WATERTOWN INDUSTRIAL CENTER LOCAL DEVELOPMENT CORPORATION: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: WATERTOWN INDUSTRIAL CENTER LOCAL DEVELOPMENT CORPORATION (EIN 16-1463095)
Tax period: 2011-07-01 to 2012-06-30
Filed: 2012-12-03
IRS object ID: 201213389349300421
Schema version: 2011v1.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-12-03T14:37:59-06:00	Timestamp
Tax Period End Date	2012-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	POULSEN & PODVIN CPA PC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	145 CLINTON ST STE 109	AddressLine1
City	WATERTOWN	City
State	NY	State
ZIP Code	136013621	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	161463095	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	WATERTOWN INDUSTRIAL CENTER	BusinessNameLine1
Business Name Line2	LOCAL DEVELOPMENT CORPORATION	BusinessNameLine2

Field	Value	IRS element (for citing)
Name Control	WATE	NameControl

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	800 STARBUCK AVENUE	AddressLine1
City	WATERTOWN	City
State	NY	State
ZIP Code	13601	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	DONALD W RUTHERFORD	Name
Title	PRESIDENT	Title
Date Signed	2012-11-15	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	BRUCE POULSEN	Name
Phone	3157885490	Phone
Date Prepared	2012-11-26	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Gross Receipts	846436	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	WWW.JCJDC.NET	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1994	YearFormation
State Legal Domicile	NY	StateLegalDomicile
Activity Or Mission Description	THE MISSION OF THE WATERTOWN INDUSTRIAL CENTER LOCAL DEVELOPMENT CORPORATION IS TO FACILITATE JOB CREATION AND RETENTION IN THE COMMUNITY BY PROVIDING ELIGIBLE BUSINESSES WITH SUITABLE LEASED FACILITIES AT RENTS AND UNDER CONDITIONS THAT HELP THEM SUCCEED.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	7	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	7	NbrIndependentVotingMembers
Total Nbr Employees	0	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	200000	ContributionsGrantsPriorYear
Contributions Grants Current Year	250000	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	503298	ProgramServiceRevenuePriorYear
Program Service Revenue CY	490824	ProgramServiceRevenueCY
Investment Income Prior Year	4188	InvestmentIncomePriorYear
Investment Income Current Year	2474	InvestmentIncomeCurrentYear
Other Revenue Prior Year	9633	OtherRevenuePriorYear
Other Revenue Current Year	103138	OtherRevenueCurrentYear
Total Revenue Prior Year	717119	TotalRevenuePriorYear
Total Revenue Current Year	846436	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Current Year	0	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	616254	OtherExpensePriorYear
Other Expenses Current Year	678187	OtherExpensesCurrentYear
Total Expenses Prior Year	616254	TotalExpensesPriorYear
Total Expenses Current Year	678187	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	100865	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	168249	RevenuesLessExpensesCY
Total Assets BOY	3148376	TotalAssetsBOY
Total Assets EOY	3439214	TotalAssetsEOY
Total Liabilities BOY	578338	TotalLiabilitiesBOY
Total Liabilities EOY	700927	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	2570038	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	2738287	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	THE MISSION OF THE WATERTOWN INDUSTRIAL CENTER LOCAL DEVELOPMENT CORPORATION IS TO FACILITATE JOB CREATION AND RETENTION IN THE COMMUNITY BY PROVIDING ELIGIBLE BUSINESSES WITH SUITABLE LEASED FACILITIES AT RENTS AND UNDER CONDITIONS THAT HELP THEM SUCCEED.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	630373	Expense
Description	RENTAL OF FACILITIES TO ELIGIBLE BUSINESSES	Description
Total Program Service Expense	630373	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	false	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	0	NumberOfEmployees
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	7	NbrVotingGoverningBodyMembers
Number Independent Voting Members	7	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	false	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	false	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	NY	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	LYLE EATON	NamePerson
Telephone Number	3157853242	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	800 STARBUCK AVE	AddressLine1
City	WATERTOWN	City
State	NY	State
ZIP Code	13601	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (7 entries)

TitleTitle	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
DONALD WRUTHERFORD
PRESIDENT	X	X	0	0	0
J PAUL MORGAN
VICE PRESIDE	X	X	0	0	0
NICKOLAS W DARLING
TREASURER	X	X	0	0	0
JOHN DOLDO JR
SECRETARY	X	X	0	0	0
CAROLYN D FITZPATRICK
	X		0	0	0
MICHELLE CAPONE
	X		0	0	0
W EDWARD WALLDROFF
	X		0	0	0

Field	Value	IRS element (for citing)
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
Government Grants	250000	GovernmentGrants
Total Contributions	250000	TotalContributions

