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Nybdc Local Development Corporation
Nybdc Local Development Corporation reported $13.1 million in revenue and $8.7 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $80.10 went to program services, $19.90 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 54.9% of the total. The highest compensation it reported for one person was $462,308 (CEO). 7 people received more than $100,000 in reportable compensation. Revenue rose 5% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $8.7MFor 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
The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $13MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 80.1% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 19.9% | 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 | 54.9% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 45.1% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $462,308 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 5.29% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 7 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 34.9 | 9.2 |
| Independent voting board members Part VI 1a–1b | 7 of 8 | 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
FY2025 · Form 990, Part III · the three largest programs by expenseThe corporation makes loans to small businesses on terms that would not be reasonably available from commercial lenders doing business in nys in order to: relieve and reduce unemployment, promote and provide for additional and maximum employment, aid communities in nys by encouraging the development and/or retention of industry. The corporation continues to evolve and offer a wide range of financial and business advisory services to small businesses in new york state and is now operating under the name pursuit community finance
Highest reported compensation
FY2025 · 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 |
|---|---|---|---|---|
| CEO Director/trustee, officer, 13.00 hrs/week | $0 | $462,308 | $0 | $462,308 |
| PRSIDENT Officer, 37.50 hrs/week | $308,656 | $0 | $0 | $308,656 |
| EXECUTIVE VP & CFO Officer, 1.00 hrs/week | $0 | $305,039 | $0 | $305,039 |
| VICE PRESIDENT Officer, 37.50 hrs/week | $178,792 | $0 | $0 | $178,792 |
| VICE PRESIDENT & CHIEF L Officer, 37.50 hrs/week | $0 | $178,565 | $0 | $178,565 |
| VICE PRESIDENT Officer, 37.50 hrs/week | $143,661 | $0 | $0 | $143,661 |
| VICE PRESIDENT Officer, 37.50 hrs/week | $133,141 | $0 | $0 | $133,141 |
| ASSISTANT VICE PRESIDENT Officer, 37.50 hrs/week | $130,420 | $0 | $0 | $130,420 |
7 people received more than $100,000 in reportable compensation from Nybdc Local Development Corporation (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · 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–1b8 · 7 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 11aNo
- 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 531
Private foundation grants it received
1 private foundation reported grants to Nybdc Local Development Corporation totaling $75,000 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Nybdc Local 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 Nybdc Local Development Corporation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Nybdc Local Development Corporation spent in FY2025, $80.10 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Nybdc Local Development Corporation's spending goes to programs?
In the fiscal year ending September 30, 2025, Nybdc Local Development Corporation reported that 80.1% of its $8.7 million in expenses went to program services, 19.9% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Nybdc Local Development Corporation pay its top executive?
The largest total compensation Nybdc Local Development Corporation reported for one person in the fiscal year ending September 30, 2025 was $462,308, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Nybdc Local Development Corporation get its money?
Of $13.1 million in revenue in the fiscal year ending September 30, 2025, 54.9% came from contributions and grants and 45.1% from program service revenue (Form 990, Part VIII).
Is Nybdc Local Development Corporation a registered charity?
The IRS lists EIN 26-4032355 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), 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
- FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202630369349301048 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202530949349301453 · read the filing
- FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202440329349300939 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202320419349301802 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202200359349301610 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202100159349301005 · read the filing
All filings for EIN 26-4032355: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.