Richardson Center Corporation
- Assets
- $58.5m
- Revenue
- $311.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Buffalo, NY
- Founding
- 07/2007
- Data as of
- 12/2023
- EIN
- 20-5148995
Organization Overview
Richardson Center Corporation is located in Buffalo, NY. The organization was established in 2007. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Richardson Center Corporation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richardson Center Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Richardson Center Corporation generated $311.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (35.9%) each year. All expenses for the organization totaled $508.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE REHABILITATION OF THE NATIONAL HISTORIC LANDMARK RICHARDSON OLMSTED CAMPUS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FACILITATE THE REHABILITATION, REDEVELOPMENT AND CONTINUED CONSTRUCTION OF THE NATIONAL HISTORIC LANDMARK RICHARDSON OLMSTED CAMPUS LOCATED IN BUFFALO, NEW YORK.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Hojnacki Chairperson | OfficerTrustee | 3 | $0 |
Paul Ciminelli Vice Chairperson | OfficerTrustee | 0.5 | $0 |
Mark Kercher Treasurer | OfficerTrustee | 1 | $0 |
Christopher Greene Secretary | OfficerTrustee | 3 | $0 |
Michael Anthony Director | Trustee | 0.75 | $0 |
Michael Bonitatibus Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jameson Roofing Co Inc Roofing | 12/30/19 | $109,058 |
Napier & Sons Inc Landscaping/snow Plowing/grounds Care | 12/30/19 | $103,181 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $131,852 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $131,852 |
| Total Program Service Revenue | $0 |
| Investment income | $14,303 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $311,633 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,788 |
| Compensation of current officers, directors, key employees. | $7,578 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,084 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,723 |
| Payroll taxes | $8,003 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,129 |
| Fees for services: Accounting | $61,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,870 |
| Advertising and promotion | $1,596 |
| Office expenses | $2,131 |
| Information technology | $6,497 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,488 |
| Interest | $59,736 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,652 |
| Insurance | $5,558 |
| All other expenses | $0 |
| Total functional expenses | $508,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,780 |
| Savings and temporary cash investments | $318,239 |
| Pledges and grants receivable | $4,200 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $517,482 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,818 |
| Net Land, buildings, and equipment | $3,104,333 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $54,390,451 |
| Total assets | $58,533,303 |
| Accounts payable and accrued expenses | $305,468 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $912,057 |
| Total liabilities | $1,217,525 |
| Net assets without donor restrictions | $57,227,996 |
| Net assets with donor restrictions | $87,782 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $58,533,303 |