Griffiss Park Landowners Association Inc
- Assets
- $1.6m
- Revenue
- $454.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Rome, NY
- Founding
- 07/2011
- Data as of
- 12/2023
- EIN
- 26-4054747
Organization Overview
Griffiss Park Landowners Association Inc is located in Rome, NY. The organization was established in 2011. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Griffiss Park Landowners Association Inc 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, Griffiss Park Landowners Association Inc generated $454.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $449.7k during the year ending 12/2023. While expenses have increased by 8.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
GRIFFISS PARK LANDOWNERS ASSOCIATION INC. WAS ORGANIZED TO MANAGE, MAINTAIN,AND DEVELOP THE COMMON AREAS OF THE GRIFFISS BUSINESS AND TECHNOLOGY PARK IN ROME, NY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE AND MAINTAIN THE COMMON PROPERTIES FOR THE BENEFIT OF THE MEMBERS OF THE ASSOCIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr John Costello Jr President | OfficerTrustee | 1 | $0 |
Dean Shlotzhauer Treasurer | OfficerTrustee | 1 | $0 |
Nick Alger Secretary | OfficerTrustee | 1 | $0 |
Ron Belle Director | OfficerTrustee | 1 | $0 |
Kate Jarosh Director | Trustee | 1 | $0 |
Frank Sanzone Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Griffiss Local Development Corporation Staff Services | 12/30/18 | $204,577 |
James A Seaman Sculptor | 12/30/18 | $118,795 |
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 | $454,181 |
| Investment income | $379 |
| 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 | $454,560 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,761 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $207 |
| Fees for services: Accounting | $3,510 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,257 |
| Advertising and promotion | $6,975 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $545 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,860 |
| Insurance | $14,012 |
| All other expenses | $10,112 |
| Total functional expenses | $449,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,424 |
| Savings and temporary cash investments | $125,410 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,031 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,677 |
| Net Land, buildings, and equipment | $841,778 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $583,915 |
| Total assets | $1,608,235 |
| Accounts payable and accrued expenses | $40,637 |
| Grants payable | $0 |
| Deferred revenue | $10,541 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $51,178 |
| Net assets without donor restrictions | $1,557,057 |
| 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 | $1,608,235 |