Civic Intelligence

Genesee Gateway Local Development Corporation

990 • Fiscal year 2018 • EIN 33-1101375

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 17, 2019

Organization ProfileWWW.GCEDC.COM
99 Med Tech Drive No 106Batavia, NY 14020-9712

(585) 343-4866

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$16,369,389

Up $3,792 (+0.0%) from 2017

Net Assets

Down

$9,845,631

Down $194,291 (-1.9%) from 2017

Liabilities

Up

$6,523,758

Up $198,083 (+3.1%) from 2017

Revenue And Expenses

Revenue

Up

$2,159,683

Up $1,091,738 (+102%) from 2017

Expenses

Up

$2,353,974

Up $1,244,155 (+112%) from 2017

Net Income

Down

-$194,291

Down $152,417 (-364%) from 2017

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $17,608,959Liabilities 2010: $9,206,076Net Assets 2010: $8,402,8832010Assets 2011: $19,606,178Liabilities 2011: $9,629,251Net Assets 2011: $9,976,9272011Assets 2012: $19,417,695Liabilities 2012: $10,620,407Net Assets 2012: $8,797,2882012Assets 2013: $18,889,683Liabilities 2013: $9,876,091Net Assets 2013: $9,013,5922013Assets 2014: $17,679,009Liabilities 2014: $8,446,401Net Assets 2014: $9,232,6082014Assets 2015: $16,994,046Liabilities 2015: $7,534,754Net Assets 2015: $9,459,2922015Assets 2016: $16,806,779Liabilities 2016: $6,724,983Net Assets 2016: $10,081,7962016Assets 2017: $16,365,597Liabilities 2017: $6,325,675Net Assets 2017: $10,039,9222017Assets 2018: $16,369,389Liabilities 2018: $6,523,758Net Assets 2018: $9,845,6312018Assets 2019: $15,972,323Liabilities 2019: $5,558,223Net Assets 2019: $10,414,1002019Assets 2020: $16,191,095Liabilities 2020: $5,365,338Net Assets 2020: $10,825,7572020Assets 2021: $15,171,865Liabilities 2021: $5,135,766Net Assets 2021: $10,036,0992021Assets 2022: $18,680,179Liabilities 2022: $7,936,712Net Assets 2022: $10,743,4672022Assets 2023: $18,814,801Liabilities 2023: $7,101,446Net Assets 2023: $11,713,3552023Assets 2024: $18,360,758Liabilities 2024: $6,132,888Net Assets 2024: $12,227,8702024

Highlighted filing

2018

Assets$16,369,389
Liabilities$6,523,758
Net Assets$9,845,631
Open 2018 Filing

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,283,0422010Expenses 2011: $1,713,2042011Expenses 2012: $5,951,9722012Revenue 2013: $2,896,836Expenses 2013: $2,635,025Net Income 2013: $261,8112013Revenue 2014: $2,312,377Expenses 2014: $2,093,361Net Income 2014: $219,0162014Revenue 2015: $1,952,278Expenses 2015: $1,725,594Net Income 2015: $226,6842015Revenue 2016: $1,882,008Expenses 2016: $1,259,504Net Income 2016: $622,5042016Revenue 2017: $1,067,945Expenses 2017: $1,109,819Net Income 2017: -$41,8742017Revenue 2018: $2,159,683Expenses 2018: $2,353,974Net Income 2018: -$194,2912018Revenue 2019: $1,607,763Expenses 2019: $1,039,294Net Income 2019: $568,4692019Revenue 2020: $2,039,725Expenses 2020: $1,628,068Net Income 2020: $411,6572020Revenue 2021: $1,105,058Expenses 2021: $1,894,716Net Income 2021: -$789,6582021Revenue 2022: $3,383,567Expenses 2022: $2,676,199Net Income 2022: $707,3682022Revenue 2023: $2,660,350Expenses 2023: $1,690,462Net Income 2023: $969,8882023Revenue 2024: $2,189,370Expenses 2024: $1,674,855Net Income 2024: $514,5152024

Highlighted filing

2018

Revenue$2,159,683
Expenses$2,353,974
Net Income-$194,291
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 17, 2019
Return Version
2018v3.1
Gross Receipts
$2,466,841
Mission and Program Overview

