Civic Intelligence

Hornell Industrial Development

EIN 16-1191210 • 501(c)3 • Hornell, NY

Profile

The hornell industrial development corporation was formed for the purpose of encouraging financially sound companies to establish themselves and prosper in the hornell, new york area.

40 Main StreetHornell, NY 14843

www.hornellny.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

51st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE S30 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

53rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE S30 • <$500k nonprofits • Source year 2024

Net Margin

2nd percentile

-4914%

Higher net margin than 2% of similar nonprofits.

NTEE S30 • <$500k nonprofits • Source year 2024

Top Officer Pay

82nd percentile

$0

Higher top officer pay than 82% of similar nonprofits.

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

NTEE S30 • <$500k nonprofits • Source year 2024

Asset Growth

46th percentile

-3.2%

Faster asset growth than 46% of similar nonprofits.

NTEE S30 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

92nd percentile

214%

Faster revenue growth than 92% of similar nonprofits.

NTEE S30 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets51st percentile

Assets

Down

$335,171

Down $11,254 (-3.2%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$335,171

Down $11,254 (-3.2%) from 2023

Operations
Liabilities / Revenue53rd percentileNet Margin2nd percentile

Revenue

Up

$229

Up $156 (+214%) from 2023

Expenses

Down

$11,483

Down $7,563 (-40%) from 2023

Net Income

Up

-$11,254

Up $7,719 (+41%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth46th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2011: $386,456Liabilities 2011: $02011Assets 2012: $370,169Liabilities 2012: $02012Assets 2013: $306,841Liabilities 2013: $02013Assets 2014: $295,299Liabilities 2014: $02014Assets 2015: $284,004Liabilities 2015: $02015Assets 2017: $247,249Liabilities 2017: $02017Assets 2018: $232,911Liabilities 2018: $20,816Net Assets 2018: $212,0952018Assets 2019: $191,636Liabilities 2019: $2,500Net Assets 2019: $189,1362019Assets 2020: $395,152Liabilities 2020: $0Net Assets 2020: $395,1522020Assets 2021: $373,685Liabilities 2021: $0Net Assets 2021: $373,6852021Assets 2022: $365,398Liabilities 2022: $0Net Assets 2022: $365,3982022Assets 2023: $346,425Liabilities 2023: $0Net Assets 2023: $346,4252023Assets 2024: $335,171Liabilities 2024: $0Net Assets 2024: $335,1712024

Highlighted filing

2024

Assets$335,171
Liabilities$0
Net Assets$335,171
Open 2024 Filing

Operations Trend

Revenue Growth92nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $4,534Expenses 2011: $14,436Net Income 2011: -$9,9022011Revenue 2012: $615Expenses 2012: $16,902Net Income 2012: -$16,2872012Revenue 2013: $569Expenses 2013: $63,897Net Income 2013: -$63,3282013Revenue 2014: $559Expenses 2014: $12,101Net Income 2014: -$11,5422014Revenue 2015: $558Expenses 2015: $11,853Net Income 2015: -$11,2952015Revenue 2017: $534Expenses 2017: $25,748Net Income 2017: -$25,2142017Revenue 2018: $1,666Expenses 2018: $37,464Net Income 2018: -$35,7982018Revenue 2019: $2,142Expenses 2019: $25,685Net Income 2019: -$23,5432019Revenue 2020: $251,556Expenses 2020: $45,540Net Income 2020: $206,0162020Revenue 2021: $2,157Expenses 2021: $23,624Net Income 2021: -$21,4672021Revenue 2022: $1,543Expenses 2022: $9,830Net Income 2022: -$8,2872022Revenue 2023: $73Expenses 2023: $19,046Net Income 2023: -$18,9732023Revenue 2024: $229Expenses 2024: $11,483Net Income 2024: -$11,2542024

Highlighted filing

2024

Revenue$229
Expenses$11,483
Net Income-$11,254
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$335,171
Liabilities
$0
Net assets
$335,171
Revenue
$229
Expenses
$11,483
Net income
-$11,254
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.35$0.00$3.35$0.00$0.11$0.11
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.46$0.00$3.46$0.00$0.19$0.19
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.65$0.00$3.65$0.02$0.10$0.08
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.74$0.00$3.74$0.02$0.24$0.21
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.95$0.00$3.95$2.52$0.46$2.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.92$0.03$1.89$0.02$0.26$0.24
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.33$0.21$2.12$0.02$0.37$0.36
2017Summary only. Only limited summary data is available for this year.$2.47$0.00$0.01$0.26$0.25
2015Summary only. Only limited summary data is available for this year.$2.84$0.00$0.01$0.12$0.11
2014Summary only. Only limited summary data is available for this year.$2.95$0.00$0.01$0.12$0.12
2013Summary only. Only limited summary data is available for this year.$3.07$0.00$0.01$0.64$0.63
2012Summary only. Only limited summary data is available for this year.$3.70$0.00$0.01$0.17$0.16
2011Summary only. Only limited summary data is available for this year.$3.86$0.00$0.05$0.14$0.10
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 23, 2025
Return Version
2024v5.2
Gross Receipts
$229
Mission and Program Overview

