Civic Intelligence

Albany County Business Development Corp

EIN 16-1530930 • 501(c)4 • Albany, NY

Profile

To support a viable, sustainable economic eco-system in the County of Albany by providing low interest commercial loans through the Al Tech Loan Fund to small and medium size businesses that are expected to create employment opportunities and/or expand the commercial real estate tax base.

111 Washington Avenue 100Albany, NY 12210

n/A

Siviq Scores

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

Liabilities / Assets

10th percentile

0.01x

Higher debt load relative to assets than 10% of similar nonprofits.

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

Liabilities / Revenue

29th percentile

0.20x

Higher debt load relative to revenue than 29% of similar nonprofits.

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

Net Margin

74th percentile

41%

Higher net margin than 74% of similar nonprofits.

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

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

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

Asset Growth

45th percentile

1.8%

Faster asset growth than 45% of similar nonprofits.

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

Revenue Growth

70th percentile

15%

Faster revenue growth than 70% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets10th percentile

Assets

Up

$20,235,724

Up $363,279 (+1.8%) from 2023

Liabilities

Up

$144,987

Up $57,799 (+66%) from 2023

Net Assets

Up

$20,090,737

Up $305,480 (+1.5%) from 2023

Operations
Liabilities / Revenue29th percentileNet Margin74th percentile

Revenue

Up

$742,603

Up $95,995 (+15%) from 2023

Expenses

Up

$437,123

Up $53,693 (+14%) from 2023

Net Income

Up

$305,480

Up $42,302 (+16%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth45th percentile

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

$30M$20M$10M$0Assets 2011: $18,375,859Liabilities 2011: $51,741Net Assets 2011: $18,324,1182011Assets 2012: $18,616,778Liabilities 2012: $65,935Net Assets 2012: $18,550,8432012Assets 2013: $18,747,767Liabilities 2013: $60,897Net Assets 2013: $18,686,8702013Assets 2014: $18,819,338Liabilities 2014: $70,884Net Assets 2014: $18,748,4542014Assets 2015: $18,386,720Liabilities 2015: $64,478Net Assets 2015: $18,322,2422015Assets 2016: $18,292,401Liabilities 2016: $67,926Net Assets 2016: $18,224,4752016Assets 2017: $18,617,657Liabilities 2017: $60,218Net Assets 2017: $18,557,4392017Assets 2018: $18,797,439Liabilities 2018: $65,970Net Assets 2018: $18,731,4692018Assets 2019: $18,925,300Liabilities 2019: $59,741Net Assets 2019: $18,865,5592019Assets 2020: $21,945,421Liabilities 2020: $117,555Net Assets 2020: $21,827,8662020Assets 2021: $19,525,961Liabilities 2021: $135,643Net Assets 2021: $19,390,3182021Assets 2022: $19,622,363Liabilities 2022: $49,404Net Assets 2022: $19,572,9592022Assets 2023: $19,872,445Liabilities 2023: $87,188Net Assets 2023: $19,785,2572023Assets 2024: $20,235,724Liabilities 2024: $144,987Net Assets 2024: $20,090,7372024

Highlighted filing

2024

Assets$20,235,724
Liabilities$144,987
Net Assets$20,090,737
Open 2024 Filing

Operations Trend

Revenue Growth70th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $605,817Expenses 2011: $437,450Net Income 2011: $168,3672011Revenue 2012: $483,982Expenses 2012: $257,257Net Income 2012: $226,7252012Revenue 2013: $451,897Expenses 2013: $315,870Net Income 2013: $136,0272013Revenue 2014: $345,448Expenses 2014: $283,864Net Income 2014: $61,5842014Revenue 2015: $254,779Expenses 2015: $680,991Net Income 2015: -$426,2122015Revenue 2016: $348,420Expenses 2016: $446,187Net Income 2016: -$97,7672016Revenue 2017: $563,996Expenses 2017: $231,032Net Income 2017: $332,9642017Revenue 2018: $397,113Expenses 2018: $223,083Net Income 2018: $174,0302018Revenue 2019: $435,069Expenses 2019: $300,979Net Income 2019: $134,0902019Revenue 2020: $3,305,420Expenses 2020: $343,113Net Income 2020: $2,962,3072020Revenue 2021: $2,457,768Expenses 2021: $352,509Net Income 2021: $2,105,2592021Revenue 2022: $383,334Expenses 2022: $200,693Net Income 2022: $182,6412022Revenue 2023: $646,608Expenses 2023: $383,430Net Income 2023: $263,1782023Revenue 2024: $742,603Expenses 2024: $437,123Net Income 2024: $305,4802024

