Watertown Local Development Corporation
Watertown Local Development Corporation
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About this organization
Mission
The organization's mission is to foster an environment of cooperation between the city government, economic development agencies and the private sector with the goal of promoting economic expansion and prosperity in the city of Watertown. Moreover, the organization uses financial resources to leverage other investments, with the goal of job creation, retention and elimination of blight.
About
Local development program to relieve and reduce unemployment, promote additional employment opportunities, and instruct and train individuals through loans/grants to area businesses.
Interesting data from their 2019 990 filing
The purpose of the non-profit is listed in the filing as “The organization's mission is to foster an environment of cooperation between the city government, economic development agencies and the private sector with the goal of promoting economic expansion and prosperity in the city of watertown. moreover, the organization uses financial resources to leverage other investments, with the goal of job creation, retention and elimination of blight.”.
When discussing its operations, they were characterized as: “The organization's mission is to foster an environment of cooperation between the city government, economic development agencies and the private sector with the goal of promoting economic expansion and prosperity in the city of watertown. moreover, the organization uses financial resources to leverage other investments, with the goal of job creation, retention and elimination of blight.”.
- The non-profit's legally reported state of operation is NY.
- The filing states that the non-profit's address in the year 2019 is THE BUCK BLDG 82 PUBLIC SQUARE, WATERTOWN, NY, 13601.
- The form submitted by the non-profit for 2019 shows a total of 2 employees.
- Is not a private foundation.
- Expenses are between $250,000 and $500,000.
- Revenue is between $250,000 and $500,000.
- Revenue less expenses is -$290,951.
- The organization has 7 independent voting members.
- The organization was formed in 1981.
- The organization pays $241,667 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.