﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2010v3.4">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2011-10-19T09:46:13-05:00</Timestamp>
    <TaxPeriodEndDate>2011-06-30</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>POULSEN &amp; PODVIN CPA PC</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>145 CLINTON ST STE 109</AddressLine1>
        <City>WATERTOWN</City>
        <State>NY</State>
        <ZIPCode>136013621</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990</ReturnType>
    <TaxPeriodBeginDate>2010-07-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>161463095</EIN>
      <Name>
        <BusinessNameLine1>WATERTOWN INDUSTRIAL CENTER</BusinessNameLine1>
        <BusinessNameLine2>LOCAL DEVELOPMENT CORPORATION</BusinessNameLine2>
      </Name>
      <NameControl>WATE</NameControl>
      <USAddress>
        <AddressLine1>800 STARBUCK AVENUE</AddressLine1>
        <City>WATERTOWN</City>
        <State>NY</State>
        <ZIPCode>13601</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>DONALD W RUTHERFORD</Name>
      <Title>PRESIDENT</Title>
      <DateSigned>2011-09-19</DateSigned>
    </Officer>
    <Preparer>
      <Name>BRUCE POULSEN</Name>
      <Phone>3157885490</Phone>
      <DatePrepared>2011-10-04</DatePrepared>
    </Preparer>
    <TaxYear>2010</TaxYear>
    <BuildTS>2016-03-07 17:11:31Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="4">
    <IRS990 documentId="RetDoc4" referenceDocumentId="RetDoc5">
      <GrossReceipts>717119</GrossReceipts>
      <GroupReturnForAffiliates>false</GroupReturnForAffiliates>
      <Organization501c3>X</Organization501c3>
      <WebSite>WWW.JCJDC.NET</WebSite>
      <TypeOfOrganizationCorporation>X</TypeOfOrganizationCorporation>
      <YearFormation>1994</YearFormation>
      <StateLegalDomicile>NY</StateLegalDomicile>
      <ActivityOrMissionDescription>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>
      <NbrVotingMembersGoverningBody>8</NbrVotingMembersGoverningBody>
      <NbrIndependentVotingMembers>8</NbrIndependentVotingMembers>
      <TotalNbrEmployees>0</TotalNbrEmployees>
      <TotalGrossUBI>0</TotalGrossUBI>
      <ContributionsGrantsPriorYear>10000</ContributionsGrantsPriorYear>
      <ContributionsGrantsCurrentYear>200000</ContributionsGrantsCurrentYear>
      <ProgramServiceRevenuePriorYear>499354</ProgramServiceRevenuePriorYear>
      <ProgramServiceRevenueCY>503298</ProgramServiceRevenueCY>
      <InvestmentIncomePriorYear>12082</InvestmentIncomePriorYear>
      <InvestmentIncomeCurrentYear>4188</InvestmentIncomeCurrentYear>
      <OtherRevenuePriorYear>9296</OtherRevenuePriorYear>
      <OtherRevenueCurrentYear>9633</OtherRevenueCurrentYear>
      <TotalRevenuePriorYear>530732</TotalRevenuePriorYear>
      <TotalRevenueCurrentYear>717119</TotalRevenueCurrentYear>
      <GrantsAndSimilarAmntsCY>0</GrantsAndSimilarAmntsCY>
      <BenefitsPaidToMembersCY>0</BenefitsPaidToMembersCY>
      <SalariesEtcCurrentYear>0</SalariesEtcCurrentYear>
      <TotalProfFundrsngExpCY>0</TotalProfFundrsngExpCY>
      <TotalFundrsngExpCurrentYear>0</TotalFundrsngExpCurrentYear>
      <OtherExpensePriorYear>590804</OtherExpensePriorYear>
      <OtherExpensesCurrentYear>616254</OtherExpensesCurrentYear>
      <TotalExpensesPriorYear>590804</TotalExpensesPriorYear>
      <TotalExpensesCurrentYear>616254</TotalExpensesCurrentYear>
      <RevenuesLessExpensesPriorYear>-60072</RevenuesLessExpensesPriorYear>
      <RevenuesLessExpensesCY>100865</RevenuesLessExpensesCY>
      <TotalAssetsBOY>2635257</TotalAssetsBOY>
      <TotalAssetsEOY>3148376</TotalAssetsEOY>
      <TotalLiabilitiesBOY>166084</TotalLiabilitiesBOY>
      <TotalLiabilitiesEOY>578338</TotalLiabilitiesEOY>
      <NetAssetsOrFundBalancesBOY>2469173</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>2570038</NetAssetsOrFundBalancesEOY>
      <InfoInScheduleOPartIII>X</InfoInScheduleOPartIII>
      <MissionDescription>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>
      <SignificantNewProgramServices>false</SignificantNewProgramServices>
      <SignificantChange>false</SignificantChange>
      <Expense>568524</Expense>
      <Description>RENTAL OF FACILITIES TO ELIGIBLE BUSINESSES</Description>
      <TotalProgramServiceExpense>568524</TotalProgramServiceExpense>
      <DescribedIn501C3 referenceDocumentId="RetDoc2">true</DescribedIn501C3>
      <ScheduleBRequired>false</ScheduleBRequired>
      <PoliticalActivities>false</PoliticalActivities>
      <LobbyingActivities>false</LobbyingActivities>
      <SubjectToProxyTax>false</SubjectToProxyTax>
      <DonorAdvisedFunds referenceDocumentId="RetDoc3">false</DonorAdvisedFunds>
      <ConservationEasements referenceDocumentId="RetDoc3">false</ConservationEasements>
      <CollectionsOfArt referenceDocumentId="RetDoc3">false</CollectionsOfArt>
      <CreditCounseling referenceDocumentId="RetDoc3">false</CreditCounseling>
      <TermOrPermanentEndowments referenceDocumentId="RetDoc3">false</TermOrPermanentEndowments>
      <ReportLandBldgEquip referenceDocumentId="RetDoc3">true</ReportLandBldgEquip>
      <ReportInvestOthSecurities referenceDocumentId="RetDoc3">false</ReportInvestOthSecurities>
      <ReportProgRelInvest referenceDocumentId="RetDoc3">false</ReportProgRelInvest>
      <ReportOtherAssets referenceDocumentId="RetDoc3">false</ReportOtherAssets>
      <ReportOtherLiabilities referenceDocumentId="RetDoc3">true</ReportOtherLiabilities>
      <ReportFin48Footnote referenceDocumentId="RetDoc3">false</ReportFin48Footnote>
      <IndependentAuditFinancialStmt referenceDocumentId="RetDoc3">true</IndependentAuditFinancialStmt>
      <ConsolidatedAuditFinancialStmt referenceDocumentId="RetDoc3">false</ConsolidatedAuditFinancialStmt>
      <School>false</School>
      <ForeignOffice>false</ForeignOffice>
      <ForeignActivities>false</ForeignActivities>
      <MoreThan5000KToOrganizations>false</MoreThan5000KToOrganizations>
      <MoreThan5000KToIndividuals>false</MoreThan5000KToIndividuals>
      <ProfessionalFundraising>false</ProfessionalFundraising>
      <FundraisingActivities>false</FundraisingActivities>
      <Gaming>false</Gaming>
      <Hospital>false</Hospital>
      <GrantsToOrganizations>false</GrantsToOrganizations>
      <GrantsToIndividuals>false</GrantsToIndividuals>
      <ScheduleJRequired>false</ScheduleJRequired>
      <TaxExemptBonds>false</TaxExemptBonds>
      <ExcessBenefitTransaction>false</ExcessBenefitTransaction>
      <PriorExcessBenefitTransaction>false</PriorExcessBenefitTransaction>
      <LoanToOfficerOrDQP>false</LoanToOfficerOrDQP>
      <GrantToRelatedPerson>false</GrantToRelatedPerson>
      <BsnssRltnshpWithOrganization>false</BsnssRltnshpWithOrganization>
      <BsnssRltnshpThruFamilyMember>false</BsnssRltnshpThruFamilyMember>
      <OfficerEntityWithBsnssRltnshp>false</OfficerEntityWithBsnssRltnshp>
      <DeductibleNonCashContributions>false</DeductibleNonCashContributions>
      <DeductibleContributionsOfArt>false</DeductibleContributionsOfArt>
      <Terminated>false</Terminated>
      <PartialLiquidation>false</PartialLiquidation>
      <DisregardedEntity>false</DisregardedEntity>
      <RelatedEntity>false</RelatedEntity>
      <RelatedOrgControlledEntity>false</RelatedOrgControlledEntity>
      <TransactionRelatedEntity>false</TransactionRelatedEntity>
