2016-05-16T10:50:59-05:00 2015-12-31 043728817 Tronconi Segarra & Associates LLP 8321 Main Street Williamsville NY 14221 990 2015-01-01 205148995 Richardson Center Corporation RICH 7166011150 726 Exchange Street No 1006 Buffalo NY 14210 monica pellegrino faix executive director 7166011150 2016-05-16 1 Kathleen A Grieco CPA P00759978 7166331373 2016-05-13 2015 2016-09-27 15:27:22Z paul r hojnacki 726 Exchange Street No 1006 Buffalo NY 14210 14759798 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 16 2 50 0 0 42505736 13691682 32829 33489 668 35845 0 0 42539233 13761016 0 0 0 0 127276 140259 0 0 0 49787 117609 177063 257868 42362170 13503148 58663026 70996285 350173 201233 58312853 70795052 X 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. 0 0 356 Facilitate the planning for rehabilitation and reuse of the national historic landmark in buffalo, New York known as the richardson olmsted complex. 146360 Design and Facilitate the core project development. The project will include the creation of a hotel, event and conference center and an architecture center for Buffalo. 0 0 33489 TOURS AND OPEN HOUSE EVENTS Directing the stabilization and rehabilitation of the national historic landmark in buffalo, new york known as the richardson olmsted complex. 146716 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 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 5 0 2 1 0 0 0 0 0 0 0 0 0 0 X 18 16 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X MONICA PELLEGRINO FAIX 7166011150 726 exchange street suite 1006 buffalo NY 14210 stanford lipsey chairman 5.00 X X 0 0 0 HOWARd ZEMSKY PRESIDENT (former) 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 THOMAS HERRERA-MISHLER DIRECTOR (FORMER) 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 MAYOR 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 70108 0 9824 70108 0 9824 0 0 0 0 0 13665371 26311 13691682 TOur and open houses 900099 33489 33489 33489 34946 34946 999681 998782 899 899 899 13761016 33489 0 35845 70108 49076 21032 43633 30543 13090 6128 4290 1838 11986 8390 3596 8404 5883 2521 4760 4760 23440 23440 11744 11744 5036 5036 631 631 9982 4137 5845 3574 3574 3925 3925 3375 3375 1141 1141 34800 34800 2675 2675 planning for rehabilita 356 356 12170 12170 257868 146716 111152 0 X 13042 17919 436 10335113 250675 13473095 1234145 0 26077 1385 3349431 52200 2969582 3297231 54169069 43871542 58663026 70996285 286675 82748 63498 118485 350173 201233 X 54747209 68280252 3565644 2514800 58312853 70795052 58663026 70996285 X 13503148 -1020949 X X 0 1 X 1 0 X 6034572 1961479 3004285 42538565 13691682 67230583 6034572 1961479 3004285 42538565 13691682 67230583 67230583 5723 4113 2343 668 35845 48692 67279275 95033 0.99930 0.99980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1175000 1175000 1392000 52200 1339800 782431 782431 3297231 investment in richardson center development fund company 43871542 43871542 LINE OF CREDIT 50000 due to related party 68485 118485 X 13749272 0 13749272 11744 11744 13761016 246124 0 246124 11744 11744 257868 Part X, Line 2: FIN 48: Accounting for Uncertainty in Income Taxes - The Organization's management evaluates its tax positions to determine whether it is more likely than not that a tax position will be sustained upon examination, including resolution of any related appeals or litigation, based on technical merits of the tax position. Management has analyzed the Organization's tax positions and has concluded that, as of December 31, 2015 and 2014, there are no uncertain positions taken or expected to be taken that would require disclosure in the financial statements. 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 11 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 $835,846 designated for core project $23,572,864 investment in related entity $43,871,542 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 9: The Organization's operations have been funded mostly by grants from Empire State Development Corporation ("ESDC"). Certain funds from ESDC were deposited with the Dormitory Authority of the State of New York ("DASNY"). DASNY was primarily Responsible for managing construction activities relating to the Complex through 2014. DASNY released funds to vendors on behalf of the Organization as stabilization and rehabilitation work progressed. During the year ended December 31, 2015, an amount of $1,020,949 was returned by the Organization to ESDC and was redesignated for the organization's Core Project development. rcdc associates llc 726 Exchange Street Suite 1006 buffalo NY 14210 800810491 REAL ESTATE DEVELOPMENT NY -61 0 richardson center corporation rcc master tenant llc 726 exchange street suite 1006 buffalo NY 14210 471447894 real estate rental NY N/A related 0 1 0.01000 richardson center development qalicb llc 726 exchange street suite 1006 buffalo NY 14210 455160528 REAL ESTATE DEVELOPMENT NY richardson center development corporation related 0 0 RICHARDSON CENTER DEVELOPMENT CORPORATION 726 Exchange Street Suite 1006 BUFFALO NY 14210 611680478 REAL ESTATE DEVELOPMENT NY RICHARDSON CENTER CORPORATION C -16680 43850744 1.00000 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 richardson center development corporation B 20880223 actual payments richardson center development corporation S 31177750 actual payments Form 990, Schedule R, Part V, Line 2: DURING THE YEAR ENDED DECEMBER 31, 2015 THE ORGANIZATION MADE CAPITAL CONTRIBUTIONS TO RICHARDSON CENTER DEVELOPMENT CORPORATION ("RCDC") IN THE AMOUNT OF $20,880,223. 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. DURING THE YEAR ENDED DECEMBER 31, 2015, THE ORGANIZATION RECEIVED A RETURN OF CAPITAL FROM RCDC IN THE AMOUNT OF $31,177,750 IN ORDER TO TAKE ADVANTAGE OF CERTAIN COST SAVING MEASURES.