Highlighted filing

2024

Revenue$742,603
Expenses$437,123
Net Income$305,480
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$20,235,724
Liabilities
$144,987
Net assets
$20,090,737
Revenue
$742,603
Expenses
$437,123
Net income
$305,480
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$20.2$0.14$20.1$0.74$0.44$0.31
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.9$0.09$19.8$0.65$0.38$0.26
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.6$0.05$19.6$0.38$0.20$0.18
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.5$0.14$19.4$2.46$0.35$2.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.9$0.12$21.8$3.31$0.34$2.96
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.9$0.06$18.9$0.44$0.30$0.13
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.8$0.07$18.7$0.40$0.22$0.17
2017Detailed filing. Detailed filing data is available for this year.$18.6$0.06$18.6$0.56$0.23$0.33
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.3$0.07$18.2$0.35$0.45$0.10
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.4$0.06$18.3$0.25$0.68$0.43
2014Detailed filing. Detailed filing data is available for this year.$18.8$0.07$18.7$0.35$0.28$0.06
2013Detailed filing. Detailed filing data is available for this year.$18.7$0.06$18.7$0.45$0.32$0.14
2012Summary only. Only limited summary data is available for this year.$18.6$0.07$18.6$0.48$0.26$0.23
2011Summary only. Only limited summary data is available for this year.$18.4$0.05$18.3$0.61$0.44$0.17
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 7, 2025
Return Version
2024v5.2
Gross Receipts
$742,603
Mission and Program Overview

Mission

To support a viable, sustainable economic eco-system in the county of albany by providing low interest commercial loans through the al tech loan fund to small and medium size businesses that are expected to create employment opportunities and/or expand the commercial real estate tax base.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$10,267,276$10,369,516▲ $102,240
Investments Other Securities$5,104,385$7,384,845▲ $2,280,460
Savings and Temporary Cash Investments$4,477,105$2,457,240▼ $2,019,865
Cash and Non-Interest-Bearing Accounts$23,679$24,123▲ $444
Total Assets$19,872,445$20,235,724▲ $363,279
Liabilities
Accounts Payable and Accrued Expenses$87,188$144,937▲ $57,749
Deferred Revenue-$50-
Total Liabilities$87,188$144,987▲ $57,799
Net Assets / Fund Balance
Net Assets With Donor Restrictions$19,611,029$19,633,007▲ $21,978
Net Assets Without Donor Restrictions$174,228$457,730▲ $283,502
Total Net Assets Fund Balance$19,785,257$20,090,737▲ $305,480
Total Liabilities and Net Assets / Fund Balance$19,872,445$20,235,724▲ $363,279

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,999,460--
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
Jeffery StoneChairman
CAITLIN O'BRIENEx-officio
Lucas RogersEx-officio
Allen MaikelsMember
Dan ScaringMember
Marcus Q PryorMember
Susan PedoMember
Diana OstroffSecretary
Alan AlexanderTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$330,745
Investment Income
$411,858
Other Revenue
$0
Change in Net Assets
$305,480

Audited Revenue Reconciliation

Revenue per Audited Statements
$742,603
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$742,603
Total Revenue per Form 990
$742,603
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$437,123
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
Other Expenses$1,352$54,567-$1,352
Total Functional Expenses$344,436$92,687$0$437,123

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$437,123
Total Expenses per Audited Statements$437,123
Total Expenses per Form 990$437,123
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Advance albany county alliance local development corporation provides administrative services for the corporation during the year, in which the corporation pays a management fee to.”

