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Doyle Development Corporation

Doylestown, PAMutual-benefit / member-servingCommunity Development EIN 23-2546294Revenue $329K in FY2025Latest return filed Jan 28, 2026

On file with the IRSDoylestown, PATax-exempt since Jul 2002

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Holds title of property for the benefit of a 501(c)(3) organization.

Run by 5 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $116K a year · 37% of revenue · last 6 filings
A surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
21.1 mo
of spending, in cash
21.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$531K
29% of total assets
Liabilities are 29% of assets.
Pt X · Ln 26
Independent board members
4
of 5 voting members
4 of 5 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$329K
-54% vs prior year
Spent
$235K
Net assets
$1.3M
By yearFY2020–FY2025
Revenue
$329K
FY2025▼ -54%
Tap a bar for its year
Revenue by fiscal year
FY2020$199K
FY2021$205K
FY2022$213K
FY2023$213K
FY2024$717K
FY2025$329K
Expenses
$235K
FY2025▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$142K
FY2021$241K
FY2022$147K
FY2023$175K
FY2024$244K
FY2025$235K
Net assets
$1.3M
FY2025▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$680K
FY2021$645K
FY2022$711K
FY2023$749K
FY2024$1.2M
FY2025$1.3M

From the FY2025 Form 990 (year ending June 2025) · see the original

990 PDF Support Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Jim Bray
President
$0Pt VII · Sec A
Robert Badman
Vice President
$0Pt VII · Sec A
Kelly Welchoff-Smola
Secretary/Treasurer
$0Pt VII · Sec A
Tobias Bruhn
Member from 1/1/25
$0Pt VII · Sec A
Kerry Shepherd
Member Through 12/31/24
$0Pt VII · Sec A
See Doyle Development Corporation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Owns property for the benefit of a charity.

Questions for Doyle Development Corporation

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1 program · in their own filed words · FY2024
01

Holds title of property for the benefit of a 501(c)(3) organization.

Pt IX · Ln 25 · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $50K · 2020–2020
Bucks County Opportunity Council INCPA · FY2020$50,266

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$329K
Ln 12
Fees for servicesLn 2g$329K
Investment incomeLn 3$218
Money outPt IX
$235K
Ln 25
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$413K
Total assetsLn 16$1.8M
LiabilitiesLn 26$531K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$329K
Investment incomeLn 3$218
Total revenueLn 12$329K
Assets in detailPt X, end of year
CashLn 1$309K
SavingsLn 2$104K
Cash and savings togetherLn 1–2$413K
Land, buildings, equipmentLn 10c$1.4M
Total assetsLn 16$1.8M
LiabilitiesLn 26$531K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$290K$413K
Land, buildings, equipmentLn 10c$1.5M$1.4M
Total assetsLn 16$1.8M$1.8M
LiabilitiesLn 26$548K$531K
Net assetsLn 32$1.2M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$18K
Legal feesLn 11b$4K
Accounting feesLn 11c$2K
Other fees for servicesLn 11g$12K
Office expensesLn 13$7K
OccupancyLn 16$105K
InterestLn 20$30K
Depreciation, depletion and amortizationLn 22$46K
InsuranceLn 23$12K
Total functional expensesLn 25$235K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Jan 28, 2026 $329K$235K$94K$1.3M 990 PDF
FY2024Filed with the IRS Feb 27, 2025 $717K$244K$473K$1.2M 990 PDF
FY2023Filed with the IRS Jan 29, 2024 $213K$175K$38K$749K 990 PDF
FY2022Filed with the IRS Feb 2, 2023 $213K$147K$67K$711K 990 PDF
FY2021Filed with the IRS Feb 1, 2022 $205K$241K−$36K$645K 990 PDF
FY2020Filed with the IRS Feb 10, 2021 $199K$142K$57K$680K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $329,229 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $447,204$0
I-9 Program service revenuePrior year $269,929$329,011
I-10 Investment incomePrior year $197$218
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $717,330$329,229
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $244,308$235,174
I-18 Total expensesPrior year $244,308$235,174
I-19 Revenue less expensesPrior year $473,022$94,055
Part VI · Governance 4 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $329,229 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $329,011$329,011
VIII-3 Investment incomeExcluded from tax $218$218
VIII-12 Total revenueRelated to mission $329,011 · Unrelated business $0 · Excluded from tax $218$329,229
Part IX · Statement of functional expenses $235,174 across 9 lines filed
IX-11a Management fees$18,000
IX-11b Legal fees$3,738
IX-11c Accounting fees$2,362
IX-11g Other fees for services$12,141
IX-13 Office expenses$6,538
IX-16 Occupancy$104,619
IX-20 Interest$29,533
IX-22 Depreciation, depletion and amortization$46,132
IX-23 Insurance$12,111
IX-25 Total functional expenses$235,174
Part X · Balance sheet $1,847,432 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $237,939$309,443
X-2 Savings and temporary cash investmentsStart of year $52,068$103,524
X-10c Land, buildings and equipment, netStart of year $1,480,597$1,434,465
X-16 Total assetsStart of year $1,770,604$1,847,432
X-17 Accounts payable and accrued expensesStart of year $8,865$13,031
X-23 Secured mortgages and notes payableStart of year $539,423$518,030
X-26 Total liabilitiesStart of year $548,288$531,061
X-27 Net assets without donor restrictionsStart of year $1,222,316$1,316,371
X-32 Total net assets or fund balancesStart of year $1,222,316$1,316,371
X-33 Total liabilities and net assetsStart of year $1,770,604$1,847,432
Part XI · Reconciliation of net assets $1,316,371 net assets at year end
XI-1 Total revenue$329,229
XI-2 Total expenses$235,174
XI-3 Revenue less expenses$94,055
XI-4 Net assets at start of year$1,222,316
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,316,371

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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