NonprofitsHornell Industrial Development Corporation

Community Improvement & Capacity Building

Hornell Industrial Development Corporation

HORNELL, NY

Total revenue

$229

Total expenses

$11K

Net assets

$335K

Grants received

EIN

161191210

Tax year

2024

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.

Programs

1 program

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.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue
Investment income$229
Other revenue
Total revenue$229

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$11K
Total expenses$11K
Total assets$335K
Net assets$335K

People

6 listed

NameRoleCompensation

DAVID PARMLEY

BOARD CHAIRMAN

Board

1 hrs/wk

ED FLAITZ

CFO, TREASURER

Board

1 hrs/wk

JOHN CARBONE

SECRETARY

Board

1 hrs/wk

JOHN BUCKLEY

VICE CHAIRMAN

Board

1 hrs/wk

RICHARD ANDOLINA JR

BOARD MEMBER

Board

1 hrs/wk

MICHAEL L NISBET

CEO

Board

2 hrs/wk

Details

EIN161191210
NTEE codeS30
Subsection03
Ruling date2002-10
Formed1962
Employees0
Volunteers5
HORNELL INDUSTRIAL DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo