Nonprofit · EIN 26-4032355
NYBDC LOCAL DEVELOPMENT CORPORATION
Tax-exempt · LATHAM, NY 12110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $13,082,282 | $8,743,530 | $4,338,752 | $53,012,890 | $27,572,464 | $25,440,426 |
| September 30, 2024 | 990 | $7,795,997 | $8,416,318 | -$620,321 | $50,732,600 | $28,597,059 | $22,135,541 |
| September 30, 2023 | 990 | $12,326,838 | $7,890,484 | $4,436,354 | $46,460,680 | $21,976,645 | $24,484,035 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $7,188,289
- Program service revenue
- $5,893,993
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $3,081,481
- Salaries, compensation and benefits (total)
- $3,803,934
- Professional fundraising fees
- $0
- Legal fees
- $75,359
- Accounting fees
- $75,000
- Occupancy
- $419,962
- Travel
- $183,450
- Program services (functional)
- $7,003,680
- Management and general (functional)
- $1,739,850
Balance sheet and other
- Total assets, start of year
- $50,732,600
- Total assets, end of year
- $53,012,890
- Total liabilities, end of year
- $27,572,464
- Net assets, end of year
- $25,440,426
- Net assets without donor restrictions
- $20,282,370
- Net assets with donor restrictions
- $5,158,056
- Gross receipts
- $13,082,282
- Employees
- 31
- Volunteers
- 0
- Year formed
- 2009
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| CHRIS LEVY | CEO Trustee or director, Officer | 13 | $0 | $462,308 |
| STEVEN R COHEN | PRSIDENT Officer | 37.5 | $308,656 | $0 |
| OWEN BURNS | EXECUTIVE VP & CFO Officer | 1 | $0 | $305,039 |
| BRAD SEADER | VICE PRESIDENT Officer | 37.5 | $178,792 | $0 |
| DAVID HANOLD | VICE PRESIDENT & CHIEF L Officer | 37.5 | $0 | $178,565 |
| PAOLA GARCIA | VICE PRESIDENT Officer | 37.5 | $143,661 | $0 |
| WESLEY SLYKE | VICE PRESIDENT Officer | 37.5 | $133,141 | $0 |
| SHERRI FALCK | ASSISTANT VICE PRESIDENT Officer | 37.5 | $130,420 | $0 |
| MALINI KRISHNA | VICE PRESIDENT Officer | 37.5 | $120,462 | $0 |
| LEO ZHANG | VICE PRESIDENT Officer | 37.5 | $113,194 | $0 |
| ZACHARY LAJEUNESSE | VICE PRESIDENT Officer | 37.5 | $0 | $62,460 |
| GREGG BISHOP | DIRECTOR Trustee or director, Officer | 1 | $2,870 | $0 |
| BRUCE BOYEA | DIRECTOR Trustee or director, Officer | 1 | $2,620 | $0 |
| JAMES BYRNES | DIRECTOR Trustee or director, Officer | 3 | $2,620 | $0 |
| MISCHAEL PUGH | DIRECTOR Trustee or director, Officer | 1 | $2,370 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SONYA SMITH | DIRECTOR Trustee or director, Officer | 1 | $2,370 |
| JOHN WITKOWSKI | DIRECTOR Trustee or director, Officer | 1 | $2,000 |
| PATRICK MACKRELL | DIRECTOR Trustee or director, Officer | 1 | $2,000 |
990 for the year ended September 30, 2024: 21 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| CHRIS LEVY | CEO Trustee or director, Officer | 13 | $0 | $450,962 |
| STEVEN R COHEN | PRSIDENT Officer | 37.5 | $309,659 | $0 |
| OWEN BURNS | EXECUTIVE VP & CFO Officer | 1 | $0 | $290,808 |
| BRAD SEADER | VICE PRESIDENT Officer | 37.5 | $177,584 | $0 |
| DAVID HANOLD | VICE PRESIDENT & CHIEF L Officer | 37.5 | $0 | $171,205 |
| PAOLA GARCIA | VICE PRESIDENT Officer | 37.5 | $134,562 | $0 |
| WESLEY SLYKE | VICE PRESIDENT Officer | 37.5 | $130,315 | $0 |
| SHERRI FALCK | ASSISTANT VICE PRESIDENT Officer | 37.5 | $119,237 | $0 |
| MALINI KRISHNA | VICE PRESIDENT Officer | 37.5 | $116,381 | $0 |
| LEO ZHANG | VICE PRESIDENT Officer | 37.5 | $115,309 | $0 |
| ZACHARY LAJEUNESSE | VICE PRESIDENT Officer | 37.5 | $0 | $99,211 |
| JAMES BILOTTA | VICE PRESIDENT Officer | 37.5 | $98,215 | $0 |
| CAROL O'CONNELL | VICE PRESIDENT Officer | 37.5 | $69,298 | $0 |
| BRUCE BOYEA | DIRECTOR Trustee or director, Officer | 1 | $2,000 | $4,900 |
| GREGG BISHOP | DIRECTOR Trustee or director, Officer | 1 | $2,000 | $0 |
| JAMES BYRNES | DIRECTOR Trustee or director, Officer | 3 | $2,000 | $0 |
| PATRICK MACKRELL | DIRECTOR Trustee or director, Officer | 1 | $2,000 | $0 |
| JOHN WITKOWSKI | DIRECTOR Trustee or director, Officer | 1 | $1,500 | $0 |
