Civic Intelligence

Watertown Local Development Corporation

990 • Fiscal year 2024 • EIN 16-1199439

Jan 01, 2024 to Dec 31, 2024 • Filed on Mar 28, 2025

Organization ProfileWWW.WATERTOWNLDC.COM

View Organization Page

259 Jb Wise Place 100Watertown, NY 13601

(315) 786-3494

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

17th percentile

0.03x

Higher debt load relative to assets than 17% of similar nonprofits.

2024 filings • NTEE S • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

42nd percentile

0.37x

Higher debt load relative to revenue than 42% of similar nonprofits.

2024 filings • NTEE S • $10M-$25M nonprofits • Source year 2024

Net Margin

81st percentile

54%

Higher net margin than 81% of similar nonprofits.

2024 filings • NTEE S • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

31st percentile

$83,886

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 11.2% of source-year revenue.

2024 filings • NTEE S • $10M-$25M nonprofits • Source year 2024

Asset Growth

57th percentile

5.5%

Faster asset growth than 57% of similar nonprofits.

2024 filings • NTEE S • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

35th percentile

-1.6%

Faster revenue growth than 35% of similar nonprofits.

2024 filings • NTEE S • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$10,247,172

Up $532,185 (+5.5%) from 2023

Net Assets

Up

$9,973,476

Up $544,311 (+5.8%) from 2023

Liabilities

Down

$273,696

Down $12,126 (-4.2%) from 2023

Revenue And Expenses
Liabilities / Revenue42nd percentileNet Margin81st percentile

Revenue

Down

$747,698

Down $11,847 (-1.6%) from 2023

Expenses

Down

$347,124

Down $713,365 (-67%) from 2023

Net Income

Up

$400,574

Up $701,518 (+233%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth57th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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: $9,429,1652023Assets 2024: $10,247,172Liabilities 2024: $273,696Net Assets 2024: $9,973,4762024

Highlighted filing

2024

Assets$10,247,172
Liabilities$273,696
Net Assets$9,973,476
Open 2024 Filing

Operations Trend

Revenue Growth35th percentile

Revenue, expenses, and net income across loaded years, with this 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: -$300,9442023Revenue 2024: $747,698Expenses 2024: $347,124Net Income 2024: $400,5742024

Highlighted filing

2024

Revenue$747,698
Expenses$347,124
Net Income$400,574
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 28, 2025
Return Version
2024v5.1
Gross Receipts
$2,189,695
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$5,386,336$5,709,593▲ $323,257
Investments in Publicly Traded Securities$2,176,602$2,349,990▲ $173,388
Savings and Temporary Cash Investments$1,583,134$1,724,532▲ $141,398
Cash and Non-Interest-Bearing Accounts$275,786$174,835▼ $100,951
Land, Buildings, and Equipment, Net$0$4,470▲ $4,470
Accounts Receivable-$11-
Total Assets$9,714,987$10,247,172▲ $532,185
Other Assets Total$293,129$283,741▼ $9,388
Liabilities
Other Liabilities$284,538$273,696▼ $10,842
Accounts Payable and Accrued Expenses$1,284--
Total Liabilities$285,822$273,696▼ $12,126
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,429,165$9,973,476▲ $544,311
Total Net Assets Fund Balance$9,429,165$9,973,476▲ $544,311
Total Liabilities and Net Assets / Fund Balance$9,714,987$10,247,172▲ $532,185

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,470$1,603$6,073
Compensation and Service Providers
Top Officer Pay31st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Don RutherfordCEO (former)FT$62,273$21,613$83,886
Kylee McgrathCEOFT$71,907$10,810$82,717
Joy NufferCFOFT$36,123$22,903$59,026

Board Members and Trustees

NameTitle
Sarah Compo PiercePresident
Marshall WeirVice President
Christina GrimshawDirector
Dawn ColeDirector
Michael LumbisDirector
Stephen HuntDirector
Michael PierceTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$274,878
Investment Income
$171,345
Other Revenue
$301,475
Change in Net Assets
$400,574

Audited Revenue Reconciliation

Revenue per Audited Statements
$494,512
Revenue Not Reported on Financial Statements
$253,186
Revenue Not Reported on Form 990
$143,737
Other Revenue Adjustments
$253,186
Total Revenue per Audited Statements
$638,249
Total Revenue per Form 990
$747,698
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$245,604
Other Expenses$101,520
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$141,307$35,327-$176,634
Other Employee Benefits$23,982$5,995-$29,977
Pension Plan Contributions$19,388$4,847-$24,235
Occupancy$18,562$4,641-$23,203
Office Expenses$17,466$4,366-$21,832
Fees for Services Accounting-$17,942-$17,942
Payroll Taxes$11,806$2,952-$14,758
Fees for Services Legal$5,664--$5,664
Travel$3,551$610-$4,161
Insurance-$3,415-$3,415
Advertising$3,065--$3,065
Fees for Services Other$1,445--$1,445
Other Expenses$1,268$590-$590
Depreciation Depletion$339$85-$424
Total Functional Expenses$263,426$83,698$0$347,124

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$347,124
Total Expenses per Form 990$347,124
Total Expenses per Audited Statements$93,938
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-253,186
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
Right of Use Asset Operating Lease$273,696
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
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 11B

“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
259 JB WISE PLACE 100, WATERTOWN, NY 13601

Signing Officer

Name
Kylee Mcgrath
Title
CEO
Phone
3157863494
Signed
2025-03-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kylee Mcgrath
Formed
1981
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
3
Volunteers
0

Preparer

Firm
Bowers & Company Cpas Pllc
Address
1120 COMMERCE PARK DRIVE EAST, WATERTOWN, NY 13601
Preparer
Elizabeth 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.”

