Chemung County Property Development Corporation

Organization Overview

Chemung County Property Development Corporation is located in Elmira, NY. The organization was established in 2017. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chemung County Property Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Chemung County Property Development Corporation generated $580.0k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $566.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE CORPORATION WAS ESTABLISHED TO COMBAT THE PROBLEM OF VACANT AND ABANDONED PROPERTIES IN CHEMUNG COUNTY AND THE CITY OF ELMIRA AND FACILITATE THE RETURN OF VACANT, ABANDONED AND TAX-DELINQUENT PROPERTIES TO PRODUCTIVE USE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CORPORATION IS FORMED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES AS A LAND BANK, TO COMBAT COMMUNITY DETERIORATION IN THE COUNTY OF CHEMUNG BY FACILITATING THE RETURN OF VACANT, ABANDONED AND TAX DELINQUENT PROPERTIES TO PRODUCTIVE USE IN ORDER TO ELIMINATE THE HARMS AND LIABILITIES CAUSED BY SUCH PROPERTIES, AND LESSEN THE BURDEN GOVERNMENT AND ACT IN THE PUBLIC INTEREST.


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Board, Officers & Key Employees

Name (title)Compensation
John Burin
Vice Chairman
$0
Jennifer Furman
Treasurer
$0
Emma Miran
Secretary
$0
L Thomas Sweet
Chairman
$0
Joseph Roman
Board Member
$0
Dawn Burlew
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Jg Franzese Enterprises Llc
Construction
$190,150
Arbor Housing & Development
Construction Mgmt & Administration
$105,160
Griffin Construction Of Nys Inc
Construction
$104,950
View All Vendors

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$271,076
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$271,076
Total Program Service Revenue$122
Investment income $309
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $308,495
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $580,002

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Chemung County Property Development Corporation has recieved totaling $746,254.

Awarding OrganizationAmount
Enterprise Community Partners Inc

Columbia, MD

PURPOSE: COMMUNITY PRESERVATION AND DEVELOPMENT

$373,127
Enterprise Community Partners Inc

Columbia, MD

PURPOSE: COMMUNITY PRESERVATION AND DEVELOPMENT

$373,127
View Grant Recipient Profile

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