Civic Intelligence

The Cohoes Local Development Corporation

990 • Fiscal year 2017 • EIN 06-1658545

Jan 01, 2017 to Dec 31, 2017 • Filed on Mar 14, 2018

Organization ProfileN/A
97 Mohawk StreetCohoes, NY 12047

(518) 233-2119

Siviq Scores

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

Liabilities / Assets

34th percentile

0.02x

Higher debt load relative to assets than 34% of similar nonprofits.

2017 filings • NTEE S • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

50th percentile

0.07x

Higher debt load relative to revenue than 50% of similar nonprofits.

2017 filings • NTEE S • $500k-$1M nonprofits • Source year 2017

Net Margin

7th percentile

-53%

Higher net margin than 7% of similar nonprofits.

2017 filings • NTEE S • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

42nd percentile

$0

Higher top officer pay than 42% of similar nonprofits.

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

2017 filings • NTEE S • $500k-$1M nonprofits • Source year 2017

Asset Growth

13th percentile

-15%

Faster asset growth than 13% of similar nonprofits.

2017 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

44th percentile

2.4%

Faster revenue growth than 44% of similar nonprofits.

2017 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets34th percentile

Assets

Down

$664,763

Down $118,647 (-15%) from 2016

Net Assets

Down

$649,665

Down $106,924 (-14%) from 2016

Liabilities

Down

$15,098

Down $11,723 (-44%) from 2016

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin7th percentile

Revenue

Up

$201,491

Up $4,798 (+2.4%) from 2016

Expenses

Up

$308,415

Up $117,128 (+61%) from 2016

Net Income

Down

-$106,924

Down $112,330 (-2078%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$1.0M$500K$0Assets 2011: $733,956Liabilities 2011: $33,546Net Assets 2011: $700,4102011Assets 2012: $687,431Liabilities 2012: $19,687Net Assets 2012: $667,7442012Assets 2013: $631,226Liabilities 2013: $18,796Net Assets 2013: $612,4302013Assets 2014: $615,230Liabilities 2014: $26,407Net Assets 2014: $588,8232014Assets 2015: $813,147Liabilities 2015: $61,964Net Assets 2015: $751,1832015Assets 2016: $783,410Liabilities 2016: $26,821Net Assets 2016: $756,5892016Assets 2017: $664,763Liabilities 2017: $15,098Net Assets 2017: $649,6652017Assets 2018: $735,559Liabilities 2018: $1,283Net Assets 2018: $734,2762018Assets 2019: $569,146Liabilities 2019: $4,248Net Assets 2019: $564,8982019Assets 2020: $573,584Liabilities 2020: $2,887Net Assets 2020: $570,6972020Assets 2021: $492,855Liabilities 2021: $1,228Net Assets 2021: $491,6272021Assets 2022: $428,398Liabilities 2022: $280Net Assets 2022: $428,1182022Assets 2023: $379,808Liabilities 2023: $680Net Assets 2023: $379,1282023Assets 2024: $339,140Liabilities 2024: $830Net Assets 2024: $338,3102024Assets 2025: $317,850Liabilities 2025: $13,724Net Assets 2025: $304,1262025

Highlighted filing

2017

Assets$664,763
Liabilities$15,098
Net Assets$649,665
Open 2017 Filing

Operations Trend

Revenue Growth44th percentile

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

$400K$200K$0-$200KRevenue 2011: $148,527Expenses 2011: $110,820Net Income 2011: $37,7072011Revenue 2012: $84,513Expenses 2012: $117,179Net Income 2012: -$32,6662012Revenue 2013: $84,507Expenses 2013: $139,821Net Income 2013: -$55,3142013Revenue 2014: $37,539Expenses 2014: $61,146Net Income 2014: -$23,6072014Revenue 2015: $276,877Expenses 2015: $114,517Net Income 2015: $162,3602015Revenue 2016: $196,693Expenses 2016: $191,287Net Income 2016: $5,4062016Revenue 2017: $201,491Expenses 2017: $308,415Net Income 2017: -$106,9242017Revenue 2018: $348,648Expenses 2018: $242,722Net Income 2018: $105,9262018Revenue 2019: $38,590Expenses 2019: $207,968Net Income 2019: -$169,3782019Revenue 2020: $162,568Expenses 2020: $156,769Net Income 2020: $5,7992020Revenue 2021: $40,875Expenses 2021: $117,944Net Income 2021: -$77,0692021Revenue 2022: $47,777Expenses 2022: $111,286Net Income 2022: -$63,5092022Revenue 2023: $38,059Expenses 2023: $87,049Net Income 2023: -$48,9902023Revenue 2024: $36,438Expenses 2024: $77,256Net Income 2024: -$40,8182024Revenue 2025: $34,578Expenses 2025: $68,762Net Income 2025: -$34,1842025

