Liabilities / Assets
35th percentile
Higher debt load relative to assets than 35% of similar nonprofits.
EIN 16-1096074 • 501(c)3 • Canastota, NY
Profile
Provide rental space for start-up businesses
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
35th percentile
Higher debt load relative to assets than 35% of similar nonprofits.
Liabilities / Revenue
40th percentile
Higher debt load relative to revenue than 40% of similar nonprofits.
Net Margin
93rd percentile
Higher net margin than 93% of similar nonprofits.
Top Officer Pay
75th percentile
Higher top officer pay than 75% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
68th percentile
Faster asset growth than 68% of similar nonprofits.
Revenue Growth
31st percentile
Faster revenue growth than 31% of similar nonprofits.
Assets
Up$622,105
Up $69,126 (+13%) from 2023
Liabilities
Up$643
Up $224 (+53%) from 2023
Net Assets
Up$621,462
Up $68,902 (+12%) from 2023
Revenue
Up$115,229
Up $18,378 (+19%) from 2023
Expenses
Up$46,327
Up $9,467 (+26%) from 2023
Net Income
Up$68,902
Up $8,911 (+15%) from 2023
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
Provide rental space to new business startups
Provide rental space for start-up businesses
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Rtn Earn Endowment Incm Other Fnds | $552,560 | $621,462 | ▲ $68,902 |
| Savings and Temporary Cash Investments | $289,536 | $543,889 | ▲ $254,353 |
| Land, Buildings, and Equipment, Net | $53,221 | $50,004 | ▼ $3,217 |
| Cash and Non-Interest-Bearing Accounts | $210,222 | $28,212 | ▼ $182,010 |
| Total Assets | $552,979 | $622,105 | ▲ $69,126 |
| Liabilities | |||
| Other Liabilities | $419 | $665 | ▲ $246 |
| Accounts Payable and Accrued Expenses | - | $-22 | - |
| Total Liabilities | $419 | $643 | ▲ $224 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $552,560 | $621,462 | ▲ $68,902 |
| Total Liabilities and Net Assets / Fund Balance | $552,979 | $622,105 | ▲ $69,126 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | - | $425,297 | $425,297 |
| Leasehold Improvements | $50,004 | $82,755 | $132,759 |
| Other Land Buildings | - | $598 | $598 |
| Name | Title |
|---|---|
| Todd Rouse | President |
| Joel Arsenault | Director |
| Martin Knox | Director |
| Lori Torrey | Secretary |
| Robert Menikheim | Treasurer |
| Gerald Gortner | Vice Preside |
| Line Item | Amount |
|---|---|
| Other Expenses | $36,671 |
| Salaries, Compensation, and Employee Benefits | $9,656 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Occupancy | $13,810 | - | - | $13,810 |
| Fees for Services Accounting | - | $9,420 | - | $9,420 |
| Other Salaries and Wages | - | $8,970 | - | $8,970 |
| Depreciation Depletion | $3,217 | - | - | $3,217 |
| Payroll Taxes | - | $686 | - | $686 |
| All Other Expenses | $280 | $144 | - | $424 |
| Other Expenses | $192 | $640 | - | $192 |
| Office Expenses | $17 | - | - | $17 |
| Total Functional Expenses | $26,467 | $19,860 | $0 | $46,327 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Payroll Liabilities | $396 |
| Refundable Security Deposit | $269 |
“Stoneleigh housing, inc. Began management services in march of 2009 in order to oversee the necessary repair, maintenance, and general upkeep of the building space in addition to providing weekly office hours for tenants to bring in questions and concerns regarding occupancy issues.”
“Election of new directors is subject to vote by a quorum of directors present at a meeting of the board of directors. Elections of new officers are held annually at the organizational meeting of the board of directors and are subject to vote by a quorum of directors present at that meeting.”
“Decisions are subject to approval by a quorum of directors present at a meeting of the board of directors.”
“The board president and treasurer review the 990 prior to filing.”
“No documents available to the public”
“Expenses incurred in conjunction with the provision of facilities to startup businesses. From the period beginning 7/01/23 & ending 6/30/24 the madison county business incubator center, located within the canastota industrial park & measuring 14,400 sq. Feet, provided affordable rental space to 10 tenants for startups. Space is rented to new tenants at a base rate of 3.50 per square foot for the first year that they are located within the incubator center. Rental expense includes the charges for heat, water, sewer, maintenance, and snow removal. Each year tenants receive a rent increase of 0.50 per square foot of space occupied.”
“.”
