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Our City Reading Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 233080065 ✦ Reading, PA ✦ Designated as a 501(c)(3)

Overview

What is Our City Reading Inc?

Our City Reading Inc is a nonprofit organization based in Reading, Pennsylvania. With a focus on urban revitalization, they rehabilitate residential properties and sell them to moderate-income individuals and families. In 2018, they successfully sold one property. Additionally, their mission involves restoring and constructing new buildings for new industries within the city, redeveloping business districts through restoration or creation of new buildings, and managing and building apartments in the city. As of December 31, 2018, no further properties were in rehabilitation.


Official website here: www.ourcityreading.org

Is Our City Reading Inc legitimate?

Our City Reading Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Our City Reading Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.ourcityreading.org

What is the mission statement of Our City Reading Inc?

Our City Reading Inc's mission is centered around restoring and constructing new buildings, primarily for the purpose of accommodating new industries. The organization also focuses on revitalizing business districts through renovation or the creation of new structures. Additionally, Our City Reading Inc is involved in managing and building apartments within these cities. The primary goal of these activities is to contribute positively to urban development. As of 2018, the organization has sold one rehabilitated property for moderate-income individuals and families. However, as of December 31, 2018, no further properties were under rehabilitation.


Official website here: www.ourcityreading.org

Who is the CEO of Our City Reading Inc?

Jim Boscov is the Principal Officer of Our City Reading Inc.


Official website here: www.ourcityreading.org

What is the revenue of Our City Reading Inc?

Our City Reading Inc's revenue in 2022 was $1,689,681.


Official website here: www.ourcityreading.org

Who are the executives of Our City Reading Inc and what are their salaries?

Here are 14 key members and their salaries:

    James Boscov (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Ehlerman (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Connelly (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Craig Poole (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ken Christian (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Timothy J Daley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jack Gulati (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas Mcmahon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Jerome Marcus (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ken Pick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Todd Taylor (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Al Weber (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scott W Zuidema Esq (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michelle Dupell (Controller)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.ourcityreading.org

    Where can I find the form 990 for Our City Reading Inc?

    The Our City Reading Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.ourcityreading.org

    Learn more at the official website: www.ourcityreading.org

    Mission Statement of Our City Reading Inc

    Our City Reading Inc, as an organization, is dedicated to restoring residential properties and constructing new buildings for new industries within its operational sphere. The primary goal is to revitalize the business districts of the city through either the restoration of existing structures or the creation of new ones. Furthermore, Our City Reading Inc engages in managing and building apartments within the city, providing housing solutions for moderate-income individuals and families. In 2018, one property was sold by the organization, marking a step towards achieving its mission. As of December 31, 2018, no further properties were in the process of rehabilitation.

    Impact

    This information is meant to be a general summary of Our City Reading Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Our City Reading Inc's impact is evident in the revitalization and redevelopment of the city of Reading, Pennsylvania. Through their efforts to restore residences, construct new buildings for industries, and manage apartments, they are playing a crucial role in improving the community and business districts of Reading. By rehabilitating and selling residential real estate to moderate-income individuals and families, Our City Reading Inc is not only providing affordable housing opportunities but also contributing to the overall economic development of the city. Their work is helping to create a more vibrant and sustainable urban environment in Reading, making a valuable contribution to the community improvement efforts in the area.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $499,274
  • Program Service Revenue: $0
  • Gross Receipts: $2,469,244

    • Assets and Liabilities:
  • Total Assets: $67,946,619
  • Total Liabilities: $15,640,599
  • Net Assets: $52,306,020
  • Organization Details

    Founding Year

    2001

    Principal Officer

    Jim Boscov

    Main Address

    4500 PERKIOMEN AVENUE, READING, PA, 19606

    NTEE Category

    Code: S20 - Community improvement

    If you are a representative of Our City Reading Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.