2017-11-14T16:29:05-06:00 2016-12-31 043728817 Tronconi Segarra & Associates LLP 8321 Main Street Williamsville NY 14221 990 2016-01-01 205148995 Richardson Center Corporation RICH 7166011150 444 Forest Avenue Buffalo NY 14213 mark kercher cpa treasurer 7166011150 2017-10-25 1 Adam P Ohar CPA P00844640 7166331373 2017-10-25 50.75.183.162 2017-10-25 09:45:11 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 F70E7A65F91661120E84AAB05EF1B63D2B1D860F 2016 2017-02-10 21:41:12Z X paul hojnacki 444 Forest Avenue Buffalo NY 14213 10866845 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. 18 18 3 50 0 0 13691682 3822023 33489 6969080 35845 17244 0 58498 13761016 10866845 0 0 0 0 140259 193187 0 0 44166 117609 159830 257868 353017 13503148 10513828 70996285 81270298 201233 302756 70795052 80967542 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. 182381 6982958 the first phase of reuse completed in 2016 created a hotel, conference and event space. an architecture center was created for buffalo is scheduled to be open in 2018. Reuse planning for the remaining buildings and grounds is underway. 563 44620 TOURS of the campus. Directing the stabilization and rehabilitation of the National historic landmark in buffalo, new york known as the richardson olmsted complex 182944 1 1 0 0 0 0 0 0 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 7 0 3 1 0 0 0 0 0 0 0 0 0 0 X 18 18 1 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 stanford lipsey chairman (Deceased in 2016) 5.00 X X 0 0 0 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 monica pellegrino faix executive director 40.00 X 85234 0 13021 85234 0 13021 0 0 0 0 0 746348 3075675 3822023 Developer Fee 900099 6924460 6924460 TOur and open houses 900099 44620 44620 6969080 17244 17244 miscellaneous 900099 58498 58498 58498 10866845 7027578 0 17244 98255 68779 29476 73454 51418 22036 5707 3995 1712 4819 3373 1446 10952 7666 3286 12108 1835 10273 18403 2788 15615 3840 3840 41818 1627 8850 31341 3350 2047 1303 4053 4053 5763 5763 1509 1509 5507 5507 34800 34800 7479 7479 Project Development COs 12825 12825 8375 563 7812 353017 182944 125907 44166 X 17919 3412608 10335113 4080 13473095 974170 1385 2299 3701599 87000 3297231 3614599 43871542 73262542 70996285 81270298 82748 70242 118485 232514 201233 302756 X 68280252 78487542 2514800 2480000 70795052 80967542 70996285 81270298 10513828 -341338 0 X X 0 1 X 1 0 X 1961479 3004285 42538565 13691682 3822023 65018034 1961479 3004285 42538565 13691682 3822023 65018034 1198435 63819599 4113 2343 668 35845 17244 60213 65078247 139653 0.98070 0.99930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1175000 1175000 1392000 87000 1305000 1134599 1134599 3614599 investment in richardson center development fund company 70362542 Developer Fee Receivable 2900000 73262542 LINE OF CREDIT 90000 due to related party 142514 232514 10863005 0 10863005 3840 3840 10866845 349177 0 349177 3840 3840 353017 Form 990, Part VI, Section A, line 2 Chairman Stanford Lipsey and Treasurer Paul Hojnacki have a family relationship. 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 $5,879,418 investment in related entity $70,362,542 Designated to Architecture center $2,245,583 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. rcdc associates llc 444 Forest Avenue buffalo NY 14213 800810491 REAL ESTATE DEVELOPMENT NY 0 0 richardson center corporation 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 -320688 70362542 1.00000 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 richardson center development corporation B 25159838 actual payments Richardson center development QALICB LLC C 6924460 actual payments Form 990, Schedule R, Part V, Line 2: DURING THE YEAR ENDED DECEMBER 31, 2016 THE ORGANIZATION MADE CAPITAL CONTRIBUTIONS TO RICHARDSON CENTER DEVELOPMENT CORPORATION ("RCDC") IN THE AMOUNT OF $25,159,838. 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. Form 990, Schedule R, Part V, Line 2: The organization will serve as the developer for the Campus' core project in accordance with a written development agreement with RCDC QALICB. The organization received a development fee in the amount of $6,924,460 during the year ended december 31, 2016.