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        <TotalRevenueColumnAmt>5780</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>5780</RelatedOrExemptFuncIncomeAmt>
      </ProgramServiceRevenueGrp>
      <TotalProgramServiceRevenueAmt>129321</TotalProgramServiceRevenueAmt>
      <InvestmentIncomeGrp>
        <TotalRevenueColumnAmt>166444</TotalRevenueColumnAmt>
        <ExclusionAmt>166444</ExclusionAmt>
      </InvestmentIncomeGrp>
      <OtherRevenueMiscGrp>
        <Desc>MISCELLANEOUS INCOME</Desc>
        <BusinessCd>900099</BusinessCd>
        <TotalRevenueColumnAmt>814</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>814</RelatedOrExemptFuncIncomeAmt>
      </OtherRevenueMiscGrp>
      <OtherRevenueMiscGrp>
        <Desc>TERMINATION FEES</Desc>
        <BusinessCd>900099</BusinessCd>
        <TotalRevenueColumnAmt>500</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>500</RelatedOrExemptFuncIncomeAmt>
      </OtherRevenueMiscGrp>
      <OtherRevenueMiscGrp>
        <Desc>LATE FEES</Desc>
        <BusinessCd>900099</BusinessCd>
        <TotalRevenueColumnAmt>120</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>120</RelatedOrExemptFuncIncomeAmt>
      </OtherRevenueMiscGrp>
      <OtherRevenueTotalAmt>1434</OtherRevenueTotalAmt>
      <TotalRevenueGrp>
        <TotalRevenueColumnAmt>297199</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>130755</RelatedOrExemptFuncIncomeAmt>
        <ExclusionAmt>166444</ExclusionAmt>
      </TotalRevenueGrp>
      <CompCurrentOfcrDirectorsGrp>
        <TotalAmt>290996</TotalAmt>
        <ProgramServicesAmt>203697</ProgramServicesAmt>
        <ManagementAndGeneralAmt>87299</ManagementAndGeneralAmt>
      </CompCurrentOfcrDirectorsGrp>
      <OtherSalariesAndWagesGrp>
        <TotalAmt>392139</TotalAmt>
        <ProgramServicesAmt>274497</ProgramServicesAmt>
        <ManagementAndGeneralAmt>117642</ManagementAndGeneralAmt>
      </OtherSalariesAndWagesGrp>
      <PensionPlanContributionsGrp>
        <TotalAmt>46086</TotalAmt>
        <ProgramServicesAmt>32261</ProgramServicesAmt>
        <ManagementAndGeneralAmt>13825</ManagementAndGeneralAmt>
      </PensionPlanContributionsGrp>
      <OtherEmployeeBenefitsGrp>
        <TotalAmt>27470</TotalAmt>
        <ProgramServicesAmt>19229</ProgramServicesAmt>
        <ManagementAndGeneralAmt>8241</ManagementAndGeneralAmt>
      </OtherEmployeeBenefitsGrp>
      <PayrollTaxesGrp>
        <TotalAmt>39028</TotalAmt>
        <ProgramServicesAmt>27319</ProgramServicesAmt>
        <ManagementAndGeneralAmt>11709</ManagementAndGeneralAmt>
      </PayrollTaxesGrp>
      <FeesForServicesLegalGrp>
        <TotalAmt>175242</TotalAmt>
        <ProgramServicesAmt>122669</ProgramServicesAmt>
        <ManagementAndGeneralAmt>52573</ManagementAndGeneralAmt>
      </FeesForServicesLegalGrp>
      <FeesForServicesAccountingGrp>
        <TotalAmt>9510</TotalAmt>
        <ProgramServicesAmt>6657</ProgramServicesAmt>
        <ManagementAndGeneralAmt>2853</ManagementAndGeneralAmt>
      </FeesForServicesAccountingGrp>
      <FeesForServicesOtherGrp>
        <TotalAmt>1806</TotalAmt>
        <ManagementAndGeneralAmt>1806</ManagementAndGeneralAmt>