      <TransfersToExemptNonChrtblOrg>false</TransfersToExemptNonChrtblOrg>
      <ActivitiesConductedPartnership>false</ActivitiesConductedPartnership>
      <ScheduleORequired>false</ScheduleORequired>
      <NumberFormsTransmittedWith1096>0</NumberFormsTransmittedWith1096>
      <NumberW2GIncluded>0</NumberW2GIncluded>
      <NumberOfEmployees>0</NumberOfEmployees>
      <UnrelatedBusinessIncome>false</UnrelatedBusinessIncome>
      <ForeignFinancialAccount>false</ForeignFinancialAccount>
      <ProhibitedTaxShelterTrans>false</ProhibitedTaxShelterTrans>
      <TaxablePartyNotification>false</TaxablePartyNotification>
      <NonDeductibleContributions>false</NonDeductibleContributions>
      <IndoorTanningServices>false</IndoorTanningServices>
      <InfoInScheduleOPartVI>X</InfoInScheduleOPartVI>
      <NbrVotingGoverningBodyMembers>8</NbrVotingGoverningBodyMembers>
      <NumberIndependentVotingMembers>8</NumberIndependentVotingMembers>
      <FamilyOrBusinessRelationship>false</FamilyOrBusinessRelationship>
      <DelegationOfManagementDuties>false</DelegationOfManagementDuties>
      <ChangesToOrganizingDocs>false</ChangesToOrganizingDocs>
      <MaterialDiversionOrMisuse>false</MaterialDiversionOrMisuse>
      <MembersOrStockholders>false</MembersOrStockholders>
      <ElectionOfBoardMembers>false</ElectionOfBoardMembers>
      <DecisionsSubjectToApproval>false</DecisionsSubjectToApproval>
      <MinutesOfGoverningBody>true</MinutesOfGoverningBody>
      <MinutesOfCommittees>true</MinutesOfCommittees>
      <OfficerMailingAddress>false</OfficerMailingAddress>
      <LocalChapters>false</LocalChapters>
      <Form990ProvidedToGoverningBody>false</Form990ProvidedToGoverningBody>
      <ConflictOfInterestPolicy>true</ConflictOfInterestPolicy>
      <AnnualDisclosureCoveredPersons>false</AnnualDisclosureCoveredPersons>
      <RegularMonitoringEnforcement>true</RegularMonitoringEnforcement>
      <WhistleblowerPolicy>true</WhistleblowerPolicy>
      <DocumentRetentionPolicy>false</DocumentRetentionPolicy>
      <CompensationProcessCEO>true</CompensationProcessCEO>
      <CompensationProcessOther>true</CompensationProcessOther>
      <InvestmentInJointVenture>false</InvestmentInJointVenture>
      <StatesWhereCopyOfReturnIsFiled>NY</StatesWhereCopyOfReturnIsFiled>
      <UponRequest>X</UponRequest>
      <TheBooksAreInCareOf>
        <NamePerson>LYLE EATON</NamePerson>
        <TelephoneNumber>3157853242</TelephoneNumber>
        <AddressUS>
          <AddressLine1>800 STARBUCK AVE</AddressLine1>
          <City>WATERTOWN</City>
          <State>NY</State>
          <ZIPCode>13601</ZIPCode>
        </AddressUS>
      </TheBooksAreInCareOf>
      <NoListedPersonsCompensated>X</NoListedPersonsCompensated>
      <Form990PartVIISectionA>
        <NamePerson>DONALD WRUTHERFORD</NamePerson>
        <Title>PRESIDENT</Title>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>WILLIAM H FULKERSON</NamePerson>
        <Title>VICE PRES</Title>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>NICKOLAS W DARLING</NamePerson>
        <Title>TREASURER</Title>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JOHN DOLDO JR</NamePerson>
        <Title>SECRETARY</Title>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>CAROLYN D FITZPATRICK</NamePerson>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>J PAUL MORGAN</NamePerson>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>KEVIN JORDAN</NamePerson>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DONALD C ALEXANDER</NamePerson>
        <Title>ASST SECRETA</Title>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <FormersListed>false</FormersListed>
