Civic Intelligence

Buffalo Economic Renaissance Corporation

EIN 22-2258600 • 501(c)4 • Buffalo, NY

View Organization Page

Profile

The emphasis will be placed toward the development of small businesses and strengthening neighborhood commercial districts. Success will be measured ultimately by the amount of jobs created for residents in low-moderate income communities, our ability to leverage our diverse population and our ability to enhance trust through open and ongoing dialogue within berc, amongst our strategic partners and the community.

65 Niagara Square 920 City HallBuffalo, NY 14202

none

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

98th percentile

2.19x

Higher debt load relative to assets than 98% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

100th percentile

65.04x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2019

Net Margin

1st percentile

-762%

Higher net margin than 1% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)4 • $500k-$1M nonprofits • Source year 2019

Asset Growth

3rd percentile

-81%

Faster asset growth than 3% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

1st percentile

-91%

Faster revenue growth than 1% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$578,581

Down $2,511,972 (-81%) from 2018

Liabilities

Down

$1,265,581

Down $2,511,972 (-66%) from 2018

Net Assets

Flat

-$687,000

Flat from 2018

Operations
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Down

$19,458

Down $187,771 (-91%) from 2018

Expenses

Down

$167,632

Down $39,597 (-19%) from 2018

Net Income

Down

-$148,174

Down $148,174 from 2018

Trend Graphs

Balance Sheet Trend

Asset Growth3rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0-$10MAssets 2011: $25,748,712Liabilities 2011: $13,071,737Net Assets 2011: $12,676,9752011Assets 2012: $22,024,971Liabilities 2012: $10,961,302Net Assets 2012: $11,063,6692012Assets 2013: $18,751,066Liabilities 2013: $8,539,225Net Assets 2013: $10,211,8412013Assets 2014: $16,114,574Liabilities 2014: $17,908,574Net Assets 2014: -$1,794,0002014Assets 2015: $13,018,930Liabilities 2015: $14,812,928Net Assets 2015: -$1,793,9982015Assets 2016: $7,024,842Liabilities 2016: $7,711,842Net Assets 2016: -$687,0002016Assets 2017: $3,621,721Liabilities 2017: $4,308,721Net Assets 2017: -$687,0002017Assets 2018: $3,090,553Liabilities 2018: $3,777,553Net Assets 2018: -$687,0002018Assets 2019: $578,581Liabilities 2019: $1,265,581Net Assets 2019: -$687,0002019

Highlighted filing

2019

Assets$578,581
Liabilities$1,265,581
Net Assets-$687,000
Open 2019 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $4,170,7282011Revenue 2012: $1,598,303Expenses 2012: $3,211,609Net Income 2012: -$1,613,3062012Revenue 2013: $1,499,718Expenses 2013: $2,351,546Net Income 2013: -$851,8282013Revenue 2014: $2,211,017Expenses 2014: $2,197,017Net Income 2014: $14,0002014Revenue 2015: $1,634,942Expenses 2015: $1,634,940Net Income 2015: $22015Revenue 2016: $4,873,911Expenses 2016: $1,388,935Net Income 2016: $3,484,9762016Revenue 2017: $750,326Expenses 2017: $942,019Net Income 2017: -$191,6932017Revenue 2018: $207,229Expenses 2018: $207,229Net Income 2018: $02018Revenue 2019: $19,458Expenses 2019: $167,632Net Income 2019: -$148,1742019

Highlighted filing

2019

Revenue$19,458
Expenses$167,632
Net Income-$148,174
Open 2019 Filing

Filings

Most recent year

2019 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$578,581
Liabilities
$1,265,581
Net assets
-$687,000
Revenue
$19,458
Expenses
$167,632
Net income
-$148,174
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.58$1.27$0.69$0.02$0.17$0.15
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.09$3.78$0.69$0.21$0.21$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.62$4.31$0.69$0.75$0.94$0.19
2016Detailed filing. Detailed filing data is available for this year.$7.02$7.71$0.69$4.87$1.39$3.48
2015Detailed filing. Detailed filing data is available for this year.$13.0$14.8$1.79$1.63$1.63$0.00
2014Summary only. Only limited summary data is available for this year.$16.1$17.9$1.79$2.21$2.20$0.01
2013Summary only. Only limited summary data is available for this year.$18.8$8.54$10.2$1.50$2.35$0.85
2012Summary only. Only limited summary data is available for this year.$22.0$11.0$11.1$1.60$3.21$1.61
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.7$13.1$12.7$4.17
Latest Detailed Filing

The latest 2019 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2018 below.

Jump To
Filing Snapshot
Filing Period
Jun 1, 2017 to May 31, 2018
Signed
Mar 27, 2019
Return Version
2017v2.3
Gross Receipts
$561,943
Mission and Program Overview

Mission

The emphasis will be placed toward the development of small businesses and strengthening neighborhood commercial districts. Success will be measured ultimately by the amount of jobs created for residents in low-moderate income communities, our ability to leverage our diverse population and our ability to enhance trust through open and ongoing dialogue within berc, amongst our strategic partners and the community.

To encourage and promote the economic development of the city of buffalo

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,899,909$2,753,276▼ $146,633
Land, Buildings, and Equipment, Net$662,870$307,480▼ $355,390
Prepaid Expenses and Deferred Charges$40,241$25,780▼ $14,461
Accounts Receivable$18,701$4,017▼ $14,684
Total Assets$3,621,721$3,090,553▼ $531,168
Liabilities
Other Liabilities$4,186,150$3,777,133▼ $409,017
Accounts Payable and Accrued Expenses$122,571$420▼ $122,151
Total Liabilities$4,308,721$3,777,553▼ $531,168
Net Assets / Fund Balance
Unrestricted Net Assets$-687,000$-687,000→ $0
Total Net Assets Fund Balance$-687,000$-687,000→ $0
Total Liabilities and Net Assets / Fund Balance$3,621,721$3,090,553▼ $531,168

Asset Categories

AssetBook ValueDepreciationBasis
Land$307,480-$307,480
Compensation and Service Providers
Top Officer Pay73rd percentile

Board Members and Trustees

NameTitle
Mayor Byron BrownChairman
Dennis PenmanActing President
Adam WaltersDirector
Carolyn MurrayDirector
Clifford BellDirector
Elizabeth BallDirector
Frank Mesiah Thru 4272018Director
Kevin BradyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$29,110
Program Service Revenue
$516,596
Investment Income
$-353,190
Other Revenue
$14,713
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$198,933
Salaries, Compensation, and Employee Benefits$8,296
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance$45,633$45,633-$91,266
Fees for Services Accounting-$38,688-$38,688
Occupancy$16,605$16,605-$33,210
Other Salaries and Wages$3,577$3,577-$7,154
Fees for Services Other-$6,650-$6,650
Information Technology$3,264$3,264-$6,528
Interest$4,705--$4,705
Payroll Taxes$364$364-$728
Depreciation Depletion$339$339-$678
Other Employee Benefits$207$207-$414
Office Expenses$169$169-$338
Fees for Services Legal-$-4,052-$-4,052
Other Expenses$-5,218$-5,218-$-10,436
Total Functional Expenses$87,109$120,120$0$207,229
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Contingent Program Income Liability$2,405,643
Notes Payable$1,371,490
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organization has 25 voting members. All members have equal voting rights.”

Form 990, Part VI, Section A, Line 7A

“The organization has a board of directors who designate and enroll members in the event of vacancy(ies).”

Form 990, Part VI, Section A, Line 7B

“Members do not override board decisions except as provided by not for profit law.”

Form 990, Part VI, Section B, Line 11B

“Form 990 will be provided to the board prior to filing amended return.”

Form 990, Part VI, Section B, Line 12C

“The policy is reviewed by the board and the board is responsible for monitoring compliance.”

Form 990, Part VI, Section C, Line 18

“Forms 1024 and 990 are available upon request.”

Form 990, Part VI, Section C, Line 19

“Financial information and various policies required to be available for public inspection are also available upon request.”

