Civic Intelligence

Hudson Valley Economic Development Network Inc.

990EZ • Fiscal year 2018 • EIN 45-2452108

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 27, 2019

10 Matthews StreetGoshen, NY 10924

(845) 220-2244

Siviq Scores

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

Liabilities / Assets

37th percentile

0.00x

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

2018 filings • NTEE S30 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

36th percentile

0.00x

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

2018 filings • NTEE S30 • <$500k nonprofits • Source year 2018

Net Margin

9th percentile

-79%

Higher net margin than 9% of similar nonprofits.

2018 filings • NTEE S30 • <$500k nonprofits • Source year 2018

Top Officer Pay

66th percentile

$0

Higher top officer pay than 66% of similar nonprofits.

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

2018 filings • NTEE S30 • <$500k nonprofits • Source year 2018

Asset Growth

8th percentile

-67%

Faster asset growth than 8% of similar nonprofits.

2018 filings • NTEE S30 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

10th percentile

-73%

Faster revenue growth than 10% of similar nonprofits.

2018 filings • NTEE S30 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$14,284

Down $28,710 (-67%) from 2017

Net Assets

Down

$14,284

Down $28,710 (-67%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Down

$36,375

Down $98,930 (-73%) from 2017

Expenses

Down

$65,085

Down $75,519 (-54%) from 2017

Net Income

Down

-$28,710

Down $23,411 (-442%) from 2017

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2013: $38,227Liabilities 2013: $0Net Assets 2013: $38,2272013Assets 2014: $114,935Liabilities 2014: $18,986Net Assets 2014: $95,9492014Assets 2015: $44,282Liabilities 2015: $933Net Assets 2015: $43,3492015Assets 2016: $48,293Liabilities 2016: $0Net Assets 2016: $48,2932016Assets 2017: $42,994Liabilities 2017: $0Net Assets 2017: $42,9942017Assets 2018: $14,284Liabilities 2018: $0Net Assets 2018: $14,2842018Assets 2019: $17,570Liabilities 2019: $0Net Assets 2019: $17,5702019Assets 2020: $35,020Liabilities 2020: $0Net Assets 2020: $35,0202020Assets 2021: $39,170Liabilities 2021: $0Net Assets 2021: $39,1702021

Highlighted filing

2018

Assets$14,284
Liabilities$0
Net Assets$14,284

Operations Trend

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

$200K$100K$0-$100KRevenue 2013: $45,000Expenses 2013: $6,773Net Income 2013: $38,2272013Revenue 2014: $169,317Expenses 2014: $111,595Net Income 2014: $57,7222014Revenue 2015: $99,606Expenses 2015: $152,206Net Income 2015: -$52,6002015Revenue 2016: $155,780Expenses 2016: $150,836Net Income 2016: $4,9442016Revenue 2017: $135,305Expenses 2017: $140,604Net Income 2017: -$5,2992017Revenue 2018: $36,375Expenses 2018: $65,085Net Income 2018: -$28,7102018Revenue 2019: $20,000Expenses 2019: $16,713Net Income 2019: $3,2872019Revenue 2020: $20,000Expenses 2020: $2,550Net Income 2020: $17,4502020Revenue 2021: $5,000Expenses 2021: $850Net Income 2021: $4,1502021

Highlighted filing

2018

Revenue$36,375
Expenses$65,085
Net Income-$28,710
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 27, 2019
Return Version
2018v3.1
Gross Receipts
$36,375
Mission and Program Overview

Mission

The organizations's goal is to encourage continued business education and training to enhance economic opportunity in the hudson valley and educate the general public. The organization intends to create a bridge between academia, government, not-for-profit organizations and businesses to the general public, to teach the general public what the needs of the community are. The organization will operate in seven counties of the hudson valley.

The organization's goal is to encourage continued business education and training to enhance economic opportunity in the hudson valley and educate the general public. The organization intends to create a bridge between academia, government, not-for-profit organizations and businesses to the general public, to teach the general public what the needs of the community are. The organization will operate in seven counties of the hudson valley.

Program Services

DescriptionGrantsExpenses
THE ORGANIZATION WILL PROVIDE SEMINARS AND EDUCATIONAL FORUMS OPEN TO THE INVESTORS AND GENERAL PUBLIC AND TO UTILIZE SOCIAL MEDIAS AND A WEBSITE THAT WILL HOUSE A LIBRARY OF TRAINING SEMINARS FOR INDIVIDUALS WHO ARE NOT ABLE TO ATTEND IN PERSON.-$60,588
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ANTHONY GIOFFRE IIIChairman As Needed-$0--
JEREMY ELLENBOGENSecretary As Needed-$0--
DR ROBERT AMLERIst Vice Chairman As Needed-$0--
JILL VARRICCHIOBoard Member As Needed-$0--
MICHAEL OATESPresident As Needed-$0--
Governance and Compliance

Governance Explanations

Form 990, Part VI, Section B, Line 12 - Conflict of Interest Policy

Board members and officers are required to disclose any potential conflicts of interest on an annual basis. If there is a potential conflict of interest, the board member or officer excuses themselves from the meeting while the remaining members vote on whether or not to engage in the business transaction with the potential third party.

PART VI, SECTION C, QUESTION #18 - PUBLIC INSPECTION

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon advance request.

PART VI, SECTION C, QUESTION #18 - TAX RETURN

All board members receive a copy of the return for approval before the return is filed.

