GREATER BERKS DEVELOPMENT FUND

READING, PA | Berks County
Revitalization/Stabilization

Overview

GREATER BERKS DEVELOPMENT FUND
23-6392284
606 COURT ST NO 100
READING, PA 19601
Berks County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Revitalization/Stabilization
Nonprofit location info
  • LMI Census Tract
  • Majority Minority Census Tract
  • Opportunity Zone
Awards & Certifications info
  • CDFI Organization
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
-

Not reported

IRS Activity Codes info
403
Attracting new industry or retaining industry in an area
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
-
Not reported

CRA Alignment

CRA Category info
Revitalization/Stabilization
Community and economic development in distressed, underserved or disadvantaged areas.
What does it mean for a nonprofit to be CRA aligned?
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Awards & Certifications info
Community Development Financial Institution info
Date Certified info
10/25/2013
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$12.2M
Revenue
$7.9M
Assets
$55M
Exempt Ruling Date info
1955-03
Deductibility Status info
Not Deductible
Last Tax Filing info
2020
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
Not reported
Basis for Foundation/Public Charity Status info
All organizations except 501(c)(3)

Nonprofit Location

Physical Address info
606 COURT ST NO 100
READING, PA 19601
Berks County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
39740
MSA/MD info
42
State info
011
County info
0001.00
Tract info
Low
Income Level info
Core-Based Statistical Area info
39740 - Reading, PA
Combined Statistical Area info
428 - Philadelphia-Reading-Camden, PA-NJ-DE-MD
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 82.23%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
0001.00 Berks County
Population
Total Population 6,076 419,062
Total Households 2,180 156,389
Income
Median Family Income (Census*) $30,135 $66,154
Median Family Income (2022 FFIEC est.) $90,700 N/A
Tract Income Percentage 37% N/A
Below Poverty Level 47.2% 11.7%
Unemployment Level 19.8% 5.6%
Housing
Total Housing Units 2,705 167,514
Total Owner-Occupied Units 7.2% 71.0%
Total Renter-Occupied Units 73.4% 29.0%
Total Vacant Units 19.4% 7.6%
* Census tract income based on 2020 Census estimated data; County income based on 2020 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

18
Total Voting Members
in Governing Body
info
16
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Edward J Swoyer Jr.
President
(610) 376-6739
Principal Officer info
Edward J Swoyer Jr.
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.