CENTRAL TERMINAL RESTORATION CORP

BUILDING MOMENTUM TOGETHER

aka Buffalo Central Terminal | Buffalo, NY | buffalocentralterminal.org

GuideStar Charity Check

EIN: 16-1536196

Contributions tax deductible
as of September 2023

IRS BMF 509(a)(1)
as of September 18, 2023

View summary

Charity Check report

Mission

To develop the Buffalo Central Terminal – a majestic historic landmark – as a lasting cultural and economic hub for the community.

Notes from the nonprofit

To view our full Master Plan (2021) please visit: https://buffalocentralterminal.org/our-master-plan/

Ruling year info

1998

Executive Director

Monica Pellegrino Faix

Main address

PO Box 51 495 Paderewski Drive

Buffalo, NY 14212 USA

Show more contact info

EIN

16-1536196

Subject area info

Public arts

Architecture

History

Historic preservation

Community and economic development

Show more subject areas

Population served info

Children and youth

Adults

Multiracial people

Immigrants and migrants

Economically disadvantaged people

NTEE code info

Arts, Cultural Organizations - Multipurpose (A20)

Museum & Museum Activities (A50)

Historical Societies and Related Activities (A80)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Programs and results

Reports and documents

What we aim to solve

This profile needs more info.

If it is your nonprofit, add a problem overview.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Community-driven Revitalization of the Buffalo Central Terminal

In 2020 we undertook a year-long, community engagement process to develop the Master Plan, the most in-depth framework for the future of the Buffalo Central Temrinal ever created. The Master Plan is the first step of many on a path to realizing the audacious inspirations for a fully reimagined Buffalo Central Terminal—a vibrant hub reborn in the heart of an already vital community.

In the fall of 2021 a Request for Expression of Interest (RFEI) was release to solicit development partner(s) for the reuse of the Buffalo Central Terminal. In early 2023 the CTRC will release a Request for Proposals (RFP) to make a final selection of private development partner(s).

In the summer of 2022, the Buffalo Central Terminal received $61M in public and philanthropic funding to kick start implementation of the Master Plan. This funding will be used to stabilize the building and begin activation of the Great Lawn.

Population(s) Served

Economically disadvantaged people

Ethnic and racial groups

Where we work

Affiliations & memberships

National Trust for Historic Preservation 2021

External reviews

Photos

Videos

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of convenings hosted by the organization

Totals By Year

Population(s) Served

Related Program

Community-driven Revitalization of the Buffalo Central Terminal

Type of Metric

Context - describing the issue we work on

Direction of Success

Holding steady

Context Notes

Meetings of the Community Advisory Council and public workshops/meetings held relating to the reuse and rehabilitation of the Buffalo Central Terminal.

Number of community initiatives in which the organization participates

Totals By Year

Population(s) Served

Related Program

Community-driven Revitalization of the Buffalo Central Terminal

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Community Events and Civic Experiences held at the Buffalo Central Terminal.

Number of new donors

Totals By Year

Population(s) Served

Related Program

Community-driven Revitalization of the Buffalo Central Terminal

Type of Metric

Input - describing resources we use

Direction of Success

Increasing

Context Notes

Number of first-time donors and recaptured donors combined. New donor software was obtained in 2020 - making data from 2019 and prior unavailable.

Number of first-time donors

Totals By Year

Population(s) Served

Related Program

Community-driven Revitalization of the Buffalo Central Terminal

Type of Metric

Input - describing resources we use

Direction of Success

Increasing

Context Notes

New donor software was obtained in 2020 - making data from 2019 and prior unavailable.

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Reports and documents

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

What is the organization aiming to accomplish?

Our priorities:

- Stabilize, adapt, and sustainably reuse the Terminal and grounds
- Re-establish the Terminal as a hub of activity – a beacon and a destination that attracts people and investment
- Celebrate and foster community voice and connections that shape broader revitalization efforts
- Contribute to the strong future of the city and region

What are the organization's key strategies for making this happen?

