Civic Intelligence

Buffalo Place Inc

990 • Fiscal year 2016 • EIN 23-7363788

Jan 01, 2016 to Dec 31, 2016 • Filed on Jun 12, 2017

Organization ProfileWWW.BUFFALOPLACE.COM

View Organization Page

671 Main StreetBuffalo, NY 14203

(716) 856-3150

Siviq Scores

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

Liabilities / Assets

99th percentile

2.56x

Higher debt load relative to assets than 99% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

84th percentile

1.02x

Higher debt load relative to revenue than 84% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2016

Net Margin

9th percentile

-35%

Higher net margin than 9% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

95th percentile

$148,297

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 22.1% of source-year revenue.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2016

Asset Growth

95th percentile

70%

Faster asset growth than 95% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

60th percentile

6.0%

Faster revenue growth than 60% of similar nonprofits.

2016 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$269,414

Up $110,704 (+70%) from 2015

Net Assets

Down

-$419,027

Down $98,700 (-31%) from 2015

Liabilities

Up

$688,441

Up $209,404 (+44%) from 2015

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin9th percentile

Revenue

Up

$672,402

Up $38,346 (+6.0%) from 2015

Expenses

Up

$905,637

Up $166,451 (+23%) from 2015

Net Income

Down

-$233,235

Down $128,105 (-122%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

2016

Assets$269,414
Liabilities$688,441
Net Assets-$419,027
Open 2016 Filing

Operations Trend

Revenue Growth60th percentile

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

2016

Revenue$672,402
Expenses$905,637
Net Income-$233,235
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jun 12, 2017
Return Version
2016v3.0
Gross Receipts
$672,402
Mission and Program Overview

Mission

Downtown revitalization of buffalo, new york

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$96,854$201,821▲ $104,967
Prepaid Expenses and Deferred Charges$37,037$36,858▼ $179
Land, Buildings, and Equipment, Net$24,819$30,735▲ $5,916
Total Assets$158,710$269,414▲ $110,704
Liabilities
Other Liabilities$381,598$646,824▲ $265,226
Deferred Revenue$87,498--
Accounts Payable and Accrued Expenses$9,941$41,617▲ $31,676
Total Liabilities$479,037$688,441▲ $209,404
Net Assets / Fund Balance
Temporarily Rstr Net Assets$16,649$0▼ $16,649
Unrestricted Net Assets$-336,976$-419,027▼ $82,051
Total Net Assets Fund Balance$-320,327$-419,027▼ $98,700
Total Liabilities and Net Assets / Fund Balance$158,710$269,414▲ $110,704

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$22,930$252,985$275,915
Leasehold Improvements$7,660$123,449$131,109
Other Land Buildings$145$70,420$70,565
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Michael T SchmandExec. Director & V.p. (non-voting)FT$148,297$148,297

Board Members and Trustees

NameTitle
Keith M BelangerChairperson
Anthony J Colucci IiiPresident & Vice Chairperson
Mark F ZeisVice President
Steven J CarminaVice President
Carl P PaladinoDirector
Dep Cty Exec Maria R WhyteDirector
Dep Mayor Elizabeth BallDirector
Hon Barbara Miller-williamsDirector
Hon Darius G PridgenDirector
Michael M GilbertDirector
Michael P HughesDirector
Paul F CiminelliDirector
Paul L Snyder IiiDirector
Rocco TerminiDirector
James F FortonCounsel (non-voting)
Hon Christopher L JacobsSecretary
Barbara a DannerTreasurer (non-voting)
Revenue and Support

Revenue Composition

Contributions and Grants
$75,000
Program Service Revenue
$596,439
Investment Income
$2
Other Revenue
$961
All Other Contributions
$75,000
Change in Net Assets
$-233,235
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$552,613
Other Expenses$353,024
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$263,769$65,942-$329,711
Current Officers, Directors, Trustees, and Key Employees$118,638$29,659-$148,297
Occupancy$74,388$18,597-$92,985
Insurance$37,154$9,289-$46,443
Other Employee Benefits$30,430$7,607-$38,037
Payroll Taxes$29,254$7,314-$36,568
Office Expenses$16,410$4,102-$20,512
All Other Expenses$13,775$3,444-$17,219
Fees for Services Other$10,950$2,737-$13,687
Other Expenses$6,986$1,747-$8,733
Conferences and Meetings$3,059$765-$3,824
Fees for Services Legal$2,580$645-$3,225
Travel$2,492$623-$3,115
Depreciation Depletion$2,318$580-$2,898
Information Technology$2,240$560-$2,800
Advertising$1,519$380-$1,899
Interest$1,312$328-$1,640
Total Functional Expenses$724,509$181,128$0$905,637
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
Due to Buffalo Place Foundation, Inc.$646,824
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Review conducted by officers and directors.”

Form 990, Part VI, Section B, Line 15A

“The board determines and approves compensation.”

Form 990, Part VI, Section C, Line 19

“Available upon request by the public.”

