2025-03-21T06:43:48-05:00 2024-09-30 332457480 INSERO ADVISORS LLC 20 THORNWOOD DRIVE ITHACA NY 14850 990 2023-10-01 161433308 REDEC RELENDING CORPORATION REDE 6079623021 109 CANADA ROAD 150 PAINTED POST NY 14870 GEORGE E MINER PRESIDENT 6079623021 2025-03-19 1 1 BENJAMIN M OWENS CPA P02449769 6072724444 2023 2025-03-06 01:10:19Z GEORGE E MINER 109 CANADA ROAD 150 PAINTED POST NY 14870 357766 0 X WWW.REDEC.US X 1993 NY TO PROVIDE ECONOMIC DEVELOPMENT LENDING CAPABILITY FOR BUSINESSES IN CHEMUNG, SCHUYLER, STEUBEN AND TIOGA COUNTIES, WHICH FULLY RESPONDS TO THE NEEDS OF THE REGION AND THE OBJECTIVES OF THE CORPORATION. 21 21 0 22 0 0 222318 162065 156463 180047 6828 8154 7674 7500 393283 357766 0 0 0 0 278477 310476 0 0 0 95668 58545 374145 369021 19138 -11255 1939451 1785787 1253824 1125664 685627 660123 THE MISSION OF THE ORGANIZATION IS TO PROVIDE ECONOMIC DEVELOPMENT LENDING CAPABILITY FOR BUSINESSES IN CHEMUNG, SCHUYLER, STEUBEN AND TIOGA COUNTIES, WHICH FULLY RESPONDS TO THE NEEDS OF THE REGION AND THE OBJECTIVES OF THE CORPORATION. 0 0 369021 187547 OFFER AND ADMINISTER LOW INTEREST LOANS FOR ECONOMIC DEVELOPMENT PROJECTS WHERE CONVENTIONAL FINANCING CANNOT MEET ALL THE APPLICANTS' NEEDS. 369021 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 NY X THE ORGANIZATION 6079623021 109 CANADA ROAD 150 PAINTED POST NY 14870 BRIAN WARNER CHAIR 0.50 0.50 X X 0 0 0 CHELSEA ROBERTSON DIRECTOR 0.50 0.50 X 0 0 0 CHRISTOPHER BREWER DIRECTOR 0.50 0.50 X 0 0 0 CHRISTOPHER COLETTA TREASURER 0.50 0.50 X X 0 0 0 CHRISTOPHER GIAMMICHELE DIRECTOR 0.50 0.50 X 0 0 0 SUSAN MONROE DIRECTOR 0.50 0.50 X 0 0 0 JAMIE JOHNSON DIRECTOR 0.50 0.50 X 0 0 0 JENNIFER MILLER DIRECTOR 0.50 0.50 X 0 0 0 JILL KOSKI VICE-CHAIR 0.50 1.50 X X 0 0 0 JOSEPH ROMAN DIRECTOR 0.50 0.50 X 0 0 0 JUDY MCKINNEY CHERRY DIRECTOR 0.50 0.50 X 0 0 0 JULIE CHEVALIER DIRECTOR 0.50 0.50 X 0 0 0 KELSEY KNOWLES DIRECTOR 0.50 0.50 X 0 0 0 KAMALA KEELEY SECRETARY 0.50 0.50 X X 0 0 0 MICHAEL J MANZARI DIRECTOR 0.50 0.50 X 0 0 0 MIKE MCCUMISKEY DIRECTOR 0.50 0.50 X 0 0 0 ASHLEIGH MADISON DIRECTOR 0.50 0.50 X 0 0 0 KEVIN DOUGHERTY DIRECTOR 0.50 0.50 X 0 0 0 TODD STRONG DIRECTOR 0.50 0.50 X 0 0 0 GRACE DALTON DIRECTOR 0.50 0.50 X 0 0 0 MICHAEL NISBET DIRECTOR 0.50 0.50 X 0 0 0 GEORGE MINER PRESIDENT 14.00 21.00 X 0 97475 9491 BRYANT MYERS PRESIDENT 14.00 21.00 X 0 55207 0 0 152682 9491 0 0 0 0 0 146021 16044 162065 LATE FEES & ADMINISTRA 900099 127738 127738 INTEREST & FEES ON LOA 