2024-07-16T13:05:35-05:00 2023-12-31 141555429 UHY ADVISORS NORTHEAST INC 4 TOWER PLACE EXECUTIVE PARK 7TH FLOOR ALBANY NY 12203 990 2023-01-01 222353905 CAPITALIZE ALBANY CORPORATION CAPI 5184342532 21 LODGE ST ALBANY NY 122072104 ASHLEY MOHL INTERIM PRESIDENT 5184342532 2024-07-08 1 ASHLEY MOHL XXX-XX-XXXX 1 JAMES DANIELS P00603621 5184493166 2024-07-08 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z ANDERS TOMSON 21 LODGE ST ALBANY NY 122072104 9214379 0 X WWW.CAPITALIZEALBANY.COM X 1979 NY FACILITATING STRATEGIC ECONOMIC DEVELOPMENT AND TRANSFORMATIVE INVESTMENT IN THE CITY OF ALBANY. 13 13 10 13 0 0 3839088 2491090 59070 36065 70048 433523 791911 879591 4760117 3840269 212014 271482 0 0 1120239 1123632 0 0 0 771049 642096 2103302 2037210 2656815 1803059 22590414 24751088 5402204 5756280 17188210 18994808 THE MISSION OF CAPITALIZE ALBANY CORPORATION IS TO FACILITATE STRATEGIC ECONOMIC DEVELOPMENT AND STIMULATE TRANSFORMATIVE INVESTMENT THROUGHOUT THE CITY OF ALBANY, MAKING NEW YORK'S CAPITAL A VIBRANT PLACE TO THRIVE. 0 0 1183302 271482 915656 CAPITALIZE ALBANY CORPORATION (CAC) PROVIDES ECONOMIC DEVELOPMENT SERVICES IN THE CITY OF ALBANY, WHICH INCLUDE AMONG OTHER THINGS: (1) THE MANAGEMENT OF THE CITY OF ALBANY INDUSTRIAL DEVELOPMENT AGENCY AND CITY OF ALBANY CAPITAL RESOURCES CORPORATION (2) THE ADMINISTRATION OF SMALL BUSINESS GRANT PROGRAMS ON BEHALF OF THE CITY OF ALBANY AND (3) THE DEVELOPMENT AND IMPLEMENTATION OF STRATEGIC ECONOMIC DEVELOPMENT INITIATIVES SUCH AS IMPACT DOWNTOWN AND THE LIBERTY PARK DEVELOPMENT AND CLINTON MARKET COLLECTIVE. 1183302 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 1 12 0 1 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X THE ORGANIZATION 5184342532 21 LODGE ST ALBANY NY 122072104 SARAH REGINELLI PRESIDENT (UNTIL 11/17/23) 37.50 X 199667 0 52411 ASHLEY MOHL INTERIM PRES/DIR ECON DEVEL 37.50 X 147165 0 46649 ANDREW CORCIONE DIRECTOR OF REAL ESTATE DEV 37.50 X 117954 0 13295 THOMAS CONOSCENTI VICE PRESIDENT (UNTIL 6/30/23) 37.50 X 85538 0 24833 KAWEEDA ADAMS DIRECTOR 1.00 X 0 0 0 MICHAEL FANCHER DIRECTOR 1.00 X 0 0 0 ANTHONY GADDY DIRECTOR 1.00 X 0 0 0 HEATHER MULLIGAN ESQ DIRECTOR 1.00 X 0 0 0 DAVID PARENTE DIRECTOR 1.00 X 0 0 0 SONYA DEL PERAL DIRECTOR 1.00 X 0 0 0 MATTHEW PETER DIRECTOR 1.00 X 0 0 0 DR HAVIDAN RODRIGUEZ DIRECTOR 1.00 X 0 0 0 KAREN TORREJON DIRECTOR 1.00 X 0 0 0 MICHAEL CASTELLANA CHAIR 1.00 X X 0 0 0 ANDERS TOMSON VICE CHAIR 1.00 X X 0 0 0 JOHN HARRIS ESQ TREASURER 1.00 X X 0 0 0 JOHN VERO ESQ SECRETARY 1.00 X X 0 0 0 550324 0 137188 3 0 1 0 TW&A CONSTRUCTION MANAGEMENT 30 JAY STREET SCHENECTADY NY 12305 CONSTRUCTION MANAGEMENT 143919 BST & CO CPAS LLC 10 BRITISH AMERICAN BLVD LATHAM NY 12110 OUTSOURCED ACCOUNTING SERVICES 133870 2 23000 2393815 74275 2491090 PROGRAM SERVICE INTEREST 532000 36065 36065 36065 248599 248599 412860 175000 237860 237860 237860 5384034 5199110 184924 184924 184924 AIDA