Filing and Contact Details

Filer

Filer Name
Buffalo Place Inc
EIN
23-7363788
Phone
7168563150
Address
671 MAIN STREET, BUFFALO, NY 14203

Signing Officer

Name
Michael T Schmand
Title
Executive Director
Phone
7168563150
Signed
2017-06-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Keith M Belanger
Formed
1985
Legal Domicile
Ny
Voting Board Members
15
Independent Board Members
15
Employees
28
Volunteers
0

Preparer

Firm
Efpr Group Cpas Pllc
Address
6390 MAIN STREET SUITE 200, WILLIAMSVILLE, NY 14221
Preparer
JOHN T O'BRIEN
Phone
7166340700
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Transfers from related organization 134,535.”

FORM 990, PART XII, LINE 2C:

“No changes have taken place during the fiscal year ended december 31, 2016.”

Financial Statement Notes

PART X, LINE 2:

“Buffalo 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 2016 and 2015. U.s. Forms 990 filed by the organization are subject to examination by taxing authorities.”

Raw XML AppendixShowing 400 of 534 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.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT & VICE CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4EXEC. DIRECTOR & V.P. (NON-VOTING)
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER (NON-VOTING)
IRS990/Form990PartVIISectionAGrp/TitleTxt7COUNSEL (NON-VOTING)
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01985
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0672402
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0560
IRS990/InformationTechnologyGrp/ProgramServicesAmt02240
IRS990/InformationTechnologyGrp/TotalAmt02800
IRS990/InsuranceGrp/ManagementAndGeneralAmt09289
IRS990/InsuranceGrp/ProgramServicesAmt037154
IRS990/InsuranceGrp/TotalAmt046443
IRS990/InterestGrp/ManagementAndGeneralAmt0328
IRS990/InterestGrp/ProgramServicesAmt01312
IRS990/InterestGrp/TotalAmt01640
IRS990/InvestmentIncomeGrp/ExclusionAmt02
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0446854
IRS990/LandBldgEquipBasisNetGrp/BOYAmt024819
IRS990/LandBldgEquipBasisNetGrp/EOYAmt030735
IRS990/LandBldgEquipCostOrOtherBssAmt0477589
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0DOWNTOWN REVITALIZATION OF BUFFALO, NEW YORK
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-320327
IRS990/NetAssetsOrFundBalancesEOYAmt0-419027
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt018597
IRS990/OccupancyGrp/ProgramServicesAmt074388
IRS990/OccupancyGrp/TotalAmt092985
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04102
IRS990/OfficeExpensesGrp/ProgramServicesAmt016410
IRS990/OfficeExpensesGrp/TotalAmt020512
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0134535
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt07607
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt030430
IRS990/OtherEmployeeBenefitsGrp/TotalAmt038037
IRS990/OtherExpensesGrp/Desc0SPECIAL EVENTS
IRS990/OtherExpensesGrp/Desc1ERIE COUNTY ADMIN. FEE
IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/Desc3TAXES & ASSESSMENTS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt020895
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13120
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22794
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31747
IRS990/OtherExpensesGrp/ProgramServicesAmt083579
IRS990/OtherExpensesGrp/ProgramServicesAmt112480
IRS990/OtherExpensesGrp/ProgramServicesAmt211176
IRS990/OtherExpensesGrp/ProgramServicesAmt36986
IRS990/OtherExpensesGrp/TotalAmt0104474
IRS990/OtherExpensesGrp/TotalAmt115600
IRS990/OtherExpensesGrp/TotalAmt213970
IRS990/OtherExpensesGrp/TotalAmt38733
IRS990/OtherLiabilitiesGrp/BOYAmt0381598
IRS990/OtherLiabilitiesGrp/EOYAmt0646824
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt0961
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0961
IRS990/OtherRevenueTotalAmt0961
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt065942
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0263769
IRS990/OtherSalariesAndWagesGrp/TotalAmt0329711
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07314
IRS990/PayrollTaxesGrp/ProgramServicesAmt029254
IRS990/PayrollTaxesGrp/TotalAmt036568
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt037037
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt036858
IRS990/PrincipalOfficerNm0KEITH M BELANGER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561700
IRS990/ProgramServiceRevenueGrp/BusinessCd1711300
IRS990/ProgramServiceRevenueGrp/Desc0DISTRICT ASSESSMENT
IRS990/ProgramServiceRevenueGrp/Desc1PROMOTIONAL/SPECIAL EV
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0526216
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt170223
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0526216
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt170223
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt035490
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02
IRS990/PYOtherExpensesAmt0301065
IRS990/PYOtherRevenueAmt03214
IRS990/PYProgramServiceRevenueAmt0595350
IRS990/PYRevenuesLessExpensesAmt0-105130
IRS990/PYSalariesCompEmpBnftPaidAmt0438121
IRS990/PYTotalExpensesAmt0739186
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0634056
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-233235
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0596439
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt022930
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0252985
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0275915
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt07660
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0123449
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0131109
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0145
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt070420
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt070565
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0646824
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO BUFFALO PLACE FOUNDATION, INC.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BUFFALO 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 2016 AND 2015. U.S. FORMS 990 FILED BY THE ORGANIZATION ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt030735
IRS990ScheduleD/TotalLiabilityAmt0646824
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEW CONDUCTED BY OFFICERS AND DIRECTORS.

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$269,414
Liabilities
$688,441
Net assets
-$419,027
Revenue
$672,402
Expenses
$905,637
Net income
-$233,235
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