OUR CITY READING INC: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- OUR CITY READING INC (EIN 23-3080065)
- Tax period
- 2014-01-01 to 2014-12-31
- Filed
- 2015-11-13
- IRS object ID
- 201503179349307810
- Schema version
- 2014v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-11-13T15:13:08-06:00 | ReturnTs |
| Tax Period End | 2014-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 232108173 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | REINSEL KUNTZ LESHER LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1330 BROADCASTING ROAD PO BOX 7008 | AddressLine1Txt |
| City | WYOMISSING | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 196106008 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 233080065 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | OUR CITY READING INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | OURC | BusinessNameControlTxt |
| Phone | 6103703762 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4500 PERKIOMEN AVENUE | AddressLine1Txt |
| City | READING | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19606 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DIETER CZERNY | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 6103703762 | PhoneNum |
| Signature | 2015-11-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ALAN B CARMAN | PreparerPersonNm |
| PTIN | P01266253 | PTIN |
| Phone | 6103761595 | PhoneNum |
| Preparation | 2015-11-10 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ALBERT BOSCOV | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4500 PERKIOMEN AVENUE | AddressLine1Txt |
| City | READING | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19606 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $17,339,971 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.OURCITYREADING.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2001 | FormationYr |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Activity Or Mission | THE ORGANIZATION OPERATES A PROGRAM TO REHABILITATE AND THEN SELL RESIDENTIAL REAL ESTATE IN THE CITY OF READING, PENNSYLVANIA FOR MODERATE INCOME INDIVIDUALS AND FAMILIES. THE ORGANIZATION ALSO WORKS TO DEVELOP INDUSTRIAL SITES AND PARKS, CLEAN THE BROWNFIELD AREAS, AND TO REDEVELOP THE BUSINESS DISTRICT OF THE CITY OF READING, PENNSYLVANIA. | ActivityOrMissionDesc |
| Voting Members Governing Body | 20 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 19 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $323,455 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $290,209 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $3,175,447 | PYContributionsGrantsAmt |
| CY Contributions Grants | $14,727,480 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $470,899 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $415,000 | CYProgramServiceRevenueAmt |
| PY Investment Income | $446 | PYInvestmentIncomeAmt |
| CY Investment Income | $475,615 | CYInvestmentIncomeAmt |
| PY Other Revenue | $170,678 | PYOtherRevenueAmt |
| CY Other Revenue | $341,322 | CYOtherRevenueAmt |
| PY Total Revenue | $3,817,470 | PYTotalRevenueAmt |
| CY Total Revenue | $15,959,417 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $2,750 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $288,932 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $234,295 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,921,556 | PYOtherExpensesAmt |
| CY Other Expenses | $2,116,564 | CYOtherExpensesAmt |
| PY Total Expenses | $2,210,488 | PYTotalExpensesAmt |
| CY Total Expenses | $2,353,609 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,606,982 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $13,605,808 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $43,091,610 | TotalAssetsBOYAmt |
| Total Assets EOY | $59,826,880 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $34,226,754 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $31,971,033 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $8,864,856 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $27,855,847 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE ORGANIZATION OPERATES A PROGRAM TO REHABILITATE AND THEN SELL RESIDENTIAL REAL ESTATE IN THE CITY OF READING, PENNSYLVANIA FOR MODERATE INCOME INDIVIDUALS AND FAMILIES. THE ORGANIZATION ALSO WORKS TO DEVELOP INDUSTRIAL SITES AND PARKS, CLEAN THE BROWNFIELD AREAS, AND TO REDEVELOP THE BUSINESS DISTRICT OF THE CITY OF READING, PENNSYLVANIA. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $2,300,019 | ExpenseAmt |
| Grant | $2,750 | GrantAmt |
| Revenue | $440,446 | RevenueAmt |
