Greater Syracuse Business Development Co Development Corporation

Commercial Lender

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

EIN: 160906565 ✦ Syracuse, NY ✦ Designated as a 501(c)(6)

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Overview

What is Greater Syracuse Business Development Co Development Corporation?

The Greater Syracuse Business Development Co Development Corporation, functioning as a commercial lender, is a nonprofit organization based in Syracuse, New York. Situated at 224 Harrison Street Suite 320, this corporation's primary mission is to promote industrial and manufacturing growth, generate net wealth, create job opportunities, and enhance community prosperity within upstate New York. They accomplish this by offering capital and fixed asset loans to private businesses, thus contributing to reduced unemployment and overall community development.


Official website here: www.gsbdc.com

Is Greater Syracuse Business Development Co Development Corporation legitimate?

Greater Syracuse Business Development Co Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Greater Syracuse Business Development Co 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $105,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $84,387

For more financial information, click here


Official website here: www.gsbdc.com

What is the mission statement of Greater Syracuse Business Development Co Development Corporation?

The Greater Syracuse Business Development Co Development Corporation's mission is centered around promoting the establishment and growth of industrial and manufacturing businesses, as well as net wealth generating companies. Their primary objective is to generate job opportunities, reduce unemployment, and contribute to the overall improvement of community prosperity within a specific region, primarily upstate New York. They achieve this by providing capital and fixed asset loans to private businesses, thereby fostering economic development.


Official website here: www.gsbdc.com

Who is the CEO of Greater Syracuse Business Development Co Development Corporation?

Kenneth Gardiner is the Chairman/President of Greater Syracuse Business Development Co Development Corporation.


Official website here: www.gsbdc.com

What is the revenue of Greater Syracuse Business Development Co Development Corporation?

Greater Syracuse Business Development Co Development Corporation's revenue in 2022 was $209,466.


Official website here: www.gsbdc.com

Who are the executives of Greater Syracuse Business Development Co Development Corporation and what are their salaries?


Here are 15 key members and their salaries:


Kenneth Gardiner (Chairman/President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Slank (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dana Loucks (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adam E Panek (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew D'Agostino (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joan A Powers (Trustees)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russell T Rohan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
F Paul Vellano Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fredrick G Rudmann (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert L Vertucci (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan N Mcdonald (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald J Western (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth B Jardin Ii (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
David T Vega (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert W Ellis (Executive Director)
  • Compensation: $105,000
  • Related: $0
  • Other: $0


Official website here: www.gsbdc.com

Where can I find the form 990 for Greater Syracuse Business Development Co Development Corporation?

Greater Syracuse Business Development Co Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.gsbdc.com

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

Mission Statement of Greater Syracuse Business Development Co Development Corporation

Greater Syracuse Business Development Co Development Corporation is an organization with a mission to stimulate the establishment and growth of industrial and manufacturing enterprises, as well as net wealth-generating companies. Their primary objective is to create job opportunities, reduce unemployment, and enhance community prosperity within upstate New York. They accomplish this by offering capital and fixed asset loans to private businesses, thereby encouraging expansion and development in the region. In essence, the corporation serves as a catalyst for economic growth and development, contributing to a more prosperous community.

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Impact




October, 2024

The Greater Syracuse Business Development Corporation plays a pivotal role in fostering economic growth and enhancing community prosperity in upstate New York. By encouraging the establishment and expansion of industrial and manufacturing facilities, it significantly contributes to the region's economic landscape. The organization’s focus on net wealth-generating companies facilitates job creation, directly addressing unemployment issues and providing valuable opportunities for local residents.

Through its capital and fixed asset loans, the Corporation supports private businesses in their growth endeavors. This financial assistance not only enables companies to expand their operations but also helps them contribute to the local economy by creating jobs. The positive impact of these activities is felt throughout the community, as increased employment leads to improved standards of living and a more vibrant economic environment.

Overall, the Greater Syracuse Business Development Corporation is integral to driving sustainable development and fostering a thriving, prosperous community in Syracuse and the surrounding areas.




This information is meant to be a general summary of Greater Syracuse Business Development Co 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.

Revenue
$209,466 (2022)
Expenses
$280,285 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $209,316
  • Gross Receipts: $209,466

Assets and Liabilities:

  • Total Assets: $1,135,889
  • Total Liabilities: $30,530
  • Net Assets: $1,105,359

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Programs

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

Servicing Fees

Revenue

$133,172

Interest Income

Revenue

$35,795

Packaging Fees

Revenue

$22,500

Processing Fees

Revenue

$17,349

Application Fees

Revenue

$500

Organization Details

Founding Year

1962

Principal Officer

Kenneth Gardiner

Main Address

224 Harrison Street Suite 320, Syracuse, NY, 13202

NTEE Category

Code: S30 - Community improvement

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