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Nonprofit · EIN 22-2255223

BUFFALO & ERIE COUNTY REGIONAL DEVELOPMENT CORP

Tax-exempt · BUFFALO, NY 14203

Financials

$832K$326K2023$781K$520K2024$794K$415K2025
Revenue Expenses · by fiscal year end
Financials of BUFFALO & ERIE COUNTY REGIONAL DEVELOPMENT CORP by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$793,602$414,934$378,668$23,657,628$337,795$23,319,833
December 31, 2024990$780,513$520,403$260,110$23,265,021$323,856$22,941,165
December 31, 2023990$831,864$325,695$506,169$22,995,933$314,878$22,681,055
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$584,943
Investment income
$208,659
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$17,458
Accounting fees
$17,800
Occupancy
$26,563
Travel
$798
Program services (functional)
$317,503
Management and general (functional)
$97,431

Balance sheet and other

Total assets, start of year
$23,265,021
Total assets, end of year
$23,657,628
Total liabilities, end of year
$337,795
Net assets, end of year
$23,319,833
Net assets without donor restrictions
$18,696,057
Net assets with donor restrictions
$4,623,776
Gross receipts
$793,602
Employees
0
Volunteers
18
Year formed
1979
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
JOHN CAPPELLINOPRESIDENT/CEO
Officer
0.5$0$209,671$45,495
MOLLIE PROFICTREASURER
Officer
0.5$0$126,839$42,365
ELIZABETH O'KEEFEVICE PRESIDENT AND SECRETARY
Officer
0$0$130,607$25,927
GRANT LESSWINGDIRECTOR OF BUSINESS DEVELOPMENT
Highest-paid employee
0.5$0$124,575$24,475
BRIAN KRYGIERDIRECTOR OF INFORMATION TECHNOLOGY
Highest-paid employee
0.25$0$100,776$41,277
GERALD MANHARDCHIEF LENDING OFFICER
Highest-paid employee
35.5$0$108,417$22,898
ANDREW FEDERICKDIRECTOR OF PROPERTY DEVELOPMENT
Highest-paid employee
0$0$104,565$23,080
BRENDA MCDUFFIECHAIRWOMAN
Trustee or director, Officer
0.5$0$0$0
RICHARD LIPSITZVICE CHAIR (THRU 5/2025)
Trustee or director, Officer
0.5$0$0$0
DENISE ABBOTTVICE CHAIR (EFF 6/2025)
Trustee or director, Officer
0.5$0$0$0
LAVONNE ANSARIDIRECTOR (EFF 3/2025)
Trustee or director
0.5$0$0$0
MARK BLUEDIRECTOR
Trustee or director
0.5$0$0$0
GRACE BOGDANOVEDIRECTOR (EFF 12/2025)
Trustee or director
0.5$0$0$0
PATRICK BOYLEDIRECTOR (THRU 6/2025)
Trustee or director
0.5$0$0$0
JONATHAN DANDESDIRECTOR (EFF 6/2025)
Trustee or director
0.5$0$0$0
13 more people on this return
NameTitleHours / weekCompensation
THOMAS EMMERLINGDIRECTOR (THRU 5/2025)
Trustee or director
0.5$0
JOSEPH EMMINGERDIRECTOR
Trustee or director
0.5$0
DOROTHY GALLAGHERDIRECTOR
Trustee or director
0.5$0
LORRY GOLDHAWKDIRECTOR (EFF 7/2025)
Trustee or director
0.5$0
GREGORY INGLUTDIRECTOR (EFF 6/2025)
Trustee or director
0.5$0
TYRA JOHNSONDIRECTOR
Trustee or director
0.5$0
BRIAN KULPADIRECTOR
Trustee or director
0.5$0
GLENN NELLISDIRECTOR
Trustee or director
0.5$0
BRIAN NOWAKDIRECTOR
Trustee or director
0.5$0
MARK POLONCARZDIRECTOR
Trustee or director
0.5$0
CHRISTOPHER SCANLONDIRECTOR
