Auburn Local Development Corporation is located in Auburn, NY. The organization was established in 1991. 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. Auburn Local Development Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2016, Auburn Local Development Corporation generated $2.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (18.4%) each year. All expenses for the organization totaled $7.5k during the year ending 12/2016. As we would expect to see with falling revenues, expenses have declined by (12.8%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2016
Describe the Organization's Program Activity:
Part 3
IN CONJUNCTION WITH THE CITY OF AUBURN,TO PLAN, PROMOTE, COORDINATE, AND EXECUTE PROGRAMS IN THE CITY OF AUBURN AIMED AT IMPROVING THE QUALITY OF LIFE OF ITS RESIDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
William Speck Director | 1 | $0 | |
Mayor Michael Quill Director | 1 | $0 | |
Alex Schloop Director | 1 | $0 | |
Dee Dee Schenck Director | 1 | $0 | |
Denise Pellegrino Vice-Chair | 1 | $0 | |
James Hutchinson Director | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $2 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $2 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $6,450 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $1,055 |
Total expenses | $7,505 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $13,219 |
Other assets | $0 |
Total assets | $13,219 |
Total liabilities | $2,500 |
Net assets or fund balances | $10,719 |
Organization Name | Assets | Revenue |
---|---|---|
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Upper Manhattan Empowerment Zone Development Corporation New York, NY | $90,632,786 | $3,433,188 |
Enterprise Center Philadelphia, PA | $14,775,584 | $14,297,548 |
Pidc Community Capital Philadelphia, PA | $51,592,924 | $9,506,766 |
Hester Street Collaborative Inc New York, NY | $3,142,438 | $5,168,829 |