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THE GREATER HUNTS POINT ECONOMIC DEVELOPMENT CORPORATION
BRONX, NY · EIN 133475185 · Form 990EZ · FY2024 · NTEE S31 · Community Improvement · Micro (<$100K) · ghpedc.org
revenue
$88K
expenses
$19K
net assets
$-117K
employees
—
mission · from form 990

GHPEDC OPERATES TO ENHANCE THE IMAGE AND WORKING ENVIRONMENT FOR OVER 650 BUSINESSES LOCATED IN THE HUNTS POINT INDUSTRIAL PARK AND DISTRIBUTION CENTER. GHPEDC ALSO PROVIDE BUSINESSES WITH VARIOUS PROGRAMS THAT INCLUDE A CHAMBER OF COMMERCE, BUSINESS OUTREACH SERVICES, FINANCIAL SERVICES, EMPLOYMENT, TRAINING AND RECRUITMENT, AND COMMERCIAL REVITALIZATION.

profile · synthesized from sources

The Greater Hunts Point Economic Development Corporation (GHPEDC) supports economic growth in the Hunts Point Industrial Park by serving over 650 local businesses. It focuses on improving the business environment through outreach, financial services, workforce development, and commercial revitalization initiatives. The organization also advocates for sustainable transportation solutions and improved infrastructure to benefit local industry and workers.

named programs · 3 · from sources

What they call their work

Business Outreach Services
Provides support to over 650 businesses in the Hunts Point Industrial Park, including access to financial services and recruitment
Commercial Revitalization
Initiative to improve the working environment and economic vitality of the Hunts Point Industrial Park and Distribution Center
Maritime Freight Pilot
Tested waterborne delivery of goods via the Helen A. workboat to reduce truck congestion and improve air quality in Hunts Point
activities · 10 groups

What they do

  • Clean Transportation Adoption & Infrastructure 2 activities
    • Advocacy for sustainable freight and goods movement
      Advocates for the safe, reliable, and low-emission movement of goods in Hunts Point, supporting local industrial leaders in reimagining freight transport through waterborne and zero-emission solutions.
    • Development and implementation of clean transportation initiatives
      Leads clean transportation programs including the Clean Trucks Program, which distributed over $18.8 million in incentives to replace 619 older diesel trucks with cleaner vehicles, and has expanded citywide; co-develops zero-emission freight solutions such as refrigerated battery electric vehicle delivery and The Recharge Hub, a fast electric vehicle charging and business incubator facility.
  • Small Business Technical Assistance 1 activity
    • Business support and technical assistance
      Provides advocacy, technical assistance, training, and business formation support to over 650 businesses in the Hunts Point Industrial Park and Distribution Center, with a focus on wholesale food manufacturing and distribution, MWBE certification for government contracting, and financial services.
  • Neighborhood Revitalization Initiatives 1 activity
    • Community-informed economic and environmental planning
      Co-led the development of Hunts Point Forward, a 15-year community-informed vision for equitable economic and environmental revitalization in Hunts Point, through extensive community engagement including surveys, public workshops, and focus groups.
  • Professional Networking Events 1 activity
    • Hosting business networking and community events
      Hosts annual business networking summits and events for local leaders in Hunts Point and surrounding South Bronx neighborhoods, including a 2023 summit at the Point Campus for Arts & The Environment.
  • MWBE Certification and Contract Access Support 1 activity
    • MWBE certification and economic inclusion program
      Operates a Minority and Women-Owned Business Enterprise (MWBE) certification program to build local business capacity, promote economic inclusion, and support small businesses in securing government contracts.
  • Urban Resilience Planning & Advocacy 1 activity
    • Maintaining planning and development resource database
      Maintains a public database of studies, plans, and research related to planning, economic development, resiliency, and sustainability for the Hunts Point Peninsula.
  • Shared Kitchen Incubator for Food Entrepreneurs 1 activity
    • Operation of Bronx CookSpace incubator kitchen
      Operates Bronx CookSpace, an incubator kitchen that provides affordable shared kitchen space and support services for small food businesses in the South Bronx.
  • Business Community Advocacy 1 activity
    • Operation of Greater Hunts Point Chamber of Commerce
      Operates the Greater Hunts Point Chamber of Commerce as a membership arm to support local businesses and foster economic development in the South Bronx.
  • Affordable Housing Development and Management 1 activity
    • Real estate development of affordable housing and mixed-use facilities
      Develops 100% affordable mixed-use properties including The Peninsula and Spofford Redevelopment projects, delivering 183 deeply affordable homes and cultural arts centers with studio space for emerging artists, and has reached structural topping out on Phase Two of The Peninsula.
  • Workforce Readiness Training 1 activity
    • Workforce development and employment services
      Delivers workforce development programs including skills upgrading, employment placement, and connecting local job seekers with employers, particularly in the food manufacturing and distribution sectors.
financials · form 990EZ · fy2024
revenue
Total revenue$88K
Contributions & grants$78K89%
Program service revenue——
Investment income——
Other revenue$10K
expenses
Total expenses$19K
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits—
Grants paid out—
balance sheet
Total assets$175K
Cash—
Investments—
Liabilities—
Net assets$-117K
5 years on record · 2020–2024 · YoY revenue +20.5%
leadership · form 990 part vii · fy2024

