New York · Nonprofit
NYBDC LOCAL DEVELOPMENT CORPORATION
NYBDC LOCAL DEVELOPMENT CORPORATION (New York) receives grants from 11 organizations whose IRS filings report $7,816,685 to it, the largest being WORLD TRADE CENTER SMALL BUSINESS RECOVERY FUND INC ($2,669,928). 7 of them have funded it in more than one year.
- Revenue FY2025
- $13M
- Funders on record
- 11
- Grants received
- $7.8M
- Net assets
- $25M
What Nybdc Local Development Corporation does
Mission
To assist small business 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.
As stated on its FY2025 Form 990.
Program
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.
$7,003,680 spent$5,893,993 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $7,003,680.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2017 to 2018, from $27M to $55M (+103%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
55% of NYBDC LOCAL DEVELOPMENT CORPORATION’s revenue is contributions — about as donation-reliant as the typical peer (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Chris Levy
CEO
As listed on its FY2025 Form 990.
The chief executive listed changed between the FY2022 and FY2023 filings.
Who funds it, year by year
2017 → 2023: the base broadened from 1 funder to 2 funders, grant income fell $400k → $94k.
2 of 11 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 16% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of NYBDC LOCAL DEVELOPMENT CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
NYBDC LOCAL DEVELOPMENT CORPORATION leans on a few funders — its largest provides 34% of grant income and the top three 75%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
57% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund NYBDC LOCAL DEVELOPMENT CORPORATION.
Largest funder’s share by year: 2017 100% · 2018 74% · 2019 82% · 2020 62% · 2021 92% · 2022 69% · 2023 80% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
0% of NYBDC LOCAL DEVELOPMENT CORPORATION's funders are still giving 3 years after their first grant; 64% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
82% of NYBDC LOCAL DEVELOPMENT CORPORATION's grant income comes from New York funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $1.2M arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
NYBDC LOCAL DEVELOPMENT CORPORATION runs a healthier operating margin than three-quarters of the 328 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 328 community improvement nonprofits $10M–$100M, FY2025
Government funding NYBDC LOCAL DEVELOPMENT CORPORATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $17.4M on record — $16.9M federal, $536k state.
- Small Business Administration$10.3M
- Department of the Treasury$6.5M
- GRANTS$536k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like NYBDC LOCAL DEVELOPMENT CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New York
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
80% of spending goes to programs.
Governance
Public support
100%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 2 related entities
- New York Business Development Corporation · corp_trust
- Empire State Certified Development Corp · corp_trust
Screen this organization
A dated, signed PDF of the compliance screen for NYBDC LOCAL DEVELOPMENT CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds NYBDC LOCAL DEVELOPMENT CORPORATION?
- NYBDC LOCAL DEVELOPMENT CORPORATION (New York) receives grants from 11 organizations whose IRS filings report $7,816,685 to it, the largest being WORLD TRADE CENTER SMALL BUSINESS RECOVERY FUND INC ($2,669,928). 7 of them have funded it in more than one year.
- How many funders does NYBDC LOCAL DEVELOPMENT CORPORATION have?
- IRS filings report 11 organizations giving $7,816,685 in grants to NYBDC LOCAL DEVELOPMENT CORPORATION, 7 of which have funded it in more than one year.
- Who is the largest funder of NYBDC LOCAL DEVELOPMENT CORPORATION?
- WORLD TRADE CENTER SMALL BUSINESS RECOVERY FUND INC is the largest funder on record, with $2,669,928 in grants. The full list of funders is on this page.
- How can an organization like NYBDC LOCAL DEVELOPMENT CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 11 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing