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Griffiss Local Development Corporation

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

EIN: 161471446 ✦ Rome, NY ✦ Designated as a 501(c)(3)

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Overview

What is Griffiss Local Development Corporation?

Griffiss Local Development Corporation is a nonprofit organization situated in Rome, New York. Their primary mission is to revitalize the former Griffiss Air Force Base, transforming it into a thriving Business and Technology Park. This involves leasing or selling underutilized buildings and vacant lands within the park. With a team of 14 dedicated individuals, they aim to foster economic growth and stimulate innovation in the local community, thereby contributing to the region's overall development.


Official website here: www.griffissldc.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96% (Four-Star out of Four Stars)

The Griffiss Local Development Corporation has achieved a high rating of 96%, indicating strong performance in accountability and finance. The organization demonstrates a commitment to transparency and sound financial practices, as reflected by its 100% score for its independent board members and the absence of any material diversion of assets. This level of oversight contributes to the charity's overall credibility and effectiveness in fulfilling its mission.

In terms of financial health, the corporation maintains an impressive program expense ratio of 93.49%, suggesting that a significant portion of its resources is directed towards its programs and services rather than administrative costs. Additionally, the organization has established robust governance policies, including conflict of interest and whistleblower policies, which further support its integrity and ethical standards.

While the organization showcases many strengths, the summary data does not indicate specific areas of improvement or limitations within its operations. Overall, the Griffiss Local Development Corporation is recognized as a reliable nonprofit with strong governance and financial practices, meriting the confidence of donors and stakeholders alike.


This AI summary has been generated from information found on Charity Navigator.

Is Griffiss Local Development Corporation legitimate?

Griffiss Local Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Griffiss 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $637,804

For more financial information, click here


Official website here: www.griffissldc.org

What is the mission statement of Griffiss Local Development Corporation?

The Griffiss Local Development Corporation's mission is centered around the redevelopment of a former airforce base into a thriving business and technology park. This organization works towards transforming the vacant buildings and lands within the park, either through leasing or selling them, with the aim of establishing a bustling business hub. The corporation's activities are geared towards revitalizing the area and fostering economic growth and technological innovation.


Official website here: www.griffissldc.org

Who is the CEO of Griffiss Local Development Corporation?

Elis Delia is the Chairman of Griffiss Local Development Corporation.


Official website here: www.griffissldc.org

What is the revenue of Griffiss Local Development Corporation?

Griffiss Local Development Corporation's revenue in 2022 was $5,293,628.


Official website here: www.griffissldc.org

Who are the executives of Griffiss Local Development Corporation and what are their salaries?

The average compensation at Griffiss Local Development Corporation during 2022 was $45,557. There are 14 employees and 11 volunteers at Griffiss Local Development Corporation.


Here are 13 key members and their salaries:


Elis Delia (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Martin (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deborah Grogan (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Evan Degennaro (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erin Weiman (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chad Lawrence (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Manuele (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Vetrone (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Winberg (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Cusack (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Franca Armstrong (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Macdiarmid (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura Cohen (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.griffissldc.org

Where can I find the form 990 for Griffiss Local Development Corporation?

Griffiss Local Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.griffissldc.org

Learn more at the official website: www.griffissldc.org

Mission Statement of Griffiss Local Development Corporation

Griffiss Local Development Corporation is committed to transforming a former Air Force base into a thriving Business and Technology Park. Their mission, in simpler terms, involves redeveloping the abandoned space, which is located in Rome, New York, into a hub for businesses and technological innovation. This endeavor includes leasing or selling vacant buildings and unused lands within the park, all under the coordination of Griffiss Redevelopment. The corporation's goal is to breathe new life into the area, fostering economic growth and creating opportunities for businesses and the community as a whole.

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Impact




October, 2024

Griffiss Local Development Corporation is instrumental in transforming the former Griffiss Air Force Base in Rome, New York, into a vibrant business and technology park. By coordinating the redevelopment efforts, it facilitates the leasing and sale of unoccupied buildings and vacant lands, attracting businesses and fostering economic growth in the region. This revitalization not only creates jobs but also enhances the community's infrastructure and resources, promoting innovation and supporting local entrepreneurs. Ultimately, the corporation plays a vital role in driving community improvement and ensuring a prosperous economic future for the area.




This information is meant to be a general summary of Griffiss 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.

Revenue
$5,293,628 (2022)
Expenses
$6,316,948 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$31,810
  • Program Service Revenue: $3,584,006
  • Gross Receipts: $5,451,382

Assets and Liabilities:

  • Total Assets: $29,081,814
  • Total Liabilities: $11,167,099
  • Net Assets: $17,914,715

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Programs

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

BLDG LEASE INCOME

Revenue

$2,788,716

OTHER LEASE INCOME

Revenue

$402,506

PAYMENTS IN LIEU OF TA

Revenue

$353,596

REIMBURSEMENTS

Revenue

$46,838

EQUITY INCOME OF 99 OT

Revenue

-$7,650

Organization Details

Founding Year

1994

Principal Officer

Elis Delia

Main Address

584 PHOENIX DRIVE, ROME, NY, 13441

NTEE Category

Code: S30Z - Community improvement

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