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  5. WATERTOWN LOCAL DEVELOPMENT CORPORATION

WATERTOWN LOCAL DEVELOPMENT CORPORATION

Company Details

Name: WATERTOWN LOCAL DEVELOPMENT CORPORATION
Jurisdiction: New York
Legal type: DOMESTIC NOT-FOR-PROFIT CORPORATION
Status: Active
Date of registration: 24 Nov 1982 (42 years ago)
Entity Number: 806614
ZIP code: 13601
County: Jefferson
Place of Formation: New York
Address: 82 PUBLIC SQUARE, WATERTOWN, NY, United States, 13601

form 5500

Plan Name Plan Year EIN/PN Received Sponsor Total number of participants
WATERTOWN LOCAL DEVELOPMENT CORPORATION 401(K) PROFIT SHARING PLAN 2023 161199439 2024-03-13 WATERTOWN LOCAL DEVELOPMENT CORPORATION 2
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2013-01-01
Business code 561110
Sponsor’s telephone number 3157863494
Plan sponsor’s address JB WISE PLACE, SUITE 100, WATERTOWN, NY, 13601

Signature of
Role Plan administrator
Date 2024-03-13
Name of individual signing DONALD RUTHERFORD
Role Employer/plan sponsor
Date 2024-03-13
Name of individual signing DONALD RUTHERFORD
WATERTOWN LOCAL DEVELOPMENT CORPORATION 401(K) PROFIT SHARING PLAN 2022 161199439 2023-05-17 WATERTOWN LOCAL DEVELOPMENT CORPORATION 2
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2013-01-01
Business code 561110
Sponsor’s telephone number 3157863494
Plan sponsor’s address THE BUCK BUILDING, 82 PUBLIC SQUARE, WATERTOWN, NY, 13601

Signature of
Role Plan administrator
Date 2023-05-17
Name of individual signing DONALD W. RUTHERFORD
Role Employer/plan sponsor
Date 2023-05-17
Name of individual signing DONALD W. RUTHERFORD
WATERTOWN LOCAL DEVELOPMENT CORPORATION 401(K) PROFIT SHARING PLAN 2021 161199439 2022-02-16 WATERTOWN LOCAL DEVELOPMENT CORPORATION 2
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2013-01-01
Business code 561110
Sponsor’s telephone number 3157863494
Plan sponsor’s address THE BUCK BUILDING, 82 PUBLIC SQUARE, WATERTOWN, NY, 13601

Signature of
Role Plan administrator
Date 2022-02-16
Name of individual signing DONALD RUTHERFORD
Role Employer/plan sponsor
Date 2022-02-16
Name of individual signing DONALD RUTHERFORD
WATERTOWN LOCAL DEVELOPMENT CORPORATION 401(K) PROFIT SHARING PLAN 2020 161199439 2021-05-10 WATERTOWN LOCAL DEVELOPMENT CORPORATION 1
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2013-01-01
Business code 561110
Sponsor’s telephone number 3157863494
Plan sponsor’s address THE BUCK BUILDING, 82 PUBLIC SQUARE, WATERTOWN, NY, 13601

Signature of
Role Plan administrator
Date 2021-05-10
Name of individual signing DONALD RUTHERFORD
Role Employer/plan sponsor
Date 2021-05-10
Name of individual signing DONALD RUTHERFORD
WATERTOWN LOCAL DEVELOPMENT CORPORATION 401(K) PROFIT SHARING PLAN 2019 161199439 2020-05-04 WATERTOWN LOCAL DEVELOPMENT CORPORATION 2
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2013-01-01
Business code 561110
Sponsor’s telephone number 3157863494
Plan sponsor’s address THE BUCK BUILDING, 82 PUBLIC SQUARE, WATERTOWN, NY, 13601

Signature of
Role Plan administrator
Date 2020-05-04
Name of individual signing DONALD W. RUTHERFORD
Role Employer/plan sponsor
Date 2020-05-04
Name of individual signing DONALD W. RUTHERFORD
WATERTOWN LOCAL DEVELOPMENT CORPORATION 401(K) PROFIT SHARING PLAN 2018 161199439 2019-03-04 WATERTOWN LOCAL DEVELOPMENT CORPORATION 2
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2013-01-01
Business code 561110
Sponsor’s telephone number 3157863494
Plan sponsor’s address THE BUCK BUILDING, 82 PUBLIC SQUARE, WATERTOWN, NY, 13601

