Nonprofit · EIN 23-3080065
OUR CITY READING INC
Tax-exempt · READING, PA 19606
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $7,346,995 | $613,289 | $6,733,706 | $74,174,003 | $13,873,323 | $60,300,680 |
| December 31, 2023 | 990 | $2,013,447 | $587,562 | $1,425,885 | $68,584,660 | $14,934,628 | $53,650,032 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,871,900
- Program service revenue
- $2,811,530
- Investment income
- $560,910
- Net rental income
- $1,057,389
- Other revenue
- $1,102,655
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $7,000
- Travel
- $5,363
- Depreciation
- $8,644
- Program services (functional)
- $534,271
- Management and general (functional)
- $79,018
Balance sheet and other
- Total assets, start of year
- $68,584,660
- Total assets, end of year
- $74,174,003
- Total liabilities, end of year
- $13,873,323
- Net assets, end of year
- $60,300,680
- Land, buildings and equipment
- $6,215,497
- Net assets without donor restrictions
- $60,300,680
- Gross unrelated business income
- $333,522
- Gross receipts
- $8,021,254
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2001
- 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 |
|---|---|---|---|
| JAMES BOSCOV | CHAIRMAN Trustee or director, Officer | 3 | $0 |
| MICHAEL EHLERMAN | PRESIDENT Trustee or director, Officer | 5 | $0 |
| JOHN CONNELLY | VICE PRESIDENT Trustee or director, Officer | 5 | $0 |
| CRAIG POOLE | DIRECTOR Trustee or director | 3 | $0 |
| KEN CHRISTIAN | DIRECTOR Trustee or director | 3 | $0 |
| TIMOTHY J DALEY | DIRECTOR Trustee or director | 3 | $0 |
| JACK GULATI | DIRECTOR Trustee or director | 3 | $0 |
| THOMAS MCMAHON | DIRECTOR Trustee or director | 3 | $0 |
| DR JEROME MARCUS | DIRECTOR Trustee or director | 3 | $0 |
| KEN PICK | DIRECTOR Trustee or director | 3 | $0 |
| TODD TAYLOR | DIRECTOR Trustee or director | 3 | $0 |
| AL WEBER | DIRECTOR Trustee or director | 3 | $0 |
| SCOTT W ZUIDEMA ESQ | DIRECTOR Trustee or director | 3 | $0 |
| MICHELLE DUPELL | CONTROLLER Officer | 10 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES BOSCOV | CHAIRMAN Trustee or director, Officer | 3 | $0 |
| MICHAEL EHLERMAN | PRESIDENT Trustee or director, Officer | 5 | $0 |
| JOHN CONNELLY | VICE PRESIDENT Trustee or director, Officer | 5 | $0 |
| CRAIG POOLE | DIRECTOR Trustee or director | 3 | $0 |
| KEN CHRISTIAN | DIRECTOR Trustee or director | 3 | $0 |
| TIMOTHY J DALEY | DIRECTOR Trustee or director | 3 | $0 |
| JACK GULATI | DIRECTOR Trustee or director | 3 | $0 |
| THOMAS MCMAHON | DIRECTOR Trustee or director | 3 | $0 |
| DR JEROME MARCUS | DIRECTOR Trustee or director | 3 | $0 |
| KEN PICK | DIRECTOR Trustee or director | 3 | $0 |
| TODD TAYLOR | DIRECTOR Trustee or director | 3 | $0 |
| AL WEBER | DIRECTOR Trustee or director | 3 | $0 |
| SCOTT W ZUIDEMA ESQ | DIRECTOR Trustee or director | 3 | $0 |
| MICHELLE DUPELL | CONTROLLER Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 4500 PERKIOMEN AVE, READING, PA 19606-3202
- In care of
- % ALBERT R BOSCOV
- Principal officer (990 for 2024)
- JIM BOSCOV, 4500 PERKIOMEN AVENUE, READING, PA 19606
- Signed the 990
- MICHELLE DUPELL, CONTROLLER
- Phone
- (610) 370-3726
- Website
- WWW.OURCITYREADING.ORG
- Return prepared by
- RKL LLP
Mission
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.
Program accomplishments
- REHABILITIATION OF BUSINESS DISTRICT OF CITY OF READING, PA.Expenses $534,271 · revenue $2,852,819
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
- 23-3080065
- 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
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $74,174,003
- Income (IRS master file)
- $8,021,254
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $7,346,995 | $613,289 | $74,174,003 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $2,013,447 | $587,562 | $68,584,660 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $1,689,681 | $457,021 | $67,946,619 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 23-3080065).
Questions about OUR CITY READING INC
- What is the EIN of OUR CITY READING INC?
- The employer identification number (EIN) of OUR CITY READING INC is 23-3080065.
- Is OUR CITY READING INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to OUR CITY READING INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OUR CITY READING INC 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 OUR CITY READING INC 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 OUR CITY READING INC 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 OUR CITY READING INC?
- The 990 for the year ended December 31, 2024 names JIM BOSCOV.
- Who are the officers and directors of OUR CITY READING INC?
- The 990 for the year ended December 31, 2024 lists 14 people; 0 received compensation from the organization.
- How much revenue does OUR CITY READING INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $7,346,995, expenses of $613,289 and total assets of $74,174,003 at year end.
Other nonprofits in READING
- BERKS COMMUNITY ACTION PROGRAM INC EIN 23-1704527 · last filed 990 for 2024
- GREATER READING CHAMBER AND ECONOMIC DEVELOPMENT CORPORATION EIN 81-4279395 · last filed 990 for 2025
- LAW FOUNDATION OF BERKS COUNTY EIN 23-2770367 · last filed 990 for 2024
- PENNSYLVANIA COMMUNITY DEVELOPMENT AND FINANCE CORPORATION EIN 25-1637778 · last filed 990 for 2025
- EARTHRISE ENTERPRISES INC EIN 23-2719558 · last filed 990 for 2024
- ANTIETAM VALLEY COMMUNITY PARTNERSHIP EIN 45-3396416 · last filed 990-N for 2024
- INTERNATIONAL ASSOCIATION OF LIONS CLUBS EIN 47-2313189 · last filed 990-N for 2025
- BERKS COUNTY ESTATE PLANNING COUNCIL EIN 83-1043106 · last filed 990-EZ for 2025
All nonprofits in READING · Pennsylvania · Community improvement and capacity building