| Desc | OUR CITY OF READING, INC - THE ORGANIZATION OPERATES A PROGRAM TO REHABILITATE AND THEN SELL RESIDENTIAL REAL ESTATE IN THE CITY OF READING, PENNSYLVANIA, FOR MODERATE-INCOME INDIVIDUALS AND FAMILIES. THROUGH THE END OF 2014, 25 RESIDENTIAL PROPERTIES WERE SOLD, AND 32 RESIDENTIAL PROPERTIES WERE UNDER REHABILITATION. | Desc |
| Total Program Service Expenses | $2,300,019 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (1) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 20 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 19 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CORPORATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6103703762 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4500 PERKIOMEN AVENUE | AddressLine1Txt |
| City | READING | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19606 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| ALBERT R BOSCOV | ||||||
| CHAIRMAN | 20.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| MICHAEL EHLERMAN | ||||||
| PRESIDENT | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JOHN CONNELLY | ||||||
| VICE PRESIDENT | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| WALT WOOLWINE | ||||||
| SECRETARY | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| DIETER CZERNY | ||||||
| TREASURER | 10.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JAMES BOSCOV | ||||||
| VICE CHAIRMAN | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| REVEREND STEVEN BELINSKI | ||||||
| DIRECTOR | 3.00 | Yes (X) | $0 | $0 | $0 | |
| KEN CHRISTAN | ||||||
| DIRECTOR | 3.00 | Yes (X) | $0 | $0 | $0 | |
| IRV COHEN | ||||||
| DIRECTOR | 3.00 | Yes (X) | $0 | $0 | $0 | |
| MODESTO FIUME | ||||||
| DIRECTOR | 3.00 | Yes (X) | $0 | $0 | $0 | |
| MICHAEL FROMM | ||||||
| DIRECTOR | 3.00 | Yes (X) | $0 | $0 | $0 | |
| JACK GULATI | ||||||
| DIRECTOR | 3.00 | Yes (X) | $0 | $0 | $0 | |
| NORMAN HEILENMAN | ||||||
| DIRECTOR | 3.00 | Yes (X) | $0 | $0 | $0 | |
| DAN LUCKEY | ||||||
| DIRECTOR | 3.00 | Yes (X) | $0 | $0 | $0 | |
| DR JEROME MARCUS | ||||||
| DIRECTOR | 3.00 | Yes (X) | $0 | $0 | $0 | |
| THOMAS MCMAHON | ||||||
| DIRECTOR | 3.00 | Yes (X) | $0 | $0 | $0 | |
| MARLIN MILLER | ||||||
| DIRECTOR | 3.00 | Yes (X) | $0 | $0 | $0 | |
| KEN PICK | ||||||
| DIRECTOR | 3.00 | Yes (X) | $0 | $0 | $0 | |
| STEVEN SCHUMACHER | ||||||
| DIRECTOR | 3.00 | Yes (X) | $0 | $0 | $0 | |
| M HERBERT WACHS | ||||||
| DIRECTOR | 3.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 7 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| WOHLSEN CONSTRUCTION COMPANY | |||||
| PO BOX 4612 | LANCASTER | PA | 17604 | CONSTRUCTION CONTRACTOR | $17,021,155 |
| FOWLER EQUIPMENT COMPANY INC | |||||
| 506 MORGANTOWN RD | READING | PA | 19611 | CONSTRUCTION CONTRACTOR | $324,265 |
| RD JONES & ASSOCIATES | |||||
| 729 E PRATT STREET SUITE 210 | BALTIMORE | MD | 21202 | INTERIOR DESIGN SERVICES | $196,090 |
| OLSEN DESIGN GROUP ARCHITECTS | |||||
| 2345 BERNVILLE ROAD | READING | PA | 19605 | ARCHITECTS | $152,109 |
| VALLEY FORGE HOTEL MANAGEMENT CO LLC | |||||
| 120 S WARNER RD | KING OF PRUSSIA | PA | 19406 | HOTEL MANAGEMENT | $142,443 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $12,832,717 | GovernmentGrantsAmt |
| All Other Contributions | $1,894,763 | AllOtherContributionsAmt |
| Total Contributions | $14,727,480 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | REHABILITATION AND RESALE OF RESI | Desc |
| Business | 531390 | BusinessCd |
| Total Revenue Column | $415,000 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $415,000 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $415,000 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $475,615 | TotalRevenueColumnAmt |
| Exclusion | $475,615 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,768,340 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,380,554 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $387,786 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $387,786 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $395,365 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$7,579 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| MISCELLANEOUS | 900099 | $25,446 | $25,446 | |
| INVESTMENT IN GOGGLEWORKS APARTME | 900099 | -$145 | -$145 | |
| INVESTMENT IN READINGS FUTURE LLC | 900099 | -$71,765 | -$71,765 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | -$46,464 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $15,959,417 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $440,446 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $323,455 | UnrelatedBusinessRevenueAmt |
| Exclusion | $468,036 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,750 | TotalAmt |
