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MOHAWK VALLEY REHABILITATION CORPORATION

MOHAWK, NY · EIN 222258007 · Form 990 · FY2025 · Small ($100K-$1M)
revenue
$182K
expenses
$346K
net assets
$3.4M
employees
0
program ratio
83%
mission · from form 990

TO PROVIDE SMALL BUSINESS LOANS THAT DEVELOP AND RECYCLE LAND AND FACILITIES FOR JOB CREATION.

profile · synthesized from sources

Mohawk Valley Rehabilitation Corporation is a New York-based nonprofit focused on economic development through small business lending. The organization provides loans to support the redevelopment and reuse of land and facilities, with the goal of creating jobs in underserved communities. Its activities are centered in the Mohawk Valley region of New York State.

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

  • Small Business and Nonprofit Lending 1 activity
    • Providing small business loans for land and facility development
      Provides small business loans aimed at supporting the development and reuse of land and facilities to promote job creation.
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
NameTitleHours/wkCompensation
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 Redevelopment
    methodology: economic-redevelopment-lending
    By 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.