Buffalo Urban Development Corporation
Nonprofit profile at a glance
- EIN
- 222324226
- IRS 990-T coverage
- 2020–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2025
- Location
- Buffalo, NY, US
- Phone
- (716) 856-6525
- Rating confidence
- Limited
- Sector
- Community Improvement, Capacity Building N.E.C.
Reported finances
- Revenue
- $486,554
- Expenses
- $83,161
Source: IRS Form 990-T. Selected filing: tax year 2025. Amounts in USD.
Overview
Mission
Buffalo Urban Development Corporation (BUDC) is the City of Buffalo's not-for-profit development agency, reclaiming distressed land and buildings for future development. BUDC seeks to create an environment conducive to private investment, provide oversight and visioning for projects of regional significance, serve as a liaison among various public and private stakeholders, serve as a conduit for public funding of significant projects and serve as a real estate holding company for certain public-sector projects.
Buffalo Urban Development Corporation (BUDC) is the City of Buffalo's not-for-profit development agency, reclaiming distressed land and buildings for future development. It seeks to create an environment conducive to private investment, provide oversight and visioning for projects of regional significance, serve as a liaison among various public and private stakeholders, serve as a conduit for public funding of significant projects, and serve as a real estate holding company for certain public-sector projects. BUDC leads major initiatives such as the Northland Corridor Redevelopment Project, the Downtown Waterfront Improvements Plan, and the Temporary Intersection Redesign Project, working to connect residents and visitors to the waterfront through accessibility and placemaking enhancements.
Operating model
- Revenue model
- Donor-supported. 64% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 84% of its reported program spending out as grants.
The verdict
- This return only reports unrelated business income. Use the main filing to assess the organization as a whole.
Rating breakdown
Details
- What they do: 1 operating location identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Activities: Unrelated business income $482K · Business deductions $83K
- Consistency: 7 of 7 current checks pass
- Filing history: 6 filing years from 2020 to 2025
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 9 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.