Michigan Street African American Heritage Corridor Commission Inc
- Assets
- $2.4m
- Revenue
- $850.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Buffalo, NY
- Founding
- 06/2010
- Data as of
- 12/2023
- EIN
- 27-1273797
Organization Overview
Michigan Street African American Heritage Corridor Commission Inc, operating under the name Heritage Corridor Commission I, is located in Buffalo, NY. The organization was established in 2010. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Heritage Corridor Commission I employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage Corridor Commission I is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Heritage Corridor Commission I generated $850.4k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 27.5% each year . All expenses for the organization totaled $589.0k during the year ending 12/2023. While expenses have increased by 24.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IDENTIFY SHORT-TERM, MEDIUM-TERM, AND LONG-TERM ACTIONS THAT WILL WORK TO CREATE A UNIFIED TOURISM DESTINATION; STRENGTHEN THE CORRIDOR'S CULTURAL ASSETS AND THE SURROUNDING NEIGHBORHOOD; SUPPORT THE SUSTAINABILITY OF THE COMMISSION; AND FURTHER DEVELOP ASSETS TO FACILITATE INCREASED VISITORSHIP AND ADDITIONAL PRIVATE INVESTMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENT AND REVITALIZATION THROUGH THE DEVELOPMENT OF DETAILED IMPLEMENTATION AND SUSTAINABLE PLAN FOR THE HERITAGE CORRIDOR
MANAGES AND PROVIDES AN ADMINISTRATIVE SUPPORT SYSTEM TO THE HISTORIC PRESERVATION AREA ON BUFFALO'S EAST SIDE FOR THE HERITAGE CORRIDOR WHICH IS DIVIDED INTO FOUR CULTURAL ANCHORS, THE BUFFALO NIAGARA FREEDOM STATION COALITION'S MICHIGAN STREET BAPTIST CHURCH, THE COLORED MUSICIANS CLUB AND JAZZ MUSEUM INC.'S HISTORIC COLORED MUSICIANS CLUB & JAZZ MUSEUM, THE MICHIGAN STREET PRESERVATION CORP'S NASH HOUSE MUSEUM, AND THE WUFO BLACK RADIO HISTORY COLLECTIVE'S WUFO RADIO STATION & BLACK HISTORY COLLECTIVE. PUBLIC EDUCATION IS PROVIDED BY CULTURAL TOURISM AND DEVELOPMENT.
RESIDENCY THE ACQUISITION AND REHABILITATION OF 136-146 BROADWAY
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Member | 1 | $0 | |
Name Not Listed Board Member | 1 | $0 | |
Name Not Listed Board Member | 1 | $0 | |
Name Not Listed Board Member | 1 | $0 | |
Name Not Listed Board Member | 1 | $0 | |
Name Not Listed Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $148,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $622,426 |
| Noncash contributions included in lines 1a–1f | $7,653 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $770,426 |
| Total Program Service Revenue | $603 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $74,364 |
| Net Gain/Loss on Asset Sales | $3,363 |
| Net Income from Fundraising Events | $458 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $794 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $850,363 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $2,970 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $162,597 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,343 |
| Payroll taxes | $12,897 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,125 |
| Fees for services: Accounting | $51,344 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $93,143 |
| Advertising and promotion | $45,488 |
| Office expenses | $7,308 |
| Information technology | $7,633 |
| Royalties | $0 |
| Occupancy | $59,851 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,299 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,125 |
| Insurance | $6,881 |
| All other expenses | $9,073 |
| Total functional expenses | $588,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,421 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $310,000 |
| Accounts receivable, net | $8,148 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,718 |
| Prepaid expenses and deferred charges | $2,065 |
| Net Land, buildings, and equipment | $1,969,129 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,419,481 |
| Accounts payable and accrued expenses | $14,972 |
| Grants payable | $0 |
| Deferred revenue | $4,458 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,640 |
| Total liabilities | $25,070 |
| Net assets without donor restrictions | $2,115,761 |
| Net assets with donor restrictions | $278,650 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,419,481 |