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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.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$13.3M
Program Spending
88%
of total expenses go to program services
Total Contributions
$1.3M
Total Expenses
▼$12.8M
Total Assets
$44.2M
Total Liabilities
▼$25.7M
Net Assets
$18.5M
Officer Compensation
→N/A
Other Salaries
$3.9M
Investment Income
$9,168
Fundraising
▼N/A
Tax Year 2024 · Source: IRS Form 990, Schedule I (Grants and Other Assistance)
Total grants awarded: $5.6M
| Recipient | Location | Amount | Type | Purpose |
|---|---|---|---|---|
| NEW YORK, NY | $5.5M | Cash | SUPPORT GENERAL OPERATIONS | |
A EDISON DEVELOPMENT CORPORATION46-3757191 | NEW YORK, NY | $65.6K | Cash | SUPPORT GENERAL OPERATIONS |
| NEW YORK, NY | $7,605 | Cash | SUPPORT GENERAL OPERATIONS | |
| Total | $5.6M | |||
NEW YORK, NY
$5.5M
NEW YORK, NY
$65.6K
NEW YORK, NY
$7,605
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$1M
Awards Found
1
Department of Housing and Urban Development
$1M
PURPOSE: ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING/CONGRESSIONAL DIRECTED SPENDING AWARDS ARE AUTHORIZED UNDER THE CONSOLIDATED APPROPRIATIONS ACT, 2022 PUBLIC LAW 117-328 AND THE EXPLANATORY STATEMENT FOR DIVISION L OF THAT ACT. PROJECTS SELECTED FOR COMMUNITY PROJECT FUNDING/CONGRESSIONAL DIRECTED SPENDING ARE LISTED IN THE JOINT EXPLANATORY STATEMENT (JES) THAT ACCOMPANIES A SPECIFIC FISCAL YEAR’S APPROPRIATIONS ACT OR CONGRESSIONAL RECORD. THE JES LISTS PROJECT, RECIPIENT, STATE, AMOUNT AND CONGRESSIONAL SPONSOR.; ACTIVITIES TO BE PERFORMED: ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING/CONGRESSIONALLY DIRECTED SPENDING AWARD PROJECTS INCLUDE A WIDE VARIETY OF ACTIVITIES THAT RESULT IN ECONOMIC DEVELOPMENT OR COMMUNITY DEVELOPMENT OUTCOMES. HUD WILL NOT KNOW THE FULL SCOPE OF THE PROJECT UNTIL THE RECIPIENT SUBMITS THE REQUIRED PROJECT NARRATIVE AND CONFIRMS ALIGNMENT WITH THE LANGUAGE AS PROVIDED IN THE CONGRESSIONAL RECORD. TO FIND THE DETAILS OF THE GRANT AWARD AS WRITTEN WITHIN THE CONGRESSIONAL RECORD USE THE FOLLOWING LINK AND PATH SELECTIONS TO GET TO THE DESCRIPTION OF THE ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING GRANTS HTTPS://WWW.HUD.GOV/PROGRAM_OFFICES/COMM_PLANNING/EDI-GRANTS, SELECT THE FISCAL YEAR OF INTEREST, SCROLL DOWN TO PROGRAM LAWS AND REGULATIONS, UNDER FISCAL YEAR 20XX CONSOLIDATED APPROPRIATIONS ACT, 20XX: CONGRESSIONAL RECORD (JOINT EXPLANATORY STATEMENT).; EXPECTED OUTCOMES: COMPLETION OF THE PROJECT AS DESCRIBED IN THE JOINT EXPLANATORY STATEMENT (JES) PROJECT DESCRIPTION AND SUBSEQUENT APPROVED PROJECT NARRATIVE.; INTENDED BENEFICIARIES: THE PROJECT BENEFICIARIES ARE THE INDIVIDUALS AND/OR ORGANIZATIONS THAT ARE AWARDED GRANT FUNDS OR SERVED BY THE ENTITIES THAT ARE AWARDED GRANT FUNDS AS IDENTIFIED IN THE JES RECIPIENT OR PROJECT DESCRIPTION SECTIONS.; SUBRECIPIENT ACTIVITIES: THE SUBRECIPIENT ACTIVITIES ARE UNKNOWN AT THE TIME OF AWARD.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2024 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: GROUP
