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Lackawanna Community Development Corp

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

EIN: 161139428 ✦ Lackawanna, NY ✦ Designated as a 501(c)(3)

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Overview

What is Lackawanna Community Development Corp?

Lackawanna Community Development Corp is a nonprofit organization situated in Lackawanna, New York, with an address at 640 Ridge Road. Their primary objective is to foster economic development within the city of Lackawanna. They achieve this through various programs, including the State Facade Program for the Central Business District, Community Development Block Grant Programs, and initiatives to attract and retain businesses within the city. These programs aim to stimulate growth and improve the local economy.

Is Lackawanna Community Development Corp legitimate?

Lackawanna Community Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lackawanna Community 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:

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

For more financial information, click here

What is the mission statement of Lackawanna Community Development Corp?

The Lackawanna Community Development Corp's mission is centered around fostering economic growth. Specifically, their objective is to stimulate economic development within their operational sphere. They achieve this through various initiatives, such as the State Façade Program for the Central Business District, Community Development Block Grant Programs, and projects aimed at attracting and retaining businesses within their jurisdiction.

What is the revenue of Lackawanna Community Development Corp?

Lackawanna Community Development Corp's revenue in 2023 was $3,600.

Who are the executives of Lackawanna Community Development Corp and what are their salaries?

There 13 volunteers at Lackawanna Community Development Corp.

Here are 9 key members and their salaries:


Dean Otoka (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Schreiber (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gerard Herman (Voting Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mohammed Ali (Voting Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Garronski (Voting Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carl Cotroneo (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Grant Lesswing (Voting Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dena Marvel (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Thomas (Voting Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Lackawanna Community Development Corp?

Lackawanna Community Development Corp's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Lackawanna Community Development Corp

Lackawanna Community Development Corp, as its name suggests, is committed to fostering economic growth within the city of Lackawanna. This nonprofit organization's primary mission is to stimulate economic development, serving as a driving force for local economic progress. To achieve this goal, Lackawanna Community Development Corp employs various strategies.

One of their initiatives is the State Façade Program for the Central Business District. This program aims to enhance the appearance of businesses located in the central district, thereby improving the overall aesthetic appeal of the area and potentially attracting more businesses and customers. Another strategy is the implementation of Community Development Block Grant Programs. These grants are designed to support community development projects that benefit lower-income residents and eliminate slums or blighted areas. Lastly, Lackawanna Community Development Corp works on initiatives to attract and retain businesses within the city of Lackawanna. By implementing these various programs, the organization seeks to bolster the local economy and improve the quality of life for its residents.

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Impact




August, 2024

Lackawanna Community Development Corp's impact can be seen in the promotion of economic development in the city of Lackawanna. They run programs such as the State Facade Program for the central business district, Community Development Block Grant programs, and initiatives that aim to attract and retain businesses in Lackawanna. Through their efforts, they contribute to the growth and vitality of the local economy, creating opportunities for businesses and residents in the community.




This information is meant to be a general summary of Lackawanna Community 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.

Revenue
$3,600 (2023)
Expenses
$12,223 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Gross Receipts: $3,600

Assets and Liabilities:

  • Total Assets: $196,906
  • Total Liabilities: $22,592
  • Net Assets: $174,314

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Programs

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

PROGRAM INCOME

Revenue

$0

Organization Details

Founding Year

1979

Principal Officer

Deven Blowers

NTEE Category

Code: L25Z - Housing

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