2021-08-16T12:12:03-05:00 2020-09-30 454051133 FREED MAXICK CPAS PC ONE EVANS STREET BATAVIA NY 140203110 990 2019-10-01 222559522 ROCHESTER ECONOMIC DEVELOPMENT CORPORATION ROCH 5859210500 55-57 ST PAUL STREET ROCHESTER NY 14604 KEITH CLEARY TREASURER 5859210500 2021-08-12 1 NICOLE M WHITE P01599383 5853441967 2021-08-12 2019 2022-09-23 18:48:47Z KEITH CLEARY 55-57 ST PAUL STREET ROCHESTER NY 14604 434623 0 X WWW.REDCOROC.COM X 1983 NY ROCHESTER ECONOMIC DEVELOPMENT CORPORATION WAS FORMED FOR THE PURPOSE OF CREATING EMPLOYMENT OPPORTUNITIES, PARTICULARLY FOR LOW AND MODERATE INCOME PERSONS, THEREBY IMPROVING THE QUALITY AND CONDITION OF LIFE IN THE CITY OF ROCHESTER, NY. 11 11 0 11 0 0 0 212000 283934 216591 1826814 6032 0 0 2110748 434623 150000 1647000 0 0 0 328422 0 0 0 290795 275100 440795 2250522 1669953 -1815899 16618422 16814300 197756 2209533 16420666 14604767 WE CREATE EQUITABLE NEIGHBORHOOD WEALTH FOR EXISTING AND NEW BUSINESSES THROUGH STRATEGIC ECONOMIC DEVELOPMENT. 0 0 2250522 1647000 216591 TO REDUCE WEALTH DISPARITIES IN MIDDLE INCOME AND POOR ROCHESTER NEIGHBORHOODS BY CREATING AND SUPPORTING LOCALLY OWNED MICRO AND SMALL NEIGHBORHOOD BUSINESSES AND URBAN ENTREPRENEURS. 2250522 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 1 0 1 1 0 0 1 0 0 0 0 0 0 NY X KEITH CLEARY 5859210500 55-57 ST PAUL STREET ROCHESTER NY 14604 X DANA MILLER CHAIR 1.00 X X 0 0 0 DR DT OGILVIE VICE CHAIR 1.00 X X 0 0 0 KEITH CLEARY TREASURER 1.00 X X 0 0 0 MICHAEL PATTERSON SECRETARY 1.00 X X 0 0 0 TOM ARGUST BOARD MEMBER 1.00 X 0 0 0 SERGIO ESTEBAN BOARD MEMBER 1.00 X 0 0 0 GREGORY EWING BOARD MEMBER 1.00 X 0 0 0 MATTHEW KUHLENBECK BOARD MEMBER 1.00 X 0 0 0 JESSICA LEWIS BOARD MEMBER 1.00 X 0 0 0 WILLIE LIGHTFOOT BOARD MEMBER 1.00 X 0 0 0 TONY SMITH BOARD MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 212000 212000 INTEREST ON NOTE RECEI 523000 154639 154639 RENTAL INCOME 531120 31500 31500 SERVICE FEE 900099 30452 30452 216591 6032 6032 434623 216591 0 6032 1647000 1647000 256991 256991 71431 71431 43432 43432 20097 20097 69844 69844 19816 19816 23475 23475 2595 2595 4498 4498 2181 2181 57000 57000 8398 8398 TRAINING 17911 17911 DUES & SUBSCRIPTIONS 4287 4287 MEALS 931 931 BANK CHARGES 635 635 2250522 2250522 0 0 10406203 9480784 91085 3610 5675534 5333222 2333084 336400 445600 1996684 16618422 16814300 10756 109033 187000 2100500 197756 2209533 X 4442856 5699517 11977810 8905250 16420666 14604767 16618422 16814300 -1815899 0 X X 0 1 X 1 0 X X 1 CITY OF ROCHESTER 166002551 8 1 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART IV, SECTION B, LINE 1: OTHER THAN THE EX-OFFICIO MEMBERS REQUIRED BY THE ORGANIZATION'S BY-LAWS, ALL MEMBERS MUST BE APPROVED BY THE ROCHESTER ECONOMIC DEVELOPMENT CORPORATION. THE CITY OF ROCHESTER DOES NOT HAVE THE POWER TO ELECT OR APPOINT MEMBERS TO THE BOARD. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 90000 90000 2215000 336400 1878600 7453 7453 20631 20631 1996684 X 434623 0 434623 0 434623 2250522 0 2250522 0 2250522 PART X, LINE 2: THE CORPORATION IS A PUBLIC BENEFIT CORPORATION OF THE STATE OF NEW YORK AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 115 OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE ON THE ACCOMPANYING FINANCIAL STATEMENTS. 0 LAMARKETA THE INTERNATIONAL PLAZA 828 N CLINTON AVE ROCHESTER NY 14605 1300000 RENOVATION AND EQUIPMENT CALIFORNIA ROLLIN 1000 N RIVER ROAD ROCHESTER NY 14612 10000 RENOVATIONS AND FF&E JETTY INC 1000 N RIVER ROAD ROCHESTER NY 14612 50000 RENOVATIONS AND FF&E VARGAS ASSOCIATES INC 40 HUMBOLDT STREET ROCHESTER NY 14609 25000 RENOVATIONS ,BUILDOUT, FF&E PUBLIC MARKET 280 UNION ST N ROCHESTER NY 14609 50000 TO HELP THE LOCAL FARMERS WITH THEIR LICENSE BILLS OFFICE OF COMMUNITY WEALTH BUILDING 30 CHURCH STREET ROCHESTER NY 14614 50000 FINANCIAL EMPOWERMENT PROGRAM OFFICE OF COMMUNITY WEALTH BUILDING - RIT 30 CHURCH STREET ROCHESTER NY 14614 112000 FINANCIAL EMPOWERMENT PROGRAM OFFICE OF PLANNING & ZONING 30 CHURCH STREET ROCHESTER NY 14614 50000 GRANT RECEIVED FROM ESL FORM 990, PART VI, SECTION A, LINE 7A ROCHESTER ECONOMIC DEVELOPMENT CORPORATION HAS 11 MEMBERS WHO ELECT THE DIRECTORS TO THEIR POSITIONS. FORM 990, PART VI, SECTION B, LINE 11B THE GOVERNING BODY RECEIVES A COPY OF THE 990 FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND AT WWW.REDCOROC.COM PART XII, LINE 2C THE BOARD ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT, OF WHICH, THE OVERSIGHT PROCESS AND THE SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.