2026-05-06T08:08:57-07:00 2025-12-31 Mostert Manzanero & Scott LLP 4 Associate Dr Oneonta NY 13820 990 2025-01-01 161264689 DEVELOPMENT CHENANGO CORPORATION DEVE 6073341400 19 EAST MAIN STREET NORWICH NY 13815 MIKE FLANAGAN Chairman 2026-05-06 true ANTHONY T MANZANERO P00286147 6074328700 2025 2025-03-06 01:10:19Z MIKE FLANAGAN 19 EAST MAIN STREET NORWICH NY 13815 691679 false X WWW.CHENANGONY.ORG X 1966 NY PERFORMANCE GOALS:PROVIDE ASSISTANCE TO COMPANIES EXPANDING IN CHENANGO COUNTYPROVIDE ASSISTANCE TO COMPANIES LOCATING IN CHENANGO COUNTYPROVIDE ASSISTANCE TO COMPANIES TO RETAIN JOBS IN CHENANGO COUNTYSUPPORT PROJECTS THAT WILL INCREASE AVAILABLE EMPLOYMENT OPPORTUNITIES IN CHENANGO COUNTYFACILITATE AN INCREASE IN THE AVAILABILITY OF A WELL-TRAINED AND SKILLED WORKFORCE IN CHENANGO COUNTYPARTICIPATE IN DOWNTOWN REVITALIZATION EFFORTS THROUGHOUT CHENANGO COUNTYSUPPORT EFFORTS TO ATTAIN NECESSARY INFRASTRUCTURE TO SUSTAIN BUSINESS ACTIVITY THROUGHOUT CHENANGO COUNTYREDUCE THE NUMBER OF DILAPIDATED/BLIGHTED COMMERCIAL PROPERTIES THROUGHOUT CHENANGO COUNTY 17 17 0 17 0 153183 164000 54543 130111 105081 -163205 -39686 -15766 273121 115140 0 0 0 0 0 300858 430931 300858 430931 -27737 -315791 3639705 3470517 153873 170195 3485832 3300322 To promote and coordinate economic development in Chenango County through education and technical assistance, business investment, downtown revitalization, and by attracting funding to Chenangos businesses and communities. false false 303054 130111 DIRECT EXPENDITURES MADE FOR THE PROMOTION OF ECONOMIC DEVELOPMENT IN CHENANGO COUNTY, NEW YORK. 303054 true true false false false false false false false false true false false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 0 0 false 0 false false false false false false false 0 false false false false false false false X 17 17 false false false false false false false true true false false true true true true true true true true false NY X X JOHN AXTELL 6073341400 19 EAST MAIN STREET NORWICH NY 13815 SALVATORE TESTANI Executive Dir. 40.00 0.00 X X 0 89252 0 RC WOODFORD Director 0.50 0.00 X 0 0 0 ERIK SCRIVENER Secretary 0.50 0.00 X X 0 0 0 KURT EDWARDS Treasurer 0.50 0.00 X X 0 0 0 ADAM SPENCE Director 0.50 0.00 X 0 0 0 SARAH CASSCLES Director 0.50 0.00 X 0 0 0 MARK SILVANIC Director 0.50 0.00 X 0 0 0 PHIL WADE Director 0.50 0.00 X 0 0 0 DIANE SCALZO Director 0.50 0.00 X 0 0 0 JULIA MILLER Director 0.50 0.00 X 0 0 0 ED COATES Director 0.50 0.00 X 0 0 0 CHRIS KISACKY Director 0.50 0.00 X 0 0 0 JARED BARTLE Director 0.50 0.00 X 0 0 0 LUKE MURPHY Director 0.50 0.00 X 0 0 0 KECIA BURTON Director 0.50 0.00 X 0 0 0 JEFFERY BLANCHARD Director 0.50 0.00 X 0 0 0 GRANT BRIGHTMAN Director 0.05 0.00 X 0 0 0 MIKE FLANAGAN Chairman 0.50 0.00 X 0 0 0 89252 0 false false false 0 164000 164000 LOAN INTEREST AND FEES 522200 15749 15749 PROJECT FEES 900099 114362 114362 130111 106443 106443 0 0 26125 41891 -15766 -15766 -15766 265000 534648 -269648 -269648 -269648 0 0 0 0 115140 -155303 106443 0 0 0 0 0 0 0 0 0 0 178827 80472 98355 0 0 0 0 0 36391 29113 7278 4581 4581 16381 16381 0 0 29202 13141 