Highlighted filing

2017

Revenue$201,491
Expenses$308,415
Net Income-$106,924
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Mar 14, 2018
Return Version
2017v2.3
Gross Receipts
$201,491
Mission and Program Overview

Mission

Facilitate employment within city of cohoes

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$270,766$300,505▲ $29,739
Land, Buildings, and Equipment, Net$109,000$187,470▲ $78,470
Cash and Non-Interest-Bearing Accounts$403,644$176,788▼ $226,856
Total Assets$783,410$664,763▼ $118,647
Liabilities
Accounts Payable and Accrued Expenses$25,821$15,098▼ $10,723
Deferred Revenue$1,000--
Total Liabilities$26,821$15,098▼ $11,723
Net Assets / Fund Balance
Unrestricted Net Assets$756,589$649,665▼ $106,924
Total Net Assets Fund Balance$756,589$649,665▼ $106,924
Total Liabilities and Net Assets / Fund Balance$783,410$664,763▼ $118,647

Asset Categories

AssetBook ValueDepreciationBasis
Land$187,470--
Compensation and Service Providers
Top Officer Pay42nd percentile

Board Members and Trustees

NameTitle
John FranierPresident
Michael JacobsonDirector
Ralph SignoracciDirector
Fred NeudoerfferSecretary
Ralph PascaleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$193,463
Program Service Revenue
$7,947
Investment Income
$0
Other Revenue
$81
All Other Contributions
$52,269
Change in Net Assets
$-106,924

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Residential2$34,369ASSESSOR'S ESTIMATE
Total Noncash Contributions2$34,369-

Audited Revenue Reconciliation

Revenue per Audited Statements
$201,491
Total Revenue per Audited Statements
$201,491
Total Revenue per Form 990
$201,491
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$155,623
Other Expenses$98,396
Salaries, Compensation, and Employee Benefits$54,396
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$155,623--$155,623
Other Salaries and Wages$35,971--$35,971
Advertising$18,662--$18,662
Fees for Services Accounting$16,305--$16,305
Other Employee Benefits$15,057--$15,057
Fees for Services Other$14,080--$14,080
Fees for Services Legal$9,761--$9,761
Office Expenses$4,837--$4,837
Fees for Services Management-$4,000-$4,000
Payroll Taxes$3,368--$3,368
Insurance$1,609--$1,609
Other Expenses$1,080--$1,080
Total Functional Expenses$304,415$4,000$0$308,415

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$308,415
Total Expenses per Audited Statements$308,415
Total Expenses per Form 990$308,415
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
100 N5 LLCCohoes, NY-Rehab & Improvements$75,000
Pioneer BankLatham, NY-Rehab & Improvement$50,000
Peak MusicCohoes, NY-Rehab & Improvement$10,000
Cake Street SweetsCohoes, NY-Rehab & Improvement$6,194
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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, Page 6, Part VI, Line 11B

“A draft of the form 990 is given to the bod for review before it is filled out.”

Form 990, Page 6, Part VI, Line 12C

“The organization is of such a size that informal monitoring of the conflict of interest policy is effective.”

Form 990, Page 6, Part VI, Line 15A

“The bpd reviews the stipend that the executive director receives”

Form 990, Page 6, Part VI, Line 15B

“The bod approves the salary of employees”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
The Cohoes Local Development
EIN
06-1658545
Phone
5182332119
Address
97 MOHAWK STREET, COHOES, NY 12047

Signing Officer

Name
John Franier
Title
President
Phone
5182332124
Signed
2018-03-14

Organization Details

Principal Officer
John Franier
Formed
2002
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
1

