NYBDC LOCAL DEVELOPMENT CORPORATION
50 BEAVER STREET, ALBANY, NY 12207

Total Revenue
$12,475,914
Total Expenses
$6,852,196
Net Assets
$8,290,693

Organizations Filed Purposes: TO ASSIST SMALL BUSINESSES IN THE ACQUISITION OF REAL PROPERTY, AND CONSTRUCTION, RENOVATION OR OTHER IMPROVEMENTS THEREON, AND THEREBY PROMOTE AND ENCOURAGE THE BUSINESS PROSPERITY AND ECONOMIC WELFARE OF THE STATE OF NEW YORK; TO ENCOURAGE AND ASSIST IN THE LOCATION OF NEW BUSINESS AND INDUSTRY IN THE STATE OF NEW YORK; AND TO PROVIDE FINANCING TO BOTH NEW AND EXISTING BUSINESSES AND INDUSTRY; AND TO CREATE AND RETAIN JOBS WITHIN THE STATE OF NEW YORK.

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 DEVLOPMENT 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 EXCELSIOR GROWTH FUND.

THE CORPORATION ASSISTS AS ADMINISTRATOR FOR FEDERAL GRANT AND LOAN AWARDS FOR SMALL BUSINESSES THAT WERE DAMAGED BY SUPERSTORM SANDY AND OTHER QUALIFYING EVENTS FROM 2011-2013. THE CORPORATION DOES NOT MAKE ANY ELIGIBILITY OR AWARD DETERMINATIONS, RATHER ASSESSES CERTAIN FINANCIAL INFORMATION AND RECEIVES AND DISTRIBUTES FEDERAL FUNDS TO THE END CLIENT FROM THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Bryan DoxfordSENIOR VICE PRESIDENT40$248,391
Steven R CohenPRESIDENT40$230,912
Brad SeaderVICE PRESIDENT40$125,640
Paola GarciaVICE PRESIDENT40$100,584
Carol O'ConnellASSISTANT VICE PRESIDENT40$85,168
Yahaira NunezASSISTANT VICE PRESIDENT40$63,861
Sherri FalckASSISTANT VICE PRESIDENT40$61,072
Aissatou BahASSISTANT VICE PRESIDENT40$45,487
Maureen BakerVICE PRESIDENT40$42,955
Mary OlushogaASSISTANT VICE PRESIDENT40$13,390
Nicole ScribnerVICE PRESIDENT40$12,115
Wesley SlykeASSISTANT VICE PRESIDENT40$8,923
Zachary LajeunesseASSISTANT VICE PRESIDENT1$0
Rachel Van ToshSENIOR VICE PRESIDENT AND COO40$0
Thomas K MchaleVICE PRESIDENT40$0
David HanoldVICE PRESIDENT AND CHIEF L1$0
Nancy A ReinhartVICE PRESIDENT1$0
Andrea DabneyVICE PRESIDENT1$0
Kevin O'LearyVICE PRESIDENT1$0
Leesa Naimo-FredetteVICE PRESIDENT1$0
Richard AmsterdamVICE PRESIDENT1$0
James J GoldrickVICE PRESIDENT1$0
Owen F BurnsTREASURER1$0
Kathleen A RussomSECRETARY1$0
Andrew M LinehanVICE PRESIDENT1$0
John WitkowskiDIRECTOR0$0
Christina OrsiDIRECTOR0$0
Jeffrey M LevyDIRECTOR0$0
Herbert G ChorbajianDIRECTOR0$0
James J ByrnesDIRECTOR0$0
Bruce W BoyeaDIRECTOR0$0
Daryl ForsytheDIRECTOR0$0
G Gary BernerCHAIRMAN1$0
Patrick J MackrellCEO1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202100159349301005_public.xml