Civic Intelligence

Greater Glens Falls Local Development Corporation

990 • Fiscal year 2018 • EIN 14-1674747

Jan 01, 2018 to Dec 31, 2018 • Filed on May 10, 2019

Organization Profilewww.glensfallsldc.com
42 Ridge StGlens Falls, NY 12801

(518) 761-3833

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.14x

Higher debt load relative to assets than 62% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

98th percentile

9.80x

Higher debt load relative to revenue than 98% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Net Margin

2nd percentile

-224%

Higher net margin than 2% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

66th percentile

$7,350

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 19.3% of source-year revenue.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2018

Asset Growth

63rd percentile

4.2%

Faster asset growth than 63% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

90th percentile

71%

Faster revenue growth than 90% of similar nonprofits.

2018 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$2,690,123

Up $108,838 (+4.2%) from 2017

Net Assets

Down

$2,316,152

Down $85,517 (-3.6%) from 2017

Liabilities

Up

$373,971

Up $194,355 (+108%) from 2017

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin2nd percentile

Revenue

Up

$38,167

Up $15,785 (+71%) from 2017

Expenses

Up

$123,684

Up $65,673 (+113%) from 2017

Net Income

Down

-$85,517

Down $49,888 (-140%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $2,689,370Liabilities 2010: $584,182Net Assets 2010: $2,105,1882010Assets 2011: $1,902,526Liabilities 2011: $7,236Net Assets 2011: $1,895,2902011Assets 2012: $2,812,892Liabilities 2012: $403,664Net Assets 2012: $2,409,2282012Assets 2013: $3,386,624Liabilities 2013: $325,828Net Assets 2013: $3,060,7962013Assets 2014: $2,861,690Liabilities 2014: $212,349Net Assets 2014: $2,649,3412014Assets 2015: $2,651,767Liabilities 2015: $164,272Net Assets 2015: $2,487,4952015Assets 2016: $2,594,783Liabilities 2016: $157,485Net Assets 2016: $2,437,2982016Assets 2017: $2,581,285Liabilities 2017: $179,616Net Assets 2017: $2,401,6692017Assets 2018: $2,690,123Liabilities 2018: $373,971Net Assets 2018: $2,316,1522018Assets 2019: $2,860,868Liabilities 2019: $625,531Net Assets 2019: $2,235,3372019Assets 2020: $2,679,975Liabilities 2020: $469,086Net Assets 2020: $2,210,8892020Assets 2021: $3,029,527Liabilities 2021: $487,874Net Assets 2021: $2,541,6532021Assets 2022: $2,853,769Liabilities 2022: $360,899Net Assets 2022: $2,492,8702022Assets 2023: $2,576,941Liabilities 2023: $305,533Net Assets 2023: $2,271,4082023Assets 2024: $2,377,342Liabilities 2024: $276,326Net Assets 2024: $2,101,0162024

Highlighted filing

2018

Assets$2,690,123
Liabilities$373,971
Net Assets$2,316,152
Open 2018 Filing

Operations Trend

Revenue Growth90th percentile

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

$1.0M$500K$0-$500KExpenses 2010: $291,2092010Expenses 2011: $270,2952011Expenses 2012: $314,8162012Revenue 2013: $779,115Expenses 2013: $127,547Net Income 2013: $651,5682013Revenue 2014: $10,269Expenses 2014: $91,314Net Income 2014: -$81,0452014Revenue 2015: $15,333Expenses 2015: $177,179Net Income 2015: -$161,8462015Revenue 2016: $14,612Expenses 2016: $64,809Net Income 2016: -$50,1972016Revenue 2017: $22,382Expenses 2017: $58,011Net Income 2017: -$35,6292017Revenue 2018: $38,167Expenses 2018: $123,684Net Income 2018: -$85,5172018Revenue 2019: $140,154Expenses 2019: $220,969Net Income 2019: -$80,8152019Revenue 2020: $77,684Expenses 2020: $102,132Net Income 2020: -$24,4482020Revenue 2021: $376,260Expenses 2021: $45,496Net Income 2021: $330,7642021Revenue 2022: $287,113Expenses 2022: $335,896Net Income 2022: -$48,7832022Revenue 2023: $187,152Expenses 2023: $408,614Net Income 2023: -$221,4622023Revenue 2024: $273,391Expenses 2024: $442,661Net Income 2024: -$169,2702024

Highlighted filing

2018

Revenue$38,167
Expenses$123,684
Net Income-$85,517
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 10, 2019
Return Version
2018v3.1
Gross Receipts
$38,167
Mission and Program Overview

