2025-08-01T10:38:06-05:00 2024-12-31 141555429 UHY ADVISORS NORTHEAST INC ONE HUDSON CITY CENTRE SUITE 204 HUDSON NY 12534 990 2024-01-01 141755710 COLUMBIA ECONOMIC DEVELOPMENT CORP COLU 5188284718 1 HUDSON CITY CENTRE SUITE 301 HUDSON NY 12534 F MICHAEL TUCKER PRESIDENT AND CEO 5188284718 2025-08-01 1 1 N THERESE WOLFE P00748483 5188281565 2025-08-01 2024 2025-03-06 01:10:19Z F MICHAEL TUCKER 1 HUDSON CITY CENTRE SUITE HUDSON NY 12534 1544530 0 X WWW.COLUMBIAEDC.COM X 1992 NY PROMOTING AND DEVELOPING THE INDUSTRY AND JOB DEVELOPMENT RATE IN THE COUNTY OF COLUMBIA, NEW YORK. 15 15 7 19 0 0 1015216 1343924 85886 120431 40300 36980 40000 43195 1181402 1544530 80150 403038 0 0 565163 540245 0 0 0 520085 568127 1165398 1511410 16004 33120 4825253 5416497 2074733 2632857 2750520 2783640 X COLUMBIA ECONOMIC DEVELOPMENT CORPORATION IS THE LEAD ECONOMIC DEVELOPMENT ORGANIZATION FOR COLUMBIA COUNTY, NEW YORK. OUR MISSION IS TO STRENGTHEN THE AREA'S TAX BASE THROUGH ECONOMIC DEVELOPMENT AND JOB CREATION, TO ASSIST BUSINESSES TO LOCATE AND EXPAND WITHIN THE COUNTY, AND TO PROMOTE COLUMBIA COUNTY AS A PREMIERE SPOT FOR BOTH BUSINESS INVESTMENT AND PERSONAL OPPORTUNITY. 0 0 1076087 403038 120431 DURING THE YEAR, $925,525 WAS LENT TO VARIOUS LOCAL BUSINESSES OFFSET BY $643,521 OF LOAN REPAYMENTS. PROGRAM EXPENSES INCLUDED PAYROLL EXPENSES FOR EMPLOYEES WORKING ON PROMOTING THE CORPORATION'S MISSION AND MEETING PROGRAM EXPECTATIONS, WHILE OTHER EXPENSES INCLUDED OFFICE AND MARKETING AND CONSULTING EXPENSES RELATED TO RUNNING THE PROGRAM. 1076087 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 44 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 0 1 1 0 NY X CATHY LYDEN 5188284718 1 HUDSON CITY CENTRE SUITE 301 HUDSON NY 12534 JAMES CALVIN CHAIRMAN 5.00 X X 0 0 0 TARAH GAY VICE CHAIR 0.25 X X 0 0 0 MICHAEL MOLINSKI SECRETARY 0.25 0.25 X X 0 0 0 BRYAN MAHONEY TREASURER 0.25 X X 0 0 0 RICHARD CUMMINGS DIRECTOR 0.25 X 0 0 0 JUSTIN GOLDMAN DIRECTOR 0.25 X 0 0 0 CARLEE RADER DRUMMER EX-OFFICIO MEMBER 0.25 X 0 0 0 DEREK GROUT DIRECTOR 0.25 X 0 0 0 CHRISTINE HINZ DIRECTOR 0.25 X 0 0 0 MICHAEL JOHNSTON DIRECTOR 0.25 X 0 0 0 AMANDA KARCH EX-OFFICIO MEMBER 0.25 X 0 0 0 KENNETH LEGGETT DIRECTOR 0.25 X 0 0 0 RYAN SKODA EX-OFFICIO MEMBER 0.25 X 0 0 0 RACHEL LEVINE DIRECTOR 0.25 X 0 0 0 CHRISTIAN LOPEZ DIRECTOR 0.25 X 0 0 0 RICHARD NESBITT DIRECTOR 0.25 X 0 0 0 RACHEL PUCKETT DIRECTOR 0.25 X 0 0 0 SEAN SAWYER DIRECTOR 0.25 X 0 0 0 CARMINE PIERRO EX-OFFICIO MEMBER 0.25 X 0 0 0 RUTH ADAMS FORMER DIRECTOR 0.25 X 0 0 0 DAVID FINGAR FORMER DIRECTOR 0.25 X 0 0 0 SARAH STERLING FORMER DIRECTOR 0.25 X 0 0 0 CHRISTOPHER NARDONE FORMER EX-OFFICIO 0.25 X 0 0 0 RICK SCALERA FORMER DIRECTOR 0.25 X 0 0 0 F MICHAEL TUCKER PRESIDENT & CEO 30.00 5.00 X 155833 0 0 155833 0 0 1 0 1 0 TUCKER STRATEGIES 54 STATE STREET- SUITE 804 ALBANY NY 12207 MANAGEMENT/CONSULT 155833 1 31187 1312737 1343924 LOAN INTEREST 900099 120431 120431 120431 36980 36980 ADMINISTRATIVE FEES 900099 25000 25000 GAIN ON