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OSWEGATCHIE DEVELOPMENT CORPORATION
HEUVELTON, NY · EIN 161346188 · Form 990 · FY2024 · Micro (<$100K)
revenue
$9K
expenses
$8K
net assets
$723K
employees
0
program ratio
92%
mission · from form 990

REVOLVING LOANS TO NEW AND EXPANDING BUSINESSES

profile · synthesized from sources

OSWEGATCHIE DEVELOPMENT CORPORATION provides revolving loans to support new and expanding businesses. Based in Heuvelton, New York, the organization focuses on economic development through financial lending programs. Its mission centers on fostering local business growth and entrepreneurial opportunities in its community.

named programs · 1 · from sources

What they call their work

Business Loan Program
Provides revolving loans to new and expanding businesses in the Heuvelton, NY area to support local economic development and entrepreneurship.
activities · 1 group

What they do

  • Small Business and Nonprofit Lending 1 activity
    • Provides revolving loans to businesses
      Offers revolving loans to support new and expanding businesses, facilitating access to capital for economic development purposes.
financials · form 990 · fy2024
revenue
Total revenue$9K
Contributions & grants$00%
Program service revenue$2K25%
Investment income$7K75%
Other revenue$0
expenses
Total expenses$8K
Program expenses92%
Admin / overhead8%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$723K
Cash$634K
Investments$0
Liabilities$0
Net assets$723K
Liquid reserves936.8 mo
5 years on record · 2020–2024 · YoY revenue +7.0%
leadership · form 990 part vii · fy2024

Who runs it

board members · 5
  • ALFRED NICHOLS — TRUSTEE
  • DAVID FERRIS JR — VICE CHAIR
  • DORIS LASHER — TREASURER
  • LILLIAN LAROSE — CHAIR
  • VICKI THORNHILL — SECRETARY
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.