Pottstown Area Development Corporation Vi
- Assets
- $8.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Pottstown, PA
- Founding
- 12/2002
- Data as of
- 12/2023
- EIN
- 01-0688494
Organization Overview
Pottstown Area Development Corporation Vi is located in Pottstown, PA. The organization was established in 2002. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pottstown Area Development Corporation VI is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Pottstown Area Development Corporation VI generated $7.7k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 37.2% each year . All expenses for the organization totaled $4.2k during the year ending 12/2023. While expenses have increased by 28.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
SALE OF BLIGHTED REAL ESTATE IN THE DOWNTOWN AREA OF POTTSTOWN, PA. FOR REDEVELOPMENT AND USE IN THE DOWNTOWN AREA
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Board, Officers & Key Employees
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,700 |
| Membership dues | $0 |
| Investment income | $44 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $7,744 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $550 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,696 |
| Total expenses | $4,246 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $8,914 |
| Other assets | $0 |
| Total assets | $8,914 |
| Total liabilities | $4,152 |
| Net assets or fund balances | $4,762 |