2026-05-12T10:09:05+00:00 2025-06-30 135565207 KPMG LLP 515 Broadway 4th Floor Albany NY 12207 990 2024-07-01 161372560 UBF Faculty-Student Housing Corp UBFF 7166453013 BOX 900 BUFFALO NY 142260900 PATRICK E RICHEY CHIEF FINANCIAL OFFICER 7166453013 2026-05-12 true STEPHANIE LONCZAK P01880207 5184274600 2026-05-05 2024 2025-03-06 01:10:19Z ANASTACIA S KNAPPER BOX 900 BUFFALO NY 142260900 29876497 false X WWW.UB-FOUNDATION.ORG X 1997 NY SEE SCHEDULE O 7 7 0 8 0 0 28279057 29543215 909621 5625 259202 0 29447880 29548840 740000 740000 0 0 0 0 20210653 21052481 20950653 21792481 8497227 7756359 147269745 148211777 99531720 92730811 47738025 55480966 TO SUPPORT THE EDUCATIONAL PURPOSES OF THE UNIVERSITY AT BUFFALO AND TO LESSEN THE BURDEN OF GOVERNMENT BY ACQUIRING, CONSTRUCTING, RENOVATING AND MAINTAINING RESIDENTIAL FACILITIES FOR STUDENTS AND FACULTY. false false 21792481 740000 29543215 THE ORGANIZATION CONSTRUCTS AND OPERATES HOUSING FOR STUDENTS OF THE STATE UNIVERSITY OF NEW YORK AT BUFFALO. ADEQUATE, AFFORDABLE HOUSING IS A NECESSARY COMPONENT IN FULFILLING THE EDUCATIONAL PURPOSE OF THE UNIVERSITY. 21792481 true false false false false false false false false false true false false false true true false true false false false false false false false false false true false true true false false false false false false false false false false false false false false false true false false false false true 17 0 true 0 false false false false false false false false false false false false X 7 7 false false false false false false false true true false false false true true true true true true false false false false NY X X PATRICK E RICHEY 7166453013 BOX 900 BUFFALO NY 14226 STEVEN H SHEPSMAN CHAIR/DIRECTOR 1.0 4.0 X X 0 0 0 DANIEL M HAMISTER DIRECTOR 1.0 4.0 X 0 0 0 DANIELLE SHAINBROWN DIRECTOR 1.0 4.0 X 0 0 0 DAVID CHIAZZA DIRECTOR (until 1/3/2025) 1.0 3.0 X 0 0 0 JEAN POWERS DIRECTOR 1.0 4.0 X 0 0 0 PAUL A NUSSBAUM DIRECTOR 1.0 4.0 X 0 0 0 RONALD SCHREIBER DIRECTOR 1.0 3.0 X 0 0 0 TERRENCE M GILBRIDE VICE CHAIR/DIRECTOR 1.0 4.0 X 0 0 0 ANASTACIA S KNAPPER CHIEF EXECUTIVE OFFICER 1.0 33.0 X 0 389550 74275 PATRICK RICHEY CHIEF FINANCIAL OFFICER 1.0 33.0 X 0 270017 32350 0 659567 106625 0 false true false O'CONNELL ELECTRIC CO INC BOX 8000 DEPT NO 342 BUFFALO NY 14267 ELECTRICAL CONSTRUCTION 2264097 GREATER NIAGARA MECHANICAL INC 7311 WARD ROAD NORTH TONAWANDA NY 14120 CONTRACTOR 1705132 WEAVER METAL & ROOFING INC 40 APPENHEIMER AVENUE BUFFALO NY 14214 CONTRACTOR 1187935 WILMINGTON TRUST 1100 NORTH MARKET STREET WILMINGTON DE 19890 INVESTMENTS 579692 IDEAL BATHROOM SOLUTIONS 2851 BROADWAY ST SUITE 800 CHEEKTOWAGA NY 14227 BATH REMODELING 486427 21 0 HOUSING PROGRAM 611710 29543215 29543215 0 0 0 0 29543215 333282 333282 0 0 327657 0 -327657 -327657 -327657 0 0 0 0 0 29548840 29543215 0 5625 740000 740000 5969560 5969560 1080 1080 78375 78375 0 0 13402 13402 75190 75190 8292175 8292175 4196 4196 1474 1474 6224609 6224609 OTHER EXPENSES 163987 163987 BAD DEBT EXPENSE 117935 117935 FIRE & SAFETY 74208 74208 BANK AND INVESTMENT FEE 36290 36290 0 0 0 0 21792481 21792481 0 0 54135351 54846639 877606 819839 0 0 0 0 0 189618915 97199970 91777865 92418945 0 0 478923 126354 147269745 148211777 4433817 2984011 464284 481455 92810168 87428476 0 0 1823451 1836869 99531720 92730811 X 47738025 55480966 47738025 55480966 147269745 148211777 X 7756359 -13418 X true X true X true false