Buffalo & Erie County Industrial Land Development Corp
Buffalo & Erie County Industrial Land Development Corp: Mixed Financials, Strong Asset Base
EIN: 222413596 · Buffalo, NY · NTEE: S31Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $6.5M |
| Program Spending | 70% |
| Net Assets | $7.6M |
| Transparency Score | 75/100 |
Is Buffalo & Erie County Industrial Land Development Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Buffalo & Erie County Industrial Land Development Corp directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Buffalo & Erie County Industrial Land Development Corp
Buffalo & Erie County Industrial Land Development Corp (EIN: 222413596) is a nonprofit organization based in Buffalo, NY, classified under NTEE code S31Z. The organization reported total revenue of $2.4M and total assets of $17.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Buffalo & Erie County Industrial Land Development Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Buffalo & Erie County Industrial Land Development Corp is a mid-size nonprofit that has been operating for 44 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 17.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.8M |
| Total Expenses | $6.5M |
| Surplus / Deficit | +$236K |
| Total Assets | $17.1M |
| Total Liabilities | $9.6M |
| Net Assets | $7.6M |
| Operating Margin | 3.5% |
| Debt-to-Asset Ratio | 55.8% |
| Months of Reserves | 31.4 months |
Financial Health Grade: A
In 2023, Buffalo & Erie County Industrial Land Development Corp reported a surplus of $236K with revenue exceeding expenses, holds 31.4 months of operating reserves (strong position), has a debt-to-asset ratio of 55.8% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Buffalo & Erie County Industrial Land Development Corp's revenue has grown at a compound annual growth rate (CAGR) of 17.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +229.2% | +154.4% | -9.4% |
| 2022 | +22.6% | +199.2% | +7.6% |
| 2021 | +8.2% | +11.7% | +87.2% |
| 2020 | +38.9% | -49.4% | +13.1% |
| 2019 | -65.2% | -53.7% | -1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Buffalo & Erie County Industrial Land Development Corp with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Buffalo & Erie County Industrial Land Development Corp allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $236K, with revenue exceeding expenses.
- Debt-to-asset ratio: 55.8%.
Executive Compensation Analysis
Executive compensation cannot be assessed from the provided data, as specific figures for individual executives are not included in the financial summaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Buffalo & Erie County Industrial Land Development Corp's IRS 990 filings:
- Significant fluctuation in revenue and expenses year-over-year, e.g., revenue dropped from $7,006,039 in 2017 to $447,587 in 2016, then spiked to $6,783,218 in 2023, indicating potential reliance on large, infrequent projects or grants.
- Expenses exceeded revenue in multiple years (e.g., 2022: revenue $2,060,345 vs. expenses $2,573,622; 2019: revenue $1,117,568 vs. expenses $1,520,216), suggesting periods of deficit spending or investment.
- Lack of specific executive compensation details makes it impossible to evaluate fairness or alignment with organizational performance.
Strengths
The following positive indicators were identified for Buffalo & Erie County Industrial Land Development Corp:
- Consistent growth in assets, from $232,657 in 2016 to $17,148,460 in 2023, demonstrating strong financial health and capacity for future development.
- Low liability-to-asset ratio in most years, indicating a healthy balance sheet and limited financial risk.
- No reported lobbying expenses ('c0%'), suggesting a focus on direct mission activities rather than political influence.
- Significant revenue generation in recent years, with $6,783,218 in 2023, indicating successful fundraising or project execution.
Frequently Asked Questions about Buffalo & Erie County Industrial Land Development Corp
Is Buffalo & Erie County Industrial Land Development Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Buffalo & Erie County Industrial Land Development Corp (EIN: 222413596) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does Buffalo & Erie County Industrial Land Development Corp spend its money?
Buffalo & Erie County Industrial Land Development Corp directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Buffalo & Erie County Industrial Land Development Corp tax-deductible?
Buffalo & Erie County Industrial Land Development Corp is registered as a tax-exempt nonprofit (EIN: 222413596). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Buffalo & Erie County Industrial Land Development Corp's spending goes to programs?
Buffalo & Erie County Industrial Land Development Corp directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Buffalo & Erie County Industrial Land Development Corp compare to similar nonprofits?
With a transparency score of 75/100 (Good), Buffalo & Erie County Industrial Land Development Corp is above average for NTEE category S31Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Buffalo & Erie County Industrial Land Development Corp located?
Buffalo & Erie County Industrial Land Development Corp is headquartered in Buffalo, New York and files with the IRS under EIN 222413596. It is classified under NTEE code S31Z.