16061 4014 4014 0 0 1252 564 688 0 26191 26191 3045 2131 914 SPECIAL PROJECTS 109456 109456 ADMINISTRATION 16276 16276 BAD DEBT 5315 5315 0 430931 303054 127877 0 357439 580441 8692 8695 0 4253 0 0 0 465352 430873 0 1320 53390 542603 150896 923962 391707 1878687 2005411 0 0 0 0 3639705 3470517 24442 25729 26060 129431 118406 153873 170195 X 3485832 3300322 3485832 3300322 3639705 3470517 -315791 130281 X false false false X 184850 152420 157593 153183 164000 812046 33369 34421 22482 54543 130111 274926 0 0 0 218219 186841 180075 207726 294111 1086972 0 0 1086972 92716 103959 115347 136308 106443 554773 0 92716 103959 115347 136308 106443 554773 0 134 250 384 311069 290800 295672 344034 400554 1642129 0.66190 0.66940 0.33780 0.32810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 535524 143817 391707 7079 7079 391707 X 287312 130281 41891 172172 115140 115140 472822 41891 41891 430931 430931 Part X : FIN48 Footnote THE ORGANIZATION IS TAX EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE CORPORATION IS NOT LIABLE FOR INCOME TAXES ON INCOME GENERATED FROM ACTIVITIES RELATED TO ITS EXEMPT PURPOSE OR FEDERAL UNEMPLOYMENT INSURANCE. CONTRIBUTIONS TO THE ORGANIZATION ARE TAX DEDUCTIBLE TO DONORS UNDER SECTION 170 OF THE IRC CODE. THE ORGANIZATION IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. THE TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION BY TAXING AUTHORITIES ARE GENERALLY THE PREVIOUS THREE YEARS. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 NETTED RENTAL EXPENSES $41891 Part XII, Line 2d: Other expenses and losses per audited F/S NETTED RENTAL EXPENSE $41891 Form 990, Part VI, Section B, Line 11b A DRAFT FORM OF THE 990 IS SHARED WITH THE FINANCE COMMITTEE WHO REVIEWS IT. ANY ITEMS THAT ARE UNCLEAR ARE EXPLAINED BY MANAGEMENT, CORRECTIONS ARE MADE IF NECESSARY. THE FULL BOARD IS AWARE OF THE AVAILABILITY OF THE DRAFT AND HAS AN OPPORTUNITY TO REVIEW IT PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Section B, Line 12c THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT IS REVIEWED ANNUALLY BY THE BOARD. DURING BOARD MEETINGS, PRIOR TO A VOTE, MEMBERS ARE ASKED IF THERE ARE ABSTENTIONS DUE TO A PERSONAL OR BUSINESS CONFLICT OF INTEREST. Form 990, Part VI, Section B, Line 15a THE CORPORATION DOES NOT EMPLOY ANY INDIVIDUALS, HOWEVER, COMPENSATION OF MANAGEMENT SUPPORTING SERVICES IS REVIEWED ANNUALLY AND AGRED TO ONLY WHEN JUSTIFIED BASED ON REASONABLE BUSINESS CRITERIA. Form 990, Part VI, Section B, Line 15b THE ORGANIZATION ANNUALLY REVIEWED A CONTRACT WITH COMMERCE CHENANGO, INC THAT BUDGETS A COST SHARING ALLOCATION OF SALARIES, WAGES, AND OTHER NECESSARY EXPENSES. ALL ITEMS ARE REVIEWED AND JUSTIFIED PRIOR TO ACCEPTANCE OF THE CONTRACT TERMS. Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS, POLICIES, ANNUAL TAX RETURNS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST. COMMERCE CHENANGO INC 19 EAST MAIN ST NORWICH NY 13815 150402540 EDUCATE AND ORGANIZE BUSINESSES NY 501(C)6 NA false false false false false false false false false false false false false false false false false false false false