Greene County Economic Development Corporation
Nonprofit profile at a glance
- EIN
- 833107591
- IRS 990 coverage
- 2024–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-EZ 2023
- Location
- Catskill, NY, USA
- Phone
- (518) 719-3290
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public, Societal Benefit
Reported finances
- Revenue
- $305,579
- Expenses
- $313,359
- Assets
- $320,046
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- JAMES HANNAHS (EXECUTIVE DIRECTOR)
People named in this filing
- MARK MARAGLIO (CHAIR)
- BRADLEY CUMMINGS (VICE-CHAIR)
- ALLEN AUSTIN (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Greene County Economic Development Corporation is empowered by the Greene County Legislature to: Establish programs to encourage the creation of employment opportunities primarily for low-income residents of Greene County and to provide entrepreneurial training to low-income residents of Greene County thereby encouraging the creation of businesses by low-income residents of Greene County, and; Encourage the restoration, rehabilitation, and sustainable use of vacant and underused properties within Greene County and other remedial actions to eliminate physical, economic, and social deterioration within the County, and to provide education and training to members of the public to encourage the rehabilitation and preservation of properties within the County, and; Acquire by purchase, grant, gift or otherwise, real property within Greene County (including property) for corporate purposes and to foster and encourage the location or expansion of facilities and related businesses within Greene County.
What it reported doing in 2024
To relieve and reduce unemployment, to improve and maintain job opportunities, to promote and provide for additional and maximum employment, to improve and maintain job opportunites, to provide instruction and training to individuals to improve or develop their capabilities for employment, to encourage the attraction, development or retention of businesses, and to combat community deterioration and blight, all within greene county New York, and to lessen the burdens of government and act in the public interest.
Operating model
- Revenue model
- Grant-funded. 98% of the money available for current operations came from government grants.
- Distribution model
- Grant intermediary. The nonprofit sent 84% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 94
- Accountability: 94
- Sustainability: 45
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 99.9%; rating input score 100
- Program expense ratio: 97.5%; rating input score 97
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -2.5%; rating input score 33; 33rd percentile among comparable filings
- Total-asset coverage ratio: 1.02; rating input score 41; 41st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 119.1% per year; rating input score 100; 100th percentile among comparable filings
- Asset growth: 2.6% per year; rating input score 100; 36th percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 99.9% of revenue deployed · 97.5% of spending went to programs
- Governance: 7 of 7 board members independent · 6 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $305K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 18 of 18 current checks pass
- Schedules: 5 filed schedules · includes major donors and grants
- Contacts: How to reach this organization
- Money network: 12 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 33/100.
- Review — Accountability: Governance controls: Audit committee oversight not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 41/100.