Civic Intelligence

Hudson Valley Economic Development Network Inc.

990EZ • Fiscal year 2021 • EIN 45-2452108

Jan 01, 2021 to Dec 31, 2021 • Filed on May 13, 2022

42 Catharine StreetPoughkeepsie, NY 12601

(845) 220-2244

Siviq Scores

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

Liabilities / Assets

36th percentile

0.00x

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

2021 filings • NTEE S30 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

36th percentile

0.00x

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

2021 filings • NTEE S30 • <$500k nonprofits • Source year 2021

Net Margin

95th percentile

83%

Higher net margin than 95% of similar nonprofits.

2021 filings • NTEE S30 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • NTEE S30 • <$500k nonprofits • Source year 2021

Asset Growth

58th percentile

12%

Faster asset growth than 58% of similar nonprofits.

2021 filings • NTEE S30 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

13th percentile

-75%

Faster revenue growth than 13% of similar nonprofits.

2021 filings • NTEE S30 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$39,170

Up $4,150 (+12%) from 2020

Net Assets

Up

$39,170

Up $4,150 (+12%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Down

$5,000

Down $15,000 (-75%) from 2020

Expenses

Down

$850

Down $1,700 (-67%) from 2020

Net Income

Down

$4,150

Down $13,300 (-76%) from 2020

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

2021

Assets$39,170
Liabilities$0
Net Assets$39,170

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

2021

Revenue$5,000
Expenses$850
Net Income$4,150
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 13, 2022
Return Version
2021v4.2
Gross Receipts
$5,000
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.$0$850
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ANTHONY GIOFFRE IIISecretary-$0--
JOSH SOMMERS1st Vice Chair-$0--
ROBERT LEVINEChairman-$0--
NICK PREDDICE2nd Vice Chair-$0--
Filing and Contact Details

Filer

Filer Name
Hudson Valley Economic Development
EIN
45-2452108
Phone
8452202244
Address
42 CATHARINE STREET, POUGHKEEPSIE, NY 12601

Signing Officer

Name
Robert Levine Esq
Title
Chairman
Phone
8452202244
Signed
2022-05-13
Discuss with paid preparer
Yes

Preparer

Firm
Uhy Advisors Ny Inc
Address
45 FIVE MILE WOODS ROAD SUITE 1, CATSKILL, NY 12414
Preparer
Bradley Cummings
Phone
5189434502
Raw XML Appendix141 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/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.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
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