Greater Glens Falls Local Development Co

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 141674747 ✦ Glens falls, NY ✦ Designated as a 501(c)(4)

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Overview

What is Greater Glens Falls Local Development Co?

Greater Glens Falls Local Development Co is a nonprofit organization that plays a significant role in the community by providing revolving loans to local businesses for redevelopment projects. This initiative contributes to the creation of job opportunities and helps decrease unemployment rates in the area. The corporation actively participates in economic development activities and has programs specifically designed to advance Glens Falls businesses and properties, ultimately contributing to the overall improvement of the local community.


Official website here: www.cityofglensfalls.com

Is Greater Glens Falls Local Development Co legitimate?

Greater Glens Falls Local Development Co is a legitimate nonprofit organization registered as a 501(c)(4) entity. Greater Glens Falls Local Development Co submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $16,580
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.cityofglensfalls.com

What is the mission statement of Greater Glens Falls Local Development Co?

The Greater Glens Falls Local Development Corporation's mission is centered around promoting economic growth and development. They achieve this by offering revolving loans to local businesses for redevelopment, thereby creating job opportunities and reducing unemployment. The corporation actively participates in economic development activities and has programs designed to enhance Glens Falls businesses and properties, ultimately contributing to the overall improvement of the local economy.


Official website here: www.cityofglensfalls.com

Who is the CEO of Greater Glens Falls Local Development Co?

Patrick Dowd is the Principal Officer of Greater Glens Falls Local Development Co. The CEO's salary of Greater Glens Falls Local Development Co is $0 and their total compensation is $0.


Official website here: www.cityofglensfalls.com

What is the revenue of Greater Glens Falls Local Development Co?

Greater Glens Falls Local Development Co's revenue in 2022 was $287,113.


Official website here: www.cityofglensfalls.com

Who are the executives of Greater Glens Falls Local Development Co and what are their salaries?


Here are 10 key members and their salaries (Greater Glens Falls Local Development Co's CEO's salary is $0 and their total compensation is $0):


Mayor Bill Collins (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judy Calogero (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lois Robinson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jane Reid (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr John Cordes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Gooden (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susanne Kasitch Through March 31St (Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Denise Conklin (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Dowd April Through December (Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Toomey (Cfo)
  • Compensation: $16,580
  • Related: $0
  • Other: $0


Official website here: www.cityofglensfalls.com

Where can I find the form 990 for Greater Glens Falls Local Development Co?

Greater Glens Falls Local Development Co's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.cityofglensfalls.com

Learn more at the official website: www.cityofglensfalls.com

Mission Statement of Greater Glens Falls Local Development Co

Greater Glens Falls Local Development Corporation is an organization with a mission to foster economic growth in the local community. They achieve this by offering revolving loans to local businesses for redevelopment projects. These loans not only create job opportunities but also contribute to reducing unemployment rates in the area. Moreover, the corporation engages in various economic development activities and has programs designed to enhance the businesses and properties in Glens Falls. In essence, Greater Glens Falls Local Development Corporation is committed to boosting the local economy and improving the livelihoods of its residents through business development and rejuvenation initiatives.

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Impact




October, 2024

Greater Glens Falls Local Development Corporation plays a pivotal role in the economic vitality of the Glens Falls area by providing revolving loans to local businesses focusing on redevelopment. This financial support not only fosters job creation but also helps to lower unemployment rates in the region. By engaging in various economic development activities and implementing programs designed to enhance local businesses and properties, the corporation contributes significantly to the overall community improvement, driving growth and sustainability within the area.




This information is meant to be a general summary of Greater Glens Falls Local Development Co. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$287,113 (2022)
Expenses
$335,896 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $204
  • Program Service Revenue: $1,219
  • Gross Receipts: $287,113

Assets and Liabilities:

  • Total Assets: $2,853,769
  • Total Liabilities: $360,899
  • Net Assets: $2,492,870

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST ON LOANS

Revenue

$1,219

Organization Details

Founding Year

1984

Principal Officer

Patrick Dowd

Main Address

42 RIDGE STREET, GLENS FALLS, NY, 12801

NTEE Category

Code: S31 - Community improvement

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