2024-02-12T16:56:01-06:00 2023-09-30 141624930 TEAL BECKER & CHIARAMONTE CPAS PC 7 WASHINGTON SQUARE ALBANY NY 12205 990 2022-10-01 842112665 EXCELSIOR LOCAL DEVELOPMENT CORPORATION EXCE 5184632268 50 BEAVER STREET ALBANY NY 12207 OWEN BURNS VICE-PRESIDENT 5184632268 2024-02-09 1 OWEN BURNS XXX-XX-XXXX 0 STEPHANIE MUMFORD CPA P01278366 5184566663 2024-02-09 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z 50 BEAVER STREET ALBANY NY 12207 1282544 0 X N/A X 2019 NY TO ASSIST SMALL BUSINESSES 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. 4 3 1 0 0 0 1311750 609016 770221 673528 0 0 0 0 2081971 1282544 0 0 0 0 44271 361629 0 0 0 211318 260406 255589 622035 1826382 660509 5240927 3554505 2542142 195211 2698785 3359294 SEE SCHEDULE O 0 0 535544 673528 THE CORPORATION MAKES LOANS TO SMALL BUSINESSES ON TERMS THAT WOULD NOT BE REASONABLY AVAILABLE FROM COMMERCIAL LENDERS DOING BUSINESS IN NYS IN ORDER TO: RELIEVE AND REDUCE UNEMPLOYMENT, PROMOTE AND PROVIDE FOR ADDITIONAL AND MAXIMUM EMPLOYMENT, AID COMMUNITIES IN NYS BY ENCOURAGING THE DEVELOPMENT AND/OR RETENTION OF INDUSTRY. 535544 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 4 3 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 NY X OWEN BURNS 5186948458 50 BEAVER STREET ALBANY NY 12207 BRUCE W BOYEA DIRECTOR 1.00 X X 500 0 0 JEFFREY LEVY DIRECTOR 1.00 X X 500 0 0 PATRICK J MACKRELL CHAIRMAN, PRESIDENT AND CEO 1.00 X X 25639 830904 0 CHRIS LEVY VP & SECRETARY 1.00 X X 0 374139 0 OWEN BURNS VP & TREASURER 1.00 X 0 283672 0 26639 1488715 0 0 0 1 0 0 609016 609016 INTEREST INCOME 522200 646546 646546 LLC INCOME 525990 15782 15782 ORIGINATION FEES 522200 11200 11200 673528 1282544 673528 0 0 345239 277249 67990 8571 7998 573 7819 7297 522 275 275 13498 13498 2513 2513 243000 243000 BANK FEES 1120 1120 622035 535544 86491 0 27812 34728 28159 0 5141131 2258377 1218259 43825 43141 5240927 3554505 195211 2530628 0 11514 0 2542142 195211 X 2698785 3359294 2698785 3359294 5240927 3554505 660509 0 X 0 1 X 0 0 X 155598 1311750 609016 2076364 880813 950032 770221 657746 3258812 880813 1105630 2081971 1266762 5335176 0 0 0 5335176 880813 1105630 2081971 1266762 5335176 1.00000 1.00000 0.00000 X 0 0 INVESTMENT IN LLC 1218259 F 1218259 X 1282544 0 1282544 0 1282544 622035 0 622035 0 622035 PART X, LINE 2: THE COMPANY FOLLOWS THE GUIDANCE FOR UNCERTAINTY IN INCOME TAXES. AS OF SEPTEMBER 30, 2023, THE COMPANY BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE INCOME TAX POSITIONS TAKEN AND TO BE TAKEN ON ITS RETURNS BASED ON AN ASSESSMENT OF MANY FACTORS INCLUDING EXPERIENCE AND INTERPRETATIONS OF TAX LAWS APPLIED TO THE FACTS OF EACH MATTER. THE COMPANY HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING DISCLOSURE, AND THERE ARE NO MATERIAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS. 0 0 0 0 0 0 0 0 0 PATRICK J MACKRELL CHAIRMAN, PRESIDENT AND CEO 25639 830904 0 0 0 0 0 0 0 0 25639 830904 0 0 CHRIS LEVY VP & SECRETARY 0 374139 0 0 0 0 0 0 0 0 0 374139 0 0 OWEN BURNS VP & TREASURER 0 283672 0 0 0 0 0 0 0 0 0 283672 0 0 BRUCE BOYEA ALSO SERVES AS A DIRECTOR OF NYBDC AND NYBDC LOCAL DEVELOPMENT CORPORATION 0 PATRICK MACKRELL ALSO SERVES AS A DIRECTOR OF NYBDC AND NYBDC LOCAL DEVELOPMENT CORPORATION 0 FORM 990, PART VI, SECTION B, LINE 11B THE ENTIRE BOARD WILL NOT REVIEW FORM 990 PRIOR TO FILING. FORM 990 WILL BE REVIEWED BY THE CONTROLLER AND PRESIDENT/CEO FOR ACCURACY AND COMPLETENESS BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS MUST SIGN A STATEMENT WHEN ELECTED TO THEIR INITIAL AND ANY SUBSEQUENT TERMS, DETERMINED ANNUALLY, AFFIRMING THAT THEY UNDERSTAND AND COMPLY WITH THE CONFLICT OF INTEREST POLICY, WHICH INCLUDES A DUTY TO DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST. CONFLICTS OF INTEREST ARE DETERMINED BY THE REMAINING BOARD MEMBERS AND HANDLED ACCORDINGLY. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS WILL BE MADE AVAILABLE, WITH PRESIDENT/CEO AUTHORIZATION, TO THE PUBLIC UPON REQUEST. NEW YORK BUSINESS DEVELOPMENT CORPORATION 50 BEAVER STREET ALBANY NY 12207 PARTICIPATES WITH BANKS TO PROVIDE LONG TERM FINANCING TO BUSINESSES IN NYS NY C 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 NEW YORK BUSINESS DEVELOPMENT CORPORATION N NEW YORK BUSINESS DEVELOPMENT CORPORATION E 5578197 AMOUNT INVOLVED REPRESENTS LARGES NEW YORK BUSINESS DEVELOPMENT CORPORATION D 293726 AMOUNT INVOLVED REPRESENTS LARGES