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TO RESTORE RESIDENCES AND TO CONSTRUCT NEW BUILDINGS FOR NEW INDUSTRIES WITHIN THE CITY OF READING. TO REDEVELOP THE BUSINESS DISTRICTS OF THE CITY OF READING THROUGH RESTORATION OR CREATION OF NEW BUILDINGS. TO MANAGE AND BUILD APARTMENTS IN THE CITY OF READING.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$7.3M
Program Spending
87%
of total expenses go to program services
Total Contributions
$2.9M
Total Expenses
▼$613.3K
Total Assets
$74.2M
Total Liabilities
▼$13.9M
Net Assets
$60.3M
Officer Compensation
→N/A
Other Salaries
N/A
Investment Income
$560.9K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$190K
Awards Found
1
| Awarding Agency | Description | Amount | Fiscal Year | Period | Link |
|---|---|---|---|---|---|
| Department of Housing and Urban Development | EDI SPECIAL PROJECTS | $190K | FY2010 | Mar 2010 – — | Open → |
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
9
Clean Audits
9
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2024 | Clean | Unmodified (Clean) | $3.1M | Yes | 2025-08-20 |
| 2023 | Clean | Unmodified (Clean) | $3.5M | Yes | 2024-08-12 |
| 2022 | Clean | Unmodified (Clean) | $4M | Yes | 2023-05-21 |
| 2021 | Clean | Unmodified (Clean) | $4.5M | Yes | 2022-05-17 |
| 2020 | Clean | Unmodified (Clean) | $4.4M | Yes | 2021-09-21 |
| 2019 | Clean | Unmodified (Clean) | $4.6M | Yes | 2020-07-14 |
| 2018 | Clean | Unmodified (Clean) | $5.1M | Yes | 2019-09-15 |
| 2017 | Clean | Unmodified (Clean) | $5.6M | Yes | 2018-08-07 |
| 2016 | Clean | Unmodified (Clean) | $6.5M | Yes | 2017-08-22 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.5M
Financial Report
Unmodified (Clean)
Federal Expenditure
$4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$4.5M
Financial Report
Unmodified (Clean)
Federal Expenditure
$4.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$4.6M
Financial Report
Unmodified (Clean)
Federal Expenditure
$5.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$5.6M
Financial Report
Unmodified (Clean)
Federal Expenditure
$6.5M
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $7.3M | $2.9M | $613.3K | $74.2M | $60.3M |
| 2023IRS e-File | $2M | $421.9K | $587.6K | $68.6M | $53.7M |
| 2022 | $1.7M | $209.3K | $457K | $67.9M | $52.3M |
| 2021 | $2M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| James Boscov | Chairman | 3 | $0 | $0 | $0 | $0 |
| Michael Ehlerman | President | 5 | $0 | $0 | $0 | $0 |
| John Connelly | Vice President | 5 | $0 | $0 | $0 | $0 |
| Michelle Dupell | Controller | 10 | $0 | $0 | $0 | $0 |
James Boscov
Chairman
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Michael Ehlerman
President
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
John Connelly
Vice President
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Michelle Dupell
Controller
$0
Hrs/Wk
10
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Al Weber | Director | 3 | $0 | $0 | $0 | $0 |
| Craig Poole | Director | 3 | $0 | $0 | $0 | $0 |
| Dr Jerome Marcus | Director | 3 | $0 | $0 | $0 | $0 |
| Jack Gulati | Director | 3 | $0 | $0 | $0 | $0 |
| Ken Christian | Director | 3 | $0 | $0 | $0 | $0 |
| Ken Pick | Director | 3 |
Al Weber
Director
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Craig Poole
Director
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Dr Jerome Marcus
Director
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
| $741.9K |
| $406K |
| $67.7M |
| $51.4M |
| 2020 | $4.9M | $3.5M | $529.4K | $66.5M | $50.1M |
| 2019 | $1.6M | $319.5K | $514.5K | $63.5M | $45.5M |
| 2018 | $2.5M | $1.2M | $1.3M | $63.6M | $44.5M |
| 2017 | $7.9M | $1.3M | $6.4M | $63.9M | $43.3M |
| 2016 | $2.5M | $1.4M | $1.3M | $63.2M | $41.7M |
| 2015 | $13.9M | $12.9M | $652.3K | $67M | $40.8M |
| 2014 | $16M | $14.7M | $2.4M | $59.8M | $27.9M |
| 2013 | $3.8M | $3.2M | $2.2M | $43.1M | $8.9M |
| 2012 | $12M | $10.8M | $3.6M | $27.5M | $8.5M |
| 2011 | $2.6M | $1.9M | $1.7M | $23.8M | $93.8K |
| 2021 | 990 | Data |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| $0 |
| $0 |
| $0 |
| $0 |
| Scott W Zuidema Esq | Director | 3 | $0 | $0 | $0 | $0 |
| Thomas Mcmahon | Director | 3 | $0 | $0 | $0 | $0 |
| Timothy J Daley | Director | 3 | $0 | $0 | $0 | $0 |
| Todd Taylor | Director | 3 | $0 | $0 | $0 | $0 |
Jack Gulati
Director
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Ken Christian
Director
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Ken Pick
Director
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Scott W Zuidema Esq
Director
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Thomas Mcmahon
Director
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Timothy J Daley
Director
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Todd Taylor
Director
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0