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LOCAL DEVELOPMENT CORPORATION OF THE TOWN OF UNION
ENDWELL, NY · EIN 222855945 · Form 990 · FY2025 · Small ($100K-$1M)
revenue
$283K
expenses
$245K
net assets
$2.1M
employees
0
program ratio
77%
mission · from form 990

THE ORGANIZATION'S MISSION IS THER CREATION/RETENTION OF PERMANENT JOBS BY SUPPLEMENTING PRIME LENDER LOANS AND ENABLING PROJECTS THAT REQUIRE ADDITIONAL LOW-COST FUNDING THROUGH LOANS AND/OR GRANTS.

profile · synthesized from sources

Local Development Corporation of the Town of Union is a nonprofit organization based in Endwell, NY, focused on supporting economic development through financing solutions. It provides low-cost loans and supplemental funding to enable projects that create or retain permanent jobs. The organization works by augmenting prime lender financing to support local business growth and development initiatives.

named programs · 1 · from sources

What they call their work

Business Loan Program
Provides supplemental low-cost loans to small businesses and development projects that require additional funding beyond prime lender support
activities · 1 group

What they do

  • Small Business and Nonprofit Lending 1 activity
    • Provides financing to support job creation and retention
      Creates and retains permanent jobs by supplementing prime lender loans and providing low-cost funding through loans and/or grants for projects.
financials · form 990 · fy2025
revenue
Total revenue$283K
Contributions & grants$241K85%
Program service revenue$20K7%
Investment income$21K7%
Other revenue$0
expenses
Total expenses$245K
Program expenses77%
Admin / overhead23%
Fundraising0%
Salaries & benefits$125K
Grants paid out$100K
Largest expense lineCompensation
balance sheet
Total assets$2.37M
Cash$1.66M
Investments$0
Liabilities$249K
Net assets$2.13M
Liquid reserves81.4 mo
6 years on record · 2020–2025 · YoY revenue -62.7%
leadership · form 990 part vii · fy2025

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
JOSEPH MOODY EXECUTIVE DIRECTOR 5 $128K
board members · 7
  • GARY LEIGHTON — DIRECTOR
  • JAMES PEDUTO — DIRECTOR
  • JEFFREY L'AMOREAUX — TREASURER
  • KIMBERLY WARD — DIRECTOR
  • MARY O'MALLEY-TRUMBLE — DIRECTOR
  • STEPHEN TRICHKA — PRESIDENT
  • TIMOTHY STRONG — VICE PRESIDENT
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.