FURP.ORG / PUBLIC DATA EXPLORER

RICHARDSON CENTER CORPORATION: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
RICHARDSON CENTER CORPORATION (EIN 20-5148995)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-11-13
IRS object ID
201533179349306783
Schema version
2014v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2015-11-13T14:19:46-06:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN043728817PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1TRONCONI SEGARRA & ASSOCIATES LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line18321 MAIN STREETAddressLine1Txt
CityWILLIAMSVILLECityNm
State AbbreviationNYStateAbbreviationCd
ZIP14221ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN205148995EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RICHARDSON CENTER CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlRICHBusinessNameControlTxt
Phone7166011150PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1726 EXCHANGE STREET SUITE 1006AddressLine1Txt
CityBUFFALOCityNm
State AbbreviationNYStateAbbreviationCd
ZIP14210ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPAUL HOJNACKIPersonNm
Person TitleTREASURERPersonTitleTxt
Phone7166011150PhoneNum
Signature2015-11-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL B DOLAN CPAPreparerPersonNm
PTINP00141357PTIN
Phone7166331373PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-04-25 22:37:26ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerHOWARD ZEMSKYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1726 EXCHANGE STREET SUITE 1006AddressLine1Txt
CityBUFFALOCityNm
State AbbreviationNYStateAbbreviationCd
ZIP14210ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$42,539,233GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.RICHARDSON-OLMSTED.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2006FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionWE 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.ActivityOrMissionDesc
Voting Members Governing Body15VotingMembersGoverningBodyCnt
Voting Members Independent13VotingMembersIndependentCnt
Total Employee2TotalEmployeeCnt
Total Volunteers45TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$3,004,285PYContributionsGrantsAmt
CY Contributions Grants$42,505,736CYContributionsGrantsAmt
PY Program Service Revenue$28,715PYProgramServiceRevenueAmt
CY Program Service Revenue$32,829CYProgramServiceRevenueAmt
PY Investment Income$2,343PYInvestmentIncomeAmt
CY Investment Income$668CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$3,035,343PYTotalRevenueAmt
CY Total Revenue$42,539,233CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$114,774PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$127,276CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$4,492,481PYOtherExpensesAmt
CY Other Expenses$49,787CYOtherExpensesAmt
PY Total Expenses$4,607,255PYTotalExpensesAmt
CY Total Expenses$177,063CYTotalExpensesAmt
PY Revenues Less Expenses-$1,571,912PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$42,362,170CYRevenuesLessExpensesAmt
Total Assets BOY$2,649,102TotalAssetsBOYAmt
Total Assets EOY$58,663,026TotalAssetsEOYAmt
Total Liabilities BOY$1,294,404TotalLiabilitiesBOYAmt
Total Liabilities EOY$350,173TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,354,698NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$58,312,853NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionWE 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.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$536ExpenseAmt
DescDIRECTING THE STABILIZATION AND REHABILITATION OF THE NATIONAL HISTORIC LANDMARK IN BUFFALO, NEW YORK KNOWN AS THE RICHARDSON OLMSTED COMPLEX.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$78ExpenseAmt
DescFACILITATE THE PLANNING FOR REHABILITATION AND REUSE OF THE NATIONAL HISTORIC LANDMARK IN BUFFALO, NEW YORK KNOWN AS THE RICHARDSON OLMSTED COMPLEX.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$117,154ExpenseAmt
DescDESIGN 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.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$2,900ExpenseAmt
Revenue$32,829RevenueAmt
DescTOURS AND OPEN HOUSE EVENTSDesc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$2,900TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Revenue$32,829TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$120,668TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document7IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee2EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members15GoverningBodyVotingMembersCnt
Independent Voting Member13IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint VentureYes (1)InvestmentInJointVentureInd
Written Policy Or ProcedureYes (1)WrittenPolicyOrProcedureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonMONICA PELLEGRINO FAIXPersonNm
Phone7166011150PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1726 EXCHANGE STREET SUITE 1006AddressLine1Txt
CityBUFFALOCityNm
State AbbreviationNYStateAbbreviationCd
ZIP14210ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
STANFORD LIPSEY
CHAIRMAN5.00Yes (X)Yes (X)$0$0$0
HOWARD ZEMSKY
PRESIDENT5.00Yes (X)Yes (X)$0$0$0
PAUL CIMINELLI
VICE CHARIMAN5.00Yes (X)Yes (X)$0$0$0
PAUL HOJNACKI
TREASURER5.00Yes (X)Yes (X)$0$0$0
CHRISTOPHER GREENE
SECRETARY5.00Yes (X)Yes (X)$0$0$0
CLINTON BROWN
DIRECTOR5.00Yes (X)$0$0$0
KATHERINE CONWAY TURNER
DIRECTOR5.00Yes (X)$0$0$0
EVA HASSETT
DIRECTOR5.00Yes (X)$0$0$0
KELLY HAYES MCALONIE
DIRECTOR5.00Yes (X)$0$0$0
THOMAS HERRERA-MISHLER
DIRECTOR5.00Yes (X)$0$0$0
GAIL JOHNSTONE
DIRECTOR5.00Yes (X)$0$0$0
WILLIAM JONES
DIRECTOR5.00Yes (X)$0$0$0
BARBARA CAMPAGNA
DIRECTOR5.00Yes (X)$0$0$0
SUSANNE BAIR
DIRECTOR5.00Yes (X)$0$0$0
JEFFREY WELLINGTON
DIRECTOR5.00Yes (X)$0$0$0
MONICA PELLEGRINO FAIX
EXECUTIVE DIRECTOR40.00Yes (X)$68,650$0$7,377
FieldValueIRS element (for citing)
Total Reportable Comp From Org$68,650TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$7,377TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Government Grants$42,461,895GovernmentGrantsAmt
All Other Contributions$43,841AllOtherContributionsAmt
Noncash Contributions$2,567,000NoncashContributionsAmt
Total Contributions$42,505,736TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescTOUR AND OPEN HOUSESDesc
Business900099BusinessCd
Total Revenue Column$32,829TotalRevenueColumnAmt
Related Or Exempt Func Income$32,829RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$32,829TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$668TotalRevenueColumnAmt
Exclusion$668ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$42,539,233TotalRevenueColumnAmt
Related Or Exempt Func Income$32,829RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$668ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$68,650TotalAmt
Program Services$48,055ProgramServicesAmt
Management And General$20,595ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$38,726TotalAmt
Program Services$27,108ProgramServicesAmt
Management And General$11,618ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$4,628TotalAmt
Program Services$3,240ProgramServicesAmt
Management And General$1,388ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$6,608TotalAmt
Program Services$4,626ProgramServicesAmt
Management And General$1,982ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$8,664TotalAmt
Program Services$6,065ProgramServicesAmt
Management And General$2,599ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$12,267TotalAmt
Management And General$12,267ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$687TotalAmt
Program Services$687ProgramServicesAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$7,973TotalAmt
Program Services$7,973ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,375TotalAmt
Management And General$1,375ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$647TotalAmt
Management And General$647ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$3,924TotalAmt
Management And General$3,924ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$17,400TotalAmt
Program Services$17,400ProgramServicesAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
PROJECT DEVELOPMENT COS$2,000$2,000
STABILIZATION AND REHAB$536$536
PLANNING FOR REHABILITA$78$78