Mission

To promote economic development initiatives in genesee county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,806,851$5,627,011▼ $179,840
Savings and Temporary Cash Investments$1,971,620$2,396,438▲ $424,818
Pledges and Grants Receivable$9,194$1,014,611▲ $1,005,417
Other Notes and Loans Receivable, Net$517,687$318,246▼ $199,441
Cash and Non-Interest-Bearing Accounts$161,714$185,482▲ $23,768
Receivables From Officers Etc$900,034$147,618▼ $752,416
Prepaid Expenses and Deferred Charges$868$872▲ $4
Accounts Receivable$15,838$815▼ $15,023
Total Assets$16,365,597$16,369,389▲ $3,792
Other Assets Total$6,981,791$6,678,296▼ $303,495
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,145,914$5,774,178▼ $371,736
Accounts Payable and Accrued Expenses$61,184$602,921▲ $541,737
Escrow Account Liability$108,680$108,680→ $0
Deferred Revenue$9,897$37,979▲ $28,082
Total Liabilities$6,325,675$6,523,758▲ $198,083
Net Assets / Fund Balance
Unrestricted Net Assets$9,288,500$8,977,204▼ $311,296
Temporarily Rstr Net Assets$751,422$868,427▲ $117,005
Total Net Assets Fund Balance$10,039,922$9,845,631▼ $194,291
Total Liabilities and Net Assets / Fund Balance$16,365,597$16,369,389▲ $3,792

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,415,590$1,538,196$6,953,786
Land$190,200-$190,200
Equipment$21,221$22,379$43,600
Other Assets Org$6,678,296--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Thomas FeltonChairman
Craig YunkerVice Chairman
Donald CunninghamDirector
Mary Ann WiaterDirector
Paul BattagliaDirector
Todd BenderDirector
Sarah Noble-moagSecretary
Gregg TorreyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,385,286
Program Service Revenue
$713,047
Investment Income
$61,085
Other Revenue
$265
All Other Contributions
$97,000
Change in Net Assets
$-194,291

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,159,683
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,159,683
Total Revenue per Form 990
$2,159,683
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,244,089
Other Expenses$1,109,885
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,244,089--$1,244,089
Interest$284,077--$284,077
Depreciation Depletion$195,092--$195,092
Fees for Services Management$80,123--$80,123
Fees for Services Other$50,933--$50,933
Insurance$22,868--$22,868
Other Expenses$20,851--$20,851
Occupancy$20,290--$20,290
Fees for Services Accounting$13,100--$13,100
Office Expenses$1,294--$1,294
All Other Expenses$245--$245
Total Functional Expenses$2,353,974$0$0$2,353,974

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,353,974
Total Expenses per Audited Statements$2,353,974
Total Expenses per Form 990$2,353,974
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hp HoodBatavia, NY-Pass-through of Office of Community Renewal Grant$500,000
Genesee County Economic Development CenterBatavia, NY-Support Continuation of the Economic Development Program and Development of Wny Stamp Project.$300,000
Pw Minor LLCBatavia, NY-Pass-through of Office of Community Renewal Grant$77,089
Depew Lancaster & Western RailroadBatavia, NY-Pass-through of Nys Dot Grant to Support Railroad Improvements for Gvab-
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
-Former Board MemberForgave Deferred Loan Per Loan AgreementNo$367,000

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$900,034$147,618▼ $752,416
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
AGenesee County Funding Corporation2010-09-03$2,821,905To finance acqusition and construction of med tech project.

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$2,821,905---

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
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 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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“The 2018 board chairman/president, thomas felton, is an employee of bank of castile. Board directors, paul battaglia and craig yunker, also sit on the bank of castile board of directors.”

Form 990, Part VI, Section A, Line 6

“The genesee county economic development corporation is the sole member of the organization.”

Form 990, Part VI, Section A, Line 7A

“There are 3 members on the genesee gateway local development corporation board that are also genesee county economic development center board members. The genesee county economic development center board appoints the genesee gateway local development corporation board members.”

