NonprofitsNybdc Local Development Corporation

Community Improvement & Capacity Building

Nybdc Local Development Corporation

LATHAM, NY

Total revenue

$7.8M

Total expenses

$8.4M

Net assets

$22.1M

Grants received

$7.3M

20 grants

EIN

264032355

Tax year

2023

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.

Financials

FY 2023

Revenue

Contributions & grants$3.2M
Program service revenue$4.6M
Investment income
Other revenue
Total revenue$7.8M

Expenses

Grants paid
Salaries & benefits$3.7M
Fundraising
Other expenses$4.7M
Total expenses$8.4M
Total assets$50.7M
Net assets$22.1M

People

21 listed

NameRoleCompensation

STEVEN R COHEN

PRSIDENT

Board

$310K

37.5 hrs/wk

BRAD SEADER

VICE PRESIDENT

Board

$178K

37.5 hrs/wk

PAOLA GARCIA

VICE PRESIDENT

Board

$135K

37.5 hrs/wk

WESLEY SLYKE

VICE PRESIDENT

Board

$130K

37.5 hrs/wk

SHERRI FALCK

ASSISTANT VICE PRESIDENT

Board

$119K

37.5 hrs/wk

MALINI KRISHNA

VICE PRESIDENT

Board

$116K

37.5 hrs/wk

LEO ZHANG

VICE PRESIDENT

Board

$115K

37.5 hrs/wk

JAMES BILOTTA

VICE PRESIDENT

Board

$98K

37.5 hrs/wk

CAROL O'CONNELL

VICE PRESIDENT

Board

$69K

37.5 hrs/wk

PATRICK MACKRELL

DIRECTOR

Board

$2K

1 hrs/wk

JAMES BYRNES

DIRECTOR

Board

$2K

3 hrs/wk

BRUCE BOYEA

DIRECTOR

Board

$2K

1 hrs/wk

GREGG BISHOP

DIRECTOR

Board

$2K

1 hrs/wk

JOHN WITKOWSKI

DIRECTOR

Board

$2K

1 hrs/wk

GARY BERNER

DIRECTOR

Board

$1K

1 hrs/wk

MISCHAEL PUGH

DIRECTOR

Board

$1K

1 hrs/wk

SONYA SMITH

DIRECTOR

Board

$1K

1 hrs/wk

CHRIS LEVY

CEO

Board

13 hrs/wk

OWEN BURNS

EXECUTIVE VP & CFO

Board

1 hrs/wk

DAVID HANOLD

VICE PRESIDENT & CHIEF L

Board

37.5 hrs/wk

ZACHARY LAJEUNESSE

VICE PRESIDENT

Board

37.5 hrs/wk

Grants received

Showing 20 of 20

FromAmountPurposeYear
$1M
DISADVANTAGED SMALL BUSINESS CAPITAL ACCESS INITIATIVE
2024
$75K
Program support for Pursuits new Pathway to Profitability Program for Hartford small businesses
2023
$25K
For grant recipient's exempt purposes
2023
$19K
OPERATING SUPPORT
2023
$50K
Program support for Pursuit to provide intensive assistance to small businesses in the city of Hartf
2022
$50K
SUPPORT LENDING AND EDUCATION SERVICES TO UNDERSERVED SMALL BUSINESSES
2022
$19K
OPERATING SUPPORT
2022
$225K
Business Financial Assistance Program
2021
$50K
SUPPORT LENDING AND EDUCATION SERVICES TO UNDERSERVED SMALL BSUINESSES
2021
$500K
COVID-19 RESPONSE PROGRAM
2020
$2.7M
PROVIDE LOANS TO SMALL BUSINESSES
2019
$733K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2019
$25K
ECONOMIC DEVELOPMENT
2019
$534K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2018
$100K
PROGRAM/OPERATING SUPPORT
2018
$59K
ECONOMIC DEVELOPMENT
2018
$84K
ECONOMIC DEVELOPMENT
2017

Funded by

$7.3M from 12 funders · 20 grants · 2017–2024

World Trade Center Small Business

$2.7M · 1 grant · 2019

Jpmorgan Chase Foundation

$1.3M · 2 grants · 2018–2019

Hillman Family Foundations

$1M · 1 grant · 2024

The Bank of America Charitable Foundation Inc

$600K · 3 grants · 2018–2020

Citi Foundation

$500K · 1 grant · 2020

Workforce Development Corporation

$225K · 1 grant · 2021

Jumpstart Inc

$167K · 3 grants · 2017–2019

Details

EIN264032355
NTEE codeS30
Subsection03
Ruling date2009-10
Formed2009
Employees30
Volunteers0
NYBDC LOCAL DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo