Nonprofit · EIN 14-1589002
HUDSON DEVELOPMENT CORPORATION
Tax-exempt · HUDSON, NY 12534
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $132,529 | $251,001 | -$118,472 | $2,967,889 | $159,062 | $2,808,827 |
| December 31, 2023 | 990 | $117,479 | $162,496 | -$45,017 | $3,092,432 | $173,440 | $2,918,992 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $30,553
- Program service revenue
- $0
- Investment income
- $101,976
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $23,463
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $8,663
- Accounting fees
- $19,271
- Depreciation
- $13,118
- Program services (functional)
- $29,231
- Management and general (functional)
- $221,770
Balance sheet and other
- Total assets, start of year
- $3,092,432
- Total assets, end of year
- $2,967,889
- Total liabilities, end of year
- $159,062
- Net assets, end of year
- $2,808,827
- Land, buildings and equipment
- $137,266
- Publicly traded securities
- $2,520,698
- Net assets without donor restrictions
- $2,782,183
- Net assets with donor restrictions
- $26,644
- Gross receipts
- $132,529
- Employees
- 0
- Volunteers
- 12
- Year formed
- 1976
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTINE JONES | PRESIDENT Trustee or director, Officer | 3 | $0 |
| NICK HADDAD | VICE PRESIDENT Trustee or director, Officer | 3 | $0 |
| PHIL FORMAN | TREASURER Trustee or director, Officer | 3 | $0 |
| PAUL BARRETT | SECRETARY Trustee or director, Officer | 3 | $0 |
| MARSHA LANE | DIRECTOR Trustee or director | 1 | $0 |
| SETH ROGOVOY | DIRECTOR Trustee or director | 1 | $0 |
| KRISTAN KECK | DIRECTOR Trustee or director | 1 | $0 |
| KAMAL JOHNSON | DIRECTOR, EX OFFICIO Trustee or director | 1 | $0 |
| TOM DEPIETRO | DIRECTOR, EX OFFICIO Trustee or director | 1 | $0 |
| JOHN FRIEDMAN | DIRECTOR Trustee or director | 1 | $0 |
| PAUL COLARUSSO | DIRECTOR Trustee or director | 1 | $0 |
| BRITT ZUCKERMAN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MISTY MCGEE | EXECUTIVE DIRECTOR Officer | 35 | $36,997 |
| CHRISTINE JONES | PRESIDENT Trustee or director, Officer | 3 | $0 |
| NICK HADDAD | VICE PRESIDENT Trustee or director, Officer | 3 | $0 |
| PHIL FORMAN | TREASURER Trustee or director, Officer | 3 | $0 |
| PAUL BARRETT | SECRETARY Trustee or director, Officer | 3 | $0 |
| MARTHA LANE | DIRECTOR Trustee or director | 1 | $0 |
| SETH ROGOVOY | DIRECTOR Trustee or director | 1 | $0 |
| KRISTAN KECK | DIRECTOR Trustee or director | 1 | $0 |
| KAMAL JOHNSON | DIRECTOR, EX OFFICIO Trustee or director | 1 | $0 |
| TOM DEPIETRO | DIRECTOR, EX OFFICIO Trustee or director | 1 | $0 |
| JOHN FRIEDMAN | DIRECTOR Trustee or director | 1 | $0 |
| PETE SCHRAM | DIRECTOR Trustee or director | 1 | $0 |
| BRITT ZUCKERMAN | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1 N FRONT ST, HUDSON, NY 12534-2001
- In care of
- % BRANDA MAHOLTZ
- Principal officer (990 for 2024)
- PHIL FORMAN, 1 NORTH FRONT STREET, HUDSON, NY 12534
- Signed the 990
- PHIL FORMAN, TREASURER
- Phone
- (518) 751-1044
- Website
- WWW.HUDSONFIRST.COM
- Return prepared by
- UHY ADVISORS NORTHEAST INC
Mission
TO RELIEVE AND REDUCE ADULT UNEMPLOYMENT, TO BETTER AND MAINTAIN JOB OPPORTUNITIES, AND TO PROMOTE INSTRUCTION OR TRAINING OF INDIVIDUALS IN ORDER TO IMPROVE OR DEVELOP THEIR CAPABILITIES FOR EMPLOYMENT OPPORTUNITIES.
Program accomplishments
- TO RELIEVE AND REDUCE ADULT UNEMPLOYMENT, TO BETTER MAINTAIN JOB OPPORTUNITIES, AND TO PROMOTE INSTRUCTION OR TRAINING OF INDIVIDUALS IN ORDER TO IMPROVE OR DEVELOP THEIR CAPABILITIES FOR EMPLOYMENT OPPORTUNITIES, INCLUDING SCIENTIFIC RESEARCH FOR SUCH PURPOSES.Expenses $29,231 · grants $23,463
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 14-1589002
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1984
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30Z)
- Assets (IRS master file)
- $2,967,889
- Income (IRS master file)
- $132,529
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $132,529 | $251,001 | $2,967,889 | IRS |
| 990 | December 2023 | $117,479 | $162,496 | $3,092,432 | XML |
| 990 | December 2022 | $2,110,550 | $107,838 | $3,126,943 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 14-1589002).
Questions about HUDSON DEVELOPMENT CORPORATION
- What is the EIN of HUDSON DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of HUDSON DEVELOPMENT CORPORATION is 14-1589002.
- Is HUDSON DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to HUDSON DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HUDSON DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HUDSON DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HUDSON DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HUDSON DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names PHIL FORMAN.
- Who are the officers and directors of HUDSON DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does HUDSON DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $132,529, expenses of $251,001 and total assets of $2,967,889 at year end.
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