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	RENTAL OF FACILITIES	Description
Total Revenue Column	490824	TotalRevenueColumn
Related Or Exempt Function Income	490824	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	490824	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	2474	TotalRevenueColumn
Exclusion	$2,474	ExclusionAmount

Other Revenue Misc OtherRevenueMisc (3 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	ExclusionExclusionAmount
INSURANCE SETTLEMENT	83514	$83,514
MISCELLANEOUS	18955	$18,955
LATE PAYMENT PENALTY	669	$669

Field	Value	IRS element (for citing)
Total Other Revenue	103138	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	846436	TotalRevenueColumn
Related Or Exempt Function Income	490824	RelatedOrExemptFunctionIncome
Exclusion	$105,612	ExclusionAmount

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	142047	Total
Program Services	142047	ProgramServices

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	7222	Total
Management And General	7222	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	3626	Total
Management And General	3626	ManagementAndGeneral

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	455	Total
Program Services	455	ProgramServices

Advertising Advertising

Field	Value	IRS element (for citing)
Total	11097	Total
Program Services	11097	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	6535	Total
Management And General	6535	ManagementAndGeneral

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	152538	Total
Program Services	152538	ProgramServices

Travel Travel

Field	Value	IRS element (for citing)
Total	1891	Total
Program Services	1891	ProgramServices

Interest Interest

Field	Value	IRS element (for citing)
Total	11611	Total
Program Services	11611	ProgramServices

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	50000	Total
Program Services	25000	ProgramServices
Management And General	25000	ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	200912	Total
Program Services	200912	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	58001	Total
Program Services	56159	ProgramServices
Management And General	1842	ManagementAndGeneral

Other Expenses OtherExpenses (3 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
REAL PROPERTY TAXES	28663	28663
BAD DEBT EXPENSE	2895		2895
MISCELLANEOUS	694		694

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	678187	Total
Program Services	630373	ProgramServices
Management And General	47814	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	38278	BOY
EOY	165379	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	693949	BOY
EOY	245650	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
EOY	250000	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	85940	BOY
EOY	83126	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	13483	BOY
EOY	14198	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	4976954	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	2348614	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	2234950	BOY
EOY	2628340	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	81776	BOY
EOY	52521	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	3148376	BOY
EOY	3439214	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	87653	BOY
EOY	13876	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	94013	BOY
EOY	58139	EOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

Field	Value	IRS element (for citing)
BOY	393878	BOY
EOY	628868	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	2794	BOY
EOY	44	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	578338	BOY
EOY	700927	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	2570038	BOY
EOY	2738287	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	2570038	BOY
EOY	2738287	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	3148376	BOY
EOY	3439214	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	168249	ReconcilationRevenueExpenses
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Consolidated	X	FinancialStatementConsolidated
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org509a2	X	PubliclySupportedOrg509a2

Gifts Grants Contrib Received509 GiftsGrantsContribReceived509

Field	Value	IRS element (for citing)
Current Tax Year Minus2 Years	10000	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	200000	CurrentTaxYearMinus1Year
Current Tax Year	250000	CurrentTaxYear
Total	460000	Total

Gross Receipts From Admissions GrossReceiptsFromAdmissions

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	444444	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	438082	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	499354	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	503298	CurrentTaxYearMinus1Year
Current Tax Year	490824	CurrentTaxYear
Total	2376002	Total

Total509 Total509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	444444	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	438082	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	509354	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	703298	CurrentTaxYearMinus1Year
Current Tax Year	740824	CurrentTaxYear
Total	2836002	Total

Field	Value	IRS element (for citing)
Public Support Total509	2836002	PublicSupportTotal509

Gross Investment Income509 GrossInvestmentIncome509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	41508	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	48255	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	12082	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	4188	CurrentTaxYearMinus1Year
Current Tax Year	2474	CurrentTaxYear
Total	108507	Total

Investment Income And UBTI InvestmentIncomeAndUBTI

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	41508	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	48255	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	12082	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	4188	CurrentTaxYearMinus1Year
Current Tax Year	2474	CurrentTaxYear
Total	108507	Total

Net Income From Other UBI NetIncomeFromOtherUBI

Field	Value	IRS element (for citing)
Current Tax Year Minus2 Years	8296	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	8633	CurrentTaxYearMinus1Year
Current Tax Year	102138	CurrentTaxYear
Total	119067	Total

Total Support Total TotalSupportTotal

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	485952	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	486337	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	529732	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	716119	CurrentTaxYearMinus1Year
Current Tax Year	845436	CurrentTaxYear
Total	3063576	Total

Field	Value	IRS element (for citing)
Public Support Percentage509	0.92570	PublicSupportPercentage509
Prior Year Support Percentage	0.93530	PriorYearSupportPercentage
Investment Income Percentage	0.04000	InvestmentIncomePercentage
Prior Yr Invest Income Percentage	0.06000	PriorYrInvestIncomePercentage
Thirty Three Percnt Tests CY509	X	ThirtyThreePercntTestsCY509

