Nonprofit · EIN 55-0630721
BUSINESS DEVELOPMENT CORPORATION OF THE NORTHERN PANHANDLE
Tax-exempt · WEIRTON, WV 26062
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,880,271 | $3,978,431 | $901,840 | $175,157,340 | $164,449,932 | $10,707,408 |
| December 31, 2023 | 990 | $7,173,321 | $3,217,000 | $3,956,321 | $68,622,453 | $58,816,885 | $9,805,568 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $492,067
- of which government grants
- $306,614
- Membership dues
- $156,303
- Program service revenue
- $4,101,656
- Investment income
- $265,565
- Net gain from sales of assets
- $125,250
- Other revenue
- $20,983
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $94,750
- Salaries, compensation and benefits (total)
- $383,724
- Professional fundraising fees
- $0
- Legal fees
- $108,303
- Accounting fees
- $66,008
- Occupancy
- $14,400
- Depreciation
- $754,000
- Program services (functional)
- $3,704,530
- Management and general (functional)
- $273,901
Balance sheet and other
- Total assets, start of year
- $68,622,453
- Total assets, end of year
- $175,157,340
- Total liabilities, end of year
- $164,449,932
- Net assets, end of year
- $10,707,408
- Land, buildings and equipment
- $32,713,247
- Net assets without donor restrictions
- $10,707,408
- Gross receipts
- $4,887,021
- Employees
- 5
- Volunteers
- 0
- Year formed
- 1983
- State of legal domicile
- WV
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 |
|---|---|---|---|
| JACOB KEENEY | FORMER CO-EXECUTIVE DIRECTOR Former | 40 | $129,842 |
| ANTHONY CLEMENTS | EXECUTIVE DIRECTOR/SECRETARY Trustee or director, Officer | 40 | $94,750 |
| JOHN FRANKOVITCH | DIRECTOR Trustee or director | 1 | $0 |
| AJ THOMAS | DIRECTOR Trustee or director | 1 | $0 |
| PAUL COWEY | DIRECTOR Trustee or director | 1 | $0 |
| LUKE MYERS | PRESIDENT Trustee or director, Officer | 2 | $0 |
| JOE PAOLO | DIRECTOR Trustee or director | 1 | $0 |
| BOB REED | DIRECTOR Trustee or director | 1 | $0 |
| CHUCK BELL | DIRECTOR Trustee or director | 1 | $0 |
| BECKY UHLLY | DIRECTOR Trustee or director | 1 | $0 |
| STEVE MAGUSCHAK | DIRECTOR Trustee or director | 1 | $0 |
| DAVID FRANJOINE | DIRECTOR Trustee or director | 1 | $0 |
| DEBBIE PUSKARICH | DIRECTOR Trustee or director | 1 | $0 |
| TERRY WEIGEL | DIRECTOR Trustee or director | 1 | $0 |
| FLORA PERRONE | DIRECTOR Trustee or director | 1 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHIRLEY KEMP | DIRECTOR Trustee or director | 1 | $0 |
| DAVID KLICK | DIRECTOR Trustee or director | 1 | $0 |
| DAVE VELEGOL | DIRECTOR Trustee or director | 1 | $0 |
| DAVID ARTIMAN | TREASURER Trustee or director, Officer | 2 | $0 |
| JOSEPH LUCKINO | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARVIN SIX | EXECUTIVE DIRECTOR Officer | 40 | $130,625 |
| WILLIAM D'ALESIO | CHAIRMAN Trustee or director, Officer | 4 | $0 |
| JOHN MANYPENNY | 1ST VICE AND TREASURER Trustee or director, Officer | 2 | $0 |
| JOHN FRANKOVITCH | SECRETARY Trustee or director | 2 | $0 |
| AJ THOMAS | DIRECTOR Trustee or director, Officer | 1 | $0 |
| PAUL COWEY | DIRECTOR Trustee or director | 1 | $0 |
| LUKE MYERS | DIRECTOR Trustee or director | 1 | $0 |
| JOE PAOLO | DIRECTOR Trustee or director | 1 | $0 |
| BOB REED | DIRECTOR Trustee or director | 1 | $0 |
| CHUCK BELL | DIRECTOR Trustee or director | 1 | $0 |
| BECKY UHLLY | DIRECTOR Trustee or director | 1 | $0 |
