Nonprofit · EIN 80-0492818
HUDSON VALLEY ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · POUGHKEEPSIE, NY 12601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $851,897 | $1,046,601 | -$194,704 | $542,397 | $54,851 | $487,546 |
| December 31, 2023 | 990 | $995,465 | $899,285 | $96,180 | $766,647 | $84,397 | $682,250 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $851,897
- Membership dues
- $851,897
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $392,547
- Other salaries and wages
- $82,681
- Salaries, compensation and benefits (total)
- $546,896
- Professional fundraising fees
- $0
- Accounting fees
- $11,084
- Travel
- $2,278
- Program services (functional)
- $958,908
- Management and general (functional)
- $87,693
Balance sheet and other
- Total assets, start of year
- $766,647
- Total assets, end of year
- $542,397
- Total liabilities, end of year
- $54,851
- Net assets, end of year
- $487,546
- Net assets without donor restrictions
- $487,546
- Gross receipts
- $851,897
- Employees
- 2
- Year formed
- 2009
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 | Other / benefits |
|---|---|---|---|---|
| MICHAEL OATES | PRESIDENT & Trustee or director, Officer | 40 | $392,547 | $43,019 |
| ANTHONY GIOFFRE | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| ROBERT LEVINE | IMMEDIATE PA Trustee or director, Officer | 5 | $0 | $0 |
| ALAN MARKS | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| NICK PREDDICE | CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL OATES | PRESIDENT & Trustee or director, Officer | 40 | $320,327 |
| ANTHONY GIOFFRE | SECRETARY Trustee or director, Officer | 2 | $0 |
| ROBERT LEVINE | IMMEDIATE PA Trustee or director, Officer | 2 | $0 |
| ALAN MARKS | TREASURER Trustee or director, Officer | 2 | $0 |
| NICK PREDDICE | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| JOSH SOMMERS | FIRST VICE C Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 42 CATHARINE STREET, POUGHKEEPSIE, NY 12601-2529
- In care of
- % DEANNA ROBERTSON
- Principal officer (990 for 2024)
- MICHAEL OATES, 42 CATHARINE STREET, POUGHKEEPSIE, NY 12601
- Signed the 990
- MICHAEL OATES, PRESIDENT & CEO
- Phone
- (845) 220-2244
- Website
- WWW.HVEDC.COM
- Return prepared by
- WASCHITZ PAVLOFF CPA LLP
Mission
ECONOMIC DEVELOPMENT AND PROMOTION OF THE HUDSON VALLEY REGION IN NEW YORK.
Program accomplishments
- DEVELOPMENT OF A REGIONAL STRATEGY WITH A UNIFIED MESSAGE AND TARGETED MARKETING ALONG WITH A SHOVEL READY INITIATIVE FOR INTERESTED BUSINESSES IN THE HUDSON VALLEY REGION OF NEW YORK STATE.
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
- 80-0492818
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $542,397
- Income (IRS master file)
- $851,897
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $851,897 | $1,046,601 | $542,397 | XML |
| 990 | December 2023 | $995,465 | $899,285 | $766,647 | XML |
| 990 | December 2022 | $911,039 | $753,738 | $640,040 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 80-0492818).
Questions about HUDSON VALLEY ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of HUDSON VALLEY ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of HUDSON VALLEY ECONOMIC DEVELOPMENT CORPORATION is 80-0492818.
- Is HUDSON VALLEY ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2010.
- Are donations to HUDSON VALLEY ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does HUDSON VALLEY ECONOMIC 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 VALLEY ECONOMIC 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 VALLEY ECONOMIC 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 VALLEY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names MICHAEL OATES.
- Who are the officers and directors of HUDSON VALLEY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $392,547 (MICHAEL OATES, PRESIDENT &).
- How much revenue does HUDSON VALLEY ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $851,897, expenses of $1,046,601 and total assets of $542,397 at year end.
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