Mission

The corporation makes revolving loans available to local businesses to enhance redevelopment for the purpose of providing job opportunities and reducing unemployment. The corporation also participates in other econcomic development activities such as seeking grants, administering grants and other programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,011,069$2,011,069→ $0
Savings and Temporary Cash Investments$318,825$277,197▼ $41,628
Other Notes and Loans Receivable, Net$246,583$220,738▼ $25,845
Cash and Non-Interest-Bearing Accounts-$93,023-
Prepaid Expenses and Deferred Charges$3,997$3,997→ $0
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,581,285$2,690,123▲ $108,838
Other Assets Total$811$84,099▲ $83,288
Liabilities
Other Liabilities$811$188,380▲ $187,569
Mortgage Notes Payable Secured by Investment Property$155,219$170,908▲ $15,689
Accounts Payable and Accrued Expenses$4,911$13,566▲ $8,655
Deferred Revenue$18,675$1,117▼ $17,558
Total Liabilities$179,616$373,971▲ $194,355
Net Assets / Fund Balance
Unrestricted Net Assets$1,755,034$1,696,009▼ $59,025
Temporarily Rstr Net Assets$646,635$620,143▼ $26,492
Total Net Assets Fund Balance$2,401,669$2,316,152▼ $85,517
Total Liabilities and Net Assets / Fund Balance$2,581,285$2,690,123▲ $108,838

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,421,165-$1,421,165
Buildings$589,904--
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleOtherTotal
Michael McCarthyCFO$7,350$7,350

Board Members and Trustees

NameTitle
Dan HallChairman
Todd FeigenbaumVice-Chairman
Jane ReidDirector
John CordesDirector
Mary GoodenDirector
Maury ThompsonDirector
Edward BartholomewCEO
Judith CalogeroSecretary
Lois RobinsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$22,508
Program Service Revenue
$15,519
Investment Income
$140
Other Revenue
$0
Change in Net Assets
$-85,517

Audited Revenue Reconciliation

Revenue per Audited Statements
$38,167
Total Revenue per Audited Statements
$38,167
Total Revenue per Form 990
$38,167
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$123,684
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
Fees for Services Other$30,199--$30,199
Fees for Services Accounting-$16,540-$16,540
Insurance$2,156$13,459-$15,615
Fees for Services Management-$12,945-$12,945
Fees for Services Legal-$8,204-$8,204
Interest$1,773--$1,773
Occupancy$1,022--$1,022
Advertising-$410-$410
Other Expenses$34,950$367-$367
Office Expenses-$250-$250
Total Functional Expenses$70,100$53,584$0$123,684

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$123,684
Total Expenses per Audited Statements$123,684
Total Expenses per Form 990$123,684
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Due to City of Glens Falls$140,000
Due to Glens Falls IDA$48,265
Due to HUD$115
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“Financial records are reviewed by the Chief Financial Officer and corrected, if necessary. The Chief Financial Officer presents financial reports to the governing committee on a bi-monthly basis. The 990 is reviewed by the Executive Director and Chief Financial Officer before submission. It is distributed to the governing committee when the audit is presented.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The purpose of the Conflict of Interest Policy is to protect the interest and integrity of the Organization's interests when it is contemplating entering into a transaction or arrangement that may benefit the private interest of a director, officer, member, or any employee. If the Board of Directors receives written notice of a potential or existing conflict, the person of interest may not participate in the deliberations or vote on any matter concerning the possible conflict of interest. The Conflict of Interest Policy is reviewed, and amended as necessary, at the Organization's annual meeting.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“All governing documents are posted in PDF form on Greater Glens Falls Local Development Corporations's website in accordance with the PAAA.”

Filing and Contact Details

Filer

Filer Name
Greater Glens Falls Local Development
EIN
14-1674747
Phone
5187613833
Address
42 Ridge St, Glens Falls, NY 12801

Signing Officer

Name
Edward Bartholomew
Title
CEO
Signed
2019-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward Bartholomew
Formed
1984
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Whittemore Dowen & Ricciardelli Llp
Address
333 AVIATION RD BLDG B, QUEENSBURY, NY 12804-2915
Preparer
Colin D Combs CPA
Phone
5187920918
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The Organization is exempt from income taxes as a not-for-profit corporation under tax section 501(c)(4) as determined by the Internal Revenue Service and, accordingly, these financial statements do not reflect a provision for income taxes. In accordance with generally accepted accounting principles, the Organization accounts for uncertainty in income taxes by recognizing tax positions in the financial statements when it is more-likely-than-not the positions will be sustained upon examination by tax authorities. As of December 31, 2018, the Organization believes that it has appropriate support for the income tax positions taken on its tax returns and, therefore, believes that it has no uncertain tax positions that would have a material impact on the financial statements. As of December 31, 2018, the tax years that remain subject to examination by taxing authorities begin with 2015.”

