Civic Intelligence

Watertown Local Development

EIN 16-1199439 • 501(c)3 • Watertown, NY

View Organization Page

Profile

Promote employment & economic growth in the watertown, ny area by assisting the financing needs of companies.

The Buck Bldg - 82 Public SquareWatertown, NY 13601

www.watertownldc.com

Siviq Scores

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

Liabilities / Assets

20th percentile

0.03x

Higher debt load relative to assets than 20% of similar nonprofits.

NTEE S • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

57th percentile

0.59x

Higher debt load relative to revenue than 57% of similar nonprofits.

NTEE S • $10M-$25M nonprofits • Source year 2025

Net Margin

69th percentile

29%

Higher net margin than 69% of similar nonprofits.

NTEE S • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

30th percentile

$100,191

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 22.0% of source-year revenue.

NTEE S • $10M-$25M nonprofits • Source year 2025

Asset Growth

50th percentile

3.3%

Faster asset growth than 50% of similar nonprofits.

NTEE S • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

11th percentile

-39%

Faster revenue growth than 11% of similar nonprofits.

NTEE S • $10M-$25M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets20th percentile

Assets

Up

$9,714,987

Up $135,866 (+1.4%) from 2022

Liabilities

Up

$285,822

Up $285,822 from 2022

Net Assets

Down

$9,429,165

Down $149,956 (-1.6%) from 2022

Operations
Liabilities / Revenue57th percentileNet Margin69th percentile

Revenue

Up

$759,545

Up $370,898 (+95%) from 2022

Expenses

Up

$1,060,489

Up $515,837 (+95%) from 2022

Net Income

Down

-$300,944

Down $144,939 (-93%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth50th percentile

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

$15M$10M$5.0M$0Assets 2010: $10,702,486Liabilities 2010: $29Net Assets 2010: $10,702,4572010Assets 2011: $10,593,968Liabilities 2011: $2,048Net Assets 2011: $10,591,9202011Assets 2012: $10,552,856Liabilities 2012: $14,522Net Assets 2012: $10,538,3342012Assets 2013: $10,571,543Liabilities 2013: $3,939Net Assets 2013: $10,567,6042013Assets 2014: $10,668,569Liabilities 2014: $4,530Net Assets 2014: $10,664,0392014Assets 2015: $10,422,580Liabilities 2015: $5,576Net Assets 2015: $10,417,0042015Assets 2016: $10,475,396Liabilities 2016: $13,324Net Assets 2016: $10,462,0722016Assets 2017: $10,517,232Liabilities 2017: $8,006Net Assets 2017: $10,509,2262017Assets 2018: $10,076,641Liabilities 2018: $8,207Net Assets 2018: $10,068,4342018Assets 2019: $10,398,443Liabilities 2019: $43,020Net Assets 2019: $10,355,4232019Assets 2020: $10,372,173Liabilities 2020: $7,720Net Assets 2020: $10,364,4532020Assets 2021: $10,149,008Liabilities 2021: $0Net Assets 2021: $10,149,0082021Assets 2022: $9,579,121Liabilities 2022: $0Net Assets 2022: $9,579,1212022Assets 2023: $9,714,987Liabilities 2023: $285,822Net Assets 2023: $9,429,1652023

Highlighted filing

2023

Assets$9,714,987
Liabilities$285,822
Net Assets$9,429,165
Open 2023 Filing

Operations Trend

Revenue Growth11th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $565,0132010Expenses 2011: $564,8002011Revenue 2012: $478,676Expenses 2012: $570,809Net Income 2012: -$92,1332012Revenue 2013: $436,495Expenses 2013: $368,198Net Income 2013: $68,2972013Revenue 2014: $424,319Expenses 2014: $357,617Net Income 2014: $66,7022014Revenue 2015: $438,608Expenses 2015: $642,191Net Income 2015: -$203,5832015Revenue 2016: $477,285Expenses 2016: $382,700Net Income 2016: $94,5852016Revenue 2017: $458,276Expenses 2017: $479,049Net Income 2017: -$20,7732017Revenue 2018: $490,861Expenses 2018: $781,812Net Income 2018: -$290,9512018Revenue 2019: $500,027Expenses 2019: $455,798Net Income 2019: $44,2292019Revenue 2020: $523,278Expenses 2020: $601,879Net Income 2020: -$78,6012020Revenue 2021: $569,962Expenses 2021: $833,865Net Income 2021: -$263,9032021Revenue 2022: $388,647Expenses 2022: $544,652Net Income 2022: -$156,0052022Revenue 2023: $759,545Expenses 2023: $1,060,489Net Income 2023: -$300,9442023

