Civic Intelligence

Greater Glens Falls Local Development Corporation

990 • Fiscal year 2020 • EIN 14-1674747

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 07, 2021

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

66th percentile

0.18x

Higher debt load relative to assets than 66% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

97th percentile

6.04x

Higher debt load relative to revenue than 97% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Net Margin

9th percentile

-31%

Higher net margin than 9% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

71st percentile

$13,061

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 16.8% of source-year revenue.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Asset Growth

14th percentile

-6.3%

Faster asset growth than 14% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

8th percentile

-45%

Faster revenue growth than 8% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets66th percentile

Assets

Down

$2,679,975

Down $180,893 (-6.3%) from 2019

Net Assets

Down

$2,210,889

Down $24,448 (-1.1%) from 2019

Liabilities

Down

$469,086

Down $156,445 (-25%) from 2019

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin9th percentile

Revenue

Down

$77,684

Down $62,470 (-45%) from 2019

Expenses

Down

$102,132

Down $118,837 (-54%) from 2019

Net Income

Up

-$24,448

Up $56,367 (+70%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth14th 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

2020

Assets$2,679,975
Liabilities$469,086
Net Assets$2,210,889
Open 2020 Filing

Operations Trend

Revenue Growth8th 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

2020

Revenue$77,684
Expenses$102,132
Net Income-$24,448
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 7, 2021
Return Version
2020v4.0
Gross Receipts
$77,684
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$333,758$342,461▲ $8,703
Other Notes and Loans Receivable, Net$189,829$138,198▼ $51,631
Cash and Non-Interest-Bearing Accounts$53,216$30,619▼ $22,597
Prepaid Expenses and Deferred Charges$3,955$4,574▲ $619
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$2,860,868$2,679,975▼ $180,893
Other Assets Total$269,041$153,054▼ $115,987
Liabilities
Other Liabilities$275,456$306,496▲ $31,040
Mortgage Notes Payable Secured by Investment Property$163,448$155,913▼ $7,535
Accounts Payable and Accrued Expenses$185,510$6,677▼ $178,833
Deferred Revenue$1,117--
Total Liabilities$625,531$469,086▼ $156,445
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,672,483$1,700,830▲ $28,347
Net Assets With Donor Restrictions$562,854$510,059▼ $52,795
Total Net Assets Fund Balance$2,235,337$2,210,889▼ $24,448
Total Liabilities and Net Assets / Fund Balance$2,860,868$2,679,975▼ $180,893

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,421,165-$1,421,165
Buildings$589,904--
Other Assets Org$153,054--
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Mark ToomeyCFOPT$13,061$13,061

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$61,117
Program Service Revenue
$16,384
Investment Income
$183
Other Revenue
$0
Change in Net Assets
$-24,448

Audited Revenue Reconciliation

Revenue per Audited Statements
$77,684
Total Revenue per Audited Statements
$77,684
Total Revenue per Form 990
$77,684
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$89,071
Salaries, Compensation, and Employee Benefits$13,061
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance$3,079$13,415-$16,494
Current Officers, Directors, Trustees, and Key Employees-$13,061-$13,061
Fees for Services Accounting-$10,025-$10,025
Fees for Services Legal-$9,045-$9,045
Fees for Services Other$2,500--$2,500
Occupancy$262$1,912-$2,174
Interest$1,674--$1,674
Other Expenses$240$573-$813
Total Functional Expenses$52,333$49,799$0$102,132

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$102,132
Total Expenses per Audited Statements$102,132
Total Expenses per Form 990$102,132
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$234,681
Due to Glens Falls IDA$71,648
Due to HUD$167
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 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
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
Susanne Kasitch
Title
CEO
Signed
2021-04-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susanne Kasitch
Formed
1984
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Whittemore Dowen & Ricciardelli Llp
Address
333 AVIATION RD BLDG B, QUEENSBURY, NY 12804
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, 2020, 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, 2020, the tax years that remain subject to examination by taxing authorities begin with 2017.”

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IRS990/MoreThan5000KToOrgInd0false
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0155913
IRS990/NetAssetsOrFundBalancesBOYAmt02235337
IRS990/NetAssetsOrFundBalancesEOYAmt02210889
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01700830
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IRS990/OccupancyGrp/ManagementAndGeneralAmt01912
IRS990/OccupancyGrp/ProgramServicesAmt0262
IRS990/OccupancyGrp/TotalAmt02174
IRS990/OfficeExpensesGrp/TotalAmt00
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IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0269041
IRS990/OtherAssetsTotalGrp/EOYAmt0153054
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Contractual Grant Expenses
IRS990/OtherExpensesGrp/Desc1Bad Debt Expense
IRS990/OtherExpensesGrp/Desc2Computer and Website
IRS990/OtherExpensesGrp/Desc3Miscellaneous
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0833
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1935
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2573
IRS990/OtherExpensesGrp/ProgramServicesAmt026149
IRS990/OtherExpensesGrp/ProgramServicesAmt118429
IRS990/OtherExpensesGrp/ProgramServicesAmt2240
IRS990/OtherExpensesGrp/TotalAmt026149
IRS990/OtherExpensesGrp/TotalAmt119262
IRS990/OtherExpensesGrp/TotalAmt2935
IRS990/OtherExpensesGrp/TotalAmt3813
IRS990/OtherLiabilitiesGrp/BOYAmt0275456
IRS990/OtherLiabilitiesGrp/EOYAmt0306496
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
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IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0189829
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0138198
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03955
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04574
IRS990/PrincipalOfficerNm0Susanne Kasitch
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0Fee Revenue
IRS990/ProgramServiceRevenueGrp/Desc1Interest on Loans
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt08500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt17884
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17884
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0129585
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0138
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0220969
IRS990/PYProgramServiceRevenueAmt010431
IRS990/PYRevenuesLessExpensesAmt0-80815
IRS990/PYTotalExpensesAmt0220969
IRS990/PYTotalRevenueAmt0140154
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-24448
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt060000
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt016384
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0333758
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0342461
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0589904
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0589904
IRS990ScheduleD/ExpensesSubtotalAmt0102132
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01421165
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01421165
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0153054
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Due from New York State
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Other Receivable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0234681
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt171648
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2167
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to City of Glens Falls
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Due to Glens Falls IDA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Due to HUD
IRS990ScheduleD/RevenueSubtotalAmt077684
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, 2020, 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, 2020, the tax years that remain subject to examination by taxing authorities begin with 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02011069
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0153054
IRS990ScheduleD/TotalExpensesPerForm990Amt0102132
IRS990ScheduleD/TotalLiabilityAmt0306496
IRS990ScheduleD/TotalRevenuePerForm990Amt077684
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt077684
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0102132
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/AddressLine1Txt142 Ridge Street
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/TaxablePartyNotificationInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,679,975
Liabilities
$469,086
Net assets
$2,210,889
Revenue
$77,684
Expenses
$102,132
Net income
-$24,448
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