Three Rivers Development Foundation INC EIN 16-0917480

Three Rivers Development Foundation INC

EIN  16-0917480 Public charity (501(c)(3)) Corning, NY Founded 1966
Form 990 (PDF) Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Three Rivers Development Foundation INC claims this page.

Know this organization? Claim it to add your story

Size
<$100K
What they do
Develops housing, plans programs, and helps governments implement community plans.
Leadership
Kamala Keeley · President
Money in and out
$72K revenue, $73K expenses
Bottom line
96% program efficiency

Develops housing, plans programs, and helps governments implement community plans. For fiscal year 2025 it reported $72K in revenue, $73K in expenses, and $802K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$72K
Pt VIII · Ln 12
Total expenses
$73K
Pt IX · Ln 25
Net assets
$802K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$790
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Program efficiency
96%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
37.9mo
months of highly liquid reserves at operating expense rate▲ +127% vs prior filing year
Surplus margin
-1%
revenue over expenses, this year▼ -103% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$72K
FY2025▼ -76%
Expenses
$73K
FY2025▼ -60%
Total assets
$802K
FY20250%
Total liabilities
$452
FY2025
Total revenue
$72K
Pt VIII · Ln 12
Total expenses
$73K
Pt IX · Ln 25
Net assets
$802K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$790
Total assetsPt X · Ln 16$802K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $70K of program spending, described in the organization's own filed words · FY2025.
01

To maintain and promote the economic viability of the southeast steuben county through board and staff service to the public and private sectors in the fields of planning, housing, commercial and industrial development, and community renewal.

$70Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThree Rivers Development Foundation INC
EINHdr · item D16-0917480
Principal addressHdr · item CCorning, NY
WebsiteHdr · item Jwww.3riverscorp.com
Year of formationHdr · item L1966
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJan 1967

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Chair of the Board
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Three Rivers Development Foundation INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants$68K · 94%
Investment income$4K · 6%
Contributions & grants94%$68K
Investment income6%$4K
Other revenue$5
Total revenueLn 12$72K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$70K
Management & general4%$3K
Total functional expensesLn 25$73K

Balance Sheet

Part X · end of year
CashLn 1$231K
Total assetsLn 16$802K
Total liabilitiesLn 26$452
Total net assetsLn 32$802K
Months of cash on handcomputed37.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $231K · Operating expenses/yr $73K
37.9 months
Where the money goes
Program services
Program services $70K · Total expenses $73K
96%
Management & General
Management & general $3K · Total expenses $73K
4%
Fundraising
Fundraising $0 · Total expenses $73K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $202K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $68K · Total revenue $72K
94%
Government reliance
Government grants — · Total revenue $72K
Earned-income share
Program service revenue $0 · Total revenue $72K
0%
Investment reliance
Investment income $4K · Total revenue $72K
+6%
Program self-sufficiency
Program service revenue $0 · Total expenses $73K
0%
Growth & trend
Revenue growth (YoY)
This year $72K · Prior year $300K
-76%
Revenue CAGR
FY2020 $337K · FY2025 $72K
-26%
Net-asset trend (YoY)
End of year $802K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $72K · Expenses $73K
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $802K
Net-asset ratio
Net assets $802K · Total assets $802K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $802K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kamala Keeley · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $73K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $73K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Revenue growth -76%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Similar Organizations

Closest in mission — by what they do
See all organizations like Three Rivers Development Foundation INC →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$72K revenue · viewing · ⤓ 990 PDF
FY2024$300K revenue · ⤓ 990 PDF
FY2023$344K revenue · ⤓ 990 PDF
FY2022$263K revenue · ⤓ 990 PDF
FY2021$210K revenue · ⤓ 990 PDF
FY2020$337K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.