irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $2.17MBusiness Services: WDC collaborated with an organization to conduct a comprehensive national landscape study and analysis. This study aimed to provide insights to guide New York Citys strategy in fostering equitable development within the emerging legal cannabis industry. The findings from this study will subsequently inform the design and implementation of training programs tailored to this field.
- #2 $1.43MInternship/Apprenticeship: Develop and implement new registered apprenticeships.
named programs · 7 · from sources
What they call their work
Commercial Revitalization Program
Initiative supporting the recovery and growth of commercial enterprises in underserved areas of New York City through targeted financial assistance.
Interest Rate Reduction Grant
Program offering financial support to small businesses by reducing interest rates on loans, aimed at improving access to capital and promoting business stability.
NYC Employee Retention Grant Program
Grant program for small employers with five or fewer employees to help retain workers during the economic impact of the COVID-19 pandemic.
National Cannabis Industry Landscape Study
Research initiative to analyze the emerging legal cannabis industry and inform the development of equitable workforce training programs in New York City.
Pathways to Industrial and Construction Careers (PINCC)
Registered apprenticeship program funded by the U.S. Economic Development Agency to connect workers with quality jobs in industrial and construction sectors through collaborative workforce training systems.
Storefront Rent Relief Grant
Financial assistance program for small businesses in New York City, providing grants to help cover rent costs during economic hardship, particularly due to the COVID-19 pandemic.
Workforce Training Programs
Sector-based occupational skills training and internship opportunities for New Yorkers, designed to connect participants with full-time employment and support business competitiveness.
activities · 4 groups
What they do
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Workforce Readiness Training 2 activities
- Connecting New Yorkers to skills training and employmentConnected New Yorkers to sector-based occupational skills training, internships, and full-time jobs, while providing workforce training to improve business competitiveness and increase worker wages.
- Pathways to Industrial and Construction Careers (PINCC) programImplemented the Pathways to Industrial and Construction Careers (PINCC) program to place individuals in quality jobs through integrated workforce training systems.
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Local Business Financing and Incentives 1 activity
- Administering grant and loan programs for businesses affected by COVID-19Developed and administered multiple financial assistance programs—including the Storefront Rent Relief Grant, Interest Rate Reduction Grant, Commercial Revitalization Program, NYC Employee Retention Grant Program, and Small Business Emergency Grant—to support businesses impacted by the pandemic.
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Advanced Manufacturing Workforce Training 1 activity
- Developing and implementing registered apprenticeshipsDeveloped and implemented new registered apprenticeships to expand workforce development opportunities.
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Uncategorized 1 activity
- National landscape study on the legal cannabis industryConducted a national landscape study on the legal cannabis industry to inform workforce training strategies in New York City.
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financials · form 990 · fy2024
revenue
Total revenue$11.64M
Contributions & grants$11.33M97%
Program service revenue$00%
Investment income$304K3%
Other revenue$841
expenses
Total expenses$11.39M
Program expenses100%
Admin / overhead0%
Fundraising0%
Salaries & benefits$4.35M
Grants paid out$6.81M
Largest expense lineCompensation
balance sheet
Total assets$16.90M
Cash$10.41M
Investments$0
Liabilities$13.15M
Net assets$3.74M
Liquid reserves11.0 mo
6 years on record · 2019–2024 · YoY revenue +17.9%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 6
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| Brandan Collins | Executive Director TTP | 0 | $156K |
| Priscilla Kwak | Managing Dir Strategic Initiatives | 0 | $145K |
| Chenelle Dennis | Executive Director | 35 | $142K |
| Jelynne Morse | Senior Product Researcher | 0 | $140K |
| Jaylene Rubio | UXUI Designer | 0 | $124K |
| Trey Reid | Director Construction | 0 | $114K |
board members · 9
- Abby Jo Sigal — Executive Director
- Anthony Dellolio — General Counsel
- Calvin Brown — Deputy Commissioner
- Chris Neal — Senior Advisor
- David Berman — Director
- Dynishal Gross — Commissioner
- Leah Hebert — Deputy Director
- Michael Forte — Executive Deputy Commissioner
- Yurij Pawluk — Deputy Commissioner
relationships · 2
Who they work with
- EDC Government — Major funding source for multiple business financial assistance and workforce training programs
- U.S Economic Development Agency Government — Funder of the Pathways to Industrial and Construction Careers (PINCC) program under the Good Jobs Challenge Initiative
strategies · 1
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Integrated Stakeholder Engagementmethodology: integrated_stakeholder_engagementBy involving workforce stakeholders across training and placement, we improve job quality and equitable economic outcomes because alignment between training providers, employers, and job seekers ensures relevance and equity in workforce development.