Rochester District Heating Cooperative Inc
- Assets
- $12.6m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 25
- Location
- Rochester, NY
- Founding
- 00/0000
- Data as of
- 08/2022
- 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 08/2022, 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 08/2022, Rochester District Heating Cooperative Inc generated $4.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $4.4m during the year ending 08/2022. While expenses have increased by 5.2% per year over the past 7 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
2022
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr John Duchesneau General Manager | Officer | 40 | $182,852 |
Mr Michael A Howard Board Secretary | OfficerTrustee | 30 | $119,908 |
Mr Ryan Macauley Controller | Officer | 40 | $109,531 |
Mr Scott Adair Board Treasurer (former) | OfficerTrustee | 1 | $0 |
Mr Dan Diloreto Board President | OfficerTrustee | 1 | $0 |
Mr Kurt Sertl Board Vice President | OfficerTrustee | 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 | $3,511,704 |
| Investment income | $52,982 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,294 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $782,151 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,538,318 |
| 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. | $366,605 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,366,110 |
| Pension plan accruals and contributions | $85,775 |
| Other employee benefits | $261,428 |
| Payroll taxes | $128,518 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $128,960 |
| Fees for services: Accounting | $10,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,287 |
| Advertising and promotion | $0 |
| Office expenses | $49,341 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $120,154 |
| Travel | $17,101 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $180,249 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,054,057 |
| Insurance | $187,501 |
| All other expenses | $12,422 |
| Total functional expenses | $4,359,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,101 |
| Savings and temporary cash investments | $2,216,536 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $417,023 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $846,660 |
| Inventories for sale or use | $83,065 |
| Prepaid expenses and deferred charges | $235,768 |
| Net Land, buildings, and equipment | $8,690,573 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,068 |
| Other assets | $0 |
| Total assets | $12,577,794 |
| Accounts payable and accrued expenses | $580,025 |
| Grants payable | $0 |
| Deferred revenue | $1,379,576 |
| 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 | $4,846,785 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,806,386 |
| Net assets without donor restrictions | $5,771,408 |
| 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 | $12,577,794 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Economic Opportunity Council Of Suffolk Inc Patchogue, NY | $6,210,341 | $18,971,000 |
Usw District 10 Local 286 Welfare Trust Fund Philadelphia, PA | $8,668,111 | $17,307,586 |
Integrated Community Alternatives Network Inc Utica, NY | $14,279,832 | $19,265,883 |
Northern Manhattan Improvement Corp New York, NY | $8,451,430 | $18,004,122 |
Veterans Inc Worcester, MA | $18,236,837 | $18,440,204 |
Pennreach Allentown, NJ | $5,187,786 | $15,924,501 |
Chautauqua Opportunities Inc Dunkirk, NY | $6,065,142 | $15,802,051 |
Commission On Economic Opportunity For The Rensselaer County Area Inc Troy, NY | $18,234,515 | $14,616,169 |
Phipps Neighborhoods Inc New York, NY | $46,342,034 | $30,198,997 |
Delaware Opportunities Inc Hamden, NY | $6,012,612 | $14,102,184 |
Liberty Lutheran Housing Development Corporation State College, PA | $52,974,358 | $15,701,429 |
Painters District Council No 4 S U B Fund Cheektowaga, NY | $33,742,384 | $15,066,465 |