Nonprofit · EIN 81-3982616
CHEMUNG COUNTY PROPERTY DEVELOPMENT CORPORATION
Tax-exempt · ELMIRA, NY 14901
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,126,666 | $1,214,057 | -$87,391 | $423,522 | $2,853 | $420,669 |
| December 31, 2024 | 990 | $1,014,351 | $578,755 | $435,596 | $519,998 | $11,938 | $508,060 |
| December 31, 2023 | 990 | $260,782 | $658,365 | -$397,583 | $167,170 | $94,706 | $72,464 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,123,945
- of which government grants
- $1,123,945
- Program service revenue
- $0
- Investment income
- $2,721
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $3,717
- Program services (functional)
- $1,017,300
- Management and general (functional)
- $196,757
Balance sheet and other
- Total assets, start of year
- $519,998
- Total assets, end of year
- $423,522
- Total liabilities, end of year
- $2,853
- Net assets, end of year
- $420,669
- Net assets without donor restrictions
- $420,669
- Gross receipts
- $1,126,666
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2016
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| L THOMAS SWEET | CHAIRMAN Trustee or director, Officer | 5 | $0 |
| BRENT STERMER | VICE CHAIRMAN Trustee or director, Officer | 5 | $0 |
| JOSEPH ROMAN | TREASURER Trustee or director, Officer | 5 | $0 |
| EMMA MIRAN | SECRETARY Trustee or director, Officer | 5 | $0 |
| THERESA MURDOCK | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVE MCCORMICK | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHELLE JOHNSON | BOARD MEMBER Trustee or director | 1 | $0 |
| WARREN ROMAN | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| L THOMAS SWEET | CHAIRMAN Trustee or director, Officer | 5 | $0 |
| BRENT STERNER | VICE CHAIRMAN Trustee or director, Officer | 5 | $0 |
| JOSEPH ROMAN | TREASURER Trustee or director, Officer | 5 | $0 |
| EMMA MIRAN | SECRETARY Trustee or director, Officer | 5 | $0 |
| THERESA MURDOCK | BOARD MEMBER Trustee or director | 1 | $0 |
| DAWN BURLEW | BOARD MEMBER Trustee or director | 1 | $0 |
| KEVIN MEINDL | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| L THOMAS SWEET | CHAIRMAN Trustee or director, Officer | 5 | $0 |
| JOHN BURIN | VICE CHAIRMAN Trustee or director, Officer | 5 | $0 |
| JOSEPH ROMAN | TREASURER Trustee or director, Officer | 5 | $0 |
| EMMA MIRAN | SECRETARY Trustee or director, Officer | 5 | $0 |
| THERESA MURDOCK | BOARD MEMBER Trustee or director | 1 | $0 |
| DAWN BURLEW | BOARD MEMBER Trustee or director | 1 | $0 |
| KEVIN MEINDL | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 400 EAST CHURCH STREET, ELMIRA, NY 14901-2834
- In care of
- % STEG INC
- Mailing address (990-N for 2017)
- 26 BRIDGE STREET, CORNING NY 14830
- Principal officer (990 for 2025)
- L THOMAS SWEET, 400 EAST CHURCH STREET, ELMIRA, NY 14901
- Principal officer (990-N for 2017)
- JOSEPH E SARTORI III, 400 EAST CHURCH STREET, ELMIRA NY 14901
- Signed the 990
- L THOMAS SWEET, CHAIRMAN
- Phone
- (607) 654-7487
- Website
- CHEMUNGLANDBANK.COM
- Return prepared by
- EFPR ADVISORY LLC
Mission
THE CORPORATION WAS ESTABLISHED TO COMBAT THE PROBLEM OF VACANT AND ABANDONED PROPERTIES IN CHEMUNG COUNTY AND THE CITY OF ELMIRA AND FACILITATE THE RETURN OF VACANT, ABANDONED AND TAX-DELINQUENT PROPERTIES TO PRODUCTIVE USE.
Program accomplishments
- THE CORPORATION IS FORMED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES AS A LAND BANK, TO COMBAT COMMUNITY DETERIORATION IN THE COUNTY OF CHEMUNG BY FACILITATING THE RETURN OF VACANT, ABANDONED AND TAX DELINQUENT PROPERTIES TO PRODUCTIVE USE IN ORDER TO ELIMINATE THE HARMS AND LIABILITIES CAUSED BY SUCH PROPERTIES, AND LESSEN THE BURDEN GOVERNMENT AND ACT IN THE PUBLIC INTEREST.Expenses $1,017,300
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-3982616
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C34)
- Assets (IRS master file)
- $423,522
- Income (IRS master file)
- $1,126,666
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,126,666 | $1,214,057 | $423,522 | XML |
| 990 | December 2024 | $1,014,351 | $578,755 | $519,998 | XML |
| 990 | December 2023 | $260,782 | $658,365 | $167,170 | XML |
| 990 | December 2022 | $410,597 | $312,819 | $477,311 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2017 Officer: JOSEPH E SARTORI III | December 31, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-3982616).
Questions about CHEMUNG COUNTY PROPERTY DEVELOPMENT CORPORATION
- What is the EIN of CHEMUNG COUNTY PROPERTY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of CHEMUNG COUNTY PROPERTY DEVELOPMENT CORPORATION is 81-3982616.
- Is CHEMUNG COUNTY PROPERTY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to CHEMUNG COUNTY PROPERTY DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHEMUNG COUNTY PROPERTY DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CHEMUNG COUNTY PROPERTY DEVELOPMENT CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHEMUNG COUNTY PROPERTY DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CHEMUNG COUNTY PROPERTY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names L THOMAS SWEET.
- Who are the officers and directors of CHEMUNG COUNTY PROPERTY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does CHEMUNG COUNTY PROPERTY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,126,666, expenses of $1,214,057 and total assets of $423,522 at year end.
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