NDC HOUSING AND ECONOMIC DEVELOPMENT CORPORATION

As filed

Subsection

03

NTEE code

L200

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

A subordinate covered by the group exemption of NDC HOUSING AND ECONOMIC DEVELOPMENT CORPORATION (EIN 11-2933129). 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.

Mission and programs · 2024

• 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 $76,634,633 · Grants $20,000 · Revenue $73,573,086

• 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 $25,711,803 · Grants $2,799,771 · Revenue $9,696,566

• 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 $1,128,080 · Revenue $237,898

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.

The first 25 listed. 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

  $113,153,472

  Expenses

  $110,899,750

  Contributions

  $27,274,614

  Grants paid

  $2,819,771

• 2023

  Revenue

  $101,514,941

  Expenses

  $110,028,793

  Contributions

  $12,419,293

  Grants paid

  $1,309,562

• 2022

  Revenue

  $115,628,960

  Expenses

  $100,738,505

  Contributions

  $31,207,485

  Grants paid

  $662,000

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

  $129,829,382

  Expenses

  $104,120,358

  Assets (EOY)

  $914,444,452

• 2020 · 990

  Revenue

  $193,664,154

  Expenses

  $194,926,982

  Assets (EOY)

  $1,012,755,346

• 2019 · 990

  Revenue

  $89,841,904

  Expenses

  $93,857,053

  Assets (EOY)

  $943,943,443

• 2018 · 990

  Revenue

  $115,894,266

  Expenses

  $89,122,696

  Assets (EOY)

  $984,900,420

• 2017 · 990

  Revenue

  $91,751,944

  Expenses

  $91,122,002

  Assets (EOY)

  $1,023,650,757

• 2016 · 990

  Revenue

  $97,463,969

  Expenses

  $97,518,385

  Assets (EOY)

  $1,089,149,724

• 2015 · 990

  Revenue

  $75,150,583

  Expenses

  $99,765,709

  Assets (EOY)

  $1,145,379,211

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.

Grants made

• SEATTLE BCOF LLC

  $1,458,010

  2024 · GRANT TO A SMALL BUSINESS OWNER FOR REAL ESTATE DEVELOPMENT

• NDC HOUSING AND ECONOMIC DEVELOPMENT CORP

  $1,250,000

  2024 · ECONOMIC DEVELOPMENT GRANT

• 2816 S MCCLELLAN STREET LLC

  $783,030

  2023 · GRANT TO A SMALL BUSINESS OWNER FOR REAL ESTATE DEVELOPMENT

• NDC HOUSING AND ECONOMIC DEVELOPMENT CORP

  $600,000

  2022 · OPERATIONS (ECON DEV, LI HOUSING, LESSEN BURDENS OF GOV'T)

• NDC HOUSING AND ECONOMIC DEVELOPMENT CORP

  $200,000

  2023 · ECONOMIC DEVELOPMENT GRANT

• NDC COMMUNITY IMPACT LOAN FUND

  $118,000

  2023 · WORKING CAPITAL GRANT

• NEW YORK BUSINESS CORPORATION DBA PURSUIT

  $80,000

  2023 · WORKING CAPITAL GRANT

• NDC COMMUNITY IMPACT LOAN FUND

  $64,276

  2024 · ECONOMIC DEVELOPMENT GRANT

• NDC COMMUNITY IMPACT LOAN FUND

  $62,000

  2022 · OPERATIONS (ECON DEV, LI HOUSING, LESSEN BURDENS OF GOV'T)

• ASCENDUS INC

  $56,017

  2023 · OPERATIONS (ECON DEV, LI HOUSING, LESSEN BURDENS OF GOV'T)

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

Where these grants went next →

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

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.

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.

Other IRS files