Rochester District Heating Cooperative Inc
- Assets
- $12.1m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 25
- Location
- Rochester, NY
- Founding
- 00/0000
- Data as of
- 08/2024
- EIN
- 16-1235605
Organization Overview
Rochester District Heating Cooperative Inc is located in Rochester, NY. The organization was established in 0000. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 08/2024, Rochester District Heating Cooperative Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rochester District Heating Cooperative Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 08/2024, Rochester District Heating Cooperative Inc generated $4.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $4.5m during the year ending 08/2024. While expenses have increased by 4.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
ROCHESTER DISTRICT HEATING COOPERATIVE, INC. WAS FORMED TO ACQUIRE, MODERNIZE, IMPROVE AND OPERATE A STEAM HEATING GENERATION AND DISTRIBUTION SYSTEM FOR THE BENEFIT OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A STEAM HEATING GENERATION AND DISTRIBUTION SYSTEM FOR THE BENEFIT OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Michael A Howard Board Secretary | OfficerTrustee | 30 | $118,149 |
Mr Dan Diloreto Board President | OfficerTrustee | 1 | $0 |
Mr George Vanarsdale Board Member | Trustee | 1 | $0 |
Mr Kurt Sertl Board Vice President | OfficerTrustee | 1 | $0 |
Mr Alex Gales Board Member | Trustee | 1 | $0 |
Mr Marvin Parker Jr Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Monroe Piping Sheet Metal General Contractor | 8/30/20 | $288,431 |
Michael Howard Legal Services | 8/30/20 | $122,041 |
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 | $3,969,916 |
| Investment income | $128,083 |
| 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 | $489,342 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,741,258 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $424,649 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,424,472 |
| Pension plan accruals and contributions | $93,977 |
| Other employee benefits | $295,398 |
| Payroll taxes | $135,147 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $116,639 |
| Fees for services: Accounting | $8,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,159 |
| Advertising and promotion | $0 |
| Office expenses | $53,594 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $105,254 |
| Travel | $17,343 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $149,373 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,059,515 |
| Insurance | $222,684 |
| All other expenses | $11,111 |
| Total functional expenses | $4,532,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,937 |
| Savings and temporary cash investments | $755,846 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $461,720 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $608,225 |
| Inventories for sale or use | $54,553 |
| Prepaid expenses and deferred charges | $240,000 |
| Net Land, buildings, and equipment | $8,133,518 |
| Investments—publicly traded securities | $1,738,353 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,339 |
| Total assets | $12,092,491 |
| Accounts payable and accrued expenses | $1,051,059 |
| Grants payable | $0 |
| Deferred revenue | $1,082,831 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,948,434 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $44,339 |
| Total liabilities | $6,126,663 |
| Net assets without donor restrictions | $5,965,828 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,092,491 |