GREATER BERKS DEVELOPMENT FUND
READING, PA | Berks County
Economic Development
Overview
GREATER BERKS DEVELOPMENT FUND
23-6392284
606 COURT ST NO 100
READING, PA 19601
Berks County
READING, PA 19601
Berks County
Mission Statement
This nonprofit has not reported a mission statement.
CRA Category
- Economic Development
Nonprofit location
- LMI Census Tract
- Majority Minority Census Tract
- Opportunity Zone
Awards & Certifications
- CDFI Organization
Founded
Not reported
Total Employees
Not reported
Total Volunteers
Not reported
Nonprofit Classification (NTEE Code)
-
Not reported
IRS Activity Codes
403
Attracting new industry or retaining industry in an area
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code)
-
Not reported
CRA Alignment
CRA Category
Economic Development
Workforce development, job training, and small business or startup support.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and
then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications
Community Development Financial Institution
Date Certified
10/25/2013
Native American CDFI
N
Financial Institution Type
Loan Fund
Community Development Financial Institution Award Recipient
New Market Tax Credit Recipient
HUD Counseling Agency
Low Income Housing Tax Credit Recipient
IRS Summary
Income
$12.2M
Revenue
$7.9M
Assets
$55M
Exempt Ruling Date
1955-03
Deductibility Status
Not Deductible
Last Tax Filing
2020
Organization Type
Corporation
Organization Tax Filing Status
990 (all other) or 990EZ return
Foundation Tax Filing Status
990-PF not required by IRS
Affiliation Classification
Independent Organization
States Where Tax Return is Filed
Not reported
Basis for Foundation/Public Charity Status
All organizations except 501(c)(3)
Nonprofit Location
Physical Address
606 COURT ST NO 100
READING, PA 19601
Berks County
READING, PA 19601
Berks County
FIPS Geocoded Address
39740
MSA/CBSA
42
State
011
County
0001.00
Tract
Low
Income Level
Core-Based Statistical Area
Reading, PA
Combined Statistical Area
Philadelphia-Reading-Camden, PA-NJ-DE-MD
Metropolitan Division
Not located in an MD.
Area Type
Metropolitan Statistical Area
Located In
Low- or Moderate-Income Census Tract
Opportunity Zone
Majority Minority Census Tract
77.48%
FFIEC Designated Distressed Census Tract
FFIEC Underserved Census Tract
Market Data
Census Tract | County | |
---|---|---|
0001.00 | Berks County | |
Population | ||
Total Population | 5,343 | 418,025 |
Total Households | 2,466 | 154,712 |
Income | ||
Median Family Income (Census*) | $16,629 | $63,728 |
Median Family Income (2019 FFIEC) | $76,300 | N/A |
Tract Income Percentage | 24.56% | N/A |
Below Poverty Level | 52.8% | 12% |
Unemployment Level | 28.0% | 5.9% |
Housing | ||
Total Housing Units | 3,070 | 167,105 |
Total Owner-Occupied Units | 14.4% | 71.5% |
Total Renter-Occupied Units | 65.9% | 28.5% |
Total Vacant Units | 19.7% | 8.9% |
* Census tract income based on 2019 Census estimated data; County income based on 2019 American Community Survey data.
Management
18
Total Voting Members
in Governing Body
in Governing Body
16
Independent Voting Members
in Governing Body
in Governing Body
Tax Filing Signatory
Edward J Swoyer Jr.
President
(610) 376-6739
President
(610) 376-6739
Principal Officer
Edward J Swoyer Jr.
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents
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
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
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.

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