Who runs it

board members · 2
  • JAMES LANFRANCHI — BOARD MEMBER
  • NICHOLAS MADIO — BOARD MEMBER
relationships · 64

Who they work with

  • Association for Neighborhood and Housing Development (ANHD) Partner — Partner organization engaged in tenant advocacy, affordable housing, and community development.
  • Bronx Chamber of Commerce Partner — Co-leads BronXchange, a business-to-business network connecting Bronx-based buyers and sellers.
  • Bronx Community Board 1 Government — Local government board providing community information and services for Mott Haven, Melrose, and Port Morris.
  • Bronx Community Board 2 Government — Local government board providing community information and services for Hunts Point, Longwood, and Morrisania.
  • Bronx Community Board 3 Government — Local government board serving Crotona Park, Claremont Village, Concourse Village, Woodstock, and Morrisania.
  • Bronx CookSpace Partner — Operates Bronx CookSpace as an incubator kitchen for small food businesses.
  • BronxWorks Partner — Community partner involved in the development of The Peninsula.
  • CalStart Funder — Sponsor of the 2023 Spring Mingle business networking summit.
  • Casita Maria Partner — Community partner contributing to arts and education programming within The Peninsula development.
  • Casita Maria Center for Arts & Education Partner — Partner organization empowering youth and families through arts, culture, and education in the South Bronx.
  • Center for NYC Neighborhoods Partner — Partner organization promoting and protecting affordable homeownership in New York City.
  • City Harvest Partner — Deployment partner in "The Bronx is Breathing" project, operating a fleet of refrigerated battery electric vehicles for zero-emission food delivery.
  • Department of Housing Preservation and Development (HPD) Government — City agency co-announcing and supporting the redevelopment of the former Spofford site into 100% affordable housing.
  • Empire Clean Cities Funder — Sponsor of the 2023 Spring Mingle business networking summit.
  • Gilbane Development Company Partner — Lead developer in the Peninsula, LLC joint venture responsible for redeveloping the former Spofford site.
  • Grassi Advisors & Accountants Funder — Sponsor of the 2023 Spring Mingle business networking summit.
  • Greater Hunts Point Chamber of Commerce Network — Serves as the membership arm of Greater Hunts Point EDC.
  • Hudson Companies Partner — Development partner in the Peninsula, LLC joint venture.
  • Hunts Point Alliance for Children Partner — Partner organization focused on education and youth development in Hunts Point.
  • Hunts Point Cooperative Market Partner — Partner organization involved in meat processing and distribution on the Hunts Point Peninsula.
  • Hunts Point Produce Market Partner — Partner organization involved in fruit and vegetable distribution on the Hunts Point Peninsula.
  • Iroquois Pipeline Funder — Sponsor of the 2023 Spring Mingle business networking summit.
  • Krasdale Foods Funder — Sponsor of the 2023 Spring Mingle business networking summit.
  • MWBE Leadership Association Partner — Collaborates to promote and foster the growth of local minority and women-owned businesses through certification and capacity-building services.
  • Manhattan Beer Distributors Partner — Partners in maritime freight pilot to deliver beer via waterways.
  • Mutual Housing Association of New York (MHANY) Partner — Development partner in the Peninsula, LLC joint venture, with prior community development work in Hunts Point since 2008.
  • NYC Council District 17 Government — Governmental partner representing Hunts Point and surrounding neighborhoods in the NYC Council.
  • NYC Department of Transportation Government — Lead agency partner in the NYC Clean Trucks Program, which originated in Hunts Point.
  • NYC Dept of Small Business Services Funder — Sponsor of the 2023 Spring Mingle business networking summit.
  • NYC Economic Development Corporation Government — Partnered with NYCEDC as sponsor on the Hunts Point Forward 15-year vision plan.
+ 34 more
strategies · 5

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.

  • Clean Transportation as Economic and Public Health Intervention
    methodology: clean_transportation_transition
    By transitioning freight and fleet operations to zero-emission technologies, we improve public health and generate local economic opportunity, because reducing air pollution directly benefits community well-being while green infrastructure investments create sustainable jobs in under-resourced neighborhoods.
  • Community-Driven Planning and Development
    methodology: community-driven_planning
    By centering community input in planning and development decisions, we produce more equitable and sustainable outcomes, because deep local engagement ensures that projects reflect actual needs and build collective ownership over economic change.
  • Equitable Economic Development through MWBE Capacity Building
    methodology: capacity-building_for_MWBEs
    By providing certification support and capacity-building to minority- and women-owned businesses, we advance equitable economic development, because targeted technical assistance enables historically marginalized entrepreneurs to compete for contracts and grow sustainably.
  • Integrated Workforce and Business Development
    methodology: integrated_workforce_and_business_development
    By connecting workforce development with small business support, we produce better employment outcomes and stronger local businesses, because training local workers and linking them directly to employers creates a self-reinforcing cycle of economic opportunity and enterprise growth.
  • Mixed-Use, Holistic Community Development
    methodology: mixed-use_live-work_development
    By integrating affordable housing, jobs, health services, and recreation in one development model, we produce more resilient communities, because co-locating essential services reduces barriers to access and fosters economic self-sufficiency.