Preparer

Firm
Cusack & Company Cpas LLC
Address
7 AIRPORT PARK BLVD, LATHAM, NY 12110
Preparer
Kenneth B Claflin CPA
Phone
5187863550
Raw XML Appendix379 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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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2CAKE STREET SWEETS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3PEAK MUSIC
IRS990ScheduleI/RecipientTable/RecipientEIN0810789870
IRS990ScheduleI/RecipientTable/RecipientEIN1201621704
IRS990ScheduleI/RecipientTable/RecipientEIN2812192818
IRS990ScheduleI/RecipientTable/RecipientEIN3821221107
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt098 NIVER STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1652 ALBANY SHAKER ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2190 RENSEN STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt386 REMSEN STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0COHOES
IRS990ScheduleI/RecipientTable/USAddress/CityNm1LATHAM
IRS990ScheduleI/RecipientTable/USAddress/CityNm2COHOES
IRS990ScheduleI/RecipientTable/USAddress/CityNm3COHOES
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd012047
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd112110
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd212047
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd312047
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/RealEstateResidentialGrp/ContributionCnt02
IRS990ScheduleM/RealEstateResidentialGrp/MethodOfDeterminingRevenuesTxt0ASSESSOR'S ESTIMATE
IRS990ScheduleM/RealEstateResidentialGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateResidentialGrp/NoncashContributionsRptF990Amt034369
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT OF THE FORM 990 IS GIVEN TO THE BOD FOR REVIEW BEFORE IT IS FILLED OUT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS OF SUCH A SIZE THAT INFORMAL MONITORING OF THE CONFLICT OF INTEREST POLICY IS EFFECTIVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BPD REVIEWS THE STIPEND THAT THE EXECUTIVE DIRECTOR RECEIVES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOD APPROVES THE SALARY OF EMPLOYEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0783410
IRS990/TotalAssetsEOYAmt0664763
IRS990/TotalAssetsGrp/BOYAmt0783410
IRS990/TotalAssetsGrp/EOYAmt0664763
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0193463
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04000
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0304415
IRS990/TotalFunctionalExpensesGrp/TotalAmt0308415
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt026821
IRS990/TotalLiabilitiesEOYAmt015098
IRS990/TotalLiabilitiesGrp/BOYAmt026821
IRS990/TotalLiabilitiesGrp/EOYAmt015098
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0756589
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0649665
IRS990/TotalProgramServiceExpensesAmt0304415
IRS990/TotalProgramServiceRevenueAmt07947
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt08028
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0201491
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0783410
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0664763
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0756589
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0649665
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN FRANIER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05182332124
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-03-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE COHOES LOCAL DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0COHO
ReturnHeader/Filer/EIN0061658545
ReturnHeader/Filer/PhoneNum05182332119
ReturnHeader/Filer/USAddress/AddressLine1Txt097 MOHAWK STREET
ReturnHeader/Filer/USAddress/CityNm0COHOES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd012047
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0ED1F5B734F4F27C850A4AE41024250DBBFA8AAB9
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0988EEA2B10BFB872E24AC4933F9E7C57A831DBAB
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt072.0.141.34
ReturnHeader/FilingSecurityInformation/IPDt02018-03-27
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm008:49:59
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0141800427
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CUSACK & COMPANY CPAS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07 AIRPORT PARK BLVD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LATHAM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd012110
ReturnHeader/PreparerPersonGrp/PhoneNum05187863550
ReturnHeader/PreparerPersonGrp/PreparationDt02018-03-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KENNETH B CLAFLIN CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-03-27T09:49:59-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$664,763
Liabilities
$15,098
Net assets
$649,665
Revenue
$201,491
Expenses
$308,415
Net income
-$106,924
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.18$0.14$3.04$0.35$0.69$0.34
2024Detailed filing. Detailed filing data is available for this year.$3.39$0.01$3.38$0.36$0.77$0.41
2023Detailed filing. Detailed filing data is available for this year.$3.80$0.01$3.79$0.38$0.87$0.49
2022Detailed filing. Detailed filing data is available for this year.$4.28$0.00$4.28$0.48$1.11$0.64
2021Detailed filing. Detailed filing data is available for this year.$4.93$0.01$4.92$0.41$1.18$0.77
2020Detailed filing. Detailed filing data is available for this year.$5.74$0.03$5.71$1.63$1.57$0.06
2019Detailed filing. Detailed filing data is available for this year.$5.69$0.04$5.65$0.39$2.08$1.69
2018Detailed filing. Detailed filing data is available for this year.$7.36$0.01$7.34$3.49$2.43$1.06
2017Detailed filing. Detailed filing data is available for this year.$6.65$0.15$6.50$2.01$3.08$1.07
2016Detailed filing. Detailed filing data is available for this year.$7.83$0.27$7.57$1.97$1.91$0.05
2015Detailed filing. Detailed filing data is available for this year.$8.13$0.62$7.51$2.77$1.15$1.62
2014Summary only. Only limited summary data is available for this year.$6.15$0.26$5.89$0.38$0.61$0.24
2013Summary only. Only limited summary data is available for this year.$6.31$0.19$6.12$0.85$1.40$0.55
2012Summary only. Only limited summary data is available for this year.$6.87$0.20$6.68$0.85$1.17$0.33
2011Summary only. Only limited summary data is available for this year.$7.34$0.34$7.00$1.49$1.11$0.38