Composition

Contributions and Grants
$176,502
Program Service Revenue
$439,457
Investment Income
$2,713,799
Other Revenue
$42,661
Change in Net Assets
$2,736,657
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$482,714
Salaries, Compensation, and Employee Benefits$153,048
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$207,131--$207,131
Current Officers, Directors, Trustees, and Key Employees$83,897--$83,897
Insurance$64,219--$64,219
Other Salaries and Wages$35,686--$35,686
All Other Expenses$17,206--$17,206
Other Employee Benefits$15,366--$15,366
Interest$14,162--$14,162
Payroll Taxes$13,474--$13,474
Other Expenses$12,521--$12,521
Office Expenses$8,826--$8,826
Fees for Services Accounting$7,098--$7,098
Pension Plan Contributions$4,625--$4,625
Fees for Services Legal$3,235--$3,235
Advertising$2,934--$2,934
Information Technology$670--$670
Total Functional Expenses$635,762$0$0$635,762
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Erik ShaferBoard memberBoard member owns a business that rents a building from Greenville-Reynolds Development CorporationNo$4,492
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$83,000
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 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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Finance committee may review a draft copy of the 990 before filing with the irs; however, the board members are only given a draft copy of the 990 to review and approve before filing if they ask for it, as there are no formal procedures.”

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

“The business manager hands out the policy to each incoming board member and director in order to be signed. The files are kept in the business office.”

Form 990, Part VI, Section B, line 15

“The personnel committee makes the proposals for the compensation package. Two members of the board approve the salary adjustments. The board is comprised of local business owners who have the experience and knowledge of comparable salaries. They make comparisons and review similar compensation packages. The executive director's personnel file is retained and maintained by the board of directors.”

Form 990, Part VI, Section C, line 19

“Form 1023 and form 990 are available for public inspection during regular business hours in the business office. The governing documents, conflict of interest policy, and financial statements are also available in the business office during regular business hours.”

Filing and Contact Details

Filer

Filer Name
Greenville-Reynolds Development
EIN
25-1456793
Phone
7246461144
Address
301 Arlington Drive, Greenville, PA 16125

Signing Officer

Name
Bradley R Gosser
Title
Executive Director
Phone
7246461144
Signed
2017-09-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bradley R Gosser
Formed
1983
Legal Domicile
Pa
Voting Board Members
9
Independent Board Members
9
Employees
14
Volunteers
9

Preparer

Firm
Mcgill Power Bell & Associates Llp
Address
10 Woodland Center Drive, Grove City, PA 16127
Preparer
Bruce Lawrence
Phone
7244587490
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Uncollectible accounts -90,040.”

Form 990, Part XII, Line 2C:

“The finance committee provides oversight of the financial statements and the selection of the auditor. The organization has not changed its process with regards to audit oversight.”

Financial Statement Notes

Part X, Line 2:

“The Corporation is exempt from income taxes under the Internal Revenue Code Section 501 (c) (6). The Subsidiaries are taxable entities and each file separate corporate income tax returns. The Corporation's policy is to include penalties and interest associated with income taxes as income tax expense and interest expense, respectively. There were no penalties or interest recorded for the year ending December 31, 2016. In the opinion of management, the Corporation has no uncertain tax position that would be subject to interpretation. With few exceptions, the Corporation is no longer subject to examination by Federal or State tax authorities for years before 2012.”

