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← BUFFALO MERCY HOUSING DEVELOPMENT FUND COMPANY INC

Form 990 for tax year 2024

Filed by BUFFALO MERCY HOUSING DEVELOPMENT FUND COMPANY INC.

Totals

Total revenue
$351,345
Total expenses
$337,570
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$341,044
Investment income
$1,043
Other revenue
$9,258
Total assets, end of year
$1,917,021
Total liabilities, end of year
$2,422,418
Net assets or fund balances, end of year
-$505,397
Program services expenses (Part IX)
$327,234
Management and general expenses
$10,336
Fundraising expenses
$0
Program service expenses (Part III)
$327,234

Program services were 96.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MICHAEL D RIEGEL

    BOARD MEMBER/PRESIDENT

    Total calculated
    $219,456
    From this org
    $0
    From related orgs
    $191,662
    Other
    $27,794
    Hours/week
    0.5 + 34.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $191,662 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,674 related
    Nontaxable benefits
    $0 + $18,120 related
    Filer's total
    $0 + $219,456 related

  • PAMELA BERGER

    BOARD MEMBER/BOARD VP/TREA

    Total calculated
    $157,732
    From this org
    $0
    From related orgs
    $143,765
    Other
    $13,967
    Hours/week
    0.5 + 34.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $143,765 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,271 related
    Nontaxable benefits
    $0 + $6,696 related
    Filer's total
    $0 + $157,732 related

  • BRAD PACKARD

    BOARD MEMBER/CURRENT PRESIDENT

    Total calculated
    $169,755
    From this org
    $0
    From related orgs
    $161,644
    Other
    $8,111
    Hours/week
    0.5 + 34.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $161,644 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,111 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $169,755 related

  • JOYELLE TEDESCHI

    BOARD MEMBER

    Total calculated
    $147,827
    From this org
    $0
    From related orgs
    $127,572
    Other
    $20,255
    Hours/week
    0.5 + 34.5 related

  • AARON HEJMOWSKI

    CFO

    Total calculated
    $159,781
    From this org
    $0
    From related orgs
    $152,069
    Other
    $7,712
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $152,069 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,712 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $159,781 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
ALL EMPLOYEES ARE PAID BY BELMONT HOUSING RESOURCES FOR WNY, INC., A RELATED ENTITY. BELMONT'S COMPENSATION PROGRAM IS DEVELOPED BY SENIOR MANAGEMENT, THE HUMAN RESOURCES MANAGER, AND AN EMPLOYEE BENEFITS AND COMPENSATION CONSULTING FIRM, AND REVIEWED BY THE HR AND COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. THIS COMPENSATION PROGRAM APPLIES TO ALL STAFF, INCLUDING OFFICERS. IN ADDITION, ALL COMPENSATION OF OFFICERS IS APPROVED BY THE BOARD OF DIRECTORS. THE COMPENSATION PROGRAM INCLUDED MARKET PRICING AND JOB SLOTTING WITHIN ESTABLISHED SALARY GRADES AND RANGES BASED ON INFORMATION PROVIDED BY THE INDEPENDENT CONSULTING FIRM.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202533219349303368

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