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Hudson Valley Agri-Business Development Corporation

EIN 75-3225637 · Hudson, NY

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood70 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

ITS PURPOSES INCLUDE AGRIBUSINESS TECHNICAL ASSISTANCE AND SUPPORT, CONSERVATION OF AGRICULTURAL RESOURCES, CARRYING ON SCIENTIFIC RESEARCH FOR THE PURPOSE OF AIDING THE HUDSON VALLEY BY ATTRACTING AGRICULTURAL PRODUCERS, RELATED BUSINESSES OR PROCESSORS TO THE AREA, ASSISTING IN THE PROMOTION OF THE HUDSON VALLEY AGRICULTURAL INDUSTRY AND ITS PRODUCTS IN SUPPORT OF PROMOTING ECONOMIC DEVELOPMENT, AND CARRYING ON ACTIVITIES THAT REDUCE OR ELIMINATE THE BURDENS OF COUNTY AND REGIONAL GOVERNMENTS.

Income
$2.8 million
Spending
$2.0 million
Spent on programs
87%
Reserves
5.6 months of spending
Largest source of income
government grants, 66%
Employees
8
Volunteers
5
Highest pay
$208,888, executive director

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 70 out of 100. Higher than 45% of charities in its peer group (community improvement, $1m to $10m).

  • Reserves

    20 of 35

    Spendable reserves would cover 5.6 months of spending.

  • Debt

    5 of 20

    It owes 53% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 27% of income.

  • Income trend

    15 of 15

    Income rose 131% on the year before.

  • Spending floor

    15 of 15

    86% of spending went to programs and raising each dollar of donations cost 2 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 68% of charities in its peer group (community improvement, $1m to $10m).

  • Independent board

    25 of 25

    5 of 5 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $164,327 spent. TECHNICAL ASSISTANCE: HVADC TECHNICAL ASSISTANCE PROGRAMS INCLUDE THE INCUBATOR WITHOUT WALLS (IWW), FARM AND FOOD FUNDING ACCELERATOR (FFFA), AND HUDSON VALLEY BOUNTY (HVB). THESE PROGRAMS ARE DESIGNED TO PROVIDE ANALYSIS AND START-UP ASSISTANCE FOR NEW VENTURES AND ENTERPRISES, TO MARKET EXPANSION AND IMPROVED DISBRITUTION NETWORKS FOR EXISTING AGRICULTURAL AND FOOD BUSINESSES. HVADC PROVIDES THE RESOURCES TO ACCESS TECHNICAL AND PROFESSIONAL SERVICE PROVIDERS, PROJECT PLANNING AND DEVELOPMENT SERVICES, FUNDING AND CAPITAL ACCESS AND FEASIBILITY ANALYSIS. AS NEEDS EMERGE, HVADC ALSO PRESENTS TIMELY TOPIC SPECIFIC INSTRUCTION SUCH AS ITS FOOD LABELING WORKSHOP, MAKING IT HAPPEN FINANCIAL ANAYLSIS SESSIONS AND LOCAL LAMB LESSONS SERIES ON STARTING A SHEEP BUSINESS. THESE PUBLIC PROGRAMS ARE OPEN TO ALL INTERESTED PARTIES.
  2. $1.2 million spent. ACCESS TO CAPITAL: IN 2018, HVADC WAS DESIGNATED AS ONE OF EIGHT THIRD-PARTY LENDERS PARTICIPATING IN THE NEW YORK JOB DEVELOPMENT AUTHORITY'S (JDA) AGRICULTURE LOAN FUND PROGRAM. WITH A FOCUS ON THE MID-HUDSON AND CAPITAL REGIONS, THE HVADC LOAN PROGRAM ISSUES LOW INTEREST LOANS BETWEEN $50,000 AND $200,000 TO SMALL BUSINESS OWNERS; INCREASE THE AVAILABILITY OF CREDIT, INVESTMENT CAPITAL AND FINANCIAL PRODUCTS AND SERVICES TO SUCH LOW-INCOME COMMUNITIES AND TO PEOPLE WHO LACK ACCESS TO FINANCING TO STIMULATE AND PROMOTE COMMUNITY AND ECONOMIC DEVELOPMENT IN ECONOMICALLY DEPRESSED AND DISTRESSED URBAN AND RURAL COMMUNITIES IN THE STATE OF NEW YORK, PARTICULARLY IN THE HUDSON VALLEY REGION AND THOSE UNDERSERVED BY TRADITIONAL FINANCIAL INSTITUTIONS. IN ADDITION TO THE LOAN OPPORTUNITY, HVADC IS PARTNERING WITH THE HUDSON MOHAWK RESOURCE CONSERVATION AND DEVELOPMENT COUNCIL, INC. (HMRC&D) TO ADMINISTER THE GROWN & CERTIFIED (G&C) PRODUCER GRANT PROGRAM IN THE CAPITAL DISTRICT REGION. THE G&C PRODUCER GRANTS WILL BE AWARDED FOR CAPITAL PROJECTS THAT WILL ENABLE QUALIFIED AGRICULTURAL PRODUCERS TO MEET FOOD SAFETY STANDARDS NECESSARY FOR PARTICIPATION IN THE PROGRAM. ELIGIBLE AGRICULTURAL PRODUCERS CAN APPLY FOR UP TO 90% OF THEIR TOTAL PROJECT COST, NOT TO EXCEED $50,000.
  3. $127,400 spent. FOOD SECURITY: HVADC IS WORKING ON THE ISSUE OF FOOD SECURITY THROUGH THE FEEDHV PROGRAM. FEEDHV IS A REGIONAL FOOD RESCUE AND GLEANING NETWORK DEDICATED TO MEETING THE NEEDS OF NEIGHBORS WHILE MITIGATING FOOD WASTE. THROUGH A WEB-BASED AND MOBILE APPLICATION POWERED BY CHOWMATCH, FEEDHV LINKS FOOD DONORS OF PREPARED BUT UNSERVED FOOD AND FRESH PRODUCE (INCLUDING FARMS, RESTAURANTS, CATERING SERVICES, GROCERY STORES, HOSPITALS, UNIVERSITIES, AND MORE) TO NON-PROFIT ORGANIZATIONS WITH FOOD ASSISTANCE PROGRAMS (SUCH AS FOOD PANTRIES, SOUP KITCHENS, AND SHELTERS) AND A NETWORK OF VOLUNTEERS WHO TRANSPORT, GLEAN, AND PROCESS DONATED FOOD.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since January 2021.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.