Nonprofit · EIN 84-2112665
EXCELSIOR LOCAL DEVELOPMENT CORPORATION
Tax-exempt · LATHAM, NY 12110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $351,465 | $249,660 | $101,805 | $3,669,467 | $34,194 | $3,635,273 |
| September 30, 2024 | 990 | $509,067 | $334,893 | $174,174 | $6,798,471 | $3,265,003 | $3,533,468 |
| September 30, 2023 | 990 | $1,282,544 | $622,035 | $660,509 | $3,554,505 | $195,211 | $3,359,294 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $351,465
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $120,395
- Salaries, compensation and benefits (total)
- $136,910
- Professional fundraising fees
- $0
- Accounting fees
- $20,250
- Program services (functional)
- $205,776
- Management and general (functional)
- $43,884
Balance sheet and other
- Total assets, start of year
- $6,798,471
- Total assets, end of year
- $3,669,467
- Total liabilities, end of year
- $34,194
- Net assets, end of year
- $3,635,273
- Net assets without donor restrictions
- $3,635,273
- Gross receipts
- $351,465
- Employees
- 1
- Volunteers
- 0
- Year formed
- 2019
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| CHRIS LEVY | VP & SECRETARY Trustee or director, Officer | 1 | $0 | $462,308 |
| OWEN BURNS | VP & TREASURER Officer | 1 | $0 | $305,039 |
| PATRICK J MACKRELL | CHAIRMAN, PRESIDENT & CEO Trustee or director, Officer | 1 | $0 | $0 |
| BRUCE W BOYEA | DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| JEFFREY LEVY | DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended September 30, 2024: 5 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| CHRIS LEVY | VP & SECRETARY Trustee or director, Officer | 1 | $0 | $450,962 |
| OWEN BURNS | VP & TREASURER Officer | 1 | $0 | $290,808 |
| PATRICK J MACKRELL | CHAIRMAN, PRESIDENT & CEO Trustee or director, Officer | 1 | $0 | $100,000 |
| BRUCE W BOYEA | DIRECTOR Trustee or director, Officer | 1 | $0 | $6,900 |
| JEFFREY LEVY | DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended September 30, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| PATRICK J MACKRELL | CHAIRMAN, PRESIDENT AND CEO Trustee or director, Officer | 1 | $25,639 | $830,904 |
| CHRIS LEVY | VP & SECRETARY Trustee or director, Officer | 1 | $0 | $374,139 |
| OWEN BURNS | VP & TREASURER Officer | 1 | $0 | $283,672 |
| BRUCE W BOYEA | DIRECTOR Trustee or director, Officer | 1 | $500 | $0 |
| JEFFREY LEVY | DIRECTOR Trustee or director, Officer | 1 | $500 | $0 |
Address and contacts
- Address (IRS master file)
- 19 BRITISH AMERICAN BLVD, LATHAM, NY 12110-0000
- Principal officer (990 for 2024)
- CHRIS LEVY, 19 BRITISH AMERICAN BLVD E, LATHAM, NY 12110
- Signed the 990
- CHRIS LEVY, PRESIDENT
- Phone
- (518) 463-2268
- Return prepared by
- UHY ADVISORS NORTHEAST INC
Mission
SEE SCHEDULE O
Program accomplishments
- THE CORPORATION MAKES LOANS TO SMALL BUSINESSES ON TERMS THAT WOULD NOT BE REASONABLY AVAILABLE FROM COMMERCIAL LENDERS DOING BUSINESS IN NYS IN ORDER TO: RELIEVE AND REDUCE UNEMPLOYMENT, PROMOTE AND PROVIDE FOR ADDITIONAL AND MAXIMUM EMPLOYMENT, AID COMMUNITIES IN NYS BY ENCOURAGING THE DEVELOPMENT AND/OR RETENTION OF INDUSTRY.Expenses $205,776 · revenue $351,465
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 84-2112665
- 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
- 2020
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $3,669,467
- Income (IRS master file)
- $351,465
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $351,465 | $249,660 | $3,669,467 | XML |
| 990 | September 2024 | $509,067 | $334,893 | $6,798,471 | XML |
| 990 | September 2023 | $1,282,544 | $622,035 | $3,554,505 | XML |
| 990 | September 2022 | $2,081,971 | $255,589 | $5,240,927 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | 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 84-2112665).
Questions about EXCELSIOR LOCAL DEVELOPMENT CORPORATION
- What is the EIN of EXCELSIOR LOCAL DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of EXCELSIOR LOCAL DEVELOPMENT CORPORATION is 84-2112665.
- Is EXCELSIOR LOCAL DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to EXCELSIOR LOCAL DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EXCELSIOR 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 EXCELSIOR LOCAL DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EXCELSIOR LOCAL DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of EXCELSIOR LOCAL DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 names CHRIS LEVY.
- Who are the officers and directors of EXCELSIOR LOCAL DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does EXCELSIOR LOCAL DEVELOPMENT CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $351,465, expenses of $249,660 and total assets of $3,669,467 at year end.
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All nonprofits in LATHAM · New York · Community improvement and capacity building