Overview
What is Monroe County Industrial Development Corporation?
Monroe County Industrial Development Corporation is a resource-providing entity established in Rochester, New York. Their primary mission is to assist qualified for-profit businesses and non-profit organizations, contributing to the retention and creation of job opportunities within Monroe County. In 2022, they provided financial assistance to 61 job-creating businesses, demonstrating their significant role in local economic growth. Based at 50 West Main Street Suite 1150, they employ a team of four individuals dedicated to supporting the community's businesses and organizations.
Official website here: www.mcidcweb.com
Is Monroe County Industrial Development Corporation legitimate?
Monroe County Industrial Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Monroe County Industrial 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: $90,902
Professional Fundraising Fees: $0
Other Salaries and Wages: $230,965
For more financial information, click here
Official website here: www.mcidcweb.com
What is the mission statement of Monroe County Industrial Development Corporation?
The Monroe County Industrial Development Corporation's mission is centered around providing resources to qualified for-profit businesses and non-profit organizations. The primary goal is to facilitate the retention and creation of jobs and employment opportunities within Monroe County. To achieve this, the corporation offers financial assistance to job-creating businesses that demonstrate a financial need. In 2022, 61 businesses benefited from these resources.
Official website here: www.mcidcweb.com
What is the revenue of Monroe County Industrial Development Corporation?
Monroe County Industrial Development Corporation's revenue in 2023 was $2,083,927.
Official website here: www.mcidcweb.com
Who are the executives of Monroe County Industrial Development Corporation and what are their salaries?
The average compensation at Monroe County Industrial Development Corporation during 2023 was $64,373. There are 5 employees and 14 volunteers at Monroe County Industrial Development Corporation.
Here are 16 key members and their salaries:
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Official website here: www.mcidcweb.com
Where can I find the form 990 for Monroe County Industrial Development Corporation?
Monroe County Industrial Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mcidcweb.com
Learn more at the official website: www.mcidcweb.com
Mission Statement of Monroe County Industrial Development Corporation
Monroe County Industrial Development Corporation, in its mission, strives to provide essential resources to both for-profit businesses and non-profit organizations that have the potential to retain or create employment opportunities within Monroe County. The primary objective of this corporation is to facilitate job growth and expansion, thereby contributing to the local economy and workforce. In 2022, the corporation extended financial assistance to 61 businesses that demonstrated a significant need for such financial support. This intervention aimed to stimulate business development and sustainability, ultimately leading to the creation of new job opportunities and the retention of existing ones.
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Impact
October, 2024
The Monroe County Industrial Development Corporation plays a crucial role in enhancing the economic landscape of Monroe County by providing essential resources to both for-profit businesses and not-for-profit organizations. Its primary objective is to retain and create jobs, which directly translates into increased employment opportunities within the region.
In 2022 alone, the corporation assisted 61 businesses, offering financial assistance to those that demonstrated a clear need for financing. This support not only helps stabilize existing jobs but also fosters an environment for job creation, ultimately contributing to community growth and improvement in Rochester, NY. The focus on empowering diverse business sectors ensures that the local economy remains robust and adaptable to changing market conditions, benefiting the entire community.
This information is meant to be a general summary of Monroe County Industrial 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 2023.
- Investment Income: $170,994
- Program Service Revenue: $1,192,679
- Gross Receipts: $2,201,401
Assets and Liabilities:
- Total Assets: $6,771,194
- Total Liabilities: $267,433
- Net Assets: $6,503,761
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BOND FEE INCOME
Revenue
$924,150
FEES
Revenue
$263,881
MISCELLANEOUS
Revenue
$4,648
Organization Details
Founding Year
1962
Principal Officer
Hanif Abdul-Wahid
Website
www.mcidcweb.comNTEE Category
Code: S31 - Community improvement
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