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NDC HOUSING AND ECONOMIC DEVELOPMENT CORPORATION

EIN 11-2933129 NEW YORK, NY

Browse the largest nonprofits in New York

Revenue 2024
$13,287,489
Expenses 2024
$12,779,039

Program services were 87.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
Classification
1000
Street
633 THIRD AVE 19J

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Group exemption

The central organization of an IRS group exemption (group number 9219), covering 57 subordinate organizations. matched by us

The IRS lists each organization's group exemption number; we match a subordinate to its central organization by that number and the affiliation code the IRS assigns.

  • 32 WBRP

    NDC HOUSING AND ECONOMIC DEVELOPMENT CORPORATION EIN 27-3468946 NEW YORK, NY

  • CDP ARTLOFT HDF CO

    NDC HOUSING AND ECONOMIC DEVELOPMENT CORPORATION EIN 13-4087937 NEW YORK, NY

  • CDP DUBOIS STREET II INC

    NDC HOUSING AND ECONOMIC DEVELOPMENT CORPORATION EIN 20-3579331 NEW YORK, NY

  • CDP ITHACA INC

    NDC HOUSING AND ECONOMIC DEVELOPMENT CORPORATION EIN 51-0434683 NEW YORK, NY

  • CDP LANCASTER INC

    NDC HOUSING AND ECONOMIC DEVELOPMENT CORPORATION EIN 22-3736890 NEW YORK, NY

  • CDP MADISON SENIOR NFP

    NDC HOUSING AND ECONOMIC DEVELOPMENT CORPORATION EIN 20-0454678 NEW YORK, NY

  • CDP NEW ENGLAND

    NDC HOUSING AND ECONOMIC DEVELOPMENT CORPORATION EIN 20-0992522 NEW YORK, NY

  • CDP NORTH TEXAS INC

    NDC HOUSING AND ECONOMIC DEVELOPMENT CORPORATION EIN 85-1328464 NEW YORK, NY

  • CDP NORTH TEXAS RICHARDSON INC

    NDC HOUSING AND ECONOMIC DEVELOPMENT CORPORATION EIN 85-2548710 NEW YORK, NY

  • CDP PORT ARTHUR INC

    NDC HOUSING AND ECONOMIC DEVELOPMEN T CORPORATION EIN 84-4428544 NEW YORK, NY

All 57 subordinates →

Mission and programs · 2024

Mission

NDC HOUSING AND ECONOMIC DEVELOPMENT CORPORATION WAS ORGANIZED FOR THE FOLLOWING CHARITABLE PURPOSES:A. TO CONSTRUCT NEW LOW INCOME HOUSING AND TO DEVELOP, MANAGE, OPERATE, PROMOTE, FUND, AND SUPPORT EXISTING LOW (CONT. ON SCHEDULE O)

Activities or mission (Part I)

NDC HOUSING AND ECONOMIC DEVELOPMENT CORPORATION WAS ORGANIZED FOR THE (CONT. ON SCHEDULE O) FOLLOWING CHARITABLE PURPOSES: TO CONSTRUCT NEW AND SUPPORT EXISTING SAFE AND ADEQUATE LOW-INCOME HOUSING FOR DISADVANTAGED PERSONS; THEREBY ASSISTING GENERALLY IN THE ALLEVIATION OF HOUSING SHORTAGES THROUGHOUT THE UNITED STATES; TO STIMULATE ECONOMIC DEVELOPMENT IN ECONOMICALLY DISTRESSED AREAS OF THE COUNTRY; AND TO ASSIST IN THE ERECTION AND MAINTENANCE OF PUBLIC BUILDINGS, MONUMENTS OR FACILITIES; TO LESSEN THE BURDENS OF GOVERNMENTS; AND TO PROMOTE SOCIAL WELFARE.

  • LOW INCOME HOUSING:HEDC IS A NATIONAL LEADER IN LOW-INCOME HOUSING THROUGH BOTH DEVELOPMENT AND INVESTMENT. WORKING IN PARTNERSHIP WITH NONPROFIT ORGANIZATIONS AND SERVICE PROVIDERS AROUND THE NATION, HEDC HAS DEVELOPED, FINANCED, OPERATED, AND/OR MANAGED MORE THAN 14,000 OF UNITS OF QUALITY, SAFE, ADEQUATE, AND AFFORDABLE LOW-INCOME HOUSING EQUATING TO BILLIONS OF DOLLARS OF INVESTMENT IN LOW-INCOME COMMUNITIES ACROSS THE COUNTRY.

