GREATER LOCKPORT DEVELOPMENT CORPORATION

EIN: 222438263 501(c)(3) Community Improvement

LOCKPORT, NY

Total Revenue
$722,317
Total Expenses
$643,230
Total Assets
$4,614,038
Net Assets
$1,763,603
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
NY
Principal Officer
VICKI A SMITH
Phone
7164396688
Tax Period
2024-01-01 to 2024-12-31

GREATER LOCKPORT DEVELOPMENT CORPORATION, founded in 1981, is a small nonprofit in the Community Improvement sector that reported $722K in total revenue in fiscal year 2024. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $643K left a modest 11% surplus.

Mission

FURTHERING ECONOMIC DEVELOPMENT IN THE CITY OF LOCKPORT

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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 $681,901
Program Service Revenue $0
Investment Income $13,222
Other Revenue $27,194
TOTAL REVENUE $722,317

Expense Breakdown

Grants Paid $386,950
Salaries & Benefits $118,952
Fundraising Expenses $0
Program Expenses $533,533
Other Expenses $137,328
TOTAL EXPENSES $643,230

Year-over-Year Comparison

2024 2023 Change
Revenue $722,317 $1,726,053 -0.6%
Expenses $643,230 $2,075,147 -0.7%
Net Income $79,087 $-349,094 -1.2%
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
11
Independent Members
11
Employees
12
Volunteers
25

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
6
$23,235
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHY DIMILLO CHAIRMAN 1.00
Officer Director
$0 $0 $0
JENNIFER MURPHY VICE CHAIR 1.00
Officer Director
$0 $0 $0
STEVE JERZ TREASURER 1.00
Officer Director
$0 $0 $0
DEANNA ALTERIO BRENNEN SECRETARY 1.00
Officer Director
$0 $0 $0
BECKY BURNS DIRECTOR 1.00
Director
$0 $0 $0
JODY CHESKO DIRECTOR 1.00
Director
$0 $0 $0
PHILLIP JACKSON DIRECTOR 1.00
Director
$0 $0 $0
MAGGIE LUPPO DIRECTOR 1.00
Director
$0 $0 $0
KEVIN MCDONOUGH DIRECTOR 1.00
Director
$0 $0 $0
JOHN LOMBARDI III DIRECTOR 1.00
Director
$0 $0 $0
ELLEN SCHRATZ DIRECTOR 1.00
Director
$0 $0 $0
HEATHER PECK PRESIDENT/CEO (RESIGNED NOV 2024) 20.00
Officer
$8,000 $0 $8,000
LYNN OSWALD VICE PRESIDENT 12.00
Officer
$15,235 $0 $15,235
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 $722,317 $643,230 $4,614,038 $79,087
2023 $1,726,053 $2,075,147 $4,786,070 $-349,094
2022 $1,358,600 $1,046,765 $5,304,120 $311,835
2021 $352,423 $720,612 $5,114,849 $-368,189
2020 $285,596 $569,745 $5,581,840 $-284,149
2019 $-654 $296,204 $5,952,012 $-296,858
2018 $249,060 $305,660 $6,390,243 $-56,600
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