BERWYN DEVELOPMENT CORPORATION: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: BERWYN DEVELOPMENT CORPORATION (EIN 36-3301829)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-07-19
IRS object ID: 201332009349300313
Schema version: 2012v2.1
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
Form 990
Schedule A
Schedule D
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-07-19T11:28:53-05:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	EVENHOUSE & CO PC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	310 W LAKE ST STE 200	AddressLine1
City	ELMHURST	City
State	IL	State
ZIP Code	601261527	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	363301829	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	BERWYN DEVELOPMENT CORPORATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	BERW	NameControl
Phone	7087888100	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3322 S OAK PARK AVE 2ND FL	AddressLine1
City	BERWYN	City
State	IL	State
ZIP Code	60402	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	ANTHONY GRIFFIN	Name
Title	EXECUTIVE DIRECTOR	Title
Phone	7087888100	Phone
Date Signed	2013-07-08	DateSigned
Authorize Third Party	false	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	TIMOTHY J VANDE WERKEN CPA	Name
Phone	6308323225	Phone
Date Prepared	2013-07-12	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	ANTHONY GRIFFIN	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	3322 S OAK PARK AVE 2ND FLOOR	AddressLine1
City	BERWYN	City
State	IL	State
ZIP Code	60402	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	1323090	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	WWW.BERWYN.NET	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1988	YearFormation
State Legal Domicile	IL	StateLegalDomicile
Activity Or Mission Description	THE BERWYN DEVELOPMENT CORPORATION IS COMMITTED TO THOSE ACTIVITIES THAT SUPPORT AND CONTRIBUTE TO THE ECONOMIC GROWTH AND VITALITY OF THE BERWYN COMMUNITY.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	16	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	16	NbrIndependentVotingMembers
Total Nbr Employees	15	TotalNbrEmployees
Total Nbr Volunteers	250	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Current Year	3887	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	1440155	ProgramServiceRevenuePriorYear
Program Service Revenue CY	1155961	ProgramServiceRevenueCY
Investment Income Prior Year	162148	InvestmentIncomePriorYear
Investment Income Current Year	162554	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	1602303	TotalRevenuePriorYear
Total Revenue Current Year	1322402	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	701106	SalariesEtcPriorYear
Salaries Etc Current Year	611986	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	627497	OtherExpensePriorYear
Other Expenses Current Year	647668	OtherExpensesCurrentYear
Total Expenses Prior Year	1328603	TotalExpensesPriorYear
Total Expenses Current Year	1259654	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	273700	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	62748	RevenuesLessExpensesCY
Total Assets BOY	4110819	TotalAssetsBOY
Total Assets EOY	3628662	TotalAssetsEOY
Total Liabilities BOY	2927300	TotalLiabilitiesBOY
Total Liabilities EOY	2382395	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	1183519	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	1246267	NetAssetsOrFundBalancesEOY
Mission Description	THE BERWYN DEVELOPMENT CORPORATION IS COMMITTED TO THOSE ACTIVITIES THAT SUPPORT AND CONTRIBUTE TO THE ECONOMIC GROWTH AND VITALITY OF THE BERWYN COMMUNITY.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	962857	Expense
Description	DEVELOP AND PROMOTE THE CITY OF BERWYN THROUGH RENOVATION PROJECTS, EVENTS AND PROMOTIONS.	Description
Total Program Service Expense	962857	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	true	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	true	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	24	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	15	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Form8899 Filed	false	Form8899Filed
Form1098 C Filed	false	Form1098CFiled
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	16	NbrVotingGoverningBodyMembers
Number Independent Voting Members	16	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	true	MembersOrStockholders
Election Of Board Members	true	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	false	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	IL	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	ANTHONY GRIFFIN	NamePerson
Telephone Number	7087888100	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	3322 S OAK PARK AVE 2ND FL	AddressLine1
City	BERWYN	City
State	IL	State
ZIP Code	60402	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (17 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
ANTHONY GRIFFIN
EXEC. DIR.	40.00	X	X	140260	0	0
JON FEY
PRESIDENT	1.00	X	X	0	0	0
JOUSEF MONDRAGON
VICE PRESIDE	1.00	X	X	0	0	0
JOHN ARANZA
VICE PRESIDE	1.00	X	X	0	0	0
TOM BENSON
DIRECTOR	1.00	X		0	0	0
DOUGLAS WALEGA
DIRECTOR	1.00	X		0	0	0
ALBA LOVERO
DIRECTOR	1.00	X		0	0	0
BEVERLY PASTOREK
DIRECTOR	1.00	X		0	0	0
ESTHER CORPUZ
DIRECTOR	1.00	X		0	0	0
PEGGY ROSE KWIATEK
DIRECTOR	1.00	X		0	0	0
DOROTHY CHIERO
SECRETARY	1.00	X	X	0	0	0
MARTIN MENDICINO
DIRECTOR	1.00	X		0	0	0
AUGUST KALAL
TREASURER	1.00	X	X	0	0	0
SCOTT LENNON
DIRECTOR	1.00	X		0	0	0
WILLIAM HLAVACEK JR
DIRECTOR	1.00	X		0	0	0
JEFF JANDA
DIRECTOR	1.00	X		0	0	0
GUY HOLLIS
DIRECTOR	1.00	X		0	0	0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	140260	TotalReportableCompFromOrg
Number Individuals GT100 K	1	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
All Other Contributions	3887	AllOtherContributions
Total Contributions	3887	TotalContributions

