COMMON MAPS
Map version new-york activity top-down
Main site Contact
Menu
↑ parent activity group ·
research dossier

QUEENS ECONOMIC DEVELOPMENT CORPORATION
KEW GARDENS, NY · EIN 112436149 · Form 990 · FY2024 · NTEE S30Z · Community Improvement · Medium ($1M-$10M)
revenue
$4.2M
expenses
$4.2M
net assets
$2.3M
employees
19
program ratio
87%
mission · from form 990

The Organization creates and retains jobs through establishing programs throughout neighborhoods that assist small businesses and promote tourism and business development.

profile · synthesized from sources

Queens Economic Development Corporation creates and retains jobs by supporting small businesses and fostering neighborhood economic development in Queens, NY. The organization operates programs that provide commercial kitchen and office space for food entrepreneurs, offer business counseling, and improve local commercial districts through merchant support and graffiti removal. It also promotes tourism in the borough.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $548K
    ENTREPRENEUR SPACE:PROVIDES A COMMERCIAL KITCHEN AND OFFICE SPACE FOR NEW ANDGROWING FOOD-BASED BUSINESSES.THE INCUBATOR HAS ALL THE NECESSARY EQUIPMENTAND RESOURCES TO START A FOOD MANUFACTURING BUSINESS. THE INCUBATOR ALSOPROVIDES TECHNICAL AND BUSINESS COUNSELING AS WELL AS MARKETING OPPORTUNITIES.
  2. #2 $365K
    NEIGHBORHOOD DEVELOPMENT:WORKING WITH LOCAL BUSINESSES AND NEWLY FORMED MERCHANT'SORGANIZATIONS, THE QEDC PROVIDES ORGANIZATIONAL ASSISTANCE AND ADVICE TO IMPROVETHE MICRO-ECONOMY OF TARGETED NEIGHBORHOODS.QEDC ALSO PROVIDES GRAFFITI REMOVALPROGRAMS IN SEVERAL COMMUNITIES.THE PROGRAM ALSO PROMOTES TOURISM IN QUEENS.
named programs · 2 · from sources

What they call their work

Entrepreneur Space
Provides commercial kitchen and office space for new and growing food-based businesses, including equipment, technical assistance, business counseling, and marketing opportunities.
Neighborhood Development
Supports local businesses and merchant organizations with organizational assistance to strengthen neighborhood micro-economies; includes graffiti removal and tourism promotion in Queens.
activities · 3 groups

What they do

  • Shared Kitchen Incubator for Food Entrepreneurs 1 activity
    • Operating a commercial kitchen and office space incubator for food-based businesses
      Provides shared commercial kitchen space, office facilities, equipment access, technical counseling, business support, and marketing opportunities to new and growing food-based enterprises in Queens.
  • Public Space Beautification and Maintenance 1 activity
    • Operating graffiti removal programs and promoting tourism in Queens
      Runs community improvement initiatives including graffiti removal efforts and tourism promotion activities to enhance the economic and physical environment of Queens neighborhoods.
  • Small Business Technical Assistance 1 activity
    • Providing organizational assistance and advisory services to local businesses and merchant groups
      Offers support and guidance to local businesses and merchant organizations in targeted neighborhoods in Queens to strengthen micro-economies, including operational advice and capacity-building services.
financials · form 990 · fy2024
revenue
Total revenue$4.21M
Contributions & grants$3.75M89%
Program service revenue$460K11%
Investment income$00%
Other revenue$239
expenses
Total expenses$4.18M
Program expenses87%
Admin / overhead10%
Fundraising3%
Salaries & benefits$1.82M
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$2.74M
Cash$1.21M
Investments$0
Liabilities$439K
Net assets$2.30M
Liquid reserves3.5 mo
5 years on record · 2020–2024 · YoY revenue +22.4%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
Seth Bornstein Executive Dir. 35 $200K
board members · 15
  • Aaron Fernandez — MEMBER
  • Anita Srivastava — President
  • Brian Reynolds — MEMBER
  • Danny Rojas — Vice President
  • David Sands — MEMBER
  • Jeff Lambert — MEMBER
  • Mark Lucaj — MEMBER
  • Omar Baptiste — MEMBER
  • Philippa Karleron — MEMBER
  • Ryan Walsh — MEMBER
  • Shurm Anderson — MEMBER
  • Stephen Levin — MEMBER
  • Verdia Noel — Secretary
  • Victor Hunt — MEMBER
  • Winston Crosswell — MEMBER
relationships · 2

Who they work with

  • local businesses Partner — Collaborates with local businesses to improve neighborhood micro-economies through organizational assistance and development programs.
  • merchant's organizations Partner — Works with newly formed merchant organizations to provide organizational support and advice for economic improvement in targeted neighborhoods.
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.

  • Integrated Business Incubation
    methodology: business_incubation
    By providing physical infrastructure, business development resources, and market access together, we increase success and growth rates for food-based entrepreneurs because bundled support reduces systemic barriers to entry and operation.
  • Place-Based Economic Development
    methodology: place-based_economic_development
    By combining business support with neighborhood beautification and tourism promotion, we stimulate local economic activity because physical and social improvements increase foot traffic, consumer engagement, and entrepreneurial viability in targeted areas.