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)
Public Charity
NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION - GROUP RETURN
NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION - GROUP RETURN, of NEW YORK, NY, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $113.2M in revenue, $110.9M in expenses, $818.6M in total assets. IRS filings disclose 8,286 grants awarded by this foundation, totaling roughly $109.1M.
EIN: 911884698
NEW YORK, NY
Housing Development, Construction & Management
NTEE: L20
Latest filing: 2024
Total Revenue$113.2M
Total Expenses$110.9M
Total Assets$818.6M
Grants Given8,286
Grant Total$109.1M
Filing Years2019–2024
Where $100 goes at Ndc Housing & Economic Development Corporation - Group Return
How Ndc Housing & Economic Development Corporation - Group Return divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$95
Programs
the work itself
$5
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 $95 for programs
$70
Lessening the burdens of government
$24
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…
$1
Low income housing:hedc is a national leader in low-income housing through both development and investment
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Before you apply to Ndc Housing & Economic Development Corporation - Group Return
Who to contact, what to include, deadlines, typical grant size and geographic focus are available with membership.
Sample Grants Given
SEATTLE BCOF LLC
GRANT TO A SMALL BUSINESS OWNER FOR REAL ESTATE DEVELOPMENT
$1,458,010
ECONOMIC DEVELOPMENT GRANT
$1,250,000
NDC COMMUNITY IMPACT LOAN FUND
ECONOMIC DEVELOPMENT GRANT
$64,276
THE COMMUNITY ECONOMIC DEVELOPMENT FUND I LLC
WORKING CAPITAL GRANT
$27,485
KINGS THEATRE MASTER TENANT LLC
ANNUAL THANKSGIVING DONATION
$20,000
Showing up to 5 of 8,286 total records — full history available with membership.
Officers & Directors
BOARD MEMBER/COO
Adam Ennis
BOARD MEMBER
Bill King
BOARD MEMBER
Brendan Mehaffy
BOARD MEMBER
Byron Brown
BOARD MEMBER
Charley Depew
BOARD MEMBER
Christopher Scanlon
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $113.2M | $110.9M | $818.6M |
| 2023 | $101.5M | $110.0M | $910.4M |
| 2022 | $115.6M | $100.7M | $906.9M |
| 2020 | $193.7M | $194.9M | $1.0B |
| 2019 | $89.8M | $93.9M | $943.9M |
Between 2019 and 2024, reported annual revenue grew from $89.8M to $113.2M (+26%), with total assets most recently reported at $818.6M.
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in CT, NY, TX, WA.
CTNYTXWA
Full geographic grant map with state-by-state breakdown available with membership.