| Program Services | $2,750 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $234,295 | TotalAmt |
| Program Services | $234,295 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,345 | TotalAmt |
| Program Services | $50,345 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,830 | TotalAmt |
| Management And General | $18,830 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,000 | TotalAmt |
| Management And General | $7,000 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,242 | TotalAmt |
| Management And General | $12,242 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,925 | TotalAmt |
| Program Services | $30,925 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,201 | TotalAmt |
| Program Services | $10,201 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,518 | TotalAmt |
| Management And General | $15,518 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| REHABILITATION EXPENSES | $1,515,130 | $1,515,130 |
| MISCELLANEOUS | $331,336 | $331,336 |
| OTHER PROPERTY RELATED | $123,822 | $123,822 |
| TAXES, FEES & LICENSES | $1,215 | $1,215 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,353,609 | TotalAmt |
| Program Services | $2,300,019 | ProgramServicesAmt |
| Management And General | $53,590 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,910,119 | BOYAmt |
| EOY | $2,158,768 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $308,535 | BOYAmt |
| EOY | $5,489,580 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,535,252 | BOYAmt |
| EOY | $2,948,119 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $500,110 | BOYAmt |
| EOY | $500,110 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,854,844 | BOYAmt |
| EOY | $36,141,572 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $48,416 | BOYAmt |
| EOY | $160,933 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $11,512,209 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $3,976,553 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,037,339 | BOYAmt |
| EOY | $7,535,656 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $175,260 | BOYAmt |
| EOY | $350,826 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,599,231 | BOYAmt |
| EOY | $2,659,552 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,078 | BOYAmt |
| EOY | $24,291 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $94,426 | BOYAmt |
| EOY | $1,857,473 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,091,610 | BOYAmt |
| EOY | $59,826,880 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,757,441 | BOYAmt |
| EOY | $2,736,368 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,150,676 | BOYAmt |
| EOY | $1,102,305 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,760,110 | BOYAmt |
| EOY | $2,362,610 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,320,777 | BOYAmt |
| EOY | $23,254,188 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,237,750 | BOYAmt |
| EOY | $2,515,562 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,226,754 | BOYAmt |
| EOY | $31,971,033 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,864,856 | BOYAmt |
| EOY | $27,855,847 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,864,856 | BOYAmt |
| EOY | $27,855,847 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,091,610 | BOYAmt |
| EOY | $59,826,880 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $13,605,808 | ReconcilationRevenueExpnssAmt |
| Prior Period Adjustments | $5,571,533 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | -$186,350 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $934,716 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,854,448 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $10,811,137 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,175,447 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $14,727,480 | CurrentTaxYearAmt |
| Total | $31,503,228 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $934,716 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,854,448 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $10,811,137 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,175,447 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $14,727,480 | CurrentTaxYearAmt |
| Total | $31,503,228 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $1,021,517 | SubstantialContributorsTotAmt |
| Public Support Total170 | $30,481,711 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $22,604 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,036,642 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $42,662 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $475,615 | CurrentTaxYearAmt |