| STEVE MAGUSCHAK | DIRECTOR Trustee or director | 1 | $0 |
| DAVID FRANJOINE | DIRECTOR Trustee or director | 1 | $0 |
| DEBBIE PUSKARICH | DIRECTOR Trustee or director | 1 | $0 |
| TERRY WEIGEL | DIRECTOR Trustee or director | 1 | $0 |
| FLORA PERRONE | DIRECTOR Trustee or director | 1 | $0 |
| SHIRLEY KEMP | DIRECTOR Trustee or director | 1 | $0 |
| LISA QUATTROCCHI | DIRECTOR Trustee or director | 1 | $0 |
| DAVE VELEGOL | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 324A PENCO RD, WEIRTON, WV 26062-3813
- Principal officer (990 for 2024)
- LUKE MYERS, 324A PENCO ROAD, WEIRTON, WV 26062
- Signed the 990
- ANTHONY CLEMENTS, SECRETARY
- Phone
- (304) 748-5041
- Website
- WWW.BHBDC.COM
- Return prepared by
- KOZICKI HUGHES TICKERHOOF PLLC
Mission
TO PROVIDE LEADERSHIP IN ORDER TO STIMULATE INVESTMENTS AND COORDINATE PARTNERSHIPS TO FOSTER THE GROWTH OF JOBS AND ENHANCE THE QUALITY OF LIFE IN THE LOCAL TRI STATE AREA.
Program accomplishments
- TO MANAGE DEVELOPED PROPERTY IN THE NORTHERN PANHANDLE OF WEST VIRGINIA.Expenses $3,078,097 · revenue $4,226,906
- TO PROMOTE ECONOMIC DEVELOPMENT IN THE NORTHERN PANHANDLE OF WEST VIRGINIA.Expenses $336,123
- TO ASSESS AND REMEDIATE PROPERTY IN THE NORTHERN PANHANDLE OF WEST VIRGINIA.Expenses $290,310
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
- 55-0630721
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $175,157,340
- Income (IRS master file)
- $4,887,021
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,880,271 | $3,978,431 | $175,157,340 | XML |
| 990 | December 2023 | $7,173,321 | $3,217,000 | $68,622,453 | XML |
| 990 | December 2022 | $4,644,626 | $2,566,598 | $24,515,891 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990 | December 2016 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 55-0630721).
Questions about BUSINESS DEVELOPMENT CORPORATION OF THE NORTHERN PANHANDLE
- What is the EIN of BUSINESS DEVELOPMENT CORPORATION OF THE NORTHERN PANHANDLE?
- The employer identification number (EIN) of BUSINESS DEVELOPMENT CORPORATION OF THE NORTHERN PANHANDLE is 55-0630721.
- Is BUSINESS DEVELOPMENT CORPORATION OF THE NORTHERN PANHANDLE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to BUSINESS DEVELOPMENT CORPORATION OF THE NORTHERN PANHANDLE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BUSINESS DEVELOPMENT CORPORATION OF THE NORTHERN PANHANDLE 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 BUSINESS DEVELOPMENT CORPORATION OF THE NORTHERN PANHANDLE 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 BUSINESS DEVELOPMENT CORPORATION OF THE NORTHERN PANHANDLE 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 BUSINESS DEVELOPMENT CORPORATION OF THE NORTHERN PANHANDLE?
- The 990 for the year ended December 31, 2024 names LUKE MYERS.
- Who are the officers and directors of BUSINESS DEVELOPMENT CORPORATION OF THE NORTHERN PANHANDLE?
- The 990 for the year ended December 31, 2024 lists 20 people; 2 received compensation from the organization, the highest $129,842 (JACOB KEENEY, FORMER CO-EXECUTIVE DIRECTOR).
- How much revenue does BUSINESS DEVELOPMENT CORPORATION OF THE NORTHERN PANHANDLE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,880,271, expenses of $3,978,431 and total assets of $175,157,340 at year end.
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All nonprofits in WEIRTON · West Virginia · Community improvement and capacity building