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← COMMISSION ON ECONOMIC OPPORTUNITY FOR THE RENSSELAER COUNTY AREA INC

Form 990 for tax year 2024

Filed by COMMISSION ON ECONOMIC OPPORTUNITY FOR THE RENSSELAER COUNTY AREA INC.

Totals

Total revenue
$15,265,149
Total expenses
$15,775,751
Contributions and grants received
$232,652
Grants paid
$0
Program service revenue
$14,702,382
Investment income
$145,434
Other revenue
$184,681
Total assets, end of year
$26,127,508
Total liabilities, end of year
$1,972,859
Net assets or fund balances, end of year
$24,154,649
Program services expenses (Part IX)
$14,481,659
Management and general expenses
$1,294,092
Fundraising expenses
$0
Program service expenses (Part III)
$14,481,659

Program services were 91.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $36,433

  • 1f · All other contributions, gifts and grants

    $196,219

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $14,702,382 · related or exempt $14,702,382

  • 3 · Investment income

    total $140,934 · related or exempt $140,934

  • 6a · Gross rents

    real property $184,681

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $184,681

  • 6d · Net rental income or loss

    total $184,681 · related or exempt $184,681

  • 7a · Gross sales of assets other than inventory

    other assets $4,500

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $4,500

  • 7d · Net gain or loss

    total $4,500 · related or exempt $4,500

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $393,785 · management and general $393,785

  • 7 · Other salaries and wages

    total $6,948,328 · program services $6,673,799 · management and general $274,529

  • 8 · Pension plan contributions

    total $398,053 · program services $350,287 · management and general $47,766

  • 9 · Other employee benefits

    total $1,642,587 · program services $1,446,477 · management and general $196,110

  • 11g · Fees: other

    total $256,195 · program services $251,041 · management and general $5,154

  • 12 · Advertising and promotion

    total $20,578 · program services $20,422 · management and general $156

  • 13 · Office expenses

    total $553,482 · program services $543,971 · management and general $9,511

  • 16 · Occupancy

    total $487,887 · program services $464,689 · management and general $23,198

  • 17 · Travel

    total $41,846 · program services $41,846

  • 20 · Interest

    total $11,755 · management and general $11,755

  • 22 · Depreciation, depletion and amortization

    total $807,875 · program services $807,875

  • 23 · Insurance

    total $235,317 · program services $223,577 · management and general $11,740

  • 24a · Other expenses: FOOD

    total $2,712,668 · program services $2,712,668

  • 24b · Other expenses: MISCELLANEOUS

    total $357,482 · program services $355,601 · management and general $1,881

  • 24c · Other expenses: PROCESSING COSTS

    total $318,507 · management and general $318,507

  • 24d · Other expenses: STIPENDS

    total $186,064 · program services $186,064

  • 24e · All other expenses

    total $403,342 · program services $403,342

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,220,801 · end of year $2,266,849

  • 4 · Accounts receivable

    beginning of year $1,370,663 · end of year $1,557,424

  • 8 · Inventories for sale or use

    beginning of year $28,968 · end of year $18,827

  • 9 · Prepaid expenses and deferred charges

    beginning of year $108,506 · end of year $43,120

  • 10a · Land, buildings and equipment: cost or other basis

    $30,485,795

  • 10b · Land, buildings and equipment: accumulated depreciation

    $13,207,776

  • 10c · Land, buildings and equipment, net

    beginning of year $18,085,895 · end of year $17,278,019

  • 11 · Investments: publicly traded securities

    beginning of year $4,454,317 · end of year $4,962,355

  • 15 · Other assets

    beginning of year $2,544 · end of year $914

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,307,349 · end of year $1,772,115

  • 23 · Secured mortgages and notes payable

    beginning of year $389,492 · end of year $200,744

  • 27 · Net assets without donor restrictions

    beginning of year $24,306,147 · end of year $23,797,962

  • 28 · Net assets with donor restrictions

    beginning of year $268,706 · end of year $356,687

Mission and programs · 2024

Mission

THE COMMISSION ON ECONOMIC OPPORTUNITY FOR THE GREATER CAPITAL REGION, INC. (CEO) IS AN UMBRELLA AGENCY THAT PROVIDES THE OVERALL LEADERSHIP, POLICY GUIDANCE, AND SUPPORT NECESSARY TO SUCCESSFULLY DELIVER A WIDE RANGE OF SERVICES. THE PROGRAMS AT CEO ARE DESIGNED TO EMPOWER INDIVIDUALS AND FAMILIES TO BUILD SELF-SUFFICIENCY IN ALL LIFE AREAS AND RISE OUT OF POVERTY. CEO WORKS IN PARTNERSHIP WITH THE INDIVIDUALS, FAMILIES, AND THE LARGER COMMUNITY TO IMPROVE THE QUALITY OF LIFE FOR ALL COMMUNITY MEMBERS BY ADDRESSING THEIR SOCIAL, EMOTIONAL, ECONOMIC AND EDUCATIONAL NEEDS.