Form 990, Part VI, Section A, Line 7B

“The genesee county economic development center appoints genesee gateway local development corporation board members and has the authority to remove board members.”

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

“Form 990 is reviewed by the board prior to filing.”

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

“The policy is monitored by the board of directors.”

Form 990, Part VI, Section C, Line 19

“Documents are either available on the guidestar website or upon request.”

Filing and Contact Details

Filer

Filer Name
Genesee Gateway Local Development
EIN
33-1101375
Phone
5853434866
Address
99 MED TECH DRIVE NO 106, BATAVIA, NY 14020-9712

Signing Officer

Name
Donald Cunningham
Title
President
Phone
5853434866
Signed
2019-10-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donald Cunningham
Formed
2004
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

Firm
Freed Maxick Cpas Pc
Address
ONE EVANS STREET, BATAVIA, NY 14020-3110
Preparer
Nicole M White
Phone
5853441967
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The oversight process for the audit has not changed from prior years.”

Financial Statement Notes

PART IV, LINE 2B:

“The genesee gateway local development corp holds $108,680 in security deposits for med tech centre leases.”

Raw XML AppendixShowing 400 of 636 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/BOYAmt061184
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0602921
IRS990/AccountsReceivableGrp/BOYAmt015838
IRS990/AccountsReceivableGrp/EOYAmt0815
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROMOTE ECONOMIC DEVELOPMENT INITIATIVES IN GENESEE COUNTY.
IRS990/AllOtherContributionsAmt097000
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0245
IRS990/AllOtherExpensesGrp/TotalAmt0245
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0LEZLIE FARRELL
IRS990/BooksInCareOfDetail/PhoneNum05853434866
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt099 MED TECH DRIVE SUITE 106
IRS990/BooksInCareOfDetail/USAddress/CityNm0BATAVIA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0140209712
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd01
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0161714
IRS990/CashNonInterestBearingGrp/EOYAmt0185482
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd01
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd01
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01385286
IRS990/CYGrantsAndSimilarPaidAmt01244089
IRS990/CYInvestmentIncomeAmt061085
IRS990/CYOtherExpensesAmt01109885
IRS990/CYOtherRevenueAmt0265
IRS990/CYProgramServiceRevenueAmt0713047
IRS990/CYRevenuesLessExpensesAmt0-194291
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt02353974
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02159683
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt09897
IRS990/DeferredRevenueGrp/EOYAmt037979
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0195092
IRS990/DepreciationDepletionGrp/TotalAmt0195092
IRS990/Desc0DEVELOPMENT OF REAL PROPERTY TO ENCOURAGE ECONOMIC GROWTH IN GENESEE COUNTY.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountInd00
IRS990/EscrowAccountLiabilityGrp/BOYAmt0108680
IRS990/EscrowAccountLiabilityGrp/EOYAmt0108680
IRS990/ExpenseAmt02353974
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt013100
IRS990/FeesForServicesAccountingGrp/TotalAmt013100
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt080123
IRS990/FeesForServicesManagementGrp/TotalAmt080123
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt050933
IRS990/FeesForServicesOtherGrp/TotalAmt050933
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
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/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
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/PersonNm0THOMAS FELTON
IRS990/Form990PartVIISectionAGrp/PersonNm1CRAIG YUNKER
IRS990/Form990PartVIISectionAGrp/PersonNm2SARAH NOBLE-MOAG
IRS990/Form990PartVIISectionAGrp/PersonNm3MARY ANN WIATER
IRS990/Form990PartVIISectionAGrp/PersonNm4PAUL BATTAGLIA
IRS990/Form990PartVIISectionAGrp/PersonNm5TODD BENDER
IRS990/Form990PartVIISectionAGrp/PersonNm6GREGG TORREY
IRS990/Form990PartVIISectionAGrp/PersonNm7DONALD CUNNINGHAM
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/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02004
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt051439
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt01288286
IRS990/GrantAmt01244089
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01244089
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01244089
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0358597
IRS990/GrossReceiptsAmt02466841
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt022868
IRS990/InsuranceGrp/TotalAmt022868
IRS990/InterestGrp/ProgramServicesAmt0284077
IRS990/InterestGrp/TotalAmt0284077
IRS990/InvestmentIncomeGrp/ExclusionAmt09646
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt09646
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01560575
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05806851
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05627011
IRS990/LandBldgEquipCostOrOtherBssAmt07187586
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0307158
IRS990/LoanOutstandingInd01
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROMOTE ECONOMIC DEVELOPMENT INITIATIVES IN GENESEE COUNTY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt06145914
