Skip to content
Nonprofiteer
← NORTHEASTERN RESOURCES DEVELOPMENT CORP

Form 990 for tax year 2022

Filed by NORTHEASTERN RESOURCES DEVELOPMENT CORP.

Totals

Total revenue
$478,599
Total expenses
$514,129
Contributions and grants received
$430,383
Grants paid
$110,175
Program service revenue
$0
Investment income
$61,245
Other revenue
-$13,029
Total assets, end of year
$5,980,746
Total liabilities, end of year
$554,744
Net assets or fund balances, end of year
$5,426,002
Program services expenses (Part IX)
$341,093
Management and general expenses
$29,294
Fundraising expenses
$143,742
Program service expenses (Part III)
$341,093

Program services were 66.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $430,383

  • 3 · Investment income

    total $91,326 · excluded $91,326

  • 7a · Gross sales of assets other than inventory

    securities $930,955

  • 7b · Less cost or other basis and sales expenses

    securities $961,036

  • 7c · Gain or loss

    securities -$30,081

  • 7d · Net gain or loss

    total -$30,081 · related or exempt -$30,081

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $9,424 · related or exempt $9,424

  • 11b · Other revenue: SUBSIDIARY NET INCOME

    total -$22,453 · related or exempt -$22,453

  • 11e · Other revenue, total

    -$13,029

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $21,225 · program services $21,225

  • 2 · Grants to domestic individuals

    total $88,950 · program services $88,950

  • 5 · Compensation of officers, directors and key employees

    total $40,970 · program services $40,970

  • 7 · Other salaries and wages

    total $62,670 · program services $47,124 · management and general $15,546

  • 8 · Pension plan contributions

    total $39,976 · program services $33,980 · management and general $5,996

  • 10 · Payroll taxes

    total $42,346 · program services $35,994 · management and general $6,352

  • 11e · Fees: professional fundraising services

    total $143,742 · fundraising $143,742

  • 17 · Travel

    total $8,439 · program services $8,439

  • 22 · Depreciation, depletion and amortization

    total $8,952 · program services $8,952

  • 23 · Insurance

    total $7,298 · program services $7,298

  • 24a · Other expenses: PROFESSIONAL SERVICES

    total $46,307 · program services $45,093 · management and general $1,214

  • 24b · Other expenses: OTHER

    total $3,254 · program services $3,068 · management and general $186

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $11,990 · end of year $87,596

  • 4 · Accounts receivable

    beginning of year $54,339 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $44,762

  • 10b · Land, buildings and equipment: accumulated depreciation

    $17,904

  • 10c · Land, buildings and equipment, net

    beginning of year $35,810 · end of year $26,858

  • 11 · Investments: publicly traded securities

    beginning of year $5,582,189 · end of year $5,068,128

  • 15 · Other assets

    beginning of year $820,617 · end of year $798,164

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,005 · end of year $97,132

  • 18 · Grants payable

    beginning of year $89,250 · end of year $93,750

  • 25 · Other liabilities

    beginning of year $440,952 · end of year $363,862

  • 27 · Net assets without donor restrictions

    beginning of year $5,946,313 · end of year $5,418,277

  • 28 · Net assets with donor restrictions

    beginning of year $13,425 · end of year $7,725

Mission and programs · 2022

Mission

IMPROVE SERVICE DELIVERY TO LOW-INCOME PERSONS AND SUPPORT COLLEGE ENTRY BY LOW-INCOME YOUTHS.

  • PROVIDING LONG-RANGE PLANNING, MANAGEMENT, ADMINISTRATIVE AND DEVELOPMENT SERVICES TO THE COMMISSION ON ECONOMIC OPPORTUNITY AND OTHER HUMAN SERVICE ORGANIZATIONS.

    Expenses $341,093 · Grants $110,175

  • ESTABLISH AND FUND A SCHOLARSHIP AWARD FOR LOW INCOME, ACADEMICALLY TALENTED GRADUATES OF LUZERNE COUNTY HIGH SCHOOLS. (IRS APPROVAL - 1988)

  • PROVIDE LEGAL RESEARCH, REPRESENTATION AND SUPPORT TO AFFILIATED ORGANIZATIONS.

  • SERVE AS AN INCUBATOR ORGANIZATION FOR ECONOMIC DEVELOPMENT, ORGANIZING ENTERPRISES FOR JOB CREATION, PROVIDING RESEARCH, GRANT ASSISTANCE AND MANAGEMENT TRAINING TO NEW AND EXPANDING ORGANIZATIONS.

  • PROVIDE DEVELOPMENT ASSISTANCE TO THE HOUSING DEVELOPMENT CORPORATION AND THE COMMISSION ON ECONOMIC OPPORTUNITY IN THE BROAD AND DIFFERENTIATED DELIVERY OF SERVICES/PRODUCTS TO THE LOW INCOME AND ELDERLY COMMUNITY.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Joseph Carmody

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Joseph Vullo

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Attorney Thomas Kennedy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Frank Crossin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Ritter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Eugene Brady

    PRESIDENT

    Total calculated
    $40,970
    From this org
    $40,970
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • DETAIL SCHEDULE RETAINED

    $21,225

    TO CONTINUE THE ORGANIZATION'S TAX EXEMPT PURPOSE

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ENERTEK SYSTEMS INC

    C · ENERGY CONSERVATION · PA · 100% owned

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202343179349303199

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.