Yonkers Downtown Waterfront Development Corporation
- Assets
- $300.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Yonkers, NY
- Founding
- 07/1997
- Data as of
- 12/2021
- EIN
- 13-3798295
Organization Overview
Yonkers Downtown Waterfront Development Corporation is located in Yonkers, NY. The organization was established in 1997. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yonkers Downtown Waterfront 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 12/2021, Yonkers Downtown Waterfront Development Corporation generated $69.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (72.5%) each year. All expenses for the organization totaled $17.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION IS IN THE PROCESS OF WINDING DOWN ITS OPERATIONS. AS A RESULT, IT DID NOT CONDUCT ANY PROGRAM RELATED OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wilson Kimball Exectuvie Director | 0.5 | $0 | |
Mayor Mike Spano Chair | 1 | $0 | |
Jim Cavanaugh Deputy Mayor | 1 | $0 | |
John Liszewski Treasurer | 0.5 | $0 | |
Jerrold Goldman Board Member | 0.5 | $0 | |
William Mascetta Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $69 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $69 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $13,600 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,621 |
| Total expenses | $17,221 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $300,033 |
| Other assets | $0 |
| Total assets | $300,838 |
| Total liabilities | $25,672 |
| Net assets or fund balances | $275,166 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Jamaica Development Corp Jamaica, NY | $43,416,674 | $8,397,998 |
South Bronx Overall Economic Development Corporation Bronx, NY | $11,273,834 | $9,485,057 |
Dorchester Bay Economic Development Corporation Dorchester, MA | $50,118,730 | $16,286,134 |
National Basketball Association Foundation New York, NY | $26,984,536 | $31,000,000 |
Newark Downtown District Management Corporation Newark, NJ | $7,203,712 | $5,205,083 |
Rdc Commercial Center Inc Brooklyn, NY | $15,313,985 | $4,091,889 |
Pittsburgh Downtown Partnership Pittsburgh, PA | $5,197,454 | $6,457,703 |
Grow America Fund Inc Brooklyn, NY | $143,748,091 | $12,181,976 |
Upper Manhattan Empowerment Zone Development Corporation New York, NY | $90,632,786 | $3,433,188 |
Enterprise Center Philadelphia, PA | $14,775,584 | $14,297,548 |
Pidc Community Capital Philadelphia, PA | $51,592,924 | $9,506,766 |
Hester Street Collaborative Inc New York, NY | $3,142,438 | $5,168,829 |