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← FINGER LAKES GATEWAY COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by FINGER LAKES GATEWAY COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$95,926
Total expenses
$53,498
Contributions and grants received
$78,632
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$17,294
Total assets, end of year
$520,057
Total liabilities, end of year
$275,496
Net assets or fund balances, end of year
$244,561
Program services expenses (Part IX)
$53,498
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$53,498

Program services were 100.0% 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)

    $36,382

  • 1f · All other contributions, gifts and grants

    $42,250

  • 6a · Gross rents

    real property $17,294

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $17,294

  • 6d · Net rental income or loss

    total $17,294 · excluded $17,294

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $135 · program services $135

  • 11c · Fees: accounting

    total $2,830 · program services $2,830

  • 12 · Advertising and promotion

    total $9 · program services $9

  • 13 · Office expenses

    total $167 · program services $167

  • 14 · Information technology

    total $192 · program services $192

  • 16 · Occupancy

    total $13,405 · program services $13,405

  • 20 · Interest

    total $7,062 · program services $7,062

  • 22 · Depreciation, depletion and amortization

    total $12,221 · program services $12,221

  • 24a · Other expenses: SPECIAL PROJECTS

    total $11,682 · program services $11,682

  • 24b · Other expenses: OTHER

    total $4,235 · program services $4,235

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $786 · program services $786

  • 24d · Other expenses: EQUIPMENT RENTAL

    total $774 · program services $774

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $83,408 · end of year $24,029

  • 4 · Accounts receivable

    beginning of year $29,374

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

    $334,519

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

    $15,900

  • 10c · Land, buildings and equipment, net

    beginning of year $88,637 · end of year $318,619

  • 15 · Other assets

    beginning of year $181,923 · end of year $177,409

  • 25 · Other liabilities

    beginning of year $181,923 · end of year $275,496

  • 27 · Net assets without donor restrictions

    beginning of year $180,331 · end of year $229,919

  • 28 · Net assets with donor restrictions

    beginning of year $21,088 · end of year $14,642

Mission and programs · 2024

Mission

TO LEVERAGE THE STRENGTHS OF SCHUYLER COUNTY AND THE REGION THROUGH ENHANCED COMMERCIAL ACTIVITIES AND ECONOMIC DEVELOPMENT.

  • TO PROMOTE THE PROSPERITY OF ITS RESIDENTS AND LEVERAGE THE STRENGTHS OF SCHUYLER COUNTY AND THE REGION THROUGH ENHANCED COMMERCIAL ACTIVITIES AND ECONOMIC DEVELOPMENT

    Expenses $53,498

As filed on the 2024 return.

Listed in Part VII

  • Benjamin Stamp

    CHAIR

    Total calculated
    $0
    Hours/week
    0

  • Brian Kenney

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0

  • Bruce Boughton

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Michaela Christensen

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Ian Conboy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Chris Duane

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Jerakah Heady

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Sarah Houck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Abby Lane

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Jeremy Hourihan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Astra Titus

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

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.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
4 November 2025
IRS schema version
2024v5.2
Source object
202503089349301825

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