EIN 22-2324226

Buffalo Urban Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
3
Year formed
1978
Most recent tax filings
2022-12-01
Description
Buffalo Urban Development Corporation supports the urban economic development efforts of the region by acquiring, remediating, and managing distressed properties while engaging in related real estate development activities.
Total revenues
$8,441,091
2022
Total expenses
$10,138,633
2022
Total assets
$135,361,384
2022
Num. employees
3
2022

Program areas at Buffalo Urban Development Corporation

The mission of Buffalo Urban Development (budc) is to support the Urban economic Development efforts of the region through the acquisition, remediation and management of distressed properties, and to engage in related real estate Development activities for the purpose of attracting and/or retaining new and existing businesses to the city as part of the region. The mission of budc also includes supporting the revitalization of downtown Buffalo by serving as the lead management entity for Buffalo building reuse project (bbrp) initiatives, working in collaboration with the city of Buffalo, including the coordination of financial assistance for downtown adaptive re-use projects and public right-of-way improvements.

Who funds Buffalo Urban Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Community Foundation for Southeast MichiganCapital Campaign$300,000
MLB-MLBPA Youth Development FoundationGeneral Operating Support$100,000
Community Foundation for Greater Buffalo (CFGB)Capacity Building for Ralph C. Wilson JR. Centennial Park Management$50,000

Personnel at Buffalo Urban Development Corporation

NameTitleCompensation
Rebecca GandourExecutive Vice President - Finance and Development$105,748
Brandye MerriweatherPresident$118,647
Byron W. BrownChairman of the Board$0
Mollie ProficTreasurer$0
Kevin ZannerSecretary$0
...and 3 more key personnel

Financials for Buffalo Urban Development Corporation

RevenuesFYE 12/2022
Total grants, contributions, etc.$8,056,896
Program services$132,847
Investment income and dividends$540,392
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$146,360
Net gain from sale of non-inventory assets$-440,604
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$5,200
Total revenues$8,441,091

Form 990s for Buffalo Urban Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-05-15990View PDF
2021-122022-06-28990View PDF
2020-122021-11-05990View PDF
2019-122020-10-07990View PDF
2018-122019-08-20990View PDF
...and 9 more Form 990s
Data update history
January 1, 2024
Received grants
Identified 2 new grant, including a grant for $100,000 from MLB-MLBPA Youth Development Foundation
September 2, 2023
Updated personnel
Identified 3 new personnel
July 30, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 4, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 29, 2023
Updated personnel
Identified 4 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Partially liquidatedState / local levelReceives government fundingTax deductible donations
General information
Address
95 Perry St 404
Buffalo, NY 14203
Metro area
Buffalo-Cheektowaga, NY
Website URL
buffalourbandevelopment.com/ 
Phone
(716) 856-6525
IRS details
EIN
22-2324226
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1978
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization
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