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Greater Syracuse Business Development Co
Syracuse, NY · EIN 160906565 · Form 990 · FY2024 · Small ($100K-$1M)
revenue
$231K
expenses
$329K
net assets
$860K
employees
2
program ratio
37%
mission · from form 990

Encourage the locations/expansion of industrial/manufacturing facilities and net wealth generating companies, create job opportunities, reduce unemployment and facilitate the betterment of community prosperity within upstate New York, by making capital and fixed asset loans to private businesses.

profile · synthesized from sources

Greater Syracuse Business Development Co supports economic growth in upstate New York by providing capital and fixed asset loans to private businesses. The organization focuses on encouraging the establishment and expansion of industrial and manufacturing facilities, creating jobs, reducing unemployment, and fostering community prosperity. It operates as a mission-driven lender to stimulate local economic development.

named programs · 1 · from sources

What they call their work

Capital and Fixed Asset Lending Program
Provides loans to private businesses for the location, expansion, or development of industrial and manufacturing facilities in upstate New York
activities · 1 group

What they do

  • Small Business and Nonprofit Lending 1 activity
    • Provides capital and fixed asset loans to businesses
      Offers loans to private businesses for the purpose of supporting the location or expansion of industrial and manufacturing facilities in upstate New York.
financials · form 990 · fy2024
revenue
Total revenue$231K
Contributions & grants$00%
Program service revenue$231K100%
Investment income$00%
Other revenue$0
expenses
Total expenses$329K
Program expenses37%
Admin / overhead63%
Fundraising0%
Salaries & benefits$128K
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$911K
Cash$381K
Investments$0
Liabilities$51K
Net assets$860K
Liquid reserves13.9 mo
6 years on record · 2019–2024 · YoY revenue +6.5%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
Bob Ellis Former Executive Director 40 $89K
board members · 16
  • Adam E Panek — Treasurer
  • Alison X Ha — Trustee
  • Andrew D'Agostino — Trustee
  • Dana Loucks — Vice President
  • Donald J Western — Trustee
  • Edward Slank — Vice President
  • F Paul Vellano Jr — Trustee
  • Frederick G Rudmann — Trustee
  • John Gibbs — Trustee
  • Kenneth Gardiner — Chairman/President
  • Kenneth Jardin II — Trustee
  • Kevin LaMontagne — Trustee
  • Luke E Fagan — Trustee
  • Robert D Griffin — Trustees
  • Robert L Vertucci — Trustee
  • Russell T Rohan — Trustee
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.