Developemental Enterprises Corp
- Assets
- $9.9m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 446
- Location
- Norristown, PA
- Founding
- 02/1972
- Data as of
- 06/2021
- EIN
- 23-7122260
Organization Overview
Developemental Enterprises Corp is located in Norristown, PA. The organization was established in 1972. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 06/2021, Developemental Enterprises Corp employed 446 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Developemental Enterprises Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Developemental Enterprises Corp generated $6.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $7.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEC IS COMMITTED TO SUPPORTING THOSE WITH DEVELOPMENTAL DISABILITIES TO REACH THEIR POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOCATIONAL REHABILITATIVE- DEC MAINTAINS FACILITIES THROUGHOUTMONTGOMERY COUNTY TO PROVIDE VOCATIONAL REHABILITATION TODEVELOPMENTALLY DISABLED ADULTS.
RESIDENTIAL SERVICES- DEC PROVIDES COMMUNITY RESIDENTIAL SERVICES TO PERSONS WITH MENTAL AND PHYSICAL HANDICAPS.
COMMUNITY SERVICES- DEC PROVIDES EMPLOYMENT SUPPORT FOR PERSONS WITH MENTAL AND PHYSICAL HANDICAPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Golec Dec'd 112021 Ceo/executive Director | Officer | 37 | $128,276 |
Brian Hague Controller | Officer | 37 | $108,190 |
Amanda Stewart Operations Director | 37 | $103,189 | |
L Steuart Brown Jr Treasurer | OfficerTrustee | 1 | $0 |
James Keating President | OfficerTrustee | 1 | $0 |
Kirk Armbrust Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $62,393 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,690,419 |
| All other contributions, gifts, grants, and similar amounts not included above | $90,448 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,843,260 |
| Total Program Service Revenue | $413,857 |
| Investment income | $24,549 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $64,353 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,387,939 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $249,777 |
| Compensation of current officers, directors, key employees. | $206,976 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,433,221 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $710,079 |
| Payroll taxes | $373,668 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $59,471 |
| Fees for services: Accounting | $24,715 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,358 |
| Advertising and promotion | $0 |
| Office expenses | $231,415 |
| Information technology | $152,129 |
| Royalties | $0 |
| Occupancy | $489,747 |
| Travel | $153,668 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $208,890 |
| Insurance | $183,312 |
| All other expenses | $4,837 |
| Total functional expenses | $7,488,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,600,318 |
| Savings and temporary cash investments | $4,241,820 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,052,348 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $96,176 |
| Net Land, buildings, and equipment | $1,229,431 |
| Investments—publicly traded securities | $1,447,074 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $270,696 |
| Total assets | $9,937,863 |
| Accounts payable and accrued expenses | $497,347 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $365,173 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,495,800 |
| Other liabilities | $103,852 |
| Total liabilities | $2,462,172 |
| Net assets without donor restrictions | $7,475,691 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,937,863 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Developemental Enterprises Corp has recieved totaling $76.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $76 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Work & Independence Inc Glens Falls, NY | $10,451,280 | $22,331,025 |
Hudson Community Enterprises Inc Jersey City, NJ | $11,931,222 | $18,486,775 |
Threshold Rehabilitation Services Inc Reading, PA | $11,899,909 | $17,640,016 |
Community Integrated Services Philadelphia, PA | $2,476,322 | $14,565,645 |
Easter Seals Tristate Cincinnati, OH | $28,695,386 | $25,913,475 |
Seec Corporation Silver Spring, MD | $9,412,245 | $16,148,887 |
Ardmore Enterprises Inc Lanham, MD | $12,191,941 | $13,293,594 |
Beaver County Rehabilitation Center Inc Aliquippa, PA | $10,513,213 | $9,961,243 |
Southern Maryland Vocational Industries Incorporated Brandywine, MD | $15,709,947 | $11,646,301 |
Opportunity Center Incorporated New Castle, DE | $5,700,822 | $7,361,490 |
Sparc Services Philadelphia, PA | $16,875,723 | $9,202,219 |
Vocational Guidance Services Cleveland, OH | $23,016,437 | $6,003,961 |