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THREE RIVERS DEVELOPMENT CORPORATION
CORNING, NY · EIN 510243697 · Form 990 · FY2024 · Small ($100K-$1M) · 3riverscorp.com
revenue
$609K
expenses
$515K
net assets
$736K
employees
2
volunteers
13
program ratio
76%
mission · from form 990

TO FACILITATE AND DRIVE COMMUNITY AND ECONOMIC INITIATIVES AND COLLABORATIONS THAT GROW THE REGIONAL ECONOMY AND ENHANCE THE OVERALL QUALITY OF LIFE.

profile · synthesized from sources

Three Rivers Development Corporation drives economic development and community revitalization in the Southern Finger Lakes region of New York, focusing on Steuben, Chemung, and Schuyler Counties. The organization leads, partners, and collaborates on initiatives related to housing, infrastructure, workforce, and business growth. It supports regional competitiveness through strategic planning, feasibility studies, and capital investment projects that enhance quality of life and attract talent.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $98K
    PUBLIC PROJECTS - CAPITAL INVESTMENT & REAL ESTATE REDEVELOPMENT
  2. #2 $29K
    COMMUNITY PROMOTIONS - MARKETING, BUSINESS ATTRACTION, AND EVENTS
named programs · 7 · from sources

What they call their work

Carriage House Inn Boutique Hotel
High-end boutique hotel project in Elmira, NY, housed in a historic building on the Arnot Art Museum campus, supported by $1 million in RESTORE NY funding with an expected opening in Autumn 2026
Chemung River Greenway Trail
Feasibility study and development initiative for a 53-mile multi-use trail connecting Corning, Elmira, and Erwin, intended to support local economies and enhance quality of life
Corning Housing Partnership (CHP)
Public/private partnership focused on neighborhood revitalization in Corning, NY, leveraging nearly $3.5 million in housing rehabilitation investments to increase property values and neighborhood desirability
I86 Innovation Corridor
Economic development strategy for the I-86 corridor from Elmira to Painted Post, designed to accelerate investment, create jobs, and attract skilled workers through leadership, human capital, built environment, and innovation strategies
SoFLX.com
Regional recruitment and retention website promoting the Southern Finger Lakes as a destination for talent, remote workers, and local job seekers, supported by major employers including Arnot Health, Guthrie, and Corning Inc.
Southeast Steuben Housing Needs Analysis
Comprehensive housing needs assessment to evaluate current conditions, identify unmet demand, and guide future investments in Southeast Steuben County
Southern Tier Railcar Industry Analysis
2025 study commissioned by Three Rivers, SCIDA, and STEG to assess regional competitiveness, workforce, and supply chain needs for the railcar industry, providing actionable recommendations for manufacturers and training institutions
activities · 3 groups

What they do

  • Regional Economic Development Initiatives 6 activities
    • Advocacy for infrastructure and economic development
      Advocates for infrastructure upgrades to support business development, job attraction, and quality of life improvements in the Southern Tier region, and is recognized for contributions to job creation and economic growth, including being named a 2024 Trailblazer in Economic Development by City & State.
    • Infrastructure and business park development
      Partners in the development of key regional infrastructure projects, including the Southern Tier Logistics Business Park to house Siemens Mobility’s high-speed railcar production facility and the Chemung River Greenway Trail Feasibility Study, supported by $50,000 in ARC funding.
    • Regional economic development coordination
      Serves a three-county region of nearly 1,400 square miles with over 200,000 residents in the Southern Finger Lakes area of New York, providing strategic coordination and support for economic development initiatives across Steuben, Chemung, and Schuyler counties.
    • Regional economic development leadership and collaboration
      Provides leadership, facilitation, collaboration, and advocacy for economic development in Steuben, Chemung, and Schuyler Counties, NY, by partnering with regional economic development agencies, municipalities, businesses, and organizations to implement active economic development projects and accelerate solutions to regional growth challenges.
    • Regional marketing and quality-of-life promotion
      Strengthens and promotes the region’s quality of life ecosystem through initiatives such as the launch of SoFLX.com, a regional recruitment and retention platform that promotes the Southern Finger Lakes region’s quality of life, natural scenery, arts and culture, and lifestyle to support economic development.
    • Workforce and economic strategy development
      Convenes stakeholders to develop regional economic and workforce strategies, including the I86 Innovation Corridor Plan and regional workforce initiatives, and provides leadership to drive talent recruitment and retention efforts in the Southern Tier region.
  • Neighborhood Revitalization Initiatives 2 activities
    • Community and downtown revitalization initiatives
      Leads community revitalization strategies and downtown redevelopment efforts, including the historic renovation of Corning’s main street, leveraging nearly $3.5 million through the Corning Housing Partnership, and contributing to property value increases of 9% to 11% for single-family homes and 93% to 131% for multi-family properties in target neighborhoods.
    • Real estate redevelopment and capital investment
      Engages in capital investment and real estate redevelopment projects to support community and economic growth, including the redevelopment of the former hospital site in Corning into mixed-use facilities such as the SUNY Corning Community College Health Education Center, First Heritage Federal Credit Union headquarters, and 176 Denison, a market-rate apartment complex with over 100 units.
  • Uncategorized 3 activities
    • Healthcare and community facility development
      Supported the development of Guthrie Corning Hospital, a 65-bed hospital and regional cancer center, and secured $1 million in RESTORE NY grant funding in 2025 for the development of The Carriage House Inn boutique hotel, with opening planned for Autumn 2026.
    • Housing demand research and development support
      Conducted housing demand analyses and needs assessments in Steuben and Chemung Counties, forecasting demand for market-rate housing and supporting private developers in establishing several hundred new units to inform investment and planning.
    • Rail industry and regional competitiveness studies
      Commissioned a comprehensive analysis of railcar industry demand in the Southern Tier, assessing regional competitiveness, workforce capacity, and supply chain needs with long-term demand forecasts to inform economic development strategy.
financials · form 990 · fy2024
revenue
Total revenue$609K
Contributions & grants$585K96%
Program service revenue$00%
Investment income$23K4%
Other revenue$40
expenses
Total expenses$515K
Program expenses76%
Admin / overhead24%
Fundraising0%
Salaries & benefits$251K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$946K
Cash$732K
Investments$0
Liabilities$210K
Net assets$736K
Liquid reserves17.1 mo
5 years on record · 2020–2024 · YoY revenue +24.3%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
KAMALA KEELEY PRESIDENT 30 $159K
board members · 13
  • ANGELA HAWKEN — BOARD MEMBER
  • CARLY NORTON — BOARD MEMBER
  • CHIP CUMMINGS — BOARD MEMBER
  • EDMUND SABANEGH — BOARD MEMBER
  • FRED ARCURI — CHAIR OF THE BOARD
  • GEORGE WELCH SR — SECRETARY
  • JAMIE JOHNSON — BOARD MEMBER
  • JONATHAN LAWRENCE — BOARD MEMBER
  • MICHAEL MISHOOK — BOARD MEMBER
  • MILLICENT RUFFIN — VICE CHAIR
  • PETER DUGO — BOARD MEMBER
  • SUSAN BULL — BOARD MEMBER
  • TOM PISANO — TREASURER
relationships · 54