Our holistic strategy for reuse:

- Create an ENGAGING CIVIC COMMONS as a year-round venue of events and activities centered around the Passenger Concourse – and a public plaza and adjacent grounds.
- Create WELCOMING OPEN SPACES with activated grounds and year-round use, recreational activities and events, to drive interest and support future building uses.
- Leverage a DYNAMIC MIX OF USES - Cultural Center, Nonprofit Anchor, Innovation Hub, Housing, Film Industry - so that early phases will support a range of complementary creative, entrepreneurial and civic enterprises.
- Support COMMUNITY QUALITY OF LIFE by tying our future to Broadway Fillmore and being an important part of racial and social equity through the Terminal’s reuse.
- Utilize SUSTAINABLE SYSTEMS AND PRACTICES while respecting the historic identity of the building and grounds.

What are the organization's capabilities for doing this?

The Buffalo Central Terminal is a living landmark, ready to become a new kind of connective force. The Central Terminal Restoration Corporation emerges as the organizational engine, changing the doubt of “this will never happen” to the firm belief that “this is already happening.”

In 2019 the CTRC received significant investment from the State of New York through Empire State Development and its East Side Avenues program that aims to reinvigorate key corridors throughout East Buffalo. This funding not only ignited momentum behind the revitalization of the Buffalo Central Terminal, but it also invested in organizational capacity building necessary to see these efforts through.

What have they accomplished so far and what's next?

Our progress:

- Received capital and capacity support (both public and philanthropic dollars) through the East Side Avenues initiative (2019).
- Hired an Executive Director (2019).
- Began a $5M+ capital repair project in the Main Terminal Building.
- Completed the year-long process to develop the community-driven Master Plan (2020 - 2021).
- Launched outdoor community events and activities after a long pause during the covid-19 pandemic (2021).
- Hired the Associate Director (2021).
- Issued a Request for Expression of Interest (RFEI) to solicit development partner(s) (2022).
- Received $61M in capital and capacity support (both public and philanthropic dollars) through the Regional Revitalization Partnership.
- Launched Seat at the Table, a new community gathering space on the Terminal Great Lawn leveraging a Community Placemaking Grant from Project for Public Spaces (2022).
- Received $1M through the Broadway-Fillmore Downtown Revitalization Initiative to activate the Great Lawn (2022).
- Issued Request for Proposals for next phase of capital improvements (2022)

Our next steps:

- Select Developer(s) through a two stage process, starting with a Request for Expression of Interest (RFEI) that was issued in August, 2022 and then a Request for Proposal (RFP) that will be issued to selected teams.
- Activate the Great Lawn with events and activities.
- Utilize funding to stabilize the Central Terminal and start the Civic Commons, by reopening the Concourse and making the outside spaces safe and useable.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

We shared information about our current feedback practices.

How is your organization using feedback from the people you serve?

To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals
Which of the following feedback practices does your organization routinely carry out?

We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We share the feedback we received with the people we serve, We tell the people who gave us feedback how we acted on their feedback
What challenges does the organization face when collecting feedback?

It is difficult to get the people we serve to respond to requests for feedback, The people we serve tell us they find data collection burdensome

Financials

CENTRAL TERMINAL RESTORATION CORP

Fiscal year: Jan 01 - Dec 31

Financial documents

Yes, financials were audited by an independent accountant.

Revenue vs. expenses: breakdown

SOURCE: IRS Form 990

NET GAIN/LOSS: in

Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2021

SOURCE: IRS Form 990

0.21

Average of 6.57 over 10 years

Months of cash in 2021

SOURCE: IRS Form 990

6.4

Average of 19.7 over 10 years

Fringe rate in 2021

SOURCE: IRS Form 990

14%

Average of 3% over 10 years

Funding sources

Source: IRS Form 990

Assets & liabilities

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Digitizing IRS form 990 data

CENTRAL TERMINAL RESTORATION CORP

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: Download Data

Revenue
Contributions	$47,319
Government Grants	$0
Program Services	$3,570
Investments	$0
Special Events	$0
Sales	$0
Other	$589
Total Revenue	$51,478

Expenses
Program Services	$39,264
Administration	$3,975
Fundraising	$0
Total Expenses	$43,239
Net Gain/Loss	$8,239

