Civic Intelligence

Carthage Industrial Development Corporation

990 • Fiscal year 2022 • EIN 16-1556274

Jan 01, 2022 to Dec 31, 2022 • Filed on Feb 14, 2023

Organization ProfileVILLAGEOFCARTHAGENY.COM/CIDC
414 State StreetCarthage, NY 13619

(315) 493-2771

Siviq Scores

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

Liabilities / Assets

11th percentile

0.00x

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

2022 filings • NTEE S • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

10th percentile

0.00x

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

2022 filings • NTEE S • $1M-$5M nonprofits • Source year 2022

Net Margin

85th percentile

46%

Higher net margin than 85% of similar nonprofits.

2022 filings • NTEE S • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

32nd percentile

$0

Higher top officer pay than 32% of similar nonprofits.

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

2022 filings • NTEE S • $1M-$5M nonprofits • Source year 2022

Asset Growth

50th percentile

2.5%

Faster asset growth than 50% of similar nonprofits.

2022 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

92nd percentile

144%

Faster revenue growth than 92% of similar nonprofits.

2022 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets11th percentile

Assets

Up

$4,188,152

Up $103,080 (+2.5%) from 2021

Net Assets

Up

$4,188,152

Up $111,413 (+2.7%) from 2021

Liabilities

Down

$0

Down $8,333 (-100%) from 2021

Revenue And Expenses
Liabilities / Revenue10th percentileNet Margin85th percentile

Revenue

Up

$240,295

Up $141,849 (+144%) from 2021

Expenses

Down

$128,882

Down $12,229 (-8.7%) from 2021

Net Income

Up

$111,413

Up $154,078 (+361%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth50th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $7,591,935Liabilities 2010: $244,988Net Assets 2010: $7,346,9472010Assets 2011: $7,747,077Liabilities 2011: $269,239Net Assets 2011: $7,477,8382011Assets 2012: $7,398,733Liabilities 2012: $140,870Net Assets 2012: $7,257,8632012Assets 2013: $7,447,907Liabilities 2013: $96,543Net Assets 2013: $7,351,3642013Assets 2014: $7,708,985Liabilities 2014: $74,003Net Assets 2014: $7,634,9822014Assets 2015: $7,715,228Liabilities 2015: $40,089Net Assets 2015: $7,675,1392015Assets 2016: $7,574,463Liabilities 2016: $28,275Net Assets 2016: $7,546,1882016Assets 2017: $6,973,455Liabilities 2017: $74,010Net Assets 2017: $6,899,4452017Assets 2018: $6,849,934Liabilities 2018: $3,745Net Assets 2018: $6,846,1892018Assets 2019: $6,832,041Liabilities 2019: $3,745Net Assets 2019: $6,828,2962019Assets 2020: $4,136,070Liabilities 2020: $16,666Net Assets 2020: $4,119,4042020Assets 2021: $4,085,072Liabilities 2021: $8,333Net Assets 2021: $4,076,7392021Assets 2022: $4,188,152Liabilities 2022: $0Net Assets 2022: $4,188,1522022Assets 2023: $4,228,105Liabilities 2023: $0Net Assets 2023: $4,228,1052023Assets 2024: $4,281,142Liabilities 2024: $0Net Assets 2024: $4,281,1422024Assets 2025: $4,380,156Liabilities 2025: $250Net Assets 2025: $4,379,9062025

Highlighted filing

2022

Assets$4,188,152
Liabilities$0
Net Assets$4,188,152
Open 2022 Filing

Operations Trend

Revenue Growth92nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2010: $328,2042010Expenses 2011: $811,9982011Expenses 2012: $770,2072012Revenue 2013: $479,425Expenses 2013: $385,924Net Income 2013: $93,5012013Revenue 2014: $573,102Expenses 2014: $289,484Net Income 2014: $283,6182014Revenue 2015: $413,582Expenses 2015: $341,472Net Income 2015: $72,1102015Revenue 2016: $191,155Expenses 2016: $320,106Net Income 2016: -$128,9512016Revenue 2017: $258,402Expenses 2017: $313,134Net Income 2017: -$54,7322017Revenue 2018: $250,080Expenses 2018: $303,336Net Income 2018: -$53,2562018Revenue 2019: $185,355Expenses 2019: $203,248Net Income 2019: -$17,8932019Revenue 2020: $99,613Expenses 2020: $2,808,505Net Income 2020: -$2,708,8922020Revenue 2021: $98,446Expenses 2021: $141,111Net Income 2021: -$42,6652021Revenue 2022: $240,295Expenses 2022: $128,882Net Income 2022: $111,4132022Revenue 2023: $173,727Expenses 2023: $133,774Net Income 2023: $39,9532023Revenue 2024: $186,165Expenses 2024: $133,128Net Income 2024: $53,0372024Revenue 2025: $271,592Expenses 2025: $172,828Net Income 2025: $98,7642025

Highlighted filing

2022

Revenue$240,295
Expenses$128,882
Net Income$111,413
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Feb 14, 2023
Return Version
2022v4.1
Gross Receipts
$240,295
Mission and Program Overview

Mission

Promote employment and economic growth, promote and provide for additional and maximum employment, maintain job opportunities, attract and promote industry in the area community, lessen the burdens of government and act in the public interest.

Promote employment and economic growth, promote and provide for additional maximum employment, maintain job opportunities, attract and promote industry in the comunity or area, lessen the burden of government and act in the public interest

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,820,975$2,725,889▼ $95,086
Savings and Temporary Cash Investments$986,985$1,219,938▲ $232,953
Cash and Non-Interest-Bearing Accounts$166,029$148,408▼ $17,621
Accounts Receivable$40,651$64,872▲ $24,221
Intangible Assets$27,593$26,178▼ $1,415
Pledges and Grants Receivable$6,500--
Other Notes and Loans Receivable, Net$36,339$2,867▼ $33,472
Total Assets$4,085,072$4,188,152▲ $103,080
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,333--
Total Liabilities$8,333$0▼ $8,333
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,927,414$4,008,849▲ $81,435
Net Assets With Donor Restrictions$149,325$179,303▲ $29,978
Total Net Assets Fund Balance$4,076,739$4,188,152▲ $111,413
Total Liabilities and Net Assets / Fund Balance$4,085,072$4,188,152▲ $103,080

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,519,004$2,255,374$4,774,378
Land$206,885-$206,885
Compensation and Service Providers
Top Officer Pay32nd percentile

Board Members and Trustees

NameTitle
Paul SmithPresident
Brian PeckDirector
Derek DavisDirector
Scott SullivanDirector
Wayne McilroyDirector
David ZembiecEx Officio D
Michelle CaponeEx Officio D
Bruce ArmstrongSecretary/tr
Thomas PicheVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$206,263
Investment Income
$4,231
Other Revenue
$29,801
Change in Net Assets
$111,413

Audited Revenue Reconciliation

Revenue per Audited Statements
$240,295
Total Revenue per Audited Statements
$240,295
Total Revenue per Form 990
$240,295
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$113,882
Grants and Similar Amounts Paid$15,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$95,086$1,415-$96,501
Grants to Domestic Orgs$15,000--$15,000
Fees for Services Accounting$4,324$4,324-$8,648
Insurance$4,592--$4,592
Fees for Services Management$1,500$1,500-$3,000
Other Expenses$229$275-$229
Interest-$126-$126
Office Expenses-$11-$11
Total Functional Expenses$120,731$8,151$0$128,882

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$128,882
Total Expenses per Audited Statements$128,882
Total Expenses per Form 990$128,882
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Town of WilnaCarthage, NY-COMMUNITY DEV ASS'T$15,000
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Thomas PicheBoard MemberBank PresidentNo$1,368,346
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
Yes
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
No

Governance Explanations

Form 990, Page 6, Part VI, Line 8B

“Committees are not authorized to act on behalf of the board.”

Form 990, Page 6, Part VI, Line 11B

“Form 990 is presented to the board for review prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“Board members attest annualy that they have reviewed the code of conduct, including the conflict of interest disclosure requirements.”

Form 990, Page 6, Part VI, Line 19

“Copies are provided upon request.”

Filing and Contact Details

Filer

Filer Name
Carthage Industrial Development
EIN
16-1556274
Phone
3154932771
Address
414 STATE STREET, CARTHAGE, NY 13619

Signing Officer

Name
Bruce Armstrong
Title
Secretary/treasurer
Phone
3154932771
Signed
2023-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bruce Armstrong
Formed
1998
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Stackel & Navarra CPA Pc
Address
216 WASHINGTON ST STE 402, WATERTOWN, NY 13601-3336
Preparer
Mark B Hills
Phone
3157821220
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Promote employment and economic growth, promote and provide for additional and maximum employment, maintain job opportunities, attract and promoteindustry in the area community, and lessen the burdens of government and act in the public interest”

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization is exempt from income taxes under the provisions of section 501(c)(3) of the internal revenue code and is classified as an organization that is not a provate foundation under section 509(a)(2). Accordingly, no provision has been made for federal or state taxes. The organization's forms 990, return of organization exempt from income taxes, for the years 2019, 2020, and 2021 are subject to examination by the irs, generally for three years after filing.”

Raw XML AppendixShowing 400 of 413 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/AccountantCompileOrReviewInd0false
IRS990/AccountsReceivableGrp/BOYAmt040651
IRS990/AccountsReceivableGrp/EOYAmt064872
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROMOTE EMPLOYMENT AND ECONOMIC GROWTH, PROMOTE AND PROVIDE FOR ADDITIONAL MAXIMUM EMPLOYMENT, MAINTAIN JOB OPPORTUNITIES, ATTRACT AND PROMOTE INDUSTRY IN THE COMUNITY OR AREA, LESSEN THE BURDEN OF GOVERNMENT AND ACT IN THE PUBLIC INTEREST
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0LORI BORLAND
IRS990/BooksInCareOfDetail/PhoneNum03154932771
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0414 STATE STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0CARTHAGE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd013619
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0true
IRS990/CashNonInterestBearingGrp/BOYAmt0166029
IRS990/CashNonInterestBearingGrp/EOYAmt0148408
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt015000
IRS990/CYInvestmentIncomeAmt04231
IRS990/CYOtherExpensesAmt0113882
IRS990/CYOtherRevenueAmt029801
IRS990/CYProgramServiceRevenueAmt0206263
IRS990/CYRevenuesLessExpensesAmt0111413
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0128882
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0240295
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01415
IRS990/DepreciationDepletionGrp/ProgramServicesAmt095086
IRS990/DepreciationDepletionGrp/TotalAmt096501
IRS990/Desc0TO RELIEVE AND REDUCE UNEMPLOYMENT, PROMOTE ADDITIONAL EMPLOYMENT OPPORTUNITIES,SPECIFICALLY AIDING THE CARTHAGE, NY AREA COMMUNITIES BY ATTRACTING INDUSTRY AND ENCOURAGING DEVELOPMENT AND REDEVELOPMENT.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0149325
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0179303
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0120731
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt04324
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt04324
IRS990/FeesForServicesAccountingGrp/TotalAmt08648
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt01500
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt01500
IRS990/FeesForServicesManagementGrp/TotalAmt03000
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt53.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt63.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
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/PersonNm0BRUCE ARMSTRONG
IRS990/Form990PartVIISectionAGrp/PersonNm1MICHELLE CAPONE
IRS990/Form990PartVIISectionAGrp/PersonNm2DEREK DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm3WAYNE MCILROY
IRS990/Form990PartVIISectionAGrp/PersonNm4BRIAN PECK
IRS990/Form990PartVIISectionAGrp/PersonNm5THOMAS PICHE
IRS990/Form990PartVIISectionAGrp/PersonNm6PAUL SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm7SCOTT SULLIVAN
IRS990/Form990PartVIISectionAGrp/PersonNm8DAVID ZEMBIEC
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt1EX OFFICIO D
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8EX OFFICIO D
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01998
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantAmt015000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt015000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt015000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0240295
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt09
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt04592
IRS990/InsuranceGrp/TotalAmt04592
IRS990/IntangibleAssetsGrp/BOYAmt027593
IRS990/IntangibleAssetsGrp/EOYAmt026178
IRS990/InterestGrp/ManagementAndGeneralAmt0126
IRS990/InterestGrp/TotalAmt0126
IRS990/InvestmentIncomeGrp/ExclusionAmt04231
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04231
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02255374
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02820975
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02725889
IRS990/LandBldgEquipCostOrOtherBssAmt04981263
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROMOTE EMPLOYMENT AND ECONOMIC GROWTH, PROMOTE AND PROVIDE FOR ADDITIONAL AND MAXIMUM EMPLOYMENT, MAINTAIN JOB OPPORTUNITIES, ATTRACT AND PROMOTEINDUSTRY IN THE AREA COMMUNITY, AND LESSEN THE BURDENS OF GOVERNMENT AND ACT IN THE PUBLIC INTEREST
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt08333
IRS990/NetAssetsOrFundBalancesBOYAmt04076739
IRS990/NetAssetsOrFundBalancesEOYAmt04188152
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03927414
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04008849
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt011
IRS990/OfficeExpensesGrp/TotalAmt011
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0DUES
IRS990/OtherExpensesGrp/Desc1FILING FEES
IRS990/OtherExpensesGrp/Desc2REAL ESTATE TAXES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0500
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1275
IRS990/OtherExpensesGrp/ProgramServicesAmt0229
IRS990/OtherExpensesGrp/TotalAmt0500
IRS990/OtherExpensesGrp/TotalAmt1275
IRS990/OtherExpensesGrp/TotalAmt2229
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/Desc0LESSEE FUNDING-HYDRO RESERVE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt029801
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt029801
IRS990/OtherRevenueTotalAmt029801
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt036339
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02867
IRS990/PartialLiquidationInd0false
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt06500
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0BRUCE ARMSTRONG
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531190
IRS990/ProgramServiceRevenueGrp/Desc0GROUND LEASE PAYMENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0206263
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0206263
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt06500
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt015000
IRS990/PYInvestmentIncomeAmt05195
IRS990/PYOtherExpensesAmt0126111
IRS990/PYProgramServiceRevenueAmt086751
IRS990/PYRevenuesLessExpensesAmt0-42665
