Civic Intelligence

Catskill Development Foundation Inc.

990 • Fiscal year 2022 • EIN 05-0577881

Jan 01, 2022 to Dec 31, 2022 • Filed on May 01, 2023

5 1/2 Main StreetDelhi, NY 13753

(607) 746-2281

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.14x

Higher debt load relative to assets than 58% of similar nonprofits.

2022 filings • NTEE S • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

89th percentile

1.03x

Higher debt load relative to revenue than 89% of similar nonprofits.

2022 filings • NTEE S • $500k-$1M nonprofits • Source year 2022

Net Margin

71st percentile

17%

Higher net margin than 71% of similar nonprofits.

2022 filings • NTEE S • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • NTEE S • $500k-$1M nonprofits • Source year 2022

Asset Growth

46th percentile

2.0%

Faster asset growth than 46% of similar nonprofits.

2022 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

27th percentile

-2.0%

Faster revenue growth than 27% of similar nonprofits.

2022 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$700,950

Up $13,552 (+2.0%) from 2021

Net Assets

Up

$603,293

Up $16,498 (+2.8%) from 2021

Liabilities

Down

$97,657

Down $2,946 (-2.9%) from 2021

Revenue

Down

$94,384

Down $1,923 (-2.0%) from 2021

Expenses

Up

$77,886

Up $2,046 (+2.7%) from 2021

Net Income

Down

$16,498

Down $3,969 (-19%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $1,054,755Liabilities 2011: $149,808Net Assets 2011: $904,9472011Assets 2012: $1,451,580Liabilities 2012: $264,860Net Assets 2012: $1,186,7202012Assets 2013: $1,405,874Liabilities 2013: $253,588Net Assets 2013: $1,152,2862013Assets 2014: $1,359,583Liabilities 2014: $252,760Net Assets 2014: $1,106,8232014Assets 2015: $1,322,411Liabilities 2015: $245,989Net Assets 2015: $1,076,4222015Assets 2016: $831,106Liabilities 2016: $238,330Net Assets 2016: $592,7762016Assets 2017: $647,282Liabilities 2017: $72,582Net Assets 2017: $574,7002017Assets 2018: $629,694Liabilities 2018: $68,593Net Assets 2018: $561,1012018Assets 2019: $607,363Liabilities 2019: $57,858Net Assets 2019: $549,5052019Assets 2020: $618,218Liabilities 2020: $51,890Net Assets 2020: $566,3282020Assets 2021: $687,398Liabilities 2021: $100,603Net Assets 2021: $586,7952021Assets 2022: $700,950Liabilities 2022: $97,657Net Assets 2022: $603,2932022Assets 2023: $739,078Liabilities 2023: $94,204Net Assets 2023: $644,8742023Assets 2024: $753,842Liabilities 2024: $91,669Net Assets 2024: $662,1732024Assets 2025: $739,824Liabilities 2025: $87,809Net Assets 2025: $652,0152025

Highlighted filing

2022

Assets$700,950
Liabilities$97,657
Net Assets$603,293

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2011: $236,109Expenses 2011: $74,311Net Income 2011: $161,7982011Revenue 2012: $357,734Expenses 2012: $75,961Net Income 2012: $281,7732012Revenue 2013: $98,704Expenses 2013: $133,138Net Income 2013: -$34,4342013Revenue 2014: $43,039Expenses 2014: $88,502Net Income 2014: -$45,4632014Revenue 2015: $56,648Expenses 2015: $78,199Net Income 2015: -$21,5512015Revenue 2016: $55,538Expenses 2016: $85,828Net Income 2016: -$30,2902016Revenue 2017: $56,069Expenses 2017: $74,145Net Income 2017: -$18,0762017Revenue 2018: $42,172Expenses 2018: $55,396Net Income 2018: -$13,2242018Revenue 2019: $70,180Expenses 2019: $81,776Net Income 2019: -$11,5962019Revenue 2020: $71,937Expenses 2020: $56,570Net Income 2020: $15,3672020Revenue 2021: $96,307Expenses 2021: $75,840Net Income 2021: $20,4672021Revenue 2022: $94,384Expenses 2022: $77,886Net Income 2022: $16,4982022Revenue 2023: $68,116Expenses 2023: $26,535Net Income 2023: $41,5812023Revenue 2024: $65,923Expenses 2024: $48,624Net Income 2024: $17,2992024Revenue 2025: $55,757Expenses 2025: $65,915Net Income 2025: -$10,1582025

Highlighted filing

2022

Revenue$94,384
Expenses$77,886
Net Income$16,498
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 1, 2023
Return Version
2022v5.0
Gross Receipts
$94,384
Mission and Program Overview

Mission

Increase employment opportunities by attracting, retaining, and training businesses. Promote economic welfare through development of tourism,recreation, and commerce.

