Civic Intelligence

Chambersburg Area Development Corporation

990 • Fiscal year 2017 • EIN 25-6063943

Jan 01, 2017 to Dec 31, 2017 • Filed on May 28, 2018

Organization ProfileWWW.CHAMBERSBURG.ORG/AFFILIATES/CADC
100 Lincoln Way East Rm/Ste AChambersburg, PA 17201

(717) 264-7101

Siviq Scores

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

Liabilities / Assets

69th percentile

0.40x

Higher debt load relative to assets than 69% of similar nonprofits.

2017 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

98th percentile

9.92x

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

2017 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2017

Net Margin

93rd percentile

40%

Higher net margin than 93% of similar nonprofits.

2017 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

8th percentile

$0

Higher top officer pay than 8% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2017

Asset Growth

86th percentile

21%

Faster asset growth than 86% of similar nonprofits.

2017 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

86th percentile

23%

Faster revenue growth than 86% of similar nonprofits.

2017 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$21,568,625

Up $3,685,266 (+21%) from 2016

Net Assets

Up

$12,852,630

Up $444,835 (+3.6%) from 2016

Liabilities

Up

$8,715,995

Up $3,240,431 (+59%) from 2016

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin93rd percentile

Revenue

Up

$878,503

Up $161,446 (+23%) from 2016

Expenses

Up

$523,426

Up $49,559 (+10%) from 2016

Net Income

Up

$355,077

Up $111,887 (+46%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

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

$30M$20M$10M$0Assets 2013: $17,511,320Liabilities 2013: $7,036,011Net Assets 2013: $10,475,3092013Assets 2014: $20,507,160Liabilities 2014: $8,624,754Net Assets 2014: $11,882,4062014Assets 2015: $18,813,851Liabilities 2015: $6,247,308Net Assets 2015: $12,566,5432015Assets 2016: $17,883,359Liabilities 2016: $5,475,564Net Assets 2016: $12,407,7952016Assets 2017: $21,568,625Liabilities 2017: $8,715,995Net Assets 2017: $12,852,6302017Assets 2018: $21,586,272Liabilities 2018: $8,414,788Net Assets 2018: $13,171,4842018Assets 2019: $15,988,272Liabilities 2019: $1,503,579Net Assets 2019: $14,484,6932019Assets 2021: $16,114,179Liabilities 2021: $1,043,229Net Assets 2021: $15,070,9502021Assets 2022: $18,940,526Liabilities 2022: $1,400,120Net Assets 2022: $17,540,4062022Assets 2023: $26,310,426Liabilities 2023: $8,196,022Net Assets 2023: $18,114,4042023Assets 2024: $26,157,313Liabilities 2024: $7,901,072Net Assets 2024: $18,256,2412024

Highlighted filing

2017

Assets$21,568,625
Liabilities$8,715,995
Net Assets$12,852,630
Open 2017 Filing

Operations Trend

Revenue Growth86th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Revenue 2013: $746,591Expenses 2013: $616,429Net Income 2013: $130,1622013Revenue 2014: $1,091,593Expenses 2014: $552,930Net Income 2014: $538,6632014Revenue 2015: $1,006,835Expenses 2015: $594,681Net Income 2015: $412,1542015Revenue 2016: $717,057Expenses 2016: $473,867Net Income 2016: $243,1902016Revenue 2017: $878,503Expenses 2017: $523,426Net Income 2017: $355,0772017Revenue 2018: $1,026,543Expenses 2018: $569,343Net Income 2018: $457,2002018Revenue 2019: $1,658,203Expenses 2019: $476,313Net Income 2019: $1,181,8902019Revenue 2021: $915,984Expenses 2021: $395,127Net Income 2021: $520,8572021Revenue 2022: $3,203,154Expenses 2022: $428,729Net Income 2022: $2,774,4252022Revenue 2023: $888,054Expenses 2023: $461,814Net Income 2023: $426,2402023Revenue 2024: $542,957Expenses 2024: $463,559Net Income 2024: $79,3982024

Highlighted filing

2017

Revenue$878,503
Expenses$523,426
Net Income$355,077
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 28, 2018
Return Version
2017v2.3
Gross Receipts
$2,236,616
Mission and Program Overview