      </FeesForServicesOtherGrp>
      <AdvertisingGrp>
        <TotalAmt>192</TotalAmt>
        <ManagementAndGeneralAmt>192</ManagementAndGeneralAmt>
      </AdvertisingGrp>
      <OfficeExpensesGrp>
        <TotalAmt>12233</TotalAmt>
        <ProgramServicesAmt>7952</ProgramServicesAmt>
        <ManagementAndGeneralAmt>4281</ManagementAndGeneralAmt>
      </OfficeExpensesGrp>
      <InformationTechnologyGrp>
        <TotalAmt>4416</TotalAmt>
        <ProgramServicesAmt>1990</ProgramServicesAmt>
        <ManagementAndGeneralAmt>2426</ManagementAndGeneralAmt>
      </InformationTechnologyGrp>
      <OccupancyGrp>
        <TotalAmt>69908</TotalAmt>
        <ProgramServicesAmt>45359</ProgramServicesAmt>
        <ManagementAndGeneralAmt>24549</ManagementAndGeneralAmt>
      </OccupancyGrp>
      <TravelGrp>
        <TotalAmt>2364</TotalAmt>
        <ProgramServicesAmt>1852</ProgramServicesAmt>
        <ManagementAndGeneralAmt>512</ManagementAndGeneralAmt>
      </TravelGrp>
      <ConferencesMeetingsGrp>
        <TotalAmt>1172</TotalAmt>
        <ProgramServicesAmt>685</ProgramServicesAmt>
        <ManagementAndGeneralAmt>487</ManagementAndGeneralAmt>
      </ConferencesMeetingsGrp>
      <DepreciationDepletionGrp>
        <TotalAmt>178</TotalAmt>
        <ManagementAndGeneralAmt>178</ManagementAndGeneralAmt>
      </DepreciationDepletionGrp>
      <InsuranceGrp>
        <TotalAmt>19843</TotalAmt>
        <ProgramServicesAmt>13890</ProgramServicesAmt>
        <ManagementAndGeneralAmt>5953</ManagementAndGeneralAmt>
      </InsuranceGrp>
      <OtherExpensesGrp>
        <Desc>DUES AND SUBSCRIPTIONS</Desc>
        <TotalAmt>1525</TotalAmt>
        <ProgramServicesAmt>458</ProgramServicesAmt>
        <ManagementAndGeneralAmt>1067</ManagementAndGeneralAmt>
      </OtherExpensesGrp>
      <TotalFunctionalExpensesGrp>
        <TotalAmt>1094108</TotalAmt>
        <ProgramServicesAmt>758515</ProgramServicesAmt>
        <ManagementAndGeneralAmt>335593</ManagementAndGeneralAmt>
        <FundraisingAmt>0</FundraisingAmt>
      </TotalFunctionalExpensesGrp>
      <SavingsAndTempCashInvstGrp>
        <BOYAmt>4388325</BOYAmt>
        <EOYAmt>4081669</EOYAmt>
      </SavingsAndTempCashInvstGrp>
      <AccountsReceivableGrp>
        <EOYAmt>62496</EOYAmt>
      </AccountsReceivableGrp>
      <OthNotesLoansReceivableNetGrp>
        <BOYAmt>1249476</BOYAmt>
      </OthNotesLoansReceivableNetGrp>
      <PrepaidExpensesDefrdChargesGrp>
        <BOYAmt>20412</BOYAmt>
        <EOYAmt>31379</EOYAmt>
      </PrepaidExpensesDefrdChargesGrp>
      <LandBldgEquipCostOrOtherBssAmt>12497</LandBldgEquipCostOrOtherBssAmt>
      <LandBldgEquipAccumDeprecAmt>12438</LandBldgEquipAccumDeprecAmt>
      <LandBldgEquipBasisNetGrp>
        <BOYAmt>237</BOYAmt>
        <EOYAmt>59</EOYAmt>
      </LandBldgEquipBasisNetGrp>
      <OtherAssetsTotalGrp>
        <BOYAmt>2918746</BOYAmt>
        <EOYAmt>2152044</EOYAmt>
      </OtherAssetsTotalGrp>
      <TotalAssetsGrp>
        <BOYAmt>8577196</BOYAmt>
        <EOYAmt>6327647</EOYAmt>
      </TotalAssetsGrp>
      <AccountsPayableAccrExpnssGrp>
        <BOYAmt>23163</BOYAmt>
        <EOYAmt>56953</EOYAmt>
