GREENVILLE-REYNOLDS DEVELOPMENT CORPORATION

EIN: 251456793

GREENVILLE, PA

Total Revenue
$1,035,413
Total Expenses
$834,839
Total Assets
$9,354,018
Net Assets
$8,323,954
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
PA
Principal Officer
BRADLEY R GOSSER
Phone
7246461144
Tax Period
2023-01-01 to 2023-12-31

GREENVILLE-REYNOLDS DEVELOPMENT CORPORATION, founded in 1983, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $201K, a strong 19% operating margin.

Mission

TO PROMOTE THE SOCIAL & CIVIC WELFARE OF THE COMMUNITIES LOCATED IN THE GREENVILLE-REYNOLDS TRADING DISTRICT; TO SEEK & LOCATE BUSINESSES & INDUSTRIES OF ANY KIND WITHIN THIS DISTRICT; TO ASSIST & ENCOURAGE THE STABILIZATION, EXPANSION, AND/OR RETENTION OF EXISTING BUSINESSES & INDUSTRIES WITHIN THIS DISTRICT; TO RECEIVE, HOLD, AND EXPEND MONIES, PROPERTIES, OR SERVICES NECESSARY TO FACILITATE THE ABOVE STATED PURPOSES; TO PERFORM ALL OTHER SERVICES OR ACTIVITES FOR ANY REASON INCIDENTAL TO ANY OF THE FOREGOING PURPOSES INCLUDING THE MANAGEMENT OF THE ASSETS OF THE PRESENT GREENVILLE-REYNOLDS DEVELOPMENT CORP; TO CAUSE TO BE OPERATED & MAINTAINED, THE REYNOLDS DISPOSAL COMPANY & THE REYNOLDS WATER COMPANY IN SUITABLE CONDITION TO MEET ALL PA PUBLIC UTILITY COMMISSION, PA DEPT OF ENVIRONMENTAL PROTECTION, & FEDERAL ENVIRONMENTAL PROTECTION AGENCY REQUIREMENTS & TO SERVICE THE INDUSTRIAL & RESIDENTIAL CUSTOMERS WITHIN THEIR RESPECTIVE AREA; TO DEVELOP AND DISPOSE OF LAND.

Program Service Accomplishments

Program 1

GREENVILLE REYNOLDS DEVELOPMENT CORPORATION PROMOTES AND DEVELOPS INDUSTRIAL GROWTH FOR THE AREAS IN AND SURROUNDING THE GREENVILLE, PENNSYLVANIA COMMUNITY. ALL EXPENSES ARE INCURRED FOR THIS PURPOSE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $797,299
Investment Income $228,605
Other Revenue $9,509
TOTAL REVENUE $1,035,413

Expense Breakdown

Grants Paid $0
Salaries & Benefits $140,291
Fundraising Expenses $0
Other Expenses $694,548
TOTAL EXPENSES $834,839

Year-over-Year Comparison

2023 2022 Change
Revenue $1,035,413 $909,502 +0.1%
Expenses $834,839 $859,018 0.0%
Net Income $200,574 $50,484 +3.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
15
Volunteers
9

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$299,863
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY JONES PRESIDENT 1.00
Officer Director
$0 $0 $0
MIKE CUSICK VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
BRENT WARD SECRETARY 1.00
Officer Director
$0 $0 $0
JANET SCOTT TREASURER 1.00
Officer Director
$0 $0 $0
BEN BECK BOARD MEMBER 1.00
Director
$0 $0 $0
KEN LAPINSKI BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN MAILLIARD BOARD MEMBER 1.00
Director
$0 $0 $0
JOSE SERRANO BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS WRIGHT BOARD MEMBER 1.00
Director
$0 $0 $0
BRADLEY R GOSSER EXECUTIVE DIRECTOR/VP 20.00
Officer
$65,968 $32,007 $149,732
LISA BRICKLE ASSISTANT SECRETARY 15.00
Officer
$10,956 $10,492 $54,314
DORA RICHARDS ASSISTANT TREASURER 15.00
Officer
$22,175 $21,901 $95,817
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,035,413 $834,839 $9,354,018 $200,574
2022 $909,502 $859,018 $9,212,836 $50,484
2021 $616,833 $846,604 $9,621,654 $-229,771
2020 $545,648 $881,742 $9,822,817 $-336,094
2019 $709,882 $1,421,298 $10,137,232 $-711,416
2018 $679,309 $676,819 $9,958,127 $2,490
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