Civic Intelligence

Genesee Gateway Local Development Corporation

990 • Fiscal year 2019 • EIN 33-1101375

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

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

(585) 343-4866

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.35x

Higher debt load relative to assets than 63% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

92nd percentile

3.46x

Higher debt load relative to revenue than 92% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

86th percentile

35%

Higher net margin than 86% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Down

$15,972,323

Down $397,066 (-2.4%) from 2018

Net Assets

Up

$10,414,100

Up $568,469 (+5.8%) from 2018

Liabilities

Down

$5,558,223

Down $965,535 (-15%) from 2018

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin86th percentile

Revenue

Down

$1,607,763

Down $551,920 (-26%) from 2018

Expenses

Down

$1,039,294

Down $1,314,680 (-56%) from 2018

Net Income

Up

$568,469

Up $762,760 (+393%) from 2018

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

2019

Assets$15,972,323
Liabilities$5,558,223
Net Assets$10,414,100
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2019

Revenue$1,607,763
Expenses$1,039,294
Net Income$568,469
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$1,693,937
Mission and Program Overview

Mission

To promote economic development initiatives in genesee county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,627,011$5,485,476▼ $141,535
Savings and Temporary Cash Investments$2,396,438$2,643,451▲ $247,013
Other Notes and Loans Receivable, Net$318,246$1,073,277▲ $755,031
Receivables From Officers Etc$147,618$133,042▼ $14,576
Cash and Non-Interest-Bearing Accounts$185,482$20,125▼ $165,357
Pledges and Grants Receivable$1,014,611$4,646▼ $1,009,965
Prepaid Expenses and Deferred Charges$872$872→ $0
Accounts Receivable$815$69▼ $746
Total Assets$16,369,389$15,972,323▼ $397,066
Other Assets Total$6,678,296$6,611,365▼ $66,931
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,774,178$5,383,751▼ $390,427
Escrow Account Liability$108,680$108,680→ $0
Deferred Revenue$37,979$45,657▲ $7,678
Accounts Payable and Accrued Expenses$602,921$20,135▼ $582,786
Total Liabilities$6,523,758$5,558,223▼ $965,535
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,977,204$9,377,749▲ $400,545
Net Assets With Donor Restrictions$868,427$1,036,351▲ $167,924
Total Net Assets Fund Balance$9,845,631$10,414,100▲ $568,469
Total Liabilities and Net Assets / Fund Balance$16,369,389$15,972,323▼ $397,066

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,281,493$1,730,427$7,011,920
Land$190,200-$190,200
Equipment$13,783$29,817$43,600
Other Assets Org$6,611,365--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Donald CunninghamChairman
Thomas FeltonVice Chairman
Craig YunkerDirector
Mary Ann WiaterDirector
Paul BattagliaDirector
Peter ZeliffDirector
Todd BenderDirector
Sarah Noble-moagSecretary
Gregg TorreyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$812,775
Program Service Revenue
$725,344
Investment Income
$68,027
Other Revenue
$1,617
All Other Contributions
$148,300
Change in Net Assets
$568,469

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,607,763
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,607,763
Total Revenue per Form 990
$1,607,763
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$739,294
Grants and Similar Amounts Paid$300,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$300,000--$300,000
Interest$264,732--$264,732
Depreciation Depletion$199,669--$199,669
Fees for Services Management$80,383--$80,383
Fees for Services Other$62,304--$62,304
Insurance$23,720--$23,720
Occupancy$17,823--$17,823
Other Expenses$2,289--$2,289
Office Expenses$1,379--$1,379
All Other Expenses$475--$475
Total Functional Expenses$1,039,294$0$0$1,039,294

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,039,294
Total Expenses per Audited Statements$1,039,294
Total Expenses per Form 990$1,039,294
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Genesee County Economic Development CenterBatavia, NY-Support Continuation of the Economic Development Program and Development of Wny Stamp Project.$300,000
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$147,618$133,042▼ $14,576
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 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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“The 2019 board vice chair, 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 4 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 MEDTECH DRIVE NO 106, BATAVIA, NY 14020-9712

Signing Officer

Name
Donald Cunningham
Title
President
Phone
5853434866
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donald Cunningham
Formed
2004
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

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

“No changes have occurred in the audit oversight or independent accountant selection during year ended december 31, 2019.”

