2024-10-30T14:52:50-05:00 2023-12-31 232415973 HERBEIN COMPANY INC 2763 CENTURY BOULEVARD READING PA 19610 990 2023-01-01 464136425 BERKS COUNTY NONPROFIT DEVELOPMENT CORPORATION BERK 6104786325 400 E WYOMISSING AVENUE 2 MOHNTON PA 19540 KENNETH PICK EXECUTIVE DIRECTOR 6104786325 2024-10-29 1 1 LINDA S HIMEBACK CPA P00042618 6103781175 2024-10-29 2023 2024-10-15 13:58:12Z KENNETH PICK 400 E WYOMISSING AVENUE 2 MOHNTON PA 19540 7827561 0 X N/A X 2013 PA TO PROMOTE ECONOMIC DEVELOPMENT IN SUPPORT OF REDEVELOPMENT AUTHORITY OF THE COUNTY OF BERKS 5 5 0 5 0 0 15 0 2938395 7826465 190 1096 0 0 2938600 7827561 0 0 0 0 0 0 0 0 0 2005903 1679501 2005903 1679501 932697 6148060 17246187 32322244 13462708 22354183 3783479 9968061 TO PROMOTE ECONOMIC DEVELOPMENT BY VIRTURE OF ITS SUPPORT OF THE MISSION OF THE REDEVELOPMENT AUTHORITY OF THE COUNTY OF BERKS TO CARRY OUT THE PURPOSES OF THE PENNSYLVANIA URBAN REDEVELOPMENT ACT OF 1945, AS AMENDED. 0 0 1679501 7826465 TO HOLD AND/OR INVEST ASSETS FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO SUPPORT THE REDEVELOPMENT AUTHORITY OF THE COUNTY OF BERKS (RACB). ANTICIPATED FUTURE ACTIVITIES OF THE RACB INCLUDE, BUT ARE NOT LIMITED TO, THE CONSTRUCTION OF OFFICES TO BE LEASED TO THE COUNTY OF BERKS, THE DEVELOPMENT OF LOW INCOME RENTAL HOUSING, AND THE DEVELOPMENT OF AN EMERGENCY SHELTER FOR HOMELESS FAMILIES. 1679501 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 28 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X THE ORGANIZATION 6104786325 400 E WYOMISSING AVENUE 2 MOHNTON PA 19540 GLENN YEAGER CHAIRMAN 1.00 1.00 X X 0 0 0 EILEEN KASTURA VICE CHAIR 1.00 1.00 X X 0 0 0 THOMAS RUTH SECRETARY 1.00 1.00 X X 0 0 0 DIODATO BASSANO TREASURER/ASSISTANT SECRETARY 1.00 1.00 X X 0 0 0 JORGE DIAZ ASSISTANT TREASURER 1.00 1.00 X X 0 0 0 KENNETH PICK EXECUTIVE DIRECTOR 1.00 40.00 X 0 154127 14283 0 154127 14283 0 0 1 0 0 RENTAL INCOME 531110 5630642 5630642 HOME PROJECT FUNDS 531110 2095823 2095823 ACT 137 FUNDING 531110 100000 100000 7826465 1096 1096 7827561 7826465 0 1096 26520 26520 3950 3950 62 62 1875 1875 290 290 118624 118624 317485 317485 63770 63770 REDEVELOPMENT PROJECTS 754896 754896 ADMINISTRATIVE FEES 198710 198710 ENGINEERING 180318 180318 MISCELLANEOUS OPERATING 12734 12734 267 267 1679501 1679501 0 0 -228973 0 566006 5585 82412 94670 23548709 803927 17224501 22744782 168247 8911201 17246187 32322244 1069241 1042709 6774600 300000 4717800 4328216 901067 16683258 13462708 22354183 X 3783479 9968061 3783479 9968061 17246187 32322244 X 6148060 36522 0 X 0 1 X 1 0 X X 1 REDEVELOPMENT AUTHORITY OF THE COUNTY OF BERKS 231719387 6 1 1979093 0 1 1979093 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1347630 1347630 22144165 792265 21351900 56914 11662 45252 22744782 MORTGAGES RECEIVABLE 51794 DERIVATIVE INSTRUMENT - INTEREST RATE SWAP 409730 INTEREST RECEIVABLE 191069 LEASE RECEIVABLE 8258608 8911201 SECURITY DEPOSITS 72541 NOTE PAYABLE TO BCRA 937234 DEFERRED INFOW FOR INTEREST RATE SWAP 409730 DEFERRED INFLOW FOR LEASE REVENUE 15136925 CASH OVERDRAFT 126828 16683258 X 7827561 0 7827561 0 7827561 1679501 0 1679501 0 1679501 PART X, LINE 2: IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINICPLES, THE ORGANIZATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS RELATIVE TO UNRELATED BUSINESS INCOME, IF ANY, AS REQUIRED. 0 0 0 0 0 0 0 0 0 KENNETH PICK EXECUTIVE DIRECTOR 0 154127 0 0 0 0 0 0 0 14283 0 168410 0 0 PART I, LINE 3 THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AUTHORITY OF THE COUNTY OF BERKS (RELATED PARTY) ANNUALLY. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE CORPORATION IS THE REDEVELOPMENT AUTHORITY OF THE COUNTY OF BERKS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CORPORATION ARE THE MEMBERS OF THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AUTHORITY. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT IS REVIEWED ANNUALLY BY THE DIRECTOR, PRINCIPAL OFFICER OR MEMBER OF A COMMITTEE TO DETECT ANY POSSIBLE CONFLICTS WHEN ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER OR DIRECTOR OF THE ORGANIZATION. ACTUAL OR POSSIBLE CONFLICTS MUST BE DISCLOSED AND THAT PERSON IS EXCLUDED FROM VOTING ON THE TRANSACTION. FORM 990, PART VI, SECTION C, LINE 18 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 8 THE PRIOR YEAR RETURN WAS FILED WITH UNAUDITED NUMBERS DUE TO THE AUDIT REPORT NOT BEING FINALIZED BEFORE THE FILING DUE DATE. THE CURRENT YEAR RETURN INCLUDES A PRIOR PERIOD ADJUSTMENT TO ADJUST NET ASSETS TO AGREE TO FINAL 12/31/2022 AUDIT REPORT. REDEVELOPMENT AUTHORITY OF THE COUNTY OF BERKS 400 E WYOMISSING AVENUE MOHNTON PA 19540 231719387 ECONOMIC DEVELOPMENT PA 501(C)(6) 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 REDEVELOPMENT AUTHROITY OF THE COUNTY OF BERKS E 937234 CASH REDEVELOPMENT AUTHROITY OF THE COUNTY OF BERKS L 1979093 CASH REDEVELOPMENT AUTHROITY OF THE COUNTY OF BERKS P 198503 CASH