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

“The audit committee reviews and approves the form 990. Upon approval, the entire board is made aware that the 990 is available for review and a copy is provided as requested.”

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

“Conflicts of interest are reviewed on an annual basis. New members affirm policy, while continuing members reaffirm policy.”

Form 990, Part VI, Section C, Line 19

“The documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Albany County Business Development Corp
EIN
16-1530930
Phone
5184475602
Address
111 WASHINGTON AVENUE 100, ALBANY, NY 12210

Signing Officer

Name
Amy Thompson
Title
Chief Financial Officer
Phone
5184475602
Signed
2025-08-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amy Thompson
Formed
1994
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
9

Preparer

Firm
Bonadio & Co Llp
Address
6 WEMBLEY CT, ALBANY, NY 12205
Preparer
Kevin Testo
Phone
5184644080
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

“No changes from prior year”

Raw XML Appendix348 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/BOYAmt087188
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0144937
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO SUPPORT A VIABLE, SUSTAINABLE ECONOMIC ECO-SYSTEM IN THE COUNTY OF ALBANY BY PROVIDING LOW INTEREST COMMERCIAL LOANS THROUGH THE AL TECH LOAN FUND TO SMALL AND MEDIUM SIZE BUSINESSES THAT ARE EXPECTED TO CREATE EMPLOYMENT OPPORTUNITIES AND/OR EXPAND THE COMMERCIAL REAL ESTATE TAX BASE.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0AMY THOMPSON
IRS990/BooksInCareOfDetail/PhoneNum05189375254
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0111 WASHINGTON AVENUE SUITE 100
IRS990/BooksInCareOfDetail/USAddress/CityNm0ALBANY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd012210
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
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IRS990/CashNonInterestBearingGrp/BOYAmt023679
IRS990/CashNonInterestBearingGrp/EOYAmt024123
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
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IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0411858
IRS990/CYOtherExpensesAmt0437123
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0330745
IRS990/CYRevenuesLessExpensesAmt0305480
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0437123
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IRS990/CYTotalRevenueAmt0742603
IRS990/DecisionsSubjectToApprovaInd00
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IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/EOYAmt050
IRS990/DelegationOfMgmtDutiesInd01
IRS990/Desc0LENDING - PROVIDE LOW INTEREST COMMERCIAL LOANS TO SMALL AND MEDIUM SIZE BUSINESSES IN AN EFFORT TO CREATE A VIABLE, SUSTAINABLE ECONOMIC ECO-SYSTEM WITHIN THE SERVICE AREA THROUGH THE CREATION OF JOBS.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
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IRS990/DonorRestrictionNetAssetsGrp/EOYAmt019633007
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0344436
IRS990/FamilyOrBusinessRlnInd00
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IRS990/ForeignActivitiesInd00
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0SUSAN PEDO
IRS990/Form990PartVIISectionAGrp/PersonNm1CAITLIN O'BRIEN
IRS990/Form990PartVIISectionAGrp/PersonNm2MARCUS Q PRYOR
IRS990/Form990PartVIISectionAGrp/PersonNm3ALLEN MAIKELS
IRS990/Form990PartVIISectionAGrp/PersonNm4LUCAS ROGERS
IRS990/Form990PartVIISectionAGrp/PersonNm5DIANA OSTROFF
IRS990/Form990PartVIISectionAGrp/PersonNm6JEFFERY STONE
IRS990/Form990PartVIISectionAGrp/PersonNm7ALAN ALEXANDER
IRS990/Form990PartVIISectionAGrp/PersonNm8DAN SCARING
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
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IRS990/Form990PartVIISectionAGrp/TitleTxt0MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
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IRS990/FSAuditedInd01
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
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IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
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IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt05104385
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IRS990/IRPDocumentCnt00
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IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
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IRS990/MissionDesc0TO SUPPORT A VIABLE, SUSTAINABLE ECONOMIC ECO-SYSTEM IN THE COUNTY OF ALBANY BY PROVIDING LOW INTEREST COMMERCIAL LOANS THROUGH THE AL TECH LOAN FUND TO SMALL AND MEDIUM SIZE BUSINESSES THAT ARE EXPECTED TO CREATE EMPLOYMENT OPPORTUNITIES AND/OR EXPAND THE COMMERCIAL REAL ESTATE TAX BASE.
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IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherExpensesGrp/Desc0AGENCY FEES
