named programs · 3 · from sources
What they call their work
Eastern Rail Yard TDR Program
Management of Transferrable Development Rights from the Eastern Rail Yard, allowing sale of development rights to property owners in Subdistrict A of the Special Hudson Yards District.
Hudson Park & Boulevard
Development and construction of a four-acre linear park and boulevard system running from West 33rd to West 39th Streets, designed to serve as the green centerpiece of the Hudson Yards neighborhood.
No. 7 Subway Extension
Coordination and implementation of the extension of the No. 7 subway line from Times Square to a new terminal at 34th Street and 11th Avenue, enhancing transit access to the Hudson Yards area.
activities · 5 groups
What they do
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Urban Park and Public Space Conservation 1 activity
- Constructs and manages public open spaces in Hudson YardsDeveloped Phase I of Hudson Park & Boulevard between West 33rd and West 36th Streets, completed in 2015, and filed amendments to establish the full park system from West 33rd to West 39th Streets.
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Affordable Housing Development and Management 1 activity
- Directs affordable housing inquiries to city agencies and developersProvides referrals to relevant city agencies and developers for individuals seeking affordable housing opportunities in the Hudson Yards area.
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Local Business Financing and Incentives 1 activity
- Facilitates private commercial development through tax incentivesSupports commercial development projects in the Hudson Yards area by administering real estate tax discounts under the NYCIDA Uniform Tax Exemption Policy.
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Nonprofit Organizational Management 1 activity
- Oversees financial governance and reportingConducts regular board and audit committee meetings, adopts annual budgets, and produces audited financial statements, internal control letters, investment compliance letters, and management representation letters to ensure financial accountability.
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Uncategorized 4 activities
- Develops and publishes program and site informationPrepares and publishes detailed information on the Hudson Yards development program, including zoning regulations and specifics about development sites, to support transparency and public engagement.
- Manages Hudson Yards redevelopment infrastructure and public amenitiesOversees implementation of New York City's economic initiatives for the Hudson Yards area, including the extension of the No. 7 subway line, construction of public parks and boulevards, and associated property acquisition. This includes managing major infrastructure projects such as the subway extension and development of Hudson Park & Boulevard.
- Monitors and reports on development outcomesTracks and reports on key development metrics, including the construction of more than 5,600 apartments and 3,900 hotel rooms since 2005, and over $5 billion in private investment spurred by public infrastructure.
- Supports affordable housing development in Hudson YardsSecured commitments for 431 permanently affordable housing units as part of the Western and Eastern Rail Yards developments, with 265 units on the Western Rail Yard and 166 units across both sites.
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financials · form 990 · fy2024
revenue
Total revenue$8.36M
Contributions & grants$8.36M100%
Program service revenue$00%
Investment income$4K0%
Other revenue$0
expenses
Total expenses$8.31M
Program expenses89%
Admin / overhead11%
Fundraising0%
Salaries & benefits$894K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$2.21M
Cash$183K
Investments$0
Liabilities$2.10M
Net assets$112K
Liquid reserves0.3 mo
5 years on record · 2020–2024 · YoY revenue +1.9%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 3
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| LINCOLN PATEL | VICE PRESIDENT AND COUNSEL | 35 | $338K |
| ANGELA CAVALUZZI | PRESIDENT | 35 | $324K |
| SUSAN GIL | TREASURER AND CONTROLLER | 35 | $159K |
board members · 13
- ADOLFO CARRION JR — DIRECTOR
- ADRIENNE ADAMS — DIRECTOR
- AHMED TIGANI — DIRECTOR
- ANDREW KIMBALL — DIRECTOR
- BRAD LANDER — DIRECTOR
- DAN GARODNICK — DIRECTOR
- DUNISHAL GROSS — DIRECTOR
- ERIK BOTTCHER — DIRECTOR
- JACQUES JIHA — DIRECTOR
- JEFFREY ROTH — DIRECTOR
- JESSICA CHAIT — DIRECTOR
- MARK LEVINE — DIRECTOR
- SUSAN DONOGHUE — DIRECTOR
relationships · 31
Who they work with
- CITY OF NEW YORK Government — Implements economic redevelopment initiatives on behalf of the City of New York in the Hudson Yards area.
