BUFFALO & ERIE COUNTY INDUSTRIAL LAND DEVELOPMENT CORPORATION
AI Summary
The Buffalo & Erie County Industrial Land Development Corporation (ILDC) is a nonprofit organization focused on urban development in Erie County, New York. With an operating budget of $2.1 million and total revenue of $2 million for the 2024 fiscal year, ILDC issues tax-exempt bond financing for not-for-profit entities and manages a revolving loan fund to enhance economic conditions in the region. The organization does not rely on a single funder for more than 50% of its revenue, ensuring a diverse financial base to support its mission.
Mission Statement
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 REVOLVING LOAN FUND DEDICATED TO IMPROVING ECONOMIC CONDITIONS IN ERIE COUNTY.
Cause Areas
1
Urban development
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Funder
Total Funding
Funding Share
THE JOHN R OISHEI FOUNDATION
Buffalo, NY, US
$25K
< 1%
Frequently Asked Questions
What is BUFFALO & ERIE COUNTY INDUSTRIAL LAND DEVELOPMENT CORPORATION’s budget?
In 2024, BUFFALO & ERIE COUNTY INDUSTRIAL LAND DEVELOPMENT CORPORATION reported an annual operating budget of around $2.1 million. More detailed financial information is available to registered users.
What causes does BUFFALO & ERIE COUNTY INDUSTRIAL LAND DEVELOPMENT CORPORATION support?
BUFFALO & ERIE COUNTY INDUSTRIAL LAND DEVELOPMENT CORPORATION supports work in Urban development.
Where does BUFFALO & ERIE COUNTY INDUSTRIAL LAND DEVELOPMENT CORPORATION operate?
BUFFALO & ERIE COUNTY INDUSTRIAL LAND DEVELOPMENT CORPORATION is headquartered in Buffalo, NY.
Who funded BUFFALO & ERIE COUNTY INDUSTRIAL LAND DEVELOPMENT CORPORATION recently?
In 2019, BUFFALO & ERIE COUNTY INDUSTRIAL LAND DEVELOPMENT CORPORATION received grants from THE JOHN R OISHEI FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant BUFFALO & ERIE COUNTY INDUSTRIAL LAND DEVELOPMENT CORPORATION received in 2019?
The largest grant to BUFFALO & ERIE COUNTY INDUSTRIAL LAND DEVELOPMENT CORPORATION in 2019 exceeds $25 thousand.
What is BUFFALO & ERIE COUNTY INDUSTRIAL LAND DEVELOPMENT CORPORATION’s reliance on government grants?
BUFFALO & ERIE COUNTY INDUSTRIAL LAND DEVELOPMENT CORPORATION relied on government grants for more than 70% of their total revenue in 2024.