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/ActivitiesConductedPrtshpInd | 0 | false |
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| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 280 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 424 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | CO GUSTAFSON & WARGO CPAS LLP |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 3156972345 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 3264 SENECA TURNPIKE |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | CANASTOTA |
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| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 3217 |
| IRS990/Desc | 0 | EXPENSES INCURRED IN CONJUNCTION WITH THE PROVISION OF FACILITIES TO STARTUP BUSINESSES. FROM THE PERIOD BEGINNING 7/01/23 & ENDING 6/30/24 THE MADISON COUNTY BUSINESS INCUBATOR CENTER, LOCATED WITHIN THE CANASTOTA INDUSTRIAL PARK & MEASURING 14,400 SQ. FEET, PROVIDED AFFORDABLE RENTAL SPACE TO 10 TENANTS FOR STARTUPS. SPACE IS RENTED TO NEW TENANTS AT A BASE RATE OF 3.50 PER SQUARE FOOT FOR THE FIRST YEAR THAT THEY ARE LOCATED WITHIN THE INCUBATOR CENTER. RENTAL EXPENSE INCLUDES THE CHARGES FOR HEAT, WATER, SEWER, MAINTENANCE, AND SNOW REMOVAL. EACH YEAR TENANTS RECEIVE A RENT INCREASE OF 0.50 PER SQUARE FOOT OF SPACE OCCUPIED. |
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| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
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| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
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| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
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| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 621462 |
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| IRS990/OrgDoesNotFollowFASB117Ind | 0 | X |
| IRS990/OtherExpensesGrp/Desc | 0 | INSURANCE |
| IRS990/OtherExpensesGrp/Desc | 1 | TRASH PICKUP |
| IRS990/OtherExpensesGrp/Desc | 2 | TELEPHONE |
| IRS990/OtherExpensesGrp/Desc | 3 | BANK SERVICE CHARGES |
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| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 285 |
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| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 18538 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.04000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.02000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.37140 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0.38370 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 186217 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt | 0 | 60918 |
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| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 598 |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 396 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 269 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | PAYROLL LIABILITIES |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | REFUNDABLE SECURITY DEPOSIT |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 50004 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 665 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | false |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES INCURRED IN CONJUNCTION WITH THE PROVISION OF FACILITIES TO STARTUP BUSINESSES. FROM THE PERIOD BEGINNING 7/01/23 & ENDING 6/30/24 THE MADISON COUNTY BUSINESS INCUBATOR CENTER, LOCATED WITHIN THE CANASTOTA INDUSTRIAL PARK & MEASURING 14,400 SQ. FEET, PROVIDED AFFORDABLE RENTAL SPACE TO 10 TENANTS FOR STARTUPS. SPACE IS RENTED TO NEW TENANTS AT A BASE RATE OF 3.50 PER SQUARE FOOT FOR THE FIRST YEAR THAT THEY ARE LOCATED WITHIN THE INCUBATOR CENTER. RENTAL EXPENSE INCLUDES THE CHARGES FOR HEAT, WATER, SEWER, MAINTENANCE, AND SNOW REMOVAL. EACH YEAR TENANTS RECEIVE A RENT INCREASE OF 0.50 PER SQUARE FOOT OF SPACE OCCUPIED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | . |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | STONELEIGH HOUSING, INC. BEGAN MANAGEMENT SERVICES IN MARCH OF 2009 IN ORDER TO OVERSEE THE NECESSARY REPAIR, MAINTENANCE, AND GENERAL UPKEEP OF THE BUILDING SPACE IN ADDITION TO PROVIDING WEEKLY OFFICE HOURS FOR TENANTS TO BRING IN QUESTIONS AND CONCERNS REGARDING OCCUPANCY ISSUES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ELECTION OF NEW DIRECTORS IS SUBJECT TO VOTE BY A QUORUM OF DIRECTORS PRESENT AT A MEETING OF THE BOARD OF DIRECTORS. ELECTIONS OF NEW OFFICERS ARE HELD ANNUALLY AT THE ORGANIZATIONAL MEETING OF THE BOARD OF DIRECTORS AND ARE SUBJECT TO VOTE BY A QUORUM OF DIRECTORS PRESENT AT THAT MEETING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | DECISIONS ARE SUBJECT TO APPROVAL BY A QUORUM OF DIRECTORS PRESENT AT A MEETING OF THE BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE BOARD PRESIDENT AND TREASURER REVIEW THE 990 PRIOR TO FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | NO DOCUMENTS AVAILABLE TO THE PUBLIC |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 2, PART III, LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 2, PART III, LINE 4D |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 7B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 19 |
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| IRS990/TotalLiabilitiesEOYAmt | 0 | 643 |
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| IRS990/USAddress/CityNm | 0 | CANASTOTA |
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| IRS990/WebsiteAddressTxt | 0 | NMBDC.COM |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | TODD ROUSE |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3156973120 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-05-08 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | CANASTOTA DEVELOPMENT CORPORATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | CANA |
| ReturnHeader/Filer/EIN | 0 | 161096074 |
| ReturnHeader/Filer/PhoneNum | 0 | 3156973120 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 105 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | CANASTOTA |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 13032 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | false |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 161263579 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | GUSTAFSON & WARGO CPAS LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 3264 SENECA TPKE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | CANASTOTA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 130324505 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3156972345 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-05-08 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | T CHARLES CHAMBERS CPA |
| ReturnHeader/ReturnTs | 0 | 2025-05-12T13:56:33-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-06-30 |
| ReturnHeader/TaxYr | 0 | 2023 |
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