1. Directory
  2. New York
  3. Amherst
  4. Town of Amherst Development Corporation
EIN 22-2867364

Town of Amherst Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Amherst
State
New York
Year formed
1988
Most recent tax filings
2023-12-01
NTEE code, primary
T20: Private Foundations
Description
The Town of Amherst Development Corporation (ADC) is described as a conduit for issuance of tax-exempt financing for not-for-profit borrowers, such as colleges and universities and civic groups, such as the YMCA. The ADC can also act as an administrator of grant monies on behalf of myriad projects. The ADC policies and procedures are consistent with those of AIDA. On an annual basis, the ADC Board of Directors review and affirm that the policies and procedures are current and accurate.
Total revenues
$4,000
2023
Total expenses
$9,878
2023
Total assets
$23,932
2023
Num. employees
0
2023

Program areas at Town of Amherst Development Corporation

The Corporation charges an administrative fee for issuing tax-exempt bonds within the Town of Amherst

Who funds Town of Amherst Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Russell J Salvatore FoundationGeneral$50,000

Personnel at Town of Amherst Development Corporation

NameTitleCompensation
David S MingoiaExecutive Director$0

Financials for Town of Amherst Development Corporation

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Investment income and dividends$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Gross sales of inventory$0
Miscellaneous revenues$4,000
Total revenues$4,000

Form 990s for Town of Amherst Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-01990PFView PDF
2022-122024-05-01990PFView PDF
2022-122023-05-09990PFView PDF
2021-122024-05-01990PFView PDF
2021-122022-09-06990PFView PDF
...and 10 more Form 990s
Data update history
February 4, 2024
Received grants
Identified 1 new grant, including a grant for $50,000 from Russell J Salvatore Foundation
July 8, 2023
Posted financials
Added Form 990PF for fiscal year 2022
June 30, 2023
Updated personnel
Identified 1 new personnel
June 28, 2023
Posted financials
Added Form 990PF for fiscal year 2020
June 10, 2023
Posted financials
Added Form 990PF for fiscal year 2021
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
4287 Main St
Amherst, NY 14226
Metro area
Buffalo-Cheektowaga, NY
County
Erie County, NY
Website URL
amherstida.com/development-corporation 
Phone
(716) 688-9000
IRS details
EIN
22-2867364
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1988
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
Free account sign-up

Want updates when Town of Amherst Development Corporation has new information, or want to find more organizations like Town of Amherst Development Corporation?

Create free Cause IQ account
Cause IQ is a website that helps companies grow, maintain, and serve their nonprofit clients, and helps nonprofits find additional foundation funding. Our data and tools help professionals prospect for nonprofits, research opportunities, benchmark their clients, and enrich existing information.
Nonprofits
Product
Customers
About

© 2024 Nonprofit Metrics LLC
Terms of Service and Privacy Policy