Filing and Contact Details

Filer

Filer Name
Buffalo Economic Renaissance Corporation
EIN
22-2258600
Phone
7168426923
Address
65 NIAGARA SQUARE 920 CITY HALL, BUFFALO, NY 14202

Signing Officer

Name
Dennis M Penman
Title
Acting President
Phone
7168426923
Signed
2019-03-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis M Penman
Formed
1978
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
2
Volunteers
8

Preparer

Firm
Freed Maxick Cpas Pc
Address
424 MAIN STREET SUITE 800, BUFFALO, NY 14202-3508
Preparer
Mary Madonia
Phone
7168472651
Supplemental Narrative

Additional Explanations

Part XI, Line 2B and Line 3B

“The federal form 990 for the tax year ended may 31, 2018 has been prepared from unaudited information prepared by the corporation. At this time, records are not available to complete an audit. Amended returns will be filed as soon as all financial statements are available.”

Raw XML AppendixShowing 400 of 420 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0122571
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0420
IRS990/AccountsReceivableGrp/BOYAmt018701
IRS990/AccountsReceivableGrp/EOYAmt04017
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO ENCOURAGE AND PROMOTE THE ECONOMIC DEVELOPMENT OF THE CITY OF BUFFALO
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/PersonNm0CHRISTOPHER C HOOVER CPA
IRS990/BooksInCareOfDetail/PhoneNum07168426923
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt065 NIAGARA SQUARE 920 CITY HALL
IRS990/BooksInCareOfDetail/USAddress/CityNm0BUFFALO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd014202
IRS990/BusinessRlnWithFamMemInd00
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IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt029110
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0-353190
IRS990/CYOtherExpensesAmt0198933
IRS990/CYOtherRevenueAmt014713
IRS990/CYProgramServiceRevenueAmt0516596
IRS990/CYRevenuesLessExpensesAmt00
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IRS990/CYTotalExpensesAmt0207229
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0207229
IRS990/DecisionsSubjectToApprovaInd01
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IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
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IRS990/DepreciationDepletionGrp/TotalAmt0678
IRS990/Desc0EXPENSES INCURRED FOR SPECIFIC PROJECTS THAT FACILITATE ECONOMIC GROWTH WITHIN THE CITY OF BUFFALO.
IRS990/DescribedInSection501c3Ind00
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IRS990/FamilyOrBusinessRlnInd00
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IRS990/FeesForServicesAccountingGrp/TotalAmt038688
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0-4052
IRS990/FeesForServicesLegalGrp/TotalAmt0-4052
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt06650
IRS990/FeesForServicesOtherGrp/TotalAmt06650
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IRS990/ForeignFinancialAccountInd00
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0MAYOR BYRON BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm1KEVIN BRADY
IRS990/Form990PartVIISectionAGrp/PersonNm2FRANK MESIAH THRU 4272018
IRS990/Form990PartVIISectionAGrp/PersonNm3CLIFFORD BELL
IRS990/Form990PartVIISectionAGrp/PersonNm4CAROLYN MURRAY
IRS990/Form990PartVIISectionAGrp/PersonNm5ADAM WALTERS
IRS990/Form990PartVIISectionAGrp/PersonNm6ELIZABETH BALL
IRS990/Form990PartVIISectionAGrp/PersonNm7DENNIS PENMAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7ACTING PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd00
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IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-354713
IRS990/GamingActivitiesInd00
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
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IRS990/IndivRcvdGreaterThan100KCnt00
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IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InvestmentInJointVentureInd00
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0THE EMPHASIS WILL BE PLACED TOWARD THE DEVELOPMENT OF SMALL BUSINESSES AND STRENGTHENING NEIGHBORHOOD COMMERCIAL DISTRICTS. SUCCESS WILL BE MEASURED ULTIMATELY BY THE AMOUNT OF JOBS CREATED FOR RESIDENTS IN LOW-MODERATE INCOME COMMUNITIES, OUR ABILITY TO LEVERAGE OUR DIVERSE POPULATION AND OUR ABILITY TO ENHANCE TRUST THROUGH OPEN AND ONGOING DIALOGUE WITHIN BERC, AMONGST OUR STRATEGIC PARTNERS AND THE COMMUNITY.
IRS990/MoreThan5000KToIndividualsInd00
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IRS990/OtherExpensesGrp/Desc0CONSULTANTS
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2PURCHASED SERVICES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
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IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
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IRS990/PartialLiquidationInd00
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IRS990/PoliticalCampaignActyInd00
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IRS990/PrincipalOfficerNm0DENNIS M PENMAN
IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0VARIOUS PROGRAMS
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc2INTEREST INCOME LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0488117
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt121231
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt27248