How many years of IRS 990 filings does Buffalo & Erie County Industrial Land Development Corp have?
Buffalo & Erie County Industrial Land Development Corp has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.4M in total revenue.
What does Buffalo & Erie County Industrial Land Development Corp do?
Buffalo & Erie County Industrial Land Development Corp is a nonprofit organization in the Community Improvement sector, located in Buffalo, New York. It is classified under NTEE code S31Z.
How much revenue does Buffalo & Erie County Industrial Land Development Corp have?
Buffalo & Erie County Industrial Land Development Corp reported total revenue of $2,384,551. Based on 14 IRS 990 filings on record.
What are Buffalo & Erie County Industrial Land Development Corp's total assets?
Buffalo & Erie County Industrial Land Development Corp holds total assets of $17,096,469 as reported in IRS 990 filings.
Where is Buffalo & Erie County Industrial Land Development Corp located?
Buffalo & Erie County Industrial Land Development Corp is based in Buffalo, New York.
What is Buffalo & Erie County Industrial Land Development Corp's EIN?
Buffalo & Erie County Industrial Land Development Corp's Employer Identification Number (EIN) is 222413596. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Buffalo & Erie County Industrial Land Development Corp?
Buffalo & Erie County Industrial Land Development Corp is classified under NTEE code S31Z (Community Improvement).
Is Buffalo & Erie County Industrial Land Development Corp a registered 501(c)(3)?
Yes, Buffalo & Erie County Industrial Land Development Corp is recognized as a tax-exempt organization by the IRS. EIN: 222413596.
Does Buffalo & Erie County Industrial Land Development Corp file IRS Form 990?
Yes, Buffalo & Erie County Industrial Land Development Corp has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Buffalo & Erie County Industrial Land Development Corp's revenue in 2023?
In the 202312 filing period, Buffalo & Erie County Industrial Land Development Corp reported total revenue of $6,783,218, total expenses of $6,547,321, and net assets of $17,148,460.
Is Buffalo & Erie County Industrial Land Development Corp's revenue growing or declining?
Buffalo & Erie County Industrial Land Development Corp's revenue is growing. Revenue went from $2,060,345 (202212) to $6,783,218 (202312), a +229.2% change. Based on 14 filings on record.
What is Buffalo & Erie County Industrial Land Development Corp's most recent 990 filing?
The most recent IRS Form 990 filing for Buffalo & Erie County Industrial Land Development Corp covers tax period 202312. It shows revenue of $6,783,218, expenses of $6,547,321, total assets of $17,148,460, and liabilities of $9,562,904.
How much does Buffalo & Erie County Industrial Land Development Corp spend on programs vs administration?
Based on IRS 990 analysis, Buffalo & Erie County Industrial Land Development Corp allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Buffalo & Erie County Industrial Land Development Corp a trustworthy charity?
Based on AI analysis of IRS 990 data, Buffalo & Erie County Industrial Land Development Corp appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 4 strengths noted.
What are the red flags for Buffalo & Erie County Industrial Land Development Corp?
The following concerns were identified: Significant fluctuation in revenue and expenses year-over-year, e.g., revenue dropped from $7,006,039 in 2017 to $447,587 in 2016, then spiked to $6,783,218 in 2023, indicating potential reliance on large, infrequent projects or grants.. Expenses exceeded revenue in multiple years (e.g., 2022: revenue $2,060,345 vs. expenses $2,573,622; 2019: revenue $1,117,568 vs. expenses $1,520,216), suggesting periods of deficit spending or investment.. Lack of specific executive compensation details makes it impossible to evaluate fairness or alignment with organizational performance.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Buffalo & Erie County Industrial Land Development Corp's strengths?
Positive indicators for Buffalo & Erie County Industrial Land Development Corp include: Consistent growth in assets, from $232,657 in 2016 to $17,148,460 in 2023, demonstrating strong financial health and capacity for future development.. Low liability-to-asset ratio in most years, indicating a healthy balance sheet and limited financial risk.. No reported lobbying expenses ('c0%'), suggesting a focus on direct mission activities rather than political influence.. Significant revenue generation in recent years, with $6,783,218 in 2023, indicating successful fundraising or project execution.. These findings are derived from AI analysis of the organization's financial filings.
How does Buffalo & Erie County Industrial Land Development Corp compensate executives?
Executive compensation cannot be assessed from the provided data, as specific figures for individual executives are not included in the financial summaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Buffalo & Erie County Industrial Land Development Corp?
