2018-10-23T14:50:51-05:00 2017-12-31 043728817 TRONCONI SEGARRA & ASSOCIATES LLP 8321 MAIN STREET WILLIAMSVILLE NY 14221 990 2017-01-01 205148995 RICHARDSON CENTER CORPORATION RICH 7166011150 444 FOREST AVENUE BUFFALO NY 14213 MARK KERCHER CPA TREASURER 7166011150 2018-10-23 1 MICHAEL B DOLAN CPA P00141357 7166331373 2018-10-23 50.75.183.162 2018-10-23 09:43:19 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 174A32C502F59299A83B56F00E0A6C7DFA8C712D 2017 2018-06-14 16:35:46Z PAUL HOJNACKI 444 FOREST AVENUE BUFFALO NY 14213 1357086 0 X WWW.RICHARDSON-OLMSTED.COM X 2006 NY WE ENVISION THE REHABILITATION OF THE NATIONAL HISTORIC LANDMARK RICHARDSON OLMSTED COMPLEX (THE FORMER BUFFALO STATE ASYLUM FOR THE INSANE), COMPRISED OF THE H. H. RICHARDSON-DESIGNED BUILDINGS AND FREDERICK LAW OLMSTED-DESIGNED GROUNDS, TO BE THE CROWNING JEWEL OF A MIXED-USE, MULTI-PURPOSE CIVIC CAMPUS OF PUBLIC AND PRIVATE ACTIVITIES. 19 19 3 50 0 0 3822023 1202757 6969080 51900 17244 1846 58498 100583 10866845 1357086 0 0 0 0 193187 201457 0 0 0 159830 755940 353017 957397 10513828 399689 81270298 78604157 302756 3495413 80967542 75108744 X WE ENVISION THE REHABILITATION OF THE NATIONAL HISTORIC LANDMARK RICHARDSON OLMSTED CAMPUS (THE FORMER BUFFALO STATE ASYLUM FOR THE INSANE), COMPRISED OF THE H. H. RICHARDSON-DESIGNED BUILDINGS AND FREDERICK LAW OLMSTED-DESIGNED GROUNDS, TO BE THE CROWNING JEWEL OF A MIXED-USE, MULTI-PURPOSE CIVIC CAMPUS OF PUBLIC AND PRIVATE ACTIVITIES.BY COMBINING CONTEMPORARY IDEAS WITH OUR 19TH CENTURY INHERITANCE, WE WILL CREATE TO THE HIGHEST STANDARDS A NATIONALLY SIGNIFICANT, 21ST CENTURY, ECONOMICALLY SELF-SUSTAINING AND ENVIRONMENTALLY SOUND RICHARDSON OLMSTED CAMPUS AS A PLACE FOR ARCHITECTURAL, EDUCATIONAL, CULTURAL, AND RECREATIONAL ACTIVITIES FOR THE BENEFIT OF THE RESIDENTS OF AND VISITORS TO THE RICHARDSON COMMUNITY, THE MUSEUM DISTRICT, THE ELMWOOD VILLAGE, AND THE ENTIRE BUFFALO NIAGARA REGION. 0 0 FACILITATE THE REHABILITATION AND REUSE OF THE NATIONAL HISTORIC LANDMARK RICHARDSON OLMSTED CAMPUS LOCATED IN BUFFALO, NEW YORK. 648371 100583 CONTINUED CONSTRUCTION AND DEVELOPMENT OF CAMPUS: A HOTEL, CONFERENCE AND EVENT SPACE, AND AN ARCHITECTURE CENTER WAS CREATED FOR BUFFALO AND WERE COMPLETED LATE 2016. HOTEL HENRY URBAN RESORT CONFERENCE CENTER AND THE KITCHENS AT HOTEL HENRY ("HOTEL HENRY"), A PUBLIC RESTAURANT, OPENED IN 2017. THE RICHARDSON ARCHITECTURE CENTER, INC. DBA LIPSEY ARCHITECTURE CENTER OF BUFFALO (THE "LACB"), IS SCHEDULED TO OPEN IN 2019. THE REMAINING BUILDINGS ARE BEING STABILIZED PENDING FUTURE OPPORTUNITIES. UNDER CONSIDERATION FOR ADDITIONAL BUILDINGS ARE RESIDENTIAL, ACADEMIC, ARTS AND CULTURE USE. 176797 51900 PROGRAMMING, EVENTS, TOURS AND OTHER CAMPUS EVENTS AVAILABLE TO THE PUBLIC. AMONG THESE EVENTS, IN JULY 2017 THE ORGANIZATION COLLABORATED WITH THE BUFFALO PHILHARMONIC ORCHESTRA TO PERFORM A CELEBRATORY LIGHT SHOW AND CONCERT TO CELEBRATE THE SUCCESSFUL COMPLETION OF THE FIRST PHASE OF REDEVELOPMENT AND THANK THE COMMUNITY FOR THEIR SUPPORT. 