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$0
Information Technology Expenses	$0
Insurance Expenses	$0
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$29,990
Government Grants	$1,000
Program Services	$142,720
Investments	$0
Special Events	$5,187
Sales	$0
Other	$0
Total Revenue	$178,897

Expenses
Program Services	$78,446
Administration	$18,744
Fundraising	$0
Total Expenses	$97,190
Net Gain/Loss	$81,707

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$356
Information Technology Expenses	$0
Insurance Expenses	$6,662
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$84,951
Government Grants	$0
Program Services	$0
Investments	$164
Special Events	$78,759
Sales	$0
Other	$13,135
Total Revenue	$177,009

Expenses
Program Services	$105,804
Administration	$43,846
Fundraising	$0
Total Expenses	$149,650
Net Gain/Loss	$27,359

Functional expenses
Accounting Fees	$1,250
Advertising & Promotion	$7,992
Information Technology Expenses	$0
Insurance Expenses	$7,922
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$122,118
Government Grants	$0
Program Services	$0
Investments	$182
Special Events	$95,994
Sales	$0
Other	$12,790
Total Revenue	$231,084

Expenses
Program Services	$49,780
Administration	$77,019
Fundraising	$0
Total Expenses	$126,799
Net Gain/Loss	$104,285

Functional expenses
Accounting Fees	$1,250
Advertising & Promotion	$7,601
Information Technology Expenses	$0
Insurance Expenses	$8,100
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$136,613
Government Grants	$24,000
Program Services	$0
Investments	$114
Special Events	$46,128
Sales	$0
Other	$13,363
Total Revenue	$220,218

Expenses
Program Services	$107,499
Administration	$15,432
Fundraising	$0
Total Expenses	$122,931
Net Gain/Loss	$97,287

Functional expenses
Accounting Fees	$1,300
Advertising & Promotion	$269
Information Technology Expenses	$1,162
Insurance Expenses	$6,536
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$820
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$74,981
Government Grants	$0
Program Services	$0
Investments	$97
Special Events	$0
Sales	$0
Other	$5,676
Total Revenue	$80,754

Expenses
Program Services	$66,269
Administration	$15,630
Fundraising	$0
Total Expenses	$81,899
Net Gain/Loss	($1,145)

Functional expenses
Accounting Fees	$4,000
Advertising & Promotion	$0
Information Technology Expenses	$1,452
Insurance Expenses	$3,672
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$29,740
Government Grants	$5,500
Program Services	$3,769
Investments	$97
Special Events	$9,754
Sales	$0
Other	$1,808
Total Revenue	$50,668

Expenses
Program Services	$37,379
Administration	$4,722
Fundraising	$0
Total Expenses	$42,101
Net Gain/Loss	$8,567

Functional expenses
Accounting Fees	$1,750
Advertising & Promotion	$0
Information Technology Expenses	$543
Insurance Expenses	$3,537
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$24,121
Government Grants	$15,000
Program Services	$13,483
Investments	$2,572
Special Events	$23,302
Sales	$0
Other	$14
Total Revenue	$78,492

Expenses
Program Services	$36,567
Administration	$60,230
Fundraising	$9,000
Total Expenses	$105,797
Net Gain/Loss	($27,305)

Functional expenses
Accounting Fees	$1,700
Advertising & Promotion	$0
Information Technology Expenses	$0
Insurance Expenses	$2,652
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$57,963
Pension Plan Contributions	$0
Professional Fundraising Expenses	$9,000

Revenue
Contributions	$91,754
Government Grants	$100,000
Program Services	$41,924
Investments	$71
Special Events	$44,833
Sales	$0
Other	$0
Total Revenue	$278,582

Expenses
Program Services	$142,638
Administration	$56,144
Fundraising	$4,000
Total Expenses	$202,782
Net Gain/Loss	$75,800

Functional expenses
Accounting Fees	$1,750
Advertising & Promotion	$0
Information Technology Expenses	$337
Insurance Expenses	$2,657
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$52,098
Pension Plan Contributions	$0
Professional Fundraising Expenses	$4,000

