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EIN 13-2938457

Commonwealth Local Development Corp

IRS 501(c) type
501(c)(3)
Num. employees
0
City
New York
State
New York
Year formed
1977
Most recent tax filings
2023-06-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
Commonwealth Local Development Corp manages local development projects in Harlem and surrounding communities. Its mission is to stimulate overall economic development in the Harlem community through the creation of enterprises, generation of jobs and improvement of services. The corporation's portfolio of critical projects includes retail and commercial developments that benefit the general public.
Related structure
Commonwealth Local Development Corp is child organization, under the parent exemption from Harlem Commonwealth Council (HCC).
Also known as...
Harlem Commonwealth Council
Total revenues
$1,247,682
2023
Total expenses
$545,275
2023
Total assets
$14,754,330
2023
Num. employees
0
2023

Program areas at Commonwealth Local Development Corp

CLDC IS A LOCAL DEVELOPMENT CORPORATION THAT MANAGES LOCAL DEVELOPMENT PROJECTS IN HARLEM AND SURROUNDING COMMUNITIES. THE PORTFOLIO OF PROJECTS INCLUDES RETAIL AND COMMERCIAL DEVELOPMENTS WHICH HAVE BEEN CRITICAL IN THE ECONOMIC DEVELOPMENT OF THE LOCALS OF HARLEM ECONOMY. HUNDREDS OF JOBS HAVE BEEN CREATED AND RETAINED IN VARIOUS SECTORS AND ARE AVAILABLE TO RESIDENTS OF THE COMMUNITY. THE ORGANIZATIONS OVERALL WORK PROMOTES THE ECONOMIC VIBRANCY AND GENERAL WELFARE OF THE COMMUNITY AND it's RESIDENTS.

Personnel at Commonwealth Local Development Corp

NameTitleCompensation
E Hamil DouglasPresident and Chief Executive Officer$70,601
Joseph L. TaitBoard Director$35,000
Suzanne HurleyVice President$32,325
Portia WhittierDirector of Human Resources
Ericka Powell-SinclairSenior Director, Loan Fund and Portfolio Management
...and 8 more key personnel

Financials for Commonwealth Local Development Corp

RevenuesFYE 06/2023
Total grants, contributions, etc.$0
Program services$1,233,850
Investment income and dividends$13,832
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,247,682

Form 990s for Commonwealth Local Development Corp

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-15990View PDF
2022-062023-05-15990View PDF
2021-062022-05-16990View PDF
2020-062021-05-26990View PDF
2019-062021-02-05990View PDF
...and 9 more Form 990s
Data update history
October 25, 2024
Updated personnel
Identified 2 new personnel
August 1, 2024
Updated personnel
Identified 1 new personnel
July 9, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 6, 2024
Used new vendors
Identified 1 new vendor, including
January 31, 2024
Updated personnel
Identified 1 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsChapter / child organizationsCharities
Issues
Human servicesCommunity improvementHousingEconomic development
Characteristics
Tax deductible donationsNo full-time employeesAccepts online donations
General information
Address
361 W 125th St
New York, NY 10027
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
harlemcommonwealth.org/ 
Phone
(212) 749-0900
IRS details
EIN
13-2938457
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1977
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Child within group exemption
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