BERWYN DEVELOPMENT CORPORATION

EIN: 363301829 501(c)(3) Community Improvement

BERWYN, IL

Total Revenue
$1,740,453
Total Expenses
$1,908,049
Total Assets
$2,929,632
Net Assets
$1,647,926
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
IL
Principal Officer
DAVID HULSEBERG
Phone
7087888100
Tax Period
2024-01-01 to 2024-12-31

BERWYN DEVELOPMENT CORPORATION, founded in 1988, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

THE BERWYN DEVELOPMENT CORPORATION IS COMMITTED TO THOSE ACTIVITIES THAT SUPPORT AND CONTRIBUTE TO THE ECONOMIC GROWTH AND VITALITY OF THE BERWYN COMMUNITY

Program Service Accomplishments

Program 1
Expenses: $1,225,243

THE BERWYN DEVELOPMENT CORPORATION IS COMMITTED TO THOSE ACTIVITIES THAT SUPPORT AND CONTRIBUTE TO THE ECONOMIC GROWTH AND VITALITY OF THE BERWYN COMMUNITY

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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 (2024)

Revenue Breakdown

Contributions & Grants $608,497
Program Service Revenue $1,381,672
Investment Income $89,646
Other Revenue $-339,362
TOTAL REVENUE $1,740,453

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,128,679
Fundraising Expenses $0
Program Expenses $1,225,243
Other Expenses $779,370
TOTAL EXPENSES $1,908,049

Year-over-Year Comparison

2024 2023 Change
Revenue $1,740,453 $1,988,768 -0.1%
Expenses $1,908,049 $2,014,503 -0.1%
Net Income $-167,596 $-25,735 +5.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
17
Volunteers
150

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
8
$199,595
Total Directors
14
$199,595
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID HULSEBERG Executive Dir. 40.00
Officer Director
$199,595 $0 $199,595
JAMIE REVELL President 0.00
Officer Director
$0 $0 $0
DIANE SALEMI PAST PRESIDENT 0.00
Officer Director
$0 $0 $0
RICHARD MONDRAGON Vice President 0.00
Officer Director
$0 $0 $0
JUAN AGUSTIN FLEITAS Treasurer 0.00
Officer Director
$0 $0 $0
ANTHONY BELCASTER Secretary 0.00
Officer Director
$0 $0 $0
ALMA AVILES Director 0.00
Director
$0 $0 $0
MARIO MANFREDINI Director 0.00
Director
$0 $0 $0
WILLIAM NOORLAG Director 0.00
Director
$0 $0 $0
PAUL MACCHIONE Director 0.00
Director
$0 $0 $0
PIERRE MONICE Director 0.00
Director
$0 $0 $0
SAL PLASCENCIA Director 0.00
Director
$0 $0 $0
EDDIE WILKOWSKI Director 0.00
Director
$0 $0 $0
JAZMIN SANDOVAL Director 0.00
Director
$0 $0 $0
FABIOLA AVITIA Vice President 0.00
Officer
$0 $0 $0
GIA MARIE BENLINE Director 0.00
Officer
$0 $0 $0
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 $1,740,453 $1,908,049 $2,929,632 $-167,596
2023 $1,988,768 $2,014,503 $2,880,863 $-25,735
2022 $1,786,497 $1,506,035 $3,585,733 $280,462
2021 $1,483,159 $1,333,413 $3,523,418 $149,746
2020 $1,458,809 $1,193,702 $3,592,312 $265,107
2019 $1,194,198 $1,434,839 $2,619,567 $-240,641
2018 $1,379,585 $1,245,264 $3,255,461 $134,321
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