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        <OtherCostOrOtherBasis>531300</OtherCostOrOtherBasis>
        <Depreciation>444964</Depreciation>
        <BookValue>86336</BookValue>
      </Buildings>
      <LeaseholdImprovements>
        <OtherCostOrOtherBasis>3861755</OtherCostOrOtherBasis>
        <Depreciation>1610676</Depreciation>
        <BookValue>2251079</BookValue>
      </LeaseholdImprovements>
      <Equipment>
        <OtherCostOrOtherBasis>48106</OtherCostOrOtherBasis>
        <Depreciation>44877</Depreciation>
        <BookValue>3229</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>330793</OtherCostOrOtherBasis>
        <Depreciation>248097</Depreciation>
        <BookValue>82696</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>2628340</TotalOfBookValueLandBuildings>
      <OtherLiabilities>
        <Description>DUE HUD - LEASEHOLD IMP.</Description>
        <Amount>44</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>44</TotalOfAmounts>
      <TotalRevenue>846436</TotalRevenue>
      <TotalExpenses>678187</TotalExpenses>
      <ExcessOrDeficitForYear>168249</ExcessOrDeficitForYear>
      <ExcessOrDeficitPerFS>168249</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>846436</TotRevenueEtcAuditedFinclStmt>
      <RevenueSubtotal>846436</RevenueSubtotal>
      <TotalRevenuePerForm990>846436</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>678187</TotExpensesEtcAuditedFinclStmt>
      <ExpensesSubtotal>678187</ExpensesSubtotal>
      <TotalExpensesPerForm990>678187</TotalExpensesPerForm990>
    </IRS990ScheduleD>
    <IRS990ScheduleO documentId="RetDoc5">
      <GeneralExplanation>
        <Identifier>ORGANIZATION'S MISSION</Identifier>
        <ReturnReference>FORM 990 - ORGANIZATION'S MISSION</ReturnReference>
        <Explanation>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.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ORGANIZATION'S PROCESS USED TO REVIEW FORM 990</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 11B</ReturnReference>
        <Explanation>NO REVIEW WAS OR WILL BE CONDUCTED.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ENFORCEMENT OF CONFLICTS POLICY</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 12C</ReturnReference>
        <Explanation>ANNUAL REVIEW BY BOARD OF POTENTIAL CONFLICTS OF INTEREST</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION PROCESS FOR TOP OFFICIAL</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 15A</ReturnReference>
        <Explanation>SALARIES AND WAGES APPROVED BY THE BOARD</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION PROCESS FOR OFFICERS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 15B</ReturnReference>
        <Explanation>SALARIES AND WAGES APPROVED BY THE BOARD</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>GOVERNING DOCUMENTS DISCLOSURE EXPLANATION</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 19</ReturnReference>
        <Explanation>NO DOCUMENTS AVAILABLE TO THE PUBLIC</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>