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	205000	OtherCostOrOtherBasis
Book Value	205000	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	531300	OtherCostOrOtherBasis
Depreciation	444964	Depreciation
Book Value	86336	BookValue

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	3861755	OtherCostOrOtherBasis
Depreciation	1610676	Depreciation
Book Value	2251079	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	48106	OtherCostOrOtherBasis
Depreciation	44877	Depreciation
Book Value	3229	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	330793	OtherCostOrOtherBasis
Depreciation	248097	Depreciation
Book Value	82696	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	2628340	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	DUE HUD - LEASEHOLD IMP.	Description
Amount	$44	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	44	TotalOfAmounts
Total Revenue	846436	TotalRevenue
Total Expenses	678187	TotalExpenses
Excess Or Deficit For Year	168249	ExcessOrDeficitForYear
Excess Or Deficit Per FS	168249	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	846436	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	846436	RevenueSubtotal
Total Revenue Per Form990	846436	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	678187	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	678187	ExpensesSubtotal
Total Expenses Per Form990	678187	TotalExpensesPerForm990

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ORGANIZATION'S MISSION	FORM 990 - ORGANIZATION'S MISSION	THE MISSION OF THE WATERTOWN INDUSTRIAL CENTER LOCAL DEVELOPMENT CORPORATION IS TO FACILITATE JOB CREATION AND RETENTION IN THE COMMUNITY BY PROVIDING ELIGIBLE BUSINESSES WITH SUITABLE LEASED FACILITIES AT RENTS AND UNDER CONDITIONS THAT HELP THEM SUCCEED.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	NO REVIEW WAS OR WILL BE CONDUCTED.
ENFORCEMENT OF CONFLICTS POLICY	FORM 990, PAGE 6, PART VI, LINE 12C	ANNUAL REVIEW BY BOARD OF POTENTIAL CONFLICTS OF INTEREST
COMPENSATION PROCESS FOR TOP OFFICIAL	FORM 990, PAGE 6, PART VI, LINE 15A	SALARIES AND WAGES APPROVED BY THE BOARD
COMPENSATION PROCESS FOR OFFICERS	FORM 990, PAGE 6, PART VI, LINE 15B	SALARIES AND WAGES APPROVED BY THE BOARD
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	NO DOCUMENTS AVAILABLE TO THE PUBLIC

WATERTOWN INDUSTRIAL CENTER LOCAL DEVELOPMENT CORPORATION: Form 990, tax year 2011

Return header ReturnHeader

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Preparer Firm US Address PreparerFirmUSAddress

Filer Filer

Name Name

US Address USAddress

Officer Officer

Preparer Preparer

Form 990 IRS990

The Books Are In Care Of TheBooksAreInCareOf

Address US AddressUS

Form990 Part VII Section A Form990PartVIISectionA (7 entries)

Program Service Revenue ProgramServiceRevenue

Investment Income InvestmentIncome

Other Revenue Misc OtherRevenueMisc (3 entries)

Total Revenue TotalRevenue

Fees For Services Management FeesForServicesManagement

Fees For Services Legal FeesForServicesLegal

Fees For Services Accounting FeesForServicesAccounting

Fees For Services Other FeesForServicesOther

Advertising Advertising

Office Expenses OfficeExpenses

Occupancy Occupancy

Travel Travel

Interest Interest

Payments To Affiliates PaymentsToAffiliates

Depreciation Depletion DepreciationDepletion

Insurance Insurance

Other Expenses OtherExpenses (3 entries)

Total Functional Expenses TotalFunctionalExpenses

Cash Non Interest Bearing CashNonInterestBearing

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Pledges And Grants Receivable PledgesAndGrantsReceivable

Accounts Receivable AccountsReceivable

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Other Assets Total OtherAssetsTotal

Total Assets TotalAssets

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Deferred Revenue DeferredRevenue

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

Other Liabilities OtherLiabilities

Total Liabilities TotalLiabilities

Unrestricted Net Assets UnrestrictedNetAssets

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Schedule A IRS990ScheduleA

Gifts Grants Contrib Received509 GiftsGrantsContribReceived509

Gross Receipts From Admissions GrossReceiptsFromAdmissions

Total509 Total509

Gross Investment Income509 GrossInvestmentIncome509

Investment Income And UBTI InvestmentIncomeAndUBTI

Net Income From Other UBI NetIncomeFromOtherUBI

Total Support Total TotalSupportTotal

Schedule D IRS990ScheduleD

Land Land

Buildings Buildings

Leasehold Improvements LeaseholdImprovements

Equipment Equipment

Other Land Buildings OtherLandBuildings

Other Liabilities OtherLiabilities

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

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