named programs · 1 · from sources
What they call their work
Small Business Loan Program
Provides financing to small businesses for the development and recycling of land and facilities to stimulate job creation in the Mohawk Valley region.
activities · 1 group
What they do
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Small Business and Nonprofit Lending 1 activity
- Providing small business loans for land and facility developmentProvides small business loans aimed at supporting the development and reuse of land and facilities to promote job creation.
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financials · form 990 · fy2025
revenue
Total revenue$182K
Contributions & grants$50K27%
Program service revenue$74K41%
Investment income$34K19%
Other revenue$24K
expenses
Total expenses$346K
Program expenses83%
Admin / overhead17%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$3.55M
Cash$1.54M
Investments$0
Liabilities$182K
Net assets$3.37M
Liquid reserves53.2 mo
5 years on record · 2020–2025 · YoY revenue +24.4%
leadership · form 990 part vii · fy2025
Who runs it
paid leadership · 1
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| STEPHEN R SMITH | EXECUTIVE VP AND CEO | 1 | $142K |
board members · 6
- ALLISON MADMOUNE — DIRECTOR
- EDWARD WATT — DIRECTOR
- JACK SPAETH — SECRETARY
- KAYCIE JOHNSON — DIRECTOR
- RONALD FILMER — TREASURER
- RONALD PETERS — PRESIDENT
strategies · 1
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Small Business Lending for Economic Redevelopmentmethodology: economic-redevelopment-lendingBy providing small business loans, we stimulate job creation and support the redevelopment and reuse of land and facilities, because access to capital enables entrepreneurs to launch and expand enterprises in underutilized or distressed areas.