Hamburg New York Development Corp
- Assets
- $575.3k
- Revenue
- $14.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Hamburg, NY
- Founding
- 08/1993
- Data as of
- 12/2021
- EIN
- 16-1307889
Organization Overview
Hamburg New York Development Corp is located in Hamburg, NY. The organization was established in 1993. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., 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. Hamburg New York Development Corp 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, Hamburg New York Development Corp generated $14.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $91.2k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE STATED PURPOSES OF THE CORPORATION ARE TO STIMULATE REINVESTMENT IN THE RESIDENTIAL, COMMERCIAL AND INDUSTRIAL AREAS SITUATED IN THE TOWN OF HAMBURG THROUGH A PARTNERSHIP OF RESIDENTS AND MEMBERS OF THE BUSINESS COMMUNITIES OF THE CORPORATION'S GEOGRAPHIC AREA, REPRESENTATIVES OF LOCAL GOVERNMENT AND FINANCIAL INSTITUTIONS, AND OTHER INTERESTED PERSONS, WORKING TOGETHER THROUGH A PROFESSIONALLY STAFFED, NON-PROFIT ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION IS RESPONSIBLE FOR STIMULATING REINVESTMENT IN THE RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL AREAS WITHIN THE TOWN OF HAMBURG, NEW YORK. THIS IS ACCOMPLISHED BY FUNDING LOANS TO LOCAL BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Olivia Hill President | Officer | 2 | $0 |
Molly Georger Secretary / Treasurer | Officer | 2 | $0 |
Sean Doyle Executive Director | Officer | 10 | $0 |
Jeff Halas President - Elect | Officer | 2 | $0 |
Brian Attea Director | Trustee | 2 | $0 |
Sean Buffum Director | Trustee | 2 | $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 | $13,511 |
| Investment income | $16 |
| 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 | $14,108 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $587 |
| Fees for services: Accounting | $4,830 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $85,216 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $91,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,637 |
| Savings and temporary cash investments | $91,579 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $482,096 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $575,312 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $575,312 |
| 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 | $575,312 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hamburg New York Development Corp has recieved totaling $12,885.
| Awarding Organization | Amount |
|---|---|
Christopher Reeve Foundation A New Jersey Nonprofit Corporation Short Hills, NJ PURPOSE: ACCESSIBLE PLAYGROUND/BALL FIELD | $12,885 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Buffalo Urban Development Corporation Buffalo, NY | $100,186,156 | $9,769,050 |
Berks Community Action Program Inc Reading, PA | $2,377,966 | $7,401,234 |
Juvenile Justice Center Of Phila Philadelphia, PA | $3,150,884 | $6,364,511 |
The Fund For Parks And Recreation In Boston Boston, MA | $15,922,090 | $6,711,889 |
128 West Transportation Council Inc Waltham, MA | $2,138,696 | $3,791,714 |
Mass Mentoring Partnership Inc Boston, MA | $3,908,855 | $3,737,455 |
Excavators 731 Property Corp Astoria, NY | $23,888,581 | $2,129,993 |
Addie Mae Collins Community Services New York, NY | $1,021,619 | $2,927,389 |
New Garden Park Inc Worcester, MA | $35,860,729 | $21,019,526 |
International Brotherhood Of Painters And Allied Trades Philadelphia, PA | $3,917,796 | $1,653,938 |
Building Trades Employers Assn Of The City Of New York New York, NY | $1,952,232 | $1,860,665 |
Schoharie Community Action Program Corp Cobleskill, NY | $470,662 | $1,980,674 |