Mission

The hornell industrial development corporation was formed for the purpose of encouraging financially sound companies to establish themselves and prosper in the hornell, new york area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$100,242$299,244▲ $199,002
Cash and Non-Interest-Bearing Accounts$207,725--
Other Notes and Loans Receivable, Net$38,458$35,927▼ $2,531
Total Assets$346,425$335,171▼ $11,254
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$346,425$335,171▼ $11,254
Total Net Assets Fund Balance$346,425$335,171▼ $11,254
Total Liabilities and Net Assets / Fund Balance$346,425$335,171▼ $11,254
Compensation and Service Providers
Top Officer Pay82nd percentile

Board Members and Trustees

NameTitle
David ParmleyBoard Chairman
John BuckleyVice Chairman
Richard Andolina JrBoard Member
Michael L NisbetCEO
Ed FlaitzCFO, Treasurer
John CarboneSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$229
Other Revenue
$0
Change in Net Assets
$-11,254

Audited Revenue Reconciliation

Revenue per Audited Statements
$0
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,028
Total Revenue per Audited Statements
$1,028
Total Revenue per Form 990
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,483
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$6,250--$6,250
Fees for Services Accounting-$4,750-$4,750
Office Expenses-$483-$483
Total Functional Expenses$6,250$5,233$0$11,483

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$12,511
Expenses per Audited Statements$11,483
Total Expenses per Form 990$11,483
Expenses Not Reported on Form 990$1,028
Expenses Not Reported on Financial Statements$0
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
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A copy of the 990 is present to the board for review prior to filing with the appropriate tax authorities.”

Form 990, Part VI, Section C, Line 19

“Information is available upon request at the organization's office during normal business hours.”

Filing and Contact Details

Filer

Filer Name
Hornell Industrial Development
EIN
16-1191210
Phone
6073240310
Address
40 MAIN STREET, HORNELL, NY 14843

Signing Officer

Name
Michael L Nisbet
Title
CEO
Phone
6073240310
Signed
2025-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael L Nisbet
Formed
1962
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Mengel Metzger Barr & Co Llp
Address
100 CHESTNUT STREET SUITE 1200, ROCHESTER, NY 14604
Preparer
Thomas Zuber
Phone
5854231860
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Professional fees: program service expenses 6,250. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,250.”

FORM 990, PART XII, LINE 2C:

“The board has not changed its process for selecting the independent auditor nor have they changed the oversight of the audit from prior years.”

Financial Statement Notes

PART X, LINE 2:

“The corporation was organized under article xix of the new york state membership corporation's law exclusively for public, charitable, and educational purposes, as are within the meaning of internal revenue code section 501(c)(3). As such the corporation is exempt from federal and state taxes. All applicable tax forms for the corporation have been filed and accepted by the internal revenue service through the year ended december 31, 2023. The tax years ending december 31, 2024, 2023, 2022, 2021 and 2020 are still open to audit for federal and state purposes.”