Revenue
Contributions	$52,256
Government Grants	$0
Program Services	$92,517
Investments	$72
Special Events	$38,310
Sales	$0
Other	$0
Total Revenue	$183,155

Expenses
Program Services	$37,102
Administration	$3,548
Fundraising	$0
Total Expenses	$40,650
Net Gain/Loss	$142,505

Functional expenses
Accounting Fees	$1,750
Advertising & Promotion	$0
Information Technology Expenses	$518
Insurance Expenses	$1,405
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$62,893
Government Grants	$323,284
Program Services	$52,661
Investments	$100
Special Events	$0
Sales	$0
Other	$16,333
Total Revenue	$455,271

Expenses
Program Services	$59,599
Administration	$23,499
Fundraising	$0
Total Expenses	$83,098
Net Gain/Loss	$372,173

Functional expenses
Accounting Fees	$1,700
Advertising & Promotion	$0
Information Technology Expenses	$548
Insurance Expenses	$2,557
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$166,711
Government Grants	$1,454,028
Program Services	$11,275
Investments	$129
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$1,632,143

Expenses
Program Services	$161,362
Administration	$44,319
Fundraising	$0
Total Expenses	$205,681
Net Gain/Loss	$1,426,462

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$0
Information Technology Expenses	$0
Insurance Expenses	$6,219
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$8,270
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$555,174
Government Grants	$3,302,661
Program Services	$0
Investments	$0
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$3,857,835

Expenses
Program Services	$209,246
Administration	$63,797
Fundraising	$0
Total Expenses	$273,043
Net Gain/Loss	$3,584,792

Functional expenses
Accounting Fees	$15,490
Advertising & Promotion	$0
Information Technology Expenses	$0
Insurance Expenses	$6,871
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

CENTRAL TERMINAL RESTORATION CORP

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: Download Data

Assets	Jan 01, 2008	Dec 31, 2008	Change
Contributions	$47,319
Cash & Equivalents	$27,325	$2,094	($25,231)
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$1,012,234	$1,039,382	$27,148
Other	$0	$1,400	$1,400
Total Assets	$1,039,559	$1,042,876	$3,317

Liabilities	Jan 01, 2008	Dec 31, 2008	Change
Accounts Payable	$5,509	$587	($4,922)
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$5,509	$587	($4,922)

Fund balance	Jan 01, 2008	Dec 31, 2008	Change
Temporarily Restricted Net Assets	$0	$0	$0
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$1,034,050	$1,042,289	$8,239
Net Assets	$0	$0	$0

Assets	Jan 01, 2010	Dec 31, 2010	Change
Contributions	$29,990
Cash & Equivalents	$32,632	$105,700	$73,068
Accounts Receivable	$2,138	$50,080	$47,942
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$1,051,307	$1,066,916	$15,609
Other	$0	$0	$0
Total Assets	$1,086,077	$1,222,696	$136,619

Liabilities	Jan 01, 2010	Dec 31, 2010	Change
Accounts Payable	$3,485	$1,873	($1,612)
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$3,485	$1,873	($1,612)

Fund balance	Jan 01, 2010	Dec 31, 2010	Change
Temporarily Restricted Net Assets	$0	$0	$0
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$1,082,592	$1,220,823	$138,231
Net Assets	$1,082,592	$1,220,823	$138,231

Assets	Jan 01, 2011	Dec 31, 2011	Change
Contributions	$84,951
Cash & Equivalents	$105,700	$144,607	$38,907
Accounts Receivable	$50,080	$322,384	$272,304
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$1,066,916	$1,089,500	$22,584
Other	$0	$0	$0
Total Assets	$1,222,696	$1,556,491	$333,795

Liabilities	Jan 01, 2011	Dec 31, 2011	Change
Accounts Payable	$1,873	$2,192	$319
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$306,117	$306,117
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$1,873	$308,309	$306,436

Fund balance	Jan 01, 2011	Dec 31, 2011	Change
Temporarily Restricted Net Assets	$0	$0	$0
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$1,220,823	$1,248,182	$27,359
Net Assets	$1,220,823	$1,248,182	$27,359

