2025-10-24T09:42:55-05:00 2024-12-31 202954888 BRYANS & GRAMUGLIA CPAS LLC 1 PINE WEST PLAZA SUITE 107 ALBANY NY 12205 990 2024-01-01 460967786 THE TOWN OF GLENVILLE LOCAL DEVELOPMENT CORPORATIONSCHENECTADY COUNTY NEW YORK TOWN 5182655635 18 GLENRIDGE ROAD GLENVILLE NY 12302 RICHARD USAS CHAIR 5182655635 2025-10-24 0 1 ROBERT V GRAMUGLIA P00454779 5184528055 2025-10-24 2024 2025-03-06 01:10:19Z RICHARD USAS 18 GLENRIDGE ROAD GLENVILLE NY 12302 15852 0 X WWW.GLENVILLELDC.ORG X 2012 NY THE GLDC SERVES AS A RESOURCE TO STIMULATE ECONOMIC DEVELOPMENT WITHIN THE TOWN OF GLENVILLE THROUGH THE GROWTH OF NEW AND EXISTING BUSINESSES, AND THROUGH NUMEROUS INITIATIVES DESIGNED TO BENEFIT THE CITIZENS OF GLENVILLE. 7 7 0 8 0 0 0 0 15026 4184 0 11668 0 0 15026 15852 0 2500 0 0 0 0 0 0 0 9557 43126 9557 45626 5469 -29774 431131 406357 0 5000 431131 401357 THE GLDC SERVES AS A RESOURCE TO STIMULATE ECONOMIC DEVELOPMENT WITHIN THE TOWN OF GLENVILLE THROUGH THE GROWTH OF NEW AND EXISTING BUSINESSES, AND THROUGH NUMEROUS INITIATIVES DESIGNED TO BENEFIT THE CITIZENS OF GLENVILLE. 0 0 32517 2500 4184 TO CONSTRUCT, ACQUIRE, REHABILITATE, AND IMPROVE BUILDINGS OR SITES IN THE TOWN OF GLENVILLE, NEW YORK OR TO ASSIST FINANCIALLY IN THE CONSTRUCTION, ACQUISITION, AND REHABILITATION, AND THE IMPROVEMENT OF BUILDINGS OR SITES WITHIN THE TOWN. 32517 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 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 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X PAUL GORDON 5182753057 18 GLENRIDGE ROAD GLENVILLE NY 12302 X RICHARD USAS CHAIR 1.00 X X 0 0 0 SCOTT OSSWALD VICE CHAIR/SECRETARY 1.00 X X 0 0 0 RICHARD PALMER TREASURER 1.00 X X 0 0 0 BRIAN CRAIG BOARD OF DIRECTOR 1.00 X 0 0 0 KRISTEN FAUBION BOARD OF DIRECTOR 1.00 X 0 0 0 SID RAMOTAR BOARD OF DIRECTOR 1.00 X 0 0 0 ANTHONY TOZZI BOARD OF DIRECTOR 1.00 X 0 0 0 CHRIS HEBBARD BOARD OF DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 PROGRAM SERVICE REVENU 900099 4184 4184 4184 11668 11668 15852 4184 0 11668 2500 2500 766 766 2865 2865 BAD DEBT EXPENSE 30017 30017 PROFESSIONAL FEES 6450 6450 WEBSITE 1520 1520 DUES AND SUBSCRIPTIONS 1508 1508 45626 32517 13109 0 37001 46845 301265 312923 91677 45391 1188 1198 431131 406357 5000 0 5000 X 431131 401357 431131 401357 431131 406357 -29774 0 X X 0 1 X 1 0 X 8733 8561 23725 6298 4184 51501 8733 8561 23725 6298 4184 51501 0 0 0 51501 53 675 8728 11668 21124 53 675 8728 11668 21124 8733 8614 24400 15026 15852 72625 0.70910 0.29090 X 0 X 15852 0 15852 0 15852 45626 0 45626 0 45626 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND COMPARABLE NEW YORK STATE LAW. THE ORGANIZATION HAS BEEN CLASSIFIED AS A PUBLICLY-SUPPORTED ORGANIZATION, WHICH IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ISSUED FASB ASC 740-10 WHICH REQUIRES ENTITIES TO DISCLOSE IN THEIR FINANCIAL STATEMENTS THE NATURE OF ANY UNCERTAINTY IN THEIR TAX POSITION. FOR TAX-EXEMPT ENTITIES, THEIR TAX-EXEMPT STATUS ITSELF IS DEEMED TO BE AN UNCERTAINTY, SINCE EVENTS COULD POTENTIALLY OCCUR TO JEOPARDIZE THEIR TAX-EXEMPT STATUS. HOWEVER, THE ORGANIZATION HAS NO KNOWLEDGE OF EVENTS OR CIRCUMSTANCES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. THE ORGANIZATION IMPLEMENTED FASB ASC 740-10 AND ITS CURRENT ACCOUNTING POLICY FOR EVALUATING UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. THE ORGANIZATION HAS NOT RECOGNIZED ANY BENEFITS FROM UNCERTAIN TAX POSITIONS IN 2024 AND BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL SIGNIFICANTLY INCREASE OR DECREASE WITHIN 12 MONTHS OF THE STATEMENT OF FINANCIAL POSITION DATE. THE ORGANIZATION EVALUATED ITS TAX POSITION AND CONCLUDED THAT ALL THE POSITIONS TAKEN BY THE ORGANIZATION WOULD MORE LIKELY THAN NOT BE SUSTAINED UPON EXAMINATION, BASED ON TECHNICAL MERITS. THE INFORMATION RETURNS OF THE ORGANIZATION FOR 2021, 2022 AND 2023 ARE SUBJECT TO EXAMINATION BY TAX AUTHORITIES, GENERALLY THREE YEARS AFTER THEY WERE FILED. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED 990 WILL BE PRESENTED TO THE BOARD OF DIRECTORS BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS HAS IMPLEMENTED A CONFLICT OF INTEREST POLICY AND MONITORS COMPLIANCE ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL PROVIDE THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST, AND FINANCIAL STATEMENTS TO INDIVIDUALS UPON REQUEST. FORM 990 - PART XII - LINE 2C - THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.