BUFFALO & ERIE COUNTY REGIONAL DEV… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

Principal Officer

JOHN CAPPELLINO

Phone

7168566525

Tax Period

2025-01-01 to 2025-12-31

BUFFALO & ERIE COUNTY REGIONAL DEVELOPMENT CORPORATION, founded in 1979, is a small nonprofit in the Community Improvement sector that reported $794K in total revenue in fiscal year 2025. The organization ran a surplus of $379K, a strong 48% operating margin.

Mission

BUFFALO AND ERIE COUNTY REGIONAL DEVELOPMENT CORPORATION WAS INCORPORATED FOR THE PURPOSE OF ENCOURAGING THE EXPANSION OF EXISTING COMPANIES IN TARGET AREAS OF ERIE COUNTY BY ESTABLISHING A REVOLVING LOAN FUND FROM WHICH THE CORPORATION MAKES LOANS TO INDIVIDUAL COMPANIES.

Program Service Accomplishments

Program 1

Expenses: $317,503 Revenue: $584,943

PROVISION FOR LOAN LOSSES, INCLUDED IN PROGRAM EXPENSE, REPRESENTS MANAGEMENT'S PROVISION FOR POTENTIAL UNCOLLECTIBLE LOANS AMONG ALL LOANS MADE FOR THE PURPOSE OF ENCOURAGING COMPANIES TO INVEST OR...

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $584,943

Investment Income $208,659

Other Revenue $0

TOTAL REVENUE $793,602

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $317,503

Other Expenses $414,934

TOTAL EXPENSES $414,934

Year-over-Year Comparison

	2025	2024	Change
Revenue	$793,602	$780,513	+0.0%
Expenses	$414,934	$520,403	-0.2%
Net Income	$378,668	$260,110	+0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$580,904

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENDA MCDUFFIE	CHAIRWOMAN	0.50	Officer Director	$0	$0	$0
RICHARD LIPSITZ	VICE CHAIR (THRU 5/2025)	0.50	Officer Director	$0	$0	$0
DENISE ABBOTT	VICE CHAIR (EFF 6/2025)	0.50	Officer Director	$0	$0	$0
LAVONNE ANSARI	DIRECTOR (EFF 3/2025)	0.50	Director	$0	$0	$0
MARK BLUE	DIRECTOR	0.50	Director	$0	$0	$0
GRACE BOGDANOVE	DIRECTOR (EFF 12/2025)	0.50	Director	$0	$0	$0
PATRICK BOYLE	DIRECTOR (THRU 6/2025)	0.50	Director	$0	$0	$0
JONATHAN DANDES	DIRECTOR (EFF 6/2025)	0.50	Director	$0	$0	$0
THOMAS EMMERLING	DIRECTOR (THRU 5/2025)	0.50	Director	$0	$0	$0
JOSEPH EMMINGER	DIRECTOR	0.50	Director	$0	$0	$0
DOROTHY GALLAGHER	DIRECTOR	0.50	Director	$0	$0	$0
LORRY GOLDHAWK	DIRECTOR (EFF 7/2025)	0.50	Director	$0	$0	$0
GREGORY INGLUT	DIRECTOR (EFF 6/2025)	0.50	Director	$0	$0	$0
TYRA JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
BRIAN KULPA	DIRECTOR	0.50	Director	$0	$0	$0
GLENN NELLIS	DIRECTOR	0.50	Director	$0	$0	$0
BRIAN NOWAK	DIRECTOR	0.50	Director	$0	$0	$0
MARK POLONCARZ	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTOPHER SCANLON	DIRECTOR	0.50	Director	$0	$0	$0
KENNETH SCHOETZ	DIRECTOR	0.50	Director	$0	$0	$0
TAISHA ST JEAN-TARD	DIRECTOR	0.50	Director	$0	$0	$0
JOHN CAPPELLINO	PRESIDENT/CEO	0.50	Officer	$0	$45,495	$255,166
ELIZABETH O'KEEFE	VICE PRESIDENT AND SECRETARY	0.00	Officer	$0	$25,927	$156,534
MOLLIE PROFIC	TREASURER	0.50	Officer	$0	$42,365	$169,204
GRANT LESSWING	DIRECTOR OF BUSINESS DEVELOPMENT	0.50	Highest	$0	$24,475	$149,050
GERALD MANHARD	CHIEF LENDING OFFICER	35.50	Highest	$0	$22,898	$131,315
ANDREW FEDERICK	DIRECTOR OF PROPERTY DEVELOPMENT	0.00	Highest	$0	$23,080	$127,645
BRIAN KRYGIER	DIRECTOR OF INFORMATION TECHNOLOGY	0.25	Highest	$0	$41,277	$142,053

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$793,602	$414,934	$23,657,628	$378,668
2024	$780,513	$520,403	$23,265,021	$260,110
2023	$831,864	$325,695	$22,995,933	$506,169
2022	$667,034	$245,362	$22,564,796	$421,672
2021	$5,572,733	$834,849	$22,050,731	$4,737,884
2020	$534,260	$561,992	$17,311,627	$-27,732
2019	$543,153	$1,822,789	$17,369,806	$-1,279,636
2018	$506,125	$429,303	$18,676,540	$76,822

BUFFALO & ERIE COUNTY REGIONAL DEVELOPMENT CORPORATION