MANAGEMENT FEE 561000 632228 632228 SPONSORSHIP FEES 561000 9500 9500 MISCELLANEOUS FEES 900099 3 3 641731 3840269 915656 0 433523 X 271482 271482 687512 343756 343756 313500 125400 188100 35081 14032 21049 25766 10306 15460 61773 24709 37064 60438 60438 175895 175895 13584 13584 22942 3000 19942 1500 1500 16722 16722 45765 45765 154453 152689 1764 808 808 5609 5609 11881 11881 16558 16558 34320 34320 BAD DEBT EXPENSE 45321 45321 MEMBERSHIPS 18009 18009 DUES & SUBSCRIPTIONS 15869 15869 MISCELLANEOUS EXPENSE 2172 2172 250 250 2037210 1183302 853908 0 241392 155617 5565483 4748801 303216 850930 165275 198583 1134245 490977 38283 63800 8335741 4194904 1617287 4140837 5900266 5851566 147727 533113 7477240 7716864 22590414 24751088 122973 497317 4066044 4268512 495000 255000 718187 735451 5402204 5756280 X 17073103 18879488 115107 115320 17188210 18994808 22590414 24751088 1803059 3539 0 X 0 1 X 1 0 X 4818709 1116607 1303218 3806238 2491090 13535862 4818709 1116607 1303218 3806238 2491090 13535862 13535862 138844 115746 71392 79102 248599 653683 14189545 4695078 0.95390 0.96000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3057331 49300 3106631 4534199 485035 4023885 995349 209876 171019 38857 4140837 LIBERTY PARK PROPERTIES 7368187 LEASE RECEIVABLES 348677 7716864 REVOLVING LOAN FUND LIABILITY 735451 735451 4018808 3539 175000 178539 3840269 0 3840269 2212210 175000 175000 2037210 0 2037210 PART XI, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE, NET AGAINST RENTAL INCOME 175,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE, NET AGAINST RENTAL INCOME 175,000. 1 FIDENS BREWING COMPANY LLC 897 BROADWAY ALBANY NY 12207 830794496 25000 0 BIG GRANT FAITH CREATIVE NAMES 257 CENTRAL AVENUE ALBANY NY 12206 800625241 22452 0 BIG GRANT NOR JEWELERS LLC 303 CENTRAL AVENUE ALBANY NY 12206 832731596 21971 0 BIG GRANT IRIE VYBEZ LLC 313 CENTRAL AVENUE ALBANY NY 12206 463827433 6300 0 BIG GRANT ARE EVENTS PRODUCTIONS 1028 BROADWAY ALBANY NY 12204 271298905 25000 0 BIG GRANT MAC EQUIPMENT 120 WATERVLIET AVENUE ALBANY NY 12206 141833949 25000 0 BIG GRANT WGM74 LLC 76 NORTH PEARL STREET ALBANY NY 12207 843106881 11430 0 BIG GRANT LARK HALL PRODUCTIONS 351 HUDSON AVENUE ALBANY NY 12110 831411348 25000 0 BIG GRANT DINO'S PIZZA 620 MADISON AVENUE ALBANY NY 12210 463848049 10000 0 FACADE IMPROVEMENT THE YARD 1971 WESTERN AVENUE ALBANY NY 12203 830979876 9243 0 FACADE IMPROVEMENT VIETQUEUE INC 74 NORTH PEARL STREET ALBANY NY 12207 833828616 7000 0 FACADE IMPROVEMENT CASTLE ISLAND BILINGUAL 602 BROADWAY ALBANY NY 12207 454816781 6800 0 FACADE IMPROVEMENT VANDEHEYDEN HALL 614 COOPER HILL ROAD WYNANTSKILL NY 12207 141338575 15558 0 DOWNTOWN RETAIL PART I, LINE 2: GRANTS ARE DISBURSED AFTER COMPLETION OF THE PROJECTS AND ARE SUBJECT TO A COMPREHENSIVE EVALUATION PROCEDURE AND COMPLIANCE CHECKLIST TO ENSURE CONFORMITY WITH THE CORPORATION'S EXEMPT PURPOSE OBJECTIVES. X X X X X 0 0 0 0 0 0 0 0 0 SARAH REGINELLI PRESIDENT (UNTIL 11/17/23) 199667 0 0 0 0 0 21963 0 30448 0 252078 0 0 0 ASHLEY MOHL INTERIM PRES/DIR ECON DEVEL 147165 0 0 0 0 0 16188 0 30461 0 193814 0 0 0 ALBANY PARKING AUTHORITY DIRECTOR M. PETER WAS THE EXECUTIVE DIRECTOR OF ALBANY PARKING AUTHORITY. 