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Warwick Valley Local Development Corporation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Neighborhood, Block Associations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$55.8k (2023)

Expenses
$483k (2023)

Total Assets
$605k (2023)

Total Liabilities
$76.7k (2023)

Source: Form 990 tax filings from 2013 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$55,828
Expenses
$482,767
Net Income
-$426,939
Net Assets
$528,533
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $55,828
100%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $605,251
Total Liabilities $76,718
Net Assets $528,533
Compensation
Key Employees and Officers Compensation Related Other
Michael Sweeton (Vice Presidents) $0 $0 $0
Michael Newhard (Secretary) $0 $0 $0
Lou Heimbach (Director) $0 $0 $0
Marie Corlett (Director) $0 $0 $0
Robert Krahulik (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$695,207
Expenses
$511,968
Net Income
$183,239
Net Assets
$955,472
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $695,207
100%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,032,190
Total Liabilities $76,718
Net Assets $955,472
Compensation
Key Employees and Officers Compensation Related Other
Michael Sweeton (Vice Presidents) $0 $0 $0
Michael Newhard (Secretary) $0 $0 $0
Lou Heimbach (Director) $0 $0 $0
Marie Corlett (Director) $0 $0 $0
Robert Krahulik (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,651,378
Expenses
$3,577,800
Net Income
$2,073,578
Net Assets
$772,233
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,697,406
47.7%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,945,972
34.4%
Net Inventory Sales $0
Other Revenue $1,008,000
17.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $848,951
Total Liabilities $76,718
Net Assets $772,233
Compensation
Key Employees and Officers Compensation Related Other
Michael Sweeton (Vice Presidents) $0 $0 $0
Michael Newhard (Secretary) $0 $0 $0
Lou Heimbach (Director) $0 $0 $0
Marie Corlett (Director) $0 $0 $0
Robert Krahulik (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$781,489
Expenses
$632,673
Net Income
$148,816
Net Assets
-$1,301,345
Notable Sources of Revenue Percent of Total Revenue
Contributions $257,684
33.0%
Program Services $450,000
57.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $71,709
9.2%
Net Inventory Sales $0
Other Revenue $2,096
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,608,731
Total Liabilities $2,910,076
Net Assets -$1,301,345
Compensation
Key Employees and Officers Compensation Related Other
Michael Sweeton (Vice Presidents) $0 $0 $0
Michael Newhard (Secretary) $0 $0 $0
Lou Heimbach (Director) $0 $0 $0
Marie Corlett (Director) $0 $0 $0
Robert Krahulik (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$182,565
Expenses
$778,590
Net Income
-$596,025
Net Assets
-$1,450,161
Notable Sources of Revenue Percent of Total Revenue
Contributions $44,910
24.6%
Program Services $2,000
1.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $135,655
74.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,921,446
Total Liabilities $3,371,607
Net Assets -$1,450,161
Compensation
Key Employees and Officers Compensation Related Other
Michael Sweeton (Vice Presidents) $0 $0 $0
Michael Newhard (Secretary) $0 $0 $0
Lou Heimbach (Director) $0 $0 $0
Marie Corlett (Director) $0 $0 $0
Robert Krahulik (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$473,034
Expenses
$204,626
Net Income
$268,408
Net Assets
-$854,136
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $473,034
100%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,633,900
Total Liabilities $2,488,036
Net Assets -$854,136
Compensation
Key Employees and Officers Compensation Related Other
Michael Sweeton (Vice Presidents) $0 $0 $0
Michael Newhard (Secretary) $0 $0 $0
Lou Heimbach (Director) $0 $0 $0
Marie Corlett (Director) $0 $0 $0
Robert Krahulik (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,548
Expenses
$107,813
Net Income
-$94,265
Net Assets
-$1,335,955
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,548
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,612,381
Total Liabilities $2,948,336
Net Assets -$1,335,955
Compensation
Key Employees and Officers Compensation Related Other
Michael Sweeton (Vice Presidents) $0 $0 $0
Michael Newhard (Secretary) $0 $0 $0
Maureen Halahan (Director) $0 $0 $0
Lou Heimbach (Director) $0 $0 $0
Marie Corlett (Director) $0 $0 $0
Robert Krahulik (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$590,050
Expenses
$298,444
Net Income
$291,606
Net Assets
-$1,473,937
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $28,214
4.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $561,836
95.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,450,977
Total Liabilities $2,924,914
Net Assets -$1,473,937
Compensation
Key Employees and Officers Compensation Related Other
Michael Sweeton (Vice Presidents) $0 $0 $0
Michael Newhard (Secretary) $0 $0 $0
Maureen Halahan (Director) $0 $0 $0
Lou Heimbach (Director) $0 $0 $0
Marie Corlett (Director) $0 $0 $0
Robert Krahulik (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$758,393
Expenses
$2,050,555
Net Income
-$1,292,162
Net Assets
-$1,765,543
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $369,076
48.7%
Net Fundraising $0
Sales of Assets $389,317
51.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,254,743
Total Liabilities $3,020,286
Net Assets -$1,765,543
Compensation
Key Employees and Officers Compensation Related Other
Michael Sweeton (Vice President) $0 $0 $0
Michael Newhard (Secretary) $0 $0 $0
Maureen Halahan (Director) $0 $0 $0
Lou Heimbach (Director) $0 $0 $0
Rick Struck (Director) $0 $0 $0
Marie Corlett (Director) $0 $0 $0
Robert Krahulik (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$112,211
Expenses
$436,604
Net Income
-$324,393
Net Assets
-$473,381
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $35,813
31.9%
Net Fundraising $0
Sales of Assets $76,398
68.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,037,869
Total Liabilities $2,511,250
Net Assets -$473,381
Compensation
Key Employees and Officers Compensation Related Other
Michael Sweeton (Vice President) $0 $0 $0
Michael Newhard (Secretary) $0 $0 $0
Maureen Halahan (Director) $0 $0 $0
Lou Heimbach (Director) $0 $0 $0
Rick Struck (Director) $0 $0 $0
Marie Corlett (Director) $0 $0 $0
Robert Krahulik (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$100,000
Expenses
$148,993
Net Income
-$48,993
Net Assets
-$148,989
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $100,000
100%
Assets/Debt
Total Assets $1,011
Total Liabilities $150,000
Net Assets -$148,989

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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