Raw XML AppendixShowing 400 of 542 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0869980
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0869979
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03140071
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02845826
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05321894
IRS990/LandBldgEquipCostOrOtherBssAmt08461965
IRS990/LegalDomicileStateCd0PA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROMOTE THE SOCIAL & CIVIC WELFARE OF THE COMMUNITIES LOCATED IN THE GREENVILLE-REYNOLDS TRADING DISTRICT; TO SEEK & LOCATE BUSINESSES & INDUSTRIES OF ANY KIND WITHIN THIS DISTRICT; TO ASSIST & ENCOURAGE THE STABILIZATION, EXPANSION, AND/OR RETENTION OF EXISTING BUSINESSES & INDUSTRIES WITHIN THIS DISTRICT; TO RECEIVE, HOLD, AND EXPEND MONIES, PROPERTIES, OR SERVICES NECESSARY TO FACILITATE THE ABOVE STATED PURPOSES; TO PERFORM ALL OTHER SERVICES OR ACTIVITES FOR ANY REASON INCIDENTAL TO ANY OF THE FOREGOING PURPOSES INCLUDING THE MANAGEMENT OF THE ASSETS OF THE PRESENT GREENVILLE-REYNOLDS DEVELOPMENT CORP; TO CAUSE TO BE OPERATED & MAINTAINED, THE REYNOLDS DISPOSAL COMPANY & THE REYNOLDS WATER COMPANY IN SUITABLE CONDITION TO MEET ALL PA PUBLIC UTILITY COMMISSION, PA DEPT OF ENVIRONMENTAL PROTECTION, & FEDERAL ENVIRONMENTAL PROTECTION AGENCY REQUIREMENTS & TO SERVICE THE INDUSTRIAL & RESIDENTIAL CUSTOMERS WITHIN THEIR RESPECTIVE AREA; TO DEVELOP AND DISPOSE OF LAND.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0310375
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0301856
IRS990/NetAssetsOrFundBalancesBOYAmt07074756
IRS990/NetAssetsOrFundBalancesEOYAmt09195577
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt02692097
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02692097
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt08826
IRS990/OfficeExpensesGrp/TotalAmt08826
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03276121
IRS990/OtherAssetsTotalGrp/EOYAmt0873055
IRS990/OtherChangesInNetAssetsAmt0-90040
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt015366
IRS990/OtherEmployeeBenefitsGrp/TotalAmt015366
IRS990/OtherExpensesGrp/Desc0Real Estate Taxes
IRS990/OtherExpensesGrp/Desc1R&M - Buildings
IRS990/OtherExpensesGrp/Desc2R&M - Vehicles/Equipmen
IRS990/OtherExpensesGrp/Desc3R&M - Office/Garage
IRS990/OtherExpensesGrp/ProgramServicesAmt0105052
IRS990/OtherExpensesGrp/ProgramServicesAmt126337
IRS990/OtherExpensesGrp/ProgramServicesAmt213323
IRS990/OtherExpensesGrp/ProgramServicesAmt312521
IRS990/OtherExpensesGrp/TotalAmt0105052
IRS990/OtherExpensesGrp/TotalAmt126337
IRS990/OtherExpensesGrp/TotalAmt213323
IRS990/OtherExpensesGrp/TotalAmt312521
IRS990/OtherLiabilitiesGrp/BOYAmt0338856
IRS990/OtherLiabilitiesGrp/EOYAmt083000
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt041948
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt041948
IRS990/OtherRevenueTotalAmt041948
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt035686
IRS990/OtherSalariesAndWagesGrp/TotalAmt035686
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0178784
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0147676
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt013474
IRS990/PayrollTaxesGrp/TotalAmt013474
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt04625
IRS990/PensionPlanContributionsGrp/TotalAmt04625
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt056377
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021269
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017875
IRS990/PrincipalOfficerNm0Bradley R Gosser
IRS990/PriorPeriodAdjustmentsAmt0-525796
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/Desc0Exempt Rent Received
IRS990/ProgramServiceRevenueGrp/Desc1Exempt Interest Received
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0433315
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt16142
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0433315
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt16142
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt019596
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01889797
IRS990/PYOtherExpensesAmt0357065
IRS990/PYOtherRevenueAmt049070
IRS990/PYProgramServiceRevenueAmt0472654
IRS990/PYRevenuesLessExpensesAmt01946493
IRS990/PYSalariesCompEmpBnftPaidAmt0127559
IRS990/PYTotalExpensesAmt0484624
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02431117
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02736657
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0481405
IRS990/RoyaltiesRevenueGrp/ExclusionAmt0713
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt0713
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0413340
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02115230
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/BuildingsGrp/BookValueAmt03549208
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02887383
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06436591
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt0869979
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/MethodValuationCd0C
