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SENECA COUNTY ECONOMIC DEVELOPMENT CORPORATION
WATERLOO, NY · EIN 161585758 · Form 990 · FY2024 · NTEE S30 · Community Improvement · Micro (<$100K) · senecacountyida.org
revenue
$49
expenses
$15K
net assets
$117K
employees
0
volunteers
3
program ratio
0%
mission · from form 990

PROMOTING EMPLOYMENT & ENCOURAGING DEVELOPMENT OF INDUSTRY.

profile · synthesized from sources

Seneca County IDA is a public benefit corporation focused on advancing job opportunities and economic welfare in Seneca County, NY. It supports commerce, industry, housing, and recreation by providing financial assistance such as tax exemptions, lease/leasebacks, and conduit bond financing to qualified projects. The organization promotes available real estate for business development and highlights existing employers in the region.

irs program accomplishments · form 990 part iii · fy2020

What they reported doing

  1. #1 primary $44K
    THE RESPONSIBILITY FOR MANAGEMENT OF THE SAMPSON VETERANS MEMORIAL CEMETERY.
named programs · 3 · from sources

What they call their work

Available Buildings & Sites Program
Offers commercial and industrial properties for sale or lease to attract new businesses and support expansion of existing ones in Seneca County.
Incentives Program
Provides financial incentives including tax exemptions and lease/leaseback arrangements to qualifying businesses.
SenIDA Approved Projects
Supports a variety of economic development projects through financial incentives and partnerships.
activities · 8 groups

What they do

  • Regional Economic Development Initiatives 2 activities
    • Economic development through business attraction and expansion support
      Supports long-term economic prosperity in Seneca County by attracting new businesses, facilitating site selection for companies needing 5,000 to 50,000 square feet of space, and supporting the growth of existing businesses through access to land, resources, and labor.
    • Support for industrial park and former military site redevelopment
      Facilitates economic reuse of underutilized properties, including support for the Deer Run Industrial Park and redevelopment efforts at the former Seneca Army Depot.
  • Local Business Financing and Incentives 2 activities
    • Job creation and retention through business support
      Supported the creation of 2,763 jobs and retention of 1,623 jobs over the past five years through targeted assistance to businesses in Seneca County.
    • Strategic business incentive programs
      Offers financial and logistical incentives to enhance business competitiveness and encourage investment and expansion within Seneca County.
  • Capital Infrastructure Funding 1 activity
    • Infrastructure development through PILOT financing
      Uses PILOT (Payment in Lieu of Taxes) Increment Financing to support water and sewer infrastructure improvements that serve both specific business developments and the broader community.
  • Cemetery and Cremation Services 1 activity
    • Management of Sampson Veterans Memorial Cemetery
      Manages the operations and maintenance of the Sampson Veterans Memorial Cemetery, providing dignified burial services for veterans.
  • Regional Tourism Promotion 1 activity
    • Promotion of tourism development in Seneca County
      Supports growth in the local tourism sector as part of broader economic development strategy.
  • Small Business and Nonprofit Lending 1 activity
    • Provision of low-interest and emergency loan programs for businesses
      Provides low-interest loans to small- and medium-sized businesses to support job creation and retention, including expanded emergency loan options with deferred payments and zero interest through May 6, 2021, for businesses impacted by the COVID-19 pandemic.
  • Organization Website and Online Platform Management 1 activity
    • Public access to economic development information and resources
      Maintains public access to transportation information, meeting records, documents, programs, and projects via its website to support transparency and informed decision-making for businesses and residents.
  • Neighborhood Revitalization Initiatives 1 activity
    • Redevelopment of the Willard Campus
      Leads redevelopment planning for the 550-acre Willard Campus through a Highest and Best Use Study conducted by MRB Group, including demographic and economic analyses, stakeholder engagement, and concept master planning; committed $500,000 in funding and secured EPA Brownfields grants for environmental assessments.
financials · form 990 · fy2024
revenue
Total revenue$49
Contributions & grants$00%
Program service revenue$00%
Investment income$49100%
Other revenue$0
expenses
Total expenses$15K
Program expenses0%
Admin / overhead100%
Fundraising0%
Salaries & benefits$3K
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$117K
Cash$117K
Investments$0
Liabilities$0
Net assets$117K
Liquid reserves92.3 mo
4 years on record · 2020–2024 · YoY revenue -12.5%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 2
NameTitleHours/wkCompensation
SARAH DAVIS EXECUTIVE DIRECTOR 5 $107K
ROBERT KERNAN CFO 2 $3K
board members · 3
  • JEFFREY SHIPLEY — VICE CHAIR
  • STEVEN BRUSSO — CHAIR
  • THOMAS KIME — SECRETARY/TREASURER
relationships · 18

