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DEVELOPMENT CHENANGO CORPORATION
NORWICH, NY · EIN 161264689 · Form 990 · FY2025 · NTEE S31Z · Community Improvement · Small ($100K-$1M)
revenue
$115K
expenses
$431K
net assets
$3.3M
employees
0
volunteers
17
program ratio
70%
mission · from form 990

PERFORMANCE GOALS:PROVIDE ASSISTANCE TO COMPANIES EXPANDING IN CHENANGO COUNTYPROVIDE ASSISTANCE TO COMPANIES LOCATING IN CHENANGO COUNTYPROVIDE ASSISTANCE TO COMPANIES TO RETAIN JOBS IN CHENANGO COUNTYSUPPORT PROJECTS THAT WILL INCREASE AVAILABLE EMPLOYMENT OPPORTUNITIES IN CHENANGO COUNTYFACILITATE AN INCREASE IN THE AVAILABILITY OF A WELL-TRAINED AND SKILLED WORKFORCE IN CHENANGO COUNTYPARTICIPATE IN DOWNTOWN REVITALIZATION EFFORTS THROUGHOUT CHENANGO COUNTYSUPPORT EFFORTS TO ATTAIN NECESSARY INFRASTRUCTURE TO SUSTAIN BUSINESS ACTIVITY THROUGHOUT CHENANGO COUNTYREDUCE THE NUMBER OF DILAPIDATED/BLIGHTED COMMERCIAL PROPERTIES THROUGHOUT CHENANGO COUNTY

profile · synthesized from sources

Development Chenango Corporation is a community development organization focused on economic growth in Chenango County, New York. It supports business expansion, job retention, workforce development, and downtown revitalization. The organization manages loan portfolios and provides grants to promote local economic development.

irs program accomplishments · form 990 part iii · fy2023

What they reported doing

  1. #1 primary $27K
    DIRECT EXPENDITURES MADE FOR THE MANAGEMENT OF DCC ADMINISTERED LOAN PORTFOLIOS.
  2. #2 $10K
    GRANTS AND BUSINESSES FOR THE PROMOTION OF ECONOMIC DEVELOPMENT IN CHENANGO COUNTY, NEW YORK AND THE RELATED ADMINISTRATIVE EXPENSES.
named programs · 2 · from sources

What they call their work

Economic Development Grants
Provision of grants and business support to promote economic development, including administrative expenses related to program implementation.
Loan Portfolio Management
Direct expenditures for managing DCC-administered loan portfolios to support local businesses and economic development in Chenango County.
activities · 1 group

What they do

  • Local Business Financing and Incentives 2 activities
    • Manage loan portfolios for economic development
      Provides financing through managed loan portfolios to support economic development initiatives in Chenango County, NY. Activities include direct expenditures to fund local development projects.
    • Provide grants and business support for economic development
      Offers grants and direct business assistance to promote economic development in Chenango County, NY, including support for local enterprises and entrepreneurial initiatives.
financials · form 990 · fy2025
revenue
Total revenue$115K
Contributions & grants$164K142%
Program service revenue$130K113%
Investment income$-163K-142%
Other revenue$-16K
expenses
Total expenses$431K
Program expenses70%
Admin / overhead30%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$3.47M
Cash$589K
Investments$2.01M
Liabilities$170K
Net assets$3.30M
Liquid reserves72.3 mo
5 years on record · 2020–2025 · YoY revenue -57.8%
leadership · form 990 part vii · fy2025

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
SALVATORE TESTANI Executive Dir. 40 $89K
board members · 16
  • ADAM SPENCE — Director
  • CHRIS KISACKY — Director
  • DIANE SCALZO — Director
  • ED COATES — Director
  • ERIK SCRIVENER — Secretary
  • GRANT BRIGHTMAN — Director
  • JARED BARTLE — Director
  • JEFFERY BLANCHARD — Director
  • JULIA MILLER — Director
  • KECIA BURTON — Director
  • KURT EDWARDS — Treasurer
  • LUKE MURPHY — Director
  • MARK SILVANIC — Director
  • PHIL WADE — Director
  • RC WOODFORD — Director
  • SARAH CASSCLES — Director
relationships · 1

Who they work with

  • Chenango County Government — Collaborates with Chenango County on economic development, infrastructure, and downtown revitalization initiatives.
strategies · 2

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.

  • Economic Development Partnerships
    methodology: economic-development-partnerships
    By assisting companies in expanding or relocating to Chenango County, we increase employment opportunities and stimulate local economic growth because targeted business support strengthens regional economic capacity.
  • Place-Based Economic Revitalization
    methodology: place-based-economic-revitalization
    By investing in downtown revitalization and infrastructure improvements, we sustain business activity and reduce blight because enhanced physical and economic infrastructure attracts private investment and supports long-term community vitality.