Nybdc Local Development Corporation

Fiscal year ending 2024. Filed on April 4, 2025.

50 Beaver Street
Floor
Albany, New York 12207

Nybdc Local Development Corporation (EIN: 26-4032355) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Nybdc Local Development Corporation, a 501(c)(3) charitable organization, reported compensation for 13 out of 30 total employees. Among the employees shown here, the average compensation is $175,596. The highest compensated employee at Nybdc Local Development Corporation is Chris Levy with fiscal year 2024 compensation of $450,962.

Revenue, expenses, and employee compensation

Revenue

$7,795,997

Expenses

$8,416,318

Employee compensation

$3,714,964
Revenue, expenses, and employee compensation over time

Mission Statement

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.

Revisions to this organization profile

April 4, 2025:
2024 Nybdc Local Development Corporation 990 filed
February 1, 2024:
2023 Nybdc Local Development Corporation 990 filed
February 10, 2023:
2022 Nybdc Local Development Corporation 990 filed

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