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$2,900TotalAmt
Program Services$2,900ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$177,063TotalAmt
Program Services$120,668ProgramServicesAmt
Management And General$56,395ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$13,627BOYAmt
EOY$13,042EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$436BOYAmt
EOY$436EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$960,434BOYAmt
EOY$250,675EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,674,384BOYAmt
EOY$1,234,145EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$221BOYAmt
EOY$26,077EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$2,986,982LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$17,400LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$2,969,582EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$54,169,069EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,649,102BOYAmt
EOY$58,663,026EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,234,404BOYAmt
EOY$286,675EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$60,000BOYAmt
EOY$63,498EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,294,404BOYAmt
EOY$350,173EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$120,235BOYAmt
EOY$54,747,209EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,234,463BOYAmt
EOY$3,565,644EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,354,698BOYAmt
EOY$58,312,853EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,649,102BOYAmt
EOY$58,663,026EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$42,362,170ReconcilationRevenueExpnssAmt
Prior Period Adjustments$14,595,985PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$624,489CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$6,034,572CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,961,479CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,004,285CurrentTaxYearMinus1YearAmt
Current Tax Year$42,538,565CurrentTaxYearAmt
Total$54,163,390TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$624,489CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$6,034,572CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,961,479CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,004,285CurrentTaxYearMinus1YearAmt
Current Tax Year$42,538,565CurrentTaxYearAmt
Total$54,163,390TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$54,163,390PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$5,723CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$4,113CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,343CurrentTaxYearMinus1YearAmt
Current Tax Year$668CurrentTaxYearAmt
Total$12,847TotalAmt
FieldValueIRS element (for citing)
Total Support$54,176,237TotalSupportAmt
Public Support CY1700.99980PublicSupportCY170Pct
Public Support PY1700.99930PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,175,000OtherCostOrOtherBasisAmt
Book Value$1,175,000BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,392,000OtherCostOrOtherBasisAmt
Depreciation$17,400DepreciationAmt
Book Value$1,374,600BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$419,982OtherCostOrOtherBasisAmt
Book Value$419,982BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$2,969,582TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDescBook ValueBookValueAmt
DUE FROM RELATED PARTY$229,721
INVESTMENT IN RICHARDSON CENTER DEVELOPMENT FUND COMPANY$53,939,348
FieldValueIRS element (for citing)
Total Book Value Other Assets$54,169,069TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
LINE OF CREDIT$55,000
DUE TO RELATED PARTY$8,498
FieldValueIRS element (for citing)
Total Liability$63,498TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$42,556,381TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$17,148DonatedServicesAndUseFcltsAmt
Revenue Not Reported$17,148RevenueNotReportedAmt
Revenue Subtotal$42,539,233RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$42,539,233TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$194,211TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$17,148DonatedServicesUseFcltsAmt
Expenses Not Reported$17,148ExpensesNotReportedAmt
Expenses Subtotal$177,063ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$177,063TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationFIN 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, 2014 AND 2013, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE DISCLOSURE IN THE FINANCIAL STATEMENTS.ExplanationTxt