825168 1 1 0 0 0 0 0 1 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 15 0 3 1 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X MOLLY QUACKENBUSH 7166011150 444 FOREST AVENUE BUFFALO NY 14213 PAUL R HOJNACKI PRESIDENT 5.00 X X 0 0 0 PAUL CIMINELLI VICE CHARIMAN 5.00 X X 0 0 0 MARK KERCHER CPA TREASURER 5.00 X X 0 0 0 CHRISTOPHER GREENE SECRETARY 5.00 X X 0 0 0 CLINTON BROWN DIRECTOR 5.00 X 0 0 0 KATHERINE CONWAY TURNER DIRECTOR 5.00 X 0 0 0 EVA HASSETT DIRECTOR 5.00 X 0 0 0 KELLY HAYES MCALONIE DIRECTOR 5.00 X 0 0 0 GAIL JOHNSTONE DIRECTOR 5.00 X 0 0 0 WILLIAM JONES DIRECTOR 5.00 X 0 0 0 BARBARA CAMPAGNA DIRECTOR 5.00 X 0 0 0 SUSANNE BAIR DIRECTOR 5.00 X 0 0 0 JEFFREY WELLINGTON DIRECTOR 5.00 X 0 0 0 MICHAEL BONITATIBUS DIRECTOR 5.00 X 0 0 0 ANTHONY MASIELLO DIRECTOR 5.00 X 0 0 0 MOLLY QUACKENBUSH DIRECTOR 5.00 X 0 0 0 RICK SMITH DIRECTOR 5.00 X 0 0 0 JAMES OBLETZ DIRECTOR 5.00 X 0 0 0 PATRICK J WHALEN DIRECTOR 5.00 X 0 0 0 MONICA PELLEGRINO FAIX EXECUTIVE DIRECTOR 40.00 X 76538 0 12055 76538 0 12055 0 0 0 0 BAV SERVICES 10 SONWIL DR BUFFALO NY 14225 PRODUCTION AND TECHNOLOGY SERVICES 139659 1 373990 828767 1202757 SPECIAL EVENTS AND TOU 900099 51900 51900 51900 1846 1846 MISCELLANEOUS 900099 100583 100583 100583 1357086 152483 0 1846 88593 62015 26578 90360 63252 27108 5751 4026 1725 5019 3513 1506 11734 8214 3520 22048 3340 18708 23748 3599 20149 8590 3684 4906 2666 1525 1141 3939 3939 3406 3406 6851 6851 1394 1394 34800 34800 88908 83505 5403 PUBLIC EVENTS EXPENSE 176797 176797 PROJECT DEVELOPMENT COS 156415 156415 REPAIRS & MAINTENANCE 119649 119649 SECURITY EXPENSE 96895 96895 9834 9834 957397 825168 132229 0 X 3412608 588012 4080 1005926 974170 919918 2299 2823 2577000 121800 3614599 2455200 73262542 73632278 81270298 78604157 70242 2957922 232514 537491 302756 3495413 X 78487542 72663544 2480000 2445200 80967542 75108744 81270298 78604157 X 399689 -2619972 -3638515 X X 0 1 X 1 0 X 3004285 42538565 13691682 1202051 1202757 61639340 3004285 42538565 13691682 1202051 1202757 61639340 61639340 2343 668 35845 17244 1846 57946 61697286 191553 0.99910 0.98070 X SCHEDULE A, PART II, LINE 1: IN 2017, THE ORGANIZATION DETERMINED THAT PREVIOUSLY RECORDED CAPITAL CAMPAIGN CONTRIBUTION REVENUE DESIGNATED FOR THE LIPSEY ARCHITECTURE CENTER OF BUFFALO ("LACB") SHOULD MORE APPROPRIATELY BE RECORDED AS REVENUE OF LACB FOR THE YEAR ENDED DECEMBER 31, 2016. AS A RESULT, AN ADJUSTMENT OF $2,619,972 WAS MADE TO THE PREVIOUSLY REPORTED CAPITAL CAMPAIGN CONTRIBUTION REVENUE AND AN OTHER PAYABLE LACB FOR THIS AMOUNT WAS ALSO RECORDED BY THE ORGANIZATION, RESULTING IN A RESTATEMENT OF NET ASSETS OF $2,619,972 AT DECEMBER 31, 2016. AS SUCH, THE TOTAL AMOUNT OF GIFTS, GRANTS, CONTRIBUTIONS AND MEMBERSHIP FEES ON LINE 1 FOR 2016 IS LACB ADJUSTED FROM $3,822,023 TO $1,202,051 TO REFLECT THE ADJUSTMENT. 10000 X 0 1175000 1175000 1392000 121800 1270200 10000 10000 2455200 INVESTMENT IN RICHARDSON CENTER DEVELOPMENT FUND COMPANY 73630118 DEVELOPER FEE RECEIVABLE 2160 73632278 LINE OF CREDIT 500000 DUE TO RELATED PARTY 37491 537491 1357086 0 1357086 0 1357086 957397 0 957397 0 957397 PART III, LINE 4: THE ORGANIZATION COLLECTS VARIOUS LOCAL ARTWORK TO EXHIBIT AROUND THE CAMPUS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE TREASURER AND SECRETARY AND AN ELECTRONIC COPY IS PROVIDED FOR REVIEW BY THE OTHER DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY AND ALL DIRECTORS ARE REQUIRED TO COMPLETE ACKNOWLEGMENT FORMS. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION OF THE ORGANIZATION'S EXECUTIVE DIRECTOR IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE ON A YEARLY BASIS. RESEARCH IS DONE BY REVIEWING SURVEYS AND COMPENSATION INFORMATION OF EQUIVALENT POSITIONS IN OTHER LOCAL CHARITIES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND TAX RETURN AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART X, LINE 27(B): UNRESTRICTED NET ASSETS ARE COMPRISED OF THE FOLLOWING CLASSIFICATIONS: UNDESIGNATED ($966,574) INVESTMENT IN RELATED ENTITY $73,630,118 FORM 990, PART XI, LINE 9: IMPAIRMENT OF PREVIOUSLY CAPITALIZED NON-CORE PROJECT DEVELOPMENT COSTS -1,134,599. LOSS FROM RICHARDSON CENTER DEVELOPMENT CORPORATION -2,503,916. FORM 990, PART XII, LINE 2C: THE FINANCIAL AND AUDIT COMMITTEES REVIEW AND COMMENT ON THE FINANCIAL STATEMENTS, PARTICIPATE IN THE AUDIT BY ANSWERING ANY QUESTIONS POSED BY THE AUDITORS AND MAKE RECOMMENDATIONS TO THE BOARD. THEY ALSO SELECTED THE INDEPENDENT AUDITOR THROUGH AN RFP PROCESS WHICH EVALUATED BOTH QUALIFICATIONS AND PRICE. FORM 990, PART XI, LINE 8: IN 2017, THE ORGANIZATION DETERMINED THAT PREVIOUSLY RECORDED CAPITAL CAMPAIGN CONTRIBUTION REVENUE DESIGNATED FOR THE LIPSEY ARCHITECTURE CENTER OF BUFFALO ("LACB") SHOULD MORE APPROPRIATELY BE RECORDED AS REVENUE OF LACB FOR THE YEAR ENDED DECEMBER 31, 2016. AS A RESULT, AN ADJUSTMENT OF $2,619,972 WAS MADE TO THE PREVIOUSLY REPORTED CAPITAL CAMPAIGN CONTRIBUTION REVENUE AND AN OTHER PAYABLE LACB FOR THIS AMOUNT WAS ALSO RECORDED BY THE ORGANIZATION, RESULTING IN A RESTATEMENT OF NET ASSETS OF $2,619,972 AT DECEMBER 31, 2016. RCDC ASSOCIATES LLC 444 FOREST AVENUE BUFFALO NY 14213 800810491 REAL ESTATE DEVELOPMENT NY 0 0 RICHARDSON CENTER CORPORATION RICHARDSON ARCHITECTURE CENTER INC 298 MAIN STREET BUFFALO NY 14202 261868261 ARCHITECTURAL DEVELOPMENT NY 501(C)(3) LINE 7 N/A 1 RCC MASTER TENANT LLC 444 FOREST AVENUE BUFFALO NY 14213 471447894 REAL ESTATE RENTAL NY N/A RELATED 0 1 0.01000 RICHARDSON CENTER DEVELOPMENT QALICB LLC 444 FOREST AVENUE BUFFALO NY 14213 455160528 REAL ESTATE DEVELOPMENT NY RICHARDSON CENTER DEVELOPMENT CORPORATION RELATED 0 0 RICHARDSON CENTER DEVELOPMENT CORPORATION 444 FOREST AVENUE BUFFALO NY 14213 611680478 REAL ESTATE DEVELOPMENT NY RICHARDSON CENTER CORPORATION C -2503916 73635218 1.00000 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 RICHARDSON CENTER DEVELOPMENT CORPORATION B 5771492 ACTUAL PAYMENTS RICHARDSON CENTER DEVELOPMENT QALICB LLC P 142514 ACTUAL PAYMENTS RICHARDSON CENTER DEVELOPMENT QALICB LLC Q 532930 ACTUAL PAYMENTS RCC MASTER TENANT LLC D 1000000 ACTUAL PAYMENTS RCC MASTER TENANT LLC S 500000 ACTUAL PAYMENTS FORM 990, SCHEDULE R, PART V, LINE 2: DURING THE YEAR ENDED DECEMBER 31, 2017 THE ORGANIZATION MADE CAPITAL CONTRIBUTIONS TO RICHARDSON CENTER DEVELOPMENT CORPORATION ("RCDC") IN THE AMOUNT OF $5,771,492. THE FUNDS WERE ORIGINALLY RECEIVED BY THE ORGANIZATION THROUGH AN EMPIRE STATE DEVELOPMENT CORPORATION GRANT DISBURSEMENT AGREEMENT AND THEN CONTRIBUTED TO RCDC, WHICH FORWARDED THE FUNDS TO RICHARDSON CENTER DEVELOPMENT QALICB, LLC FOR THEIR USE TOWARDS CORE PROJECT DEVELOPMENT COSTS.