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Commonwealth Local Development Corp CLDC
New York, NY · EIN 132938457 · Form 990 · FY2024 · Medium ($1M-$10M)
revenue
$1.8M
expenses
$1.6M
net assets
$22.1M
employees
0
volunteers
10
program ratio
0%
mission · from form 990

Local development Corp (LDC) - Community Economic Development projects benefiting the general public.

profile · synthesized from sources

Local development corporation focused on community economic development projects that benefit the general public. Based in New York, the organization operates with approximately $2 million in annual revenue. Specific programs, activities, and service populations are not detailed in available IRS filings.

activities · 1 group

What they do

financials · form 990 · fy2024
revenue
Total revenue$1.80M
Contributions & grants$00%
Program service revenue$1.75M98%
Investment income$42K2%
Other revenue$0
expenses
Total expenses$1.65M
Program expenses0%
Admin / overhead100%
Fundraising0%
Salaries & benefits$400K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$23.98M
Cash$1.53M
Investments$1.00M
Liabilities$1.92M
Net assets$22.06M
Liquid reserves18.4 mo
5 years on record · 2019–2024 · YoY revenue +43.9%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 5
NameTitleHours/wkCompensation
E Hamil Douglas President 10 $308K
Ayesha Codrington Direct of Finance 10 $174K
Terri-Ann Smith Senior Lending Dir 10 $146K
Andre Simon Chief of Staff 10 $143K
Joseph Tait Board Memb/COO 10 $63K
board members · 6
  • Ashli Gibbs — Board Member
  • Curtis Archer — Board Member
  • Erik Chiette — Secretary
  • Lewiston Murray — Board Member
  • Sharon E Joseph — Vice Chair
  • Zevilla Jackson-Preston — Board Chair
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.