    Expenses $9,183,394 · Grants $4,606,192 · Revenue $9,682,655

  • LESSENING THE BURDENS OF GOVERNMENT: HEDC ALSO PARTNERS WITH UNITS OF LOCAL GOVERNMENT TO ERECT AND MAINTAIN PUBLIC BUILDINGS, MONUMENTS, AND FACILITIES; AND TO PROMOTE SOCIAL WELFARE. THE UNDERLYING MISSION IS TO "LESSEN THE BURDEN OF GOVERNMENT". PROJECTS INCLUDE PUBLIC BUILDINGS AND CITY HALLS, EDUCATIONAL AND MEDICAL RESEARCH FACILITIES, STUDENT HOUSING, PARKING FACILITIES AND OTHER PUBLIC INFRASTRUCTURE.

    Expenses $1,267,690 · Grants $446,569 · Revenue $1,079,061

  • STIMULATE ECONOMIC DEVELOPMENT IN ECONOMICALLY DEPRESSED AREAS: HEDC WORKS WITH NONPROFIT ORGANIZATIONS, SERVICE PROVIDERS AND UNITS OF LOCAL GOVERNMENT TO STIMULATE ECONOMIC DEVELOPMENT IN THE ECONOMICALLY DEPRESSED NEIGHBORHOODS ACROSS THE NATION. WORKING THROUGH THE NEW MARKETS TAX CREDIT PROGRAM ALONG WITH OTHER FINANCING TOOLS FOR SMALL BUSINESSES AND NONPROFITS, HEDC CREATES EMPLOYMENT AND ENTREPRENEURIAL OPPORTUNITIES FOR DISADVANTAGED GROUPS AND INDIVIDUALS, COMBATS COMMUNITY DETERIORATION, AND ELIMINATES SLUM AND BLIGHT THROUGH NEW INVESTMENT IN LOW-INCOME COMMUNITIES TO REHABILITATE AND REVITALIZE NEIGHBORHOODS.(CONT. SEE SCHEDULE O)NDC COMMUNITY IMPACT LOAN FUND (CILF) UNGUARANTEED LENDING TO WOMEN, MINORITIES, AND INDIVIDUALS IN DISADVANTAGED COMMUNITIES. CILF, HEDC'S NATIONAL CDFI AND MEMBER OF THE FEDERAL HOME LOAN BANK OF NEW YORK, WORKS WITH PARTNER-COMMUNITIES AND INVESTORS THROUGHOUT THE UNITED STATES TO STIMULATE ECONOMIC DEVELOPMENT BY PROVIDING CAPITAL FOR TARGETED GROWTH IN ECONOMICALLY DEPRESSED AREAS. CILF ENGAGES DIRECTLY WITH SMALL BUSINESS OWNERS ACROSS THE COUNTRY BY EXTENDING LOW-COST AND FAIR FINANCING. CILF ALSO OPERATES AND PARTICIPATES IN LOAN PROGRAMS FUNDED BY BOTH PUBLIC AND PRIVATE CLIENTS, IN WHICH CILF ULTIMATELY MAKES END LOANS TO BORROWERS. CILF'S ACTIVITIES CREATE OR RETAIN JOBS, ALLOW BUSINESSES TO EXPAND, RESTRUCTURE DEBT, AND MAKE IT POSSIBLE FOR BUSINESS OWNERS TO CREATE WEALTH.

    Expenses $760,038 · Grants $524,184 · Revenue $1,266,605

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Adam Ennis

    BORD MEMBER/COO

    Total calculated
    $444,236
    From this org
    $0
    From related orgs
    $351,274
    Other
    $92,962
    Hours/week
    20 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $286,274 related
    Bonus
    $0 + $65,000 related
    Other
    $0
    Deferred
    $0 + $39,024 related
    Nontaxable benefits
    $0 + $53,938 related
    Filer's total
    $0 + $444,236 related

  • Charley Depew

    BOARD MEMBER

    Total calculated
    $294,068
    From this org
    $0
    From related orgs
    $255,296
    Other
    $38,772
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $220,296 related
    Bonus
    $0 + $35,000 related
    Other
    $0
    Deferred
    $0 + $19,979 related
    Nontaxable benefits
    $0 + $18,793 related
    Filer's total
    $0 + $294,068 related

  • Daniel Marsh III

    PRESIDENT/BOARD MEMBER

    Total calculated
    $605,052
    From this org
    $0
    From related orgs
    $531,397
    Other
    $73,655
    Hours/week
    4.4 + 50.6 related

    Schedule J breakdown matched by us

    Base
    $0 + $431,397 related
    Bonus
    $0 + $100,000 related
    Other
    $0
    Deferred
    $0 + $54,928 related
    Nontaxable benefits
    $0 + $18,727 related
    Filer's total
    $0 + $605,052 related

  • David J Trevisani

    BOARD MEMBERR/VP

    Total calculated
    $409,255
    From this org
    $0
    From related orgs
    $284,339
    Other
    $124,916
    Hours/week
    6 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $244,339 related
    Bonus
    $0 + $40,000 related
    Other
    $0
    Deferred
    $0 + $76,453 related
    Nontaxable benefits
    $0 + $48,463 related
    Filer's total
    $0 + $409,255 related

