Mission
To stimulate overall economic development of the Harlem Community through the creation of enterprises, generation of jobs and improvement of services.
Public Charity
Commonwealth Local Development Corp CLDC
Based in New York, NY, Commonwealth Local Development Corp CLDC operates as a Public Charity. The organization reported $1.8M in revenue, $1.6M in expenses, $24.0M in total assets for fiscal year 2025. Imperigo tracks 4 reported grants from this foundation totaling approximately $1.9M.
EIN: 132938457
New York, NY
Latest filing: 2025
Total Revenue$1.8M
Total Expenses$1.6M
Total Assets$24.0M
Grants Given4
Grant Total$1.9M
Filing Years2021–2025
Where $100 goes at Commonwealth Local Development Corp CLDC
How Commonwealth Local Development Corp CLDC divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$29
Programs
the work itself
$71
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $29 for programs
$29
Cldc is a local development corporation that manages local development projects in harlem and surrounding communities
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Given
Harlem Entrepreneurial Fund
To grant business loans/oper. Exp
$800,000
$500,000
Harlem Entrepreneurial Fund
To grant business loans/oper. Exp
$400,000
$250,000
Showing up to 5 of 4 total records — full history available with membership.
Officers & Directors
Chief of Staff
Andre Simon
Board Member
Ashli Gibbs
Direct of Finance
Ayesha Codrington
Board Member
Curtis Archer
President
E Hamil Douglas
Secretary
Erik Chiette
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $1.8M | $1.6M | $24.0M |
| 2024 | $1.8M | $2.0M | $23.9M |
| 2023 | $1.2M | $545K | $14.8M |
| 2022 | $1.3M | $521K | $14.1M |
| 2021 | $1.2M | $283K | $13.5M |
Between 2021 and 2025, reported annual revenue grew from $1.2M to $1.8M (+53%), with total assets most recently reported at $24.0M.
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in NY.
NY
Full geographic grant map with state-by-state breakdown available with membership.