X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 6000000 6000000 20417720 26597944 27597980 28279057 29543215 132435916 0 0 0 20417720 26597944 33597980 28279057 29543215 138435916 0 0 6000000 0 0 6000000 0 0 0 0 0 0 0 0 6000000 0 0 6000000 132435916 120806 41612 209771 382037 333282 1087508 0 120806 41612 209771 382037 333282 1087508 0 0 0 0 0 0 0 20538526 26639556 33807751 28661094 29876497 139523424 0.94920 0.94839 0.01 0.0066 X 0 0 0 0 0 0 404658 404658 131441359 70913309 60528050 37185378 13625096 23560282 20587520 12661565 7925955 92418945 Federal Income Taxes INTEREST RATE SWAP 1836869 1836869 X 28795422 -13418 -740000 -753418 29548840 0 0 29548840 21052481 0 0 21052481 740000 740000 21792481 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote FIN 48 (ASC 740 FOOTNOTE) THE INTERNAL REVENUE SERVICE HAS RULED THAT UBF FACULTY-STUDENT HOUSING CORP. IS QUALIFIED UNDER SECTION 501 (C) (3) OF THE INTERNAL REVENUE CODE AND IS, THEREFORE, GENERALLY NOT SUBJECT TO TAX ON RELATED INCOME UNDER PRESENT FEDERAL INCOME TAX LAWS, AND IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509 (A) (3) OF THE INTERNAL REVENUE CODE. UBF FACULTY-STUDENT HOUSING CORP. FOLLOWS THE PROVISIONS OF ASC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHEREBY IT RECOGNIZES INCOME TAX POSITIONS WHEN IT IS MORE-LIKELY THAN-NOT THE POSITION WILL BE SUSTAINABLE BASED ON THE MERITS OF THE POSITION. MANAGEMENT HAS CONCLUDED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT NEED TO BE RECORDED AT JUNE 30, 2025 OR 2024. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 RECLASS OF GRANT EXPENSE - -740000 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements RECLASS OF GRANT EXPENSE - 740000 true UB FOUNDATION ACTIVITIES INC BOX 900 BUFFALO NY 14226 161537468 501(C)(3) 740000 0 EDUCATIONAL SUPPORT 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds PROCEDURES FOR MONITORING USE OF GRANT FUNDS IN U.S. UBF FACULTY-STUDENT HOUSING CORP.'S ASSISTANCE TO ORGANIZATIONS IN THE U.S. CONSISTS OF SUPPORT TO CHARITABLE ORGANIZATIONS. WHILE THE ORGANIZATION DOES NOT MONITOR THE USE OF THESE FUNDS, THE ORGANIZATION ONLY CONTRIBUTES TO OTHER CHARITABLE ORGANIZATIONS WHOSE MISSION AND WORK ARE WELL KNOWN BY THE ORGANIZATION AND ARE TRUE TO THEIR CHARITABLE PURPOSES. UBF FACULTY-STUDENT HOUSING CORP. ONLY GIVES GRANTS TO AFFILIATED ORGANIZATIONS WHO ARE WORKING TO SUPPORT THE UNIVERSITY AT BUFFALO. false false false false false false false false false ANASTACIA S KNAPPER CHIEF EXECUTIVE OFFICER 0 389550 0 0 0 0 0 46364 0 27911 0 463825 0 0 PATRICK RICHEY CHIEF FINANCIAL OFFICER 0 270017 0 0 0 0 0 31835 0 515 0 302367 0 0 PART I AND PART II COMPENSATION UBF FACULTY-STUDENT HOUSING CORP. DOES NOT COMPENSATE ANY OFFICERS, DIRECTORS, OR KEY EMPLOYEES. CERTAIN INDIVIDUALS RECEIVED COMPENSATION FROM A RELATED ORGANIZATION AND THE PROCESS OF DETERMINING COMPENSATION IS CONDUCTED AT THE RELATED ORGANIZATION'S LEVEL, USING A COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. A AMHERST DEVELOPMENT CORP (SERIES 2010B) 222867364 031358AX2 2010-08-26 23975000 REFUND 2000 BOND ISSUE false false false B AMHERST DEVELOPMENT CORP (SERIES 2017A) 222867364 013158AY0 2017-10-26 71487667 REFUND 2010A BOND false false false C AMHERST DEVELOPMENT CORP (SERIES 2021A) 222867364 03135NBH3 2021-12-22 25897937 REFUND 2010B BOND ISSUE false false false A 9748475 23975000 346898 87654 23540448 2010 true false true true