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FACILITATING STRATEGIC ECONOMIC DEVELOPMENT AND TRANSFORMATIVE INVESTMENT IN THE CITY OF ALBANY.
Source: IRS Form 990 (Tax Year 2023)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$3.8M
Program Spending
58%
of total expenses go to program services
Total Contributions
$2.5M
Total Expenses
▼$2M
Total Assets
$24.8M
Total Liabilities
▼$5.8M
Net Assets
$19M
Officer Compensation
→$687.5K
Other Salaries
$313.5K
Investment Income
$433.5K
Fundraising
▼N/A
Tax Year 2023 · Source: IRS Form 990, Schedule I (Grants and Other Assistance)
Total grants awarded: $210.8K
| Recipient | Location | Amount | Type | Purpose |
|---|---|---|---|---|
LARK HALL PRODUCTIONS83-1411348 | ALBANY, NY | $25K | Cash | BIG GRANT |
FIDENS BREWING COMPANY LLC83-0794496 | ALBANY, NY | $25K | Cash | BIG GRANT |
ARE EVENTS PRODUCTIONS27-1298905 | ALBANY, NY | $25K | Cash | BIG GRANT |
MAC EQUIPMENT14-1833949 | ALBANY, NY | $25K | Cash | BIG GRANT |
FAITH CREATIVE NAMES80-0625241 | ALBANY, NY | $22.5K | Cash | BIG GRANT |
NOR JEWELERS LLC83-2731596 | ALBANY, NY | $22K | Cash | BIG GRANT |
VANDEHEYDEN HALL14-1338575 | WYNANTSKILL, NY | $15.6K | Cash | DOWNTOWN RETAIL |
WGM74 LLC84-3106881 | ALBANY, NY | $11.4K | Cash | BIG GRANT |
DINO'S PIZZA46-3848049 | ALBANY, NY | $10K | Cash | FACADE IMPROVEMENT |
THE YARD83-0979876 | ALBANY, NY | $9,243 | Cash | FACADE IMPROVEMENT |
VIETQUEUE INC83-3828616 | ALBANY, NY | $7,000 | Cash | FACADE IMPROVEMENT |
CASTLE ISLAND BILINGUAL45-4816781 | ALBANY, NY | $6,800 | Cash | FACADE IMPROVEMENT |
IRIE VYBEZ LLC46-3827433 | ALBANY, NY | $6,300 | Cash | BIG GRANT |
| Total | $210.8K | |||
ALBANY, NY
$25K
ALBANY, NY
$25K
ALBANY, NY
$25K
ALBANY, NY
$25K
ALBANY, NY
$22.5K
ALBANY, NY
$22K
WYNANTSKILL, NY
$15.6K
ALBANY, NY
$11.4K
ALBANY, NY
$10K
ALBANY, NY
$9,243
ALBANY, NY
$7,000
ALBANY, NY
$6,800
ALBANY, NY
$6,300
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
1
Clean Audits
1
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2023 | Clean | Unmodified (Clean) | $1.3M | No | 2024-04-23 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.3M
Tax Year 2023 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $3.8M | $2.5M | $2M | $24.8M | $19M |
| 2022 | $4.8M | $3.8M | $2.1M | $22.6M | $17.2M |
| 2021 | $2.1M | $1.3M | $2.3M | $23M | $14.8M |
| 2020 | $2M | $1.1M | $2.2M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2023)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Sarah Reginelli | President (until 11/17/23) | 37.5 | $199.7K | $0 | $52.4K | $252.1K |
| Ashley Mohl | Interim Pres/dir Econ Devel | 37.5 | $147.2K | $0 | $46.6K | $193.8K |
| Andrew Corcione | Director Of Real Estate Dev | 37.5 | $118K | $0 | $13.3K | $131.2K |
| Thomas Conoscenti | Vice President (until 6/30/23) | 37.5 | $85.5K | $0 | $24.8K | $110.4K |
| Michael Castellana | Chair | 1 | $0 | $0 | $0 | $0 |
| Anders Tomson | Vice Chair | 1 | $0 | $0 | $0 | $0 |
| John Harris Esq | Treasurer | 1 | $0 | $0 | $0 | $0 |
| John Vero Esq | Secretary | 1 | $0 | $0 | $0 | $0 |
Sarah Reginelli
President (until 11/17/23)
$252.1K
Hrs/Wk
37.5
Compensation
$199.7K
Related Orgs
$0
Other
$52.4K
Ashley Mohl
Interim Pres/dir Econ Devel
$193.8K
Hrs/Wk
37.5
Compensation
$147.2K
Related Orgs
$0
Other
$46.6K
Andrew Corcione
Director Of Real Estate Dev
$131.2K
Hrs/Wk
37.5
Compensation
$118K
Related Orgs
$0
Other
$13.3K
Thomas Conoscenti
Vice President (until 6/30/23)
$110.4K
Hrs/Wk
37.5
Compensation
$85.5K
Related Orgs
$0
Other
$24.8K
Michael Castellana
Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Anders Tomson
Vice Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
John Harris Esq
Treasurer
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
John Vero Esq
Secretary
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Anthony Gaddy | Director | 1 | $0 | $0 | $0 | $0 |
| David Parente | Director | 1 | $0 | $0 | $0 | $0 |
| Dr Havidan Rodriguez | Director | 1 | $0 | $0 | $0 | $0 |
| Heather Mulligan Esq | Director | 1 | $0 | $0 | $0 | $0 |
| Karen Torrejon | Director | 1 | $0 | $0 | $0 | $0 |
| Kaweeda Adams | Director |
Anthony Gaddy
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
David Parente
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Dr Havidan Rodriguez
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $24M |
| $15M |
| 2019 | $5.6M | $4.8M | $1.5M | $24.2M | $15.2M |
| 2018 | $1.8M | $1M | $1.8M | $14.5M | $11.1M |
| 2017 | $1.2M | $548.4K | $1.2M | $14.6M | $11.2M |
| 2016 | $1.5M | $775.3K | $1.5M | $14.9M | $11M |
| 2015 | $1.4M | $674.5K | $1.5M | $14.8M | $11M |
| 2014 | $2.9M | $714.5K | $1.5M | $15.4M | $11.1M |
| 2013 | $1.6M | $837.7K | $1.6M | $15.5M | $9.6M |
| 2012 | $1.6M | $795.5K | $1.4M | $15.6M | $9.6M |
| 2011 | $1.2M | $520.9K | $1.1M | $15.8M | $9.3M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
| Matthew Peter | Director | 1 | $0 | $0 | $0 | $0 |
| Michael Fancher | Director | 1 | $0 | $0 | $0 | $0 |
| Sonya Del Peral | Director | 1 | $0 | $0 | $0 | $0 |
Heather Mulligan Esq
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Karen Torrejon
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Kaweeda Adams
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Matthew Peter
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Michael Fancher
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Sonya Del Peral
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0