Signature of
Role Plan administrator
Date 2019-03-04
Name of individual signing DONALD RUTHERFORD
Role Employer/plan sponsor
Date 2019-03-04
Name of individual signing DONALD RUTHERFORD
WATERTOWN LOCAL DEVELOPMENT CORPORATION 401(K) PROFIT SHARING PLAN 2017 161199439 2018-05-04 WATERTOWN LOCAL DEVELOPMENT CORPORATION 2
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2013-01-01
Business code 561110
Sponsor’s telephone number 3157863494
Plan sponsor’s address THE BUCK BUILDING, 82 PUBLIC SQUARE, WATERTOWN, NY, 13601

Signature of
Role Plan administrator
Date 2018-05-04
Name of individual signing DONALD RUTHERFORD
Role Employer/plan sponsor
Date 2018-05-04
Name of individual signing DONALD RUTHERFORD
WATERTOWN LOCAL DEVELOPMENT CORPORATION 401(K) PROFIT SHARING PLAN 2016 161199439 2017-03-06 WATERTOWN LOCAL DEVELOPMENT CORPORATION 2
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2013-01-01
Business code 561110
Sponsor’s telephone number 3157863494
Plan sponsor’s address THE BUCK BUILDING, 82 PUBLIC SQUARE, WATERTOWN, NY, 13601

Signature of
Role Plan administrator
Date 2017-03-06
Name of individual signing DONALD RUTHERFORD
Role Employer/plan sponsor
Date 2017-03-06
Name of individual signing DONALD RUTHERFORD
WATERTOWN LOCAL DEVELOPMENT CORPORATION 401(K) PROFIT SHARING PLAN 2015 161199439 2016-05-18 WATERTOWN LOCAL DEVELOPMENT CORPORATION 2
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2013-01-01
Business code 561110
Sponsor’s telephone number 3157863494
Plan sponsor’s address THE BUCK BUILDING, 82 PUBLIC SQUARE, WATERTOWN, NY, 13601

Signature of
Role Plan administrator
Date 2016-05-18
Name of individual signing DONALD RUTHERFORD
Role Employer/plan sponsor
Date 2016-05-18
Name of individual signing DONALD RUTHERFORD
WATERTOWN LOCAL DEVELOPMENT CORPORATION 401(K) PROFIT SHARING PLAN 2014 161199439 2015-08-25 WATERTOWN LOCAL DEVELOPMENT CORPORATION 2
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2013-01-01
Business code 561110
Sponsor’s telephone number 3157863494
Plan sponsor’s address THE BUCK BUILDING, 82 PUBLIC SQUARE, WATERTOWN, NY, 13601

Signature of
Role Plan administrator
Date 2015-08-25
Name of individual signing DONALD RUTHERFORD
Role Employer/plan sponsor
Date 2015-08-25
Name of individual signing DONALD RUTHERFORD

DOS Process Agent

Name Role Address
THE CORPORATION DOS Process Agent 82 PUBLIC SQUARE, WATERTOWN, NY, United States, 13601

History

Start date End date Type Value
1982-11-24 2007-02-09 Address MUNICIPAL BLDG., WATERTOWN, NY, 13601, USA (Type of address: Service of Process)

Filings

Filing Number Date Filed Type Effective Date
070209000610 2007-02-09 CERTIFICATE OF AMENDMENT 2007-02-09
A923581-7 1982-11-24 CERTIFICATE OF INCORPORATION 1982-11-24