Mission

Facilitate economic development in the chambersburg area

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$13,060,682$15,976,744▲ $2,916,062
Savings and Temporary Cash Investments$2,010,433$2,426,083▲ $415,650
Investments Other Securities$1,868,576$2,404,302▲ $535,726
Other Notes and Loans Receivable, Net$778,488$605,812▼ $172,676
Prepaid Expenses and Deferred Charges$74,010$74,257▲ $247
Cash and Non-Interest-Bearing Accounts$57,109$54,228▼ $2,881
Accounts Receivable$29,070$23,000▼ $6,070
Total Assets$17,883,359$21,568,625▲ $3,685,266
Other Assets Total$4,991$4,199▼ $792
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,290,517$8,641,267▲ $3,350,750
Accounts Payable and Accrued Expenses$109,346$44,808▼ $64,538
Other Liabilities$75,701$29,920▼ $45,781
Total Liabilities$5,475,564$8,715,995▲ $3,240,431
Net Assets / Fund Balance
Unrestricted Net Assets$12,407,795$12,852,630▲ $444,835
Total Net Assets Fund Balance$12,407,795$12,852,630▲ $444,835
Total Liabilities and Net Assets / Fund Balance$17,883,359$21,568,625▲ $3,685,266

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,711,600$6,540,539$20,252,139
Land$2,255,296-$2,255,296
Equipment$9,848$19,752$29,600
Other Securities$6,972--
Closely Held Equity Interests$1,296,754--
Compensation and Service Providers
Top Officer Pay8th percentile

Board Members and Trustees

NameTitle
Lance KegerreisPresident
Andy BarnesDirector
Austin KegerreisDirector
Brandon StoufferDirector
Chad RosenberryDirector
Chuck SiobergDirector
Dwayne JohnsonDirector
Edwin MartinDirector
Jim HillDirector
Jimmy WadeDirector
John MassimillaDirector
Lane ThrushDirector
Michael KalathasDirector
Ray CullenDirector
Tanya NitterhouseDirector
Tim HenryDirector
William Everly JrDirector
Luke MartinAsst Tres
Troy GarmanChamber Chai
Jack SharpeSecretary
Charles FrameTreasurer
Eric ForemanVice Pres
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$41,904
Investment Income
$157,088
Other Revenue
$679,511
Change in Net Assets
$355,077

Audited Revenue Reconciliation

Revenue per Audited Statements
$878,503
Total Revenue per Audited Statements
$878,503
Total Revenue per Form 990
$878,503
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$523,426
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$50,486--$50,486
Fees for Services Accounting-$12,800-$12,800
Other Expenses$51,364$8,035-$8,035
All Other Expenses$6,045$1,738-$7,783
Fees for Services Legal$3,890$686-$4,576
Insurance-$3,279-$3,279
Total Functional Expenses$373,340$150,086$0$523,426

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$595,667
Expenses per Audited Statements$523,426
Total Expenses per Form 990$523,426
Expenses Not Reported on Form 990$72,241
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
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Jimmy WadeDirectorUtilitiesNo$31,089
Edwin MartinDirectorLand DevelopmentNo$20,165
Lance KegerreisPresidentEngineering ServicesNo$6,540
Jack SharpeSecretaryLegal ServicesNo$5,348
Michael KalathasDirectorAnnual MeetingNo$3,104
Tim HenryDirectorFeesNo$2,603
Chuck SiobergDirectorProfessional FeesNo$505
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$29,920
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
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, policies - policies for whistleblower (13) and written document line 19 -the financial statements are available to the public upon request”

Form 990, Page 6, Part VI, Line 11B

“The form 990 is presented before the governing body at the monthly meeting.”

Form 990, Page 6, Part VI, Line 12C

“The organization requires that all directors disclose any conflicts of interest and abstain from voting on any matters to which there may be a conflict of interest.”

Form 990, Page 6, Part VI, Line 15A

“A committee of the board of directors sets the executive directores compensation. No board members are compensated.”

Form 990, Page 6, Part VI, Line 19

“Documents requireing public inspection are available upon request at main office if they exist”

Filing and Contact Details

Filer

Filer Name
Chambersburg Area Development
EIN
25-6063943
Phone
7172647101
Address
100 LINCOLN WAY EAST RM/STE A, CHAMBERSBURG, PA 17201

Signing Officer

Name
Lance Kegerreis
Title
President
Phone
7172647101
Signed
2018-05-28

Organization Details

Principal Officer
Lance Kegerreis
Formed
1960
Legal Domicile
Pa
Voting Board Members
22
Independent Board Members
22
Employees
0
Volunteers
22

Preparer

Firm
Schultheiss & Associates
Address
720 NORLAND AVENUE, CHAMBERSBURG, PA 17201
Preparer
Michael L Hargleroad
Phone
7172672100
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 2D

“Change in allowance account 0 book / tax depreciation difference 72,241”

Schedule D, Page 4, Part XII, Line 4B

“Change in allowance account 0”

Raw XML AppendixShowing 400 of 565 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0109346
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt044808
IRS990/AccountsReceivableGrp/BOYAmt029070
IRS990/AccountsReceivableGrp/EOYAmt023000
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0FACILITATE ECONOMIC DEVELOPMENT IN THE CHAMBERSBURG AREA
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01738
IRS990/AllOtherExpensesGrp/ProgramServicesAmt06045
IRS990/AllOtherExpensesGrp/TotalAmt07783
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0MARYLIZ TOOHIG
IRS990/BooksInCareOfDetail/PhoneNum07172647101
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0100 LINCOLN WAY E SUITE A
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHAMBERSBURG
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd017201
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0true
IRS990/CashNonInterestBearingGrp/BOYAmt057109
IRS990/CashNonInterestBearingGrp/EOYAmt054228
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0157088
IRS990/CYOtherExpensesAmt0523426
IRS990/CYOtherRevenueAmt0679511
IRS990/CYProgramServiceRevenueAmt041904
IRS990/CYRevenuesLessExpensesAmt0355077
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0523426
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0878503
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0PURCHASE, DEVELOPMENT, AND SALE OF LAND FOR INDUSTRIAL DEVELOPMENT
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/ExpenseAmt0373340
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt012800
IRS990/FeesForServicesAccountingGrp/TotalAmt012800
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0686
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt03890
IRS990/FeesForServicesLegalGrp/TotalAmt04576
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt050486
IRS990/FeesForServicesOtherGrp/TotalAmt050486
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt130.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt150.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt160.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt170.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt180.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt190.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt200.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt210.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd18X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd19X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd20X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd21X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/PersonNm0LANCE KEGERREIS
IRS990/Form990PartVIISectionAGrp/PersonNm1CHARLES FRAME
IRS990/Form990PartVIISectionAGrp/PersonNm2ERIC FOREMAN
IRS990/Form990PartVIISectionAGrp/PersonNm3LUKE MARTIN
IRS990/Form990PartVIISectionAGrp/PersonNm4JACK SHARPE
IRS990/Form990PartVIISectionAGrp/PersonNm5EDWIN MARTIN
IRS990/Form990PartVIISectionAGrp/PersonNm6BRANDON STOUFFER
IRS990/Form990PartVIISectionAGrp/PersonNm7CHUCK SIOBERG
IRS990/Form990PartVIISectionAGrp/PersonNm8JIM HILL
IRS990/Form990PartVIISectionAGrp/PersonNm9RAY CULLEN
IRS990/Form990PartVIISectionAGrp/PersonNm10CHAD ROSENBERRY
IRS990/Form990PartVIISectionAGrp/PersonNm11TROY GARMAN
IRS990/Form990PartVIISectionAGrp/PersonNm12WILLIAM EVERLY JR
IRS990/Form990PartVIISectionAGrp/PersonNm13TANYA NITTERHOUSE
IRS990/Form990PartVIISectionAGrp/PersonNm14JIMMY WADE
IRS990/Form990PartVIISectionAGrp/PersonNm15MICHAEL KALATHAS
IRS990/Form990PartVIISectionAGrp/PersonNm16ANDY BARNES
IRS990/Form990PartVIISectionAGrp/PersonNm17LANE THRUSH
IRS990/Form990PartVIISectionAGrp/PersonNm18DWAYNE JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm19JOHN MASSIMILLA
IRS990/Form990PartVIISectionAGrp/PersonNm20TIM HENRY
IRS990/Form990PartVIISectionAGrp/PersonNm21AUSTIN KEGERREIS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRES
IRS990/Form990PartVIISectionAGrp/TitleTxt3ASST TRES
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11CHAMBER CHAI
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01960
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt039545
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt022
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0314330
IRS990/GrossReceiptsAmt02236616
IRS990/GrossRentsGrp/RealAmt01406908
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt022
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt03279
IRS990/InsuranceGrp/TotalAmt03279
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0117543
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0117543
IRS990/InvestmentInJointVentureInd0true
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01868576
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt02404302
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06560291
IRS990/LandBldgEquipBasisNetGrp/BOYAmt013060682
IRS990/LandBldgEquipBasisNetGrp/EOYAmt015976744
IRS990/LandBldgEquipCostOrOtherBssAmt022537035
IRS990/LegalDomicileStateCd0PA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0274785
IRS990/LessRentalExpensesGrp/RealAmt01155568
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0FACILITATE ECONOMIC DEVELOPMENT IN THE CHAMBERSBURG AREA
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt05290517
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt08641267
IRS990/NetAssetsOrFundBalancesBOYAmt012407795
IRS990/NetAssetsOrFundBalancesEOYAmt012852630
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt039545
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt039545
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0251340
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0251340
IRS990/NetUnrlzdGainsLossesInvstAmt089757
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04991
IRS990/OtherAssetsTotalGrp/EOYAmt04199
IRS990/OtherChangesInNetAssetsAmt01
IRS990/OtherExpensesGrp/Desc0ADMINISTRATIVE FEES
IRS990/OtherExpensesGrp/Desc1CONTRIBUTIONS
IRS990/OtherExpensesGrp/Desc2BAD DEBTS
IRS990/OtherExpensesGrp/Desc3INVESTMENT FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0123548
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18035
IRS990/OtherExpensesGrp/ProgramServicesAmt0123548
IRS990/OtherExpensesGrp/ProgramServicesAmt1138007
IRS990/OtherExpensesGrp/ProgramServicesAmt251364
IRS990/OtherExpensesGrp/TotalAmt0247096
IRS990/OtherExpensesGrp/TotalAmt1138007
IRS990/OtherExpensesGrp/TotalAmt251364
IRS990/OtherExpensesGrp/TotalAmt38035
IRS990/OtherLiabilitiesGrp/BOYAmt075701
IRS990/OtherLiabilitiesGrp/EOYAmt029920
IRS990/OtherRevenueMiscGrp/Desc0COMMON AREA MAINTENANCE FEES
IRS990/OtherRevenueMiscGrp/Desc1UTILITY REIMBURSEMENT
IRS990/OtherRevenueMiscGrp/Desc2MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0248724
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1126297
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt253150
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0248724
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1126297
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt253150
IRS990/OtherRevenueTotalAmt0428171
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0778488
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0605812
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt074010
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt074257
IRS990/PrincipalOfficerNm0LANCE KEGERREIS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0INDUSTRIAL DEVELOPMENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt041904
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt041904
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0190104
IRS990/PYOtherExpensesAmt0473867
IRS990/PYOtherRevenueAmt0485673
IRS990/PYProgramServiceRevenueAmt041280
IRS990/PYRevenuesLessExpensesAmt0243190
IRS990/PYTotalExpensesAmt0473867
IRS990/PYTotalRevenueAmt0717057
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0355077
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/RentalIncomeOrLossGrp/RealAmt0251340
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02010433
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02426083
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt013711600
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06540539
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt020252139
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt01296754
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/MethodValuationCd0C
IRS990ScheduleD/EquipmentGrp/BookValueAmt09848
IRS990ScheduleD/EquipmentGrp/DepreciationAmt019752
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt029600
IRS990ScheduleD/ExpensesNotReportedAmt072241
IRS990ScheduleD/ExpensesSubtotalAmt0523426
IRS990ScheduleD/LandGrp/BookValueAmt02255296
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02255296
IRS990ScheduleD/OtherExpensesIncludedAmt072241
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt029920
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01100576
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt16972
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENT
IRS990ScheduleD/OtherSecuritiesGrp/Desc1CERTIFICATE OF DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/RevenueSubtotalAmt0878503
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CHANGE IN ALLOWANCE ACCOUNT 0 BOOK / TAX DEPRECIATION DIFFERENCE 72,241
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CHANGE IN ALLOWANCE ACCOUNT 0
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015976744
IRS990ScheduleD/TotalBookValueSecuritiesAmt02404302
IRS990ScheduleD/TotalExpensesPerForm990Amt0523426
IRS990ScheduleD/TotalLiabilityAmt029920
IRS990ScheduleD/TotalRevenuePerForm990Amt0878503
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0878503
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0595667
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0MICHAEL KALATHAS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1JACK SHARPE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2LANCE KEGERREIS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm3EDWIN MARTIN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm4JIMMY WADE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm5TIM HENRY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm6CHUCK SIOBERG
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1SECRETARY

