Overview
What is Washington County Local Development Corp?
Washington County Local Development Corp is a county-wide nonprofit organization situated in Fort Edward, New York. Their primary objective is to offer support, training, financing, follow-up, and a resource center for existing qualifying microenterprises and potential entrepreneurs. Their mission specifically involves providing loans to businesses that generate employment opportunities for low-to-middle income households. The organization operates from COUNTY OFFICE BLDG 383 BROADWAY and serves as a crucial resource for local businesses and entrepreneurs in the area.
Official website here: www.washingtoncountyny.gov
Is Washington County Local Development Corp legitimate?
Washington County Local Development Corp is a legitimate nonprofit organization registered as a 501(c)(4) entity. Washington County Local Development Corp 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:
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Other Salaries and Wages: $75,981
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Official website here: www.washingtoncountyny.gov
What is the mission statement of Washington County Local Development Corp?
The Washington County Local Development Corp's mission is centered around providing financial assistance to businesses. This organization specifically targets businesses that create employment opportunities for low-to-middle income households. As part of their mission, they offer a comprehensive support system, including training, financing, follow-up, and a resource center, to help existing microenterprises thrive and encourage potential entrepreneurs. Their goal is to foster business growth within the community, thereby contributing to job creation and economic development for a significant portion of the population.
Official website here: www.washingtoncountyny.gov
Who is the CEO of Washington County Local Development Corp?
Deanna Derway is the Chairman of Washington County Local Development Corp.
Official website here: www.washingtoncountyny.gov
What is the revenue of Washington County Local Development Corp?
Washington County Local Development Corp's revenue in 2022 was $264,348.
Official website here: www.washingtoncountyny.gov
Who are the executives of Washington County Local Development Corp and what are their salaries?
Here are 22 key members and their salaries:
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Official website here: www.washingtoncountyny.gov
Where can I find the form 990 for Washington County Local Development Corp?
Washington County Local Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.washingtoncountyny.gov
Learn more at the official website: www.washingtoncountyny.gov
Mission Statement of Washington County Local Development Corp
Washington County Local Development Corp, as a nonprofit organization, is committed to providing loans to businesses that generate employment opportunities for low- to middle-income households. This mission is instrumental in fostering economic growth and social mobility within the community. The corporation's activities are geared towards supporting, training, financing, and offering follow-up services to existing qualifying microenterprises and potential entrepreneurs. It operates as a resource center, offering a comprehensive suite of services to help these businesses thrive. By providing access to capital and resources, Washington County Local Development Corp aims to contribute to the local economy and improve the livelihoods of low- to middle-income families.
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Impact
October, 2024
Washington County Local Development Corp has a significant impact on the local economy by providing essential financial support to businesses that create jobs for low- to middle-income households. Through its county-wide program, it offers loans that empower existing microenterprises and emerging entrepreneurs, fostering growth and sustainability within the community.
The organization's efforts include not only financial assistance but also training and resources that enhance the capacity of local businesses. This comprehensive approach helps to create a robust support system for entrepreneurs, leading to increased employment opportunities and economic stability for families in the region. By focusing on community improvement, Washington County Local Development Corp plays a crucial role in driving economic development and enhancing the quality of life for residents in Fort Edward, NY, and surrounding areas.
This information is meant to be a general summary of Washington County Local Development Corp. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,848
- Program Service Revenue: $165,431
- Gross Receipts: $264,348
Assets and Liabilities:
- Total Assets: $5,077,698
- Total Liabilities: $71,764
- Net Assets: $5,005,934
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON RELENDING
Revenue
$165,431
Organization Details
Founding Year
1985
Phone
(518) 746-2292Principal Officer
Deanna Derway
Main Address
COUNTY OFFICE BLDG 383 BROADWAY, FORT EDWARD, NY, 12828
Website
www.washingtoncountyny.govNTEE Category
Code: S43 - Community improvement
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