Civic Intelligence

Chemung County Property Development Corporation

990 • Fiscal year 2025 • EIN 81-3982616

Jan 01, 2025 to Dec 31, 2025

Organization ProfileCHEMUNGLANDBANK.COM
400 East Church StreetElmira, NY 14901

(607) 654-7487

Siviq Scores

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

Liabilities / Assets

30th percentile

0.01x

Higher debt load relative to assets than 30% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

23rd percentile

0.00x

Higher debt load relative to revenue than 23% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

22nd percentile

-7.8%

Higher net margin than 22% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

42nd percentile

$0

Higher top officer pay than 42% of similar nonprofits.

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

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

7th percentile

-19%

Faster asset growth than 7% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

60th percentile

11%

Faster revenue growth than 60% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets30th percentile

Assets

Down

$423,522

Down $96,476 (-19%) from 2024

Net Assets

Down

$420,669

Down $87,391 (-17%) from 2024

Liabilities

Down

$2,853

Down $9,085 (-76%) from 2024

Revenue And Expenses
Liabilities / Revenue23rd percentileNet Margin22nd percentile

Revenue

Up

$1,126,666

Up $112,315 (+11%) from 2024

Expenses

Up

$1,214,057

Up $635,302 (+110%) from 2024

Net Income

Down

-$87,391

Down $522,987 (-120%) from 2024

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

$600K$400K$200K$0Assets 2018: $272,104Liabilities 2018: $214,624Net Assets 2018: $57,4802018Assets 2019: $333,709Liabilities 2019: $40,768Net Assets 2019: $292,9412019Assets 2020: $359,240Liabilities 2020: $244Net Assets 2020: $358,9962020Assets 2021: $372,320Liabilities 2021: $51Net Assets 2021: $372,2692021Assets 2022: $477,311Liabilities 2022: $7,264Net Assets 2022: $470,0472022Assets 2023: $167,170Liabilities 2023: $94,706Net Assets 2023: $72,4642023Assets 2024: $519,998Liabilities 2024: $11,938Net Assets 2024: $508,0602024Assets 2025: $423,522Liabilities 2025: $2,853Net Assets 2025: $420,6692025

Highlighted filing

2025

Assets$423,522
Liabilities$2,853
Net Assets$420,669
Open 2025 Filing

Operations Trend

Revenue Growth60th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2018: $653,636Expenses 2018: $596,184Net Income 2018: $57,4522018Revenue 2019: $860,396Expenses 2019: $624,935Net Income 2019: $235,4612019Revenue 2020: $555,039Expenses 2020: $488,984Net Income 2020: $66,0552020Revenue 2021: $580,002Expenses 2021: $566,729Net Income 2021: $13,2732021Revenue 2022: $410,597Expenses 2022: $312,819Net Income 2022: $97,7782022Revenue 2023: $260,782Expenses 2023: $658,365Net Income 2023: -$397,5832023Revenue 2024: $1,014,351Expenses 2024: $578,755Net Income 2024: $435,5962024Revenue 2025: $1,126,666Expenses 2025: $1,214,057Net Income 2025: -$87,3912025

Highlighted filing

2025

Revenue$1,126,666
Expenses$1,214,057
Net Income-$87,391
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Mar 26, 2026
Return Version
2025v4.0
Gross Receipts
$1,126,666
Mission and Program Overview

Mission

The corporation was established to combat the problem of vacant and abandoned properties in chemung county and the city of elmira and facilitate the return of vacant, abandoned and tax-delinquent properties to productive use.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$506,953$300,865▼ $206,088
Savings and Temporary Cash Investments-$102,361-
Prepaid Expenses and Deferred Charges$13,042$13,971▲ $929
Accounts Receivable$3$6,325▲ $6,322
Total Assets$519,998$423,522▼ $96,476
Liabilities
Accounts Payable and Accrued Expenses$11,938$2,853▼ $9,085
Total Liabilities$11,938$2,853▼ $9,085
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$508,060$420,669▼ $87,391
Total Net Assets Fund Balance$508,060$420,669▼ $87,391
Total Liabilities and Net Assets / Fund Balance$519,998$423,522▼ $96,476
Compensation and Service Providers
Top Officer Pay42nd percentile

Board Members and Trustees

NameTitle
L Thomas SweetChairman
Brent StermerVice Chairman
Dave MccormickBoard Member
Michelle JohnsonBoard Member
Theresa MurdockBoard Member
Warren RomanBoard Member
Emma MiranSecretary
Joseph RomanTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Christopher EasonConstruction Services7264 HUNGRY HOLLOW RD, Hornell, NY 14843$273,285
Griffin Construction Of Nys INCConstruction ServicesPO BOX 307, Cohocton, NY 14826$262,500
Paw Home Solutions LLCConstruction Services332 BANNISTER ROAD, Breesport, NY 14816$159,720
Lcp Group INCConstruction Services3421 VESTAL ROAD, Vestal, NY 13850$145,200
Revenue and Support

Revenue Composition

Contributions and Grants
$1,123,945
Program Service Revenue
$0
Investment Income
$2,721
Other Revenue
$0
Change in Net Assets
$-87,391

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,126,666
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,126,666
Total Revenue per Form 990
$1,126,666
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,214,057
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$126,500-$126,500
Insurance-$31,503-$31,503
Fees for Services Other-$7,625-$7,625
Occupancy$3,717--$3,717
Other Expenses$2,020$2,465-$2,020
Advertising-$184-$184
Total Functional Expenses$1,017,300$196,757$0$1,214,057

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,214,057
Total Expenses per Audited Statements$1,214,057
Total Expenses per Form 990$1,214,057
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“NO SUCH COMMITTEES.”

