funder logo

BUFFALO URBAN DEVELOPMENT CORPORATION

BUFFALO URBAN DEVELOPMENT CORPORATION

Buffalo, NY, US
501(c)3
EIN
22-2324226
Regional Funder
funder logo

BUFFALO URBAN DEVELOPMENT CORPORATION

Buffalo, NY, US
501(c)3
EIN
22-2324226
Regional Funder

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$38,271,014

Contributions
64%
Government Grants
33%
Investments
2%
Other
<1%
Program Services
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$32,729,756

Grants
83%
Fees to Service Providers
10%
Offices, Occupancy & IT
3%
Salaries & Benefits
2%
Other
1%
Depreciation
<1%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$30,802,967
$24,528,399
-20%
Government Grants
$793,708
$12,609,026
+1489%
Fundraising Events
$0
$0
-
Program Services
$132,487
$132,628
+0%
Membership Dues
$0
$0
-
Investments
$670,797
$626,966
-7%
Other
$141,321
$373,995
+165%
Total Revenues
$32,541,280
$38,271,014
+18%
Expenses
2023
2024
Change
Grants
$26,468,084
$27,201,615
+3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$442,319
$495,817
+12%
Fees to Service Providers
$4,495,978
$3,370,747
-25%
Advertising & Promotion
$24,092
$17,181
-29%
Offices, Occupancy & IT
$1,065,268
$1,095,431
+3%
Interest
$29,093
$21,688
-25%
Depreciation
$79,786
$80,528
+1%
Other
$462,031
$446,749
-3%
Total Expenses
$33,066,651
$32,729,756
-1%
Net income
2023
2024
Change
Net income
-$525,371
+$5,541,258
-1155%
Functional Expenses
Summary
2023
2024
Change
Program
$32,570,688
$32,262,209
-1%
Admin
$495,963
$467,547
-6%
Fundraising
$0
$0
-
Total Expenses
$33,066,651
$32,729,756
-1%
Income Statement
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