Schedule M IRS990ScheduleM

Real Estate Other RealEstateOtherGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1ContributionCnt
Noncash Contributions Rpt F990$2,567,000NoncashContributionsRptF990Amt
Method Of Determining RevenuesASSESSMENT OF PROPERTYMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2CHAIRMAN STANFORD LIPSEY AND TREASURER PAUL HOJNACKI HAVE A FAMILY RELATIONSHIP.
FORM 990, PART VI, SECTION B, LINE 11THE FORM 990 IS REVIEWED BY THE TREASURER AND SECRETARY AND IS MADE AVAILABLE FOR REVIEW BY THE OTHER DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 12CTHE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY AND ALL DIRECTORS ARE REQUIRED TO COMPLETE ACKNOWLEGMENT FORMS.
FORM 990, PART VI, SECTION B, LINE 15ACOMPENSATION 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 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND TAX RETURN AVAILABLE TO THE PUBLIC UPON REQUEST.
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 8PRIOR TO 2014, THE ORGANIZATION DID NOT HAVE OWNERSHIP OF THE LAND OR BUILDINGS OF THE COMPLEX, OR ANY LEASEHOLD INTEREST IN THE COMPLEX. AS A RESULT, THE ORGANIZATION HAS HISTORICALLY RECORDED COSTS ASSOCIATED WITH THE STRUCTURAL STABILIZATION, REHABILITATION AND DEVELOPMENT OF THE COMPLEX AS PROGRAM EXPENSE WHEN INCURRED. THE ORGANIZATION WAS GRANTED TITLE TO THE COMPLEX PROPERTY ON JUNE 26, 2014. ADDITIONALLY, AS PART OF A HISTORIC TAX CREDIT INVESTMENT WHICH FINALIZED ON SEPTEMBER 19, 2014 AND WITH WHICH THE ORGANIZATION AND CERTAIN SUBSIDIARIES OF THE ORGANIZATION ARE INVOLVED, THE ORGANIZATION MADE AN EQUITY TRANSFER TO RICHARDSON CENTER DEVELOPMENT CORPORATION IN THE AMOUNT OF $16,557,309. THIS EQUITY TRANSFER AMOUNT REPRESENTS COMPLEX DEVELOPMENT COSTS INCURRED BY THE ORGANIZATION PRIOR TO 2014 TOTALING $14,595,985 AND COSTS INCURRED DURING 2014 PRIOR TO THE TAX CREDIT INVESTMENT CLOSING ON SEPTEMBER 19, 2014 TOTALING $1,961,324. THESE COSTS ARE CONSIDERED TO BE QUALIFIED REHABILITATION EXPENDITURES FOR HISTORIC TAX CREDIT PURPOSES. IN ORDER TO COMPLETE THE EQUITY TRANSFER TO RICHARDSON CENTER DEVELOPMENT COMPANY, DURING 2014 THE ORGANIZATION APPLIED A CHANGE IN ACCOUNTING METHOD IN WHICH CERTAIN COSTS PREVIOUSLY RECOGNIZED AS PROGRAM EXPENSE WERE CONSIDERED TO HAVE BEEN CAPITALIZED AS CONSTRUCTION IN PROGRESS. THE CHANGE IN ACCOUNTING METHOD AND THE EQUITY TRANSFER TO RICHARDSON CENTER DEVELOPMENT COMPANY DESCRIBED ABOVE HAVE BEEN MADE FOR INCOME TAX PURPOSES, WHICH IS AN OTHER COMPREHENSIVE BASIS OF ACCOUNTING AND; THEREFORE, IS NOT IN CONFORMITY WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE FINANCIAL STATEMENTS OF THE ORGANIZATION OF PRIOR YEARS HAVE BEEN ADJUSTED TO RETROSPECTIVELY APPLY THIS CHANGE IN ACCOUNTING METHOD. AS A RESULT OF THIS CHANGE, THE ORGANIZATION'S NET ASSETS AS OF JANUARY 1, 2014 INCREASED BY $14,595,985.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1RCDC ASSOCIATES LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1726 EXCHANGE STREET SUITE 1006AddressLine1Txt
CityBUFFALOCityNm
State AbbreviationNYStateAbbreviationCd
ZIP14210ZIPCd
FieldValueIRS element (for citing)
EIN800810491EIN
Primary ActivitiesREAL ESTATE DEVELOPMENTPrimaryActivitiesTxt
Legal Domicile StateNYLegalDomicileStateCd
Total Income$61TotalIncomeAmt
End Of Year Assets$61EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1RICHARDSON CENTER CORPORATIONBusinessNameLine1Txt