900099 52309 52309 180047 8154 8154 MISCELLANEOUS INCOME 900099 7500 7500 7500 357766 187547 0 8154 149220 149220 85196 85196 7948 7948 51140 51140 16972 16972 7000 7000 29661 29661 9651 9651 9251 9251 8547 8547 7105 7105 6369 6369 4475 4475 2720 2720 BAD DEBT 12579 12579 OTHER 10023 10023 EQUIPMENT 7439 7439 UNRECOVERABLE LOSE 372 372 -56647 -56647 369021 369021 0 0 212671 142152 675312 590396 54738 65169 848394 888701 148336 99369 1939451 1785787 28957 30880 1224867 1094784 1253824 1125664 X 557495 558408 128132 101715 685627 660123 1939451 1785787 X -11255 -14249 X X 0 1 X 1 1 1 X 272998 190066 231710 222318 162065 1079157 216458 172315 154346 156463 180047 879629 489456 362381 386056 378781 342112 1958786 0 0 0 1958786 4569 7376 7744 6828 8154 34671 4569 7376 7744 6828 8154 34671 70255 11955 6991 7674 7500 104375 564280 381712 400791 393283 357766 2097832 0.93370 0.92790 0.01650 0.01260 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: COLLECTION ON BAD DEBT - 2020 AMOUNT: $ 11,625. 2021 AMOUNT: $ 6,991. 2022 AMOUNT: $ 7,674. 2023 AMOUNT: $ 0. DEBT FORGIVENESS - 2019 AMOUNT: $ 70,255. MISCELLANEOUS INCOME - 2020 AMOUNT: $ 330. 2023 AMOUNT: $ 7,500. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 OPERATING FUNDS ON DEPOSIT 99369 99369 FORM 990, PART VI, SECTION B, LINE 11B COPIES OF FORM 990 ARE DISTRIBUTED TO BOARD MEMBERS PRIOR TO FILING FOR FORMAL BOARD MEMBER REVIEW. FORM 990, PART VI, SECTION B, LINE 12C SIGNED STATEMENTS ARE REVIEWED ANNUALLY AND ANY DEEMED CONFLICT IS REVIEWED WITH LEGAL COUNSEL. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE DETERMINES THE COMPENSATION FOR THE EXECUTIVE DIRECTOR. GENERALLY, A PERFORMANCE EVALUATION IS CONDUCTED WITH THE RESULTS SENT TO THE PRESIDENT OF THE BOARD WHO THEN DISCUSSES THE RESULTS WITH THE COMMITTEE WHO THEN ADVISE THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFER TO MANAGEMENT AND GENERAL -14,249. FORM 990, PAGE 12, PART XII, LINE 2C THE PROCESS FOR AUDIT OVERSIGHT AND AUDITOR SELECTION HAS NOT CHANGED FROM THE PRIOR YEAR. REGIONAL ECONOMIC DEVELOPMENT AND ENERGY CORPORATION 109 CANADA ROAD SUITE 150 PAINTED POST NY 14870 222332050 ECONOMIC DEVELOPMENT NY 501(C)(4) N/A 0 SOUTHERN TIER REGION ECONOMIC DEVELOPMENT CORPORATION 109 CANADA ROAD SUITE 150 PAINTED POST NY 14870 161483269 ECONOMIC DEVELOPMENT NY 501(C)(6) N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 1 SOUTHERN TIER REGION ECONOMIC DEVELOPMENT COUNCIL L 121120 FAIR MARKET VALUE