      <TotalCompGT150K>false</TotalCompGT150K>
      <CompensationFromOtherSources>false</CompensationFromOtherSources>
      <AllOtherContributions>200000</AllOtherContributions>
      <TotalContributions>200000</TotalContributions>
      <ProgramServiceRevenue>
        <Description>RENTAL OF FACILITIES</Description>
        <TotalRevenueColumn>503298</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>503298</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <TotalProgramServiceRevenue>503298</TotalProgramServiceRevenue>
      <InvestmentIncome>
        <TotalRevenueColumn>4188</TotalRevenueColumn>
        <ExclusionAmount>4188</ExclusionAmount>
      </InvestmentIncome>
      <OtherRevenueMisc>
        <Description>LATE PAYMENT PENALTY</Description>
        <TotalRevenueColumn>7888</TotalRevenueColumn>
        <ExclusionAmount>7888</ExclusionAmount>
      </OtherRevenueMisc>
      <OtherRevenueMisc>
        <Description>EXTRA-ORDINARY</Description>
        <TotalRevenueColumn>1407</TotalRevenueColumn>
        <ExclusionAmount>1407</ExclusionAmount>
      </OtherRevenueMisc>
      <OtherRevenueMisc>
        <Description>MISCELLANEOUS</Description>
        <TotalRevenueColumn>338</TotalRevenueColumn>
        <ExclusionAmount>338</ExclusionAmount>
      </OtherRevenueMisc>
      <TotalOtherRevenue>9633</TotalOtherRevenue>
      <TotalRevenue>
        <TotalRevenueColumn>717119</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>503298</RelatedOrExemptFunctionIncome>
        <ExclusionAmount>13821</ExclusionAmount>
      </TotalRevenue>
      <FeesForServicesManagement>
        <Total>115855</Total>
        <ProgramServices>115855</ProgramServices>
      </FeesForServicesManagement>
      <FeesForServicesLegal>
        <Total>12500</Total>
        <ManagementAndGeneral>12500</ManagementAndGeneral>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>3480</Total>
        <ManagementAndGeneral>3480</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <FeesForServicesOther>
        <Total>781</Total>
        <ProgramServices>781</ProgramServices>
      </FeesForServicesOther>
      <Advertising>
        <Total>7406</Total>
        <ProgramServices>7406</ProgramServices>
      </Advertising>
      <OfficeExpenses>
        <Total>4249</Total>
        <ManagementAndGeneral>4249</ManagementAndGeneral>
      </OfficeExpenses>
      <Occupancy>
        <Total>156251</Total>
        <ProgramServices>156251</ProgramServices>
      </Occupancy>
      <Travel>
        <Total>1800</Total>
        <ProgramServices>1800</ProgramServices>
      </Travel>
      <Interest>
        <Total>5969</Total>
        <ProgramServices>5969</ProgramServices>
      </Interest>
      <PaymentsToAffiliates>
        <Total>50000</Total>
        <ProgramServices>25000</ProgramServices>
        <ManagementAndGeneral>25000</ManagementAndGeneral>
      </PaymentsToAffiliates>
      <DepreciationDepletion>
        <Total>179076</Total>
        <ProgramServices>179076</ProgramServices>
      </DepreciationDepletion>
      <Insurance>
        <Total>55664</Total>
        <ProgramServices>53822</ProgramServices>
        <ManagementAndGeneral>1842</ManagementAndGeneral>
      </Insurance>
      <OtherExpenses>
        <Description>REAL PROPERTY TAXES</Description>
        <Total>22564</Total>
        <ProgramServices>22564</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>MISCELLANEOUS</Description>
        <Total>659</Total>
        <ManagementAndGeneral>659</ManagementAndGeneral>
      </OtherExpenses>
      <TotalFunctionalExpenses>
        <Total>616254</Total>