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1RICHARDSON ARCHITECTURE CENTER INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1726 EXCHANGE STREET SUITE 1006AddressLine1Txt
CityBUFFALOCityNm
State AbbreviationNYStateAbbreviationCd
ZIP14210ZIPCd
FieldValueIRS element (for citing)
EIN261868261EIN
Primary ActivitiesTO CELEBRATE AND EDUCATE THE PUBLIC ABOUT BUFFALO'S ARCHITECTUREPrimaryActivitiesTxt
Legal Domicile StateNYLegalDomicileStateCd
Exempt Code Section501(C)(3)ExemptCodeSectionTxt
Public Charity StatusLINE 7PublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1RICHARDSON CENTER CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Controlled OrganizationYes (1)ControlledOrganizationInd

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdDirect Controlling NADirectControllingNACdPredominant Income TypePredominantIncomeTypeTxtDisproportionate AllocationsDisproportionateAllocationsIndGeneral Or Managing PartnerGeneralOrManagingPartnerIndOwnershipOwnershipPctBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
RCC MASTER TENANT LLC
726 EXCHANGE STREET SUITE 1006BUFFALONY14210471447894REAL ESTATE RENTALNYN/ARELATED0Yes (1)0.01000
RICHARDSON CENTER DEVELOPMENT QALICB LLC
726 EXCHANGE STREET SUITE 1006BUFFALONY14210455160528REAL ESTATE DEVELOPMENTNYRELATED00RICHARDSON CENTER DEVELOPMENT CORPORATION

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1RICHARDSON CENTER DEVELOPMENT CORPORATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1726 EXCHANGE STREET SUITE 1006AddressLine1Txt
CityBUFFALOCityNm
State AbbreviationNYStateAbbreviationCd
ZIP14210ZIPCd
FieldValueIRS element (for citing)
EIN611680478EIN
Primary ActivitiesREAL ESTATE DEVELOPMENTPrimaryActivitiesTxt
Legal Domicile StateNYLegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1RICHARDSON CENTER CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Entity TypeCEntityTypeTxt
Share Of Total Income-$3,970ShareOfTotalIncomeAmt
Share Of EOY Assets$54,144,169ShareOfEOYAssetsAmt
Ownership1.00000OwnershipPct
Controlled OrganizationYes (1)ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (1)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgYes (1)LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
RICHARDSON CENTER DEVELOPMENT CORPORATION
B$53,939,348ACTUAL PAYMENTS
RICHARDSON CENTER DEVELOPMENT QALICB LLC
D$229,721ACTUAL PAYMENTS