Prattsville Local Development Corporation

Nonprofit profile at a glance

EIN
455288570
IRS 990-EZ coverage
2017–2019
Forms available
Form 990-EZ 2019
Location
Prattsville, NY, USA
Phone
5182993125
Rating
48
Verdict
MIXED
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Reported finances

Revenue
$123,979
Expenses
$21,663
Assets
$188,362
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

5 people listed

People named in this filing

  • Kevin Piccoli (Chairman)
  • Kristin Tompkins (Director)
  • Al Creazzo (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-EZ. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide administrative support to the Town in applying for and administering grants. The Town was destroyed by Hurricane Irene in 2011 and the Corporation as formed by volunteers to assist the business and residents in their rebuilding efforts. Donations are being received for the purchase of medical equipment for a new health clinic in Town which will be built in 2020.

What it reported doing in 2019

The Corporation successfully assisted the Town in administering a number of grants. We assisted in the building of the exercise trail for seniors, installing a new picnic pavilion, worked with a developer to come to Town and build flood safe homes for seniors and low income families and the development of the regional health center. All work was done by volunteers at no cost to the Town or the Corporation. This year we are in the process of raising funds to purchase medical equipment for a new health center in Town. the equipment will be purchased in 2020 when the health center is built.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 100
  • Sustainability: 93
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 82.5%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 8.7; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 83; 83rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 65; 65th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 87% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 102.9% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2017 to 2019
  • Contacts: How to reach this organization
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.