Program areas at Downtown Manhattan Community Development Corporation
RENTAL ACTIVITIES Maintain and provide regulated apartment housing at 1 Pike St, NY, NY. Building has 16 units and 3 commercial spaces
REAL ESTATE DEVELOPMENT Technical assistance consultant for other non profit developers for local NYC HPD affordable housing programs such as The Chinatown/Les Aquisition program for affordable rental preservation, and NYSERDA for energy retrofit upgrades to older buildings in Manhattan.Number of individual clients within those affordable housing programs is approx 300.
NEIGHBORHOOD PRESERVATION Provide technical assistance to local housing non profit developers, feasibility analyses, financing , underwriting, aquisition , preservation, construction management, asset management and energy rehab of affordable housing in Lower Manhattan. Clients served and benefited were approximately 300 local residents generally earning 80 of the area median income or less, particularly of immigrant background
Personnel at Downtown Manhattan Community Development Corporation
| Name | Title | Compensation | Date of data |
|---|
| Thomas Yu | Chief Executive Officer | $0 | 2023-07-12 |
| Sze Leong Yu | Executive Director | $277,769 | 2022-12-31 |
| Chris Mallios | Chief Financial Officer | | 2017-10-12 |
| Fred Hung | Past Chief Financial Officer | | 2014-10-14 |
Financials for Downtown Manhattan Community Development Corporation
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $112,175 | $122,925 | -8.7% |
| Program services | $708,169 | $689,392 | 2.7% |
| Investment income and dividends | $40,613 | $40,641 | -0.1% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $6,322 | $2,893 | 118.5% |
| Total revenues | $867,279 | $855,851 | 1.3% |
Organizations like Downtown Manhattan Community Development Corporation
| Organization | Type | Location | Revenue |
|---|
| Lowell Community Development Corporation | 501(c)(3) | Fresno, CA | $1,090,500 |
| West Oak Lane Community Development Corporation | 501(c)(3) | Philadelphia, PA | $257,628 |
| Desales Community Development | 501(c)(3) | Saint Louis, MO | $1,657,631 |
| Mount Pleasant Now Development Corpation | 501(c)(3) | Cleveland, OH | $483,363 |
| Danville Neighborhood Development Corporation | 501(c)(3) | Danville, VA | $368,572 |
| Frayser Community Development Corporation | 501(c)(3) | Memphis, TN | $1,364,611 |
| Charleston Area Community Development Ment Corporation | 501(c)(3) | Charleston, SC | $401,399 |
| Union Miles Development Corporation | 501(c)(3) | Cleveland, OH | $967,802 |
| Summit Hill Community Development Corporation | 501(c)(3) | Bloomington, IN | $1,030,154 |
| Coastal Community Development Corporation | 501(c)(3) | Hilton Head Island, SC | $272,962 |
Data update history
August 24, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 19, 2023
Updated personnel
Identified 2 new personnel
August 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 21, 2021
Posted financials
Added Form 990 for fiscal year 2019
July 7, 2021
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHousing and shelter organizationsCharities
Issues
Human servicesCommunity improvementHousing
Characteristics
Receives government fundingManagement and technical assistanceTax deductible donations
General information
- Address
- 141 Norfolk St
- New York, NY 10002
- Metro area
- New York-Newark-Jersey City, NY-NJ-PA
- County
- New York County, NY
- Phone
- (212) 477-2265
IRS details
- EIN
- 13-3784406
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1994
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- L25: Housing Rehabilitation
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Independent
Free account sign-up
Want updates when Downtown Manhattan Community Development Corporation has new information, or want to find more organizations like Downtown Manhattan Community Development Corporation?
Create free Cause IQ account