Nonprofit · EIN 23-2355722
POTTSVILLE AREA DEVELOPMENT CORP
Tax-exempt · POTTSVILLE, PA 17901
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,469 | $376,678 | -$375,209 | $2,299,613 | $206,615 | $2,092,998 |
| December 31, 2023 | 990 | $236,680 | $275,458 | -$38,778 | $2,699,098 | $230,891 | $2,468,207 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $343,316
- Investment income
- -$342,147
- Net gain from sales of assets
- -$362,778
- Net income from fundraising events
- $300
- Other revenue
- $300
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $77,000
- Other salaries and wages
- $35,351
- Salaries, compensation and benefits (total)
- $122,904
- Professional fundraising fees
- $0
- Legal fees
- $3,890
- Accounting fees
- $3,000
- Program services (functional)
- $322,789
- Management and general (functional)
- $53,889
Balance sheet and other
- Total assets, start of year
- $2,699,098
- Total assets, end of year
- $2,299,613
- Total liabilities, end of year
- $206,615
- Net assets, end of year
- $2,092,998
- Net assets without donor restrictions
- $2,092,998
- Gross receipts
- $372,819
- Employees
- 6
- Year formed
- 1986
- 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 |
|---|---|---|---|
| DAVID YOUNG | President Officer | 10 | $0 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID YOUNG | President Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 500 PROGRESS AVE, POTTSVILLE, PA 17901-1741
- Signed the 990
- DAVID YOUNG, President
- Phone
- (610) 621-4235
- Return prepared by
- Jones & CoPC
Mission
BUSINESS PROMOTION AND REVITALIZATION OF DOWNTOWN POTTSVILLE, PENNSYLVANIA THROUGH LOW-INTEREST REVOLVING LOANS AND BUILDING RENOVATIONS.
Program accomplishments
- PROVIDED MANAGEMENT AND ACCOUNTING SERVICES TO THREE 501(C)3 ORGANIZATIONS AND THE POTTSVILLE PARKING AUTHORITY.Expenses $322,789
- ISSUED LOANS TO QUALIFIED BUSINESSES TOTALING $0 IN 2024 AND RECEIVED PRINCIPAL REPAYMENTS ON OUTSTANDING LOANS TOTALING $270,705 UPON WHICH INTEREST INCURRED WAS RECEIVED TOTALING $61,667 PRINCIPAL REPAYMENTS WERE USED FOR NEW LOANS.
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
- 23-2355722
- 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
- 1987
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S310)
- Assets (IRS master file)
- $2,299,613
- Income (IRS master file)
- $372,819
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,469 | $376,678 | $2,299,613 | IRS |
| 990 | December 2023 | $236,680 | $275,458 | $2,699,098 | XML |
| 990 | December 2022 | $267,355 | $255,639 | $2,893,661 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 23-2355722).
Questions about POTTSVILLE AREA DEVELOPMENT CORP
- What is the EIN of POTTSVILLE AREA DEVELOPMENT CORP?
- The employer identification number (EIN) of POTTSVILLE AREA DEVELOPMENT CORP is 23-2355722.
- Is POTTSVILLE AREA DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to POTTSVILLE AREA DEVELOPMENT CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does POTTSVILLE AREA DEVELOPMENT CORP 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 POTTSVILLE AREA DEVELOPMENT CORP 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 POTTSVILLE AREA DEVELOPMENT CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of POTTSVILLE AREA DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does POTTSVILLE AREA DEVELOPMENT CORP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,469, expenses of $376,678 and total assets of $2,299,613 at year end.
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All nonprofits in POTTSVILLE · Pennsylvania · Community improvement and capacity building