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Nonprofit · EIN 81-3982616

CHEMUNG COUNTY PROPERTY DEVELOPMENT CORPORATION

Tax-exempt · ELMIRA, NY 14901

Financials

$261K$658K2023$1M$579K2024$1.1M$1.2M2025
Revenue Expenses · by fiscal year end
Financials of CHEMUNG COUNTY PROPERTY DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$1,126,666$1,214,057-$87,391$423,522$2,853$420,669
December 31, 2024990$1,014,351$578,755$435,596$519,998$11,938$508,060
December 31, 2023990$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.

NameTitleHours / weekCompensation
L THOMAS SWEETCHAIRMAN
Trustee or director, Officer
5$0
BRENT STERMERVICE CHAIRMAN
Trustee or director, Officer
5$0
JOSEPH ROMANTREASURER
Trustee or director, Officer
5$0
EMMA MIRANSECRETARY
Trustee or director, Officer
5$0
THERESA MURDOCKBOARD MEMBER
Trustee or director
1$0
DAVE MCCORMICKBOARD MEMBER
Trustee or director
1$0
MICHELLE JOHNSONBOARD MEMBER
Trustee or director
1$0
WARREN ROMANBOARD MEMBER
Trustee or director
1$0
990 for the year ended December 31, 2024: 7 people
NameTitleHours / weekCompensation
L THOMAS SWEETCHAIRMAN
Trustee or director, Officer
5$0
BRENT STERNERVICE CHAIRMAN
Trustee or director, Officer
5$0
JOSEPH ROMANTREASURER
Trustee or director, Officer
5$0
EMMA MIRANSECRETARY
Trustee or director, Officer
5$0
THERESA MURDOCKBOARD MEMBER
Trustee or director
1$0
DAWN BURLEWBOARD MEMBER
Trustee or director
1$0
KEVIN MEINDLBOARD MEMBER
Trustee or director
1$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
L THOMAS SWEETCHAIRMAN
Trustee or director, Officer
5$0
JOHN BURINVICE CHAIRMAN
Trustee or director, Officer
5$0
JOSEPH ROMANTREASURER
Trustee or director, Officer
5$0
EMMA MIRANSECRETARY
Trustee or director, Officer
5$0
THERESA MURDOCKBOARD MEMBER
Trustee or director
1$0
DAWN BURLEWBOARD MEMBER
Trustee or director
1$0
KEVIN MEINDLBOARD 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
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.

990 for the year ended December 31, 2025

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 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

FormYear endedRevenueExpensesAssetsReturn
990December 2025$1,126,666$1,214,057$423,522XML
990December 2024$1,014,351$578,755$519,998XML
990December 2023$260,782$658,365$167,170XML
990December 2022$410,597$312,819$477,311IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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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