ALBANY COUNTY BUSINESS DEVELOPMENT CORP

EIN: 161530930 Community Improvement

ALBANY, NY

Total Revenue
$742,603
Total Expenses
$437,123
Total Assets
$20,235,724
Net Assets
$20,090,737
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
NY
Principal Officer
AMY THOMPSON
Phone
5184475602
Tax Period
2024-01-01 to 2024-12-31

ALBANY COUNTY BUSINESS DEVELOPMENT CORP, founded in 1994, is a small nonprofit in the Community Improvement sector that reported $743K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $305K, a strong 41% operating margin.

Mission

TO SUPPORT A VIABLE, SUSTAINABLE ECONOMIC ECO-SYSTEM IN THE COUNTY OF ALBANY BY PROVIDING LOW INTEREST COMMERCIAL LOANS THROUGH THE AL TECH LOAN FUND TO SMALL AND MEDIUM SIZE BUSINESSES THAT ARE EXPECTED TO CREATE EMPLOYMENT OPPORTUNITIES AND/OR EXPAND THE COMMERCIAL REAL ESTATE TAX BASE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $330,745
Investment Income $411,858
Other Revenue $0
TOTAL REVENUE $742,603

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $344,436
Other Expenses $437,123
TOTAL EXPENSES $437,123

Year-over-Year Comparison

2024 2023 Change
Revenue $742,603 $646,608 +0.1%
Expenses $437,123 $383,430 +0.1%
Net Income $305,480 $263,178 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
9

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN PEDO MEMBER 1.00
Director
$0 $0 $0
CAITLIN O'BRIEN EX-OFFICIO 1.00
Director
$0 $0 $0
MARCUS Q PRYOR MEMBER 1.00
Director
$0 $0 $0
ALLEN MAIKELS MEMBER 1.00
Director
$0 $0 $0
LUCAS ROGERS EX-OFFICIO 1.00
Director
$0 $0 $0
DIANA OSTROFF SECRETARY 1.00
Officer Director
$0 $0 $0
JEFFERY STONE CHAIRMAN 1.00
Officer Director
$0 $0 $0
ALAN ALEXANDER TREASURER 1.00
Officer Director
$0 $0 $0
DAN SCARING MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $742,603 $437,123 $20,235,724 $305,480
2023 $646,608 $383,430 $19,872,445 $263,178
2022 $383,334 $200,693 $19,622,363 $182,641
2021 $2,457,768 $352,509 $19,525,961 $2,105,259
2020 $3,305,420 $343,113 $21,945,421 $2,962,307
2019 $435,069 $300,979 $18,925,300 $134,090
2018 $397,113 $223,083 $18,797,439 $174,030
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