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt05774178
IRS990/NetAssetsOrFundBalancesBOYAmt010039922
IRS990/NetAssetsOrFundBalancesEOYAmt09845631
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt051439
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt051439
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt020290
IRS990/OccupancyGrp/TotalAmt020290
IRS990/OfficeExpensesGrp/ProgramServicesAmt01294
IRS990/OfficeExpensesGrp/TotalAmt01294
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06981791
IRS990/OtherAssetsTotalGrp/EOYAmt06678296
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0LAND & INFRASTRUCTURE D
IRS990/OtherExpensesGrp/Desc1SITE DEVELOPMENT
IRS990/OtherExpensesGrp/Desc2SITE MAINTENANCE
IRS990/OtherExpensesGrp/Desc3SPECIAL DISTRICT FEES
IRS990/OtherExpensesGrp/ProgramServicesAmt0208424
IRS990/OtherExpensesGrp/ProgramServicesAmt1160515
IRS990/OtherExpensesGrp/ProgramServicesAmt252073
IRS990/OtherExpensesGrp/ProgramServicesAmt320851
IRS990/OtherExpensesGrp/TotalAmt0208424
IRS990/OtherExpensesGrp/TotalAmt1160515
IRS990/OtherExpensesGrp/TotalAmt252073
IRS990/OtherExpensesGrp/TotalAmt320851
IRS990/OtherRevenueMiscGrp/BusinessCd0900000
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0265
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0265
IRS990/OtherRevenueTotalAmt0265
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0517687
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0318246
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt09194
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01014611
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0868
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0872
IRS990/PrincipalOfficerNm0DONALD CUNNINGHAM
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900002
IRS990/ProgramServiceRevenueGrp/BusinessCd1900000
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0RENT
IRS990/ProgramServiceRevenueGrp/Desc1LOAN INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc2MISCELLANEOUS FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0674221
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt130565
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt28261
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0674221
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt130565
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt28261
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0312668
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0300000
IRS990/PYInvestmentIncomeAmt07779
IRS990/PYOtherExpensesAmt0809819
IRS990/PYOtherRevenueAmt031543
IRS990/PYProgramServiceRevenueAmt0715955
IRS990/PYRevenuesLessExpensesAmt0-41874
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01109819
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01067945
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt0900034
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0147618
IRS990/ReconcilationRevenueExpnssAmt0-194291
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0713312
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01971620
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02396438
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS REVENUE - 2014 AMOUNT: $ 972. 2015 AMOUNT: $ 13,340. 2016 AMOUNT: $ 1,865. 2017 AMOUNT: $ 31,543. 2018 AMOUNT: $ 265.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01385286
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0312668
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01137481
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01209235
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01373468
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt05418138
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt09646
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt07779
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt010477
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt013017
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01222
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt042141
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt09646
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt07779
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt010477
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt013017
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01222
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt042141
IRS990ScheduleA/InvestmentIncomeCYPct00.00770
IRS990ScheduleA/InvestmentIncomePYPct00.00550
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0265
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt031543
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01865
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt013340
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0972
IRS990ScheduleA/OtherIncome509Grp/TotalAmt047985
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98360
IRS990ScheduleA/PublicSupportPY509Pct00.98530
IRS990ScheduleA/PublicSupportTotal509Amt05418138
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01385286
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0312668
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01137481
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01209235
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01373468
IRS990ScheduleA/Total509Grp/TotalAmt05418138
