2012-11-14T11:40:35-06:00 2011-12-31 161170608 TOSKI & CO CPAS PC 300 ESSJAY RD SUITE 115 WILLIAMSVILLE NY 14221 990 2011-01-01 222413596 BUFFALO & ERIE COUNTY INDUSTRIAL LAND DEVELOPMENT CORPORATION BUFF 7168566525 143 GENESEE STREET BUFFALO NY 14203 ALFRED CULLITON 7168566525 2012-11-05 1 RONALD TOSKI CPA P01253472 7166340700 2011 2016-02-24 21:20:13Z ALFRED CULLITON 143 GENESEE STREET BUFFALO NY 14203 83327 0 X WWW.ECIDANY.COM X 1981 NY BUFFALO AND ERIE COUNTY INDUSTRIAL LAND DEVELOPMENT CORPORATION 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 0 0 0 0 0 869927 83327 0 0 355 0 870282 83327 0 0 0 0 0 0 0 0 0 313084 96558 313084 96558 557198 -13231 307249 297282 5988 9252 301261 288030 X BUFFALO AND ERIE COUNTY INDUSTRIAL LAND DEVELOPMENT CORPORATION 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 91882 6032 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. 6045 SBA MICROLOAN FUND- EXPENSES ARE INCURRED IN THE COURSE OF PROVIDING SMALL BUSINESS LOANS. 91882 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 1 1 1 0 NY X THERESA CARPENTER 7168566525 143 GENESEE STREET BUFFALO NY 14203 X CHRISTOPHER COLLINS 1.00 X X 0 0 0 BYRON BROWN 1.00 X 0 0 0 PHILIP ACKERMAN 1.00 X 0 0 0 PHILIP CORWIN 1.00 X 0 0 0 MICHAEL HOFFERT 1.00 X 0 0 0 BARBARA MILLER-WILLIAMS 1.00 X 0 0 0 TIMOTHY WHALEN 1.00 X 0 0 0 ALFRED CULLITON 1.00 X 0 0 0 ANDREW SCHOEPPICH 1.00 X 0 0 0 0 0 0 0 0 0 0 0 ADMINISTRATIVE FEES 525990 71250 71250 INTEREST ON NOTES REC. 525990 9501 9501 LOAN RECOVERIES - MICR 525990 2576 2576 83327 83327 83327 0 0 3796 3796 396 396 TRANSFER TO RELATED PAR 71250 71250 PROVISION- LOAN LOSSES 20632 20632 BANK CHARGES 484 484 96558 91882 4676 0 25948 49119 32602 56295 248699 191868 307249 297282 597 64 5391 9188 5988 9252 X 77666 83315 223595 204715 301261 288030 307249 297282 -13231 0 X X 0 1 1 X 0 X X 0 0 0 ERIE COUNTY INDUSTRIAL DEVELOPMENT AGENCY 161090858 GOVERNMENT 0 1 1 71250 1 71250 0 DUE TO AFFILIATES 9188 9188 83327 96558 -13231 -13231 80751 0 80751 2576 2576 83327 93982 0 93982 2576 2576 96558 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: ILDC IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE); THEREFORE, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE FINANCIAL STATEMENTS. THE ILDC HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. THE ILDC PRESENTLY DISCLOSES OR RECOGNIZES INCOME TAX POSITIONS BASED ON MANAGEMENT'S ESTIMATE OF WHETHER IT IS REASONABLY POSSIBLE OR PROBABLE THAT A LIABILITY HAS BEEN INCURRED FOR UNRECOGNIZED INCOME TAXES. MANAGEMENT HAS CONCLUDED THAT THE ILDC HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT IN ITS FINANCIAL STATEMENTS. U.S FORMS 990 FILED BY THE ILDC ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. THE ILDC IS NO LONGER SUBJECT TO TAX EXAMINATION FOR THE YEAR ENDED DECEMBER 31, 2007 AND PRIOR. PART XII, LINE 4B - OTHER ADJUSTMENTS: PROVISION FOR LOAN RECOVERIES 2,576. PART XIII, LINE 4B - OTHER ADJUSTMENTS: PROVISION FOR LOAN RECOVERIES 2,576. 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 PLEASURE. FORM 990, PART VI, SECTION A, LINE 7B PER THE BYLAWS OF THE CORPORATION, DESIGNATED DIRECTORS CAN ONLY BE REMOVED FOR CAUSE BY THE MEMBER. 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 FILING. FORM 990, PART VI, SECTION B, LINE 15 THIRD PARTY COMPENSATION REVIEW 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. CHANGES IN OVERSIGHT OR SELECTION OF INDEPENDENT ACCOUNTANT: FORM 990, PART XII, LINE 2C; NO CHANGE FROM PREVIOUS YEAR ERIE COUNTY INDUSTRIAL DEV 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 ATC OF BUFFALO AND ERIE COUNTY 143 GENESEE STREET BUFFALO NY 14203 161467944 DEVELOPING AND OPERATING A TRAINING FACILITY NY 501(C)(3) 170(B)1(A)VI N/A 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 ERIE COUNTY INDUSTRIAL DEV AGENCY E 9188 FMV ERIE COUNTY INDUSTRIAL DEV AGENCY L 71250 FMV ERIE COUNTY INDUSTRIAL DEV AGENCY L 3797 FMV ERIE COUNTY INDUSTRIAL DEV AGENCY Q 71250 FMV