Nonprofit · EIN 22-2324226
BUFFALO URBAN DEVELOPMENT CORPORATION
Tax-exempt · BUFFALO, NY 14203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $38,271,014 | $32,729,756 | $5,541,258 | $171,915,585 | $85,980,119 | $85,935,466 |
| December 31, 2023 | 990 | $32,541,280 | $33,066,651 | -$525,371 | $185,671,246 | $105,277,038 | $80,394,208 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $37,137,425
- of which government grants
- $12,609,026
- Program service revenue
- $132,628
- Investment income
- $626,966
- Net rental income
- $92,551
- Other revenue
- $373,995
Expenses
- Grants and similar amounts paid
- $27,201,615
- Compensation of officers, directors and key employees
- $367,775
- Salaries, compensation and benefits (total)
- $495,817
- Professional fundraising fees
- $0
- Legal fees
- $221,917
- Accounting fees
- $21,848
- Occupancy
- $1,091,902
- Travel
- $7,481
- Depreciation
- $80,528
- Program services (functional)
- $32,262,209
- Management and general (functional)
- $467,547
Balance sheet and other
- Total assets, start of year
- $185,671,246
- Total assets, end of year
- $171,915,585
- Total liabilities, end of year
- $85,980,119
- Net assets, end of year
- $85,935,466
- Land, buildings and equipment
- $13,222,284
- Net assets without donor restrictions
- $85,898,254
- Net assets with donor restrictions
- $37,212
- Gross unrelated business income
- $521,937
- Gross receipts
- $38,271,014
- Employees
- 5
- Volunteers
- 21
- Year formed
- 1978
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRANDYE MERRIWEATHER | PRESIDENT Officer | 37.25 | $130,533 | $26,181 |
| REBECCA GANDOUR | EXECUTIVE VICE PRESIDENT Officer | 37.25 | $112,344 | $40,813 |
| BRYAN BOLLMAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CATHERINE AMDUR | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CHRISTOPHER SCANLON | CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 |
| DANIEL CASTLE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DARBY FISHKIN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DAVID NASCA | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DENNIS ELSENBECK | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DENNIS PENMAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DOTTIE GALLAGHER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ELIZABETH HOLDEN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JANIQUE CURRY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KAREN UTZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KIMBERLEY MINKEL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CRYSTAL MORGAN | DIRECTOR Trustee or director | 0.5 | $0 |
| NATHAN MARTON | DIRECTOR Trustee or director | 0.5 | $0 |
| SCOTT BYLEWSKI | DIRECTOR Trustee or director | 0.5 | $0 |
| THOMAS HALLIGAN | DIRECTOR Trustee or director | 0.5 | $0 |
| THOMAS KUCHARSKI | DIRECTOR Trustee or director | 0.5 | $0 |
| KEVIN ZANNER | SECRETARY Officer | 7.25 | $0 |
| MOLLIE PROFIC | TREASURER Officer | 8 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRANDYE MERRIWEATHER | PRESIDENT Officer | 37.5 | $124,484 | $24,706 |
| REBECCA GANDOUR | EXECUTIVE VICE PRESIDENT Officer | 37.5 | $107,344 | $37,834 |
| HON BYRON BROWN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| DENNIS PENMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CATHERINE AMDUR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOTTIE GALLAGHER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JANIQUE CURRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DENNIS ELSENBECK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DARBY FISHKIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS KUCHARSKI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRENDAN MEHAFFY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KIMBERLEY MINKEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID NASCA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TRINA BURRUSS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS HALLIGAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELIZABETH HOLDEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL CASTLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NATHAN MARTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KAREN UTZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT BYLEWSKI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER SCANLON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MOLLIE PROFIC | TREASURER Officer | 9 | $0 | $0 |
| KEVIN ZANNER | SECRETARY Officer | 7.25 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 95 PERRY ST STE 404, BUFFALO, NY 14203-3030
- In care of
- % MOLLIE PROFIC
- Principal officer (990 for 2024)
- BRANDYE MERRIWEATHER, 95 PERRY STREET 404, BUFFALO, NY 14203
- Signed the 990
- BRANDYE MERRIWEATHER, PRESIDENT
- Phone
- (716) 856-6525
- Return prepared by
- FREED MAXICK PC
Mission
SUPPORT THE URBAN ECONOMIC DEVELOPMENT EFFORTS OF THE REGION THROUGH THE ACQUISITION, REMEDIATION AND MANAGEMENT OF DISTRESSED PROPERTIES
Program accomplishments
- 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.Expenses $32,262,209 · grants $27,201,615 · revenue $426,012
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 22-2324226
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S99)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-T | December 2025 | – | – | – | IRS |
| 990 | December 2024 | $38,271,014 | $32,729,756 | $171,915,585 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $32,541,280 | $33,066,651 | $185,671,246 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $8,441,091 | $10,138,633 | $135,361,384 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2324226).
Questions about BUFFALO URBAN DEVELOPMENT CORPORATION
- What is the EIN of BUFFALO URBAN DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of BUFFALO URBAN DEVELOPMENT CORPORATION is 22-2324226.
- Is BUFFALO URBAN DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to BUFFALO URBAN DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BUFFALO URBAN DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BUFFALO URBAN DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BUFFALO URBAN DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BUFFALO URBAN DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names BRANDYE MERRIWEATHER.
- Who are the officers and directors of BUFFALO URBAN DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 22 people; 2 received compensation from the organization, the highest $130,533 (BRANDYE MERRIWEATHER, PRESIDENT).
- How much revenue does BUFFALO URBAN DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $38,271,014, expenses of $32,729,756 and total assets of $171,915,585 at year end.
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