EIN 75-3225637

Hudson Valley Agri-Business Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
8
City
Hudson
Year formed
2007
Most recent tax filings
2023-12-01
NTEE code, primary
Description
HVADC conserves agricultural resources and supports agribusinesses with scientific research, technical assistance, and access to capital.
Total revenues
$1,193,817
2023
Total expenses
$771,297
2023
Total assets
$3,041,543
2023
Num. employees
8
2023

Program areas at Hudson Valley Agri-Business Development Corporation

Technical assistance: hvadc technical assistance programs include the incubator without walls (iww), farm and food funding accelerator (fffa), and Hudson Valley bounty (hvb). These programs are designed to provide analysis and start-up assistance for new ventures and enterprises, to market expansion and improved disbritution networks for existing agricultural and food businesses. Hvadc provides the resources to access technical and professional service providers, project planning and Development services, funding and capital access and feasibility analysis. As needs emerge, hvadc also presents timely topic specific instruction such as its food labeling workshop, making it happen financial anaylsis sessions and local lamb lessons series on starting a sheep business. These public programs are open to all interested parties.
Food security: hvadc is working on the issue of food security through the feedhv program. Feedhv is a regional food rescue and gleaning network dedicated to meeting the needs of neighbors while mitigating food waste. Through a web-based and mobile application powered by chowmatch, feedhv links food donors of prepared but unserved food and fresh produce (including farms, restaurants, catering services, grocery stores, hospitals, universities, and more) to non-profit organizations with food assistance programs (such as food pantries, soup kitchens, and shelters) and a network of volunteers who transport, glean, and process donated food.
Access to capital: in 2018, hvadc was designated as one of eight third-party lenders participating in the new york job Development authority's (jda) agriculture loan fund program. With a focus on the mid-hudson and capital regions, the hvadc loan program issues low interest loans between $50,000 and $200,000 to small business owners; increase the availability of credit, investment capital and financial products and services to such low-income communities and to people who lack access to financing to stimulate and promote community and economic Development in economically depressed and distressed urban and rural communities in the state of new york, particularly in the Hudson Valley region and those underserved by traditional financial institutions. In addition to the loan opportunity, hvadc is partnering with the Hudson mohawk resource conservation and Development council, inc. (hmrc&d) to administer the grown & certified (g&c) producer grant program in the capital district region. The g&c producer grants will be awarded for capital projects that will enable qualified agricultural producers to meet food safety standards necessary for participation in the program. Eligible agricultural producers can apply for up to 90% of their total project cost, not to exceed $50,000.

Who funds Hudson Valley Agri-Business Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Hudson Mohawk Resource Conservation and Development CouncilGrant-Fiscal Sponsor$187,320
Novo FoundationGeneral Support$175,000
American Farmland Trust (AFT)Promoting Sound Farming Practices / Keeping Farmers on the Land$15,000

Personnel at Hudson Valley Agri-Business Development Corporation

NameTitleCompensation
Todd ErlingExecutive Director$131,972
Walter GariglianoVice President$0
Ann FinneganTreasurer and Secretary$0
Mark DoylePresident$0
David ColbySecretary and Treasurer$0

Financials for Hudson Valley Agri-Business Development Corporation

RevenuesFYE 12/2023
Total grants, contributions, etc.$946,666
Program services$232,132
Investment income and dividends$19
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$15,000
Total revenues$1,193,817

Form 990s for Hudson Valley Agri-Business Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-14990View PDF
2022-122023-05-09990View PDF
2021-122022-11-04990View PDF
2020-122021-10-15990View PDF
2019-122020-10-16990View PDF
...and 9 more Form 990s
Data update history
August 25, 2024
Received grants
Identified 1 new grant, including a grant for $15,000 from American Farmland Trust (AFT)
August 9, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 11, 2024
Used new vendors
Identified 1 new vendor, including
December 24, 2023
Received grants
Identified 2 new grant, including a grant for $175,000 from Novo Foundation
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
507 Warren St 2nd Floor
Hudson, NY 12534
County
Columbia County, NY
Website URL
hvadc.org/ 
Phone
(518) 432-5360
IRS details
EIN
75-3225637
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2007
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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