Civic Intelligence

Orange County Business Development Corp

990EZ • Fiscal year 2015 • EIN 90-0249263

May 01, 2014 to Apr 30, 2015 • Filed on Dec 15, 2015

Organization ProfileN/A
30 Scotts Corners DriveMontgomery, NY 12549

(845) 457-9700

Siviq Scores

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

Liabilities / Assets

96th percentile

0.93x

Higher debt load relative to assets than 96% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

100th percentile

4.89x

Higher debt load relative to revenue than 100% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Net Margin

18th percentile

-13%

Higher net margin than 18% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Top Officer Pay

69th percentile

$0

Higher top officer pay than 69% of similar nonprofits.

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

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Asset Growth

28th percentile

-8.0%

Faster asset growth than 28% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

100th percentile

920%

Faster revenue growth than 100% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$376,605

Down $32,566 (-8.0%) from 2014

Net Assets

Down

$27,147

Down $9,008 (-25%) from 2014

Liabilities

Down

$349,458

Down $23,558 (-6.3%) from 2014

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin18th percentile

Revenue

Up

$71,473

Up $64,463 (+920%) from 2014

Expenses

Up

$80,481

Up $68,040 (+547%) from 2014

Net Income

Down

-$9,008

Down $3,577 (-66%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

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

$600K$400K$200K$0-$200KAssets 2010: $270,724Liabilities 2010: $221,525Net Assets 2010: $49,1992010Assets 2011: $457,939Liabilities 2011: $417,261Net Assets 2011: $40,6782011Assets 2012: $495,961Liabilities 2012: $453,981Net Assets 2012: $41,9802012Assets 2013: $418,772Liabilities 2013: $377,186Net Assets 2013: $41,5862013Assets 2014: $409,171Liabilities 2014: $373,016Net Assets 2014: $36,1552014Assets 2015: $376,605Liabilities 2015: $349,458Net Assets 2015: $27,1472015Assets 2016: $306,393Liabilities 2016: $249,392Net Assets 2016: $57,0012016Assets 2017: $298,560Liabilities 2017: $263,320Net Assets 2017: $35,2402017Assets 2018: $310,448Liabilities 2018: $278,806Net Assets 2018: $31,6422018Assets 2019: $307,944Liabilities 2019: $278,806Net Assets 2019: $29,1382019Assets 2020: $307,458Liabilities 2020: $278,806Net Assets 2020: $28,6522020Assets 2021: $276,586Liabilities 2021: $278,806Net Assets 2021: -$2,2202021Assets 2022: $275,672Liabilities 2022: $278,806Net Assets 2022: -$3,1342022

Highlighted filing

2015

Assets$376,605
Liabilities$349,458
Net Assets$27,147
Open 2015 Filing

Operations Trend

Revenue Growth100th percentile

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

$100K$50K$0-$50KRevenue 2010: $11,014Expenses 2010: $5,550Net Income 2010: $5,4642010Revenue 2011: $17,526Expenses 2011: $26,047Net Income 2011: -$8,5212011Revenue 2012: $11,774Expenses 2012: $10,472Net Income 2012: $1,3022012Revenue 2013: $10,077Expenses 2013: $10,471Net Income 2013: -$3942013Revenue 2014: $7,010Expenses 2014: $12,441Net Income 2014: -$5,4312014Revenue 2015: $71,473Expenses 2015: $80,481Net Income 2015: -$9,0082015Revenue 2016: $41,374Expenses 2016: $11,520Net Income 2016: $29,8542016Revenue 2017: $1,164Expenses 2017: $4,330Net Income 2017: -$3,1662017Revenue 2018: $11,235Expenses 2018: $14,833Net Income 2018: -$3,5982018Revenue 2019: $313Expenses 2019: $2,817Net Income 2019: -$2,5042019Revenue 2020: $433Expenses 2020: $918Net Income 2020: -$4852020Revenue 2021: $222Expenses 2021: $31,094Net Income 2021: -$30,8722021Revenue 2022: $4Expenses 2022: $918Net Income 2022: -$9142022

Highlighted filing

2015

Revenue$71,473
Expenses$80,481
Net Income-$9,008
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2014 to Apr 30, 2015
Signed
Dec 15, 2015
Return Version
2014v6.0
Gross Receipts
$71,473
Mission and Program Overview

Mission

Provide low cost loans to small businesses.

Improvement of business conditions.

Program Services

DescriptionGrantsExpenses
PROVIDE LOW COST LOANS TO SMALL BUSINESSES--
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
CYNTHIA CLUNEVice Preside-$0--
KATHERINE FITZGERALDSecretary-$0--
LYNN CIONEPresidentPT$0--
CHARLIE MILICHBoard Of Director-$0--
THOMAS SULLIVANBoard Of Director-$0--
RALPH MARTUCCITreasurer-$0--
JOHN MCDERMOTT IIIBoard Of Director-$0--
F EDWARD DEVITTBoard Of Director-$0--
MICHAEL GITTELSOHNBoard Of Director-$0--
THOMAS MASTERSONBoard Of Director-$0--
JAMES WRIGHTBoard Of Director-$0--
BRIAN RATYNSKIBoard Of Director-$0--
Filing and Contact Details

Filer

Filer Name
Orange County Business
EIN
90-0249263
Phone
8454579700
Address
30 SCOTTS CORNERS DRIVE, MONTGOMERY, NY 12549

Signing Officer

Name
Lynn Allen Cione
Title
President
Phone
8454579700
Signed
2015-12-15
Discuss with paid preparer
Yes

Preparer

Firm
Vanacoredebenedictusdigovanni&weddell
Address
11 RACQUET RD, NEWBURGH, NY 12550
Preparer
Michael a Turturro CPA
Phone
8455679000
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses interest 72,616 insurance 340 administration costs 7,500 filing fee 25 total 80,481”

Form 990-ez, Part II, Line 24

“Accounts receivable 97,533 0 notes receivable 204,381 187,145 interest receivable 30,584 46,321 total 332,498 233,466”

Form 990-ez, Part II, Line 26

“Accounts payable and accrued expenses 27,500 49,350 unsecured notes and loans payable 319,733 274,325 accrued interest payable 7,883 7,883 certificate of indebtedness 17,900 17,900”

Raw XML Appendix133 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
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IRS990EZ/BooksInCareOfDetail/PersonNm0ADRIANNA ANDRADE
IRS990EZ/BooksInCareOfDetail/PhoneNum08454579700
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt030 SCOTTS CORNERS DRIVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0MONTGOMERY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd012549
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt076673
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0143139
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-9008
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0409171
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IRS990EZ/GrossReceiptsAmt071473
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt071473
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt036155
IRS990EZ/NetAssetsOrFundBalancesEOYAmt027147
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt036155
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt027147
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt25.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt61.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt101.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt111.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt100
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt110
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0CYNTHIA CLUNE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1KATHERINE FITZGERALD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2LYNN CIONE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3CHARLIE MILICH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4THOMAS SULLIVAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5RALPH MARTUCCI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6JOHN MCDERMOTT III
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7F EDWARD DEVITT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8MICHAEL GITTELSOHN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9THOMAS MASTERSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm10JAMES WRIGHT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm11BRIAN RATYNSKI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3BOARD OF DIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD OF DIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6BOARD OF DIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7BOARD OF DIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8BOARD OF DIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9BOARD OF DIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt10BOARD OF DIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt11BOARD OF DIR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0332498
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0233466
IRS990EZ/OtherExpensesTotalAmt080481
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0IMPROVEMENT OF BUSINESS CONDITIONS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROVIDE LOW COST LOANS TO SMALL BUSINESSES
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0373016
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0349458
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt080481
IRS990EZ/TotalRevenueAmt071473
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES INTEREST 72,616 INSURANCE 340 ADMINISTRATION COSTS 7,500 FILING FEE 25 TOTAL 80,481
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 97,533 0 NOTES RECEIVABLE 204,381 187,145 INTEREST RECEIVABLE 30,584 46,321 TOTAL 332,498 233,466
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 27,500 49,350 UNSECURED NOTES AND LOANS PAYABLE 319,733 274,325 ACCRUED INTEREST PAYABLE 7,883 7,883 CERTIFICATE OF INDEBTEDNESS 17,900 17,900
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LYNN ALLEN CIONE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08454579700
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-12-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ORANGE COUNTY BUSINESS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEVELOPMENT CORP
ReturnHeader/Filer/BusinessNameControlTxt0ORAN
ReturnHeader/Filer/EIN0900249263
ReturnHeader/Filer/PhoneNum08454579700
ReturnHeader/Filer/USAddress/AddressLine1Txt030 SCOTTS CORNERS DRIVE
ReturnHeader/Filer/USAddress/CityNm0MONTGOMERY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd012549
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0141604297
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VANACOREDEBENEDICTUSDIGOVANNI&WEDDELL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt011 RACQUET RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEWBURGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd012550
ReturnHeader/PreparerPersonGrp/PhoneNum08455679000
ReturnHeader/PreparerPersonGrp/PreparationDt02015-12-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL A TURTURRO CPA
ReturnHeader/ReturnTs02016-02-25T16:38:53-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-05-01
ReturnHeader/TaxPeriodEndDt02015-04-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$376,605
Liabilities
$349,458
Net assets
$27,147
Revenue
$71,473
Expenses
$80,481
Net income
-$9,008
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$2.76$2.79$0.03$0.00$0.01$0.01
2021Detailed filing. Detailed filing data is available for this year.$2.77$2.79$0.02$0.00$0.31$0.31
2020Detailed filing. Detailed filing data is available for this year.$3.07$2.79$0.29$0.00$0.01$0.00
2019Detailed filing. Detailed filing data is available for this year.$3.08$2.79$0.29$0.00$0.03$0.03
2018Detailed filing. Detailed filing data is available for this year.$3.10$2.79$0.32$0.11$0.15$0.04
2017Detailed filing. Detailed filing data is available for this year.$2.99$2.63$0.35$0.01$0.04$0.03
2016Detailed filing. Detailed filing data is available for this year.$3.06$2.49$0.57$0.41$0.12$0.30
2015Detailed filing. Detailed filing data is available for this year.$3.77$3.49$0.27$0.71$0.80$0.09
2014Detailed filing. Detailed filing data is available for this year.$4.09$3.73$0.36$0.07$0.12$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.19$3.77$0.42$0.10$0.10$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.96$4.54$0.42$0.12$0.10$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.58$4.17$0.41$0.18$0.26$0.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.71$2.22$0.49$0.11$0.06$0.05