Trustee or director
0.5$0
KENNETH SCHOETZDIRECTOR
Trustee or director
0.5$0
TAISHA ST JEAN-TARDDIRECTOR
Trustee or director
0.5$0
990 for the year ended December 31, 2024: 23 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
JOHN CAPPELLINOPRESIDENT/CEO
Officer
0.5$0$207,385$43,232
MOLLIE PROFICTREASURER
Officer
1$0$119,375$40,941
ELIZABETH O'KEEFEVICE PRESIDENT AND SECRETARY
Officer
0$0$125,572$24,650
GRANT LESSWINGDIRECTOR OF BUSINESS DEVELOPMENT
Highest-paid employee
0.75$0$113,217$31,788
GERALD MANHARDCHIEF LENDING OFFICER
Highest-paid employee
35.5$0$101,627$21,502
BRENDA MCDUFFIECHAIRWOMAN
Trustee or director, Officer
0.5$0$0$0
RICHARD LIPSITZVICE CHAIR
Trustee or director, Officer
0.5$0$0$0
DENISE ABBOTTDIRECTOR
Trustee or director
0.5$0$0$0
PATRICK BOYLEDIRECTOR
Trustee or director
0.5$0$0$0
MARK BLUEDIRECTOR
Trustee or director
0.5$0$0$0
JAMES DOHERTYDIRECTOR
Trustee or director
0.5$0$0$0
THOMAS EMMERLINGDIRECTOR
Trustee or director
0.5$0$0$0
JOSEPH EMMINGERDIRECTOR
Trustee or director
0.5$0$0$0
DOTTIE GALLAGHERDIRECTOR
Trustee or director
0.5$0$0$0
JOHN GILMOURDIRECTOR
Trustee or director
0.5$0$0$0
MICHAEL HUGHESDIRECTOR
Trustee or director
0.5$0$0$0
TYRA JOHNSONDIRECTOR
Trustee or director
0.5$0$0$0
BRIAN KULPADIRECTOR
Trustee or director
0.5$0$0$0
GLENN NELLISDIRECTOR
Trustee or director
0.5$0$0$0
BRIAN NOWAKDIRECTOR
Trustee or director
0.5$0$0$0
MARK POLONCARZDIRECTOR
Trustee or director
0.5$0$0$0
CHRISTOPHER SCANLONDIRECTOR
Trustee or director
0.5$0$0$0
KENNETH SCHOETZDIRECTOR
Trustee or director
0.5$0$0$0
990 for the year ended December 31, 2023: 23 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
JOHN CAPPELLINOPRESIDENT/CEO
Officer
0.5$0$207,545$41,612
MOLLIE PROFICTREASURER
Officer
3$0$108,928$37,485
ELIZABETH O'KEEFEVICE PRESIDENT AND SECRETA
Officer
0$0$120,837$23,844
GRANT LESSWINGDIRECTOR OF BUSINESS DEVEL
Highest-paid employee
1$0$109,077$29,740
BRENDA MCDUFFIECHAIRWOMAN
Trustee or director, Officer
0.5$0$0$0
RICHARD LIPSITZVICE CHAIR
Trustee or director, Officer
0.5$0$0$0
DENISE ABBOTTDIRECTOR
Trustee or director
0.5$0$0$0
DIANE BENCZKOWSKIDIRECTOR
Trustee or director
0.5$0$0$0
MARK BLUEDIRECTOR
Trustee or director
0.5$0$0$0
BYRON BROWNDIRECTOR
Trustee or director
0.5$0$0$0
JAMES DOHERTYDIRECTOR
Trustee or director
0.5$0$0$0
JOSEPH EMMINGERDIRECTOR
Trustee or director
0.5$0$0$0
DOTTIE GALLAGHERDIRECTOR
Trustee or director
0.5$0$0$0
MICHAEL HUGHESDIRECTOR
Trustee or director
0.5$0$0$0
HOWARD JOHNSONDIRECTOR
Trustee or director
0.5$0$0$0
TYRA JOHNSONDIRECTOR
Trustee or director
0.5$0$0$0
BRIAN KULPADIRECTOR
Trustee or director
0.5$0$0$0
DENISE MCCOWANDIRECTOR
Trustee or director
0.5$0$0$0
GLENN NELLISDIRECTOR
Trustee or director
0.5$0$0$0
MARK POLONCARZDIRECTOR
Trustee or director
0.5$0$0$0
DARIUS PRIDGENDIRECTOR
Trustee or director
0.5$0$0$0
KENNETH SCHOETZDIRECTOR
Trustee or director
0.5$0$0$0
PAUL VUKELICDIRECTOR
Trustee or director
0.5$0$0$0