Financial Statement Notes

PART X, LINE 2:

“Based on its analysis, the organization determined that there were no uncertain tax positions and that the organization should prevail upon examination by the taxing authorities.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Credit recoveries 253,186.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Credit recoveries -253,186.”

Raw XML AppendixShowing 400 of 416 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.

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IRS990/OtherEmployeeBenefitsGrp/TotalAmt029977
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc1JANITORIAL EXPENSE
IRS990/OtherExpensesGrp/Desc2FILING FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02611
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1317
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2590
IRS990/OtherExpensesGrp/ProgramServicesAmt015583
IRS990/OtherExpensesGrp/ProgramServicesAmt11268
IRS990/OtherExpensesGrp/TotalAmt018194
IRS990/OtherExpensesGrp/TotalAmt11585
IRS990/OtherExpensesGrp/TotalAmt2590
IRS990/OtherLiabilitiesGrp/BOYAmt0284538
IRS990/OtherLiabilitiesGrp/EOYAmt0273696
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0CREDIT RECOVERIES
IRS990/OtherRevenueMiscGrp/Desc1BAD DEBT RECOVERY
IRS990/OtherRevenueMiscGrp/Desc2MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0253186
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt139367
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt28922
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0253186
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt139367
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt28922
IRS990/OtherRevenueTotalAmt0301475
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt05386336
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt05709593
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02952
IRS990/PayrollTaxesGrp/ProgramServicesAmt011806
IRS990/PayrollTaxesGrp/TotalAmt014758
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04847
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt019388
IRS990/PensionPlanContributionsGrp/TotalAmt024235
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0KYLEE MCGRATH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0274878
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0274878
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0379290
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0405472
IRS990/PYInvestmentIncomeAmt0111499
IRS990/PYOtherExpensesAmt0409016
IRS990/PYOtherRevenueAmt046218
IRS990/PYProgramServiceRevenueAmt0222538
IRS990/PYRevenuesLessExpensesAmt0-300944
IRS990/PYSalariesCompEmpBnftPaidAmt0246001
IRS990/PYTotalExpensesAmt01060489
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0759545
IRS990/ReconcilationRevenueExpnssAmt0400574
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0684299
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01583134
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01724532
IRS990ScheduleA/GovernmentalUnitInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt04470
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01603
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06073
IRS990ScheduleD/ExpensesNotReportedAmt0-253186
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0347124
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0143737
IRS990ScheduleD/OtherExpensesIncludedAmt0-253186
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0273696
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RIGHT OF USE ASSET OPERATING LEASE
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0253186
IRS990ScheduleD/RevenueNotReportedAmt0143737
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0253186
IRS990ScheduleD/RevenueSubtotalAmt0494512
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BASED ON ITS ANALYSIS, THE ORGANIZATION DETERMINED THAT THERE WERE NO UNCERTAIN TAX POSITIONS AND THAT THE ORGANIZATION SHOULD PREVAIL UPON EXAMINATION BY THE TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CREDIT RECOVERIES 253,186.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2CREDIT RECOVERIES -253,186.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04470
IRS990ScheduleD/TotalExpensesPerForm990Amt0347124
IRS990ScheduleD/TotalLiabilityAmt0273696
IRS990ScheduleD/TotalRevenuePerForm990Amt0747698
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0638249
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt093938
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 11B
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt09714987
IRS990/TotalAssetsEOYAmt010247172
IRS990/TotalAssetsGrp/BOYAmt09714987
IRS990/TotalAssetsGrp/EOYAmt010247172
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt083698
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0263426
IRS990/TotalFunctionalExpensesGrp/TotalAmt0347124
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0285822
IRS990/TotalLiabilitiesEOYAmt0273696
IRS990/TotalLiabilitiesGrp/BOYAmt0285822
IRS990/TotalLiabilitiesGrp/EOYAmt0273696
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09429165
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09973476
IRS990/TotalOtherCompensationAmt055326
IRS990/TotalProgramServiceExpensesAmt0263426
IRS990/TotalProgramServiceRevenueAmt0274878
IRS990/TotalReportableCompFromOrgAmt0170303
IRS990/TotalRevenueGrp/ExclusionAmt063399
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0684299
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0747698
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09714987
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010247172
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0610
IRS990/TravelGrp/ProgramServicesAmt03551
IRS990/TravelGrp/TotalAmt04161
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/USAddress/AddressLine1Txt0259 JB WISE PLACE SUITE 100
IRS990/USAddress/CityNm0WATERTOWN
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd013601
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.WATERTOWNLDC.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KYLEE MCGRATH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum03157863494
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WATERTOWN LOCAL DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0WATE
ReturnHeader/Filer/EIN0161199439
ReturnHeader/Filer/PhoneNum03157863494
ReturnHeader/Filer/USAddress/AddressLine1Txt0259 JB WISE PLACE 100
ReturnHeader/Filer/USAddress/CityNm0WATERTOWN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$10,247,172
Liabilities
$273,696
Net assets
$9,973,476
Revenue
$747,698
Expenses
$347,124
Net income
$400,574
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.2$0.27$9.97$0.75$0.35$0.40
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