Program Service Revenue ProgramServiceRevenue (4 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
ADMINISTRATION FEES	910603	910603
OTHER PROGRAM FEES	180600	180600
MEMBERSHIPS	38653	38653
PIPER AWARD DINNER	26105	26105

Field	Value	IRS element (for citing)
Total Program Service Revenue	1155961	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	162962	TotalRevenueColumn
Related Or Exempt Function Income	160630	RelatedOrExemptFunctionIncome
Exclusion	$2,332	ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Other	280	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Other	688	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Other	-408	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	-408	TotalRevenueColumn
Related Or Exempt Function Income	-408	RelatedOrExemptFunctionIncome

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	1322402	TotalRevenueColumn
Related Or Exempt Function Income	1316183	RelatedOrExemptFunctionIncome
Exclusion	$2,332	ExclusionAmount

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	140260	Total
Program Services	98182	ProgramServices
Management And General	42078	ManagementAndGeneral

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	391565	Total
Program Services	325129	ProgramServices
Management And General	66436	ManagementAndGeneral

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	10378	Total
Program Services	8286	ProgramServices
Management And General	2092	ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	23594	Total
Program Services	18838	ProgramServices
Management And General	4756	ManagementAndGeneral

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	46189	Total
Program Services	36878	ProgramServices
Management And General	9311	ManagementAndGeneral

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	6620	Total
Program Services	6620	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	26563	Total
Management And General	26563	ManagementAndGeneral

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	46355	Total
Program Services	46355	ProgramServices

Advertising Advertising

Field	Value	IRS element (for citing)
Total	46547	Total
Program Services	42753	ProgramServices
Management And General	3794	ManagementAndGeneral

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	103705	Total
Program Services	56325	ProgramServices
Management And General	47380	ManagementAndGeneral

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	6055	Total
Management And General	6055	ManagementAndGeneral

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	12000	Total
Management And General	12000	ManagementAndGeneral

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	18120	Total
Program Services	18120	ProgramServices

Interest Interest

Field	Value	IRS element (for citing)
Total	114974	Total
Program Services	114974	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	13394	Total
Management And General	13394	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	8092	Total
Management And General	8092	ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
DEPOT DISTRICT	70032	70032
PLANNING EXPENSES	36265	36265
ROUTE 66	35277	35277
EMPLOYEE BUSINESS EXPENSE	33033		33033

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	70636	Total
Program Services	48823	ProgramServices
Management And General	21813	ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	1259654	Total
Program Services	962857	ProgramServices
Management And General	296797	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	1361113	BOY
EOY	1191164	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	4075	BOY
EOY	4825	EOY

Receivables From Disqual Persons ReceivablesFromDisqualPersons

Field	Value	IRS element (for citing)
BOY	521727	BOY
EOY	508563	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
BOY	2191421	BOY
EOY	1887044	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	10544	BOY
EOY	9816	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	138143	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	110893	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	21939	BOY
EOY	27250	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	4110819	BOY
EOY	3628662	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	30303	BOY
EOY	149017	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	2366066	BOY
EOY	2023254	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	530931	BOY
EOY	210124	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	2927300	BOY
EOY	2382395	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	1183519	BOY
EOY	1246267	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1183519	BOY
EOY	1246267	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	4110819	BOY
EOY	3628662	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	62748	ReconcilationRevenueExpenses
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited

FS Audited Basis FSAuditedBasis

Field	Value	IRS element (for citing)
Financial Statement Separate	X	FinancialStatementSeparate

Field	Value	IRS element (for citing)
Audit Committee	true	AuditCommittee
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org170b1 Avi	X	PubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	1007652	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	974154	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	1267493	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	1268003	CurrentTaxYearMinus1Year
Current Tax Year	949256	CurrentTaxYear
Total	5466558	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	1007652	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	974154	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	1267493	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	1268003	CurrentTaxYearMinus1Year
Current Tax Year	949256	CurrentTaxYear
Total	5466558	Total

Field	Value	IRS element (for citing)
Public Support Total170	5466558	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	252537	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	131948	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	127348	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	164579	CurrentTaxYearMinus1Year
Current Tax Year	160630	CurrentTaxYear
Total	837042	Total

Field	Value	IRS element (for citing)
Total Support	6303600	TotalSupport
Gross Receipts From Admissions Etc	1316591	GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage170	0.86720	PublicSupportPertcentage170
Public Support Pertcent Prior Year	0.85290	PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170	X	ThirtyThreePercntTestsCY170

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	44114	OtherCostOrOtherBasis
Depreciation	44058	Depreciation
Book Value	56	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	94029	OtherCostOrOtherBasis
Depreciation	66835	Depreciation
Book Value	27194	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	27250	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	ESCROW LIABILITIES	Description
Amount	$210,124	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	210124	TotalOfAmounts
Footnote In Part XIII	X	FootnoteInPartXIII
Tot Revenue Etc Audited Fincl Stmt	1303218	TotRevenueEtcAuditedFinclStmt
Other Revenues	407	OtherRevenues
Revenue Not Rptd F990	407	RevenueNotRptdF990
Revenue Subtotal	1302811	RevenueSubtotal
Other Revenues Not Included	19591	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	19591	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	1322402	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	1240470	TotExpensesEtcAuditedFinclStmt
Other Expenses Included	407	OtherExpensesIncluded
Expenses Not Rptd F990	407	ExpensesNotRptdF990
Expenses Subtotal	1240063	ExpensesSubtotal
Other Expenses Not Included	19591	OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt	19591	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	1259654	TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII (5 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
LIABILITY UNDER FIN 48 FOOTNOTE	SCHEDULE D, PAGE 3, PART X	THE CORPORATION HAS ADOPTED THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ORGANIZATION AND THE CONTINUED TAX EXEMPT STATUS OF VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). AT DECEMBER 31, 2012, THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES.
REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER	SCHEDULE D, PAGE 4, PART XI, LINE 2D	LOSS ON DISPOSAL OF ASSETS 407
REVENUE AMOUNTS INCLUDED ON RETURN - OTHER	SCHEDULE D, PAGE 4, PART XI, LINE 4B	SPECIAL EVENT - DIRECT EXPENSES 19,591
EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER	SCHEDULE D, PAGE 4, PART XII, LINE 2D	LOSS ON DISPOSAL OF ASSETS 407
EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER	SCHEDULE D, PAGE 4, PART XII, LINE 4B	SPECIAL EVENT - DIRECT EXPENSES 19,591

Schedule L IRS990ScheduleL

Loan Table LoanTable (2 entries)

Relationship With OrganizationRelationshipWithOrganization	Purpose Of LoanPurposeOfLoan	Loan From OrganizationLoanFromOrganization	Original PrincipalOriginalPrincipalAmount	Balance DueBalanceDue	DefaultDefault	Approved By BoardApprovedByBoard	Written AgreementWrittenAgreement
HOLLIS OF PALOS LLC
BOARD MEMBER	LOAN PROGRAM	X	$305,000	291270	false	true	true
AUTRE MONDE
BOARD MEMBER	LOAN PROGRAM	X	$225,000	217293	false	true	true

