2025-08-07T12:39:24-05:00 2024-12-31 161131146 BONADIO & CO LLP 6 WEMBLEY CT ALBANY NY 12205 990 2024-01-01 161530930 ALBANY COUNTY BUSINESS DEVELOPMENT CORP ALBA 5184475602 111 WASHINGTON AVENUE 100 ALBANY NY 12210 AMY THOMPSON CHIEF FINANCIAL OFFICER 5184475602 2025-08-07 1 0 KEVIN TESTO P01435881 5184644080 2025-08-07 2024 2025-03-06 01:10:19Z AMY THOMPSON 111 WASHINGTON AVE ALBANY NY 12210 742603 0 X N/A X 1994 NY 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. 7 7 0 9 0 0 0 0 335367 330745 278762 411858 32479 0 646608 742603 0 0 0 0 0 0 0 0 0 383430 437123 383430 437123 263178 305480 19872445 20235724 87188 144987 19785257 20090737 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 344436 330745 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. 344436 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 SUSAN PEDO MEMBER 1.00 X 0 0 0 CAITLIN O'BRIEN EX-OFFICIO 1.00 X 0 0 0 MARCUS Q PRYOR MEMBER 1.00 X 0 0 0 ALLEN MAIKELS MEMBER 1.00 X 0 0 0 LUCAS ROGERS EX-OFFICIO 1.00 X 0 0 0 DIANA OSTROFF SECRETARY 1.00 X X 0 0 0 JEFFERY STONE CHAIRMAN 1.00 X X 0 0 0 ALAN ALEXANDER TREASURER 1.00 X X 0 0 0 DAN SCARING MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 LOAN INTEREST INCOME 900099 328245 328245 LOAN APPLICATION FEES 900099 2500 2500 330745 411858 411858 742603 330745 0 411858 AGENCY FEES 381204 343084 38120 SHOVEL READY SITE DEVEL 54567 54567 CREDIT LOSS EXPENSE 1352 1352 437123 344436 92687 0 23679 24123 4477105 2457240 10267276 10369516 5104385 7384845 19872445 20235724 87188 144937 50 87188 144987 X 174228 457730 19611029 19633007 19785257 20090737 19872445 20235724 305480 0 X X 0 1 X 1 0 0 US T-BILL 6-MONTH 2672645 F US T-BILL 1-YEAR 2682707 F ACCRUED INVESTMENT ON TREASURIES 30033 F US T-BILL 6-MONTH 1999460 F 7384845 742603 0 742603 0 742603 437123 0 437123 0 437123 FORM 990, PART VI, SECTION A, LINE 3 ADVANCE ALBANY COUNTY ALLIANCE LOCAL DEVELOPMENT CORPORATION PROVIDES ADMINISTRATIVE SERVICES FOR THE CORPORATION 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. PART XII, LINE 2C NO CHANGES FROM PRIOR YEAR