Overview
What is City Of Kingston Local Development Corporation?
The City of Kingston Local Development Corporation (KLDC) is a nonprofit organization situated in Kingston, New York. Their primary mission is to stimulate employment growth, encourage the retention and development of businesses, and alleviate the government's burden within the city of Kingston. To achieve this, KLDC administers a revolving loan program. This involves reviewing loan applications and following up on delinquent loans, providing financial assistance to eligible businesses and projects, thereby contributing to the overall economic development of the city.
Official website here: www.kingston-ny.gov/kldc
Is City Of Kingston Local Development Corporation legitimate?
City Of Kingston Local Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. City Of Kingston Local Development Corporation 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.
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Official website here: www.kingston-ny.gov/kldc
What is the mission statement of City Of Kingston Local Development Corporation?
The City of Kingston Local Development Corporation's mission is centered around promoting additional employment opportunities and encouraging the retention and development of businesses within its jurisdiction. Its goal is also to lessen the burden of government, aiming to foster a business-friendly environment. The corporation's activities primarily involve administering a revolving loan program, which includes reviewing loan applications and following up on delinquent loans. This initiative aims to support the growth and sustainability of businesses within the city.
Official website here: www.kingston-ny.gov/kldc
Who is the CEO of City Of Kingston Local Development Corporation?
Steven T Noble is the President of City Of Kingston Local Development Corporation.
Official website here: www.kingston-ny.gov/kldc
What is the revenue of City Of Kingston Local Development Corporation?
City Of Kingston Local Development Corporation's revenue in 2022 was $188,920.
Official website here: www.kingston-ny.gov/kldc
Who are the executives of City Of Kingston Local Development Corporation and what are their salaries?
There 11 volunteers at City Of Kingston Local Development Corporation.
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Official website here: www.kingston-ny.gov/kldc
Where can I find the form 990 for City Of Kingston Local Development Corporation?
City Of Kingston Local Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kingston-ny.gov/kldc
Learn more at the official website: www.kingston-ny.gov/kldc
Mission Statement of City Of Kingston Local Development Corporation
The City of Kingston Local Development Corporation (KLDC) is dedicated to fostering additional employment opportunities, encouraging the retention and development of businesses, and alleviating the burden of government within the city of Kingston, New York. In pursuit of this mission, KLDC administers a revolving loan program, meticulously reviewing applications and following up on delinquent loans. This program serves as a vital tool in supporting the economic growth and development within the city. By promoting employment and business expansion, KLDC contributes to the overall well-being and prosperity of the community, making it an essential partner in local development efforts.
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Impact
October, 2024
The City of Kingston Local Development Corporation (KLDC) plays a pivotal role in enhancing the economic landscape of Kingston, New York. By actively promoting additional employment opportunities, KLDC fosters a healthier job market that benefits residents and businesses alike. The organization emphasizes the retention and development of local businesses, enabling them to thrive and contribute to the community's overall economic stability.
KLDC also administers a revolving loan program, providing crucial financial support to entrepreneurs and existing businesses. This program not only facilitates capital access for those in need but also ensures diligent oversight through the review of applications and follow-up on delinquent loans, thereby mitigating financial risks for the city. Overall, KLDC’s initiatives lessen the administrative burden on local government, allowing it to focus on broader community improvement efforts. Through these actions, the organization significantly contributes to the growth and sustainability of Kingston’s economy, enhancing the quality of life for its residents.
This information is meant to be a general summary of City Of Kingston Local Development Corporation. 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: $6,127
- Program Service Revenue: $136,356
- Gross Receipts: $188,920
Assets and Liabilities:
- Total Assets: $10,094,067
- Total Liabilities: $3,188,981
- Net Assets: $6,905,086
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$112,038
INTEREST INCOME - SEC
Revenue
$16,745
INTEREST INCOME - CDRL
Revenue
$7,148
INTEREST INCOME - KRLF
Revenue
$424
INTEREST INCOME - MICR
Revenue
$1
Organization Details
Founding Year
1994
Phone
(845) 334-3930Principal Officer
Steven T Noble
Main Address
420 BROADWAY, KINGSTON, NY, 12401
Website
www.kingston-ny.gov/kldcNTEE Category
Code: S31Z - Community improvement
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