Overview
What is Niagara County Brownfield Development Corporation?
The Niagara County Brownfield Development Corporation is a nonprofit organization primarily focused on providing financial assistance for the remediation of brownfield sites throughout Niagara County, New York. Located at 6311 Inducon Corporate Drive 1, Sanborn, this organization offers low-interest loans and subgrants to eligible entities for the purpose of revitalizing contaminated or abandoned properties. The expenses incurred by the corporation include administrative, consulting, legal costs, and those related to subgrants entered into in 2013, 2018, 2019, and 2020. In the current year, they have spent funds for projects at 4435-4445 Military Road, 50 Elmwood, and 13 West Main Street. Their revenue comes from interest income from loans and changes in the allowance for uncollectible loans. In essence, the Niagara County Brownfield Development Corporation contributes to the economic development and environmental safety of the county by providing financial assistance for the remediation of brownfield sites.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Niagara County Brownfield Development Corporation has received a strong Four-Star rating from Charity Navigator, reflecting its high standards of accountability and financial management. This rating indicates a commitment to transparency and effective governance, with an impressive score of 94 in the Accountability & Finance category. Notably, the organization boasts a fully independent board, which is crucial for unbiased decision-making.
Strengths of the organization include its excellent program expense ratio of 95.34%, demonstrating that a significant portion of its resources is allocated directly to its programs rather than administrative costs. Additionally, all necessary policies, such as conflict of interest and whistleblower protections, are in place and documented, further underlining its dedication to ethical practices.
While the organization has excelled in several areas, the primary focus remains on sustaining its high performance in program delivery. Maintaining transparency and accountability will be essential for continuing to build trust with donors and the community as it works towards its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Niagara County Brownfield Development Corporation legitimate?
Niagara County Brownfield Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Niagara County Brownfield Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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What is the mission statement of Niagara County Brownfield Development Corporation?
The Niagara County Brownfield Development Corporation aims to provide financial assistance for the remediation of brownfield sites throughout the county. Specifically, they offer low-interest loans and subgrants to eligible entities for the remediation of these sites. The organization has incurred expenses from subgrants entered into in 2013, 2018, 2019, and 2020, as well as related administrative, consulting, and legal expenses. In the current year, significant amounts were expended for specific projects such as 4435-4445 Military Road, 50 Elmwood, and 13 West Main Street. The corporation's revenue comes from interest income from loans receivable and changes in the allowance for uncollectible loans.
Who is the CEO of Niagara County Brownfield Development Corporation?
Amy Fisk is the Chairperson of Niagara County Brownfield Development Corporation.
What is the revenue of Niagara County Brownfield Development Corporation?
Niagara County Brownfield Development Corporation's revenue in 2022 was $775,830.
Who are the executives of Niagara County Brownfield Development Corporation and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Niagara County Brownfield Development Corporation?
Niagara County Brownfield Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Niagara County Brownfield Development Corporation
The Niagara County Brownfield Development Corporation, a key entity in its field, is committed to providing financial assistance for the remediation of brownfield sites throughout the county. This organization offers low-interest loans and subgrants to eligible entities, aiming to facilitate the cleanup and redevelopment of these sites.
In a proactive approach, the Corporation provides these funds to spur economic growth and community revitalization. By investing in the remediation of brownfield sites, the Corporation helps to transform these once neglected areas into thriving, productive spaces. This, in turn, can lead to increased property values, job creation, and improved overall quality of life for the community.
Throughout its operations, the Niagara County Brownfield Development Corporation has made significant investments in various brownfield sites. Examples of these investments include $204,000 for 4435-4445 Military Road, $147,116 for 50 Elmwood, and $178,829 for 13 West Main Street. These expenditures are a testament to the Corporation's commitment to making a tangible difference in its community.
The Corporation's activities also extend to administrative, consulting, and legal expenses, as well as interest income from loans receivable and changes in the allowance for uncollectible loans. With a focus on transparency and accountability, the Niagara County Brownfield Development Corporation ensures that its operations are conducted with the utmost diligence and efficiency.
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Impact
June, 2024
The Niagara County Brownfield Development Corporation's impact lies in its provision of financial assistance for the remediation of brownfield sites throughout Niagara County. Through low-interest loans and subgrants, the corporation enables eligible entities to address environmental challenges and revitalize contaminated areas. This direct support contributes to the restoration of potentially hazardous sites, promoting environmental sustainability and economic development in the region.
This information is meant to be a general summary of Niagara County Brownfield Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4,431
- Gross Receipts: $775,830
Assets and Liabilities:
- Total Assets: $1,533,438
- Total Liabilities: $1,897
- Net Assets: $1,531,541
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Organization Details
Founding Year
2008
Phone
(716) 278-8750Principal Officer
Amy Fisk
Main Address
6311 INDUCON CORPORATE DRIVE 1, SANBORN, NY, 14132
NTEE Category
Code: C20 - Environment
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