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EIN 14-1941768

Hudson Yards Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
4
City
New York
State
New York
Year formed
2005
Most recent tax filings
2023-06-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
Hudson Yards Development Corporation manages and coordinates the implementation of New York City's economic initiatives for the redevelopment of Manhattan's Hudson Yards area. The organization contracts with outside legal counsel and other consultants to support property acquisition, design, and construction of public amenities like parks and boulevards. Additionally, the corporation oversees the extension of the No. 7 subway line to West 34th Street, contributing to the economic development of Manhattan.
Total revenues
$4,694,553
2023
Total expenses
$4,680,665
2023
Total assets
$2,334,399
2023
Num. employees
4
2023

Program areas at Hudson Yards Development Corporation

The organization contracts with outside legal counsel and other consultants for services in support of property acquisition, Development and design services, property management and construction management services.

Who funds Hudson Yards Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Pfizer FoundationVolunteer Program$50

Personnel at Hudson Yards Development Corporation

NameTitleCompensation
Cheehan T LeungVice President of Development$131,826
Lincoln PatelBoard Member$187,328
Susan GilTreasurer and Fiscal Manager$61,186
Angela CavaluzziPresident$238,380

Financials for Hudson Yards Development Corporation

RevenuesFYE 06/2023
Total grants, contributions, etc.$4,692,400
Program services$0
Investment income and dividends$2,153
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$4,694,553

Form 990s for Hudson Yards Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-01-26990View PDF
2022-062023-05-08990View PDF
2021-062022-05-11990View PDF
2020-062021-02-19990View PDF
2019-062019-12-30990View PDF
...and 9 more Form 990s
Data update history
June 1, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 6, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 30, 2023
Updated personnel
Identified 14 new personnel
May 16, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Receives government fundingManagement and technical assistanceTax deductible donationsAccepts online donations
General information
Address
1 Liberty Plaza 14fl
New York, NY 10006
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
hydc.org/ 
Phone
(212) 312-4267
IRS details
EIN
14-1941768
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2005
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
Independent
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