Manhattan Valley Development Corporation
- Assets
- $1.2m
- Revenue
- $386.2k
- Investments
- $0.0
- Employees
- 4
- Location
- New York, NY
- Founding
- 08/1988
- Data as of
- 06/2020
- EIN
- 13-2628511
Organization Overview
Manhattan Valley Development Corporation is located in New York, NY. The organization was established in 1988. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2020, Manhattan Valley Development Corporation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Manhattan Valley Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Manhattan Valley Development Corporation generated $386.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $457.5k during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE NEIGHBORHOOD PLANNING, PRESERVATION, AND DEVELOPMENT IN THE UPPER WEST SIDE OF MANHATTAN, KNOW AS MANHATTAN VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRELIMINARY PHASE OF HOUSING DEVELOPMENT: PREPARATION, IDENTIFICATION, PLANNING AND EXPLORATION OF ALL POTENTIAL PROGRAMS TO BE PUT INTO EFFECT IN MANHATTAN VALLEY. INTERFACE WITH OTHER COMMUNITY INTERESTS, SPONSORS, BLOCK ASSOCIATIONS, LANDLORDS AND TENANTS FOR THE PURPOSE OF DEVELOPING, PRESERVING AND FINANCING LOW- INCOME HOUSING.
PROVIDES HOUSING TO MODERATE INCOME INDIVIDUALS IN THE COMMUNITY.
IMPLEMENTATION OF ALL APPROVED PLANNING IDEAS DEVELOPMENT THROUGH THE NPP PROGRAM, INCLUDING HEARINGS FOR APPROVAL BY THE COMMUNITY BOARD, IDENTIFICATION OF FINANCING, TOOLS, SUBSIDIES, GRANTS, LOANS, ETC., SELECTION OF DEVELOPMENT TEAM, ARCHITECT, ATTORNEY, ETC.
ASSISTANCE IN CREATING AND LOCATING FACILITIES FOR A COMMUNITY CHILD CARE PROGRAM. BUILD AND MAINTAIN A PLAYGROUND USED EXCLUSIVELY BY THE DAY CARE PROGRAM. THE ACTUAL PROGRAM IS RUN BY AN UNRELATED ENTITY.
PRELIMINARY PHASE OF HOUSING DEVELOPMENT: PREPARATION, IDENTIFICATION, PLANNING AND EXPLORATION OF ALL POTENTIAL PROGRAMS TO BE PUT INTO EFFECT IN MANHATTAN VALLEY. INTERFACE WITH OTHER COMMUNITY INTERESTS, SPONSORS, BLOCK ASSOCIATIONS, LANDLORDS AND TENANTS FOR THE PURPOSE OF DEVELOPING, PRESERVING AND FINANCING LOW- INCOME HOUSING.
PROVIDES HOUSING TO MODERATE INCOME INDIVIDUALS IN THE COMMUNITY.
IMPLEMENTATION OF ALL APPROVED PLANNING IDEAS DEVELOPMENT THROUGH THE NPP PROGRAM, INCLUDING HEARINGS FOR APPROVAL BY THE COMMUNITY BOARD, IDENTIFICATION OF FINANCING, TOOLS, SUBSIDIES, GRANTS, LOANS, ETC., SELECTION OF DEVELOPMENT TEAM, ARCHITECT, ATTORNEY, ETC.
ASSISTANCE IN CREATING AND LOCATING FACILITIES FOR A COMMUNITY CHILD CARE PROGRAM. BUILD AND MAINTAIN A PLAYGROUND USED EXCLUSIVELY BY THE DAY CARE PROGRAM. THE ACTUAL PROGRAM IS RUN BY AN UNRELATED ENTITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Baez Executive Director | Officer | 25 | $56,178 |
Sandra B Powers Treasurer | Trustee | 5 | $0 |
Mildred Dweck Vice President | Trustee | 20 | $0 |
Tyrone Green Director | Trustee | 1 | $0 |
John Duffel Director | Trustee | 1 | $0 |
Bradford Winston President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,193 |
| Investment income | $5,533 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $43,159 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $386,235 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $50,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $178,256 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,135 |
| Fees for services: Management | $7,189 |
| Fees for services: Legal | $1,886 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $32,336 |
| Royalties | $0 |
| Occupancy | $4,885 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $105 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,480 |
| Insurance | $16,106 |
| All other expenses | $0 |
| Total functional expenses | $457,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $547,180 |
| Savings and temporary cash investments | $1,233 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,183 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $24,842 |
| Investments—publicly traded securities | $188,361 |
| Investments—other securities | $0 |
| Investments—program-related | $93,700 |
| Intangible assets | $0 |
| Other assets | $23,308 |
| Total assets | $1,211,360 |
| Accounts payable and accrued expenses | $22,377 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $291,505 |
| Total liabilities | $313,882 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $897,478 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Urban Affairs Coalition Philadelphia, PA | $25,704,306 | $97,554,481 |
Brooklyn Navy Yard Development Corporation Brooklyn, NY | $543,633,704 | $68,378,369 |
Cent For Urban Community Svcs New York, NY | $78,734,129 | $72,768,234 |
The Community Preservation Corporation New York, NY | $1,407,109,282 | $65,839,600 |
Quincy Community Action Programs Inc Quincy, MA | $14,865,186 | $43,148,267 |
Westchester Community Opportunity Program Inc Elmsford, NY | $7,932,264 | $37,716,573 |
Reinvestment Fund Inc Philadelphia, PA | $609,259,384 | $44,624,452 |
St Nicks Alliance Corp Brooklyn, NY | $44,353,994 | $35,596,992 |
National Council For Community Development Inc Brooklyn, NY | $24,193,687 | $38,165,020 |
The Community Action Organization Of Western New York Inc Buffalo, NY | $11,956,609 | $31,001,421 |
Community Action Pioneer Valley Inc Greenfield, MA | $7,969,732 | $29,838,934 |
Citizens For Citizens Inc Fall River, MA | $12,279,316 | $29,399,731 |