EIN 22-2855945

Local Development Corporation of The Town of Union

Name: Local Development Corporation of The Town of Union financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Endwell

State

New York

Year formed

1982

Most recent tax filings

2023-12-01

NTEE code, primary

S31: Urban, Community Economic Development

Description

Local Development Corporation of The Town of Union aids in the growth, development and retention of business concerns and employment by supplementing prime lender loans and enabling projects that require additional low cost funding through loans and/or grants. The Organization offers low cost financing to accomplish its purpose and is located in Endwell, NY.

Also known as...

Local Development Corporation of the Town of Union Broome County Ny

Total revenues

$1,437,870

2023

Total expenses

$1,390,674

2023

Total assets

$3,153,216

2023

Num. employees

2023

Program areas at Local Development Corporation of The Town of Union

Program offers low cost financing and grants to accomplish its purpose of aiding the Town of Union in the growth, Development and retention of business concerns and employment.

Grants made by Local Development Corporation of The Town of Union

Grantee	Grant description	Grant year	Amount
Local Development Corporation of The Town of Union	To Cover Certain Expenses	2023-12	$1,258,193

Who funds Local Development Corporation of The Town of Union

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Local Development Corporation of The Town of Union	2023-12	To Cover Certain Expenses	$1,258,193

Personnel at Local Development Corporation of The Town of Union

Name	Title	Compensation	Date of data
Joseph Moody	Chief Executive Officer	$68,701	2024-04-19
Stephen Trichka	President	$0	2022-12-31
Diane Julian	Vice President	$0	2022-12-31
Jeffrey L'Amoreaux	Scty and Treasurer	$0	2022-12-31
Ross Peduto	Director	$0	2014-12-31
...and 2 more key personnel

Financials for Local Development Corporation of The Town of Union

Revenues	FYE 12/2023	FYE 12/2022	% Change
Total grants, contributions, etc.	$1,386,148	$114,897	1106.4%
Program services	$24,464	$34,461	-29%
Investment income and dividends	$27,258	$0	999%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$0	-
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$1,437,870	$149,358	862.7%

Form 990s for Local Development Corporation of The Town of Union

Fiscal year ending	Date received by IRS	Form	PDF link
2023-12	2024-05-09	990	View PDF
2022-12	2023-05-10	990	View PDF
2021-12	2022-06-01	990	View PDF
2020-12	2021-06-07	990	View PDF
2019-12	2020-09-03	990	View PDF
...and 8 more Form 990s

Organizations like Local Development Corporation of The Town of Union

Organization	Type	Location	Revenue
Long Beach Center for Economic Inclusion	501(c)(3)	Long Beach, CA	$1,407,069
Greater Kokomo Economic Development Alliance	501(c)(3)	Kokomo, IN	$5,785,033
Miami Beach Community Development Corporation (MBCDC)	501(c)(3)	Miami Beach, FL	$2,161,577
Midtown Detroit	501(c)(3)	Detroit, MI	$6,472,343
New Season Community Development Corporation	501(c)(3)	Esparto, CA	$1,488,230
Greater Lafayette Commerce Comm and Economic Development Foundation	501(c)(3)	Lafayette, IN	$1,986,864
Regional Opportunity Initiatives	501(c)(3)	Bloomington, IN	$1,135,730
Norwich Community Development Corporation	501(c)(3)	Norwich, CT	$6,437,047
Bay Future	501(c)(3)	Bay City, MI	$1,923,474
Gateway Municipalities Community	501(c)(3)	North Brentwood, MD	$398,321

Data update history

July 13, 2024

Used new vendors

Identified 1 new vendor, including

July 13, 2024

Received grants

Identified 1 new grant, including a grant for $1,258,193 from Local Development Corporation of The Town of Union

April 20, 2024

Used new vendors

Identified 1 new vendor, including

November 25, 2023

Posted financials

Added Form 990 for fiscal year 2021

July 11, 2023

Posted financials

Added Form 990 for fiscal year 2022

Nonprofit Types

Public sector nonprofitsBusiness and community development organizationsCharities

Issues

Community improvementEconomic development

Characteristics

State / local levelReceives government fundingTax deductible donationsNo full-time employeesAccepts online donations

General information

Address: 3111 E Main St; Endwell, NY 13760
Metro area: Binghamton, NY
County: Broome County, NY
Website URL: townofunion.com/
Phone: (607) 786-2945

IRS details

EIN: 22-2855945
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 1982
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S31: Urban, Community Economic Development
NAICS code, primary: 926110: Economic Development Corporations and Economic Program Organizations
Parent/child status: Independent

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Local Development Corporation of The Town of Union

Program areas at Local Development Corporation of The Town of Union

Grants made by Local Development Corporation of The Town of Union

Who funds Local Development Corporation of The Town of Union

Personnel at Local Development Corporation of The Town of Union

Financials for Local Development Corporation of The Town of Union

Form 990s for Local Development Corporation of The Town of Union

Organizations like Local Development Corporation of The Town of Union

Nonprofits

Product

Customers

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