NonprofitsAbyssinian Development Corporation

Abyssinian Development Corporation

NEW YORK, NY

Total revenue

$31.9M

Total expenses

$23.2M

Net assets

$19.7M

Grants received

$278K

6 grants

EIN

133552154

Tax year

2024

Mission

A comprehensive community development through affordable housing for low and moderate income families, educational programs, and first time home-buyer training to the harlem community of new york city.

Programs

2 programs

Our 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.

Expenses: $634K

Our 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.

Expenses: $65K

Financials

FY 2024

Revenue

Contributions & grants$235K
Program service revenue$10.7M
Investment income$20.6M
Other revenue$362K
Total revenue$31.9M

Expenses

Grants paid
Salaries & benefits$2.7M
Fundraising$112K
Other expenses$20.6M
Total expenses$23.2M
Total assets$118.2M
Net assets$19.7M

People

11 listed

NameRoleCompensation

PRINCESS PALMER

COO/CFO

Board

$145K

35 hrs/wk

ALVIN VINSON TREASURER

HUMAN RESOURCES COMMITTEE

Board

1 hrs/wk

DR DEBORAH ALLEN

BOARD MEMBER

Board

1 hrs/wk

G ANTHONY ANDERSEN JOINT CHAIR OF

REAL ESTATE & FINANCE COMM

Board

2.5 hrs/wk

LARRY DAIS

CHAIR OF AUDIT COMMITTEE

Board

1.5 hrs/wk

DR CYNTHIA BARNES

BOARD MEMBER

Board

1 hrs/wk

GERRI WARREN-MERRICK

BOARD MEMBER

Board

1 hrs/wk

PHILIP ISOM

BOARD MEMBER

Board

1.5 hrs/wk

DARRYL WILLIAMS

BOARD MEMBER

Board

1.5 hrs/wk

TIMOTHY C NASH JR

SECRETARY

Board

2 hrs/wk

DR SANDYE JOHNSON

BOARD MEMBER

Board

5 hrs/wk

Grants received

Showing 6 of 6

FromAmountPurposeYear
$10K
CAPACITY BUILDING
2023
$10K
GENERAL SUPPORT
2023
$1K
GENERAL OPERATING SUPPORT
2020
$250K
General support
2019
$5K
INCREASE AVAILABILITY OF QUALITY HOUSING TO PEOPLE OF DIVERSE HOMES AND ENHANCE DELIVERY OF SOCIAL SERVICES.
2018
$2K
GENERAL OPERATING SUPPORT
2018

Funded by

$278K from 5 funders · 6 grants · 2018–2023

Jewish Communal Fund

$250K · 1 grant · 2019

New Venture Fund

$10K · 1 grant · 2023

Impactassetsinc

$10K · 1 grant · 2023

Fridman-Hellman Foundation Inc

$5K · 1 grant · 2018

Jpmorgan Chase Foundation

$3K · 2 grants · 2018–2020

Details

EIN133552154
Subsection03
Ruling date1994-06
Formed1989
Employees24
Volunteers0
ABYSSINIAN DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo