Nonprofit · EIN 16-1191210
HORNELL INDUSTRIAL DEVELOPMENT CORPORATION
Tax-exempt · HORNELL, NY 14843
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $413 | $32,872 | -$32,459 | $302,712 | $0 | $302,712 |
| December 31, 2024 | 990 | $229 | $11,483 | -$11,254 | $335,171 | $0 | $335,171 |
| December 31, 2023 | 990 | $73 | $19,046 | -$18,973 | $346,425 | $0 | $346,425 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $413
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $5,250
- Program services (functional)
- $27,065
- Management and general (functional)
- $5,807
Balance sheet and other
- Total assets, start of year
- $335,171
- Total assets, end of year
- $302,712
- Total liabilities, end of year
- $0
- Net assets, end of year
- $302,712
- Net assets without donor restrictions
- $302,712
- Gross receipts
- $413
- Employees
- 0
- Volunteers
- 5
- Year formed
- 1962
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID PARMLEY | BOARD CHAIRMAN Trustee or director, Officer | 1 | $0 |
| ED FLAITZ | CFO, TREASURER Trustee or director, Officer | 1 | $0 |
| JOHN CARBONE | SECRETARY Trustee or director, Officer | 1 | $0 |
| JOHN BUCKLEY | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| RICHARD ANDOLINA JR | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHAEL L NISBET | CEO Officer | 2 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID PARMLEY | BOARD CHAIRMAN Trustee or director, Officer | 1 | $0 |
| ED FLAITZ | CFO, TREASURER Trustee or director, Officer | 1 | $0 |
| JOHN CARBONE | SECRETARY Trustee or director, Officer | 1 | $0 |
| JOHN BUCKLEY | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| RICHARD ANDOLINA JR | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHAEL L NISBET | CEO Officer | 2 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID PARMLEY | BOARD CHAIRMAN Trustee or director, Officer | 1 | $0 |
| ED FLAITZ | CFO, TREASURER Trustee or director, Officer | 1 | $0 |
| JOHN CARBONE | SECRETARY Trustee or director, Officer | 1 | $0 |
| JOHN BUCKLEY | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| RICHARD ANDOLINA JR | BOARD MEMBER Trustee or director, Officer | 1 | $0 |
| MICHAEL L NISBET | CEO Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 40 MAIN STREET, HORNELL, NY 14843-1559
- Principal officer (990 for 2025)
- MICHAEL L NISBET, 40 MAIN STREET, HORNELL, NY 14843
- Signed the 990
- MICHAEL L NISBET, CEO
- Phone
- (607) 324-0310
- Website
- HTTP://WWW.HORNELLNY.COM
- Return prepared by
- MENGEL METZGER BARR & CO LLP
Mission
THE HORNELL INDUSTRIAL DEVELOPMENT CORPORATION WAS FORMED FOR THE PURPOSE OF ENCOURAGING FINANCIALLY SOUND COMPANIES TO ESTABLISH THEMSELVES AND PROSPER IN THE HORNELL, NEW YORK AREA.
Program accomplishments
- PAYMENTS FOR PROMOTIONAL ACTIVITIES TO HIGHLIGHT ECONOMIC OPPORTUNITIES FOR COMPANIES IN THE HORNELL, NEW YORK AREA.Expenses $27,065
- PROVIDED 23 HORNELL SMALL BUSINESSES WITH LOANS UP TO $10,000 FOR SHORT-TERM, WORKING CAPITAL NEEDS TO OFFSET LOSSES DUE TO THE COVID-19 CRISIS. LOAN TERMS SHALL BE 180 DAYS NO INTEREST THAN 1% ANNUALIZED INTEREST WITH REPAYMENT OVER THIRTY THREE MONTH.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | 990 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
- 16-1191210
- 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
- 2002
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $302,712
- Income (IRS master file)
- $413
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $413 | $32,872 | $302,712 | XML |
| 990 | December 2024 | $229 | $11,483 | $335,171 | IRS |
| 990 | December 2023 | $73 | $19,046 | $346,425 | XML |
| 990 | December 2022 | $1,543 | $9,830 | $365,398 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | 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 16-1191210).
Questions about HORNELL INDUSTRIAL DEVELOPMENT CORPORATION
- What is the EIN of HORNELL INDUSTRIAL DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of HORNELL INDUSTRIAL DEVELOPMENT CORPORATION is 16-1191210.
- Is HORNELL INDUSTRIAL DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to HORNELL INDUSTRIAL DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HORNELL INDUSTRIAL DEVELOPMENT CORPORATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of HORNELL INDUSTRIAL DEVELOPMENT CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HORNELL INDUSTRIAL DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of HORNELL INDUSTRIAL DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names MICHAEL L NISBET.
- Who are the officers and directors of HORNELL INDUSTRIAL DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does HORNELL INDUSTRIAL DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $413, expenses of $32,872 and total assets of $302,712 at year end.
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All nonprofits in HORNELL · New York · Community improvement and capacity building