| GARY BERNER | DIRECTOR Trustee or director, Officer | 1 | $1,350 | $0 |
| MISCHAEL PUGH | DIRECTOR Trustee or director, Officer | 1 | $1,000 | $0 |
| SONYA SMITH | DIRECTOR Trustee or director, Officer | 1 | $1,000 | $0 |
990 for the year ended September 30, 2023: 21 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| CHRIS LEVY | CEO Trustee or director, Officer | 1 | $0 | $374,139 |
| OWEN F BURNS | EXECUTIVE VP & CFO Officer | 1 | $0 | $283,672 |
| STEVEN R COHEN | PRESIDENT Officer | 40 | $282,331 | $0 |
| BRAD SEADER | VICE PRESIDENT Officer | 40 | $148,316 | $0 |
| DAVID HANOLD | VICE PRESIDENT AND CHIEF L Officer | 1 | $0 | $127,728 |
| PAOLA GARCIA | VICE PRESIDENT Officer | 40 | $113,254 | $0 |
| WESLEY SLYKE | VICE PRESIDENT Officer | 40 | $111,287 | $0 |
| MALINI KRISHNA | VICE PRESIDENT Officer | 40 | $101,282 | $0 |
| SHERRI FALCK | ASSISTANT VICE PRESIDENT Officer | 40 | $97,060 | $0 |
| LEO ZHANG | VICE PRESIDENT Officer | 40 | $93,792 | $0 |
| ZACHARY LAJEUNESSE | VICE PRESIDENT Officer | 1 | $0 | $85,285 |
| CAROL O'CONNELL | VICE PRESIDENT Officer | 40 | $77,600 | $0 |
| JAMES BILOTTA | VICE PRESIDENT Officer | 40 | $48,018 | $0 |
| GREGG BISHOP | DIRECTOR Trustee or director, Officer | 1 | $2,000 | $0 |
| BRUCE BOYEA | DIRECTOR Trustee or director, Officer | 1 | $2,000 | $0 |
| JAMES BYRNES | DIRECTOR Trustee or director, Officer | 1 | $2,000 | $0 |
| GARY BERNER | DIRECTOR Trustee or director, Officer | 1 | $1,850 | $0 |
| JOHN WITKOWSKI | DIRECTOR Trustee or director, Officer | 1 | $1,500 | $0 |
| PATRICK MACKRELL | DIRECTOR Trustee or director, Officer | 1 | $1,500 | $0 |
| MICHAEL PUGH | DIRECTOR Trustee or director, Officer | 1 | $1,000 | $0 |
| SONYA SMITH | DIRECTOR Trustee or director, Officer | 1 | $500 | $0 |
Address and contacts
- Address (IRS master file)
- 19 BRITISH AMERICAN BLVD, LATHAM, NY 12110-0000
- Principal officer (990 for 2024)
- CHRIS LEVY, 19 BRITISH AMERICAN BLVD E, LATHAM, NY 12110
- Signed the 990
- CHRIS LEVY, CEO
- Phone
- (518) 463-2268
- Return prepared by
- UHY ADVISORS NORTHEAST INC
Mission
SEE SCHEDULE O
Program accomplishments
- 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. THE CORPORATION CONTINUES TO EVOLVE AND OFFER A WIDE RANGE OF FINANCIAL AND BUSINESS ADVISORY SERVICES TO SMALL BUSINESSES IN NEW YORK STATE AND IS NOW OPERATING UNDER THE NAME PURSUIT COMMUNITY FINANCE.Expenses $7,003,680 · revenue $5,893,993
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 26-4032355
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $53,012,890
- Income (IRS master file)
- $13,082,282
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $13,082,282 | $8,743,530 | $53,012,890 | XML |
| 990 | September 2024 | $7,795,997 | $8,416,318 | $50,732,600 | XML |
| 990 | September 2023 | $12,326,838 | $7,890,484 | $46,460,680 | XML |
| 990 | September 2022 | $11,401,541 | $5,645,203 | $39,799,179 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 26-4032355).
Questions about NYBDC LOCAL DEVELOPMENT CORPORATION
- What is the EIN of NYBDC LOCAL DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of NYBDC LOCAL DEVELOPMENT CORPORATION is 26-4032355.
- Is NYBDC LOCAL DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to NYBDC LOCAL DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NYBDC LOCAL DEVELOPMENT CORPORATION 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 NYBDC LOCAL DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NYBDC LOCAL DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of NYBDC LOCAL DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 names CHRIS LEVY.
- Who are the officers and directors of NYBDC LOCAL DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 lists 18 people; 14 received compensation from the organization.
- How much revenue does NYBDC LOCAL DEVELOPMENT CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $13,082,282, expenses of $8,743,530 and total assets of $53,012,890 at year end.
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