Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1955.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
86 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
19 people listed on the 990.
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
- Loans to or from officersSch L · Pt II2 listed
Programs and updates
Promotes economic expansion and community revitalization through financing and participation in development projects.
Questions for Greater Berks Development Fund
Your first name shows with your question. Greater Berks Development Fund answers here, for everyone.
The Fund grants real estate and machinery & equipment-related loans and assists in other economic and industrial-type lending to aid and promote the economic and industrial expansion in reading & Berks county.
Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-6392284) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $539K | $415K |
| InvestmentsLn 11–13 | $9.6M | $11.2M |
| Land, buildings, equipmentLn 10c | $17.2M | $18.1M |
| Total assetsLn 16 | $35.4M | $36.7M |
| LiabilitiesLn 26 | $16.9M | $17.5M |
| Net assetsLn 32 | $18.5M | $19.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $298K | $156K | $141K | |
| Other salaries and wagesLn 7 | $235K | $106K | $130K | |
| Pension plan contributionsLn 8 | $21K | $10K | $11K | |
| Other employee benefitsLn 9 | $3K | $3K | ||
| Payroll taxesLn 10 | $36K | $17K | $18K | |
| Management feesLn 11a | $77K | $77K | ||
| Legal feesLn 11b | $2K | $2K | ||
| Accounting feesLn 11c | $34K | $34K | ||
| Investment management feesLn 11f | $39K | $39K | ||
| Office expensesLn 13 | $7K | $7K | ||
| OccupancyLn 16 | $44K | $44K | ||
| InterestLn 20 | $96K | $96K | ||
| Other expenses (24a–d)Ln 24 | $2.9M | $2.9M | ||
| All other expensesLn 24e | $31K | $31K | ||
| Total functional expensesLn 25 | $3.8M | $3.2M | $537K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS Jul 28, 2026 | $4.8M | $3.8M | $982K | $19.2M | 990 PDF |
| FY2024Filed with the IRS Jun 24, 2025 | $4.9M | $3.8M | $1.1M | $18.5M | 990 PDF |
| FY2023Filed with the IRS Sep 6, 2024 | $3.4M | $3.3M | $118K | $17.5M | 990 PDF |
| FY2022Filed with the IRS Sep 12, 2023 | $4.6M | $3.2M | $1.4M | $16.4M | 990 PDF |
| FY2021Filed with the IRS Aug 4, 2022 | $9.7M | $9.0M | $685K | $17.0M | 990 PDF |
| FY2020Filed with the IRS Aug 26, 2021 | $7.9M | $4.6M | $3.3M | $14.5M | 990 PDF |
Schedules filed Part IV
See the full FY2025 990
Part I · Summary $4,767,392 revenue, 12 lines filed
Part VI · Governance 16 of 18 board members independent, 1 to look at
Part VIII · Statement of revenue $4,767,392 across 8 lines filed
Part IX · Statement of functional expenses $3,785,563 across 14 lines filed
Part X · Balance sheet $36,710,746 assets, 17 lines filed
Part XI · Reconciliation of net assets $19,246,568 net assets at year end
Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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