NYBDC LOCAL DEVELOPMENT CORPORATION (EIN 264032355) - Form 990 Financial Analysis & Trantor Score

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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

2009

Legal Domicile

Principal Officer

CHRIS LEVY

Phone

5184632268

Tax Period

2024-10-01 to 2025-09-30

NYBDC LOCAL DEVELOPMENT CORPORATION, founded in 2009, is a mid-sized nonprofit in the Community Improvement sector that reported $13.1M in total revenue in fiscal year 2024. Revenue surged 68% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.3M, a strong 33% operating margin.

Mission

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.

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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 (2024)

Revenue Breakdown

Contributions & Grants $7,188,289

Program Service Revenue $5,893,993

Investment Income $0

Other Revenue $0

TOTAL REVENUE $13,082,282

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,803,934

Fundraising Expenses $0

Program Expenses $7,003,680

Other Expenses $4,939,596

TOTAL EXPENSES $8,743,530

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,082,282	$7,795,997	+0.7%
Expenses	$8,743,530	$8,416,318	+0.0%
Net Income	$4,338,752	$-620,321	-8.0%

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

Volunteers

N/A

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

$2,153,548

Total Directors

$479,158

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS LEVY	CEO	13.00	Officer Director	$0	$0	$462,308
GREGG BISHOP	DIRECTOR	1.00	Officer Director	$2,870	$0	$2,870
BRUCE BOYEA	DIRECTOR	1.00	Officer Director	$2,620	$0	$2,620
JOHN WITKOWSKI	DIRECTOR	1.00	Officer Director	$2,000	$0	$2,000
JAMES BYRNES	DIRECTOR	3.00	Officer Director	$2,620	$0	$2,620
PATRICK MACKRELL	DIRECTOR	1.00	Officer Director	$2,000	$0	$2,000
MISCHAEL PUGH	DIRECTOR	1.00	Officer Director	$2,370	$0	$2,370
SONYA SMITH	DIRECTOR	1.00	Officer Director	$2,370	$0	$2,370
OWEN BURNS	EXECUTIVE VP & CFO	1.00	Officer	$0	$0	$305,039
STEVEN R COHEN	PRSIDENT	37.50	Officer	$308,656	$0	$308,656
SHERRI FALCK	ASSISTANT VICE PRESIDENT	37.50	Officer	$130,420	$0	$130,420
PAOLA GARCIA	VICE PRESIDENT	37.50	Officer	$143,661	$0	$143,661
BRAD SEADER	VICE PRESIDENT	37.50	Officer	$178,792	$0	$178,792
DAVID HANOLD	VICE PRESIDENT & CHIEF L	37.50	Officer	$0	$0	$178,565
MALINI KRISHNA	VICE PRESIDENT	37.50	Officer	$120,462	$0	$120,462
ZACHARY LAJEUNESSE	VICE PRESIDENT	37.50	Officer	$0	$0	$62,460
WESLEY SLYKE	VICE PRESIDENT	37.50	Officer	$133,141	$0	$133,141
LEO ZHANG	VICE PRESIDENT	37.50	Officer	$113,194	$0	$113,194

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	$13,082,282	$8,743,530	$53,012,890	$4,338,752
2024	$7,795,997	$8,416,318	$50,732,600	$-620,321
2023	$12,326,838	$7,890,484	$46,460,680	$4,436,354
2022	$11,401,541	$5,645,203	$39,799,179	$5,756,338
2021	$11,667,987	$5,667,337	$56,551,282	$6,000,650
2020	$12,475,914	$6,852,196	$44,737,388	$5,623,718
2019	$7,883,666	$7,171,175	$54,120,697	$712,491
2018	$7,157,453	$6,801,586	$54,808,384	$355,867

NYBDC LOCAL DEVELOPMENT CORPORATION