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Buffalo Urban Development Corporation
Buffalo Urban Development Corporation reported $38.3 million in revenue and $32.7 million in expenses for calendar year 2024. Of every $100 it spent, $98.57 went to program services, $1.43 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 97.0% of the total. Government grants made up 32.9%. The highest compensation it reported for one person was $156,714 (PRESIDENT). 2 people received more than $100,000 in reportable compensation. Revenue rose 14% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $33MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $38MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 98.6% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 1.4% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 97.0% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 32.9% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.3% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $156,714 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.48% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 2 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 31.5 | 9.2 |
| Independent voting board members Part VI 1a–1b | 18 of 18 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseThe 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…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Officer, 37.25 hrs/week | $130,533 | $0 | $26,181 | $156,714 |
| EXECUTIVE VICE PRESIDENT Officer, 37.25 hrs/week | $112,344 | $0 | $40,813 | $153,157 |
2 people received more than $100,000 in reportable compensation from Buffalo Urban Development Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $368K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b18 · 18 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 55
- Volunteers Part I, line 621
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| LABELLA ASSOCIATES Architectural & engineering services | $474,906 |
| HURWITZ & FINE PC Attorney services | $194,254 |
Individuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Buffalo Urban Development Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Buffalo Urban Development Corporation, you can publish a response that is linked from this page.
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Of every $100 Buffalo Urban Development Corporation spent in 2024, $98.57 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
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- Northwest Indiana Community Action CorporationCrown Point, IN · revenue $38M · programs 92.7% · 2025
- Alliance Member ServicesSanta Cruz, CA · revenue $38M · programs 97.7% · 2024
- International Foundation of Employee Benefit PlansBrookfield, WI · revenue $37M · programs 63.6% · 2024
All community improvement & capacity building charities · Largest charities in New York
Questions people ask
How much of Buffalo Urban Development Corporation's spending goes to programs?
In calendar year 2024, Buffalo Urban Development Corporation reported that 98.6% of its $32.7 million in expenses went to program services, 1.4% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Buffalo Urban Development Corporation pay its top executive?
The largest total compensation Buffalo Urban Development Corporation reported for one person in calendar year 2024 was $156,714, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Buffalo Urban Development Corporation get its money?
Of $38.3 million in revenue in calendar year 2024, 97.0% came from contributions and grants (including 32.9% from government grants) and 0.3% from program service revenue (Form 990, Part VIII).
Is Buffalo Urban Development Corporation a registered charity?
The IRS lists EIN 22-2324226 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202541299349301104 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202411349349302051 · read the filing
- 2022: Form 990 for calendar year 2022, object 202321359349310707 · read the filing
- 2021: Form 990 for calendar year 2021, object 202221799349301457 · read the filing
- 2020: Form 990 for calendar year 2020, object 202143099349301274 · read the filing
- 2019: Form 990 for calendar year 2019, object 202002309349300005 · read the filing
All filings for EIN 22-2324226: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.