B 21753455 71487667 1081971 309343 70096353 2017 false true true true C 3762431 25897937 493149 96668 25308120 2021 true false false true A false false false false false false 0 0 0.0 false false 0 false false B false true false false false false 0.0094 0 0.0094 false false 0 false true C false false false false false false 0 0 0.0 false false 0 false true A false false false true true true BNY MELLON 25.0 false false false 0 false false true B false false false true false false 0 false false false 0 false false true C false true false false true false 0 false false false 0 false false true A true B true C true REBATE CALCULATION REBATE COMPUTATIONS WERE PERFORMED ON 11/24/2025 FOR THE 2010B AND 2017A BOND ISSUES. Form 990, Part I, Line 1 DESCRIPTION OF ORGANIZATION MISSION: TO SUPPORT THE EDUCATIONAL PURPOSES OF THE UNIVERSITY AT BUFFALO AND TO LESSEN THE BURDEN OF GOVERNMENT BY ACQUIRING, CONSTRUCTING, RENOVATING, AND MAINTAINING RESIDENTIAL FACILITIES FOR STUDENTS AND FACULTY. Form 990, Part VI, Line 11b Review of form 990 by governing body FORM 990 REVIEW PROCESS AFTER THE FORM 990 HAS BEEN PREPARED AND COMPLETED INTERNALLY, IT IS REVIEWED BY THE ORGANIZATION'S MANAGEMENT. AN EXTERNAL REVIEW OF THE 990 IS THEN PERFORMED BY THE ORGANIZATION'S OUTSIDE ACCOUNTANTS (KPMG). THE ORGANIZATION'S BOARD OF DIRECTORS HAS DELEGATED THE REVIEW PROCESS TO THE AUDIT COMMITTEE OF THE UNIVERSITY AT BUFFALO FOUNDATION, INC., AN AFFILIATED ENTITY. THE FORM 990 IS DISCUSSED AT A MEETING OF THE AUDIT COMMITTEE PRIOR TO FILING THE RETURN. UPON COMPLETION OF THE AUDIT COMMITTEE'S REVIEW, THE FORM 990 IS MADE AVAILABLE TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING THE RETURN WITH THE INTERNAL REVENUE SERVICE. Form 990, Part VI, Line 12c Conflict of interest policy EXPLANATION OF MONITORING AND ENFORCEMENT OF CONFLICTS ALL DIRECTORS AND OFFICERS OF THE ORGANIZATION ARE REQUIRED TO COMPLETE A WRITTEN CONFLICT OF INTEREST DISCLOSURE STATEMENT ON AN ANNUAL BASIS. THEY ARE ALSO REQUIRED TO PROVIDE ANY UPDATED INFORMATION ON POTENTIAL CONFLICTS THAT ARISE PRIOR TO THE COMPLETION OF THE DISCLOSURE STATEMENT. ALL DISCLOSURE STATEMENTS ARE REVIEWED BY THE ORGANIZATION'S MANAGEMENT. ALL SITUATIONS THAT ARE DEEMED TO REPRESENT A CONFLICT AS DESCRIBED IN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ARE REPORTED TO THE BOARD CHAIR. THE CONFLICTED INDIVIDUAL MUST RECUSE HIMSELF OR HERSELF DURING THE DISCUSSION OF AND VOTING ON AN ACTION THAT INVOLVES THE IDENTIFIED CONFLICT. Form 990, Part VI, Line 19 Required documents available to the public OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILABLE THE FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. IN ADDITION, THE FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AND THE FORM 990 IS AVAILABLE AT CANDID.ORG. Form 990, Part XI, Line 9 Other changes in net assets or fund balances SWAP CONTRACT VALUATION - -13418; Total - -13418; UNIVERSITY AT BUFFALO FOUNDATION INC BOX 900 BUFFALO NY 14226 160865182 EDUCATION SVC NY 501(c)(3) 7 NA false UBF CORP BOX 900 BUFFALO NY 14226 510164454 EDUCATION SVC NY 501(c)(2) NA false FNUB INC BOX 900 BUFFALO NY 14226 161537468 EDUCATION SVC NY 501(c)(3) 7 NA false UNIV AT BUFFALO FOUND INCUBATOR INC BOX 900 BUFFALO NY 14226 161301210 EDUCATION SVC NY 501(c)(3) Type III-FI NA false false false false false false false false false false false false false false true true false false false false