Assets	Jan 01, 2012	Dec 31, 2012	Change
Contributions	$122,118
Cash & Equivalents	$144,607	$226,141	$81,534
Accounts Receivable	$322,384	$341,551	$19,167
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$1,089,500	$1,114,262	$24,762
Other	$0	$0	$0
Total Assets	$1,556,491	$1,681,954	$125,463

Liabilities	Jan 01, 2012	Dec 31, 2012	Change
Accounts Payable	$2,192	$23,370	$21,178
Grants Payable	$0	$0	$0
Deferred Revenue	$306,117	$306,117	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$308,309	$329,487	$21,178

CENTRAL TERMINAL RESTORATION CORP

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of CENTRAL TERMINAL RESTORATION CORP’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Fiscal year: Jan 01 - Dec 31 View full report Download data

Business model indicators

Profitability	2017	2018	2019	2020	2021
Unrestricted surplus (deficit) before depreciation	$76,496	$142,567	$372,174	$1,426,462	$3,584,792
As % of expenses	37.9%	351.3%	447.9%	693.5%	1312.9%
Unrestricted surplus (deficit) after depreciation	$75,800	$142,505	$372,174	$1,426,462	$3,584,792
As % of expenses	37.4%	350.6%	447.9%	693.5%	1312.9%

Revenue composition
Total revenue (unrestricted & restricted)	$278,582	$183,155	$455,271	$1,632,143	$3,857,835
Total revenue, % change over prior year	254.9%	-34.3%	148.6%	258.5%	136.4%
Program services revenue	15.0%	50.5%	11.6%	0.7%	0.0%
Membership dues	0.0%	0.0%	0.0%	0.0%	0.0%
Investment income	0.0%	0.0%	0.0%	0.0%	0.0%
Government grants	35.9%	0.0%	71.0%	89.1%	85.6%
All other grants and contributions	49.0%	49.4%	13.8%	10.2%	14.4%
Other revenue	0.0%	0.0%	3.6%	0.0%	0.0%

Expense composition
Total expenses before depreciation	$202,086	$40,588	$83,098	$205,681	$273,043
Total expenses, % change over prior year	92.3%	-79.9%	104.7%	147.5%	32.8%
Personnel	0.0%	0.0%	45.3%	65.7%	52.7%
Professional fees	85.8%	19.6%	4.2%	4.0%	5.7%
Occupancy	8.3%	53.2%	0.0%	4.0%	12.4%
Interest	0.0%	0.0%	0.0%	0.0%	0.0%
Pass-through	0.0%	0.0%	0.0%	0.0%	0.0%
All other expenses	5.9%	27.2%	50.6%	26.2%	29.2%

Full cost components (estimated)	2017	2018	2019	2020	2021
Total expenses (after depreciation)	$202,782	$40,650	$83,098	$205,681	$273,043
One month of savings	$16,841	$3,382	$6,925	$17,140	$22,754
Debt principal payment	$0	$0	$0	$0	$0
Fixed asset additions	$134,740	$231,572	$216,165	$11,550,966	$2,627,286
Total full costs (estimated)	$354,363	$275,604	$306,188	$11,773,787	$2,923,083

Capital structure indicators

Liquidity	2017	2018	2019	2020	2021
Months of cash	8.5	26.2	29.9	9.9	6.4
Months of cash and investments	8.5	26.2	29.9	9.9	6.4
Months of estimated liquid unrestricted net assets	0.3	-24.8	10.4	-586.5	-399.7

Balance sheet composition	2017	2018	2019	2020	2021
Cash	$142,568	$88,635	$206,802	$170,517	$144,696
Investments	$0	$0	$0	$0	$0
Receivables	$0	$2,600	$152,895	$1,163,692	$2,310,891
Gross land, buildings, equipment (LBE)	$1,504,187	$1,735,759	$1,951,924	$13,502,890	$16,130,176
Accumulated depreciation (as a % of LBE)	1.7%	1.5%	1.3%	0.2%	0.2%
Liabilities (as a % of assets)	8.5%	9.8%	12.7%	76.9%	62.2%
Unrestricted net assets	$1,483,626	$1,626,131	$1,998,305	$3,424,766	$7,009,558
Temporarily restricted net assets	$0	$0	N/A	N/A	N/A
Permanently restricted net assets	$0	$0	N/A	N/A	N/A
Total restricted net assets	$0	$0	$0	$0	$0
Total net assets	$1,483,626	$1,626,131	$1,998,305	$3,424,766	$7,009,558

