2024-05-10T09:58:28-04:00 2023-06-30 161263579 GUSTAFSON & WARGO CPAS LLP 3264 SENECA TPKE CANASTOTA NY 130324505 990 2022-07-01 161096074 CANASTOTA DEVELOPMENT CORPORATION CANA 3156973120 PO BOX 105 CANASTOTA NY 13032 TODD ROUSE PRESIDENT 3156973120 2024-05-08 true TODD ROUSE XXX-XX-XXXX false T CHARLES CHAMBERS CPA P00445408 3156972345 2024-05-08 2022 2023-04-26 12:10:37Z TODD ROUSE PO BOX 105 CANASTOTA NY 13032 96851 false X NMBDC.COM X PROVIDE RENTAL SPACE FOR START-UP BUSINESSES 10 10 2 0 0 100830 95673 285 1178 0 101115 96851 0 0 7738 8741 0 0 46190 28119 53928 36860 47187 59991 492988 552979 419 419 492569 552560 X PROVIDE RENTAL SPACE FOR START-UP BUSINESSES false false 25874 95673 EXPENSES INCURRED IN CONJUNCTION WITH THE PROVISION OF FACILITIES TO STARTUP BUSINESSES. FROM THE PERIOD BEGINNING 7/01/22 & ENDING 6/30/23 THE MADISON COUNTY BUSINESS INCUBATOR CENTER, LOCATED WITHIN THE CANASTOTA INDUSTRIAL PARK & MEASURING 14,400 SQ. FEET, PROVIDED AFFORDABLE RENTAL SPACE TO 7 TENANTS FOR STARTUPS. SPACE IS RENTED TO NEW TENANTS AT A BASE RATE OF 3.50 PER SQUARE FOOT FOR THE FIRST YEAR THAT THEY ARE LOCATED WITHIN THE INCUBATOR CENTER. RENTAL EXPENSE INCLUDES THE CHARGES FOR HEAT, WATER, SEWER, MAINTENANCE, AND SNOW REMOVAL. EACH YEAR TENANTS RECEIVE A RENT INCREASE OF 0.50 PER SQUARE FOOT OF SPACE OCCUPIED. THE BUILDING HAD ONE UNOCCUPIED BAY UNIT AND THREE UNOCCUPIED OFFICE SUITES AT 6/30/23. AN ACTIVE ON-GOING ADVERTISING CAMPAIGN WILL WORK TO IDENTIFY & WELCOME NEW TENANTS TO THE INCUBATOR TO ANY AVAILABLE UNITS WITHIN THE COMING YEAR. 417 . 417 26291 true false false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false 4 0 2 false false false false false false false false false false false false false false false X 10 10 false true false false false true true true true false false false false false false false false false NY X CO GUSTAFSON & WARGO CPAS LLP 3156972345 3264 SENECA TURNPIKE CANASTOTA NY 13032 X TODD ROUSE PRESIDENT 1.00 X X 0 0 0 GERALD GORTNER VICE PRESIDE 1.00 X X 0 0 0 ROBERT MENIKHEIM TREASURER 1.00 X X 0 0 0 LORI TORREY SECRETARY 1.00 X X 0 0 0 MARTIN KNOX DIRECTOR 1.00 X 0 0 0 JOEL ARSENAULT DIRECTOR 1.00 X 0 0 0 false false false PROGRAM SERVICE REVENUE 95673 95673 95673 1178 1178 96851 95673 1178 8120 8120 621 621 1050 1050 85 85 14302 14302 3068 3068 INSURANCE 5704 5704 TRASH PICKUP 2759 2759 TELEPHONE 617 617 LICENSES & FEES 175 175 359 198 161 36860 26291 10569 0 157526 210222 288376 289536 558654 505433 47086 53221 492988 552979 419 419 419 419 X 492569 552560 492569 552560 492988 552979 59991 X false false X 84313 89130 94429 100830 95673 464375 84313 89130 94429 100830 95673 464375 47370 53631 54428 66839 60849 283117 47370 53631 54428 66839 60849 283117 181258 1906 4154 512 285 1178 8035 1906 4154 512 285 1178 8035 86219 93284 94941 101115 96851 472410 0.38370 0.40770 0.02000 0.02000 X 425297 425297 132759 79538 53221 598 598 53221 PAYROLL LIABILITIES 343 REFUNDABLE SECURITY DEPOSIT 76 419 FORM 990, PAGE 2, PART III, LINE 4A EXPENSES INCURRED IN CONJUNCTION WITH THE PROVISION OF FACILITIES TO STARTUP BUSINESSES. FROM THE PERIOD BEGINNING 7/01/22 & ENDING 6/30/23 THE MADISON COUNTY BUSINESS INCUBATOR CENTER, LOCATED WITHIN THE CANASTOTA INDUSTRIAL PARK & MEASURING 14,400 SQ. FEET, PROVIDED AFFORDABLE RENTAL SPACE TO 7 TENANTS FOR STARTUPS. SPACE IS RENTED TO NEW TENANTS AT A BASE RATE OF 3.50 PER SQUARE FOOT FOR THE FIRST YEAR THAT THEY ARE LOCATED WITHIN THE INCUBATOR CENTER. RENTAL EXPENSE INCLUDES THE CHARGES FOR HEAT, WATER, SEWER, MAINTENANCE, AND SNOW REMOVAL. EACH YEAR TENANTS RECEIVE A RENT INCREASE OF 0.50 PER SQUARE FOOT OF SPACE OCCUPIED. THE BUILDING HAD ONE UNOCCUPIED BAY UNIT AND THREE UNOCCUPIED OFFICE SUITES AT 6/30/23. AN ACTIVE ON-GOING ADVERTISING CAMPAIGN WILL WORK TO IDENTIFY & WELCOME NEW TENANTS TO THE INCUBATOR TO ANY AVAILABLE UNITS WITHIN THE COMING YEAR. FORM 990, PAGE 2, PART III, LINE 4D . FORM 990, PAGE 6, PART VI, LINE 3 STONELEIGH HOUSING, INC. BEGAN MANAGEMENT SERVICES IN MARCH OF 2009 IN ORDER TO OVERSEE THE NECESSARY REPAIR, MAINTENANCE, AND GENERAL UPKEEP OF THE BUILDING SPACE IN ADDITION TO PROVIDING WEEKLY OFFICE HOURS FOR TENANTS TO BRING IN QUESTIONS AND CONCERNS REGARDING OCCUPANCY ISSUES. FORM 990, PAGE 6, PART VI, LINE 7A ELECTION OF NEW DIRECTORS IS SUBJECT TO VOTE BY A QUORUM OF DIRECTORS PRESENT AT A MEETING OF THE BOARD OF DIRECTORS. ELECTIONS OF NEW OFFICERS ARE HELD ANNUALLY AT THE ORGANIZATIONAL MEETING OF THE BOARD OF DIRECTORS AND ARE SUBJECT TO VOTE BY A QUORUM OF DIRECTORS PRESENT AT THAT MEETING. FORM 990, PAGE 6, PART VI, LINE 7B DECISIONS ARE SUBJECT TO APPROVAL BY A QUORUM OF DIRECTORS PRESENT AT A MEETING OF THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PAGE 6, PART VI, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC