2016-06-21T11:42:42-05:00 2015-12-31 160765486 LUMSDEN & MCCORMICK LLP 369 FRANKLIN STREET BUFFALO NY 14202 990 2015-01-01 222413596 BUFFALO & ERIE COUNTY INDUSTRIAL LAND DEVELOPMENT CORPORATION BUFF 7168566525 95 PERRY STREET NO 403 BUFFALO NY 14203 STEVE WEATHERS CEO 7168566525 2016-06-13 1 SARA M DAYTON CPA P00040031 7168563300 2015 2016-09-27 15:27:22Z STEVE WEATHERS 95 PERRY STREET NO 403 BUFFALO NY 14203 1775747 0 X WWW.ECIDANY.COM X 1981 NY BUFFALO AND ERIE COUNTY INDUSTRIAL LAND DEVELOPMENT CORPORATION (ILDC) IS AN ISSUER OF TAX-EXEMPT BOND FINANCING FOR NOT-FOR-PROFIT ENTITIES. ADDITIONALLY, IT WAS INCORPORATED FOR THE PURPOSE OF PARTICIPATING IN THE ACQUISITION AND DEVELOPMENT OF INDUSTRIAL SITES AND TO PROVIDE FINANCIAL ASSISTANCE FOR THE ACQUISITION OR RENOVATION OF FIXED ASSETS BY INDUSTRIAL COMPANIES LOCATING OR EXPANDING IN ERIE COUNTY. THE ILDC MANAGES A NUMBER OF REVOLVING LOAN FUNDS DEDICATED TO IMPROVING ECONOMIC CONDITIONS IN ERIE COUNTY. IN 2009 ALL ACTIVITIES EXCEPT SBA MICROLOAN AND ERIE COUNTY BUSINESS DEVELOPMENT FUND WERE TRANSFERRED TO ECIDA. REMAINING NET ASSETS ARE UNDER THE DIRECT GOVERNANCE OF ERIE COUNTY, NY. 7 7 0 7 0 0 0 0 1306 1775747 15 0 0 0 1321 1775747 0 0 0 0 0 0 0 0 0 18953 1793770 18953 1793770 -17632 -18023 277162 285902 1129 27892 276033 258010 X BUFFALO AND ERIE COUNTY INDUSTRIAL LAND DEVELOPMENT CORPORATION (ILDC) IS AN ISSUER OF TAX-EXEMPT BOND FINANCING FOR NOT-FOR-PROFIT ENTITIES. ADDITIONALLY, IT WAS INCORPORATED FOR THE PURPOSE OF PARTICIPATING IN THE ACQUISITION AND DEVELOPMENT OF INDUSTRIAL SITES AND TO PROVIDE FINANCIAL ASSISTANCE FOR THE ACQUISITION OR RENOVATION OF FIXED ASSETS BY INDUSTRIAL COMPANIES LOCATING OR EXPANDING IN ERIE COUNTY. THE ILDC MANAGES A NUMBER OF REVOLVING LOAN FUNDS DEDICATED TO IMPROVING ECONOMIC CONDITIONS IN ERIE COUNTY. IN 2009 ALL ACTIVITIES EXCEPT SBA MICROLOAN AND ERIE COUNTY BUSINESS DEVELOPMENT FUND WERE TRANSFERRED TO ECIDA. REMAINING NET ASSETS ARE UNDER THE DIRECT GOVERNANCE OF ERIE COUNTY, NY. 0 0 1766264 1775747 ERIE COUNTY BUSINESS DEVELOPMENT FUND - PROGRAM SERVICE EXPENSES ARE INCURRED IN THE COURSE OF PROVIDING FINANCIAL ASSISTANCE TO COMPANIES INVESTING OR EXPANDING IN ERIE COUNTY. 27506 SBA MICROLOAN FUND- EXPENSES ARE INCURRED IN THE COURSE OF PROVIDING SMALL BUSINESS LOANS. 1793770 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 X 7 7 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X MOLLIE PROFIC 7168566525 95 PERRY STREET SUITE 403 BUFFALO NY 14203 MARK C POLONCARZ CHAIRMAN 1.00 1.50 X X 0 0 0 BYRON W BROWN DIRECTOR 1.00 1.50 X 0 0 0 JOHN J MILLS DIRECTOR 1.00 X 0 0 0 RICHARD LIPSITZ JR DIRECTOR 1.00 2.00 X 0 0 0 JOHN MUDIE DIRECTOR 1.00 1.50 X 0 0 0 MARIA WHYTE DIRECTOR 1.00 X 0 0 0 EDWARD A RATH III DIRECTOR 1.00 1.50 X 0 0 0 STEVE WEATHERS CEO 0.00 37.50 X 0 140516 33053 ANDREW SCHOEPPICH CFO/TREASURER 1.00 31.50 X 0 128860 17061 JOHN CAPPELLINO EXECUTIVE VICE PRESIDENT 1.00 36.50 X 0 143510 34204 KAREN FIALA ASSISTANT TREASURER 1.00 36.50 X 0 99631 24194 MOLLIE PROFIC ASSISTANT TREASURER 0.25 36.00 X 0 37112 12179 THERESA CARPENTER