Highlighted filing

2023

Revenue$759,545
Expenses$1,060,489
Net Income-$300,944
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$9,714,987
Liabilities
$285,822
Net assets
$9,429,165
Revenue
$759,545
Expenses
$1,060,489
Net income
-$300,944
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$9.71$0.29$9.43$0.76$1.06$0.30
2022Summary only. Only limited summary data is available for this year.$9.58$0.00$9.58$0.39$0.54$0.16
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.1$0.00$10.1$0.57$0.83$0.26
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.4$0.01$10.4$0.52$0.60$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.4$0.04$10.4$0.50$0.46$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.1$0.01$10.1$0.49$0.78$0.29
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.5$0.01$10.5$0.46$0.48$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.5$0.01$10.5$0.48$0.38$0.09
2015Detailed filing. Detailed filing data is available for this year.$10.4$0.01$10.4$0.44$0.64$0.20
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.7$0.00$10.7$0.42$0.36$0.07
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.6$0.00$10.6$0.44$0.37$0.07
2012Summary only. Only limited summary data is available for this year.$10.6$0.01$10.5$0.48$0.57$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.6$0.00$10.6$0.56
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.7$0.00$10.7$0.57
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2015 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Feb 29, 2016
Return Version
2015v2.1
Gross Receipts
$1,956,585
Mission and Program Overview

Mission

The organization's mission is to foster an environment of cooperation between the city government, economic development agencies and the private sector with the goal of promoting economic expansion and prosperity in the city of watertown. Moreover, the organization uses financial resources to leverage other investments, with the goal of job creation, retention and elimination of blight.

Promote employment & economic growth in the watertown, ny area by assisting the financing needs of companies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$5,187,539$4,909,819▼ $277,720
Savings and Temporary Cash Investments$3,278,214$3,541,434▲ $263,220
Investments in Publicly Traded Securities$1,433,218$1,366,268▼ $66,950
Cash and Non-Interest-Bearing Accounts$595,286$576,597▼ $18,689
Land, Buildings, and Equipment, Net$6,275$4,239▼ $2,036
Accounts Receivable$1,520$2,759▲ $1,239
Total Assets$10,668,569$10,422,580▼ $245,989
Other Assets Total$166,517$21,464▼ $145,053
Liabilities
Other Liabilities$4,527$5,501▲ $974
Accounts Payable and Accrued Expenses$3$75▲ $72
Total Liabilities$4,530$5,576▲ $1,046
Net Assets / Fund Balance
Unrestricted Net Assets$10,546,843$10,299,808▼ $247,035
Permanently Rstr Net Assets$117,196$117,196→ $0
Total Net Assets Fund Balance$10,664,039$10,417,004▼ $247,035
Total Liabilities and Net Assets / Fund Balance$10,668,569$10,422,580▼ $245,989

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,079$36,851$37,930
Equipment$3,160$17,990$21,150
Compensation and Service Providers
Top Officer Pay30th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Don RutherfordCEOFT$85,904$41,232$127,136

Board Members and Trustees

NameTitle
Jeffrey GrahamPresident
Erika FlintVice President
Donald AlexanderDirector
Kenneth MixDirector
Roanne DermadyDirector
Stephen HuntDirector
Jeffrey FallonTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$298,818
Investment Income
$94,452
Other Revenue
$45,338
Change in Net Assets
$-203,583

Audited Revenue Reconciliation

Revenue per Audited Statements
$438,608
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-43,452
Total Revenue per Audited Statements
$395,156
Total Revenue per Form 990
$438,608
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$414,394
Salaries, Compensation, and Employee Benefits$227,797
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$75,964$75,963-$151,927
Other Employee Benefits$20,629$20,629-$41,258
Fees for Services Legal$40,547$125-$40,672
Pension Plan Contributions$17,306$17,306-$34,612
Occupancy$6,864$6,863-$13,727
Office Expenses$6,788$6,788-$13,576
Other Expenses$5,282$5,281-$10,563
Fees for Services Accounting$3,450$3,450-$6,900
All Other Expenses$3,282$2,506-$5,788
Travel$1,759$1,758-$3,517
Insurance-$3,136-$3,136
Depreciation Depletion-$2,036-$2,036
Advertising$405$404-$809
Total Functional Expenses$495,946$146,245$0$642,191

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$642,191
Total Expenses per Audited Statements$642,191
Total Expenses per Form 990$642,191
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$5,501
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
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 11

“The board reviews the form 990 for completeness and accuracy before filing.”

Form 990, Part VI, Section B, Line 12C

“Potential conflicts of interest monitored by board and management.”

Form 990, Part VI, Section B, Line 15

“Review and approval of compensation made by board.”

Form 990, Part VI, Section C, Line 19

“Governing documents are made available to the public on the organization's website.”

Filing and Contact Details

Filer

Filer Name
Watertown Local Development
EIN
16-1199439
Phone
3157863494
Address
THE BUCK BLDG - 82 PUBLIC SQUARE, WATERTOWN, NY 13601

Signing Officer

Name
Donald Rutherford
Title
CEO
Phone
3157863494
Signed
2016-02-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donald Rutherford
Formed
1981
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
2
Volunteers
0

Preparer

Firm
Bowers & Company Cpas Pllc
Address
1120 COMMERCE PARK DRIVE EAST, WATERTOWN, NY 13601
Preparer
Liz Bush
Phone
3157887690
Supplemental Narrative

Additional Explanations

Form 990, Line 2C

“The oversight process or selection process for the audit has not changed from the prior year.”

Raw XML Appendix393 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/AccountsPayableAccrExpnssGrp/BOYAmt03
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt075
IRS990/AccountsReceivableGrp/BOYAmt01520
IRS990/AccountsReceivableGrp/EOYAmt02759
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROMOTE EMPLOYMENT & ECONOMIC GROWTH IN THE WATERTOWN, NY AREA BY ASSISTING THE FINANCING NEEDS OF COMPANIES.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0404
IRS990/AdvertisingGrp/ProgramServicesAmt0405
IRS990/AdvertisingGrp/TotalAmt0809
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt02506
IRS990/AllOtherExpensesGrp/ProgramServicesAmt03282
IRS990/AllOtherExpensesGrp/TotalAmt05788
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum03157863494
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0THE BUCK BUILDING 82 PUBLIC SQUARE
IRS990/BooksInCareOfDetail/USAddress/CityNm0WATERTOWN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd013601
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
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IRS990/CashNonInterestBearingGrp/BOYAmt0595286
IRS990/CashNonInterestBearingGrp/EOYAmt0576597
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt094452
IRS990/CYOtherExpensesAmt0414394
IRS990/CYOtherRevenueAmt045338
IRS990/CYProgramServiceRevenueAmt0298818
IRS990/CYRevenuesLessExpensesAmt0-203583
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IRS990/CYTotalExpensesAmt0642191
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0438608
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt02036
IRS990/DepreciationDepletionGrp/TotalAmt02036
IRS990/Desc0LOCAL DEVELOPMENT PROGRAM TO RELIEVE AND REDUCE UNEMPLOYMENT, PROMOTE ADDITIONAL EMPLOYMENT OPPORTUNITIES, AND INSTRUCT AND TRAIN INDIVIDUALS THROUGH LOANS/GRANTS TO AREA BUSINESSES.
IRS990/DescribedInSection501c3Ind01
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IRS990/EmployeeCnt02
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IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
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IRS990/FeesForServicesAccountingGrp/TotalAmt06900
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0125
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IRS990/ForeignActivitiesInd00
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.00
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt741232
IRS990/Form990PartVIISectionAGrp/PersonNm0JEFFREY GRAHAM
IRS990/Form990PartVIISectionAGrp/PersonNm1JEFFREY FALLON
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IRS990/Form990PartVIISectionAGrp/PersonNm3ROANNE DERMADY
IRS990/Form990PartVIISectionAGrp/PersonNm4KENNETH MIX
IRS990/Form990PartVIISectionAGrp/PersonNm5DONALD ALEXANDER
IRS990/Form990PartVIISectionAGrp/PersonNm6STEPHEN HUNT
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7CEO
IRS990/Form990ProvidedToGvrnBodyInd01
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IRS990/FSAuditedInd01
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IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
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IRS990/MembersOrStockholdersInd00
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IRS990/MissionDesc0PROMOTE EMPLOYMENT & ECONOMIC GROWTH IN THE WATERTOWN, NY AREA BY ASSISTING THE FINANCING NEEDS OF COMPANIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt010417004
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-15390
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IRS990/OfficerMailingAddressInd00
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt041258
IRS990/OtherExpensesGrp/Desc0FACADE PROGRAM
IRS990/OtherExpensesGrp/Desc1FRANKLIN PROGRAM
IRS990/OtherExpensesGrp/Desc2BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05281
IRS990/OtherExpensesGrp/ProgramServicesAmt0216000
IRS990/OtherExpensesGrp/ProgramServicesAmt162167
IRS990/OtherExpensesGrp/ProgramServicesAmt235503
IRS990/OtherExpensesGrp/ProgramServicesAmt35282
IRS990/OtherExpensesGrp/TotalAmt0216000
IRS990/OtherExpensesGrp/TotalAmt162167
IRS990/OtherExpensesGrp/TotalAmt235503
IRS990/OtherExpensesGrp/TotalAmt310563
IRS990/OtherLiabilitiesGrp/BOYAmt04527
IRS990/OtherLiabilitiesGrp/EOYAmt05501
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0BAD DEBT RECOVERY
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt032638
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt112700
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt032638
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt112700
IRS990/OtherRevenueTotalAmt045338
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt075963
