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Nonprofiteer
← WORKFORCE DEVELOPMENT CORP

Form 990 for tax year 2023

Filed by WORKFORCE DEVELOPMENT CORP.

Totals

Total revenue
$9,870,332
Total expenses
$10,462,821
Contributions and grants received
$9,759,276
Grants paid
$6,147,554
Program service revenue
$0
Investment income
$106,232
Other revenue
$4,824
Total assets, end of year
$8,421,801
Total liabilities, end of year
$4,920,716
Net assets or fund balances, end of year
$3,501,085
Program services expenses (Part IX)
$10,454,401
Management and general expenses
$8,420
Fundraising expenses
$0
Program service expenses (Part III)
$10,454,401

Program services were 99.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $9,633,704

  • 1f · All other contributions, gifts and grants

    $125,572

  • 3 · Investment income

    total $106,232 · related or exempt $106,232

  • 11a · Other revenue: Other Income

    total $4,824 · related or exempt $4,824

  • 11e · Other revenue, total

    $4,824

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,147,554 · program services $6,147,554

  • 7 · Other salaries and wages

    total $3,240,215 · program services $3,240,215

  • 10 · Payroll taxes

    total $854,446 · program services $854,446

  • 11c · Fees: accounting

    total $13,165 · program services $13,165

  • 11g · Fees: other

    total $67,112 · program services $67,112

  • 12 · Advertising and promotion

    total $3,671 · program services $3,671

  • 14 · Information technology

    total $9,499 · program services $2,658 · management and general $6,841

  • 19 · Conferences, conventions and meetings

    total $2,880 · program services $2,880

  • 23 · Insurance

    total $11,224 · program services $11,224

  • 24a · Other expenses: Office supplies

    total $36,075 · program services $36,075

  • 24b · Other expenses: Subscription and dues

    total $32,037 · program services $32,037

  • 24c · Other expenses: Payroll processing

    total $31,505 · program services $31,505

  • 24d · Other expenses: Copying and printing service

    total $10,152 · program services $10,152

  • 24e · All other expenses

    total $3,286 · program services $1,707 · management and general $1,579

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,793,247 · end of year $2,770,716

  • 3 · Pledges and grants receivable

    beginning of year $2,971,342 · end of year $5,649,329

  • 4 · Accounts receivable

    beginning of year $108 · end of year $20

  • 9 · Prepaid expenses and deferred charges

    beginning of year $158,722 · end of year $1,736

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,384,190 · end of year $2,548,822

  • 19 · Deferred revenue

    beginning of year $5,445,655 · end of year $2,371,894

  • 27 · Net assets without donor restrictions

    beginning of year $214,160 · end of year $316,796

  • 28 · Net assets with donor restrictions

    beginning of year $3,879,414 · end of year $3,184,289

Mission and programs · 2023

Mission

Promote workforce development and job creation through activities specifically designed to create skilled workforce in the City of New York.

  • Workforce Training Programs:Workforce training programs include Employer-based training, Food and Beverage Industry partnership, Sector based training, Jamaica Now Action Plan, Media and Entertainment training, Manufacturing Industry Partnership, and Tech Industry partnerships - Through major funding source from EDC, the Organization helped connect New Yorkers to sector-based occupational skills training and internship opportunities, and then to full-time jobs. In addition, the organization helped businesses increase their competitiveness by providing skills training for their workers, which also yielded higher wages and transferrable skills for the workers.

    Expenses $6,135,720

  • Business Services:WDC collaborated with an organization to conduct a comprehensive national landscape study and analysis. This study aimed to provide insights to guide New York Citys strategy in fostering equitable development within the emerging legal cannabis industry. The findings from this study will subsequently inform the design and implementation of training programs tailored to this field.

    Expenses $2,644,092

  • PINCC:Pathways to Industrial and Construction Careers (PINCC) is a new program, funded by the U.S Economic Development Agency under the Good Jobs Challenge Initiative. In the wake of the COVID-19 pandemic, the Good Jobs Challenge was created to meet the needs of both American workers and industry by breaking down silos in workforce training systems. By bringing workforce stakeholders together in every step of the process, the Good Jobs Challenge is placing people into quality jobs and spurring equitable economic growth.

    Expenses $773,987

  • Healthcare Industry Partnership Program:Through NYACH programming, the Organization helped connect low income and unemployed New Yorkers to health care occupational skills training and internship opportunities, and then to full time jobs. In addition, the organization helped develop healthcare training curriculum better aligned to the needs of the employer.

    Expenses $464,600

  • Business Financial Assistance Program:Through major funding source from EDC and in response to COVID-19, the Organization developed and administered the Storefront Rent Relief Grant, Interest Rate Reduction Grant, and the Commerical Revitalization Program.

    Expenses $326,625

  • People With Disabilities Program:A co-design programn approach to developing and then implementing services that are specifically designed to: 1) empower individuals with disabilities to enter and succeed in the labor market; and 2)equip employers with the tools and strategies necessary to enhance the inclusivity and accessibility of their workplaces.

    Expenses $61,877

  • Internship/Apprenticeship:Develop and implemement new registered apprenticeships.

    Expenses $47,500

As filed on the 2023 return.

Listed in Part VII

  • Chenelle Dennis

    Executive Director

    Total calculated
    $139,050
    From this org
    $139,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Dynishal Gross

    Commissioner

    Total calculated
    $0
    Hours/week
    0.5

  • Anthony Dellolio

    General Counsel

    Total calculated
    $0
    Hours/week
    0.5

  • Yurij Pawluk

    Deputy Commissioner

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Forte

    Executive Deputy Commissioner

    Total calculated
    $0
    Hours/week
    0.5

  • Leah Hebert

    Deputy Director

    Total calculated
    $0
    Hours/week
    0.5

  • David Berman

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Chris Neal

    Senior Advisor

    Total calculated
    $0
    Hours/week
    0.5

  • Abby Jo Sigal

    Executive Director

    Total calculated
    $0
    Hours/week
    0.5

  • Calvin Brown

    Deputy Commissioner

    Total calculated
    $0
    Hours/week
    0.5

  • Ismail Mohamed

    Treasurer

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
8 April 2025
IRS schema version
2023v6.0
Source object
202521199349302222

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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