2013-06-14T12:13:11-05:00 2012-12-31 160765486 LUMSDEN & MCCORMICK LLP 369 FRANKLIN STREET BUFFALO NY 14202 990 2012-01-01 222413596 BUFFALO & ERIE COUNTY INDUSTRIAL LAND DEVELOPMENT CORPORATION BUFF 7168566525 143 GENESEE STREET BUFFALO NY 14203 AL CULLITON 7168566525 2013-05-20 1 SARA M DAYTON CPA P00040031 7168563300 2012 2016-03-07 17:11:31Z AL CULLITON 143 GENESEE STREET BUFFALO NY 14203 111091 0 X WWW.ECIDANY.COM X 1981 NY BUFFALO AND ERIE COUNTY INDUSTRIAL LAND DEVELOPMENT CORPORATION (ILDC) 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. THE CHANGE WAS MADE TO ALLOW TAX-EXEMPT FINANCING TO NOT-FOR-PROFIT ORGANIZATIONS. 7 7 0 7 0 0 0 0 83327 111081 0 10 0 0 83327 111091 0 0 0 0 0 0 0 0 0 96558 111961 96558 111961 -13231 -870 297282 289502 9252 2342 288030 287160 X BUFFALO AND ERIE COUNTY INDUSTRIAL LAND DEVELOPMENT CORPORATION (ILDC) 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. THE CHANGE WAS MADE TO ALLOW TAX-EXEMPT FINANCING TO NOT-FOR-PROFIT ORGANIZATIONS. 0 0 107974 107902 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. 3189 SBA MICROLOAN FUND- EXPENSES ARE INCURRED IN THE COURSE OF PROVIDING SMALL BUSINESS LOANS. 107974 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 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X THERESA CARPENTER 7168566525 143 GENESEE STREET BUFFALO NY 14203 MARK C POLONCARZ 1.00 X X 0 0 0 BYRON BROWN 1.00 X 0 0 0 THOMAS A LOUGHRAN 1.00 X 0 0 0 MICHAEL HOFFERT 1.00 X 0 0 0 RICHARD M TOBE 1.00 X 0 0 0 MARIA WHYTE 1.00 X 0 0 0 BETTY JEAN GRANT 1.00 X 0 0 0 ALFRED CULLITON 1.00 X 0 158998 11642 ANDREW SCHOEPPICH 1.00 X 0 110250 8920 JOHN CAPPELLINO 1.00 X 0 119977 23319 KAREN FIALA 1.00 X 0 88422 20505 THERESA CARPENTER 1.00 X 0 79121 19075 0 556768 83461 0 0 1 0 0 ADMINISTRATIVE FEES 525990 105280 105280 INTEREST ON NOTES RECE 525990 5801 5801 111081 10 10 111091 111091 0 0 2020 2020 1827 1827 TRANSFER TO RELATED PAR 105250 105250 PROVISION - LOAN LOSSES 2724 2724 BANK CHARGES 140 140 111961 107974 3987 0 49119 67183 56295 65742 191868 156577 297282 289502 64 61 9188 2281 9252 2342 X 83315 86423 204715 200737 288030 287160 297282 289502 -870 0 X X 0 1 X 1 0 X X 0 0 0 ERIE COUNTY INDUSTRIAL DEVELOPMENT AGENCY 161090858 GOVERNMENT 0 1 1 105250 1 105250 0 DUE TO AFFILIATES 2281 2281 X 111091 0 111091 0 111091 111961 0 111961 0 111961 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: 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, 2009. 0 0 0 0 0 0 0 0 0 ALFRED CULLITON 0 158998 0 0 0 0 0 10840 0 802 0 170640 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 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 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 CHANGES IN OVERSIGHT OR SELECTION OF INDEPENDENT ACCOUNTANT. ERIE COUNTY INDUSTRIAL DEVELOPMENT AGENCY 143 GENESEE STREET BUFFALO NY 14203 161090858 ECONOMIC DEVELOPMENT ASSISTANCE NY GOVERNMENT N/A 0 BUFFALO & ERIE COUNTY REG DEV CO 143 GENESEE STREET BUFFALO NY 14203 222255223 ECONOMIC DEVELOPMENT LENDING NY 501(C)(3) 170(B)1(A)VI N/A 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 ERIE COUNTY INDUSTRIAL DEVELOPMENT AGENCY E 2281 FMV ERIE COUNTY INDUSTRIAL DEVELOPMENT AGENCY M 105250 FMV ERIE COUNTY INDUSTRIAL DEVELOPMENT AGENCY M 2021 FMV ERIE COUNTY INDUSTRIAL DEVELOPMENT AGENCY P 105250 FMV