Activities or mission (Part I)

THE COMMISSION ON OPPORTUNITY FOR THE GREATER CAPITAL REGION (CEO) IS AN UMBRELLA AGENCY THAT PROVIDES THE OVERALL LEADERSHIP, POLICY GUIDANCE, AND SUPPORT NECESSARY TO SUCCESSFULLY DELIVER A WIDE RANGE OF SERVICES. THE PROGRAMS AT CEO ARE DESIGNED TO EMPOWER INDIVIDUALS AND FAMILIES TO BUILD SELF-SUFFICIENCY IN ALL LIFE AREAS AND RISE OUT OF POVERTY. CEO WORKS IN PARTNERSHIP WITH THE INDIVIDUALS, FAMILIES, AND THE LARGER COMMUNITY TO IMPROVE THE QUALITY OF LIFE FOR ALL COMMUNITY MEMBERS BY ADDRESSING THEIR SOCIAL, EMOTIONAL, ECONOMIC AND EDUCATIONAL NEEDS.

  • EARLY CHILDHOOD PROGRAMS - CEO'S HEAD START AND EARLY HEAD START PROGRAMS PROVIDE SERVICES TO INCOME ELIGIBLE FAMILIES IN RENSSELAER COUNTY. APPROXIMATELY 600 CHILDREN WERE SERVED DURING FISCAL 2025.

    Expenses $9,087,776 · Revenue $7,584,540

  • NUTRITION PROGRAMS - CEO'S FOOD PANTRY PROVIDES RENSSELAER COUNTY RESIDENTS WITH EMERGENCY FOOD WIC (SUPPLEMENTAL FOOD PROGRAM FOR WOMEN, INFANTS AND CHILDREN) PROVIDES NUTRITION EDUCATION AND NUTRITIONAL FOOD PACKAGES FOR INCOME ELIGIBLE WOMEN WHO ARE PREGNANT, BREAST-FEEDING, OR HAVE GIVEN BIRTH AND THEIR CHILDREN UP TO AGE FIVE. APPROXIMATELY 2,000 FAMILIES WERE SERIVED DURING FISCAL YEAR ENDING 2025.

    Expenses $1,518,755 · Revenue $2,303,711

  • HOUSING PROGRAMS - WEATHERIZATION SERVICES ARE PROVIDED FREE OF CHARGETO INCOME ELIGIBLE HOUSEHOLDS. EMPOWER NY ASSISTS HOUSEHOLDS WITH ENERGY EFFICIENCY IMPROVEMENTS. APPROXIMATELY 450 HOUSEHOLDS WERE SERVED DURING FISCAL YEAR ENDING 2025.

    Expenses $941,423 · Revenue $865,460

  • Expenses $2,933,705 · Revenue $4,278,786

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Betty Bellino-Giugno

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brian Williams

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Patricia O'Connor PhD

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Megan Ross

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Peter Grimm

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Patrick Morphy Esq

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Fortune Omase

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Steven McLaughlin

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Stammel

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Bossert

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ellen Venson

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dan Casale

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mark Fleming

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Abigail Cevallos

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Demetria Canty

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Suzanne Rosa

    PRESIDENT

    Total calculated
    $203,022
    From this org
    $176,113
    From related orgs
    $0
    Other
    $26,909
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,113
    Bonus
    $0
    Other
    $0
    Deferred
    $26,909
    Nontaxable benefits
    $0
    Filer's total
    $203,022

  • Mary O'Grady

    CFO (UNTIL JUNE 2024)

    Total calculated
    $190,763
    From this org
    $190,763
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $101,638
    Bonus
    $0
    Other
    $89,125
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $190,763

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
CEO SPONSORS A SECTION 457(B) QUALIFIED ELIGIBLE SALARY DEFERRAL PLAN PRIMARILY FOR THE PURPOSE OF PROVIDING DEFERRED COMPENSATION FOR THE PRESIDENT TO ACCUMULATE RETIREMENT ASSETS. THE PLAN ENABLES PARTICIPANTS TO DEFER INCOME ON A PRE-TAX BASIS AND ALLOWS CEO TO MAKE DISCRETIONARY CONTRIBUTIONS TO PARTICIPANT ACCOUNTS. THE PLAN'S ASSETS ARE INCLUDED IN INVESTMENTS AND THE OBLIGATION IS INCLUDED IN ACCRUED EXPENSES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
28 January 2026
IRS schema version
2024v5.5
Source object
202600369349300800

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