The organization's financial filings are publicly accessible, providing a good overview of revenues, expenses, and assets. However, detailed program breakdowns and specific executive compensation figures are not readily apparent within the provided data. The 'c0%' indicates no lobbying expenses, which is a positive transparency aspect. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the substantial fluctuations in revenue and expenses, what is the primary funding model or project pipeline that drives these variations, and how does the organization manage financial stability during lower revenue periods?
The data suggests a project-based or grant-dependent funding model, where large, infrequent projects significantly impact annual financials. The organization likely relies on its growing asset base and accumulated reserves to maintain operations during periods of lower revenue, as evidenced by consistent asset growth despite expense exceeding revenue in some years.
With assets growing significantly from $232,657 in 2016 to $17,148,460 in 2023, what specific types of assets are being accumulated, and how are these assets directly contributing to the organization's industrial land development mission?
The substantial asset growth likely reflects investments in land acquisition, infrastructure development, or property holdings crucial for industrial development. These assets directly support the mission by providing the physical resources necessary to attract businesses, create jobs, and stimulate economic growth in Erie County.
Filing History
IRS 990 filing history for Buffalo & Erie County Industrial Land Development Corp showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Buffalo & Erie County Industrial Land Development Corp's revenue has grown by 679.4%, moving from $870K to $6.8M. Total assets increased by 5481.3% over the same period, from $307K to $17.1M. Total functional expenses rose by 1991.2%, from $313K to $6.5M. In its most recent filing year (2023), Buffalo & Erie County Industrial Land Development Corp reported a surplus of $236K, with revenue exceeding expenses. The organization holds $9.6M in liabilities against $17.1M in assets (debt-to-asset ratio: 55.8%), resulting in net assets of $7.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.8M | $6.5M | $17.1M | $9.6M | — | View 990 |
| 2022 | $2.1M | $2.6M | $18.9M | $11.6M | — | View 990 |
| 2021 | $1.7M | $860K | $17.6M | $9.7M | — | View 990 |
| 2020 | $1.6M | $770K | $9.4M | $2.4M | — | View 990 |
| 2019 | $1.1M | $1.5M | $8.3M | $2.0M | — | View 990 |
| 2018 | $3.2M | $3.3M | $8.4M | $1.8M | — | View 990 |
| 2017 | $7.0M | $526K | $7.2M | $432K | — | View 990 |
| 2016 | $448K | $478K | $233K | $5K | — | View 990 |
| 2015 | $1.8M | $1.8M | $286K | $28K | — | View 990 |
| 2014 | $1K | $19K | $277K | $1K | — | View 990 |
| 2013 | $252K | $245K | $297K | $3K | — | View 990 |
| 2012 | $111K | $112K | $290K | $2K | — | View 990 |
| 2011 | $83K | $97K | $297K | $9K | — | View 990 |
| 2010 | $870K | $313K | $307K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.8M, expenses of $6.5M, and assets of $17.1M (revenue +229.2% year-over-year).
- 2022: Revenue of $2.1M, expenses of $2.6M, and assets of $18.9M (revenue +22.6% year-over-year).
- 2021: Revenue of $1.7M, expenses of $860K, and assets of $17.6M (revenue +8.2% year-over-year).
- 2020: Revenue of $1.6M, expenses of $770K, and assets of $9.4M (revenue +38.9% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.5M, and assets of $8.3M (revenue -65.2% year-over-year).
- 2018: Revenue of $3.2M, expenses of $3.3M, and assets of $8.4M (revenue -54.1% year-over-year).
- 2017: Revenue of $7.0M, expenses of $526K, and assets of $7.2M (revenue +1465.3% year-over-year).
- 2016: Revenue of $448K, expenses of $478K, and assets of $233K (revenue -74.8% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.8M, and assets of $286K (revenue +134324.5% year-over-year).
- 2014: Revenue of $1K, expenses of $19K, and assets of $277K (revenue -99.5% year-over-year).
- 2013: Revenue of $252K, expenses of $245K, and assets of $297K (revenue +126.6% year-over-year).
- 2012: Revenue of $111K, expenses of $112K, and assets of $290K (revenue +33.3% year-over-year).
- 2011: Revenue of $83K, expenses of $97K, and assets of $297K (revenue -90.4% year-over-year).
- 2010: Revenue of $870K, expenses of $313K, and assets of $307K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Buffalo & Erie County Industrial Land Development Corp:
Data Sources and Methodology
This transparency report for Buffalo & Erie County Industrial Land Development Corp is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.