Schenectady Local Development Corp in Schenectady, New York (NY)
Table of contents:
| Schenectady Local Development Corp | |
| Employer Identification Number (EIN) | 222324228 |
| Name of Organization | Schenectady Local Development Corp |
| Address | 105 Jay St, Schenectady, NY 12305-1905 |
| Activities | Area development, redevelopment of renewal |
| Subsection | Charitable Organization |
| Ruling Date | 03/1991 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $469,095 |
| Amount of Income | $71,135 |
| Form 990 Revenue Amount | $71,135 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Urban, Community Economic Development |
Non-representatives - add comments:
Amount of income in 2012: $71,135 (it was $141,899 in 2011)
| Schenectady Local Development Corp: | $71,135 |
| Other organizations performing similar types of work: | $738,131 |
Assets in 2012: $469,095 (it was $458,402 in 2011)
| Schenectady Local Development Corp: | $469,095 |
| Other organizations performing similar types of work: | $2,863,992 |
Expenses in 2012: $14,057
| Schenectady Local Development Corp: | $14,057 |
| Other organizations performing similar types of work: | $653,069 |
Income to expenses ratio in 2012: 5.1
| Schenectady Local Development Corp: | 5.1 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 0.0%
| Schenectady Local Development Corp: | 0.0% |
| Other organizations performing similar types of work: | 37.7% |
Revenue for 2012
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012) | |
| Total revenue | $71,135 |
| Contributions, gifts, grants, and similar amounts received | $0 |
| Program service revenue including government fees and contracts | $70,913 |
| Membership dues and assessments | $0 |
| Investment income | $222 |
| Gain from sale of assets other than inventory | $0 |
| Net income from gaming and fundraising events | $0 |
| Gross profit from sales of inventory | $0 |
| Other revenue | $0 |
| Total expenses | $14,057 |
| Total net assets | $144,901 |
| Excess for the year | $57,078 |
| Net assets or fund balances at beginning of year | $87,823 |
| Other changes in net assets or fund balances | $0 |
| Balance Sheets (for 2012) | |
| Total assets | $469,095 |
| Total liabilities | $324,194 |
| Net assets or fund balances | $144,901 |
| Other Information (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Reason for Public Charity Status (for 2012) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total support | $703,769 |
| Gifts, grants, contributions, and membership fees received | $0 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $696,943 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $6,826 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | New York City Economic Development Corporation | 110 William St Lbby 5, New York, NY 10038-3912 | NY | 1985-03 | $664,016,417 |
| 2 | Upper Manhattan Empowerment Zone Development Corporation | 55 West 125th Street 11th Fl, New York, NY 10027-4516 | NY | 1996-06 | $4,346,025 |
| 3 | Economic Development Growth Enterprises Corporation | 584 Phoenix Dr, Rome, NY 13441-4913 | NY | 1988-09 | $4,284,322 |
| 4 | Civic Capital Corporation | One Battery Park Plaza, New York, NY 10004-1405 | NY | 1999-12 | $2,455,937 |
| 5 | Allen A M E Housing Corp | 11031 Merrick Blvd, Jamaica, NY 11433-3440 | NY | 1982-09 | $1,295,493 |
| 6 | Metropolitan Development Assn Of Syracuse & Onondaga County Inc | 115 W Fayette St, Syracuse, NY 13202-1305 | NY | 1961-05 | $1,084,969 |
| 7 | Syracuse Economic Development Corporation | City Hall Cmn - 201 E Washington St, Syracuse, NY 13202 | NY | 1985-08 | $203,571 |
| 8 | East Brooklyn District Management Association Inc | 80 Jamaica Ave, Brooklyn, NY 11207-2045 | NY | 1985-03 | $95,000 |
| 9 | Cheektowaga Economic Development Corporation | 275 Alexander Ave, Cheektowaga, NY 14211-2742 | NY | 1985-09 | $18,377 |
| 10 | Rdc Commercial Center Inc | 1368 Fulton Street, Brooklyn, NY 11216-5372 | NY | 1993-08 | $2,925,606 |
| 11 | Union County Economic Development Corp | 75 Chestnut St, Cranford, NJ 07016-2937 | NJ | 1979-04 | $2,780,218 |
| 12 | Rock Hill Economic Development Corporation | PO BOX 11706, Rock Hill, SC 29731-1706 | SC | 1984-01 | $1,413,791 |
| 13 | Sobro Development Corporation | 555 Bergen Ave, Bronx, NY 10455-1368 | NY | 1983-06 | $671,663 |
| 14 | Watertown Industrial Center Local Development Corporation | 800 Starbuck Avenue, Watertown, NY 13601-1659 | NY | 1995-02 | $470,496 |
| 15 | The Downtown Shareholders Of Kansas City Kansas Inc | 726 Armstrong Ave, Kansas City, KS 66101-2702 | KS | 2008-03 | $456,374 |
| 16 | Ulster County Development Corporation | 5 Development Ct, Kingston, NY 12401-1949 | NY | 1981-03 | $114,394 |
| 17 | Schenectady Local Development Corp | 105 Jay St, Schenectady, NY 12305-1905 | NY | 1991-03 | $71,135 |
| 18 | Consortium For Central Harlem Development Inc | 2855 61 Frederick Douglas Blvd, New York, NY 10039-2172 | NY | 1991-02 | $0 |
| 19 | Israel Critical Capital Foundation | 767 5th Ave, New York, NY 10153-0023 | NY | 2005-06 | $0 |
| 20 | The Corona Community Action Network Corp | 103-13 41st Avenue, Corona, NY 11368 | NY | 2009-05 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 155 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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