Nonprofit · EIN 16-1096074
CANASTOTA DEVELOPMENT CORPORATION
Also known as NORTHERN MADISON CO DEVELOPMENT AGY
Tax-exempt · CANASTOTA, NY 13032
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $127,133 | $58,337 | $68,796 | $691,792 | $1,534 | $690,258 |
| June 30, 2024 | 990 | $115,229 | $46,327 | $68,902 | $622,105 | $643 | $621,462 |
| June 30, 2023 | 990 | $96,851 | $36,860 | $59,991 | $552,979 | $419 | $552,560 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $107,574
- Investment income
- $19,559
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $10,519
- Salaries, compensation and benefits (total)
- $11,324
- Professional fundraising fees
- $0
- Accounting fees
- $6,015
- Occupancy
- $20,267
- Depreciation
- $7,836
- Program services (functional)
- $38,934
- Management and general (functional)
- $19,403
Balance sheet and other
- Total assets, start of year
- $622,105
- Total assets, end of year
- $691,792
- Total liabilities, end of year
- $1,534
- Net assets, end of year
- $690,258
- Land, buildings and equipment
- $115,668
- Gross receipts
- $127,133
- Employees
- 2
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TODD ROUSE | PRESIDENT Trustee or director, Officer | 1 | $0 |
| GERALD GORTNER | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| LORI TORREY | SECRETARY-TR Trustee or director, Officer | 1 | $0 |
| MARTIN KNOX | DIRECTOR Trustee or director | 1 | $0 |
| JOEL ARSENAULT | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT MENIKHEIM | EXECUTIVE DI Officer | 7 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TODD ROUSE | PRESIDENT Trustee or director, Officer | 1 | $0 |
| GERALD GORTNER | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| ROBERT MENIKHEIM | TREASURER Trustee or director, Officer | 1 | $0 |
| LORI TORREY | SECRETARY Trustee or director, Officer | 1 | $0 |
| MARTIN KNOX | DIRECTOR Trustee or director | 1 | $0 |
| JOEL ARSENAULT | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TODD ROUSE | PRESIDENT Trustee or director, Officer | 1 | $0 |
| GERALD GORTNER | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| ROBERT MENIKHEIM | TREASURER Trustee or director, Officer | 1 | $0 |
| LORI TORREY | SECRETARY Trustee or director, Officer | 1 | $0 |
| MARTIN KNOX | DIRECTOR Trustee or director | 1 | $0 |
| JOEL ARSENAULT | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 105, CANASTOTA, NY 13032-0105
- In care of
- % JOHN PATANE
- Principal officer (990 for 2024)
- TODD ROUSE, PO BOX 105, CANASTOTA, NY 13032
- Signed the 990
- TODD ROUSE, PRESIDENT
- Phone
- (315) 697-3120
- Website
- NMBDC.COM
- Return prepared by
- GUSTAFSON & WARGO CPAS LLP
Mission
PROVIDE RENTAL SPACE FOR START-UP BUSINESSES
Program accomplishments
- EXPENSES INCURRED IN CONJUNCTION WITH THE PROVISION OF FACILITIES TO STARTUP BUSINESSES. THE MADISON COUNTY BUSINESS INCUBATOR CENTER, LOCATED WITHIN THE CANASTOTA INDUSTRIAL PARK & MEASURING 14,400 SQ. FEET, PROVIDED AFFORDABLE RENTAL SPACE TO 10 TENANTS FOR STARTUPS. SPACE IS RENTED TO NEW TENANTS AT A BASE RATE OF 3.50 PER SQUARE FOOT FOR THE FIRST YEAR THAT THEY ARE LOCATED WITHIN THE INCUBATOR CENTER. RENTAL EXPENSE INCLUDES THE CHARGES FOR HEAT, WATER, SEWER, MAINTENANCE, AND SNOW REMOVAL. EACH YEAR TENANTS RECEIVE A RENT INCREASE OF 0.50 PER SQUARE FOOT OF SPACE OCCUPIED.Expenses $38,934 · revenue $107,574
- .
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 16-1096074
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $691,792
- Income (IRS master file)
- $127,133
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $127,133 | $58,337 | $691,792 | IRS |
| 990 | June 2024 | $115,229 | $46,327 | $622,105 | IRS |
| 990 | June 2023 | $96,851 | $36,860 | $552,979 | XML |
| 990-EZ | June 2022 | – | – | – | IRS |
| 990-EZ | June 2021 | – | – | – | IRS |
| 990-EZ | June 2020 | – | – | – | IRS |
| 990-EZ | June 2019 | – | – | – | 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 16-1096074).
Questions about CANASTOTA DEVELOPMENT CORPORATION
- What is the EIN of CANASTOTA DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of CANASTOTA DEVELOPMENT CORPORATION is 16-1096074.
- Is CANASTOTA DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to CANASTOTA DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CANASTOTA 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 CANASTOTA DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CANASTOTA DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CANASTOTA DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names TODD ROUSE.
- Who are the officers and directors of CANASTOTA DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does CANASTOTA DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $127,133, expenses of $58,337 and total assets of $691,792 at year end.
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All nonprofits in CANASTOTA · New York · Community improvement and capacity building