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REGIONAL ECONOMIC DEVELOPMENT AND ENERGY CORPORATION

PAINTED POST, NY · EIN 222332050 · Form 990 · FY2023 · NTEE S30Z · Community Improvement · Micro (<$100K)
revenue
$60K
expenses
$88K
net assets
$2.1M
employees
3
volunteers
21
program ratio
100%
mission · from form 990

TO PROVIDE ECONOMIC DEVELOPMENT LENDING CAPABILITY FOR BUSINESSES IN CHEMUNG, SCHUYLER AND STEUBEN COUNTIES, WHICH FULLY RESPONDS TO THE NEEDS OF THE REGION AND THE OBJECTIVES OF THE CORPORATION.

profile · synthesized from sources

Regional Economic Development and Energy Corporation provides economic development lending to support businesses in Chemung, Schuyler, and Steuben Counties, New York. The organization focuses on financing solutions that respond to regional economic needs and promote local business growth. Its mission centers on strengthening the regional economy through targeted lending programs.

named programs · 1 · from sources

What they call their work

Economic Development Lending Program
Provides financing and lending support to small businesses and entrepreneurs in Chemung, Schuyler, and Steuben Counties to stimulate economic growth and job creation.
activities · 1 group

What they do

financials · form 990 · fy2023
revenue
Total revenue$60K
Contributions & grants$00%
Program service revenue$60K100%
Investment income$1350%
Other revenue$0
expenses
Total expenses$88K
Program expenses100%
Admin / overhead0%
Fundraising0%
Salaries & benefits$17K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$2.39M
Cash$866K
Investments$0
Liabilities$295K
Net assets$2.09M
Liquid reserves117.9 mo
5 years on record · 2019–2023 · YoY revenue -57.0%
leadership · form 990 part vii · fy2023

Who runs it

paid leadership · 2
NameTitleHours/wkCompensation
GEORGE MINER PRESIDENT 7 $107K
BRYANT MYERS PRESIDENT 7 $56K
board members · 21
  • ASHLEIGH MADISON — DIRECTOR
  • BRIAN WARNER — CHAIR
  • CHELSEA ROBERTSON — DIRECTOR
  • CHRISTOPHER BREWER — DIRECTOR
  • CHRISTOPHER COLETTA — TREASURER
  • CHRISTOPHER GIAMMICHELE — DIRECTOR
  • GRACE DALTON — DIRECTOR
  • JAMIE JOHNSON — DIRECTOR
  • JENNIFER MILLER — DIRECTOR
  • JILL KOSKI — VICE-CHAIR
  • JOSEPH ROMAN — DIRECTOR
  • JUDY MCKINNEY CHERRY — DIRECTOR
  • JULIE CHEVALIER — DIRECTOR
  • KAMALA KEELEY — SECRETARY
  • KELSEY KNOWLES — DIRECTOR
  • KEVIN DOUGHERTY — DIRECTOR
  • MICHAEL J MANZARI — DIRECTOR
  • MICHAEL NISBET — DIRECTOR
  • MIKE MCCUMISKEY — DIRECTOR
  • SUSAN MONROE — DIRECTOR
  • TODD STRONG — DIRECTOR
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.