2024-07-18T08:57:11-05:00 2023-12-31 161131146 BONADIO & CO LLP 6 WEMBLEY CT ALBANY NY 12205 990 2023-01-01 161530930 ALBANY COUNTY BUSINESS DEVELOPMENT CORP ALBA 5184475602 111 WASHINGTON AVENUE 100 ALBANY NY 12210 AL MAIKELS BOARD TREASURER 5184475602 2024-07-15 1 AL MAIKELS 999009999 0 KEVIN TESTO P01435881 5184644080 2024-07-15 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z AL MAIKELS 111 WASHINGTON AVE ALBANY NY 12210 646608 0 X N/A X 1994 NY TO SUPPORT A VIABLE, SUSTAINABLE ECONOMIC ECO-SYSTEM IN THE COUNTY OF ALBANY BY PROVIDING COMPETIVE INTEREST RATE COMMERCIAL LOANS THROUGH THE AL TECH LOAN FUND AND THE CAPITAL REGION ADVANCEMENT FUND TO SMALL AND MEDIUM SIZE BUSINESSES THAT ARE EXPECTED TO CREATE EMPLOYMENT OPPORTUNITIES AND/OR EXPAND THE COMMERCIAL REAL ESTATE TAX BASE. 7 7 0 0 0 0 0 0 355716 335367 17937 278762 9681 32479 383334 646608 0 0 0 0 0 0 0 0 0 200693 383430 200693 383430 182641 263178 19622363 19872445 49404 87188 19572959 19785257 X TO SUPPORT A VIABLE, SUSTAINABLE ECONOMIC ECO-SYSTEM IN THE COUNTY OF ALBANY BY PROVIDING LOW INTEREST COMMERCIAL LOANS THROUGH THE AL TECH LOAN FUND TO SMALL AND MEDIUM SIZE BUSINESSES THAT ARE EXPECTED TO CREATE EMPLOYMENT OPPORTUNITIES AND/OR EXPAND THE COMMERCIAL REAL ESTATE TAX BASE. 0 0 343879 335367 LENDING - PROVIDE LOW INTEREST COMMERCIAL LOANS TO SMALL AND MEDIUM SIZE BUSINESSES IN AN EFFORT TO CREATE A VIABLE, SUSTAINABLE ECONOMIC ECO-SYSTEM WITHIN THE SERVICE AREA THROUGH THE CREATION OF JOBS. 343879 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X AMY THOMPSON 5189375254 111 WASHINGTON AVENUE SUITE 100 ALBANY NY 12210 X SEAN WARD VICE CHAIRPERSON 1.00 X X 0 0 0 DAN MCCOY EX-OFFICIO 1.00 X 0 0 0 MARCUS Q PRYOR DIRECTOR 1.00 X 0 0 0 ALLEN MAIKELS TREASURER 1.00 X X 0 0 0 ANDREW JOYCE EX-OFFICIO 1.00 X 0 0 0 DIANA OSTEROFF SECRETARY 1.00 X X 0 0 0 JEFFERY STONE BOARD CHAIR 1.00 X X 0 0 0 ALAN ALEXANDER DIRECTOR 1.00 X 0 0 0 DAN SCARING DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 LOAN INTEREST INCOME 900099 334367 334367 LOAN APPLICATION FEES 900099 1000 1000 335367 278762 278762 RECOVERY OF CREDIT LOS 900099 32479 32479 32479 646608 335367 0 311241 AGENCY FEES 316189 316189 PROFESSIONAL FEES 39551 39551 CREDIT LOSS EXPENSE 27690 27690 383430 343879 39551 0 22855 23679 8008790 4477105 11590718 10267276 5104385 19622363 19872445 49404 87188 49404 87188 X 35600 174228 19537359 19611029 19572959 19785257 19622363 19872445 X 263178 -50880 X X 0 1 X 1 0 0 US T-BILL 6-MONTH 2499971 F US T-BILL 1-YEAR 2499265 F ACCRUED INVESTMENT ON TREASURIES 105149 F 5104385 646608 0 646608 0 646608 383430 0 383430 0 383430 FORM 990, PART VI, SECTION A, LINE 3 ADVANCE ALBANY COUNTY ALLIANCE LOCAL DEVELOPMENT CORPORATION PROVIDES ADMINISTRATIVE SERVICES FOR THE LOAN FUND DURING THE YEAR, IN WHICH THE CORPORATION PAYS A MANAGEMENT FEE TO. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWS AND APPROVES THE FORM 990. UPON APPROVAL, THE ENTIRE BOARD IS MADE AWARE THAT THE 990 IS AVAILABLE FOR REVIEW AND A COPY IS PROVIDED AS REQUESTED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST ARE REVIEWED ON AN ANNUAL BASIS. NEW MEMBERS AFFIRM POLICY, WHILE CONTINUING MEMBERS REAFFIRM POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: INITIAL EFFECT OF ADOPTION OF ACCOUNTING STANDARDS CODIFICATION SECTION 326 -50,880. PART XII, LINE 2C NO CHANGES FROM PRIOR YEAR