Nonprofit · EIN 26-3093066
WARWICK VALLEY LOCAL DEVELOPMENT CORPORATION
Tax-exempt · WARWICK, NY 10990
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,475,314 | $1,560,442 | -$85,128 | $108,927 | $0 | $108,927 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $1,292,392
- Net gain from sales of assets
- $1,292,392
- Other revenue
- $182,922
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $15,515
- Occupancy
- $3,596
- Program services (functional)
- $1,537,004
- Management and general (functional)
- $23,438
Balance sheet and other
- Total assets, start of year
- $605,251
- Total assets, end of year
- $108,927
- Total liabilities, end of year
- $0
- Net assets, end of year
- $108,927
- Gross unrelated business income
- $76,718
- Gross receipts
- $1,682,922
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2008
- 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 |
|---|---|---|---|
| MICHAEL SWEETON | VICE PRESIDENTS Trustee or director | 1 | $0 |
| MICHAEL NEWHARD | SECRETARY Trustee or director | 1 | $0 |
| LOU HEIMBACH | DIRECTOR Trustee or director | 1 | $0 |
| MARIE CORLETT | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT KRAHULIK | PRESIDENT Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 202, WARWICK, NY 10990-0202
- Mailing address (990-N for 2012)
- 28 Railroad Avenue Suite 2C, Warwick NY 10990
- Principal officer (990 for 2024)
- ROBERT KRAHULIK, PO BOX 202, WARWICK, NY 10990
- Principal officer (990-N for 2012)
- Robert Krahulik, 2 Bank Street, Warwick NY 10990
- Signed the 990
- ROBERT KRAHULIK, EXECUTIVE DIRECTOR
- Phone
- (845) 986-1156
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
Mission
CREATING JOBS AND ECONOMIC DEVELOPMENT.
Program accomplishments
- CREATING JOBS AND ECONOMIC DEVELOPMENTExpenses $1,537,004 · revenue $1,398,596
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
- 26-3093066
- 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
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S22)
- Assets (IRS master file)
- $108,927
- Income (IRS master file)
- $1,682,922
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $55,828 | $482,767 | $605,251 | IRS |
| 990 | December 2022 | $695,207 | $511,968 | $1,032,190 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2012 Officer: Robert Krahulik | December 31, 2012 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about WARWICK VALLEY LOCAL DEVELOPMENT CORPORATION
- What is the EIN of WARWICK VALLEY LOCAL DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of WARWICK VALLEY LOCAL DEVELOPMENT CORPORATION is 26-3093066.
- Is WARWICK VALLEY LOCAL DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to WARWICK VALLEY LOCAL DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WARWICK VALLEY LOCAL 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 WARWICK VALLEY LOCAL 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 WARWICK VALLEY LOCAL 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 WARWICK VALLEY LOCAL DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names ROBERT KRAHULIK.
- Who are the officers and directors of WARWICK VALLEY LOCAL DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does WARWICK VALLEY LOCAL DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,475,314, expenses of $1,560,442 and total assets of $108,927 at year end.
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