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PROMOTE GLOVERSVILLE DEVELOPMENT CORPORATION
GLOVERSVILLE, NY · EIN 141627619 · Form 990 · FY2024 · NTEE S30 · Community Improvement · Micro (<$100K)
revenue
$14K
expenses
$14K
net assets
$598K
employees
0
program ratio
45%
mission · from form 990

FEDERAL UDAG GRANT LOW INTEREST LOANS TO LOCAL BUSINESSES TO PROMOTE HIRING OF LOCAL WORKERS.

profile · synthesized from sources

PROMOTE GLOVERSVILLE DEVELOPMENT CORPORATION is a community development organization based in Gloversville, NY. It administers low-interest loans to local businesses using federal UDAG grant funds, with the goal of stimulating economic growth and promoting the hiring of local workers. The organization focuses on supporting small business development within its local community.

named programs · 1 · from sources

What they call their work

Low-Interest Loan Program
Provides federally funded low-interest loans to local businesses in Gloversville to support expansion and hiring of local residents.
activities · 1 group

What they do

  • Small Business and Nonprofit Lending 1 activity
    • Provides low-interest loans to local businesses
      Offers low-interest loans to local businesses using federal UDAG grant funds, with the goal of supporting the hiring of local workers in the community.
financials · form 990 · fy2024
revenue
Total revenue$14K
Contributions & grants$00%
Program service revenue$00%
Investment income$14K100%
Other revenue$0
expenses
Total expenses$14K
Program expenses45%
Admin / overhead55%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$598K
Cash$377K
Investments$0
Liabilities$0
Net assets$598K
Liquid reserves332.1 mo
5 years on record · 2020–2024 · YoY revenue +83.7%
leadership · form 990 part vii · fy2024

Who runs it

board members · 6
  • DIANA MARSHALL — BOARD MEMBER
  • JOHN HERLETT — BOARD MEMBER
  • MARK KILMER — BOARD MEMBER
  • RICK RUBY JR — BOARD MEMBER
  • SUSAN CASEY — BOARD MEMBER
  • TRACEY GREEN — BOARD MEMBER
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.