named programs · 1 · from sources
What they call their work
Al Tech Loan Fund
Provides low-interest commercial loans to small and medium-sized businesses in Albany County to support job creation and commercial real estate development.
activities · 1 group
What they do
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Local Business Financing and Incentives 1 activity
- Provides low-interest commercial loans to small and medium-sized businessesOffers financing through the AL Tech Loan Fund to support job creation and expansion of the commercial real estate tax base in Albany County.
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financials · form 990 · fy2024
revenue
Total revenue$743K
Contributions & grants$00%
Program service revenue$331K45%
Investment income$412K55%
Other revenue$0
expenses
Total expenses$437K
Program expenses79%
Admin / overhead21%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$20.24M
Cash$2.48M
Investments$7.38M
Liabilities$145K
Net assets$20.09M
Liquid reserves270.9 mo
5 years on record · 2020–2024 · YoY revenue +14.8%
leadership · form 990 part vii · fy2024
Who runs it
board members · 9
- ALAN ALEXANDER — TREASURER
- ALLEN MAIKELS — MEMBER
- CAITLIN O'BRIEN — EX-OFFICIO
- DAN SCARING — MEMBER
- DIANA OSTROFF — SECRETARY
- JEFFERY STONE — CHAIRMAN
- LUCAS ROGERS — EX-OFFICIO
- MARCUS Q PRYOR — MEMBER
- SUSAN PEDO — 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.
- Targeted Lending for Local Economic Growthmethodology: economic-development-lendingBy providing low-interest commercial loans to small and medium-sized businesses, we stimulate job creation and expand the commercial property tax base, because access to affordable capital enables local businesses to grow and stabilize, producing broader economic benefits for Albany County.