TERMINATION OF 900099 18195 18195 43195 1544530 163626 0 36980 X 403038 403038 430552 322914 107638 71969 53977 17992 37724 28293 9431 10657 10657 42743 42743 162961 162961 11039 11039 106366 79775 26591 9980 9980 23582 23582 42444 42444 3827 3827 NEW INITIATIVES 84474 84474 PROGRAM DELIVERY FEES 50831 50831 BAD DEBT 16710 16710 MISCELLANEOUS 2513 2513 1511410 1076087 435323 0 172100 75507 1479964 1705475 69491 128838 78133 33970 2572845 2838139 283323 45663 242129 237660 210591 396908 4825253 5416497 43279 21732 474696 609896 63349 43859 1493409 1957370 2074733 2632857 X 2108674 2057127 -5718 1801 647564 724712 2750520 2783640 4825253 5416497 33120 0 X X 0 1 X 1 1 1 X 790941 755768 1019885 1015216 1343924 4925734 790941 755768 1019885 1015216 1343924 4925734 4925734 10854 3750 5795 40300 36980 97679 34000 44895 34000 40000 25000 177895 5201308 0.94700 0.93730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 1146 0 0 1146 0 PART IIB, LINE 1G UNDER NYS LAW, "LOBBYING OR "LOBBYING ACTIVITIES" ON THE LOCAL LEVEL ARE DEFINED AS ANY ATTEMPT TO INFLUENCE THE PASSAGE OR DEFEAT ANY LOCAL LAW, ORDINANCE, RESOLUTION, OR REGULATION BY ANY MUNICIPALITY OR SUBDIVISION THEREOF OR ADOPTION OR REJECTION OF ANY RULE, REULATION, OR RESOLUTION HAVING THE FORCE AND EFFECT OF LOCAL LAW, ORDINANCE, RESOLUTION OR REGULATION OR ANY RATE MAKING PROCEEDING BY ANY MUNICIPALITY OR SUBDIVISION THEREOF. IN 2024, F. MICHAEL TUCKER, PRESIDENT OF TUCKER STRATEGIES, INC., UNDER CONTRACT WITH COLUMBIA ECONOMIC DEVELOPMENT, APPEARED BEFORE THE COLUMBIA COUNTY BOARD OF SUPERVISORS AND 9 MEMBERS OF ITS FINANCE COMMITTEE IN CONNECTION WITH THEIR THEIR REVIEW AND APPROVAL OF FUNDING FOR COLUMBIA ECONOMIC DEVELOPMENT COUNCIL. 232900 232900 50423 45663 4760 237660 SECURITY DEPOSIT 3200 RIGHT OF USE ASSET 393708 396908 LOANS PAYABLE 1476288 DEFERRED GRANT INCOME 67500 DEFERRED MEMBERSHIP INCOME 16915 LEASE LIABILITY 396667 1957370 X 1544530 0 1544530 0 1544530 1511410 0 1511410 0 1511410 PART X, LINE 2: THE CORPORATION HAS EVALUATED ANY UNCERTAIN TAX POSITIONS AND RELATED INCOME TAX CONTINGENCIES AND DETERMINED UNCERTAIN POSITIONS, IF ANY, ARE NOT MATERIAL TO THE FINANCIAL STATEMENTS, ACCORDING TO FASB ASC 740-10. PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES ARE INCLUDED IN OPERATING EXPENSES, IF INCURRED. NONE OF THE CORPORATION'S RETURNS ARE CURRENTLY UNDER EXAMINATION. 1 COLUMBIA COUNTY CHAMBER OF COMMERCE 1 N FRONT ST HUDSON NY 12534 141599033 65000 0 THE LOAN PROGRAM OFERS LOANS TO LOCAL BUSINESSES OFTEN AT A DISCOUNTED INTEREST RATE, TO ATTRACT BUSINESS TO THE COUNTY AS WELL AS EXPAND BUSINESS GROWTH FROM EXISTING BUSINESSES ALREADY LOCATED IN THE COUNTY. COLUMBIA COUNTY 401 STATE STREET HUDSON NY 12534 586000807 26800 0 THE LOAN PROGRAM OFERS LOANS TO LOCAL BUSINESSES OFTEN AT A DISCOUNTED INTEREST RATE, TO ATTRACT BUSINESS TO THE COUNTY AS WELL AS EXPAND BUSINESS GROWTH FROM EXISTING BUSINESSES ALREADY LOCATED IN THE COUNTY. REBUS 12534 15 UNION STREET HUDSON NY 12534 921020533 25000 0 THE LOAN PROGRAM OFERS LOANS TO LOCAL BUSINESSES OFTEN AT A DISCOUNTED INTEREST RATE, TO ATTRACT BUSINESS TO THE COUNTY AS WELL AS EXPAND BUSINESS GROWTH FROM EXISTING BUSINESSES ALREADY LOCATED IN THE COUNTY. SUPREME SOFTSERVE 168 ROUTE 23B HUDSON NY 12534 851646567 19500 0 THE LOAN PROGRAM OFERS LOANS TO LOCAL BUSINESSES OFTEN AT A DISCOUNTED INTEREST RATE, TO ATTRACT BUSINESS TO THE COUNTY AS WELL AS EXPAND BUSINESS GROWTH FROM EXISTING BUSINESSES ALREADY LOCATED IN THE COUNTY. BURNSYS MULTIMEDIA SERVICES 358 COMMON RD GERMANTOWN NY 12526 990574649 22500 0 THE LOAN PROGRAM OFERS LOANS TO LOCAL BUSINESSES OFTEN AT A DISCOUNTED INTEREST RATE, TO ATTRACT BUSINESS TO THE COUNTY AS WELL AS EXPAND BUSINESS GROWTH FROM EXISTING BUSINESSES ALREADY LOCATED IN THE COUNTY. DEPEW HOSPITALITY 93 HEALY BLVD HUDSON NY 12534 933786996 23200 0 THE LOAN PROGRAM OFERS LOANS TO LOCAL BUSINESSES OFTEN AT A DISCOUNTED INTEREST RATE, TO ATTRACT BUSINESS TO THE COUNTY AS WELL AS EXPAND BUSINESS GROWTH FROM EXISTING BUSINESSES ALREADY LOCATED IN THE COUNTY. NEW YORK SPEED SHOP 396 HIGHLAND RD CHATHAM NY 12037 824730329 18477 0 THE LOAN PROGRAM OFERS LOANS TO LOCAL BUSINESSES OFTEN AT A DISCOUNTED INTEREST RATE, TO ATTRACT BUSINESS TO THE COUNTY AS WELL AS EXPAND BUSINESS GROWTH FROM EXISTING BUSINESSES ALREADY LOCATED IN THE COUNTY. QUITTNER 4861 STATE ROUTE 9G GERMANTOWN NY 12529 825284648 17000 0 THE LOAN PROGRAM OFERS LOANS TO LOCAL BUSINESSES OFTEN AT A DISCOUNTED INTEREST RATE, TO ATTRACT BUSINESS TO THE COUNTY AS WELL AS EXPAND BUSINESS GROWTH FROM EXISTING BUSINESSES ALREADY LOCATED IN THE COUNTY. FOXY & WINSTON LLC 2642 NY-23 HILLSDALE NY 12529 205645657 16000 0 THE LOAN PROGRAM OFERS LOANS TO LOCAL BUSINESSES OFTEN AT A DISCOUNTED INTEREST RATE, TO ATTRACT BUSINESS TO THE COUNTY AS WELL AS EXPAND BUSINESS GROWTH FROM EXISTING BUSINESSES ALREADY LOCATED IN THE COUNTY. HUDSON FERRY CO LLC HENRY HUDSON RIVERFRONT PARK FERRY ST HUDSON NY 12534 922388683 25000 0 THE LOAN PROGRAM OFERS LOANS TO LOCAL BUSINESSES OFTEN AT A DISCOUNTED INTEREST RATE, TO ATTRACT BUSINESS TO THE COUNTY AS WELL AS EXPAND BUSINESS GROWTH FROM EXISTING BUSINESSES ALREADY LOCATED IN THE COUNTY. HUDSON STRENGHT LAB LLC 98 GREEN ST HUDSON NY 12534 992135385 25000 0 THE LOAN PROGRAM OFERS LOANS TO LOCAL BUSINESSES OFTEN AT A DISCOUNTED INTEREST RATE, TO ATTRACT BUSINESS TO THE COUNTY AS WELL AS EXPAND BUSINESS GROWTH FROM EXISTING BUSINESSES ALREADY LOCATED IN THE COUNTY. ALBERT SCHULZE DBA DIRTWORX 93 COUNTY RT 10 GERMANTOWN NY 12526 271138322 20000 0 THE LOAN PROGRAM OFERS LOANS TO LOCAL BUSINESSES OFTEN AT A DISCOUNTED INTEREST RATE, TO ATTRACT BUSINESS TO THE COUNTY AS WELL AS EXPAND BUSINESS GROWTH FROM EXISTING BUSINESSES ALREADY LOCATED IN THE COUNTY. PRIXEL PRESS 95 MAIN ST 546 PHILMONT NY 12565 832900346 25000 0 THE LOAN PROGRAM OFERS LOANS TO LOCAL BUSINESSES OFTEN AT A DISCOUNTED INTEREST RATE, TO ATTRACT BUSINESS TO THE COUNTY AS WELL AS EXPAND BUSINESS GROWTH FROM EXISTING BUSINESSES ALREADY