Address and contacts

Address (IRS master file)
95 PERRY ST STE 403, BUFFALO, NY 14203-3030
Principal officer (990 for 2025)
JOHN CAPPELLINO, 95 PERRY STREET 403, BUFFALO, NY 14203
Signed the 990
JOHN CAPPELLINO, PRESIDENT/CEO
Phone
(716) 856-6525
Return prepared by
LUMSDEN & MCCORMICK LLP

Mission

BUFFALO AND ERIE COUNTY REGIONAL DEVELOPMENT CORPORATION WAS INCORPORATED FOR THE PURPOSE OF ENCOURAGING THE EXPANSION OF EXISTING COMPANIES IN TARGET AREAS OF ERIE COUNTY BY ESTABLISHING A REVOLVING LOAN FUND FROM WHICH THE CORPORATION MAKES LOANS TO INDIVIDUAL COMPANIES.

990 for the year ended December 31, 2025

Program accomplishments

  • PROVISION FOR LOAN LOSSES, INCLUDED IN PROGRAM EXPENSE, REPRESENTS MANAGEMENT'S PROVISION FOR POTENTIAL UNCOLLECTIBLE LOANS AMONG ALL LOANS MADE FOR THE PURPOSE OF ENCOURAGING COMPANIES TO INVEST OR EXPAND IN ERIE COUNTY.
    Expenses $317,503 · revenue $584,943

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
22-2255223
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1979
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$23,657,628
Income (IRS master file)
$793,602

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$793,602$414,934$23,657,628XML
990December 2024$780,513$520,403$23,265,021IRS
990December 2023$831,864$325,695$22,995,933XML
990December 2022$667,034$245,362$22,564,796IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2255223).

Questions about BUFFALO & ERIE COUNTY REGIONAL DEVELOPMENT CORP

What is the EIN of BUFFALO & ERIE COUNTY REGIONAL DEVELOPMENT CORP?
The employer identification number (EIN) of BUFFALO & ERIE COUNTY REGIONAL DEVELOPMENT CORP is 22-2255223.
Is BUFFALO & ERIE COUNTY REGIONAL DEVELOPMENT CORP tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
Are donations to BUFFALO & ERIE COUNTY REGIONAL DEVELOPMENT CORP tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BUFFALO & ERIE COUNTY REGIONAL DEVELOPMENT CORP file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of BUFFALO & ERIE COUNTY REGIONAL DEVELOPMENT CORP due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BUFFALO & ERIE COUNTY REGIONAL DEVELOPMENT CORP last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of BUFFALO & ERIE COUNTY REGIONAL DEVELOPMENT CORP?
The 990 for the year ended December 31, 2025 names JOHN CAPPELLINO.
Who are the officers and directors of BUFFALO & ERIE COUNTY REGIONAL DEVELOPMENT CORP?
The 990 for the year ended December 31, 2025 lists 28 people; 0 received compensation from the organization.
How much revenue does BUFFALO & ERIE COUNTY REGIONAL DEVELOPMENT CORP have?
On its 990 for the year ended December 31, 2025 it reported revenue of $793,602, expenses of $414,934 and total assets of $23,657,628 at year end.

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