      </AccountsPayableAccrExpnssGrp>
      <DeferredRevenueGrp>
        <BOYAmt>2541</BOYAmt>
      </DeferredRevenueGrp>
      <MortgNotesPyblScrdInvstPropGrp>
        <BOYAmt>2866614</BOYAmt>
        <EOYAmt>2152044</EOYAmt>
      </MortgNotesPyblScrdInvstPropGrp>
      <UnsecuredNotesLoansPayableGrp>
        <BOYAmt>284516</BOYAmt>
      </UnsecuredNotesLoansPayableGrp>
      <OtherLiabilitiesGrp>
        <BOYAmt>53728</BOYAmt>
      </OtherLiabilitiesGrp>
      <TotalLiabilitiesGrp>
        <BOYAmt>3230562</BOYAmt>
        <EOYAmt>2208997</EOYAmt>
      </TotalLiabilitiesGrp>
      <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
      <NoDonorRestrictionNetAssetsGrp>
        <BOYAmt>5346634</BOYAmt>
        <EOYAmt>4118650</EOYAmt>
      </NoDonorRestrictionNetAssetsGrp>
      <TotalNetAssetsFundBalanceGrp>
        <BOYAmt>5346634</BOYAmt>
        <EOYAmt>4118650</EOYAmt>
      </TotalNetAssetsFundBalanceGrp>
      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>8577196</BOYAmt>
        <EOYAmt>6327647</EOYAmt>
      </TotLiabNetAssetsFundBalanceGrp>
      <InfoInScheduleOPartXIInd>X</InfoInScheduleOPartXIInd>
      <ReconcilationRevenueExpnssAmt>-796909</ReconcilationRevenueExpnssAmt>
      <OtherChangesInNetAssetsAmt>-431075</OtherChangesInNetAssetsAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
      <FSAuditedInd>true</FSAuditedInd>
      <FSAuditedBasisGrp>
        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
      </FSAuditedBasisGrp>
      <AuditCommitteeInd>true</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>false</FederalGrantAuditRequiredInd>
    </IRS990>
    <IRS990ScheduleD documentId="RetDoc2">
      <EquipmentGrp>
        <OtherCostOrOtherBasisAmt>11497</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>11438</DepreciationAmt>
        <BookValueAmt>59</BookValueAmt>
      </EquipmentGrp>
      <OtherLandBuildingsGrp>
        <OtherCostOrOtherBasisAmt>1000</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>1000</DepreciationAmt>
      </OtherLandBuildingsGrp>
      <TotalBookValueLandBuildingsAmt>59</TotalBookValueLandBuildingsAmt>
      <OtherAssetsOrgGrp>
        <Desc>INVESTMENT IN LEASE AGREEMENTS</Desc>
        <BookValueAmt>2152044</BookValueAmt>
      </OtherAssetsOrgGrp>
      <TotalBookValueOtherAssetsAmt>2152044</TotalBookValueOtherAssetsAmt>
      <TotalRevEtcAuditedFinclStmtAmt>297199</TotalRevEtcAuditedFinclStmtAmt>
      <RevenueSubtotalAmt>297199</RevenueSubtotalAmt>
      <TotalRevenuePerForm990Amt>297199</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>1525183</TotExpnsEtcAuditedFinclStmtAmt>
      <OtherExpensesIncludedAmt>431075</OtherExpensesIncludedAmt>
      <ExpensesNotReportedAmt>431075</ExpensesNotReportedAmt>
      <ExpensesSubtotalAmt>1094108</ExpensesSubtotalAmt>
      <TotalExpensesPerForm990Amt>1094108</TotalExpensesPerForm990Amt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE D, PAGE 4, PART XII, LINE 2D</FormAndLineReferenceDesc>
        <ExplanationTxt>LOAN DISCOUNT LOSS 431,075</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleD>
    <IRS990ScheduleJ documentId="RetDoc3">
      <BoardOrCommitteeApprovalInd>X</BoardOrCommitteeApprovalInd>
