Developemental Enterprises Corp
- Assets
- $10.2m
- Revenue
- $9.4m
- Investments
- $0.0
- Employees
- 333
- Location
- Norristown, PA
- Founding
- 02/1972
- Data as of
- 06/2022
- EIN
- 23-7122260
Organization Overview
Developemental Enterprises Corp is located in Norristown, PA. The organization was established in 1972. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 06/2022, Developemental Enterprises Corp employed 333 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Developemental Enterprises Corp 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 06/2022, Developemental Enterprises Corp generated $9.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $7.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEC IS COMMITTED TO SUPPORTING THOSE WITH DEVELOPMENTAL DISABILITIES TO REACH THEIR POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOCATIONAL REHABILITATIVE- DEC MAINTAINS FACILITIES THROUGHOUT MONTGOMERY COUNTY TO PROVIDE VOCATIONAL REHABILITATION TO DEVELOPMENTALLY DISABLED ADULTS.
RESIDENTIAL SERVICES- DEC PROVIDES COMMUNITY RESIDENTIAL SERVICES TO PERSONS WITH MENTAL AND PHYSICAL HANDICAPS.
COMMUNITY SERVICES- DEC PROVIDES EMPLOYMENT SUPPORT FOR PERSONS WITH MENTAL AND PHYSICAL HANDICAPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Keating President | OfficerTrustee | 1 | $0 |
Mark Phander Vice-President | OfficerTrustee | 1 | $0 |
L Steuart Brown Jr Treasurer | OfficerTrustee | 1 | $0 |
Kirk Armbrust Secretary | OfficerTrustee | 1 | $0 |
John Frampton Director | Trustee | 1 | $0 |
Brian W Meyer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,933,159 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,632 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,937,791 |
| Total Program Service Revenue | $439,219 |
| Investment income | $16,224 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $26,383 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,419,647 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $181,783 |
| Compensation of current officers, directors, key employees. | $163,513 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,520,624 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $623,579 |
| Payroll taxes | $336,312 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50,760 |
| Fees for services: Accounting | $24,715 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,794 |
| Advertising and promotion | $0 |
| Office expenses | $226,000 |
| Information technology | $148,925 |
| Royalties | $0 |
| Occupancy | $524,398 |
| Travel | $196,680 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $176,502 |
| Insurance | $196,689 |
| All other expenses | $4,755 |
| Total functional expenses | $7,476,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,516,249 |
| Savings and temporary cash investments | $3,432,759 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,489,629 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $28,050 |
| Net Land, buildings, and equipment | $1,156,442 |
| Investments—publicly traded securities | $1,297,615 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $293,613 |
| Total assets | $10,214,357 |
| Accounts payable and accrued expenses | $596,323 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $269,725 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $122,606 |
| Total liabilities | $988,654 |
| Net assets without donor restrictions | $9,225,703 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,214,357 |