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0488117
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt121231
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt27248
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt048995
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-400752
IRS990/PYOtherExpensesAmt0879143
IRS990/PYOtherRevenueAmt028366
IRS990/PYProgramServiceRevenueAmt01073717
IRS990/PYRevenuesLessExpensesAmt0-191693
IRS990/PYSalariesCompEmpBnftPaidAmt062876
IRS990/PYTotalExpensesAmt0942019
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0750326
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0531309
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02899909
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02753276
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/LandGrp/BookValueAmt0307480
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0307480
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02405643
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11371490
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CONTINGENT PROGRAM INCOME LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTES PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0307480
IRS990ScheduleD/TotalLiabilityAmt03777133
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS 25 VOTING MEMBERS. ALL MEMBERS HAVE EQUAL VOTING RIGHTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS A BOARD OF DIRECTORS WHO DESIGNATE AND ENROLL MEMBERS IN THE EVENT OF VACANCY(IES).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS DO NOT OVERRIDE BOARD DECISIONS EXCEPT AS PROVIDED BY NOT FOR PROFIT LAW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 WILL BE PROVIDED TO THE BOARD PRIOR TO FILING AMENDED RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE POLICY IS REVIEWED BY THE BOARD AND THE BOARD IS RESPONSIBLE FOR MONITORING COMPLIANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FORMS 1024 AND 990 ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FINANCIAL INFORMATION AND VARIOUS POLICIES REQUIRED TO BE AVAILABLE FOR PUBLIC INSPECTION ARE ALSO AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE FEDERAL FORM 990 FOR THE TAX YEAR ENDED MAY 31, 2018 HAS BEEN PREPARED FROM UNAUDITED INFORMATION PREPARED BY THE CORPORATION. AT THIS TIME, RECORDS ARE NOT AVAILABLE TO COMPLETE AN AUDIT. AMENDED RETURNS WILL BE FILED AS SOON AS ALL FINANCIAL STATEMENTS ARE AVAILABLE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7PART XI, LINE 2B AND LINE 3B
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0BUFFALO URBAN RENEWAL AGENCY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0115(1)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PLANNING/OPERATION OF URBAN RENEWAL PROGRAMS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0920 CITY HALL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BUFFALO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd014202
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt04186
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0BOOKS & RECORDS
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0BUFFALO URBAN RENEWAL AGENCY
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0O
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03621721
IRS990/TotalAssetsEOYAmt03090553
IRS990/TotalAssetsGrp/BOYAmt03621721
IRS990/TotalAssetsGrp/EOYAmt03090553
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt029110
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0120120
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt087109
IRS990/TotalFunctionalExpensesGrp/TotalAmt0207229
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04308721
IRS990/TotalLiabilitiesEOYAmt03777553
IRS990/TotalLiabilitiesGrp/BOYAmt04308721
IRS990/TotalLiabilitiesGrp/EOYAmt03777553
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-687000
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-687000
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt087109
IRS990/TotalProgramServiceRevenueAmt0516596
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-353190
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0531309
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0207229
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03621721
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03090553
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-687000
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-687000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0SAME AS C ABOVE
IRS990/USAddress/CityNm0BUFFALO
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd014202
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0NONE
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DENNIS M PENMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ACTING PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07168426923
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-03-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BUFFALO ECONOMIC RENAISSANCE CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0BUFF
ReturnHeader/Filer/EIN0222258600
ReturnHeader/Filer/PhoneNum07168426923
ReturnHeader/Filer/USAddress/AddressLine1Txt065 NIAGARA SQUARE 920 CITY HALL
ReturnHeader/Filer/USAddress/CityNm0BUFFALO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd014202
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId04F7E877EEABB7D2C8DEAFD4A36E0F12B051E39CE

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