        <ProgramServices>568524</ProgramServices>
        <ManagementAndGeneral>47730</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>95118</BOY>
        <EOY>38278</EOY>
      </CashNonInterestBearing>
      <SavingsAndTempCashInvestments>
        <BOY>822948</BOY>
        <EOY>693949</EOY>
      </SavingsAndTempCashInvestments>
      <AccountsReceivable>
        <BOY>36628</BOY>
        <EOY>85940</EOY>
      </AccountsReceivable>
      <PrepaidExpensesDeferredCharges>
        <BOY>13291</BOY>
        <EOY>13483</EOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>4382653</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>2147703</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>1546274</BOY>
        <EOY>2234950</EOY>
      </LandBuildingsEquipmentBasisNet>
      <OtherAssetsTotal>
        <BOY>120998</BOY>
        <EOY>81776</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>2635257</BOY>
        <EOY>3148376</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>31173</BOY>
        <EOY>87653</EOY>
      </AccountsPayableAccruedExpenses>
      <DeferredRevenue>
        <BOY>134878</BOY>
        <EOY>94013</EOY>
      </DeferredRevenue>
      <UnsecuredNotesLoansPayable>
        <EOY>393878</EOY>
      </UnsecuredNotesLoansPayable>
      <OtherLiabilities>
        <BOY>33</BOY>
        <EOY>2794</EOY>
      </OtherLiabilities>
      <TotalLiabilities>
        <BOY>166084</BOY>
        <EOY>578338</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>2469173</BOY>
        <EOY>2570038</EOY>
      </UnrestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>2469173</BOY>
        <EOY>2570038</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>2635257</BOY>
        <EOY>3148376</EOY>
      </TotalLiabNetAssetsFundBalances>
      <ReconcilationRevenueExpenses>100865</ReconcilationRevenueExpenses>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <AuditCommittee>true</AuditCommittee>
      <FinancialStatementConsolidated>X</FinancialStatementConsolidated>
      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc2">
      <PubliclySupportedOrg509a2>X</PubliclySupportedOrg509a2>
      <GiftsGrantsContribReceived509>
        <CurrentTaxYearMinus1Year>10000</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>200000</CurrentTaxYear>
        <Total>210000</Total>
      </GiftsGrantsContribReceived509>
      <GrossReceiptsFromAdmissions>
        <CurrentTaxYearMinus4Years>447397</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>444444</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>438082</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>499354</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>503298</CurrentTaxYear>
        <Total>2332575</Total>
      </GrossReceiptsFromAdmissions>
      <Total509>
        <CurrentTaxYearMinus4Years>447397</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>444444</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>438082</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>509354</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>703298</CurrentTaxYear>
        <Total>2542575</Total>
      </Total509>
      <PublicSupportTotal509>2542575</PublicSupportTotal509>
      <GrossInvestmentIncome509>
        <CurrentTaxYearMinus4Years>52943</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>41508</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>48255</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>12082</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>4188</CurrentTaxYear>
        <Total>158976</Total>
      </GrossInvestmentIncome509>
      <InvestmentIncomeAndUBTI>
        <CurrentTaxYearMinus4Years>52943</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>41508</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>48255</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>12082</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>4188</CurrentTaxYear>
        <Total>158976</Total>
      </InvestmentIncomeAndUBTI>
      <NetIncomeFromOtherUBI>
        <CurrentTaxYearMinus1Year>8296</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>8633</CurrentTaxYear>
        <Total>16929</Total>
      </NetIncomeFromOtherUBI>
      <TotalSupportTotal>
        <CurrentTaxYearMinus4Years>500340</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>485952</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>486337</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>529732</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>716119</CurrentTaxYear>
        <Total>2718480</Total>
      </TotalSupportTotal>
      <PublicSupportPercentage509>0.93530</PublicSupportPercentage509>
      <PriorYearSupportPercentage>0.91850</PriorYearSupportPercentage>
      <InvestmentIncomePercentage>0.06000</InvestmentIncomePercentage>
      <PriorYrInvestIncomePercentage>0.08000</PriorYrInvestIncomePercentage>
      <ThirtyThreePercntTestsCY509>X</ThirtyThreePercntTestsCY509>
    </IRS990ScheduleA>
    <IRS990ScheduleD documentId="RetDoc3">
      <DisclosedOrgsLegalControl>false</DisclosedOrgsLegalControl>
      <DisclosedForCharitablePurposes>false</DisclosedForCharitablePurposes>
      <WrittenPolicyMonitoring>false</WrittenPolicyMonitoring>
      <Sect170hRequirementsSatisfied>false</Sect170hRequirementsSatisfied>
      <SolicitedAssetsForSale>false</SolicitedAssetsForSale>
      <AgentTrusteeEtc>false</AgentTrusteeEtc>
      <IncludedOnFS>false</IncludedOnFS>
      <EndowmentsHeldByUnrelatedOrgs>false</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
      <AreRelatedOrgsListedScheduleR>false</AreRelatedOrgsListedScheduleR>
      <Land>
        <OtherCostOrOtherBasis>205000</OtherCostOrOtherBasis>
        <BookValue>205000</BookValue>
      </Land>
      <Buildings>
        <OtherCostOrOtherBasis>531300</OtherCostOrOtherBasis>
        <Depreciation>418399</Depreciation>
        <BookValue>112901</BookValue>
      </Buildings>
      <LeaseholdImprovements>
        <OtherCostOrOtherBasis>3177097</OtherCostOrOtherBasis>
        <Depreciation>1454234</Depreciation>
        <BookValue>1722863</BookValue>
      </LeaseholdImprovements>
      <Equipment>
        <OtherCostOrOtherBasis>48106</OtherCostOrOtherBasis>
        <Depreciation>43512</Depreciation>
        <BookValue>4594</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>421150</OtherCostOrOtherBasis>
        <Depreciation>231558</Depreciation>
        <BookValue>189592</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>2234950</TotalOfBookValueLandBuildings>
      <OtherLiabilities>
        <Description>DUE HUD - LEASEHOLD IMP.</Description>
        <Amount>2794</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>2794</TotalOfAmounts>
      <TotalRevenue>717119</TotalRevenue>
      <TotalExpenses>616254</TotalExpenses>
      <ExcessOrDeficitForYear>100865</ExcessOrDeficitForYear>
      <ExcessOrDeficitPerFS>100865</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>717119</TotRevenueEtcAuditedFinclStmt>
      <RevenueSubtotal>717119</RevenueSubtotal>
      <TotalRevenuePerForm990>717119</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>616254</TotExpensesEtcAuditedFinclStmt>
      <ExpensesSubtotal>616254</ExpensesSubtotal>
      <TotalExpensesPerForm990>616254</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>