IRS990/PYTotalExpensesAmt0141111
IRS990/PYTotalRevenueAmt098446
IRS990/ReconcilationRevenueExpnssAmt0111413
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0206263
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0986985
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01219938
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0178,941
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt06500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt033949
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt040449
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt04231
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt05195
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt011204
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt066204
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt071056
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0157890
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0182042
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt086751
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt030045
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0119151
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0145075
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0563064
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt04231
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt05195
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt011204
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt066204
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt071056
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0157890
IRS990ScheduleA/InvestmentIncomeCYPct00.17000
IRS990ScheduleA/InvestmentIncomePYPct00.22000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt029801
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0149140
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0178941
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.64180
IRS990ScheduleA/PublicSupportPY509Pct00.62480
IRS990ScheduleA/PublicSupportTotal509Amt0603513
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0182042
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt093251
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt030045
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0119151
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0179024
IRS990ScheduleA/Total509Grp/TotalAmt0603513
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0216074
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt098446
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0190389
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0185355
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0250080
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0940344
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0128882
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0206885
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0206885
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02519004
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02255374
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04774378
IRS990ScheduleD/RevenueSubtotalAmt0240295
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PROVATE FOUNDATION UNDER SECTION 509(A)(2). ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR FEDERAL OR STATE TAXES. THE ORGANIZATION'S FORMS 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAXES, FOR THE YEARS 2019, 2020, AND 2021 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER FILING.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02725889
IRS990ScheduleD/TotalExpensesPerForm990Amt0128882
IRS990ScheduleD/TotalRevenuePerForm990Amt0240295
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0240295
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0128882
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt015000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0COMMUNITY DEV ASS'T
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0TOWN OF WILNA
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0414 STATE STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CARTHAGE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd013619
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0LOCAL GOVERNMENT SUBMITS REQUEST FOR FINANCIAL ASSISTANCE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0THOMAS PICHE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt01368346
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0BANK PRESIDENT
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0THOMAS PICHE, THE VICE PRESIDENT OF THE ORGANIZATION, IS ALSO THE PRESIDENT OF THE BANK THE ORGANIZATION EXCLUSIVELY HOLDS ALL OF ITS ACCOUNTS. AT DECEMBER 31, 2022, THE ORGANIZATION HAS 1,368,346 DEPOSITED AT THE BANK.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROMOTE EMPLOYMENT AND ECONOMIC GROWTH, PROMOTE AND PROVIDE FOR ADDITIONAL AND MAXIMUM EMPLOYMENT, MAINTAIN JOB OPPORTUNITIES, ATTRACT AND PROMOTEINDUSTRY IN THE AREA COMMUNITY, AND LESSEN THE BURDENS OF GOVERNMENT AND ACT IN THE PUBLIC INTEREST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMMITTEES ARE NOT AUTHORIZED TO ACT ON BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS PRESENTED TO THE BOARD FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS ATTEST ANNUALY THAT THEY HAVE REVIEWED THE CODE OF CONDUCT, INCLUDING THE CONFLICT OF INTEREST DISCLOSURE REQUIREMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COPIES ARE PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04085072
IRS990/TotalAssetsEOYAmt04188152
IRS990/TotalAssetsGrp/BOYAmt04085072
IRS990/TotalAssetsGrp/EOYAmt04188152
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt08151
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0120731
IRS990/TotalFunctionalExpensesGrp/TotalAmt0128882
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08333
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt08333
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04076739
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04188152
IRS990/TotalProgramServiceExpensesAmt0120731
IRS990/TotalProgramServiceRevenueAmt0206263
IRS990/TotalRevenueGrp/ExclusionAmt04231
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0236064
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0240295
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04085072
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04188152
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0414 STATE STREET
IRS990/USAddress/CityNm0CARTHAGE
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd013619
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-03-07 01:45:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRUCE ARMSTRONG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03154932771
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-02-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CARTHAGE INDUSTRIAL DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0CART
ReturnHeader/Filer/EIN0161556274
ReturnHeader/Filer/PhoneNum03154932771
ReturnHeader/Filer/USAddress/AddressLine1Txt0414 STATE STREET
ReturnHeader/Filer/USAddress/CityNm0CARTHAGE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd013619
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0161215909
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0STACKEL & NAVARRA CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0216 WASHINGTON ST STE 402

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,188,152
Liabilities
$0
Net assets
$4,188,152
Revenue
$240,295
Expenses
$128,882
Net income
$111,413
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.38$0.00$4.38$0.27$0.17$0.10
2024Detailed filing. Detailed filing data is available for this year.$4.28$0.00$4.28$0.19$0.13$0.05
2023Detailed filing. Detailed filing data is available for this year.$4.23$0.00$4.23$0.17$0.13$0.04
2022Detailed filing. Detailed filing data is available for this year.$4.19$0.00$4.19$0.24$0.13$0.11
2021Detailed filing. Detailed filing data is available for this year.$4.09$0.01$4.08$0.10$0.14$0.04
2020Detailed filing. Detailed filing data is available for this year.$4.14$0.02$4.12$0.10$2.81$2.71
2019Detailed filing. Detailed filing data is available for this year.$6.83$0.00$6.83$0.19$0.20$0.02
2018Detailed filing. Detailed filing data is available for this year.$6.85$0.00$6.85$0.25$0.30$0.05
2017Detailed filing. Detailed filing data is available for this year.$6.97$0.07$6.90$0.26$0.31$0.05
2016Detailed filing. Detailed filing data is available for this year.$7.57$0.03$7.55$0.19$0.32$0.13
2015Detailed filing. Detailed filing data is available for this year.$7.72$0.04$7.68$0.41$0.34$0.07
2014Detailed filing. Detailed filing data is available for this year.$7.71$0.07$7.63$0.57$0.29$0.28
2013Detailed filing. Detailed filing data is available for this year.$7.45$0.10$7.35$0.48$0.39$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.40$0.14$7.26$0.77
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.75$0.27$7.48$0.81
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.59$0.24$7.35$0.33