NDC Housing and Economic Development Corporation
Revenue
$13.3m
year to 31 December 2024
Expenses
$12.8m
year to 31 December 2024
Total assets
$44.2m
$25.7m liabilities
Net assets
$18.5m
assets less liabilities
Directors and trustees
8
8.2 years on average
Staff
0
employees, year to 31 December 2024
Left since last filing
0
no seats appear to have opened
Officers and senior staff
2
named in Part VII
NDC Housing and Economic Development Corporation's network
8 people3 organisationsi8 people and 3 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (8). Violet dotted lines (14) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
8 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 8 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Adam Ennis | Bord Member/COO | 2018 | 8 yrs |
| Charley Depew | Board Member | 2018 | 8 yrs |
| Daniel Marsh III | President/Board Member | 2018 | 8 yrs |
| David J Trevisani | Board Memberr/VP | 2018 | 8 yrs |
| Kevin Gremse | Board Member | 2018 | 8 yrs |
| Michael Griffin | Board Member | 2018 | 8 yrs |
| Raquel Favela | Board Member | 2020 | 6 yrs |
| Stephanie Dugan | Board Member | 2018 | 8 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
2 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Daniel Choi | Vice President | since 2023 |
| Jennifer Vertrees | Company secretary | since 2022 |
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Adam Ennis | Bord Member/COO | 20 | $0 | $351k | $93k |
| Charley Depew | Board Member | 1 | $0 | $255k | $39k |
| Daniel Marsh III | President/Board Member | 4.4 | $0 | $531k | $74k |
| David J Trevisani | Board Memberr/VP | 6 | $0 | $284k | $125k |
| Kevin Gremse | Board Member | 1 | $0 | $274k | $101k |
| Michael Griffin | Board Member | 45.5 | $0 | $366k | $85k |
| Raquel Favela | Board Member | 1 | $0 | $294k | $39k |
| Stephanie Dugan | Board Member | 28 | $0 | $251k | $91k |
| Daniel Choi | Vice President | 12.5 | $0 | $271k | $61k |
| Jennifer Vertrees | Secretary | 25.5 | $0 | $114k | $88k |
About
- Legal name
- NDC Housing and Economic Development Corporation
- EIN
- 112933129
- Address
- 633 Third Ave 19j, New York, NY, 10017-6706
- State
- New York
- Mission
- Ndc housing and economic development corporation was organized for the following charitable purposes:a. To construct new low income housing and to develop, manage, operate, promote, fund, and support existing low (cont. On schedule o) (as filed on the Form 990)
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Size band
- 8 (IRS master file code)
- Formed
- 1988
- Principal officer
- Daniel Marsh III (as named on the Form 990)
- IRS ruling date
- 1 November 1988
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 6, latest 2024
- IRS Publication 78
- GROUP
Most connected
Related organisations (Schedule R)
RelatedLOANS AT BELOW-MARKET RATES FOR ECONOMIC DEVELOPMENTGrow America Fund IncRelatedECON DEV/ASSIST GOV'T/HOUSINGNational Council for Community DevelopmentRelatedECON DEV/ASSIST GOV/HOUSINGNDC Housing & Economic Development Corporation-Group ReturnRelatedSUPPORT NDCNDC Support I Inc
Longest observed on the filings
≥8years on the filingsAdam Ennis
≥8years on the filingsCharley Depew
≥8years on the filingsDaniel Marsh III
≥8years on the filingsDavid J Trevisani
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $44.2m
- Total liabilities
- $25.7m
- Net assets or fund balances
- $18.5m
- Contributions and grants received
- $1.3m
- Program service revenue
- $12m
- Grants and similar paid out
- $5.6m
- Employees
- 0
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $13.3m | $12.8m | $508k |
As filed on the IRS Form 990. US dollars.
Grants paid
3 listediFrom Schedule I of the Form 990: grants and assistance to organisations in the United States, largest first (up to 25). Schedule I is filed only by organisations that gave more than $5,000 to any one recipient.| Recipient | Purpose | Amount |
|---|---|---|
| National Council for Community Development | Support general operations | $5.5m |
| A Edison Development Corporation | Support general operations | $66k |
| B Community Development Properities Wilson Inc | Support general operations | $8k |