Tioga County Property Development Corporation

Organization Overview

Tioga County Property Development Corporation is located in Owego, NY. The organization was established in 2017. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, 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. Tioga 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 12/2022, Tioga County Property Development Corporation generated $294.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $241.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.1%) 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

FOSTER ECONOMIC AND COMMUNITY DEVELOPMENT BY ACQUIRING, HOLDING, MANAGING, DEVELOPING AND MARKETING DISTRSSED, VACANT, ABANDONED, TAX FORCLOSED AND UNDER UTILITZED RESIDENTIAL AND COMMERCIAL PROPERTY

Describe the Organization's Program Activity:

Part 3 - Line 4a

LAND DEVELOPMENT- TO ACQUIRE, HOLD, MANAGE, AND DEVELOP AND MARKET DISTRESSED, VACANT, ABANDONED AND UNDER-UTILIZED RESIDENTIAL AND COMMERCIAL PROPERTIES.


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Board, Officers & Key Employees

Name (title)Compensation
Martha Sauerbrey
Owego, Ny 13827
$0
Patrick Ayres
Waverly, Ny
$0
Ralph Kelsey
Endicott, Ny 13760
$0
Michael Baratta
Owego, Ny 13827
$0
Stuart Yetter
Newark Valley, Ny
$0
Sara Zubalsky-Peer
Owego, Ny 13827
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $294,512
All other contributions, gifts, grants, and similar amounts not included above$79
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$294,591
Total Program Service Revenue$0
Investment income $0
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 $294,591

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$1,743,878
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Yarock Memorial Housing Inc
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