| Total | $1,577,524 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $101,906 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $242,459 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $170,895 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $353,651 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $236,334 | CurrentTaxYearAmt |
| Total | $1,105,245 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $3,721 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $9,998 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | -$46,464 | CurrentTaxYearAmt |
| Total | -$32,745 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $34,153,252 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $2,833,395 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.89250 | PublicSupportCY170Pct |
| Public Support PY170 | 0.89680 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $218,194 | OtherCostOrOtherBasisAmt |
| Book Value | $218,194 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,480,536 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,334,814 | DepreciationAmt |
| Book Value | $7,145,722 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,813,479 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,641,739 | DepreciationAmt |
| Book Value | $171,740 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $7,535,656 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $18,583,638 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $40,000 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $2,872,909 | OtherRevenueAmt |
| Revenue Not Reported | $2,912,909 | RevenueNotReportedAmt |
| Revenue Subtotal | $15,670,729 | RevenueSubtotalAmt |
| Other Revenues Not Included | $288,688 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $288,688 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $15,959,417 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $6,447,484 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $40,000 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $4,483,500 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $4,523,500 | ExpensesNotReportedAmt |
| Expenses Subtotal | $1,923,984 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $429,625 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $429,625 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $2,353,609 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | AS A NOT-FOR-PROFIT ORGANIZATION, THE ORGANIZATION IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE ORGANIZATION IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON UNRELATED BUSINESS INCOME. THE ORGANIZATION RECOGNIZES PENALTIES AND INTEREST ACCRUED RELATED TO INCOME TAX LIABILITIES IN THE PROVISION (BENEFIT) FOR INCOME TAXES IN ITS CONSOLIDATED STATEMENTS OF ACTIVITIES. FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013, THERE WERE NO ACCRUALS FOR THE PAYMENT OF PENALTIES AND INTEREST. WHEN TAX RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD BE ULTIMATELY SUSTAINED. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. TAX POSITIONS TAKEN ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE IS REFLECTED AS A LIABILITY FOR UNRECOGNIZED TAX BENEFITS IN THE ACCOMPANYING CONSOLIDATED STATEMENTS OF FINANCIAL POSITION ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. THE ORGANIZATION FILES TAX RETURNS IN THE U. S. FEDERAL JURISDICTION. THE ORGANIZATION'S INCOME TAX RETURNS ARE NOT SUBJECT TO EXAMINATION THROUGH THE YEAR ENDED DECEMBER 31, 2011. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | GOGGLEWORKS APARTMENTS LLC 740,317. OUR CITY READING - SOVEREIGN BANK BUILDING RENTAL EXPENSES 1,224,919. READING BUTTONWOOD LLC RENTAL EXPENSES 7,579. GOGGLEWORKS SHOPS LLC RENTAL EXPENSES 148,056. READING HOSPITALITY INCOME 752,038. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | 1% INVESTMENT IN GOGGLEWORKS APARTMENTS LLC -145. 99.9% INVESTMENT IN READINGS FUTURE LLC -71,765. .01% INVESTMENT IN READING HOSPITALITY LLC ELIMATIONS FROM GOGGLEWORKS APARTMENTS LLC 360,598. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | GOGGLEWORKS APARTMENTS LLC 2,180,777. OUR CITY READING - SOVEREIGN BANK BUILDING RENTAL EXPENSES 1,224,919. READING BUTTONWOOD LLC RENTAL EXPENSES 7,579. GOGGLEWORKS SHOPS LLC RENTAL EXPENSES 148,056. READING HOSPITALITY EXPENSES 663,909. TAXES PAID 57,603. DEPRECIATION BOOK TAX DIFFERENCES 154,860. 481A ADJUSTMENT 45,797. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | ROUNDING 1. ELIMATIONS FROM GOGGLEWORKS APARTMENTS LLC 429,624. |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (5 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd | Loan To OrganizationLoanToOrganizationInd |
