EXCELSIOR LOCAL DEVELOPMENT CORPORATION
50 BEAVER STREET, ALBANY, NY 12207

Total Revenue
$880,813
Total Expenses
$644,574
Net Assets
$237,812

Organizations Filed Purposes: TO ASSIST SMALL BUSINESSES IN THE ACQUISITION OF REAL PROPERTY, AND CONSTRUCTION, RENOVATION OR OTHER IMPROVEMENTS THEREON, AND THEREBY PROMOTE AND ENCOURAGE THE BUSINESS PROSPERITY AND ECONOMIC WELFARE OF THE STATE OF NEW YORK; TO ENCOURAGE AND ASSIST IN THE LOCATION OF NEW BUSINESS AND INDUSTRY IN THE STATE OF NEW YORK; AND TO PROVIDE FINANCING TO BOTH NEW AND EXISTING BUSINESSES AND INDUSTRY; AND TO CREATE AND RETAIN JOBS WITHIN THE STATE OF NEW YORK.

THE CORPORATION MAKES LOANS TO SMALL BUSINESSES ON TERMS THAT WOULD NOT BE REASONABLY AVAILABLE FROM COMMERCIAL LENDERS DOING BUSINESS IN NYS IN ORDER TO: RELIEVE AND REDUCE UNEMPLOYMENT, PROMOTE AND PROVIDE FOR ADDITIONAL AND MAXIMUM EMPLOYMENT, AID COMMUNITIES IN NYS BY ENCOURAGING THE DEVELOPMENT AND/OR RETENTION OF INDUSTRY.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Kathleen A RussomSECRETARY1$0
Owen BurnsTREASURER1$0
Nancy A ReinhartVICE PRESIDENT1$0
Leesa Naimo-FredetteVICE PRESIDENT1$0
Andrew M LinehanVICE PRESIDENT1$0
Patrick J MackrellPRESIDENT1$0
Jeffrey LevyDIRECTOR1$0
Bruce W BoyeaDIRECTOR1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202110449349300736_public.xml