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EIN 16-1191210

Hornell Industrial Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Hornell
State
New York
Year formed
1962
Most recent tax filings
2023-12-01
NTEE code, primary
S30: Economic Development
Description
Hornell Industrial Development Corporation was formed to encourage financially sound companies to establish and prosper in the Hornell, New York area. It provided 23 small businesses with loans up to $10,000 for short-term working capital needs during the Covid-19 crisis. Loan terms were set at 180 days with no interest and an annualized interest of 1% with repayment over thirty three months. The corporation also made payments for promotional activities to highlight economic opportunities in the Hornell area.
Total revenues
$73
2023
Total expenses
$19,046
2023
Total assets
$346,425
2023
Num. employees
0
2023

Program areas at Hornell Industrial Development Corporation

Payments for promotional activities to highlight economic opportunities for companies in the Hornell, new york area.
Provided 23 Hornell small businesses with loans up to $10,000 for short-term, working capital needs to offset losses due to the covid-19 crisis. Loan terms shall be 180 days no interest than 1% annualized interest with repayment over thirty three month.

Personnel at Hornell Industrial Development Corporation

NameTitleCompensation
Michael L NisbetChief Executive Officer$0
Ed FlaitzChief Financial Officer , Treasurer$0
Richard AndolinaBoard Member$0
David ParmleyBoard Chairman$0
John CarboneSecretary$0
...and 4 more key personnel

Financials for Hornell Industrial Development Corporation

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$0
Investment income and dividends$73
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$73

Form 990s for Hornell Industrial Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-08-15990View PDF
2022-122023-10-30990View PDF
2021-122022-05-16990View PDF
2020-122021-07-19990View PDF
2019-122020-09-11990EZView PDF
...and 8 more Form 990s
Data update history
January 10, 2024
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 5, 2023
Updated personnel
Identified 3 new personnel
February 4, 2023
Posted financials
Added Form 990 for fiscal year 2020
August 19, 2021
Posted financials
Added Form 990EZ for fiscal year 2019
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Partially liquidatedState / local levelTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
40 Main St
Hornell, NY 14843
County
Steuben County, NY
Website URL
hornellny.com/ 
Phone
(607) 324-0310
IRS details
EIN
16-1191210
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1962
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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