IRS990/OtherExpensesGrp/Desc1SHOVEL READY SITE DEVEL
IRS990/OtherExpensesGrp/Desc2CREDIT LOSS EXPENSE
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IRS990/OtherExpensesGrp/ProgramServicesAmt11352
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IRS990/OtherExpensesGrp/TotalAmt21352
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IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0AMY THOMPSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc1LOAN APPLICATION FEES
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0328245
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12500
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0646608
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0305480
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0330745
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04477105
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02457240
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0437123
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt02672645
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt12682707
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt230033
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt31999460
IRS990ScheduleD/OtherSecuritiesGrp/Desc0US T-BILL 6-MONTH
IRS990ScheduleD/OtherSecuritiesGrp/Desc1US T-BILL 1-YEAR
IRS990ScheduleD/OtherSecuritiesGrp/Desc2ACCRUED INVESTMENT ON TREASURIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc3US T-BILL 6-MONTH
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0742603
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt07384845
IRS990ScheduleD/TotalExpensesPerForm990Amt0437123
IRS990ScheduleD/TotalRevenuePerForm990Amt0742603
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0742603
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0437123
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ADVANCE ALBANY COUNTY ALLIANCE LOCAL DEVELOPMENT CORPORATION PROVIDES ADMINISTRATIVE SERVICES FOR THE CORPORATION DURING THE YEAR, IN WHICH THE CORPORATION PAYS A MANAGEMENT FEE TO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE AUDIT COMMITTEE REVIEWS AND APPROVES THE FORM 990. UPON APPROVAL, THE ENTIRE BOARD IS MADE AWARE THAT THE 990 IS AVAILABLE FOR REVIEW AND A COPY IS PROVIDED AS REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICTS OF INTEREST ARE REVIEWED ON AN ANNUAL BASIS. NEW MEMBERS AFFIRM POLICY, WHILE CONTINUING MEMBERS REAFFIRM POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO CHANGES FROM PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt019872445
IRS990/TotalAssetsEOYAmt020235724
IRS990/TotalAssetsGrp/BOYAmt019872445
IRS990/TotalAssetsGrp/EOYAmt020235724
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt092687
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0344436
IRS990/TotalFunctionalExpensesGrp/TotalAmt0437123
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt087188
IRS990/TotalLiabilitiesEOYAmt0144987
IRS990/TotalLiabilitiesGrp/BOYAmt087188
IRS990/TotalLiabilitiesGrp/EOYAmt0144987
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt019785257
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt020090737
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0344436
IRS990/TotalProgramServiceRevenueAmt0330745
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0411858
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0330745
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0742603
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt019872445
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt020235724
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0111 WASHINGTON AVE
IRS990/USAddress/CityNm0ALBANY
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd012210
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0AMY THOMPSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHIEF FINANCIAL OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum05184475602
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALBANY COUNTY BUSINESS DEVELOPMENT CORP
ReturnHeader/Filer/BusinessNameControlTxt0ALBA
ReturnHeader/Filer/EIN0161530930
ReturnHeader/Filer/PhoneNum05184475602
ReturnHeader/Filer/USAddress/AddressLine1Txt0111 WASHINGTON AVENUE 100
ReturnHeader/Filer/USAddress/CityNm0ALBANY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd012210
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0161131146
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BONADIO & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06 WEMBLEY CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALBANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd012205
ReturnHeader/PreparerPersonGrp/PhoneNum05184644080
ReturnHeader/PreparerPersonGrp/PreparationDt02025-08-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KEVIN TESTO
ReturnHeader/ReturnTs02025-08-07T12:39:24-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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