Who they work with

  • Bero Architecture Partner — Consulting team member involved in the Highest & Best Use Study for the Willard Campus.
  • EDR Partner — Consulting team member involved in the Highest & Best Use Study for the Willard Campus.
  • HRP Associates Partner — Consulting team member involved in the Highest & Best Use Study for the Willard Campus.
  • Hipshot Products Inc. Partner — Documented as a supported employer with a case study highlighting its presence and growth in Seneca County.
  • Hipshot Products Inc. Partner — Featured as a local business supported by or affiliated with Seneca County IDA's economic development initiatives.
  • Hipshot Products Inc. Partner — Locally founded manufacturing company that exemplifies Seneca County's supportive environment for business growth.
  • Hipshot Products Inc. Partner — Partnered with SENIDA for business development in Seneca County.
  • ITT Goulds Pumps Partner — Longstanding industrial presence in Seneca County since 1848, contributing to municipal and industrial water markets.
  • ITT Goulds Pumps Partner — Partner company supported by Seneca County IDA, highlighted in a case study for its long-standing industrial presence in the county.
  • ITT Goulds Pumps Partner — Partnered with SENIDA for business expansion in Seneca County.
  • ITT Goulds Pumps Partner — Recognized as a long-standing industrial business supported by or affiliated with Seneca County IDA's economic development efforts.
  • ITT Goulds Pumps Partner — Supported through Seneca County IDA with business growth initiatives, including case study documentation.
  • MRB Group Partner — Consulting partner selected to conduct the Highest & Best Use Study for the Willard Campus.
  • MRB Group Partner — Hired to conduct a Highest & Best Use Study for the Willard Campus.
  • MRB Group Partner — Partnered to conduct a Highest and Best Use Study for the Willard campus redevelopment.
  • Seneca County Funding Corporation Partner — Collaborates on public documents and transparency initiatives.
  • Seneca County Industrial Development Agency Government — Shares public documents and operates in coordination with the Seneca County IDA.
  • US EPA Brownfields Assessment Coalition Government — Provided grant funds for regulated building materials surveys at the Willard campus.
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 Attraction and Retention through Local Asset Leverage
    methodology: business_attraction_and_retention
    By attracting new businesses and supporting the expansion of existing ones, we stimulate long-term economic prosperity because leveraging localized assets—such as land, natural resources, skilled labor, and regional industries—creates a competitive, business-friendly environment that drives job creation and investment.
  • Financing Gap Intervention for Job Creation
    methodology: financing_gap_loan_program
    By providing low-interest loans to small- and medium-sized businesses facing capital shortfalls, we enable business growth and stabilization, because closing financing gaps directly supports local job creation and retention in Seneca County.
  • Integrated and Locally-Led Redevelopment Model
    methodology: locally-led redevelopment
    By combining community-engaged planning, highest-and-best-use analysis, and transparent RFP processes, we ensure responsible redevelopment of underutilized sites like the Willard Campus because locally-led, data-informed decision-making increases community buy-in, accountability, and long-term project viability.
  • Sector-Targeted Economic Development
    methodology: sector-targeted-economic-development
    By focusing economic development efforts on strategically selected sectors—advanced manufacturing, alternative energy, agribusiness, healthcare, and destination tourism—we generate sustainable growth because aligning investments with regional strengths increases the likelihood of market relevance and long-term industry resilience.