Nonprofit · EIN 23-1417551
BHCU
Tax-exempt · RIDLEY PARK, PA 19078
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $13,163,742 | $12,139,490 | $1,024,252 | $249,400,197 | $222,520,483 | $26,879,714 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $9,983,413
- Investment income
- $1,653,372
- Net gain from sales of assets
- $80,426
- Other revenue
- $1,526,957
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,334,490
- Other salaries and wages
- $2,042,859
- Salaries, compensation and benefits (total)
- $3,932,789
- Professional fundraising fees
- $0
- Legal fees
- $45,996
- Accounting fees
- $84,153
- Occupancy
- $403,861
- Travel
- $12,920
- Depreciation
- $305,431
Balance sheet and other
- Total assets, start of year
- $237,428,003
- Total assets, end of year
- $249,400,197
- Total liabilities, end of year
- $222,520,483
- Net assets, end of year
- $26,879,714
- Land, buildings and equipment
- $4,106,780
- Gross receipts
- $16,104,563
- Employees
- 38
- Volunteers
- 0
- Year formed
- 1952
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GARY GOLDEN | CEO Officer | 40 | $825,272 | $491,962 |
| EDWARD BIERNACKI | CFO Officer | 40 | $193,630 | $75,238 |
| KEVIN PYLE | COO Officer | 40 | $186,660 | $71,277 |
| GERALD DORN | CCO Highest-paid employee | 40 | $149,933 | $31,577 |
| RYAN CONTE | VICE PRESIDENT, CHIEF REVENUE OFFICER Highest-paid employee | 40 | $113,841 | $45,257 |
| JAMES PACE | BUSINESS DEVELOPMENT OFFICER Highest-paid employee | 40 | $109,642 | $38,901 |
| MAGED BASHA | SENIOR ACCOUNTANT Highest-paid employee | 40 | $106,488 | $30,084 |
| CHERYL ALTIERI | EVP Officer | 35 | $15,525 | $12,181 |
| JOSEPH CONTE | PRESIDENT & CHAIRMAN OF BO Trustee or director | 1 | $11,400 | $0 |
| GUY FERRANTI | BOARD OF DIRECTOR Trustee or director | 1 | $10,000 | $0 |
| RICHARD RANALLI | VICE PRESIDENT OF THE BOAR Trustee or director | 1 | $9,000 | $0 |
| KENNETH KNOLL | TREASURER OF THE BOARD Trustee or director | 1 | $8,600 | $0 |
| MICHAEL MUDRICK | BOARD OF DIRECTOR Trustee or director | 1 | $8,600 | $0 |
| JOSEPH KELLEHER | SECRETARY OF THE BOARD Trustee or director | 1 | $7,600 | $0 |
| MICHAEL BARBACANO | BOARD OF DIRECTOR Trustee or director | 1 | $7,400 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH FORTUNATO | BOARD OF DIRECTOR Trustee or director | 1 | $4,800 |
| JENNIFER RINELLA | BOARD OF DIRECTOR Trustee or director | 1 | $4,400 |
Address and contacts
- Address (IRS master file)
- 501 INDUSTRIAL HWY, RIDLEY PARK, PA 19078-1139
- Principal officer (990 for 2024)
- GARY GOLDEN, 501 INDUSTRIAL HIGHWAY, RIDLEY PARK, PA 190781139
- Signed the 990
- GARY GOLDEN, CEO
- Phone
- (610) 595-2929
- Return prepared by
- RKL LLP
Mission
BHCU IS COMMITTED TO PROVIDING ITS MEMBERS A HAVEN OF FINANCIAL STABILITY AND PROTECTION WHILE PROVIDING AN ARRAY OF PRODUCTS THAT FIT THEIR NEEDS. THE CREDIT UNION INTENDS TO DO THIS BY MAKING SOUND, CALCULATED INVESTMENTS, OFFERING LOW INTEREST LOANS, AND HIGH YIELDING DIVIDENDS. AS OUR PRODUCT LINES OF SERVICE EXPAND, WE PLEDGE TO OUR MEMBERS, THAT OUR PERSONNEL WILL CONTINUE TO PROVIDE THE HIGHEST LEVEL OF EXPERIENCE AND COURTESY POSSIBLE.
Program accomplishments
- CREDIT UNIONS ARE COOPERATIVE SAVINGS AND CREDIT ASSOCIATIONS INCORPORATED FOR THE PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR SUCH MEMBERS AT REASONABLE RATES OF INTEREST, AND PROVIDING AN OPPORTUNITY FOR THEIR MEMBERS TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS.Expenses $12,139,490 · revenue $13,163,742
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-1417551
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1945
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 0885: CREDIT UNIONS CHARTERED IN THE STATE OF PENNSYLVANIA
- Assets (IRS master file)
- $249,400,197
- Income (IRS master file)
- $16,104,563
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $10,688,695 | $9,805,015 | $237,428,003 | IRS |
| 990 | December 2022 | $8,145,035 | $6,807,517 | $226,173,847 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about BHCU
- What is the EIN of BHCU?
- The employer identification number (EIN) of BHCU is 23-1417551.
- Is BHCU tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1945.
- Are donations to BHCU tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BHCU file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BHCU due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BHCU last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BHCU?
- The 990 for the year ended December 31, 2024 names GARY GOLDEN.
- Who are the officers and directors of BHCU?
- The 990 for the year ended December 31, 2024 lists 17 people; 17 received compensation from the organization, the highest $825,272 (GARY GOLDEN, CEO).
- How much revenue does BHCU have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $13,163,742, expenses of $12,139,490 and total assets of $249,400,197 at year end.
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