Who they work with

  • Arbor Housing & Development Partner — Member organization providing strategic guidance and support
  • Arbor Housing and Development Partner — Collaborates with Arbor Housing and Development as part of the Corning Housing Partnership to advance housing and community development in Corning, NY.
  • Arbor Housing and Development Partner — Partner in the Corning Housing Partnership.
  • Arnot Health, A Member of Centralus Health Partner — Member organization providing strategic guidance and support
  • Arnot Realty Partner — Member organization providing strategic guidance and support
  • BarrYann, Inc. Partner — Member organization providing strategic guidance and support
  • Camoin Associates Partner — Engaged by Three Rivers Development to conduct studies including the Southern Tier Railcar Industry Demand Analysis and the Southeast Steuben County Housing Needs Assessment.
  • Chemung Canal Trust Company Partner — Member organization providing strategic guidance and support
  • Chemung County Partner — Three Rivers Development serves as a leader and collaborator in Chemung County for economic development initiatives.
  • City of Corning Government — Collaborates with the City of Corning as a member of the Corning Housing Partnership to drive community and housing development initiatives.
  • City of Corning Partner — Partner in the Corning Housing Partnership and downtown revitalization initiatives.
  • City of Elmira Partner — Collaborated with Three Rivers Development to secure RESTORE NY grant funding for The Carriage House Inn boutique hotel project.
  • Corning Enterprises Partner — Partner in the Corning Housing Partnership.
  • Corning Enterprises Partner — Partners with Corning Enterprises as part of the Corning Housing Partnership to support housing and economic development in Corning, NY.
  • Corning Federal Credit Union Partner — Member organization providing strategic guidance and support
  • Corning Housing Partnership Partner — Formed in collaboration with community leaders and partners to support housing development in Corning.
  • Corning Incorporated Partner — Collaborates through a shared leadership role to advance economic development and community impact in the Southern Finger Lakes Region.
  • Corning Incorporated Partner — Member organization providing strategic guidance and support
  • Corning Natural Gas Partner — Member organization providing strategic guidance and support
  • EDC Management Partner — Member organization providing strategic guidance and support
  • Excellus Blue Cross/Blue Shield Partner — Member organization providing strategic guidance and support
  • Finger Lakes Wine Country Partner — Member organization providing strategic guidance and support
  • First Heritage Federal Credit Union Partner — Member organization providing strategic guidance and support
  • First Heritage Federal Credit Union Partner — Partner in redevelopment of the former hospital site for its new headquarters building.
  • Five Star Bank Partner — Member organization providing strategic guidance and support
  • Guthrie Health Care System Partner — Member organization providing strategic guidance and support
  • Harter Secrest & Emery LLP Partner — Member organization providing strategic guidance and support
  • Howard Hanna Real Estate Partner — Member organization providing strategic guidance and support
  • Hunt Engineers Partner — Member organization providing strategic guidance and support
  • Instant Brands Partner — Member organization providing strategic guidance and support
+ 24 more
strategies · 5

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.

  • Convening as Strategic Leadership
    methodology: convening_model
    By acting as a convener and thought leader on regional issues, the organization advances economic sustainability because bringing stakeholders together fosters alignment, shared vision, and collective action on innovation, workforce, and quality-of-life priorities.
  • Cross-Sector Collaboration for Economic Solutions
    methodology: cross-sector_collaboration
    By engaging public, private, and organizational partners in collaborative initiatives, the organization generates more effective economic development strategies because diverse expertise and resources lead to innovative, holistic solutions.
  • Member-Driven Community Development
    methodology: member_driven_model
    By structuring development initiatives around member contributions from local businesses and organizations, the organization ensures locally grounded, sustainable projects because community ownership leads to greater commitment and strategic relevance.
  • Place-Based Economic Development
    methodology: place-based economic development
    By leveraging regional assets such as natural beauty, educational institutions, and transportation infrastructure, the organization attracts and retains businesses and talent because a strong sense of place enhances quality of life and economic resilience.
  • Private-Sector-Led Regional Development
    methodology: private_sector_led_regional_development
    By leveraging private-sector leadership and partnership, the organization drives regional economic development because private actors bring agility, strategic insight, and advocacy capacity that public entities alone lack, creating more effective and sustainable outcomes.