Overview
What is Buffalo & Erie County Industrial Land Development Corporation?
Buffalo & Erie County Industrial Land Development Corporation (ILDC) is a nonprofit organization primarily focused on providing tax-exempt bond financing for not-for-profit entities in Erie County, New York. Established with the purpose of acquiring and developing industrial sites and offering financial assistance for the acquisition or renovation of fixed assets by industrial companies, the ILDC manages a revolving loan fund to enhance economic conditions in the region. Additionally, the corporation collaborates with various entities, offering administrative and staffing services in exchange for administrative fees related to bond transactions. The ILDC also incurs expenses associated with the remediation of blighted land.
Official website here: www.ecidany.com
Is Buffalo & Erie County Industrial Land Development Corporation legitimate?
Buffalo & Erie County Industrial Land Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Buffalo & Erie County Industrial Land Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ecidany.com
What is the mission statement of Buffalo & Erie County Industrial Land Development Corporation?
The Buffalo & Erie County Industrial Land Development Corporation (ILDC) serves as an issuer of tax-exempt bond financing for not-for-profit entities. Incorporated with a purpose to stimulate economic growth, ILDC participates in the acquisition and development of industrial sites and provides financial assistance for the acquisition or renovation of fixed assets by industrial companies expanding within the area. To further enhance economic conditions, ILDC manages a revolving loan fund. The corporation's mission aims to support industrial development and expansion, ultimately contributing to overall economic improvement.
Official website here: www.ecidany.com
Who is the CEO of Buffalo & Erie County Industrial Land Development Corporation?
John Cappellino is the Chairman of Buffalo & Erie County Industrial Land Development Corporation. The CEO's salary of Buffalo & Erie County Industrial Land Development Corporation is $0 and their total compensation is $229,632.
Official website here: www.ecidany.com
What is the revenue of Buffalo & Erie County Industrial Land Development Corporation?
Buffalo & Erie County Industrial Land Development Corporation's revenue in 2022 was $2,060,345.
Official website here: www.ecidany.com
Who are the executives of Buffalo & Erie County Industrial Land Development Corporation and what are their salaries?
- John Cappellino (President/Ceo)
- Mollie Profic (Treasurer)
- Elizabeth O'Keefe (Vice President And Secretary)
- Grant Lesswing (Director Of Business Development)
- Mark Poloncarz (Chairman) [Trustee/Director]
- Denise Abbott (Director)
- April Baskin (Director)
- Byron Brown (Director)
- Daniel Castle (Director)
- Howard Johnson (Director)
- Richard Lipsitz (Director)
Official website here: www.ecidany.com
Where can I find the form 990 for Buffalo & Erie County Industrial Land Development Corporation?
The Buffalo & Erie County Industrial Land Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.ecidany.com
Learn more at the official website: www.ecidany.com
Mission Statement of Buffalo & Erie County Industrial Land Development Corporation
Buffalo & Erie County Industrial Land Development Corporation, often referred to as ILDC, serves a crucial role in boosting economic growth within its jurisdiction. Established with a mission, the organization is primarily responsible for issuing tax-exempt bond financing to not-for-profit entities. Beyond this, ILDC was incorporated with the intention of participating in the acquisition and development of industrial sites, as well as providing financial assistance for the acquisition or renovation of fixed assets by industrial companies expanding or relocating in Erie County.
In line with its mission, ILDC manages a revolving loan fund, which is dedicated to enhancing economic conditions within Erie County. This fund plays a significant role in supporting industrial companies, enabling them to secure financing for their growth and expansion projects. By providing financial assistance, ILDC helps to create a conducive environment for businesses, ultimately contributing to the overall economic development of the region.
Impact
This information is meant to be a general summary of Buffalo & Erie County Industrial Land Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Buffalo & Erie County Industrial Land Development Corporation plays a crucial role in facilitating economic development in Erie County, particularly for industrial businesses. By issuing tax-exempt bond financing and providing financial assistance for the acquisition and renovation of fixed assets, the organization supports industrial companies in expanding and locating within the county. This assistance not only helps businesses grow but also contributes to job creation and overall economic growth in the region. Additionally, through its revolving loan fund dedicated to improving economic conditions, the corporation actively works towards enhancing the economic landscape of Erie County.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$190,700
INTEREST ON LOANS
Revenue
$11,630
Organization Details
Founding Year
1981
Phone
(716) 856-6525
Principal Officer
John Cappellino
Main Address
95 PERRY STREET 403, BUFFALO, NY, 14203
Website
www.ecidany.com
NTEE Category
Code: S31Z - Community improvement
If you are a representative of Buffalo & Erie County Industrial Land Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.