Buffalo Erie Niagara Land Improvement Corporation

Organization Overview

Buffalo Erie Niagara Land Improvement Corporation is located in Buffalo, NY. The organization was established in 2014. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Buffalo Erie Niagara Land Improvement Corporation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buffalo Erie Niagara Land Improvement 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 12/2022, Buffalo Erie Niagara Land Improvement Corporation generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO ACQUIRE, IMPROVE, ASSEMBLE AND SELL DISTRESSED, VACANT, ABANDONED AND/OR TAX DELIQUENT PROPERTIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BENLIC UTILIZES VARIOUS PROGRAMS TO TRANSFER AND SELL PROPERTIES. MUNICIPAL TRANSFERS ARE EMPLOYED FOR DEMOLITIONS AND COMMUNITY-FUNDED REHABILITATIONS. TRANSFERS ARE ALSO USED FOR PARTNERS TO REHABILITATE PROPERTIES, INCLUDING NOT-FOR-PROFIT ORGANIZATIONS AND PROGRAMS PROMOTING MINORITY-OWNED CONTRACTORS. BENLIC'S VACANT TO VALUE PROGRAM SELLS PROPERTIES TO QUALIFIED BUYERS CAPABLE OF MAKING NECESSARY REPAIRS AND RENOVATIONS. OTHER PROPERTIES UNDERGO SIGNIFICANT REPAIRS AND RENOVATIONS AND ARE THEN SOLD BY BENLIC TO THE PUBLIC OR TO INCOME-QUALIFIED BUYERS. THIS MULTI-PROGRAMMATIC APPROACH ALLOWS BENLIC TO APPLY THE BEST METHOD TO EACH PROPERTY BASED ON THE HOUSING MARKET AND THE NEEDS OF EACH COMMUNITY. IN 2022, BENLIC ACQUIRED 6 AND DISPOSED OF 19 PROPERTIES.


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)Compensation
Brendan R Mehaffy
Chair
$0
Michael A Siragusa
Vice Chair (thru 4/22)
$0
Scott Bylewski Director
(thru 4/22), Vice Chair (eff 4/22)
$0
William Reece
Treasurer
$0
Catherine Amdur
Director (effective 3/22)
$0
Timothy A Ball
Director (thru 1/22)
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Buccilli Renovations Llc
Construction
$507,728
Ed Wojcik
Construction
$380,450
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $180,930
All other contributions, gifts, grants, and similar amounts not included above$18,600
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$199,530
Total Program Service Revenue$1,441,755
Investment income $0
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 $1,643,388

Peer Organizations

Organization NameAssets
Harristown Development Corporation
Harrisburg, PA
$18,623,535
Homestart Inc
Boston, MA
$16,639,054
The Community Action Agency Of Western Connecticut Inc
Danbury, CT
$13,618,038
South Bronx Overall Economic Development Corporation
Bronx, NY
$12,019,062
Greater Jamaica Development Corp
Jamaica, NY
$7,601,973
Massachusetts Manufacturing Extension Partnership Inc
Auburn, MA
$9,326,531
43north Bpc Inc
Buffalo, NY
$8,181,242
Economic Development Growth Enterprises Corporation
Rome, NY
$8,193,120
Rising Tide Community Loan Fund
Bethlehem, PA
$8,811,127
Dorchester Bay Economic Development Corporation
Dorchester, MA
$10,163,285
Pittsburgh Downtown Partnership
Pittsburgh, PA
$9,502,366
Newark Downtown District Management Corporation
Newark, NJ
$8,541,889
Buffalo & Erie County Industrial Land Development Corp
Buffalo, NY
$6,783,218
Rdc Commercial Center Inc
Brooklyn, NY
$4,484,188
Upper Manhattan Empowerment Zone Development Corporation
New York, NY
$5,950,446
Hester Street Collaborative Inc
New York, NY
$4,512,361
Grow America Fund Inc
New York, NY
$3,801,712
Gmdc Two Inc
Brooklyn, NY
$3,942,853
Enterprise Center
Philadelphia, PA
$6,353,979
Flatbush Development Corporation
Brooklyn, NY
$3,907,106
Metrohartford Alliance Inc
Hartford, CT
$5,912,005
North Central Pennsylvania Regional Planning And Development Commi
Ridgway, PA
$5,098,321
Union County Economic Development Corp
Cranford, NJ
$4,807,989
Ridc Ltc 48
Pittsburgh, PA
$2,513,926
Rochester Economic Development Corporation
Rochester, NY
$1,673,115

Create an account to unlock the data you need.

or