ASSISTANT TREASURER (THROUGH JUNE 2015) 1.00 34.50 X 0 56977 16608 0 606606 137299 0 0 1 0 0 ADMINISTRATIVE FEES 525990 1764488 1764488 LOAN RECOVERIES 525990 10759 10759 INTEREST ON NOTES RECE 525990 500 500 1775747 1775747 1775747 0 0 445 445 325 325 TRANSFER TO RELATED PAR 1764488 1764488 DEVELOPMENT COSTS 27416 27416 MISCELLANEOUS 1096 1096 1793770 1793770 0 0 77564 77474 160796 201334 38802 7094 277162 285902 189 29 940 27863 1129 27892 X 77563 50057 198470 207953 276033 258010 277162 285902 -18023 0 X X 0 1 X 1 0 X 80751 111081 241997 1306 1764988 2200123 80751 111081 241997 1306 1764988 2200123 0 0 0 2200123 10 14 15 39 10 14 15 39 80751 111091 242011 1321 1764988 2200162 1.00000 1.00000 0.00000 X 0 DUE TO AFFILIATES 27863 27863 X 1764988 0 1764988 10759 10759 1775747 1783011 0 1783011 10759 10759 1793770 PART X, LINE 2: INDUSTRIAL LAND DEVELOPMENT CORPORATION (ILDC) IS A 501(C)(3) ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 509(A) OF THE INTERNAL REVENUE CODE. MANAGEMENT BELIEVES ILDC IS NO LONGER SUBJECT TO EXAMINATION BY FEDERAL TAXING AUTHORITIES FOR YEARS ENDED PRIOR TO DECEMBER 31, 2012. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOAN RECOVERIES PART XII, LINE 4B - OTHER ADJUSTMENTS: LOAN RECOVERIES 0 0 0 0 0 0 0 0 0 STEVE WEATHERS CEO 0 140516 0 0 0 0 0 16800 0 16253 0 173569 0 0 JOHN CAPPELLINO EXECUTIVE VICE PRESIDENT 0 143510 0 0 0 0 0 17252 0 16952 0 177714 0 0 PART I, LINE 3 THE RELATED PARTY HAS A COMPENSATION COMMITTEE OF THE BOARD WHICH DETERMINES THE COMPENSATION PACKAGE FOR THE CEO/EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION A, LINE 2 THERE ARE SEVERAL BOARD MEMBERS WHO ARE EMPLOYED BY THE CITY OF BUFFALO AND ERIE COUNTY, RESPECTIVELY. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE CORPORATION (THE "MEMBER") IS THE COUNTY OF ERIE ACTING BY AND THROUGH THE ERIE COUNTY EXECUTIVE, EX OFFICIO. FORM 990, PART VI, SECTION A, LINE 7A PER THE BYLAWS OF THE CORPORATION, THERE ARE THREE "DESIGNATED DIRECTORS" - THE CURRENT CHAIRPERSON OF THE ERIE COUNTY LEGISLATURE, THE CURRENT CHAIRPERSON OF THE ERIE COUNTY LEGISLATURE'S ECONOMIC DEVELOPMENT COMMITTEE, AND THE CURRENT PRESIDENT OF THE LOCAL AFL-CIO. THE REMAINING FOUR DIRECTORS ARE APPOINTED BY THE MEMBER AND SERVE AT THE MEMBER'S DISCRETION. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD RECEIVES A COPY OF THE FORM 990 BY E-MAIL TO REVIEW BEFORE THE FORM IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD HAS STRONG OVERSIGHT OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS AND CERTAIN POLICIES AND GOVERNING DOCUMENTS ARE POSTED ON THE ORGANIZATION'S WEBSITE AT WWW.ECIDANY.COM FORM 990, PART XII, LINE 2C: NO CHANGE IN PROCESS FROM PRIOR YEAR. ERIE COUNTY INDUSTRIAL DEVELOPMENT AGENCY 95 PERRY STREET SUITE 403 BUFFALO NY 14203 161090858 ECONOMIC DEVELOPMENT ASSISTANCE NY GOVERNMENT N/A 0 BUFFALO & ERIE COUNTY REG DEV CO 95 PERRY STREET SUITE 403 BUFFALO NY 14203 222255223 ECONOMIC DEVELOPMENT LENDING NY 501(C)(3) 170(B)1(A)VI N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 ERIE COUNTY INDUSTRIAL DEVELOPMENT AGENCY M 27863 FMV