Schenectady Local Development Corp in Schenectady, New York (NY)

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Schenectady Local Development Corp
Employer Identification Number (EIN)222324228
Name of OrganizationSchenectady Local Development Corp
Address105 Jay St, Schenectady, NY 12305-1905
ActivitiesArea development, redevelopment of renewal
SubsectionCharitable Organization
Ruling Date03/1991
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Tax Period12/2012
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 (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


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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%

Financial snapshot ($)

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 activitiesNo
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
IdNameAddressStateEstablishedTotal Income
1New York City Economic Development Corporation110 William St Lbby 5, New York, NY 10038-3912NY1985-03$664,016,417
2Upper Manhattan Empowerment Zone Development Corporation55 West 125th Street 11th Fl, New York, NY 10027-4516NY1996-06$4,346,025
3Economic Development Growth Enterprises Corporation584 Phoenix Dr, Rome, NY 13441-4913NY1988-09$4,284,322
4Civic Capital CorporationOne Battery Park Plaza, New York, NY 10004-1405NY1999-12$2,455,937
5Allen A M E Housing Corp11031 Merrick Blvd, Jamaica, NY 11433-3440NY1982-09$1,295,493
6Metropolitan Development Assn Of Syracuse & Onondaga County Inc115 W Fayette St, Syracuse, NY 13202-1305NY1961-05$1,084,969
7Syracuse Economic Development CorporationCity Hall Cmn - 201 E Washington St, Syracuse, NY 13202NY1985-08$203,571
8East Brooklyn District Management Association Inc80 Jamaica Ave, Brooklyn, NY 11207-2045NY1985-03$95,000
9Cheektowaga Economic Development Corporation275 Alexander Ave, Cheektowaga, NY 14211-2742NY1985-09$18,377
10Rdc Commercial Center Inc1368 Fulton Street, Brooklyn, NY 11216-5372NY1993-08$2,925,606
11Union County Economic Development Corp75 Chestnut St, Cranford, NJ 07016-2937NJ1979-04$2,780,218
12Rock Hill Economic Development CorporationPO BOX 11706, Rock Hill, SC 29731-1706SC1984-01$1,413,791
13Sobro Development Corporation555 Bergen Ave, Bronx, NY 10455-1368NY1983-06$671,663
14Watertown Industrial Center Local Development Corporation800 Starbuck Avenue, Watertown, NY 13601-1659NY1995-02$470,496
15The Downtown Shareholders Of Kansas City Kansas Inc726 Armstrong Ave, Kansas City, KS 66101-2702KS2008-03$456,374
16Ulster County Development Corporation5 Development Ct, Kingston, NY 12401-1949NY1981-03$114,394
17Schenectady Local Development Corp105 Jay St, Schenectady, NY 12305-1905NY1991-03$71,135
18Consortium For Central Harlem Development Inc2855 61 Frederick Douglas Blvd, New York, NY 10039-2172NY1991-02$0
19Israel Critical Capital Foundation767 5th Ave, New York, NY 10153-0023NY2005-06$0
20The Corona Community Action Network Corp103-13 41st Avenue, Corona, NY 11368NY2009-05$0
Number of organizations performing similar types of work
Alaska1
Alabama2
Arizona1
California7
Connecticut4
Florida6
Georgia2
Hawaii1
Iowa2
Idaho2
Illinois1
Indiana8
Kansas1
Louisiana1
Massachusetts9
Maryland2
Maine1
Michigan6
Minnesota3
Missouri4
Montana1
North Carolina4
Nebraska1
New Hampshire2
New Jersey8
New York23
Ohio13
Oklahoma2
Pennsylvania16
Rhode Island1
South Carolina4
South Dakota3
Texas3
Vermont3
Washington1
Wisconsin4
West Virginia2
Total155

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