AI Summary
NYBDC LOCAL DEVELOPMENT CORPORATION is an economic development and community improvement nonprofit focused on helping small businesses acquire real property, make construction and renovation improvements, and access financing to support business growth and job creation across New York. In filing year 2025, it reported an operating budget of $8.7M and total revenue of $13.1M, with major support from JPMORGAN CHASE FOUNDATION, WORLD TRADE CENTER SMALL BUSINESS RECOVERY FUND INC, and COMMUNITY FOUNDATION FOR GREATER BUFFALO INC.
Mission Statement
TO ASSIST SMALL BUSINESS IN THE ACQUISITION OF REAL PROPERTY, AND CONSTRUCTION, RENOVATION OR OTHER IMPROVEMENTS THEREON, AND THEREBY PROMOTE AND ENCOURAGE THE BUSINESS PROSPERITY AND ECONOMIC WELFARE OF THE STATE OF NEW YORK; TO ENCOURAGE AND ASSIST IN THE LOCATION OF NEW BUSINESS AND INDUSTRY IN THE STATE OF NEW YORK; AND TO PROVIDE FINANCING TO BOTH NEW AND EXISTING BUSINESSES AND INDUSTRY; AND TO CREATE AND RETAIN JOBS WITHIN THE STATE OF NEW YORK.
Cause Areas
2
Community improvement
Economic 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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- 16 funders
- 53 board & team members
- 12 historic 990s & financials
- 6-year operating budget trend
Frequently Asked Questions
What is NYBDC LOCAL DEVELOPMENT CORPORATION’s budget?
In 2025, NYBDC LOCAL DEVELOPMENT CORPORATION reported an annual operating budget of around $8.7 million. More detailed financial information is available to registered users.
What causes does NYBDC LOCAL DEVELOPMENT CORPORATION support?
NYBDC LOCAL DEVELOPMENT CORPORATION supports work in Community improvement and Economic development.
Where does NYBDC LOCAL DEVELOPMENT CORPORATION operate?
NYBDC LOCAL DEVELOPMENT CORPORATION is headquartered in Latham, NY.
Who funded NYBDC LOCAL DEVELOPMENT CORPORATION recently?
In 2024, NYBDC LOCAL DEVELOPMENT CORPORATION received grants from HILLMAN FAMILY FOUNDATIONS, THE RALPH C WILSON JR FOUNDATION, and TRAVELERS FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant NYBDC LOCAL DEVELOPMENT CORPORATION received in 2024?
The largest grant to NYBDC LOCAL DEVELOPMENT CORPORATION in 2024 exceeds $1 million.