GLENS FALLS, NY
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)WARREN COUNTY LOCAL DEVELOPMENT CORP, founded in 1986, is a small nonprofit in the Community Improvement sector that reported $143K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $73K, a strong 51% operating margin.
THE PURPOSE OF THE LDC IS TO PROVIDE NEW JOBS, KEEP EXISTING JOBS AND BROADEN THE LOCAL TAX BASE THROUGH SUPPLEMENTAL FINANCING (E.G. GAP FINANCING OR LENDER OF LAST RESORT), WHILE PROVIDING THE FUNDING NECESSARY TO LEVERAGE PRIVATE SECTOR INVESTMENTS, AND TO PROVIDE ASSISTANCE TO MAKE AVAILABLE FUNDING MECHANISMS FOR IMPROVEMENTS AND UPGRADES TO THOSE LOW TO MODERATE INCOME HOUSEHOLDS IN WARREN COUNTY.
:REVOLVING LOAN FUND:INQUIRIES REGARDING FUNDING SOURCES FOR SMALL BUSINESSES IN WARREN COUNTY WERE RECEIVED ON A MORE REGULAR BASIS THROUGHOUT 2024. WCLDC HAD A TOTAL OF 25 FUNDING OR OTHER SMALL...
:REVOLVING LOAN FUND:INQUIRIES REGARDING FUNDING SOURCES FOR SMALL BUSINESSES IN WARREN COUNTY WERE RECEIVED ON A MORE REGULAR BASIS THROUGHOUT 2024. WCLDC HAD A TOTAL OF 25 FUNDING OR OTHER SMALL BUSINESS SUPPORT INQUIRIES:- 1 LOAN APPLICATION- 2 SOUGHT FUNDS TO COVER DEBT (1 RETAILS LOCATION; I MENTAL HEALTH CLINIC)- 6 SOUGHT FUNDS FOR STARTUP- 2 SOUGHT LOAN MODIFICATIONS FOR EXISTING LOANS- 7 SOUGHT BUSINESS ADVICE AND NETWORKING CONNECTIONS- 7 SOUGHT GRANT FUNDS PHONE-CALL ONLY INQUIRIESTHE FOLLOWING IS A GEOGRAPHIC BREAKDOWN OF WHERE THE BUSINESSES WERE LOCATED AND THE NUMBER OF INQUIRIES FOR EACH LOCATION: 6 GLENS FALLS, 6 QUEENSBURY, 2 BOLTON, 1 HORICON, 1 NORTH CREEK,1 WARRENSBURG, 1 LAKE GEORGE, 6 COUNTY-WIDE- NO LOANS WERE PAID OFF DURING 2024- ONE LOAN DEFAULTED AND SUBSEQUENTLY SOUGHT AND WAS GRANTED A LOAN MODIFICATION- ONE LOAN WAS GRANTED A LOAN MODIFICATION- ONE NEW LOAN WAS ISSUED- TWO LOANS WERE WITHOUT ISSUE AND REMAIN CURRENTSTARTUP-ADK:TWO 8-WEEK SESSIONS OF THE STARTUP ADK (AKA MICROENTERPRISE ASSISTANCE PROGRAM) WERE OFFERED IN COLLABORATION WITH SUNY ADIRONDACK AND WASHINGTON COUNTY LDC. THE SPRING SESSION DID NOT RUN DUE TO LOW ENROLLMENT; THE FALL CLASS HAD 20 PARTICIPANTS.EXPANDED MARKETING AND PLANNING WERE SUPPORTED BY THE WCLDC IN 2024 FOR THE LARGE SCALE ENTREPRENEURIAL EVENT TO BE HELD IN JANUARY OF 2025. GREATER ENROLLMENT IN STARTUP, GREATER ENGAGEMENT WITH THE ENTREPRENEUR COMMUNITY, EXPANSION OF ENTREPRENEURIAL SUPPORT AND MORE EXTENSIVE MARKETING AROUND ENTREPRENEURSHIP WERE ALL SUPPORTED BY WCLDC IN 2024.GRANTS NO GRANTS DURING 2024RESIDENTIAL PRE-DEVELOPMENT LOAN FUNDTHE WARREN COUNTY LOCAL DEVELOPMENT CORPORATION (WCLDC) ESTABLISHED A LOAN FUND OF $50,000 FOR THE PURPOSE OF PROVIDING PROJECT FINANCING ASSISTANCE TO QUALIFIED BUILDERS AND PROJECTS FOR CAPITAL COSTS AND RELATED SOFT COSTS ASSOCIATED WITH NEW CONSTRUCTION OF SINGLE-FAMILY HOMES OR OTHER OWNER-OCCUPIED UNITS IN WARREN COUNTY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $142,984 | $113,972 | +0.3% |
| Expenses | $69,509 | $134,667 | -0.5% |
| Net Income | $73,475 | $-20,695 | -4.6% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MICHAEL WILD | CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| NATHAN ETU | VICE CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| EUGENE MERLINO | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROBERT LANDRY | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| NANCY TURNER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID STRAINER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK SMITH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DIANE DUMOUCHEL | CHIEF FINANCIAL OFFICER | 15.00 |
Officer
|
$0 | $0 | $0 |
| JIM SIPLON | CHIEF EXECUTIVE OFFICER | 5.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $142,984 | $69,509 | $1,589,351 | $73,475 |
| 2023 | $113,972 | $134,667 | $1,522,714 | $-20,695 |
| 2022 | $70,364 | $249,349 | $1,536,460 | $-178,985 |
| 2021 | $71,479 | $58,534 | $1,715,445 | $12,945 |
| 2020 | $73,631 | $58,096 | $1,710,833 | $15,535 |
| 2019 | $85,466 | $69,696 | $1,736,965 | $15,770 |
Compare WARREN COUNTY LOCAL DEVELOPMENT CORP with other nonprofits in New York and across the country.