irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $634KOUR EDUCATION PLAN BRINGS A HOLISTIC APPROACH TO ACADEMIC ACHIEVEMENT THROUGH PARTNERSHIPS WITH TRADITIONAL PUBLIC SCHOOLS IN NEW YORK CITY' SCHOOL DISTRICT 5. OUR OBJECTIVE IS TO ENSURE THAT STUDENTS CAN LEARN, GROW AND EXCEL TO BE PREPARED FOR COLLEGE; FAMILIES ARE ENGAGED AS PARTNERS; AND FACULTY OPERATE AS A COMMUNITY OF LEADERS, SHARING BEST PRACTICES AND COMMUNITY RESOURCES. OUR DIRECT SERVICES INCLUDE COLLEGE/CAREER PREPARATORY SERVICES, STEM CLASSROOM CURRICULUM ENHANCEMENTS, AFTER-SCHOOL TUTORING TO SUPPORT STUDENTS PERFORMING JUST BELOW GRADE-LEVEL PROFICIENCY, AND CO-SPONSORING A DISTRICT-WIDE ANNUAL STEM EXPO.
- #2 $65KOUR HARLEM ECONOMIC LITERACY PROGRAM PROVIDES FINANCIAL LITERACY AND HOME-OWNERSHIP COUNSELING SERVICES TO FIRST-TIME HOMEBUYERS THROUGH WORKSHOP TRAINING, CASE MANAGEMENT SERVICES, AND GRANT APPLICATION ASSISTANCE.
named programs · 3 · from sources
What they call their work
Abyssinian Towers Senior Services
Offers affordable housing and supportive services for seniors aged 60+ in Central Harlem, including case management, health and wellness activities, social and recreational programs, and support for aging in place through the AdvantAge Community model.
Education Initiative - School District 5
Partners with public schools in Harlem’s District 5 to support academic achievement through after-school tutoring, STEM curriculum enhancements, college and career preparation, and co-sponsorship of an annual district-wide STEM Expo.
Harlem Economic Literacy Program (H.E.L.P.)
Provides financial literacy and homeownership counseling through pre-purchase and post-purchase education, individual case management, and assistance with grant applications for down payment assistance. Offers a four-part virtual workshop for first-time homebuyers in NYC.
activities · 6 groups
What they do
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Neighborhood Revitalization Initiatives 1 activity
- Comprehensive community development in HarlemImplements long-term community and economic development initiatives to build human, social, and physical capital in Harlem, including neighborhood revitalization and resident empowerment through tools and resources.
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Low-Income Senior Housing Operations 1 activity
- Development and management of affordable senior housingBuilt and operates Abyssinian Towers, a 100-unit affordable housing project for low-income seniors, and previously operated a Home for the Aged serving 17 seniors at 732 St. Nicholas Ave for 12 years.
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Hands-On STEM Education Programs 1 activity
- Education and STEM enrichment programs for studentsProvides college and career preparatory services, after-school tutoring, STEM curriculum enhancements, and co-sponsors an annual district-wide STEM expo for students in New York City School District 5.
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First-Time Homebuyer Support Services 1 activity
- Financial literacy and homeownership counselingOffers financial literacy education and homeownership counseling through workshops, case management, and grant application assistance, including virtual workshops and a four-part series covering NYC HPD's Homefirst Downpayment Assistance program for low- and moderate-income New York City residents.
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Senior Independence Support Services 1 activity
- Senior supportive services and aging-in-place programsProvides comprehensive support services for seniors including case management, care planning, health coordination, fitness and wellness programs, educational workshops, and social activities such as weekly bingo, movie nights, and holiday events to promote healthy aging and independence.
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Uncategorized 1 activity
- Harlem Naturally Occurring Retirement Community (NORC) programSpearheaded the Harlem NORC, a coordinated care delivery and referral system launched after a 2009 community survey to support seniors in aging in place through integrated services and partnerships.
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financials · form 990 · fy2024
revenue
Total revenue$31.93M
Contributions & grants$235K1%
Program service revenue$10.72M34%
Investment income$20.61M65%
Other revenue$362K
expenses
Total expenses$23.21M
Program expenses89%
Admin / overhead11%
Fundraising0%
Salaries & benefits$2.66M
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$118.15M
Cash$12.99M
Investments$797K
Liabilities$98.50M
Net assets$19.66M
Liquid reserves7.1 mo
5 years on record · 2020–2024 · YoY revenue +171.8%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 1
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| PRINCESS PALMER | COO/CFO | 35 | $154K |
board members · 10
- ALVIN VINSON TREASURER — HUMAN RESOURCES COMMITTEE
- DARRYL WILLIAMS — BOARD MEMBER
- DR CYNTHIA BARNES — BOARD MEMBER
- DR DEBORAH ALLEN — BOARD MEMBER
- DR SANDYE JOHNSON — BOARD MEMBER
- G ANTHONY ANDERSEN JOINT CHAIR OF — REAL ESTATE & FINANCE COMM
- GERRI WARREN-MERRICK — BOARD MEMBER
- LARRY DAIS — CHAIR OF AUDIT COMMITTEE
- PHILIP ISOM — BOARD MEMBER
- TIMOTHY C NASH JR — SECRETARY
relationships · 9
Who they work with
- Abyssinian Baptist Church Partner — Historical and ongoing partner in senior services, including founding support for ADC and early operation of a Home for the Aged.
- Harlem Network — Primary community served by ADC's programs and services.
- Marthalicia Matarrita Partner — Harlem-based muralist commissioned to design and paint a custom mural reflecting Harlem's culture and history in the Community Room.
- NYC HPD Government — Provides education on NYC HPD's Homefirst Downpayment Assistance program within homeownership workshops.
- New York City School District 5 Partner — Partnership to deliver educational programs including college/career preparation, STEM activities, and after-school tutoring.
- New York Junior League Partner — Provided a Community Improvement Project grant to support the redesign of the Community Room at Abyssinian Towers.
- Reverend Dr. Calvin O. Butts III Partner — Longtime leader and central figure in the organization for over three decades.
- The Abyssinian Baptist Church Partner — Partner organization whose parishioners were mobilized to launch community rebuilding efforts.
- US Department of Housing and Urban Development Government — Federal agency whose HUD 202 program supports the development and operation of affordable senior housing with services at Abyssinian Towers.
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.
- Community-Driven Empowermentmethodology: community-driven_empowermentBy placing tools and resources directly in the hands of residents, we foster self-sufficiency and goal attainment because sustainable change emerges from within communities when people have agency over their development.
- Cradle-to-Career Educational Continuitymethodology: cradle-to-career_educationBy providing continuous educational support from early childhood through college and career, we improve academic and life outcomes because sustained, long-term engagement reduces dropout risks and increases opportunity access.
- Faith-Based Grassroots Mobilizationmethodology: faith-based_community_developmentBy mobilizing faith community members to lead block-by-block rebuilding efforts, we achieve holistic community development because shared moral purpose and local trust accelerate collective action and long-term commitment.
- Family-Centered Community Developmentmethodology: family-centered_community_developmentBy strengthening the family unit across all life stages—from early childhood to seniors—we produce more resilient communities because family stability is foundational to long-term neighborhood revitalization and collective well-being.
- Homeownership as Economic Anchoringmethodology: homeownership-developmentBy promoting homeownership, we build family assets and economic mobility, which in turn creates community stability because property ownership fosters long-term investment in neighborhoods and intergenerational wealth.