Filing and Contact Details

Filer

Filer Name
Hudson Valley Economic Development
EIN
45-2452108
In Care Of
% SARA BORYS MCCORMICK
Phone
8452202244
Address
10 MATTHEWS STREET, GOSHEN, NY 10924

Signing Officer

Name
Robert Levine Esq
Title
Chairman
Phone
8452202244
Signed
2019-06-27
Discuss with paid preparer
Yes

Preparer

Firm
Pattison Koskey Howe & Bucci CPA
Address
45 FIVE MILE WOODS ROAD, CATSKILL, NY 12414
Preparer
Bradley Cummings CPA
Phone
5189434502
Supplemental Narrative

Additional Explanations

Form 990EZ Part I Line 16

Description:MARKETING AND PROMOTION Amount:60564

Form 990EZ Part I Line 16

Description:PROFESSIONBAL FEES Amount:389

Form 990EZ Part I Line 16

Description:INSURANCE Amount:759

Form 990EZ Part I Line 16

Description:WEBSITE & INTERNET Amount:23

Raw XML Appendix177 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0GOSHEN
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IRS990EZ/LandAndBuildingsGrp/BOYAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ANTHONY GIOFFRE III
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JEREMY ELLENBOGEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2DR ROBERT AMLER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3JILL VARRICCHIO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4MICHAEL OATES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIRMAN AS NEEDED
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY AS NEEDED
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2IST VICE CHAIRMAN AS NEEDED
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3BOARD MEMBER AS NEEDED
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4PRESIDENT AS NEEDED
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt015125
IRS990EZ/OtherAssetsTotalDetail/EOYAmt04500
IRS990EZ/OtherEmployeePaidOver100kCnt00
IRS990EZ/OtherExpensesTotalAmt061735
IRS990EZ/OtherRevenueTotalAmt04500
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE ORGANIZATION'S GOAL IS TO ENCOURAGE CONTINUED BUSINESS EDUCATION AND TRAINING TO ENHANCE ECONOMIC OPPORTUNITY IN THE HUDSON VALLEY AND EDUCATE THE GENERAL PUBLIC. THE ORGANIZATION INTENDS TO CREATE A BRIDGE BETWEEN ACADEMIA, GOVERNMENT, NOT-FOR-PROFIT ORGANIZATIONS AND BUSINESSES TO THE GENERAL PUBLIC, TO TEACH THE GENERAL PUBLIC WHAT THE NEEDS OF THE COMMUNITY ARE. THE ORGANIZATION WILL OPERATE IN SEVEN COUNTIES OF THE HUDSON VALLEY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE ORGANIZATION WILL PROVIDE SEMINARS AND EDUCATIONAL FORUMS OPEN TO THE INVESTORS AND GENERAL PUBLIC AND TO UTILIZE SOCIAL MEDIAS AND A WEBSITE THAT WILL HOUSE A LIBRARY OF TRAINING SEMINARS FOR INDIVIDUALS WHO ARE NOT ABLE TO ATTEND IN PERSON.
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IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt065085
IRS990EZ/TotalProgramServiceExpensesAmt060588
IRS990EZ/TotalRevenueAmt036375
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/First5Years170Ind0X
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0167350
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02360
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0602681
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt047000
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IRS990ScheduleA/TotalSupportAmt0602681
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS AND OFFICERS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST ON AN ANNUAL BASIS. IF THERE IS A POTENTIAL CONFLICT OF INTEREST, THE BOARD MEMBER OR OFFICER EXCUSES THEMSELVES FROM THE MEETING WHILE THE REMAINING MEMBERS VOTE ON WHETHER OR NOT TO ENGAGE IN THE BUSINESS TRANSACTION WITH THE POTENTIAL THIRD PARTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON ADVANCE REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL BOARD MEMBERS RECEIVE A COPY OF THE RETURN FOR APPROVAL BEFORE THE RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description:MARKETING AND PROMOTION Amount:60564
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Description:PROFESSIONBAL FEES Amount:389
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Description:INSURANCE Amount:759
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Description:WEBSITE & INTERNET Amount:23
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 12 - CONFLICT OF INTEREST POLICY
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI, SECTION C, QUESTION #18 - PUBLIC INSPECTION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI, SECTION C, QUESTION #18 - TAX RETURN
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990EZ PART I LINE 16
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT LEVINE ESQ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum08452202244
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-06-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HUDSON VALLEY ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0NETWORK INC
ReturnHeader/Filer/BusinessNameControlTxt0HUDS
ReturnHeader/Filer/EIN0452452108
ReturnHeader/Filer/InCareOfNm0% SARA BORYS MCCORMICK
ReturnHeader/Filer/PhoneNum08452202244
ReturnHeader/Filer/USAddress/AddressLine1Txt010 MATTHEWS STREET
ReturnHeader/Filer/USAddress/CityNm0GOSHEN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010924
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId03B45D859335EF3074005DF706CB72C174F00F6DE
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId03B45D859335EF3074005DF706CB72C174F00F6DE
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId014015620192265000000
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02019-08-14
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.105.242.251
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PATTISON KOSKEY HOWE & BUCCI CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt045 FIVE MILE WOODS ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CATSKILL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd012414
ReturnHeader/PreparerPersonGrp/PhoneNum05189434502
ReturnHeader/PreparerPersonGrp/PreparationDt02019-06-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRADLEY CUMMINGS CPA
ReturnHeader/ReturnTs02019-08-14T11:44:58-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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Filings