- City of New York Government — Collaborates on planning initiatives to develop the Hudson Yards area.
- Convention Center Development and Operating Corporations Partner — Works with these corporations on expansion of the Javits Convention Center and development of a convention center hotel.
- Cushman & Wakefield Partner — Produced the '2011 Hudson Yards Demand and Development Report' used to inform planning and projections.
- Hudson Yards Infrastructure Corporation Partner — Collaborates on project financing and cost containment for the Hudson Yards development.
- MTA Government — Federal and state partner overseeing rail operations; development coordinated with MTA due to active LIRR operations beneath the site.
- MTA Partner — Owns the rail yards redeveloped as part of the Hudson Yards project; collaborated on the Number 7 Subway Line Extension.
- Metropolitan Transportation Authority Government — Collaborates on development planning, including mixed-use development over the West Side Rail Yards.
- Metropolitan Transportation Authority Partner — Collaborates on construction of the No. 7 Subway extension and planning and development of the Eastern and Western Rail Yards.
- Metropolitan Transportation Authority Partner — Partnered with the City and MTA to fund and construct the No. 7 Subway Extension.
- Michael Van Valkenburgh Landscape Architects Partner — Lead design firm for the Hudson Park & Boulevard Phase II project.
- NYC Affordable Housing Resource Center Government — Agency to which the organization refers individuals for affordable housing information.
- NYC Department of Housing, Preservation and Development Government — Agency to which the organization refers individuals for affordable housing information.
- NYC Housing Government — Agency to which the organization refers individuals for affordable housing information.
- NYC Housing Authority Government — Agency to which the organization refers individuals for affordable housing information.
- NYC Housing Connect Government — Platform to which the organization refers individuals for affordable housing information.
- New York City Government — Reached agreement with the City of New York for funding and construction of the No. 7 Subway Extension.
- New York City Council Government — Approved the 2005 and 2009 rezoning plans for the Hudson Yards area.
- New York City Council Government — Engaged in planning and development of the Eastern and Western Rail Yards.
- New York City Department of City Planning Government — Hosts extensive zoning and development plan information for the Hudson Yards area.
- New York City Department of City Planning Partner — Partners on planning and development of the Eastern and Western Rail Yards and infrastructure improvements.
- New York City Department of Environmental Protection Partner — Collaborates on infrastructure improvements related to environmental protection.
- New York City Department of Housing Preservation & Development Partner — Partners on affordable housing development as part of the Hudson Yards program.
- New York City Department of Parks & Recreation Partner — Collaborates on parks and other infrastructure improvements.
- New York City Department of Transportation Partner — Partners on streets and other infrastructure improvements.
- New York City Industrial Development Agency Government — Administers the Uniform Tax Exemption Policy that provides financial incentives for commercial development in Hudson Yards.
- New York City Industrial Development Agency Partner — Works together on financial incentive programs to spur commercial development.
- New York City Law Department Partner — Collaborates on condemnation and other property acquisition activities.
- New York City Office of Management and Budget Partner — Partners on project financing and cost containment for the Hudson Yards development.
- State of New York Government — Collaborates on planning initiatives to develop the Hudson Yards area.
+ 1 more
strategies · 2
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.
- Infrastructure-Led Urban Regenerationmethodology: infrastructure-led redevelopmentBy developing public infrastructure such as transit systems, parks, and roadways, the organization catalyzes large-scale private investment and economic development in underutilized urban areas, because these public amenities increase accessibility, desirability, and development capacity of the district.
- Strategic Zoning and Land-Use Policy as Development Leveragemethodology: comprehensive_rezoningBy implementing comprehensive rezoning and enabling transferable development rights, the organization unlocks high-density, mixed-use development potential on previously restricted or underutilized land, because regulatory reform directly enables private investment and revenue generation at scale.