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $13.3M | $1.3M | $12.8M | $44.2M | $18.5M |
| 2023IRS e-File | $12.4M | $200K | $11.2M | $34.1M | $18M |
| 2022 | $13.2M | $600K | $11.8M | $30.3M | $16.8M |
| 2021 | $10.4M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Daniel Marsh Iii | President/board Member | 4.4 | $0 | $531.4K | $73.7K | $605.1K |
| Adam Ennis | Bord Member/coo | 20 | $0 | $351.3K | $93K | $444.2K |
| David J Trevisani | Board Memberr/vp | 6 | $0 | $284.3K | $124.9K | $409.3K |
| Daniel Choi | Vice President | 12.5 | $0 | $271.1K | $61K | $332.1K |
| Jennifer Vertrees | Secretary | 25.5 | $0 | $114.2K | $87.6K | $201.8K |
Daniel Marsh Iii
President/board Member
$605.1K
Hrs/Wk
4.4
Compensation
$0
Related Orgs
$531.4K
Other
$73.7K
Adam Ennis
Bord Member/coo
$444.2K
Hrs/Wk
20
Compensation
$0
Related Orgs
$351.3K
Other
$93K
David J Trevisani
Board Memberr/vp
$409.3K
Hrs/Wk
6
Compensation
$0
Related Orgs
$284.3K
Other
$124.9K
Daniel Choi
Vice President
$332.1K
Hrs/Wk
12.5
Compensation
$0
Related Orgs
$271.1K
Other
$61K
Jennifer Vertrees
Secretary
$201.8K
Hrs/Wk
25.5
Compensation
$0
Related Orgs
$114.2K
Other
$87.6K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Charley Depew | Board Member | 1 | $0 | $255.3K | $38.8K | $294.1K |
| Kevin Gremse | Board Member | 1 | $0 | $274.4K | $100.8K | $375.2K |
| Michael Griffin | Board Member | 45.5 | $0 | $366.4K | $85.4K |
Charley Depew
Board Member
$294.1K
Hrs/Wk
1
Compensation
$0
Related Orgs
$255.3K
Other
$38.8K
Kevin Gremse
Board Member
$375.2K
Hrs/Wk
1
Compensation
$0
Related Orgs
$274.4K
Other
$100.8K
Michael Griffin
Board Member
$451.8K
Hrs/Wk
45.5
Compensation
$0
Related Orgs
$366.4K
Other
$85.4K
| $200K |
| $9.9M |
| $24.6M |
| $15.4M |
| 2020 | $10.8M | $1.3M | $10.4M | $21M | $14.9M |
| 2019 | $10.7M | $1.3M | $9.8M | $18.9M | $15M |
| 2018 | $9M | $2.1M | $8.5M | $18.6M | $14.1M |
| 2017 | $9.2M | $2.2M | $8.7M | $16.5M | $13.6M |
| 2016 | $10.7M | $1.7M | $9.7M | $17.4M | $13.1M |
| 2015 | $7M | $3.4M | $6.1M | $13.9M | $12.1M |
| 2014 | $5.5M | $1.3M | $5.8M | $14.5M | $11.2M |
| 2013 | $7.8M | $300K | $7.6M | $16.7M | $11.4M |
| 2012 | $8.8M | $540.6K | $7.9M | $17.3M | $11.2M |
| 2011 | $7.8M | $0 | $7.4M | $17.9M | $10.4M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| $451.8K |
| Raquel Favela | Board Member | 1 | $0 | $293.9K | $38.8K | $332.7K |
| Stephanie Dugan | Board Member | 28 | $0 | $250.7K | $91.2K | $341.8K |
Raquel Favela
Board Member
$332.7K
Hrs/Wk
1
Compensation
$0
Related Orgs
$293.9K
Other
$38.8K
Stephanie Dugan
Board Member
$341.8K
Hrs/Wk
28
Compensation
$0
Related Orgs
$250.7K
Other
$91.2K