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EIN 22-2324226

Buffalo Urban Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
4
City
Buffalo
State
New York
Year formed
1978
Most recent tax filings
2023-12-01
NTEE code, primary
S31: Urban, Community Economic Development
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
$32,541,280
2023
Total expenses
$33,066,651
2023
Total assets
$185,671,246
2023
Num. employees
4
2023

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$107,344
Brandye MerriweatherPresident$118,647
Byron W. BrownChairman of the Board$0
Kevin ZannerSecretary$0
Mollie ProficTreasurer$0
...and 3 more key personnel

Financials for Buffalo Urban Development Corporation

RevenuesFYE 12/2023
Total grants, contributions, etc.$31,596,675
Program services$132,487
Investment income and dividends$670,797
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$91,360
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$49,961
Total revenues$32,541,280

Form 990s for Buffalo Urban Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-13990View PDF
2022-122023-05-15990View PDF
2021-122022-06-28990View PDF
2020-122021-11-05990View PDF
2019-122020-10-07990View PDF
...and 10 more Form 990s

Organizations like Buffalo Urban Development Corporation

OrganizationLocationRevenue
ProvPortProvidence, RI$14,666,567
Wenonah Park PropertiesBay City, MI$9,377,648
Pennsylvania Cdfi NetworkPhiladelphia, PA$17,412,624
Civic San DiegoSan Diego, CA$20,067,136
Wilkinson County Industrial Development AuthorityWoodville, MS$15,850,039
Wayne County Development AllianceGoldsboro, NC$10,960,205
Louisville Medical Center Development CorporationLouisville, KY$21,350,030
Allen County Fort Wayne Development TrustFort Wayne, IN$25,744,288
Bellevue Gardens Community Urban Redevelopment CorporationCincinnati, OH$26,051,875
Northern Maine Development Commission (NMDC)Caribou, ME$12,637,728
Data update history
January 2, 2024
Received grants
Identified 1 new grant, including a grant for $300,000 from Community Foundation for Southeast Michigan
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
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Partially liquidatedState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
95 Perry St 404
Buffalo, NY 14203
Metro area
Buffalo-Cheektowaga, NY
County
Erie County, 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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