Gowanda Area Redevelopment Corporation FY2021 filing

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To improve the economic, social, and educational levels of the residents in the Gowanda Area by expanding the economic and educational opportunities for the benefit of the residents in the Area.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $50K a year · 505% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
14 mo
of spending, in cash
Looks good: 14.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$92
Spent
$57K
To programs
99%
Net assets
$878K
By yearFY2021–FY2026
Revenue
$92
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$92
FY2022$19K
FY2023$138
FY2024$38K
FY2025$3K
FY2026$469
Expenses
$57K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$57K
FY2022$75K
FY2023$56K
FY2024$58K
FY2025$56K
FY2026$57K
Net assets
$878K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$878K
FY2022$821K
FY2023$766K
FY2024$745K
FY2025$692K
FY2026$579K

From the FY2021 Form 990 (year ending January 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2026) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Feb 1981.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $56K Management & general 1% · $435

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Gowanda Area Redevelopment Corporation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Expands economic and educational opportunities to improve residents' lives.

Questions for Gowanda Area Redevelopment Corporation

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1 program · $56K · in their own filed words · FY2020
01

Zoar Valley Gateway Park Project

Remediate and reuse of a former industrial site for recreation sport development and community use.

$56Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$92
Ln 12
Investment incomeLn 3$57
Gifts and grantsLn 1h$35
Money outPt IX
$57K
Ln 25
Programscol B$56K
Managementcol C$435
Owns and owesPt X
$878K
net assets · Ln 32
Cash and savingsLn 1–2$67K
Total assetsLn 16$878K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$35
Investment incomeLn 3$57
Total revenueLn 12$92
Assets in detailPt X, end of year
CashLn 1$889
SavingsLn 2$66K
Cash and savings togetherLn 1–2$67K
Land, buildings, equipmentLn 10c$811K
Total assetsLn 16$878K
LiabilitiesLn 26$0
Net assetsLn 32$878K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJanuary
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$70K$67K
Land, buildings, equipmentLn 10c$865K$811K
Total assetsLn 16$935K$878K
LiabilitiesLn 26$0$0
Net assetsLn 32$935K$878K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$1K$375$0
Other fees for servicesLn 11g$190$190$0$0
Depreciation, depletion and amortizationLn 22$54K$54K$0$0
Other expenses (24a–d)Ln 24$948$888$60$0
Total functional expensesLn 25$57K$56K$435$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 LatestFiled with the IRS Jul 7, 2026 $469$57K−$57K$579K 990 PDF
FY2025Filed with the IRS Jun 25, 2025 $3K$56K−$53K$692K 990 PDF
FY2024Filed with the IRS Jun 13, 2024 $38K$58K−$21K$745K 990 PDF
FY2023Filed with the IRS Jul 7, 2023 $138$56K−$56K$766K 990 PDF
FY2022Filed with the IRS Jul 25, 2022 $19K$75K−$57K$821K 990 PDF
FY2021 ViewingFiled with the IRS Jun 7, 2021 $92$57K−$57K$878K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $92 revenue, 12 lines filed
I-8 Contributions and grants$35
I-9 Program service revenue$0
I-10 Investment incomePrior year $215$57
I-11 Other revenue$0
I-12 Total revenuePrior year $215$92
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $61,314$56,603
I-18 Total expensesPrior year $61,314$56,603
I-19 Revenue less expensesPrior year −$61,099−$56,511
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $92 across 4 lines filed
VIII-1f All other contributions, gifts and grants$35
VIII-1h Total contributions, gifts and grants$35
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $57$57
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $57$92
Part IX · Statement of functional expenses $56,603 across 4 lines filed
IX-11c Accounting feesPrograms $1,125 · Management $375 · Fundraising $0$1,500
IX-11g Other fees for servicesPrograms $190 · Management $0 · Fundraising $0$190
IX-22 Depreciation, depletion and amortizationPrograms $53,965 · Management $0 · Fundraising $0$53,965
IX-24 Other expenses (24a–d)Programs $888 · Management $60 · Fundraising $0$948
IX-25 Total functional expensesPrograms $56,168 · Management $435 · Fundraising $0$56,603
Part X · Balance sheet $878,152 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $2,493$889
X-2 Savings and temporary cash investmentsStart of year $67,249$66,306
X-10c Land, buildings and equipment, netStart of year $864,921$810,957
X-16 Total assetsStart of year $934,663$878,152
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $934,663$878,152
X-32 Total net assets or fund balancesStart of year $934,663$878,152
X-33 Total liabilities and net assetsStart of year $934,663$878,152
Part XI · Reconciliation of net assets $878,152 net assets at year end
XI-1 Total revenue$92
XI-2 Total expenses$56,603
XI-3 Revenue less expenses−$56,511
XI-4 Net assets at start of year$934,663
XI-10 Net assets at end of year$878,152

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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