IRS990ScheduleD/EquipmentGrp/BookValueAmt074619
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0198498
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0273117
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01617736
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01617736
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0873055
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Lot Development and Construction in Progress
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt080331
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt054190
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0134521
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt083000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Line of Credit
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Corporation is exempt from income taxes under the Internal Revenue Code Section 501 (c) (6). The Subsidiaries are taxable entities and each file separate corporate income tax returns. The Corporation's policy is to include penalties and interest associated with income taxes as income tax expense and interest expense, respectively. There were no penalties or interest recorded for the year ending December 31, 2016. In the opinion of management, the Corporation has no uncertain tax position that would be subject to interpretation. With few exceptions, the Corporation is no longer subject to examination by Federal or State tax authorities for years before 2012.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05321894
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0873055
IRS990ScheduleD/TotalBookValueSecuritiesAmt0869979
IRS990ScheduleD/TotalLiabilityAmt083000
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Erik Shafer
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Board member
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt04492
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Board member owns a business that rents a building from Greenville-Reynolds Development Corporation
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FINANCE COMMITTEE MAY REVIEW A DRAFT COPY OF THE 990 BEFORE FILING WITH THE IRS; HOWEVER, THE BOARD MEMBERS ARE ONLY GIVEN A DRAFT COPY OF THE 990 TO REVIEW AND APPROVE BEFORE FILING IF THEY ASK FOR IT, AS THERE ARE NO FORMAL PROCEDURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BUSINESS MANAGER HANDS OUT THE POLICY TO EACH INCOMING BOARD MEMBER AND DIRECTOR IN ORDER TO BE SIGNED. THE FILES ARE KEPT IN THE BUSINESS OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PERSONNEL COMMITTEE MAKES THE PROPOSALS FOR THE COMPENSATION PACKAGE. TWO MEMBERS OF THE BOARD APPROVE THE SALARY ADJUSTMENTS. THE BOARD IS COMPRISED OF LOCAL BUSINESS OWNERS WHO HAVE THE EXPERIENCE AND KNOWLEDGE OF COMPARABLE SALARIES. THEY MAKE COMPARISONS AND REVIEW SIMILAR COMPENSATION PACKAGES. THE EXECUTIVE DIRECTOR'S PERSONNEL FILE IS RETAINED AND MAINTAINED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 1023 AND FORM 990 ARE AVAILABLE FOR PUBLIC INSPECTION DURING REGULAR BUSINESS HOURS IN THE BUSINESS OFFICE. THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ALSO AVAILABLE IN THE BUSINESS OFFICE DURING REGULAR BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Uncollectible accounts -90,040.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FINANCE COMMITTEE PROVIDES OVERSIGHT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF THE AUDITOR. THE ORGANIZATION HAS NOT CHANGED ITS PROCESS WITH REGARDS TO AUDIT OVERSIGHT.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XI, line 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XII, Line 2c:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd11
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0Greenville-Reynolds Development Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt1Greenville-Reynolds Development Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0250979133
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1250979132
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0PA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1PA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct11.00000

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,716,173
Liabilities
$520,596
Net assets
$9,195,577
Revenue
$3,372,419
Expenses
$635,762
Net income
$2,736,657
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.13$1.13$8.01$0.52$0.84$0.32
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.35$1.03$8.32$1.04$0.83$0.20
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.21$1.09$8.12$0.91$0.86$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.62$1.55$8.07$0.62$0.85$0.23
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.82$1.52$8.30$0.55$0.88$0.34
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.1$1.50$8.64$0.71$1.42$0.71
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.96$0.42$9.54$0.68$0.68$0.00
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.98$0.43$9.54$1.29$0.66$0.63
2016Detailed filing. Detailed filing data is available for this year.$9.72$0.52$9.20$3.37$0.64$2.74