Increase employment opportunities by attracting, retaining, and training businesses. Promote economic welfare through development of tourism, recreation, and commerce.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$651,159$649,214▼ $1,945
Savings and Temporary Cash Investments$35,689$51,736▲ $16,047
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$687,398$700,950▲ $13,552
Other Assets Total$550$0▼ $550
Liabilities
Mortgage Notes Payable Secured by Investment Property$100,053$97,107▼ $2,946
Other Liabilities$550$550→ $0
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$100,603$97,657▼ $2,946
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$586,795$603,293▲ $16,498
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$586,795$603,293▲ $16,498
Total Liabilities and Net Assets / Fund Balance$687,398$700,950▲ $13,552

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$619,214$20,000$0
Other Land Buildings$0$0$0
Land$30,000-$0
Equipment$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
James ThomsonChairperson
Glenn NealisDirector
James EllisDirector
Ray PucciDirector
Melonda O'BryanSecretary
Eli TownsendTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$94,384
Investment Income
$0
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$16,498
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$77,886
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$75,443--$75,443
Insurance$0$2,167$0$2,167
Other Expenses$0$100$0$100
Advertising$0$99$0$99
Office Expenses$0$77$0$77
Total Functional Expenses$75,443$2,443$0$77,886
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rental deposit$550
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

IRS Form 990 is distributed to all directors prior to submission.

Form 990, Part VI, Section B, Line 12C

Written policies are in place and new disclosures signed annually.

Form 990, Part VI, Section C, Line 18

Form is posted in a public building.

Form 990, Part VI, Section C, Line 19

Forms are available for public inspection.

Filing and Contact Details

Filer

Filer Name
Catskill Development Foundation Inc
EIN
05-0577881
Phone
6077462281
Address
5 1/2 Main Street, Delhi, NY 13753

Signing Officer

Name
Ray Pucci
Title
Director
Phone
6077462281
Signed
2023-05-01

Organization Details

Principal Officer
Ray Pucci
Formed
2003
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
5
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Program Expenses

Financial Statement Notes

Schedule D, Part X, Line 2

Rent Escrow

Raw XML AppendixShowing 400 of 577 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Ray Pucci
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/BusinessCd1711300
IRS990/ProgramServiceRevenueGrp/Desc0Operate a Business Startup Center
IRS990/ProgramServiceRevenueGrp/Desc1sponsor communiyt events
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt058696
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt135688
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt058696
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt135688
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgSrvcAccomActy2Grp/Desc0Delaware County Business Center--operate business startup facility
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt039749
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt058696
IRS990/ProgSrvcAccomActy3Grp/Desc0Dance Public Performance
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt05694
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt06000
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Run Wild in the Catskills Race
IRS990/ProgSrvcAccomActyOtherGrp/Desc1Community Kiosks
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt01555
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt1322
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt00
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt01555
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt10
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt075840
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt096307
IRS990/PYRevenuesLessExpensesAmt020467
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt075840
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt096307
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt016498
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt027690
IRS990/SavingsAndTempCashInvstGrp/BOYAmt035689
IRS990/SavingsAndTempCashInvstGrp/EOYAmt051736
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Interest payment
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1No income was received in 2022.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part III, Line 10a
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Schedule A, Part III, Line 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt06000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt05000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt035200
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt04500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt08010
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt058710
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt07
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt08
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt052696
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt091307
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt036730
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt065680
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt059907
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0306320
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt07
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt08
IRS990ScheduleA/InvestmentIncomeCYPct00.00002

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.74$0.09$0.65$0.06$0.07$0.01
2024Detailed filing. Detailed filing data is available for this year.$0.75$0.09$0.66$0.07$0.05$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.74$0.09$0.64$0.07$0.03$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.70$0.10$0.60$0.09$0.08$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.69$0.10$0.59$0.10$0.08$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.62$0.05$0.57$0.07$0.06$0.02
2019Summary only. Only limited summary data is available for this year.$0.61$0.06$0.55$0.07$0.08$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.63$0.07$0.56$0.04$0.06$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.65$0.07$0.57$0.06$0.07$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.83$0.24$0.59$0.06$0.09$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.32$0.25$1.08$0.06$0.08$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.36$0.25$1.11$0.04$0.09$0.05
2013Detailed filing. Detailed filing data is available for this year.$1.41$0.25$1.15$0.10$0.13$0.03
2012Summary only. Only limited summary data is available for this year.$1.45$0.26$1.19$0.36$0.08$0.28
2011Summary only. Only limited summary data is available for this year.$1.05$0.15$0.90$0.24$0.07$0.16