7500 EASEMENT PROVIDES APA INGRESS AND EGRESS FROM QUACKENBUSH PARKING LOT. DIRECTOR M. PETER PASSED AWAY DECEMBER 14, 2023. 0 FORM 990, PART VI, SECTION A, LINE 6 DESCRIPTION OF MEMBERSHIP: MEMBERSHIP IS VOLUNTARY, AND IS COMPRISED OF LOCAL BUSINESSES, INDIVIDUALS AND ORGANIZATIONS THAT SUPPORT THE MISSION OF CAPITALIZE ALBANY CORPORATION THROUGH PARTICIPATION IN ITS ACTIVITIES AND PROGRAMS AND THROUGH PAYMENT OF MEMBERSHIP DUES. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS' POWER TO ELECT GOVERNING BODY: THE CORPORATION'S GOVERNING BOARD IS ELECTED BY THE MEMBERSHIP, EACH MEMBER BEING ENTITLTED TO ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7B GOVERNANCE DECISIONS SUBJECT TO MEMBERSHIP APPROVAL: ANY CHANGES TO THE ARTICLES OF INCORPORATION ARE REQUIRED TO BE APPROVED BY A MAJORITY OF THE GENERAL MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCEDURES: THE FORM 990 IS MADE AVILABLE TO THE CORPORATION'S BOARD OF DIRECTORS FOR THEIR REVIEW AND ANY QUESTIONS OR CONCERNS ARE ADDRESSED, AFTER WHICH THE FORM IS SIGNED BY THE PRESIDENT FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY PROCEDURES: CAPITALIZE ALBANY CORPORATION REQUIRES ALL DIRECTORS TO SUBMIT A CONFLICT OF INTEREST FORM ON AN ANNUAL BASIS. ADDITIONALLY, DIRECTORS MUST RECUSE THEMSELVES FROM DISCUSSIONS OR VOTING ON ISSUES THAT INVOLVE A CONFLICT OF INTEREST. RECUSALS FOR SUCH REASON ARE RECORDED IN THE MINUTES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCEDURES: COMPENSATION FOR CAC'S PRESIDENT WAS AUTHORIZED BY THE BOARD WHICH UTILIZED APPROPRIATE COMPARABLE DATA. THE BOARD CHAIRMAN AUTHORIZED THE PRESIDENT TO SET STAFF SALARIES. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC ACCESS TO SPECIFIED DOCUMENTS: AUDITED FINANCIAL STATEMENTS, FORM 990, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE ON THE CORPORATION'S WEBSITE. FORM 990, PART IX, LINE 11G PAYROLL PROCESSING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 4,843. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,843. OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 3,000. MANAGEMENT AND GENERAL EXPENSES 15,099. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,099. FORM 990, PART IX, LINE 24E PROJECT EXPENSES: PROGRAM SERVICE EXPENSES 250. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 250. CITYWIDE PROPERTY HOLDINGS 21 LODGE STREET ALBANY NY 12207 320249311 TO ASSIST CAC IN THE FURTHERANCE OF CAC'S MISSION NY 0 540767 CAPITALIZE ALBANY COPRORATION LIBERTY SQUARE DEVELOPMENT 21 LODGE STREET ALBANY NY 12207 823931951 TO ASSIST CAC IN THE FURTHERANCE OF CAC'S MISSION NY 164253 7399684 CAPITALIZE ALBANY COPRORATION