irs program accomplishments · form 990 part iii · fy2025
What they reported doing
- #1 primary $0THIS MICROLOAN PROGRAM PROVIDES LOANS FROM $10,000 TO $50,000 TO HELP SMALL BUSINESSES WITH MOST BUSINESS RELATED COSTS. THE MICRO ADVANTAGE LOAN PROGRAM PROVIDES FUNDS TO BUSINESSES THAT MAY NOT OTHERWISE BE A CANDIDATE FOR TRADITIONAL BANK LOANS. THIS LOAN PROGRAM GIVES YOU THE OPPORTUNITY TO SECURE FUNDING WHILE LEARNING THE LOAN PROCESS ANDBUILDING YOUR CREDIT IN THE PROCESS.
named programs · 3 · from sources
What they call their work
Emergency Small Business Assistance Loan Program
Offered emergency loans to 188 small businesses, totaling $1,840,785, to support continuity during economic disruptions.
Micro Advantage Loan Program
Provides microloans ranging from $10,000 to $50,000 to small businesses that may not qualify for traditional bank financing, helping them cover business-related costs and build credit.
Mpower Workforce Development Initiative
Partnership with Monroe Community College to upskill and reskill local residents based on labor market demand, connecting employers with trained workers through customized training programs.
activities · 3 groups
What they do
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Local Business Financing and Incentives 4 activities
- Facilitating capital investment through economic development projectsSupported $192,842,190 in capital investment in Monroe County through 31 economic development projects in 2025.
- Providing development assistance for industrial and commercial facilitiesProvides support to for-profit companies for acquiring, constructing, and improving industrial, manufacturing, commercial, and research facilities in Monroe County.
- Providing tax incentives and financial assistance to for-profit businessesOffers sales and mortgage tax exemptions, real property tax abatements, and other financial incentives to for-profit companies for economic development projects in Monroe County.
- Supporting job retention and creation through economic developmentHelped retain 562 jobs and supported the creation of 465 new jobs in Monroe County through economic development initiatives in 2025.
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Small Business and Nonprofit Lending 1 activity
- Administering emergency small business loansProvided 188 emergency loans totaling $1,840,785 to small businesses through the Emergency Small Business Assistance Loan Program.
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Workforce Readiness Training 1 activity
- Partnering on workforce development programsCollaborates with Monroe Community College (MCC) to deliver workforce upskilling and reskilling programs aligned with local labor market needs.
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financials · form 990 · fy2025
revenue
Total revenue$4.82M
Contributions & grants$2.32M48%
Program service revenue$2.16M45%
Investment income$349K7%
Other revenue$0
expenses
Total expenses$1.34M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$388K
Grants paid out$470K
Largest expense lineCompensation
balance sheet
Total assets$12.82M
Cash$7.44M
Investments$0
Liabilities$259K
Net assets$12.56M
Liquid reserves66.9 mo
5 years on record · 2020–2025 · YoY revenue +54.6%
leadership · form 990 part vii · fy2025
Who runs it
paid leadership · 1
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| TONY SCIARABBA | CDC MANAGER | 40 | $100K |
board members · 13
- BRETT OWEN — DIRECTOR
- BRITTANY BACHMAN — DIRECTOR
- CARLA VASQUEZ — DIRECTOR
- CHRISTOPHER JOHNSTON — VICE PRESIDENT
- CHRISTOPHER RUSH — DIRECTOR
- ERIC ROGERS — SECRETARY
- HANIF ABDUL-WAHID — PRESIDENT
- JEFFREY BARKER — TREASURER
- JOE SAYRE — DIRECTOR
- PHILIP SMITH — DIRECTOR
- RYAN FELTNER — DIRECTOR
- TIMOTHY BROWN — DIRECTOR
- ZACK PHILLIPS — DIRECTOR
relationships · 2
Who they work with
- City of Rochester Government — Provides coordinated economic development support for projects in Monroe County, including the City of Rochester.
- Monroe Community College Partner — Partner in the Mpower workforce development initiative to upskill and reskill local residents.
strategies · 4
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.
- Business Incentives for Local Developmentmethodology: business_incentivesBy offering tax incentives and financial assistance, we attract and sustain for-profit business activity in Monroe County, because targeted financial mechanisms reduce barriers to entry and expansion for businesses considering location decisions.
- Equitable Access to Economic Resourcesmethodology: equitable-outreachBy intentionally targeting outreach to minority- and women-owned businesses (MWBEs) and small businesses, we increase equitable participation in economic development programs, because proactive inclusion reduces systemic barriers and expands opportunity for historically marginalized groups.
- Microloan Program for Underserved Businessesmethodology: microloan_program_for_underserved_businessesBy providing microloans to small businesses excluded from traditional banking, we enable access to capital and foster financial capability, because access to credit is a critical driver of business survival and growth for underserved entrepreneurs.
- Workforce Development through Market-Aligned Trainingmethodology: workforce-development-partnershipBy aligning workforce training programs with current employer demands and offering customization, we increase employment readiness and employer satisfaction, because training that reflects real labor market needs produces higher placement and retention rates.