Mohawk Valley Rehabilitation Corporation

Organization Overview

Mohawk Valley Rehabilitation Corporation is located in Mohawk, NY. The organization was established in 1979. According to its NTEE Classification (S30) the organization is classified as: 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. Mohawk Valley Rehabilitation 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 12/2023, Mohawk Valley Rehabilitation Corporation generated $139.7k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $514.6k during the year ending 12/2023. While expenses have increased by 14.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE SMALL BUSINESS LOANS THAT DEVELOP AND RECYCLE LAND AND FACILITIES FOR JOB CREATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MOHAWK VALLEY REHABILITATION CORPORATION (MORECO)IS A 501(C)4 ORGANIZATION THAT WAS ESTABLISHED IN 1979 AS A STATE AND FEDERAL REVOLVING LOAN FUND. THE PROGRAM SERVICE EXPENSES ARE STANDARD EXPENSES SUCH AS ACCOUNTING FEES, INSURANCE, FILING, LEGAL, CREDIT, BAD DEBT AND MISCELLANEOUS EXPENSES.


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Board, Officers & Key Employees

Name (title)Compensation
Ron Peters
Vice President
$0
Ronald Filmer
Treasurer
$0
Carol Shineman
President
$0
Jack Spaeth
Secretary
$0
Carl Marucci
Director
$0
Fran Enjem
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$88,108
Investment income $27,153
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 $139,696

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