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01395197
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0351990
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01149823
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01235592
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01375662
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05508264
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt05415590
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01538196
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06953786
IRS990ScheduleD/EquipmentGrp/BookValueAmt021221
IRS990ScheduleD/EquipmentGrp/DepreciationAmt022379
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt043600
IRS990ScheduleD/ExpensesIncurredEnforcementAmt03000
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02353974
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/HistoricLandAreaInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0190200
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0190200
IRS990ScheduleD/ModifiedEasementsCnt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt06678296
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LAND HELD FOR DEVELOPMENT AND RESALE
IRS990ScheduleD/ProtectionNaturalHabitatInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02159683
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE GENESEE GATEWAY LOCAL DEVELOPMENT CORP HOLDS $108,680 IN SECURITY DEPOSITS FOR MED TECH CENTRE LEASES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalAcreageCnt031.87
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05627011
IRS990ScheduleD/TotalBookValueOtherAssetsAmt06678296
IRS990ScheduleD/TotalEasementsCnt01
IRS990ScheduleD/TotalExpensesPerForm990Amt02353974
IRS990ScheduleD/TotalRevenuePerForm990Amt02159683
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02159683
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02353974
IRS990ScheduleD/WrittenPolicyMonitoringInd00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0300000
IRS990ScheduleI/RecipientTable/CashGrantAmt1500000
IRS990ScheduleI/RecipientTable/CashGrantAmt277089
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt0367000
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0FORGIVENESS OF DEFERRED LOAN
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT CONTINUATION OF THE ECONOMIC DEVELOPMENT PROGRAM AND DEVELOPMENT OF WNY STAMP PROJECT.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1PASS-THROUGH OF OFFICE OF COMMUNITY RENEWAL GRANT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2PASS-THROUGH OF OFFICE OF COMMUNITY RENEWAL GRANT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3PASS-THROUGH OF NYS DOT GRANT TO SUPPORT RAILROAD IMPROVEMENTS FOR GVAB
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0GENESEE COUNTY ECONOMIC DEVELOPMENT CENTER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1HP HOOD
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2PW MINOR LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3DEPEW LANCASTER & WESTERN RAILROAD
IRS990ScheduleI/RecipientTable/RecipientEIN0161139027
IRS990ScheduleI/RecipientTable/RecipientEIN1041450950
IRS990ScheduleI/RecipientTable/RecipientEIN2471426154
IRS990ScheduleI/RecipientTable/RecipientEIN3161352596
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt099 MED TECH DRIVE SUITE 106
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt15140 AG PARK DRIVE W
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt23 TREADEASY AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt31 MILL STREET SUITE 101
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BATAVIA
IRS990ScheduleI/RecipientTable/USAddress/CityNm1BATAVIA
IRS990ScheduleI/RecipientTable/USAddress/CityNm2BATAVIA
IRS990ScheduleI/RecipientTable/USAddress/CityNm3BATAVIA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd0140209712
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd114020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,369,389
Liabilities
$6,523,758
Net assets
$9,845,631
Revenue
$2,159,683
Expenses
$2,353,974
Net income
-$194,291
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$18.4$6.13$12.2$2.19$1.67$0.51
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.8$7.10$11.7$2.66$1.69$0.97
2022Detailed filing. Detailed filing data is available for this year.$18.7$7.94$10.7$3.38$2.68$0.71
2021Detailed filing. Detailed filing data is available for this year.$15.2$5.14$10.0$1.11$1.89$0.79
2020Detailed filing. Detailed filing data is available for this year.$16.2$5.37$10.8$2.04$1.63$0.41
2019Detailed filing. Detailed filing data is available for this year.$16.0$5.56$10.4$1.61$1.04$0.57
2018Detailed filing. Detailed filing data is available for this year.$16.4$6.52$9.85$2.16$2.35$0.19
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.4$6.33$10.0$1.07$1.11$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.8$6.72$10.1$1.88$1.26$0.62
2015Detailed filing. Detailed filing data is available for this year.$17.0$7.53$9.46$1.95$1.73$0.23
2014Detailed filing. Detailed filing data is available for this year.$17.7$8.45$9.23$2.31$2.09$0.22
2013Detailed filing. Detailed filing data is available for this year.$18.9$9.88$9.01$2.90$2.64$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.4$10.6$8.80$5.95
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.6$9.63$9.98$1.71
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.6$9.21$8.40$1.28