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IRS990/MissionDesc0The corporation makes revolving loans available to local businesses to enhance redevelopment for the purpose of providing job opportunities and reducing unemployment. The corporation also participates in other econcomic development activities such as seeking grants, administering grants and other programs.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0155219
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0170908
IRS990/NetAssetsOrFundBalancesBOYAmt02401669
IRS990/NetAssetsOrFundBalancesEOYAmt02316152
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/OccupancyGrp/ProgramServicesAmt01022
IRS990/OccupancyGrp/TotalAmt01022
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0250
IRS990/OfficeExpensesGrp/TotalAmt0250
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt0811
IRS990/OtherAssetsTotalGrp/EOYAmt084099
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Contractual Grant Expenses
IRS990/OtherExpensesGrp/Desc1Computer and Website
IRS990/OtherExpensesGrp/Desc2Miscellaneous
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01409
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1367
IRS990/OtherExpensesGrp/ProgramServicesAmt034950
IRS990/OtherExpensesGrp/TotalAmt034950
IRS990/OtherExpensesGrp/TotalAmt11409
IRS990/OtherExpensesGrp/TotalAmt2367
IRS990/OtherLiabilitiesGrp/BOYAmt0811
IRS990/OtherLiabilitiesGrp/EOYAmt0188380
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0246583
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0220738
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03997
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03997
IRS990/PrincipalOfficerNm0Edward Bartholomew
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0Fee Revenue
IRS990/ProgramServiceRevenueGrp/Desc1Interest on Loans
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01897
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt113622
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01897
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt113622
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt07500
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0163
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt058011
IRS990/PYProgramServiceRevenueAmt014719
IRS990/PYRevenuesLessExpensesAmt0-35629
IRS990/PYTotalExpensesAmt058011
IRS990/PYTotalRevenueAmt022382
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-85517
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt04950
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt015519
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0318825
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0277197
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0589904
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0589904
IRS990ScheduleD/ExpensesSubtotalAmt0123684
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01421165
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01421165
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0140000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt148265
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2115
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to City of Glens Falls
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Due to Glens Falls IDA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Due to HUD
IRS990ScheduleD/RevenueSubtotalAmt038167
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is exempt from income taxes as a not-for-profit corporation under tax section 501(c)(4) as determined by the Internal Revenue Service and, accordingly, these financial statements do not reflect a provision for income taxes. In accordance with generally accepted accounting principles, the Organization accounts for uncertainty in income taxes by recognizing tax positions in the financial statements when it is more-likely-than-not the positions will be sustained upon examination by tax authorities. As of December 31, 2018, the Organization believes that it has appropriate support for the income tax positions taken on its tax returns and, therefore, believes that it has no uncertain tax positions that would have a material impact on the financial statements. As of December 31, 2018, the tax years that remain subject to examination by taxing authorities begin with 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02011069
IRS990ScheduleD/TotalExpensesPerForm990Amt0123684
IRS990ScheduleD/TotalLiabilityAmt0188380
IRS990ScheduleD/TotalRevenuePerForm990Amt038167
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt038167
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0123684
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Financial records are reviewed by the Chief Financial Officer and corrected, if necessary. The Chief Financial Officer presents financial reports to the governing committee on a bi-monthly basis. The 990 is reviewed by the Executive Director and Chief Financial Officer before submission. It is distributed to the governing committee when the audit is presented.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The purpose of the Conflict of Interest Policy is to protect the interest and integrity of the Organization's interests when it is contemplating entering into a transaction or arrangement that may benefit the private interest of a director, officer, member, or any employee. If the Board of Directors receives written notice of a potential or existing conflict, the person of interest may not participate in the deliberations or vote on any matter concerning the possible conflict of interest. The Conflict of Interest Policy is reviewed, and amended as necessary, at the Organization's annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All governing documents are posted in PDF form on Greater Glens Falls Local Development Corporations's website in accordance with the PAAA.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd2false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0City of Glens Falls
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1City of Glens Falls IDA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2Warren County EDC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0146002198
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1141757090
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0City Government
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Component Unit of City Goverment
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2Economic Development Corporation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt042 Ridge Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1333 Glen Street Suite 101
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2333 Glen Street Suite 101
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Glens Falls
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Glens Falls
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2Glens Falls
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd012801
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd112801
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd212801
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0true
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,690,123
Liabilities
$373,971
Net assets
$2,316,152
Revenue
$38,167
Expenses
$123,684
Net income
-$85,517
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.38$0.28$2.10$0.27$0.44$0.17
2023Detailed filing. Detailed filing data is available for this year.$2.58$0.31$2.27$0.19$0.41$0.22
2022Detailed filing. Detailed filing data is available for this year.$2.85$0.36$2.49$0.29$0.34$0.05
2021Detailed filing. Detailed filing data is available for this year.$3.03$0.49$2.54$0.38$0.05$0.33
2020Detailed filing. Detailed filing data is available for this year.$2.68$0.47$2.21$0.08$0.10$0.02
2019Detailed filing. Detailed filing data is available for this year.$2.86$0.63$2.24$0.14$0.22$0.08
2018Detailed filing. Detailed filing data is available for this year.$2.69$0.37$2.32$0.04$0.12$0.09
2017Detailed filing. Detailed filing data is available for this year.$2.58$0.18$2.40$0.02$0.06$0.04
2016Detailed filing. Detailed filing data is available for this year.$2.59$0.16$2.44$0.01$0.06$0.05
2015Detailed filing. Detailed filing data is available for this year.$2.65$0.16$2.49$0.02$0.18$0.16
2014Detailed filing. Detailed filing data is available for this year.$2.86$0.21$2.65$0.01$0.09$0.08
2013Detailed filing. Detailed filing data is available for this year.$3.39$0.33$3.06$0.78$0.13$0.65
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.81$0.40$2.41$0.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.90$0.01$1.90$0.27
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.69$0.58$2.11$0.29