2025-04-04T15:47:07-05:00 2024-09-30 141555429 UHY ADVISORS NORTHEAST INC 4 TOWER PLACE EXECUTIVE PARK 7TH FLOOR ALBANY NY 12203 990 2023-10-01 842112665 EXCELSIOR LOCAL DEVELOPMENT CORPORATION EXCE 5184632268 50 BEAVER STREET ALBANY NY 12207 CHRIS LEVY PRESIDENT 5184632268 2025-04-03 1 1 ERIC HENNESSEY P00325776 5184493166 2025-04-03 2023 2025-03-06 01:10:19Z CHRIS LEVY 50 BEAVER STREET ALBANY NY 12207 509067 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 609016 0 673528 509067 0 0 0 0 1282544 509067 0 0 0 0 361629 134360 0 0 0 260406 200533 622035 334893 660509 174174 3554505 6798471 195211 3265003 3359294 3533468 SEE SCHEDULE O 0 0 277203 509067 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. 277203 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 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 1 0 1 1 1 0 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 PATRICK J MACKRELL CHAIRMAN, PRESIDENT & CEO 1.00 X X 0 100000 0 CHRIS LEVY VP & SECRETARY 1.00 X X 0 450962 0 BRUCE W BOYEA DIRECTOR 1.00 X X 0 6900 0 JEFFREY LEVY DIRECTOR 1.00 X X 0 0 0 OWEN BURNS VP & TREASURER 1.00 X 0 290808 0 0 848670 0 0 0 1 0 0 INTEREST INCOME 522200 451894 451894 LLC INCOME 525990 46373 46373 ORIGINATION FEES 522200 10800 10800 509067 509067 509067 0 0 118284 98713 19571 8476 7204 1272 7600 6460 1140 5 5 31500 31500 3177 3177 164826 164826 BANK FEES 1025 1025 334893 277203 57690 0 34728 10265 2258377 5271694 1218259 1468405 43141 48107 3554505 6798471 195211 32733 3215223 0 17047 195211 3265003 X 3359294 3533468 3359294 3533468 3554505 6798471 174174 0 X 0 1 X 0 0 X 155598 1311750 609016 2076364 880813 950032 770221 657746 509067 3767879 880813 1105630 2081971 1266762 509067 5844243 0 0 0 5844243 880813 1105630 2081971 1266762 509067 5844243 1.00000 1.00000 0.00000 X 0 0 INVESTMENT IN LLC 1468405 F 1468405 INTEREST PAYABLE 17047 17047 X 509067 0 509067 0 509067 334893 0 334893 0 334893 PART X, LINE 2: FASB ASC 740 FINANCIAL STATEMENTS FOOTNOTE RELATED TO UNCERTAIN TAX POSITIONS: THE COMPANY FOLLOWS THE GUIDANCE FOR UNCERTAINTY IN INCOME TAXES. AS OF SEPTEMBER 30, 2024, 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 CHRIS LEVY VP & SECRETARY 0 450962 0 0 0 0 0 0 0 0 0 450962 0 0 OWEN BURNS VP & TREASURER 0 290808 0 0 0 0 0 0 0 0 0 290808 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 FORM 990 REVIEW PROCESS: THE FORM 990 IS REVIEWED BY THE CONTROLLER AND PRESIDENT/CEO FOR ACCURACY AND COMPLETENESS BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY PROCEDURES: EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS MUST SIGN A STATEMENT WHEN ELECTED TO THEIR INITIAL AND AND 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 AVAILABILITY TO PUBLIC OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS: THESE ARE MADE AVAILABLE, WITH PRESIDENT/CEO AUTHORIZATION, UPON REQUEST. NEW YORK BUSINESS DEVELOPMENT CORPORATION 50 BEAVER STREET ALBANY NY 12207 141420782 PARTICIPATES WITH BANKS TO PROVIDE LONG TERM FINANCING TO BUSINESSES IN NYS NY N/A C 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 1 0 NEW YORK BUSINESS DEVELOPMENT CORPORATION E 2659223 AMOUNT BORROWED NEW YORK BUSINESS DEVELOPMENT CORPORATION R 59640 INTEREST EXPENSE