Nonprofit · EIN 23-6392284
GREATER BERKS DEVELOPMENT FUND
Tax-exempt · READING, PA 19601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $4,767,392 | $3,785,563 | $981,829 | $36,710,746 | $17,464,178 | $19,246,568 |
| December 31, 2024 | 990 | $4,853,608 | $3,789,184 | $1,064,424 | $35,401,732 | $16,893,006 | $18,508,726 |
| December 31, 2023 | 990 | $3,411,004 | $3,293,042 | $117,962 | $36,750,712 | $19,244,291 | $17,506,421 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $458,159
- of which government grants
- $366,870
- Program service revenue
- $3,177,717
- Investment income
- $979,261
- Net gain from sales of assets
- $473,936
- Other revenue
- $152,255
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $297,647
- Other salaries and wages
- $235,306
- Salaries, compensation and benefits (total)
- $591,834
- Professional fundraising fees
- $0
- Legal fees
- $1,965
- Accounting fees
- $34,140
- Occupancy
- $44,066
- Program services (functional)
- $3,248,254
- Management and general (functional)
- $537,309
Balance sheet and other
- Total assets, start of year
- $35,401,732
- Total assets, end of year
- $36,710,746
- Total liabilities, end of year
- $17,464,178
- Net assets, end of year
- $19,246,568
- Land, buildings and equipment
- $18,148,000
- Publicly traded securities
- $11,201,300
- Net assets without donor restrictions
- $19,246,568
- Gross receipts
- $8,861,217
- Employees
- 0
- Volunteers
- 16
- Year formed
- 1947
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LUCINE SIHELNIK | CEO Trustee or director, Officer | 10 | $0 | $195,332 | $25,978 |
| DEBRA L MILLMAN | PRESIDENT Trustee or director, Officer | 35 | $0 | $172,885 | $35,035 |
| SARA STEWART | ASST TREASURER Officer | 20 | $0 | $178,088 | $22,526 |
| DANIEL R LANGDON | CHAIRMAN OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ERNEST J CHOQUETTE ESQ | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHAEL A DUFF | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHAEL VIND | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHARLES F BARBERA MD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOSEPH N BUTTO | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| GLYNIS FITZGERALD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOHN HANNA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| GINGER KUNKEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SUSAN D LOONEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JAMEY MAACK | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TIMOTHY D ROMIG | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFFREY R RUSH | BOARD MEMBER Trustee or director | 1 | $0 |
| JOSEPH J SIGLE | BOARD MEMBER Trustee or director | 1 | $0 |
| NICK STOLTZFUS | BOARD MEMBER Trustee or director | 1 | $0 |
| CHRISTINA L WEEBER | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LUCINE SIHELNIK | CEO Trustee or director, Officer | 10 | $0 | $184,689 | $26,454 |
| DEBRA L MILLMAN | PRESIDENT Trustee or director, Officer | 35 | $0 | $167,531 | $25,425 |
| SARA STEWART | ASST TREASURER Officer | 20 | $0 | $165,305 | $16,762 |
| DANIEL R LANGDON | CHAIRMAN OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ERNEST J CHOQUETTE ESQ | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHAEL A DUFF | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHAEL VIND | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHARLES F BARBERA MD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOSEPH N BUTTO | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| GLYNIS FITZGERALD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOHN HANNA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| GINGER KUNKEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SUSAN D LOONEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JAMEY MAACK | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TIMOTHY D ROMIG | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JEFFERY R RUSH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOSEPH J SIGLE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| NICK STOLTZFUS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTINA L WEEBER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAMES GERLACH | CEO Trustee or director, Officer | 5 | $0 | $304,341 | $18,260 |
| DEBRA L MILLMAN | PRESIDENT Trustee or director, Officer | 40 | $0 | $162,334 | $25,070 |
| SARA STEWART | ASST TREASURER Officer | 12 | $0 | $160,422 | $16,454 |
| DANIEL R LANGDON | CHAIRMAN OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ERNEST J CHOQUETTE ESQ | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHAEL A DUFF | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHAEL VIND | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JAMEY MAACK | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOSEPH N BUTTO | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SCOTT HAUSEMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SUSAN D LOONEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RICHARD L BASHORE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TIMOTHY D ROMIG | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DAVID C ROLAND | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTINA L WEEBER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOSEPH J SIGLE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JEFFERY R RUSH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| GINGER KUNKEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CHARLES F BARBERA MD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 606 COURT ST STE 100, READING, PA 19601-3539
- Principal officer (990 for 2025)
- DEBRA MILLMAN, 606 COURT ST 100, READING, PA 19601
- Signed the 990
- DEBRA MILLMAN, PRESIDENT
- Phone
- (610) 376-6766
- Return prepared by
- RKL LLP
Mission
THE GREATER BERKS DEVELOPMENT FUND AIDS AND PROMOTES ECONOMIC AND INDUSTRIAL EXPANSION, AND CONTRIBUTES TO THE ECONOMIC WELL-BEING OF READING AND BERKS COUNTY BY FACILITATING, PROMOTING, AND PARTICIPATING IN, AND FINANCING ECONOMIC DEVELOPMENT AND COMMUNITY REVITALIZATION PROJECTS CONSISTENT WITH THE NEEDS OF THE COMMUNITY, WITH THE INTENTION OF EFFECTUATING POSITIVE CHANGE IN THE ECONOMIC OPPORTUNITIES AVAILABLE TO RESIDENTS AND BUSINESSES BY CREATING JOBS AND INDUCING PRIVATE INVESTMENT.
Program accomplishments
- 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.Expenses $3,248,254 · revenue $3,212,917
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 | 990 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
- 23-6392284
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1955
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $36,710,746
- Income (IRS master file)
- $8,861,217
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | – | – | – | IRS |
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $3,411,004 | $3,293,042 | $36,750,712 | IRS |
| 990 | December 2022 | $4,581,165 | $3,168,289 | $36,026,079 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 GREATER BERKS DEVELOPMENT FUND
- What is the EIN of GREATER BERKS DEVELOPMENT FUND?
- The employer identification number (EIN) of GREATER BERKS DEVELOPMENT FUND is 23-6392284.
- Is GREATER BERKS DEVELOPMENT FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1955.
- Are donations to GREATER BERKS DEVELOPMENT FUND tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GREATER BERKS DEVELOPMENT FUND 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 GREATER BERKS DEVELOPMENT FUND due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GREATER BERKS DEVELOPMENT FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of GREATER BERKS DEVELOPMENT FUND?
- The 990 for the year ended December 31, 2025 names DEBRA MILLMAN.
- Who are the officers and directors of GREATER BERKS DEVELOPMENT FUND?
- The 990 for the year ended December 31, 2025 lists 19 people; 0 received compensation from the organization.
- How much revenue does GREATER BERKS DEVELOPMENT FUND have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $4,767,392, expenses of $3,785,563 and total assets of $36,710,746 at year end.
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