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt075964
IRS990/OtherSalariesAndWagesGrp/TotalAmt0151927
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt05187539
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt04909819
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt017306
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt017306
IRS990/PensionPlanContributionsGrp/TotalAmt034612
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0117196
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0117196
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DONALD RUTHERFORD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME - FRANKLIN BUIL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0224606
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt174212
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0224606
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt174212
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt075199
IRS990/PYOtherExpensesAmt0135114
IRS990/PYOtherRevenueAmt037554
IRS990/PYProgramServiceRevenueAmt0311566
IRS990/PYRevenuesLessExpensesAmt066702
IRS990/PYSalariesCompEmpBnftPaidAmt0222503
IRS990/PYTotalExpensesAmt0357617
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0424319
IRS990/ReconcilationRevenueExpnssAmt0-203583
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0224606
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03278214
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03541434
IRS990ScheduleA/GovernmentalUnitInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt03160
IRS990ScheduleD/EquipmentGrp/DepreciationAmt017990
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt021150
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0642191
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01079
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt036851
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt037930
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-43452
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05501
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt0-43452
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0438608
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04239
IRS990ScheduleD/TotalExpensesPerForm990Amt0642191
IRS990ScheduleD/TotalLiabilityAmt05501
IRS990ScheduleD/TotalRevenuePerForm990Amt0438608
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0395156
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0642191
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD REVIEWS THE FORM 990 FOR COMPLETENESS AND ACCURACY BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1POTENTIAL CONFLICTS OF INTEREST MONITORED BY BOARD AND MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEW AND APPROVAL OF COMPENSATION MADE BY BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE OVERSIGHT PROCESS OR SELECTION PROCESS FOR THE AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt010668569
IRS990/TotalAssetsEOYAmt010422580
IRS990/TotalAssetsGrp/BOYAmt010668569
IRS990/TotalAssetsGrp/EOYAmt010422580
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0146245
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0495946
IRS990/TotalFunctionalExpensesGrp/TotalAmt0642191
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04530
IRS990/TotalLiabilitiesEOYAmt05576
IRS990/TotalLiabilitiesGrp/BOYAmt04530
IRS990/TotalLiabilitiesGrp/EOYAmt05576
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010664039
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt010417004
IRS990/TotalOtherCompensationAmt041232
IRS990/TotalProgramServiceExpensesAmt0495946
IRS990/TotalProgramServiceRevenueAmt0298818
IRS990/TotalReportableCompFromOrgAmt085904
IRS990/TotalRevenueGrp/ExclusionAmt094452
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0344156
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0438608
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt010668569
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010422580
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt01758
IRS990/TravelGrp/ProgramServicesAmt01759
IRS990/TravelGrp/TotalAmt03517
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt010546843
IRS990/UnrestrictedNetAssetsGrp/EOYAmt010299808
IRS990/USAddress/AddressLine1Txt0THE BUCK BUILDING 82 PUBLIC SQUARE
IRS990/USAddress/CityNm0WATERTOWN
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd013601
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.WATERTOWNLDC.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DONALD RUTHERFORD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum03157863494
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-02-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WATERTOWN LOCAL DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0WATE
ReturnHeader/Filer/EIN0161199439
ReturnHeader/Filer/PhoneNum03157863494
ReturnHeader/Filer/USAddress/AddressLine1Txt0THE BUCK BLDG - 82 PUBLIC SQUARE
ReturnHeader/Filer/USAddress/CityNm0WATERTOWN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd013601
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0201317788
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BOWERS & COMPANY CPAS PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01120 COMMERCE PARK DRIVE EAST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WATERTOWN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd013601
ReturnHeader/PreparerPersonGrp/PhoneNum03157887690
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LIZ BUSH
ReturnHeader/ReturnTs02016-03-02T18:06:19-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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