Raw XML Appendix365 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
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE HORNELL INDUSTRIAL DEVELOPMENT CORPORATION WAS FORMED FOR THE PURPOSE OF ENCOURAGING FINANCIALLY SOUND COMPANIES TO ESTABLISH THEMSELVES AND PROSPER IN THE HORNELL, NEW YORK AREA.
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MICHAEL L NISBET CEO
IRS990/BooksInCareOfDetail/PhoneNum06073240310
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt040 MAIN STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0HORNELL
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd014843
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0207725
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0229
IRS990/CYOtherExpensesAmt011483
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-11254
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt011483
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0229
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0PAYMENTS FOR PROMOTIONAL ACTIVITIES TO HIGHLIGHT ECONOMIC OPPORTUNITIES FOR COMPANIES IN THE HORNELL, NEW YORK AREA.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
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IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
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IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt06250
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt04750
IRS990/FeesForServicesAccountingGrp/TotalAmt04750
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt06250
IRS990/FeesForServicesOtherGrp/TotalAmt06250
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt01.00
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt21.00
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt52.00
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0DAVID PARMLEY
IRS990/Form990PartVIISectionAGrp/PersonNm1ED FLAITZ
IRS990/Form990PartVIISectionAGrp/PersonNm2JOHN CARBONE
IRS990/Form990PartVIISectionAGrp/PersonNm3JOHN BUCKLEY
IRS990/Form990PartVIISectionAGrp/PersonNm4RICHARD ANDOLINA JR
IRS990/Form990PartVIISectionAGrp/PersonNm5MICHAEL L NISBET
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1CFO, TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5CEO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01962
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0229
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt09
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0220
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0229
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
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IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE HORNELL INDUSTRIAL DEVELOPMENT CORPORATION WAS FORMED FOR THE PURPOSE OF ENCOURAGING FINANCIALLY SOUND COMPANIES TO ESTABLISH THEMSELVES AND PROSPER IN THE HORNELL, NEW YORK AREA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
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IRS990/OfficeExpensesGrp/TotalAmt0483
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt038458
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt035927
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MICHAEL L NISBET
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDED 23 HORNELL SMALL BUSINESSES WITH LOANS UP TO $10,000 FOR SHORT-TERM, WORKING CAPITAL NEEDS TO OFFSET LOSSES DUE TO THE COVID-19 CRISIS. LOAN TERMS SHALL BE 180 DAYS NO INTEREST THAN 1% ANNUALIZED INTEREST WITH REPAYMENT OVER THIRTY THREE MONTH.
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0220
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IRS990/RelatedEntityInd01
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0250000
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IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt01716
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt0577
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02157
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IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05558
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/PublicSupportPY170Pct00.97150
IRS990ScheduleA/PublicSupportTotal170Amt0255243
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01028
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0577
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0255243
IRS990ScheduleA/TotalSupportAmt0260801
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt01028
IRS990ScheduleD/DonatedServicesUseFcltsAmt01028
IRS990ScheduleD/ExpensesNotReportedAmt01028
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt011483
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt01028
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION WAS ORGANIZED UNDER ARTICLE XIX OF THE NEW YORK STATE MEMBERSHIP CORPORATION'S LAW EXCLUSIVELY FOR PUBLIC, CHARITABLE, AND EDUCATIONAL PURPOSES, AS ARE WITHIN THE MEANING OF INTERNAL REVENUE CODE SECTION 501(C)(3). AS SUCH THE CORPORATION IS EXEMPT FROM FEDERAL AND STATE TAXES. ALL APPLICABLE TAX FORMS FOR THE CORPORATION HAVE BEEN FILED AND ACCEPTED BY THE INTERNAL REVENUE SERVICE THROUGH THE YEAR ENDED DECEMBER 31, 2023. THE TAX YEARS ENDING DECEMBER 31, 2024, 2023, 2022, 2021 AND 2020 ARE STILL OPEN TO AUDIT FOR FEDERAL AND STATE PURPOSES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt011483
IRS990ScheduleD/TotalRevenuePerForm990Amt00
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01028
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt012511
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE 990 IS PRESENT TO THE BOARD FOR REVIEW PRIOR TO FILING WITH THE APPROPRIATE TAX AUTHORITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INFORMATION IS AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 6,250. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,250.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD HAS NOT CHANGED ITS PROCESS FOR SELECTING THE INDEPENDENT AUDITOR NOR HAVE THEY CHANGED THE OVERSIGHT OF THE AUDIT FROM PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CITY OF HORNELL INDUSTRIAL DEVELOPMENT AGENCY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0GOVERNMENTAL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0INDUSTRIAL DEVELOPMENT IN HORNELL AREA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt040 MAIN STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0HORNELL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd014843
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0DAVID PARMLEY, ED FLAITZ, JOHN CARBONE, JOHN BUCKLEY, AND RICHARD ANDOLINA JR ARE ALSO BOARD MEMBERS OF THE CITY OF HORNELL'S IDA. THEY ARE NOT COMPENSATED BY EITHER ORGANIZATION AND THEIR INVOLVEMENT WITH EITHER BOARD IS ON A VOLUNTEER BASIS. MICHAEL NISBET IS ALSO THE CHIEF EXECUTIVE OFFICER OF THE CITY OF HORNELL'S IDA AND WAS NOT COMPENSATED FOR BEING THE CHIEF EXECUTIVE OFFICER OF THE CITY OF HORNELL'S IDC. HORNELL IDC DID NOT PAY EITHER MR. NISBET OR THE CITY OF HORNELL'S IDA FOR MR. NISBET TO BE THE CHIEF EXECUTIVE OFFICER OF THE HORNELL IDC. HIS INVOLVEMENT IN THE HORNELL IDC IS ON A VOLUNTEER BASIS.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II, LINE 1
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0346425
IRS990/TotalAssetsEOYAmt0335171
IRS990/TotalAssetsGrp/BOYAmt0346425
IRS990/TotalAssetsGrp/EOYAmt0335171
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05233
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06250
IRS990/TotalFunctionalExpensesGrp/TotalAmt011483
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0346425
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0335171
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt06250
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt09
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0220
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0229
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0346425
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0335171
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt040 MAIN STREET
IRS990/USAddress/CityNm0HORNELL
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd014843
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0HTTP://WWW.HORNELLNY.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL L NISBET
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum06073240310
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HORNELL INDUSTRIAL DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0HORN
ReturnHeader/Filer/EIN0161191210
ReturnHeader/Filer/PhoneNum06073240310
ReturnHeader/Filer/USAddress/AddressLine1Txt040 MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0HORNELL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd014843
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0161092347
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MENGEL METZGER BARR & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 CHESTNUT STREET SUITE 1200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROCHESTER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd014604
ReturnHeader/PreparerPersonGrp/PhoneNum05854231860
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS ZUBER
ReturnHeader/ReturnTs02025-10-24T10:37:50-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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