Tax Exempt

EIN Type of Organization Exempt Organization Status Address Ruling Date
16-1199439 Corporation Unconditional Exemption 259 JB WISE PLACE SUITE 100, WATERTOWN, NY, 13601-2587 1984-06
In Care of Name -
Group Exemption Number 0000
Subsection Charitable Organization, Educational Organization, Literary Organization, Organization to Prevent Cruelty to Animals, Organization to Prevent Cruelty to Children, Organization for Public Safety Testing, Religious Organization, Scientific Organization
Affiliation Independent - This code is used if the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Classification Government Instrumentality, Title-Holding Corporation, Charitable Organization, Agricultural Organization, Board of Trade, Pleasure, Recreational, or Social Club, Fraternal Beneficiary Society, Order or Association, Voluntary Employees' Beneficiary Association (Non-Govt. Emps.), Domestic Fraternal Societies and Associations, Teachers Retirement Fund Assoc., Benevolent Life Insurance Assoc., Burial Association, Credit Union, Mutual Insurance Company or Assoc. Other Than Life or Marine, Corp. Financing Crop Operations, Supplemental Unemployment Compensation Trust or Plan, Employee Funded Pension Trust (Created Before 6/25/59), Post or Organization of War Veterans, Legal Service Organization, Black Lung Trust, Multiemployer Pension Plan, Veterans Assoc. Formed Prior to 1880, Trust Described in Sect. 4049 of ERISA, Title Holding Co. for Pensions, etc., State-Sponsored High Risk Health Insurance Organizations, State-Sponsored Workers' Compensation Reinsurance, ACA 1322 Qualified Nonprofit Health Insurance Issuers, Apostolic and Religious Org. (501(d)), Cooperative Hospital Service Organization (501(e)), Cooperative Service Organization of Operating Educational Organization (501(f)), Child Care Organization (501(k)), Charitable Risk Pool, Qualified State-Sponsored Tuition Program, 4947(a)(1) - Private Foundation (Form 990PF Filer)
Deductibility Contributions are deductible.
Foundation Organization that receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
Tax Period 2023-12
Asset 5,000,000 to 9,999,999
Income 1,000,000 to 4,999,999
Filing Requirement 990 (all other) or 990EZ return
PF Filing Requirement No 990-PF return
Accounting Period Dec
Asset Amount 9714987
Income Amount 1886822
Form 990 Revenue Amount 759545
National Taxonomy of Exempt Entities -
Sort Name -

Publication 78 Data
Description Organizations eligible to receive tax-deductible charitable contributions. Users may rely on this list in determining deductibility of their contributions.
On Publication 78 Data List Yes
Deductibility Type of organization and use of contribution: A public charity. Deductibility Limitation: 50% (60% for cash contributions)

Copies of Returns (990, 990-EZ, 990-PF, 990-T)
Organization Name WATERTOWN LOCAL DEVELOPMENT CORPORATION
EIN 16-1199439
Tax Period 202212
Filing Type E
Return Type 990
File View File
Organization Name WATERTOWN LOCAL DEVELOPMENT CORPORATION
EIN 16-1199439
Tax Period 202112
Filing Type E
Return Type 990
File View File
Organization Name WATERTOWN LOCAL DEVELOPMENT CORPORATION
EIN 16-1199439
Tax Period 202012
Filing Type E
Return Type 990
File View File
Organization Name WATERTOWN LOCAL DEVELOPMENT CORPORATION
EIN 16-1199439
Tax Period 201912
Filing Type E
Return Type 990
File View File
Organization Name WATERTOWN LOCAL DEVELOPMENT CORPORATION
EIN 16-1199439
Tax Period 201812
Filing Type E
Return Type 990
File View File
Organization Name WATERTOWN LOCAL DEVELOPMENT CORPORATION
EIN 16-1199439
Tax Period 201712
Filing Type E
Return Type 990
File View File
Organization Name WATERTOWN LOCAL DEVELOPMENT CORPORATION
EIN 16-1199439
Tax Period 201612
Filing Type E
Return Type 990
File View File

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
5409957104 2020-04-13 0248 PPP 82 PUBLIC SQ, WATERTOWN, NY, 13601-2622
Loan Status Date 2020-12-11
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 44578.4
Loan Approval Amount (current) 44578.4
Undisbursed Amount 0
Franchise Name -
Lender Location ID 50344
Servicing Lender Name Watertown Savings Bank
Servicing Lender Address 111 Clinton St, WATERTOWN, NY, 13601-3650
Rural or Urban Indicator R
Hubzone Y
LMI Y
Business Age Description Existing or more than 2 years old
Project Address WATERTOWN, JEFFERSON, NY, 13601-2622
Project Congressional District NY-24
Number of Employees 2
NAICS code 926110
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Non-Profit Organization
Originating Lender ID 50344
Originating Lender Name Watertown Savings Bank
Originating Lender Address WATERTOWN, NY
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 44839.76
Forgiveness Paid Date 2020-11-23

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Related by address

82 PUBLIC SQUARE, WATERTOWN, NY, United States, 13601

500 NEWELL STREET LLC

Date of last update: 28 Feb 2025

Sources: New York Secretary of State

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