Greenville Reynolds Development Corp
- Assets
- $9.4m
- Revenue
- $1.0m
- Investments
- $954.3k
- Employees
- 15
- Location
- Greenville, PA
- Founding
- 04/1986
- Data as of
- 12/2023
- EIN
- 25-1456793
Organization Overview
Greenville Reynolds Development Corp is located in Greenville, PA. The organization was established in 1986. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Greenville Reynolds Development Corp employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenville Reynolds Development Corp is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Greenville Reynolds Development Corp generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $834.8k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AND DEVELOP INDUSTRIAL GROWTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
GREENVILLE REYNOLDS DEVELOPMENT CORPORATION PROMOTES AND DEVELOPS INDUSTRIAL GROWTH FOR THE AREAS IN AND SURROUNDING THE GREENVILLE, PENNSYLVANIA COMMUNITY. ALL EXPENSES ARE INCURRED FOR THIS PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Jones President | OfficerTrustee | 1 | $0 |
Mike Cusick Vice President | OfficerTrustee | 1 | $0 |
Brent Ward Secretary | OfficerTrustee | 1 | $0 |
Janet Scott Treasurer | OfficerTrustee | 1 | $0 |
Ben Beck Board Member | Trustee | 1 | $0 |
Ken Lapinski Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fmg Construction Construction | 12/30/17 | $188,785 |
Civil & Environmental Consultants Inc Consulting Services | 12/30/17 | $123,500 |
Fmg Construction Construction | 12/30/17 | $188,785 |
Civil & Environmental Consultants Inc Consulting Services | 12/30/17 | $123,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $797,299 |
| Investment income | $2,692 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $811 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $225,913 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,035,413 |
| 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. | $89,237 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $12,724 |
| Other employee benefits | $21,783 |
| Payroll taxes | $16,547 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $592 |
| Fees for services: Accounting | $9,408 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,121 |
| Office expenses | $9,998 |
| Information technology | $2,141 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $45,807 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $281,978 |
| Insurance | $69,983 |
| All other expenses | $29,999 |
| Total functional expenses | $834,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,700 |
| Savings and temporary cash investments | $351,334 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,958 |
| 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 | $25,235 |
| Net Land, buildings, and equipment | $6,782,779 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $954,322 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,019,690 |
| Total assets | $9,354,018 |
| Accounts payable and accrued expenses | $110,879 |
| Grants payable | $0 |
| Deferred revenue | $53,021 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $866,164 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,030,064 |
| Net assets without donor restrictions | $8,323,954 |
| 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 | $9,354,018 |