Overview
What is Excelsior Local Development Corporation?
The Excelsior Local Development Corporation is a nonprofit organization committed to assisting small businesses in New York. Their primary objective is to help small businesses acquire real estate and undertake construction, renovation, or other improvements, thereby fostering business growth and enhancing the economic well-being of the state. They also encourage the establishment of new businesses and industries in New York and provide financing to both new and existing ones to create and retain jobs within the state.
Is Excelsior Local Development Corporation legitimate?
Excelsior Local Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Excelsior 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.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $44,271
For more financial information, click here
Mission Statement of Excelsior Local Development Corporation
Excelsior Local Development Corporation is an organization dedicated to supporting the growth and prosperity of small businesses within New York State. Their primary mission is to aid these businesses in the acquisition of real estate, as well as construction, renovation, or any necessary improvements on these properties. By doing so, they aim to foster a conducive environment for the expansion and enhancement of small businesses, thereby promoting economic welfare in the state.
Furthermore, Excelsior Local Development Corporation plays a significant role in encouraging the establishment of new businesses and industries within New York State. They offer financing solutions to both new and existing businesses and industries, thereby facilitating job creation and retention within the state. Their ultimate goal is to contribute to the overall business prosperity and economic well-being of New York State.
Impact
This information is meant to be a general summary of Excelsior Local Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Excelsior Local Development Corporation's impact can be seen in the tangible support it provides to small businesses in New York. By facilitating the acquisition of real property, financing construction, renovation, and other improvements, this organization directly contributes to the business prosperity and economic welfare of the state. Additionally, by encouraging and assisting in the location of new business and industry in New York, Excelsior Local Development Corporation helps to stimulate economic growth and create job opportunities within the state. Through its robust mission and dedication to community improvement, this organization plays a vital role in fostering a thriving business environment and enhancing the overall economic landscape of New York.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME
Revenue
$757,021
ORIGINATION FEES
Revenue
$13,200
Organization Details
Founding Year
2019
Phone
(518) 463-2268
Principal Officer
Patrick J Mackrell
Main Address
50 BEAVER STREET, ALBANY, NY, 12207
NTEE Category
Code: S30 - Community improvement
If you are a representative of Excelsior Local Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.