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Redec Relending Corporation

Redec Relending Corporation

Painted Post, NY 14870
Tax ID16-1433308

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About this organization

Revenue

$390,352

Expenses

$325,896

Website

redec.us

Mission

To provide economic development lending capability for businesses in Chemung, Schuyler and Steuben counties, which fully responds to the needs of the region and the objectives of the corporation.

About

Offer and administer low interest loans for economic development projects where conventional financing cannot meet all the applicants' needs.

Interesting data from their 2020 990 filing

The filing outlines the non-profit's goal as “The mission of the organization is to provide economic development lending capability for businesses in chemung, schuyler and steuben counties, which fully responds to the needs of the region and the objectives of the corporation.”.

When explaining its purpose, the activities were outlined as: “To provide economic development lending capability for businesses in chemung, schuyler and steuben counties, which fully responds to the needs of the region and the objectives of the corporation.”.

  • As per legal reporting requirements, the state of operation for the non-profit is NY.
  • The non-profit's address for 2020 is listed as 109 CANADA ROAD NO 150, PAINTED POST, NY, 14870 in the filing.
  • As per the non-profit's form, they have 0 employees as of 2020.
  • 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 $64,456.
  • The organization has 24 independent voting members.
  • The organization was formed in 1993.
  • The organization pays $225,572 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.

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