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

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

Form 990, Part VI, Section C, Line 19

“Forms are available upon request at the organization's office during regular business hours.”

Filing and Contact Details

Filer

Filer Name
Chemung County Property Development
EIN
81-3982616
Phone
6076547487
Address
400 EAST CHURCH STREET, ELMIRA, NY 14901

Signing Officer

Name
L Thomas Sweet
Title
Chairman
Phone
6076547487
Signed
2026-03-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
L Thomas Sweet
Formed
2016
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Efpr Advisory LLC
Address
6390 MAIN STREET SUITE 200, WILLIAMSVILLE, NY 14221
Preparer
David a Urban CPA
Phone
7166340700
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“No change in audit selection or oversight in the current year.”

Financial Statement Notes

PART X, LINE 2:

“The corporation is exempt from income taxes under section 501(c)(3) of the internal revenue code (the code); therefore, no provision for income taxes is reflected in the financial statements. The corporation has been classified as a publicly supported organization that is not a private foundation under section 509(a) of the code. The corporation presently discloses or recognizes income tax positions based on management's estimate of whether it is reasonably possible or probable that a liability has been incurred for unrecognized income taxes. Management has concluded that the corporation has taken no uncertain tax positions that require adjustment in its financial statements. U.s. Forms 990 filed by the corporation are subject to examination by taxing authorities.”

Raw XML Appendix395 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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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02162582
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02721
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0426
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0306
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0540
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0309
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt04302
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01224892
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0500
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0122
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0622
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99770
IRS990ScheduleA/PublicSupportPY170Pct00.99030
IRS990ScheduleA/PublicSupportTotal170Amt02162582
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01123945
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0540467
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0154094
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt073000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0271076
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02162582
IRS990ScheduleA/TotalSupportAmt02167506
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/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01214057
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01126666
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE); THEREFORE, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE FINANCIAL STATEMENTS. THE CORPORATION HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. THE CORPORATION PRESENTLY DISCLOSES OR RECOGNIZES INCOME TAX POSITIONS BASED ON MANAGEMENT'S ESTIMATE OF WHETHER IT IS REASONABLY POSSIBLE OR PROBABLE THAT A LIABILITY HAS BEEN INCURRED FOR UNRECOGNIZED INCOME TAXES. MANAGEMENT HAS CONCLUDED THAT THE CORPORATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT IN ITS FINANCIAL STATEMENTS. U.S. FORMS 990 FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01214057
IRS990ScheduleD/TotalRevenuePerForm990Amt01126666
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01126666
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01214057
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO SUCH COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORMS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE DURING REGULAR BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO CHANGE IN AUDIT SELECTION OR OVERSIGHT IN THE CURRENT YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0519998
IRS990/TotalAssetsEOYAmt0423522
IRS990/TotalAssetsGrp/BOYAmt0519998
IRS990/TotalAssetsGrp/EOYAmt0423522
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01123945
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0196757
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01017300
IRS990/TotalFunctionalExpensesGrp/TotalAmt01214057
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt011938
IRS990/TotalLiabilitiesEOYAmt02853
IRS990/TotalLiabilitiesGrp/BOYAmt011938
IRS990/TotalLiabilitiesGrp/EOYAmt02853
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0508060
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0420669
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01017300
IRS990/TotalReportableCompFromOrgAmt00
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0519998
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IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0400 EAST CHURCH STREET
IRS990/USAddress/CityNm0ELMIRA
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd014901
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0CHEMUNGLANDBANK.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0L THOMAS SWEET
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum06076547487
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-03-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHEMUNG COUNTY PROPERTY DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0CHEM
ReturnHeader/Filer/EIN0813982616
ReturnHeader/Filer/PhoneNum06076547487
ReturnHeader/Filer/USAddress/AddressLine1Txt0400 EAST CHURCH STREET
ReturnHeader/Filer/USAddress/CityNm0ELMIRA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd014901
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0333303535
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EFPR ADVISORY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06390 MAIN STREET SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WILLIAMSVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd014221
ReturnHeader/PreparerPersonGrp/PhoneNum07166340700
ReturnHeader/PreparerPersonGrp/PreparationDt02026-03-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID A URBAN CPA
ReturnHeader/ReturnTs02026-03-30T11:06:22-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02025-01-01
ReturnHeader/TaxPeriodEndDt02025-12-31
ReturnHeader/TaxYr02025

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$423,522
Liabilities
$2,853
Net assets
$420,669
Revenue
$1,126,666
Expenses
$1,214,057
Net income
-$87,391
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.42$0.00$0.42$1.13$1.21$0.09
2024Detailed filing. Detailed filing data is available for this year.$0.52$0.01$0.51$1.01$0.58$0.44
2023Detailed filing. Detailed filing data is available for this year.$0.17$0.09$0.07$0.26$0.66$0.40
2022Detailed filing. Detailed filing data is available for this year.$0.48$0.01$0.47$0.41$0.31$0.10
2021Detailed filing. Detailed filing data is available for this year.$0.37$0.00$0.37$0.58$0.57$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.36$0.00$0.36$0.56$0.49$0.07
2019Detailed filing. Detailed filing data is available for this year.$0.33$0.04$0.29$0.86$0.62$0.24
2018Detailed filing. Detailed filing data is available for this year.$0.27$0.21$0.06$0.65$0.60$0.06