Financial Statement Notes

PART IV, LINE 2B:

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

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IRS990/OtherAssetsTotalGrp/BOYAmt06678296
IRS990/OtherAssetsTotalGrp/EOYAmt06611365
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SITE MAINTENANCE
IRS990/OtherExpensesGrp/Desc1SPECIAL DISTRICT FEES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/Desc3SITE DEVELOPMENT
IRS990/OtherExpensesGrp/ProgramServicesAmt056107
IRS990/OtherExpensesGrp/ProgramServicesAmt120907
IRS990/OtherExpensesGrp/ProgramServicesAmt29506
IRS990/OtherExpensesGrp/ProgramServicesAmt32289
IRS990/OtherExpensesGrp/TotalAmt056107
IRS990/OtherExpensesGrp/TotalAmt120907
IRS990/OtherExpensesGrp/TotalAmt29506
IRS990/OtherExpensesGrp/TotalAmt32289
IRS990/OtherRevenueMiscGrp/BusinessCd0900000
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01617
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01617
IRS990/OtherRevenueTotalAmt01617
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0318246
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01073277
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01014611
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt04646
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0872
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/RelatedOrExemptFuncIncomeAmt0680653
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt129710
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt214981
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0680653
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt129710
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt214981
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01385286
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01244089
IRS990/PYInvestmentIncomeAmt061085
IRS990/PYOtherExpensesAmt01109885
IRS990/PYOtherRevenueAmt0265
IRS990/PYProgramServiceRevenueAmt0713047
IRS990/PYRevenuesLessExpensesAmt0-194291
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02353974
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02159683
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt0147618
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0133042
IRS990/ReconcilationRevenueExpnssAmt0568469
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0726961
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02396438
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02643451
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS REVENUE - 2015 AMOUNT: $ 13,340. 2016 AMOUNT: $ 1,865. 2017 AMOUNT: $ 31,543. 2018 AMOUNT: $ 265. 2019 AMOUNT: $ 1,617.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0812775
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01385286
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0312668
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01137481
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01209235
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04857445
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt024106
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt09646
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt07779
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt010477
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt013017
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt065025
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt024106
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt09646
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt07779
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt010477
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt013017
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt065025
IRS990ScheduleA/InvestmentIncomeCYPct00.01310
IRS990ScheduleA/InvestmentIncomePYPct00.00770
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01617
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0265
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt031543
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01865
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt013340
IRS990ScheduleA/OtherIncome509Grp/TotalAmt048630
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97710
IRS990ScheduleA/PublicSupportPY509Pct00.98360
IRS990ScheduleA/PublicSupportTotal509Amt04857445
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0812775
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01385286
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0312668
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01137481
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01209235
IRS990ScheduleA/Total509Grp/TotalAmt04857445
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0838498
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01395197
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0351990
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01149823
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01235592
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04971100
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt05281493
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01730427
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07011920
IRS990ScheduleD/EquipmentGrp/BookValueAmt013783
IRS990ScheduleD/EquipmentGrp/DepreciationAmt029817
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt043600
IRS990ScheduleD/ExpensesIncurredEnforcementAmt03000
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01039294
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/HistoricLandAreaInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0190200
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0190200
IRS990ScheduleD/ModifiedEasementsCnt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt06611365
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LAND HELD FOR DEVELOPMENT AND RESALE
IRS990ScheduleD/ProtectionNaturalHabitatInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01607763
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/TotalBookValueLandBuildingsAmt05485476
IRS990ScheduleD/TotalBookValueOtherAssetsAmt06611365
IRS990ScheduleD/TotalEasementsCnt01
IRS990ScheduleD/TotalExpensesPerForm990Amt01039294
IRS990ScheduleD/TotalRevenuePerForm990Amt01607763
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01607763
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01039294
IRS990ScheduleD/WrittenPolicyMonitoringInd00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0300000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT CONTINUATION OF THE ECONOMIC DEVELOPMENT PROGRAM AND DEVELOPMENT OF WNY STAMP PROJECT.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0GENESEE COUNTY ECONOMIC DEVELOPMENT CENTER
IRS990ScheduleI/RecipientTable/RecipientEIN0161139027
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt099 MED TECH DRIVE SUITE 106
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BATAVIA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd0140209712
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0BOOK
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,972,323
Liabilities
$5,558,223
Net assets
$10,414,100
Revenue
$1,607,763
Expenses
$1,039,294
Net income
$568,469
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
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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