Field	Value	IRS element (for citing)
Total Balance Due	508563	TotalBalanceDue

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (8 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
EXPLANATION ON VOLUNTEERS AND TYPES OF SERVICES OR BENEFITS	FORM 990, PAGE 1, PART I, LINE 6	VOLUNTEERS ASSIST AT VARIOUS EVENTS THROUGHOUT THE YEAR. VOLUNTEERS DO NOT RECEIVE BENEFITS FOR THEIR TIME.
CLASSES OF MEMBERS OR STOCKHOLDERS	FORM 990, PAGE 6, PART VI, LINE 6	MEMBERSHIP IN THE ORGANIZATION IS VOLUNTARY AND MEMBERSHIP DUES ARE PAID ON AN ANNUAL BASIS.
ELECTION OF MEMBERS AND THEIR RIGHTS	FORM 990, PAGE 6, PART VI, LINE 7A	THE BOARD OF DIRECTORS ARE ELECTED BY THE MEMBERSHIP OF THE ORGANIZATION.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	THE RETURN WAS REVIEWED BY THE TREASURER AND EXECUTIVE DIRECTOR. THE RETURN WAS REVIEWED AT A REGULARLY SCHEDULED BOARD MEETING AND COPIES WERE MADE AVAILABLE TO THE BOARD.
ENFORCEMENT OF CONFLICTS POLICY	FORM 990, PAGE 6, PART VI, LINE 12C	ALL CONFLICTS OF INTEREST ARE TO BE DISCLOSED TO THE EXECUTIVE DIRECTOR.
COMPENSATION PROCESS FOR TOP OFFICIAL	FORM 990, PAGE 6, PART VI, LINE 15A	THE BOARD ANNUALLY REVIEWED ALL EMPLOYEE COMPENSATION AND COMPARES COMPENSATION LEVELS WITH OTHER SIMILAR ORGANIZATIONS.
COMPENSATION PROCESS FOR OFFICERS	FORM 990, PAGE 6, PART VI, LINE 15B	ALL EMPLOYEE SALARIES ARE REVIEWED ANNUALLY BY THE BOARD AND ARE COMPARED TO OTHER SIMILAR ORGANIZATIONS.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICES DURING REGULAR BUSINESS HOURS.

BERWYN DEVELOPMENT CORPORATION: Form 990, tax year 2012

Return header ReturnHeader

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Preparer Firm US Address PreparerFirmUSAddress

Filer Filer

Name Name

US Address USAddress

Officer Officer

Preparer Preparer

Form 990 IRS990

Address Principal Officer US AddressPrincipalOfficerUS

The Books Are In Care Of TheBooksAreInCareOf

Address US AddressUS

Form990 Part VII Section A Form990PartVIISectionA (17 entries)

Program Service Revenue ProgramServiceRevenue (4 entries)

Investment Income InvestmentIncome

Gross Amount Sales Assets GrossAmountSalesAssets

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Gain Or Loss GainOrLoss

Net Gain Or Loss Investments NetGainOrLossInvestments

Total Revenue TotalRevenue

Comp Current Officers Directors CompCurrentOfficersDirectors

Other Salaries And Wages OtherSalariesAndWages

Pension Plan Contributions PensionPlanContributions

Other Employee Benefits OtherEmployeeBenefits

Payroll Taxes PayrollTaxes

Fees For Services Legal FeesForServicesLegal

Fees For Services Accounting FeesForServicesAccounting

Fees For Services Other FeesForServicesOther

Advertising Advertising

Office Expenses OfficeExpenses

Information Technology InformationTechnology

Occupancy Occupancy

Conferences Meetings ConferencesMeetings

Interest Interest

Depreciation Depletion DepreciationDepletion

Insurance Insurance

Other Expenses OtherExpenses (4 entries)

All Other Expenses AllOtherExpenses

Total Functional Expenses TotalFunctionalExpenses

Cash Non Interest Bearing CashNonInterestBearing

Accounts Receivable AccountsReceivable

Receivables From Disqual Persons ReceivablesFromDisqualPersons

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Total Assets TotalAssets

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Other Liabilities OtherLiabilities

Total Liabilities TotalLiabilities

Unrestricted Net Assets UnrestrictedNetAssets

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FS Audited Basis FSAuditedBasis

Schedule A IRS990ScheduleA

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

Total170 Total170

Gross Investment Income170 GrossInvestmentIncome170

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovements

Equipment Equipment

Other Liabilities OtherLiabilities

Form990 Schedule D Part XIII Form990ScheduleDPartXIII (5 entries)

Schedule L IRS990ScheduleL

Loan Table LoanTable (2 entries)

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (8 entries)

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