Liabilities / Assets
97th percentile
Higher debt load relative to assets than 97% of similar nonprofits.
Lake Champlain-Lake George Regional Development Corporation
990EZ • Fiscal year 2017 • EIN 14-1725736
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
1.04x
Liabilities / Revenue
100th percentile
Higher debt load relative to revenue than 100% of similar nonprofits.
Net Margin
96th percentile
Higher net margin than 96% of similar nonprofits.
Top Officer Pay
86th percentile
Higher top officer pay than 86% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
51st percentile
Faster asset growth than 51% of similar nonprofits.
Revenue Growth
6th percentile
Faster revenue growth than 6% of similar nonprofits.
Balance Sheet
Assets
Up$286,868
Up $4,376 (+1.5%) from 2016
Net Assets
-$12,682
No earlier filing loaded for comparison.
Liabilities
Down$299,550
Down $19,021 (-6.0%) from 2016
Revenue And Expenses
Revenue
Down$36,374
Down $44,953 (-55%) from 2016
Expenses
Down$12,977
Down $11,002 (-46%) from 2016
Net Income
Down$23,397
Down $33,951 (-59%) from 2016
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2017 to Dec 31, 2017
- Signed
- May 8, 2018
- Return Version
- 2017v2.3
- Gross Receipts
- $36,374
Mission and Program Overview
Mission
The organization's exempt purpose is to promote, initiate, encourage and effect economic development projects in the new york state counties of clinton, essex, hamilton, warren and washington.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| DURING ITS TWENTY-EIGHT YEARS OF EXISTENCE, THE ORGANIZATION HAS MADE OVER THREE MILLION DOLLARS (3,084,715) IN NEW LOANS TO AREA BUSINESSES TO AVERT LAYOFFS OR ADD NEW JOBS, THUS PROMOTING THE AREA'S ECONOMY. | - | $12,474 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| HARRY BOOTH | President | - | $0 | - | - |
| LOU TESSIER | Treasurer | - | $0 | - | - |
| WALTER C YOUNG | Executive Di | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Lake Champlain-lake George Regional
- EIN
- 14-1725736
- Phone
- 5186685773
- Address
- PO BOX 765, LAKE GEORGE, NY 12845
Signing Officer
- Name
- Walter C Young
- Title
- Executive Director
- Phone
- 5186685773
- Signed
- 2018-05-08
- Discuss with paid preparer
- Yes
Preparer
- Firm
- SEFCO CPA'S LLP
- Address
- 16 PINE ST, GLENS FALLS, NY 12801-3444
- Preparer
- Robert M Bondy Ii Cpamba
- Phone
- 5187937783
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 8
“Decrease loan loss allowance 22,200 reimbrsmnts loan closing cost 500 total 22,700”
Form 990-ez, Part I, Line 16
“Expenses interest expense 3,075 admin. & operating exp. 9,902 total 12,977”
Form 990-ez, Part II, Line 24
“Economic development loans 326,417 297,299 less allowance 88,000 65,800 net 238,417 231,499 receivable from lc-lg rpb 0 27,206 receivable from lc-lg rpb rlf ii 0 20,000 total 238,417 278,705”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 1,362 2,750 mortgage and other notes payable 317,209 296,800”
Form 990-ez, Part III
“The organization's exempt purpose is to promote, initiate, encourage and effect economic development projects in the new york state counties of clinton, essex, hamilton, warren and washington.”
Raw XML Appendix113 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | WALTER C YOUNG |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 5186685773 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1 LOWER AMHERST STREET |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | LAKE GEORGE |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 12845 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 44075 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 8163 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 23397 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 282492 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 286868 |
| IRS990EZ/GrossReceiptsAmt | 0 | 36374 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 15 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingOtherDesc | 0 | MOD. ACCRUAL |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -36079 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -12682 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -36079 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -12682 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0.10 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0.25 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | HARRY BOOTH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | LOU TESSIER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | WALTER C YOUNG |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | EXECUTIVE DI |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 238417 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 278705 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 12977 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 22700 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE ORGANIZATION'S EXEMPT PURPOSE IS TO PROMOTE, INITIATE, ENCOURAGE AND EFFECT ECONOMIC DEVELOPMENT PROJECTS IN THE NEW YORK STATE COUNTIES OF CLINTON, ESSEX, HAMILTON, WARREN AND WASHINGTON. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 13659 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | DURING ITS TWENTY-EIGHT YEARS OF EXISTENCE, THE ORGANIZATION HAS MADE OVER THREE MILLION DOLLARS (3,084,715) IN NEW LOANS TO AREA BUSINESSES TO AVERT LAYOFFS OR ADD NEW JOBS, THUS PROMOTING THE AREA'S ECONOMY. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 12474 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 318571 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 299550 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 12977 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 12474 |
| IRS990EZ/TotalRevenueAmt | 0 | 36374 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DECREASE LOAN LOSS ALLOWANCE 22,200 REIMBRSMNTS LOAN CLOSING COST 500 TOTAL 22,700 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EXPENSES INTEREST EXPENSE 3,075 ADMIN. & OPERATING EXP. 9,902 TOTAL 12,977 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ECONOMIC DEVELOPMENT LOANS 326,417 297,299 LESS ALLOWANCE 88,000 65,800 NET 238,417 231,499 RECEIVABLE FROM LC-LG RPB 0 27,206 RECEIVABLE FROM LC-LG RPB RLF II 0 20,000 TOTAL 238,417 278,705 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 1,362 2,750 MORTGAGE AND OTHER NOTES PAYABLE 317,209 296,800 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE ORGANIZATION'S EXEMPT PURPOSE IS TO PROMOTE, INITIATE, ENCOURAGE AND EFFECT ECONOMIC DEVELOPMENT PROJECTS IN THE NEW YORK STATE COUNTIES OF CLINTON, ESSEX, HAMILTON, WARREN AND WASHINGTON. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 8 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2018-06-14 16:35:46Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | WALTER C YOUNG |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXECUTIVE DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 5186685773 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2018-05-08 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LAKE CHAMPLAIN-LAKE GEORGE REGIONAL |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | DEVELOPMENT CORPORATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LAKE |
| ReturnHeader/Filer/EIN | 0 | 141725736 |
| ReturnHeader/Filer/PhoneNum | 0 | 5186685773 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 765 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | LAKE GEORGE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 12845 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | D07494981A206917BFBB43986C62A3821DF8F0BC |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 9EB30EFDF6B5A499F10231C88B57151C9DBE82D9 |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 172.100.248.94 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2018-05-09 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | CD |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 15:04:49 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 141515307 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | SEFCO CPA'S LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 16 PINE ST |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | GLENS FALLS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 128013444 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5187937783 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2018-05-09 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ROBERT M BONDY II CPAMBA |
| ReturnHeader/ReturnTs | 0 | 2018-05-09T16:04:49-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2017-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2017-12-31 |
| ReturnHeader/TaxYr | 0 | 2017 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $286,868
- Liabilities
- $299,550
- Net assets
- -$12,682
- Revenue
- $36,374
- Expenses
- $12,977
- Net income
- $23,397