|---|---|---|---|---|---|---|---|---|
| ALBERT BOSCOV | ||||||||
| CHAIRMAN OF THE BOARD | ADVANCEMENTS TO THE ORGANIZATION'S CHAIRMAN | Yes (X) | $195,768 | $500,110 | 0 | 0 | 0 | |
| ALBERT BOSCOV | ||||||||
| CHAIRMAN OF THE BOARD | FUNDS TO SUPPORT ORGANIZATION'S PROGRAMS AND MORTGAGES | $140,000 | $362,500 | 0 | 0 | Yes (1) | Yes (X) | |
| EUNICE BOSCOV | ||||||||
| WIFE OF CHAIRMAN OF THE BOARD | FUNDS TO SUPPORT ORGANIZATION'S PROGRAMS AND MORTGAGES | $1,500,000 | $1,500,000 | 0 | 0 | Yes (1) | Yes (X) | |
| (no name) | ||||||||
| ENTITY CONTROLLED BY CHAIRMAN OF THE BOARD | Yes (X) | 0 | 0 | 0 | ||||
| ALBERT BOSCOV | ||||||||
| CHAIRMAN OF THE BOARD | FUNDS TO SUPPORT ORGANIZATION'S PROGRAMS AND MORTGAGES | $500,110 | $500,110 | 0 | 0 | Yes (1) | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $2,862,720 | TotalBalanceDueAmt |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | READING HOSPITALITY LLC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | > 35% OWNED BY OUR CITY READING INC BOARD MEMBERS | RelationshipDescriptionTxt |
| Transaction | $9,266,118 | TransactionAmt |
| Transaction | OUR CITY READING HOLDS A LOAN ON BEHALF OF READING HOSPITALITY | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | DIETER CZERNY, TREASURER, IS THE CONTROLLER OF BOSCOVS, WHICH IS OWNED 50% BY ALBERT BOSCOV. |
| FORM 990, PART VI, SECTION A, LINE 2 | JAMES BOSCOV, DIRECTOR, IS THE NEPHEW OF ALBERT BOSCOV, BOARD CHAIRMAN. |
| FORM 990, PART VI, SECTION A, LINE 3 | MANAGEMENT OF ORGANIZATION IS CARRIED OUT BY DIETER CZERNY, AN EMPLOYEE OF BOSCOV'S. HE RECEIVES NO ADDITIONAL COMPENSATION FOR THIS DUTY APART FROM HIS SALARY. |
| FORM 990, PART VI, SECTION A, LINE 8B | THE COMMITTEES ONLY MAKE RECOMMENDATIONS TO THE BOARD. THEY DO NOT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11 | FINANCE COMMITTEE BOARD MEMBERS REVIEW AND APPROVE THE FORM 990 WITH THE ACCOUNTANTS. |
| FORM 990, PART VI, SECTION B, LINE 12C | BOARD MEMBERS AND THEIR RELATIONSHIPS, BUSINESS AND PERSONAL, ARE REVIEWED AND DISCLOSED ANNUALLY. |
| FORM 990, PART VI, SECTION B, LINE 15 | NO OFFICERS OR MANAGMENT PERSONNEL ARE PAID BY OUR CITY READING, INC. |
| FORM 990, PART VI, SECTION C, LINE 19 | ALL DOCUMENTS ARE AVAILABLE FOR REVIEW UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | READING FUTURES LLC 71,765. DEPRECIATION (BOOK > TAX) -154,860. FEDERAL TAXES PAID -57,603. GOGGLEWORKS APARTMENTS 145. 481A ADJUSTMENT -45,797. READING HOSPITALITY CY INCOME 0. READING HOSPITALITY BOOK/TAX BASIS ADJUSTMENT 0. |
| FORM 990, PART XII, LINE 2C | THE OVERSIGHT AND SELECTION PROCESSES HAVE NOT CHANGED FROM PRIOR YEARS. |
| FORM 990, PART V, LINE 1C | THE ORGANIZATION DID NOT HAVE ANY INSTANCES WHERE BACKUP WITHHOLDING WAS REQUIRED; HOWEVER, IF THE SITUATION WOULD ARISE, THE ORGANIZATION IS AWARE OF THE REPORTING REQUIREMENTS AND WOULD HANDLE THAT ACCORDINGLY. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|
| READING BUTTONWOOD GATEWAY GROUP LLC | |||||||
| 4500 PERKIOMEN AVENUE | READING | PA | 19606 | 020649004 | REAL ESTATE | PA | OUR CITY READING INC |
| GOGGLE WORKS SHOPS LLC | |||||||
| 4500 PERKIOMEN AVENUE | READING | PA | 19606 | 371543727 | REAL ESTATE | PA | OUR CITY READING INC |
| READING REVIVAL LLC | |||||||
| 4500 PERKIOMEN AVENUE | READING | PA | 19606 | REAL ESTATE (INACTIVE) | PA | OUR CITY READING INC | |
| GOGGLEWORKS ARTISTS HOUSING LLC | |||||||
| 4500 PERKIOMEN AVENUE | READING | PA | 19606 | 455021951 | REAL ESTATE | PA | OUR CITY READING INC |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Predominant Income TypePredominantIncomeTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | Disproportionate AllocationsDisproportionateAllocationsInd | UBI Code VUBICodeVAmt | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GOGGLE WORKS APARTMENTS LLC | ||||||||||||||
| 4500 PERKIOMEN AVENUE | READING | PA | 19606 | 331163317 | REAL ESTATE | PA | OUR CITY READING | UNRELATED | -$145 | -$258 | 0 | -$145 | Yes (1) | 0.00010 |
| READING HOSPITALITY LLC | ||||||||||||||
| 4500 PERKIOMEN AVENUE | READING | PA | 19606 | 453275719 | REAL ESTATE - HOTEL | PA | OUR CITY READING | UNRELATED | $1,224,902 | 0 | Yes (1) | 0.00010 | ||
| READINGS FUTURE LLC | ||||||||||||||
| 15375 BLUE FISH CIRCLE | LAKEWOOD RANCH | FL | 34202 | 412048130 | REAL ESTATE MANAGEMENT | FL | OUR CITY READING | UNRELATED | -$71,765 | $175,139 | 0 | -$71,765 | Yes (1) | 0.99990 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| GOGGLEWORKS SHOPS LLC | ||
| D | $83,562 | FMV |
| READING HOSPITALITY LLC | ||
| D | $9,266,118 | FMV |