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,568,625
Liabilities
$8,715,995
Net assets
$12,852,630
Revenue
$878,503
Expenses
$523,426
Net income
$355,077
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.2$7.90$18.3$0.54$0.46$0.08
2023Detailed filing. Detailed filing data is available for this year.$26.3$8.20$18.1$0.89$0.46$0.43
2022Detailed filing. Detailed filing data is available for this year.$18.9$1.40$17.5$3.20$0.43$2.77
2021Detailed filing. Detailed filing data is available for this year.$16.1$1.04$15.1$0.92$0.40$0.52
2019Detailed filing. Detailed filing data is available for this year.$16.0$1.50$14.5$1.66$0.48$1.18
2018Detailed filing. Detailed filing data is available for this year.$21.6$8.41$13.2$1.03$0.57$0.46
2017Detailed filing. Detailed filing data is available for this year.$21.6$8.72$12.9$0.88$0.52$0.36
2016Detailed filing. Detailed filing data is available for this year.$17.9$5.48$12.4$0.72$0.47$0.24
2015Detailed filing. Detailed filing data is available for this year.$18.8$6.25$12.6$1.01$0.59$0.41
2014Detailed filing. Detailed filing data is available for this year.$20.5$8.62$11.9$1.09$0.55$0.54
2013Detailed filing. Detailed filing data is available for this year.$17.5$7.04$10.5$0.75$0.62$0.13