City Of Kingston Local Development Corp

Organization Overview

City Of Kingston Local Development Corp is located in Kingston, NY. The organization was established in 1997. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. City Of Kingston Local Development Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, City Of Kingston Local Development Corp generated $125.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $202.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

KLDC'S MISSION IS PROMOTING ADDITIONAL EMPLOYMENT, ENCOURAGING THE RETENTION AND DEVELOPMENT OF BUSINESS AND LESSENING THE BURDEN OF GOVERNMENT WITHIN THE CITY OF KINGSTON, NEW YORK.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ADMINISTRATION OF REVOLVING LOAN PROGRAM INCLUDING REVIEW OF APPLICATIONS AND FOLLOW UP ON DELINQUENT LOANS.


OPERATION OF BUSINESS PARK TO ATTRACT AND TO RETAIN BUSINESSES IN THE CITY OF KINGSTON, NEW YORK.


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Board, Officers & Key Employees

Name (title)Compensation
Steven T Noble
President
$0
Andi Turco-Levin
Vice President
$0
Bernard A Feeney III
Treasurer
$0
Bradley Jordan
Secretary (to Jan 2021)
$0
Paul Cascario
Secretary (beg Jan 2021)
$0
Amanda Bruck
Executive Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$119,157
Investment income $6,553
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $125,710

Grants Awarded

Over the last fiscal year, City Of Kingston Local Development Corp has awarded $20,000 in support to 2 organizations.

Grant RecipientAmount

MATTEO-BELLA LLC

PURPOSE: FACADE IMPROVEMENT GRANT

$10,000

LITE BRITE NEON STUDIO LLC

PURPOSE: FACADE IMPROVEMENT GRANT

$10,000
View Grant Profile

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