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← BUFFALO NEIGHBORHOOD STABILIZATION COMPANY INC

Form 990 for tax year 2024

Filed by BUFFALO NEIGHBORHOOD STABILIZATION COMPANY INC.

Totals

Total revenue
$2,776,479
Total expenses
$1,040,969
Contributions and grants received
$1,735,718
Grants paid
$0
Program service revenue
$1,040,730
Investment income
$31
Other revenue
$0
Total assets, end of year
$5,802,721
Total liabilities, end of year
$804,354
Net assets or fund balances, end of year
$4,998,367
Program services expenses (Part IX)
$976,022
Management and general expenses
$64,947
Fundraising expenses
$0
Program service expenses (Part III)
$976,022

Program services were 93.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $1,421,845

  • 1e · Government grants (contributions)

    $199,820

  • 1f · All other contributions, gifts and grants

    $114,053

  • 2a · Program service revenue: DEVELOPMENT EXPENSE RE

    total $863,000 · related or exempt $863,000

  • 2b · Program service revenue: RENTAL INCOME

    total $121,409 · related or exempt $121,409

  • 2c · Program service revenue: MAINTENANCE FEES

    total $56,321 · related or exempt $56,321

  • 3 · Investment income

    total $31 · excluded $31

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $256,955 · program services $240,252 · management and general $16,703

  • 9 · Other employee benefits

    total $29,292 · program services $27,389 · management and general $1,903

  • 10 · Payroll taxes

    total $26,840 · program services $25,096 · management and general $1,744

  • 11b · Fees: legal

    total $5,931 · program services $5,931

  • 11c · Fees: accounting

    total $16,000 · management and general $16,000

  • 11g · Fees: other

    total $27,408 · management and general $27,408

  • 13 · Office expenses

    total $8,788 · program services $8,788

  • 16 · Occupancy

    total $83,315 · program services $83,315

  • 17 · Travel

    total $14,839 · program services $14,839

  • 19 · Conferences, conventions and meetings

    total $1,535 · program services $1,535

  • 22 · Depreciation, depletion and amortization

    total $134,304 · program services $134,304

  • 23 · Insurance

    total $31,540 · program services $31,540

  • 24a · Other expenses: CONSULTING

    total $283,296 · program services $283,296

  • 24b · Other expenses: PROPERTY STABILIZATION

    total $40,405 · program services $40,405

  • 24c · Other expenses: SECURITY

    total $26,538 · program services $26,538

  • 24d · Other expenses: SUPPLIES & MATERIALS

    total $19,889 · program services $19,889

  • 24e · All other expenses

    total $34,094 · program services $32,905 · management and general $1,189

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $427,724 · end of year $152,835

  • 3 · Pledges and grants receivable

    beginning of year $192,477 · end of year $192,477

  • 4 · Accounts receivable

    beginning of year $126,371 · end of year $116,417

  • 7 · Other notes and loans receivable

    beginning of year $245,154 · end of year $245,154

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,218 · end of year $10,815

  • 10a · Land, buildings and equipment: cost or other basis

    $3,695,009

  • 10b · Land, buildings and equipment: accumulated depreciation

    $765,930

  • 10c · Land, buildings and equipment, net

    beginning of year $477,552 · end of year $2,929,079

  • 13 · Investments: program-related

    beginning of year $652,460 · end of year $622,305

  • 15 · Other assets

    beginning of year $2,519,590 · end of year $1,533,639

  • 17 · Accounts payable and accrued expenses

    beginning of year $454,986 · end of year $72,850

  • 19 · Deferred revenue

    beginning of year $313,272 · end of year $137,380

  • 25 · Other liabilities

    beginning of year $622,431 · end of year $594,124

  • 27 · Net assets without donor restrictions

    beginning of year $3,262,857 · end of year $4,998,367

Mission and programs · 2024

Mission

THE BUFFALO NEIGHBORHOOD STABILIZATION CORPORATION (BNSC) IS PUSH'S NONPROFIT HOUSING DEVELOPMENT CORPORATION, SPECIALIZING IN MANAGING AFFORDABLE RENTAL UNITS, LAND BANKING, PROPERTY STABILIZATION, GREEN INFRASTRUCTURE, LANDSCAPE MANAGEMENT, AND COMMUNITY PLANNING. BNSC STRIVES TO DECREASE THE RATE OF HOUSING ABANDONMENT BY RECLAIMING EMPTY HOUSES FROM NEGLECTFUL OWNERS AND REDEVELOPING THEM FOR OCCUPANCY BY LOW-INCOME RESIDENTS.

  • COMMUNITY ENERGYASSISTS HOMEOWNERS WITH ENERGY EFFICIENCY/WEATHERIZATION, CLEAN HEATING AND COOLING, ROOFTOP AND COMMERCIAL SOLAR. TO HELP NEW YORKERS ACCESS AND NAVIGATE OPPORTUNITIES IN THE CLEAN ENERGY ECONOMY NYSERDA CREATED CLEAN ENERGY HUBS. PUSH IS THE WESTERN NEW YORK CLEAN ENERGY HUB SERVING FIVE COUNTIES. PUSH ALSO PARTICIPATES IN THE FOLLOWING PROGRAMS - BUFFALO EAST HOMEOWNER IMPROVEMENT PROGRAM (BEHIP) IS A GRANT PROGRAM THAT PROVIDES FINANCIAL ASSISTANCE FOR HOME REPAIRS TO LOW-INCOME HOMEOWNERS ON BUFFALO EAST SIDE, 16 PROJECTS WERE COMPLETED. WARM AND DRY IS A PROGRAM AIMED AT HELPING LOW-MODERATE-INCOME HOMEOWNERS ADDRESS HOME REPAIR NEEDS THAT ENSURE A WARM AND DRY LIVING ENVIRONMENT, 5 HOUSES WERE COMPLETED. 405 ENGAGEMENTS LEADING TO A REFERRAL.

    Expenses $291,510 · Revenue $56,321

  • COMMUNITY DEVELOPMENTBNSC CONDUCTS COMMUNITY DEVELOPMENT ACTIVITIES WHICH INCLUDE LAND BANKING, PROPERTY STABILIZATION, GREEN INFRASTRUCTURE, LANDSCAPE MANAGEMENT AND COMMUNITY PLANNING PURPOSES. FOR FUTURE DEVELOPMENT PROJECTS, BNSC ACQUIRES AND HOLDS PROPERTIES. BNSC ALSO ACQUIRES AND HOLDS VACANT LOTS FOR NEIGHBORHOOD STABILIZATION PURPOSES. MANY OF THESE VACANT LOTS SERVE AS DEMONSTRATION PROJECTS SUCH AS COMMUNITY GARDENS (BNSC MANAGES CLOSE TO 50 COMMUNITY PLOTS IN TWO GARDENS) AND RAIN GARDENS TO ADDRESS STORM WATER MANAGEMENT. BNSC'S LANDSCAPE MANAGEMENT DEPARTMENT INCLUDES A WORK YARD FOR EQUIPMENT, TOOLS AND SUPPLIES STORAGE, A GREENHOUSE AND A NURSERY GARDEN FOR USE IN STORMWATER MANAGEMENT AND VACANT LOT MANAGEMENT.

    Expenses $229,838

  • HOUSING DEVELOPMENTPUSH HAS DEVELOPED AN INNOVATIVE PROGRAM WITH DOCUMENTED EFFECTIVENESS TO ACQUIRE AND REHABILITATE RESIDENTIAL HOUSING AND VACANT LAND IN BUFFALO. THE PROGRAM HAS ACCOMPLISHED RENOVATIONS OF MULTIPLE UNITS. PUSH ALSO INTEGRATES "GREEN" DEVELOPMENT INTO EACH OF ITS DEVELOPMENT PROJECTS, INSTALLATION OF GREEN INFRASTRUCTURE SUCH AS ON-DEMAND WATER HEATERS, RADIANT FLOOR HEATING, SOLAR PANELS, AND GEOTHERMAL HEATING SYSTEMS. IN 2024 49 UNITS ACROSS 14 SITES WERE PUT INTO SERVICE.

    Expenses $454,674 · Revenue $984,409

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ramone Alexander

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jim Anderson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Shirley Sarmiento

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Dawn Wells-Clyburn

    VICE PRESIDENT

    Total calculated
    $87,988
    From this org
    $0
    From related orgs
    $87,988
    Other
    $0
    Hours/week
    1 + 40 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MASS AVE MANAGING MEMBER LLC

    RELATED · REAL ESTATE · NY · 49% owned · share of income -$25 · share of assets $424,705

    Directly controlled by BNSC HOLDING COMPANY LLC

  • S77 LLC

    RELATED · REAL ESTATE RENTAL · NY · 0.01% owned · share of income -$29 · share of assets $404,206 · general or managing partner

    Directly controlled by S77 MM LLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • BNSC HOLDING COMPANY LLC

    C · REAL ESTATE · NY · 100% owned · share of income -$25 · share of assets $424,705 · controlled entity

    Directly controlled by BUFFALO NEIGHBORHOOD STABILIZATION COMPANY

  • PUSH GRO INC

    C · GREENHOUSE · NY

    Directly controlled by PEOPLE UNITED FOR SUSTAINABLE HOUSING INC

  • S77 MM LLC

    C · REAL ESTATE RENTAL · NY · 100% owned · share of income -$29 · share of assets $404,206 · controlled entity

    Directly controlled by BUFFALO NEIGHBORHOOD STABILIZATION COMPANY

  • WS HOMES MM LLC

    C · REAL ESTATE RENTAL · NY · 100% owned · share of income -$200 · share of assets $54,116 · controlled entity

    Directly controlled by BUFFALO NEIGHBORHOOD STABILIZATION COMPANY

Provenance

Return type
form_990
Tax year
2024
Filed
14 August 2025
IRS schema version
2024v5.2
Source object
202542279349300719

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