  • Kevin Gremse

    BOARD MEMBER

    Total calculated
    $375,233
    From this org
    $0
    From related orgs
    $274,418
    Other
    $100,815
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $260,418 related
    Bonus
    $0 + $14,000 related
    Other
    $0
    Deferred
    $0 + $47,098 related
    Nontaxable benefits
    $0 + $53,717 related
    Filer's total
    $0 + $375,233 related

  • Michael Griffin

    BOARD MEMBER

    Total calculated
    $451,794
    From this org
    $0
    From related orgs
    $366,362
    Other
    $85,432
    Hours/week
    45.5 + 4.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $266,362 related
    Bonus
    $0 + $100,000 related
    Other
    $0
    Deferred
    $0 + $43,059 related
    Nontaxable benefits
    $0 + $42,373 related
    Filer's total
    $0 + $451,794 related

  • Raquel Favela

    BOARD MEMBER

    Total calculated
    $332,730
    From this org
    $0
    From related orgs
    $293,881
    Other
    $38,849
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $243,881 related
    Bonus
    $0 + $50,000 related
    Other
    $0
    Deferred
    $0 + $15,902 related
    Nontaxable benefits
    $0 + $22,947 related
    Filer's total
    $0 + $332,730 related

  • Stephanie Dugan

    BOARD MEMBER

    Total calculated
    $341,816
    From this org
    $0
    From related orgs
    $250,665
    Other
    $91,151
    Hours/week
    28 + 22 related

    Schedule J breakdown matched by us

    Base
    $0 + $225,665 related
    Bonus
    $0 + $25,000 related
    Other
    $0
    Deferred
    $0 + $48,660 related
    Nontaxable benefits
    $0 + $42,491 related
    Filer's total
    $0 + $341,816 related

  • Daniel Choi

    VICE PRESIDENT

    Total calculated
    $332,089
    From this org
    $0
    From related orgs
    $271,108
    Other
    $60,981
    Hours/week
    12.5 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $231,108 related
    Bonus
    $0 + $40,000 related
    Other
    $0
    Deferred
    $0 + $10,941 related
    Nontaxable benefits
    $0 + $50,040 related
    Filer's total
    $0 + $332,089 related

  • Jennifer Vertrees

    SECRETARY

    Total calculated
    $201,814
    From this org
    $0
    From related orgs
    $114,248
    Other
    $87,566
    Hours/week
    25.5 + 24.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $108,248 related
    Bonus
    $0 + $6,000 related
    Other
    $0
    Deferred
    $0 + $37,589 related
    Nontaxable benefits
    $0 + $49,977 related
    Filer's total
    $0 + $201,814 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $13,287,489
    Expenses
    $12,779,039
    Contributions
    $1,250,000
    Grants paid
    $5,576,945
  • 2023
    Revenue
    $12,386,503
    Expenses
    $11,165,097
    Contributions
    $200,000
    Grants paid
    $4,512,525
  • 2022
    Revenue
    $13,208,840
    Expenses
    $11,761,090
    Contributions
    $600,000
    Grants paid
    $5,517,803

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $10,401,743
    Expenses
    $9,899,953
    Assets (EOY)
    $24,571,760

  • 2020 · 990

    Revenue
    $10,793,357
    Expenses
    $10,433,704
    Assets (EOY)
    $21,024,766

  • 2019 · 990

    Revenue
    $10,713,943
    Expenses
    $9,822,616
    Assets (EOY)
    $18,912,207

  • 2018 · 990

    Revenue
    $8,968,108
    Expenses
    $8,476,467
    Assets (EOY)
    $18,599,484

  • 2017 · 990

    Revenue
    $9,241,637
    Expenses
    $8,725,096
    Assets (EOY)
    $16,481,191

  • 2016 · 990

    Revenue
    $10,690,359
    Expenses
    $9,704,321
    Assets (EOY)
    $17,430,967

  • 2015 · 990

    Revenue
    $7,027,442
    Expenses
    $6,080,375
    Assets (EOY)
    $13,877,566

  • 2014 · 990

    Revenue
    $5,515,967
    Expenses
    $5,755,592
    Assets (EOY)
    $14,544,995

  • 2013 · 990

    Revenue
    $7,752,529
    Expenses
    $7,570,336
    Assets (EOY)
    $16,700,302

  • 2012 · 990

    Revenue
    not reported
    Expenses
    $7,926,133
    Assets (EOY)
    $17,302,031

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

Where these grants went next →

Grants received

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Declared as related by

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Disregarded entities on its 2024 return

Related partnerships on its 2024 return

  • NDC CORPORATE EQUITY FUND III

    DEVELOPMENT · LOW INCOME HOUSING · NY · 0.01% owned · general or managing partner