Key data checks

Key data checks	2017	2018	2019	2020	2021
Material data errors	No	No	No	No	No

Operations

The people, governance practices, and partners that make the organization tick.

Documents

Letter of Determination

Form 1023/1024 is not available for this organization

Executive Director

Monica Pellegrino Faix

Number of employees

Source: IRS Form 990

CENTRAL TERMINAL RESTORATION CORP

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

CENTRAL TERMINAL RESTORATION CORP

Board of directors
as of 08/23/2023

SOURCE: Self-reported by organization

Board of directors data

Download the most recent year of board of directors data for this organization

Board co-chair

STEPHANIE CLARK

ELEV8 ARCHITECTURE

Term: 2024 - 2021

Board co-chair

JAMES MORRELL

NFTA

Term: 2021 - 2024

THOMAS KUCHARSKI

INVEST BUFFALO NIAGARA

JOHN JILOTY

THE MARTIN GROUP

THOMAS BEAUFORD JR.

THE URBAN LEAGUE

ANGELA KLEIN

CATHOLIC MEDICAL PARTNERS

GUSTAVO A. LIMA

GUSTAVO A. LIMA ARCHITECTURE

MICHAEL NISENGARD

LIPPES MATHIUS LLP

ANNIE O'NEIL-WHITE

M&T BANK

CARL SKOMPINSKI

FILLMORE FORWARD

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 8/23/2023

Candid has made improvements to the race and ethnicity options.

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity

White/Caucasian/European

Gender identity

Female, Not transgender (cisgender)

Disability status

Person without a disability

Race & ethnicity

Gender identity

Sexual orientation

Disability

No data

Equity strategies

Last updated: 12/13/2022

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data

We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.

Policies and processes

We use a vetting process to identify vendors and partners that share our commitment to race equity.
We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
We have community representation at the board level, either on the board itself or through a community advisory board.
We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.

Contractors

Fiscal year ending

There are no fundraisers recorded for this organization.

CENTRAL TERMINAL RESTORATION CORP

BUILDING MOMENTUM TOGETHER

Mission

Is this your nonprofit?

Programs and results

Reports and documents

What we aim to solve

This profile needs more info.

Our programs

Community-driven Revitalization of the Buffalo Central Terminal

Where we work

Affiliations & memberships

Our results

Evaluation documents

Number of convenings hosted by the organization

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Number of community initiatives in which the organization participates

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Number of new donors

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Number of first-time donors

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Our Sustainable Development Goals

Goals & Strategy

Reports and documents

Charting impact

What is the organization aiming to accomplish?

What are the organization's key strategies for making this happen?

What are the organization's capabilities for doing this?

What have they accomplished so far and what's next?

How we listen

Financials

Financial documents

Revenue vs. expenses: breakdown

Liquidity in 2021 info

0.21

Months of cash in 2021 info

6.4

Fringe rate in 2021 info

14%

Funding sources info

Assets & liabilities info

Financial data

Digitizing IRS form 990 data

CENTRAL TERMINAL RESTORATION CORP

CENTRAL TERMINAL RESTORATION CORP

CENTRAL TERMINAL RESTORATION CORP

Business model indicators

Capital structure indicators

Key data checks

Operations

Documents

Executive Director

Monica Pellegrino Faix

Number of employees

CENTRAL TERMINAL RESTORATION CORP

Compensation data

CENTRAL TERMINAL RESTORATION CORP

Board of directors data

STEPHANIE CLARK

Liquidity in 2021

Months of cash in 2021

Fringe rate in 2021

Funding sources

Assets & liabilities