Millvale Borough Development Corporation FY2021 filing

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To stabilize and revitalize millvale's neighborhoods, through the Development of housing, businesses, and skills of individuals. The Corporation recognizes the collaboration of the diverse talents and skills of people within the community as an integral part of the process. The Corporation can serve as a conduit to operate auxiliary programs that foster the corporation's purpose and goals.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
$19K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $243K a year · 40% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$19K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $1.2M
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$254K
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$190K
+25% vs prior year
Spent
$127K
To programs
67%
Net assets
$622K
By yearFY2020–FY2024
Revenue
$190K
FY2021▲ +25%
Tap a bar for its year
Revenue by fiscal year
FY2020$153K
FY2021$190K
FY2022$424K
FY2023$553K
FY2024$1.7M
Expenses
$127K
FY2021▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2020$141K
FY2021$127K
FY2022$364K
FY2023$387K
FY2024$784K
Net assets
$622K
FY2021▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$558K
FY2021$622K
FY2022$681K
FY2023$1.0M
FY2024$1.6M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1999.

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

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $85K Management & general 10% · $13K Fundraising 23% · $29K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $19K paid to officers and key staff.

Part VII, Section A · reportable compensation
Board Member
$19,349Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Maya Guerin’s $19K as Board Member is at the 2nd percentile of top reported officer pay among 2833 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Millvale Borough 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

Develops housing, businesses, and skills to revitalize neighborhoods.

Questions for Millvale Borough Development Corporation

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1 program · $85K · in their own filed words · FY2021
01

1. To mobilize the resources available in the community, both public and private agency and individual, in support of economic growth and revitalization in the borough of MILLVALE.2. To disseminate information of and promote interest in the preservation, history, culture, and architecture in the borough of MILLVALE.3.

$85Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$1.2M

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$190K
Ln 12
Gifts and grantsLn 1h$174K
Other incomeLn 4–11$17K
Money outPt IX
$127K
Ln 25
Programscol B$85K
Managementcol C$13K
Fundraisingcol D$29K
Owns and owesPt X
$622K
net assets · Ln 32
Cash and savingsLn 1–2$39K
Total assetsLn 16$876K
LiabilitiesLn 26$254K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$174K
Fundraising eventsLn 1c$123K
Other incomeLn 4–11$17K
Total revenueLn 12$190K
Assets in detailPt X, end of year
CashLn 1$39K
Cash and savings togetherLn 1–2$39K
Land, buildings, equipmentLn 10c$836K
Total assetsLn 16$876K
LiabilitiesLn 26$254K
Net assetsLn 32$622K
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$70K$39K
Land, buildings, equipmentLn 10c$755K$836K
Total assetsLn 16$824K$876K
LiabilitiesLn 26$266K$254K
Net assetsLn 32$558K$622K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$4K$4K
Office expensesLn 13$6K$6K
OccupancyLn 16$3K$3K
TravelLn 17$789$789
Conferences, conventions and meetingsLn 19$91$91
Depreciation, depletion and amortizationLn 22$7K$7K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$69K$65K$4K
All other expensesLn 24e$29K$29K
Total functional expensesLn 25$127K$85K$13K$29K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 17, 2025 $1.7M$784K$915K$1.6M 990 PDF
FY2023Filed with the IRS Jun 23, 2025 $553K$387K$166K$1.0M 990 PDF
FY2022Filed with the IRS Apr 16, 2024 $424K$364K$59K$681K 990 PDF
FY2021 ViewingFiled with the IRS Nov 9, 2022 $190K$127K$63K$622K 990 PDF
FY2020Filed with the IRS Oct 19, 2021 $153K$141K$12K$558K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $190,471 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $116,201$173,959
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $36,698$16,512
I-12 Total revenuePrior year $152,899$190,471
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 $141,384$126,994
I-18 Total expensesPrior year $141,384$126,994
I-19 Revenue less expensesPrior year $11,515$63,477
Part VI · Governance 15 of 15 board members independent, 3 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $190,471 across 6 lines filed
VIII-1c Fundraising events$122,622
VIII-1f All other contributions, gifts and grants$51,337
VIII-1h Total contributions, gifts and grants$173,959
VIII-6 Net rental income or lossRelated to mission $53,911$53,911
VIII-8 Net income from fundraising eventsExcluded from tax −$37,399−$37,399
VIII-12 Total revenueRelated to mission $53,911 · Unrelated business $0 · Excluded from tax −$37,399$190,471
Part IX · Statement of functional expenses $126,994 across 9 lines filed
IX-11c Accounting feesManagement $3,625$3,625
IX-13 Office expensesManagement $5,775$5,775
IX-16 OccupancyPrograms $2,818$2,818
IX-17 TravelPrograms $789$789
IX-19 Conferences, conventions and meetingsManagement $91$91
IX-22 Depreciation, depletion and amortizationPrograms $6,873$6,873
IX-23 InsurancePrograms $9,359$9,359
IX-24 Other expenses (24a–d)Programs $65,209 · Management $3,583$68,792
IX-24e All other expensesFundraising $28,872$28,872
IX-25 Total functional expensesPrograms $85,048 · Management $13,074 · Fundraising $28,872$126,994
Part X · Balance sheet $875,583 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $69,752$39,356
X-10c Land, buildings and equipment, netStart of year $754,631$836,227
X-16 Total assetsStart of year $824,383$875,583
X-23 Secured mortgages and notes payableStart of year $266,099$253,822
X-26 Total liabilitiesStart of year $266,099$253,822
X-27 Net assets without donor restrictionsStart of year $558,284$621,761
X-32 Total net assets or fund balancesStart of year $558,284$621,761
X-33 Total liabilities and net assetsStart of year $824,383$875,583
Part XI · Reconciliation of net assets $621,761 net assets at year end
XI-1 Total revenue$190,471
XI-2 Total expenses$126,994
XI-3 Revenue less expenses$63,477
XI-4 Net assets at start of year$558,284
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$621,761

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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