Civic Intelligence

Buffalo Place Inc

990 • Fiscal year 2012 • EIN 23-7363788

Jan 01, 2012 to Dec 31, 2012 • Filed on Oct 11, 2013

671 Main Street14203
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

79th percentile

0.46x

Higher debt load relative to assets than 79% of similar nonprofits.

2012 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

34th percentile

-1.0%

Faster asset growth than 34% of similar nonprofits.

2012 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$207,685

Down $2,131 (-1.0%) from 2011

Net Assets

Up

$113,021

Up $3,402,847 (+103%) from 2011

Liabilities

Down

$94,664

Down $3,404,978 (-97%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$2,987,469

Up $348,814 (+13%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2011: $209,816Liabilities 2011: $3,499,642Net Assets 2011: -$3,289,8262011Assets 2012: $207,685Liabilities 2012: $94,664Net Assets 2012: $113,0212012Assets 2013: $84,850Liabilities 2013: $287,610Net Assets 2013: -$202,7602013Assets 2014: $91,894Liabilities 2014: $87,889Net Assets 2014: $4,0052014Assets 2015: $158,710Liabilities 2015: $479,037Net Assets 2015: -$320,3272015Assets 2016: $269,414Liabilities 2016: $688,441Net Assets 2016: -$419,0272016Assets 2017: $423,458Liabilities 2017: $868,487Net Assets 2017: -$445,0292017Assets 2018: $196,407Liabilities 2018: $682,814Net Assets 2018: -$486,4072018Assets 2019: $72,951Liabilities 2019: $645,831Net Assets 2019: -$572,8802019Assets 2020: $597,570Liabilities 2020: $1,543,230Net Assets 2020: -$945,6602020Assets 2021: $767,256Liabilities 2021: $2,051,828Net Assets 2021: -$1,284,5722021Assets 2022: $443,053Liabilities 2022: $1,626,049Net Assets 2022: -$1,182,9962022Assets 2023: $657,304Liabilities 2023: $168,469Net Assets 2023: $488,8352023Assets 2024: $774,405Liabilities 2024: $72,520Net Assets 2024: $701,8852024

Highlighted filing

2012

Assets$207,685
Liabilities$94,664
Net Assets$113,021

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $2,638,6552011Expenses 2012: $2,987,4692012Revenue 2013: $2,379,877Expenses 2013: $2,695,658Net Income 2013: -$315,7812013Revenue 2014: $649,076Expenses 2014: $578,278Net Income 2014: $70,7982014Revenue 2015: $634,056Expenses 2015: $739,186Net Income 2015: -$105,1302015Revenue 2016: $672,402Expenses 2016: $905,637Net Income 2016: -$233,2352016Revenue 2017: $676,359Expenses 2017: $936,088Net Income 2017: -$259,7292017Revenue 2018: $722,002Expenses 2018: $991,358Net Income 2018: -$269,3562018Revenue 2019: $767,454Expenses 2019: $1,100,785Net Income 2019: -$333,3312019Revenue 2020: $622,845Expenses 2020: $933,770Net Income 2020: -$310,9252020Revenue 2021: $714,511Expenses 2021: $1,053,423Net Income 2021: -$338,9122021Revenue 2022: $759,178Expenses 2022: $1,195,626Net Income 2022: -$436,4482022Revenue 2023: $874,155Expenses 2023: $820,671Net Income 2023: $53,4842023Revenue 2024: $1,231,881Expenses 2024: $1,018,831Net Income 2024: $213,0502024

Highlighted filing

2012

Revenue-
Expenses$2,987,469
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Oct 11, 2013
Return Version
2012v2.1
Gross Receipts
$2,834,410
Mission and Program Overview

Mission

Downtown revitalization of buffalo, new york

Filing and Contact Details

Filer

EIN
23-7363788
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0BUFFALO PLACE, INC. IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE (THE CODE) AND BUFFALO PLACE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE CODE. THE ORGANIZATION HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. THE ORGANIZATION PRESENTLY DISCLOSES OR RECOGNIZES INCOME TAX POSITIONS BASED ON MANAGEMENT'S ESTIMATE OF WHETHER IT IS REASONABLY POSSIBLE OR PROBABLE THAT A LIABILITY HAS BEEN INCURRED FOR UNRECOGNIZED INCOME TAXES. MANAGEMENT HAS CONCLUDED THAT THE ORGANIZATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT IN THE COMBINED FINANCIAL STATEMENTS. THEREFORE, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE COMBINED FINANCIAL STATEMENTS. THERE WAS NO UNRELATED BUSINESS INCOME FOR 2012 AND 2011. U.S. FORMS 990 FILED BY THE ORGANIZATION ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. THE ORGANIZATION IS NO LONGER SUBJECT TO TAX EXAMINATION FOR THE YEAR ENDED DECEMBER 31, 2008, AND PRIOR.
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IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson0MICHAEL T SCHMAND
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IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg06851
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs00
IRS990ScheduleJ/Form990ScheduleJPartII/Title0EXEC DIR & VP
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg0169042
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs00
IRS990ScheduleJ/InitialContractException00
IRS990/ScheduleJRequired01
IRS990ScheduleJ/SeverancePayment00
IRS990ScheduleJ/SupplementalNonqualRetirePlan00
IRS990ScheduleO/GeneralExplanation/Explanation0REVIEW CONDUCTED BY OFFICERS AND DIRECTORS
IRS990ScheduleO/GeneralExplanation/Explanation1THE BOARD DETERMINES AND APPROVES COMPENSATION
IRS990ScheduleO/GeneralExplanation/Explanation2FORM 990, PART VI, SECTION C, LINE 19: AVAILABLE UPON REQUEST BY THE PUBLIC
IRS990ScheduleO/GeneralExplanation/Explanation3ADJUSTMENT IN DUE TO/FROM RELATED PARTY 3,555,906.
IRS990ScheduleO/GeneralExplanation/Explanation4NO CHANGES HAVE TAKEN PLACE DURING THE FISCAL YEAR ENDED DECEMBER 31, 2012.
IRS990ScheduleO/GeneralExplanation/Identifier0CHANGES IN NET ASSETS OR FUND BALANCES:
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART XI, LINE 9:
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990 PART XII LINE 2C:
IRS990/ScheduleORequired01

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.77$0.07$0.70$1.23$1.02$0.21
2023Detailed filing. Detailed filing data is available for this year.$0.66$0.17$0.49$0.87$0.82$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.44$1.63$1.18$0.76$1.20$0.44
2021Detailed filing. Detailed filing data is available for this year.$0.77$2.05$1.28$0.71$1.05$0.34
2020Detailed filing. Detailed filing data is available for this year.$0.60$1.54$0.95$0.62$0.93$0.31
2019Detailed filing. Detailed filing data is available for this year.$0.07$0.65$0.57$0.77$1.10$0.33
2018Detailed filing. Detailed filing data is available for this year.$0.20$0.68$0.49$0.72$0.99$0.27
2017Detailed filing. Detailed filing data is available for this year.$0.42$0.87$0.45$0.68$0.94$0.26
2016Detailed filing. Detailed filing data is available for this year.$0.27$0.69$0.42$0.67$0.91$0.23
2015Detailed filing. Detailed filing data is available for this year.$0.16$0.48$0.32$0.63$0.74$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.09$0.09$0.00$0.65$0.58$0.07
2013Detailed filing. Detailed filing data is available for this year.$0.08$0.29$0.20$2.38$2.70$0.32
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.21$0.09$0.11$2.99
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.21$3.50$3.29$2.64