Berks County Nonprofit Development Corporation

Organization Overview

Berks County Nonprofit Development Corporation is located in Mohnton, PA. The organization was established in 2014. 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. Berks County Nonprofit Development Corporation 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 12/2022, Berks County Nonprofit Development Corporation generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 47.8% each year . All expenses for the organization totaled $2.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE ECONOMIC DEVELOPMENT IN SUPPORT OF REDEVELOPMENT AUTHORITY OF THE COUNTY OF BERKS

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO HOLD AND/OR INVEST ASSETS FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO SUPPORT THE REDEVELOPMENT AUTHORITY OF THE COUNTY OF BERKS (RACB). ANTICIPATED FUTURE ACTIVITIES OF THE RACB INCLUDE, BUT ARE NOT LIMITED TO, THE CONSTRUCTION OF OFFICES TO BE LEASED TO THE COUNTY OF BERKS, THE DEVELOPMENT OF LOW INCOME RENTAL HOUSING, AND THE DEVELOPMENT OF AN EMERGENCY SHELTER FOR HOMELESS FAMILIES.


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Board, Officers & Key Employees

Name (title)Compensation
Glenn Yeager
Chairman
$0
Eileen Kastura
Vice Chair
$0
Thomas Ruth
Secretary
$0
Diodato Bassano
Treasurer/assistant Secretary
$0
Jorge Diaz
Assistant Treasurer
$0
Kenneth Pick
Executive Director
$0

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$15
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$15
Total Program Service Revenue$2,938,395
Investment income $190
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,938,600

Peer Organizations

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Maryland Manufacturing Service Inc
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$4,902,403
Prince Georges County Economic Development Corporation
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$5,105,140
Ohio Capital Finance Corporation
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$18,182,307
The Columbus Partnership
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$9,362,677
Grow America Fund Inc
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$3,801,712
Gmdc Two Inc
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$3,942,853
Enterprise Center
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Flatbush Development Corporation
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Baltimore Community Lending Inc
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$4,865,383

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