LOCATED IN THE COUNTY. STONYKILL COFFEE 36 MAIN ST CHATHAM NY 12037 992243143 25000 0 THE LOAN PROGRAM OFERS LOANS TO LOCAL BUSINESSES OFTEN AT A DISCOUNTED INTEREST RATE, TO ATTRACT BUSINESS TO THE COUNTY AS WELL AS EXPAND BUSINESS GROWTH FROM EXISTING BUSINESSES ALREADY LOCATED IN THE COUNTY. TRAINING BRIDGE 131 COUNTY RT 25 HUDSON NY 12534 932556381 25000 0 THE LOAN PROGRAM OFERS LOANS TO LOCAL BUSINESSES OFTEN AT A DISCOUNTED INTEREST RATE, TO ATTRACT BUSINESS TO THE COUNTY AS WELL AS EXPAND BUSINESS GROWTH FROM EXISTING BUSINESSES ALREADY LOCATED IN THE COUNTY. X 0 0 0 0 0 0 0 0 0 F MICHAEL TUCKER PRESIDENT & CEO 155833 0 0 0 0 0 0 0 0 0 155833 0 0 0 F MICHAEL TUCKER MORE THAN 35% OWNER OF TUCKER STRATEGIES 155833 INDEPENDENT CONTRACTOR 0 FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION HAS MEMBERS WHO HAVE AUTHORITY TO APPOINT THE BOARD OF DIRECTORS. THE CORPORATION IS MANAGED BY ITS BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A THE CORPORATION'S MEMBERS VOTE FOR EACH BOARD MEMBER. BOARD MEMBERS ELECT THE OFFICERS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE CORPORATION'S BOOKKEEPER AND PRESIDENT/CEO REVIEW THE 990 AND PROVIDE TO THE AUDIT/FINANCE COMMITTEE. THE AUDIT/FINANCE COMMITTEE REVIEWS AND APPROVES THE 990 AND PROPOSES TO THE FULL BOARD FOR FINAL APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C DURING THE YEAR, THE PRESIDENT & CEO CONSISTENTLY INQUIRED FROM THE BOARD OF DIRECTORS ABOUT ANY POTENTIAL CONFLICTS OF INTEREST. ANY BOARD DIRECTOR WITH A CONFLICT OF INTEREST REGARDING ANY VOTING PERFORMED BY THE BOARD AT MEETINGS THROUGHOUT THE YEAR EXCUSED THEMSELVES BEFORE DISCUSSION AND VOTING TOOK PLACE. FORM 990, PART VI, SECTION B, LINE 15 THE CORPORATION HAS A REVIEW PROCESS IMPLEMENTED FOR APPROVAL OF KEY EMPLOYEES AND THE PRESIDENT AND CEO. THE PRESIDENT AND CEO PREPARES A BUDGET INCLUDING THE COMPENSATION FOR EACH OF THE EMPLOYEES. THE BOARD WILL THEN REVIEW THE BUDGET AND APPROVE IT. FORM 990, PART VI, SECTION C, LINE 18 GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 POLICIES ARE AVAILABLE ON THE CORPORATION'S WEBSITE. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 160,699. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 160,699. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,262. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,262. FORM 990, PART XII, QUESTION 2C COLUMBIA ECONOMIC DEVELOPMENT CORPORATION HAS AN AUDIT COMMITTEE THAT ASSISTS THE BOARD IN FULFULLING ITS OVERSIGHT RESPONSIBILITIES WITH RESPECT TO THE FINANCIAL REPORTING PROCESS, THE AUDIT PROCESS, AND THE PROCESS FOR MONITORING COMPLIANCE WITH THE LAWS AND REGULATIONS. COLUMBIA COUNTY IDA 4303 ROUTE 9 HUDSON NY 12534 DEVELOPMENT NY N/A 0 COLUMBIA COUNTY 401 STATE STREET HUDSON NY 12534 GOVERNMENT NY N/A 0 COLUMBIA COUNTY CRC 4303 ROUTE 9 HUDSON NY 12534 FINANCING NY N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 COLUMBIA COUNTY C 1038212 FMV COLUMBIA COUNTY IDA Q 12500 FMV COLUMBIA COUNTY CRC B 5000 FMV