      <SeverancePaymentInd>false</SeverancePaymentInd>
      <SupplementalNonqualRtrPlanInd>false</SupplementalNonqualRtrPlanInd>
      <EquityBasedCompArrngmInd>false</EquityBasedCompArrngmInd>
      <CompBasedOnRevenueOfFlngOrgInd>false</CompBasedOnRevenueOfFlngOrgInd>
      <CompBsdOnRevRelatedOrgsInd>false</CompBsdOnRevRelatedOrgsInd>
      <CompBsdNetEarnsFlngOrgInd>false</CompBsdNetEarnsFlngOrgInd>
      <CompBsdNetEarnsRltdOrgsInd>false</CompBsdNetEarnsRltdOrgsInd>
      <AnyNonFixedPaymentsInd>false</AnyNonFixedPaymentsInd>
      <InitialContractExceptionInd>false</InitialContractExceptionInd>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>ROBERT F CORMACK</PersonNm>
        <TitleTxt>EXECUTIVE DIREC</TitleTxt>
        <BaseCompensationFilingOrgAmt>214902</BaseCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>53325</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>22769</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>290996</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>JIM PAWLIKOWSKI</PersonNm>
        <TitleTxt>LOAN MANAGER</TitleTxt>
        <BaseCompensationFilingOrgAmt>265845</BaseCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>15091</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>7723</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>288659</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="RetDoc4">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990 - ORGANIZATION'S MISSION</FormAndLineReferenceDesc>
        <ExplanationTxt>THE MISSION OF THE BUCKS COUNTY ECONOMIC DEVELOPMENT CORPORATION (BCEDC) IS TO CREATE A STRONG AND VITAL ECONOMIC BASE THROUGH THE PRESERVATION AND CREATION OF JOB OPPORTUNITIES FOR BUCKS COUNTY RESIDENTS. THE BCEDC ASSISTS COMPANIES WITH START UP, EXPANSION AND/OR RELOCATION PLANNING BY PROVIDING LONG-TERM, LOW INTEREST LOANS FOR LAND, BUILDINGS, MACHINERY AND EQUIPMENT. VARIOUS PROGRAMS ARE COMBINED TO CREATE INNOVATIVE FINANCING ALTERNATIVES AT LOWER THAN CONVENTIONAL RATES. INCENTIVES TO EXPAND IN BUCKS COUNTY INCLUDE LOW INTEREST LOAN THROUGH THE COUNTY, THE COMMONWEALTH OF PENNSYLVANIA AND US SMALL BUSINESS ADMINISTRATION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>THERE IS ONE CLASS OF MEMBERS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>MEMBERS ELECT THE BOARD ANNUALLY.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE 990 IS PROVIDED FIRST TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL. THE AUDIT COMMITTEE THEN RECOMMENDS APPROVAL TO THE FULL BOARD.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>REVIEWED AT ANNUAL MEETING.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15A</FormAndLineReferenceDesc>
        <ExplanationTxt>COMPENSATION IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE WITH PROPOSALS TO THE BOARD REGARDING COMPENSATION FOR THE EXECUTIVE DIRECTOR.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>NO DOCUMENTS AVAILABLE TO THE PUBLIC.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XI, LINE 9</FormAndLineReferenceDesc>
        <ExplanationTxt>LOAN DISCOUNT LOSS -431,075</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>