  • NDC CORPORATE EQUITY FUND IV

    DEVELOPMENT · LOW INCOME HOUSING · NY · 0.01% owned · general or managing partner

  • NDC CORPORATE EQUITY FUND V

    DEVELOPMENT · LOW INCOME HOUSING · NY · 0.01% owned · share of income -$19 · general or managing partner

  • NDC CORPORATE EQUITY FUND VI

    DEVELOPMENT · LOW INCOME HOUSING · NY · 0.01% owned · share of income -$11 · share of assets $148 · general or managing partner

  • NDC CORPORATE EQUITY FUND VII

    DEVELOPMENT · LOW INCOME HOUSING · NY · 0.01% owned · share of income -$24 · share of assets $481 · general or managing partner

  • NDC CORPORATE EQUITY FUND VIII

    DEVELOPMENT · LOW INCOME HOUSING · NY · 0.01% owned · share of income -$23 · share of assets $100 · general or managing partner

  • NDC CORPORATE EQUITY FUND IX

    DEVELOPMENT · LOW INCOME HOUSING · NY · 0.01% owned · share of income -$153 · share of assets $579 · general or managing partner

  • NDC CORPORATE EQUITY FUND X

    DEVELOPMENT · LOW INCOME HOUSING · NY · 0.01% owned · share of income -$221 · share of assets $650 · general or managing partner

  • NDC CORPORATE EQUITY FUND XI

    DEVELOPMENT · LOW INCOME HOUSING · NY · 0.01% owned · share of income -$398 · share of assets $886 · general or managing partner

  • NDC CORPORATE EQUITY FUND XII

    DEVELOPMENT · LOW INCOME HOUSING · NY · 0.01% owned · share of income -$651 · share of assets $2,101 · general or managing partner

  • NDC CORPORATE EQUITY FUND XIII

    DEVELOPMENT · LOW INCOME HOUSING · NY · 0.01% owned · share of income -$578 · share of assets $2,650 · general or managing partner

  • NDC CORPORATE EQUITY FUND XIV

    DEVELOPMENT · LOW INCOME HOUSING · NY · 0.01% owned · share of income -$494 · share of assets $3,612 · general or managing partner

  • NDC CORPORATE EQUITY FUND XV

    DEVELOPMENT · LOW INCOME HOUSING · NY · 0.01% owned · share of income -$438 · share of assets $4,763 · general or managing partner

  • NDC CORPORATE EQUITY FUND XVI

    DEVELOPMENT · LOW INCOME HOUSING · NY · 0.01% owned · share of income -$566 · share of assets $6,394 · general or managing partner

  • NDC CORPORATE EQUITY FUND XVII LP

    DEVELOPMENT · LOW INCOME HOUSING · NY · 0.01% owned · share of income -$500 · share of assets $8,063 · general or managing partner

  • NDC CORPORATE EQUITY FUND XVIII

    DEVELOPMENT · LOW INCOME HOUSING · NY · 0.01% owned · share of income -$711 · share of assets $8,823 · general or managing partner

  • NDC CORPORATE EQUITY FUND XIX

    DEVELOPMENT · LOW INCOME HOUSING · NY · 0.01% owned · share of income -$643 · share of assets $8,683 · general or managing partner

  • NDC CORPORATE EQUITY FUND XX

    DEVELOPMENT · LOW INCOME HOUSING · NY · 0.01% owned · share of income -$2,008,921 · share of assets $110,618,860 · general or managing partner

  • NDC CORPORATE EQUITY FUND XXI

    DEVELOPMENT · LOW INCOME HOUSING · NY · 100% owned · share of income $86,920 · share of assets $74,609,280 · general or managing partner

Related corporations and trusts on its 2024 return

  • NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION

    C · HOUSING · NY

  • COMMUNITY DEVELOPMENT GROUP ILLINOIS INC

    C · HOUSING · NY

  • COMMUNITY DEVELOPMENT GROUP KENTUCKY INC

    C · ECONOMIC DEVELOPMENT · NY

  • COMMUNITY DEVELOPMENT GROUP RENEWABLE ENERGY

    C · ECONOMIC DEVELOPMENT · NY

  • COMMUNITY DEVELOPMENT GROUP WALLA WALLA INC

    C · ECONOMIC DEVELOPMENT · NY

  • COMMUNITY DEVELOPMENT INVESTOR BROOKLYN

    C · ECONOMIC DEVELOPMENT · NY

  • HOUSING DEVELOPMENT GROUP III INC

    C · HOUSING · NY

  • NDC GREEN RENEWABLE ENERGY ENTERPRISE NEXUS

    C · ECONOMIC DEVELOPMENT · NY

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility GROUP.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 9 November 2026 and read 9 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.