Abyssinian Development Corporation
A comprehensive community development corporation focused on providing affordable housing to low and moderate income families and social services, principally educational programs in the areas of college/career readiness, stem, and district-based initiatives to improve student outcomes and homeownership workshops for first-time home buyers.
Key facts about Abyssinian Development Corporation
In short: Abyssinian Development Corporation gave $8K across 1 grant in 2024 (avg $8K), mostly in New York. Source: 2024 IRS Form 990 filing.
- EIN
- 13-3552154
- Latest 990 filing
- Form 990 filing, 2024
- Annual giving (2024)
- $7,599
- Grants made (2024)
- 1
- Average grant
- $7,599
- Median grant
- $7,599
- Total assets
- $118,153,697
- Primary geography
- New York (100% of itemized 2024 grant dollars)
Data from IRS Form 990 filing, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990 filing · View filing
Total Assets
$118.2M
+23.5% YoY
Annual Giving
$8K
-55.6% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$8K
-55.6% YoY
How Abyssinian Development Corporation gives
- Giving fell 92% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
About Abyssinian Development Corporation
Based on IRS filings
Abyssinian Development Corporation is a nonprofit organization focused on Black/African people, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $118.2M in total assets. In 2024, it awarded 1 grant totaling $8K. Net investment income was $20.6M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $8K (2024) to $96K (2021). In 2024 it made 1 grant totaling $8K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Youth on the Move in the Community ($8K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 4 grants of 5 (80%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Youth on the Move in the Community New York, NY | Youth Athletic Programs | $7,599 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $118,153,697 | $95,675,744 | $101,310,476 |
| Revenue | $31,927,796 | $11,745,428 | $9,714,669 |
| Expenses | $23,209,578 | $17,192,373 | $16,057,006 |
| Net Investment Income | $20,614,509 | $123,182 | $-151,096 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Abyssinian Development Corporation is led by Larry Dais, Chair of Audit Committee on every filing since 2020; 1 of 11 officers listed in 2024 is compensated.
Officers on the 2024 filing
Larry Dais
Chair of Audit Committee
On filings since 2020
1.5 hrs/week
No compensation reported
Princess Palmer
COO & CFO
On filings since 2020
35 hrs/week
$145K (2020) → $145K (2024)
Cynthia Barnes
Board Member
Secretary → Board Member, 2022
On filings since 2020
1 hr/week
No compensation reported
Deborah Allen
Board Member
On filings since 2020
1 hr/week
No compensation reported
G. Anthony Andersen Joint Chair Of
Real Estate & Finance Committee
On filings since 2020
2.5 hrs/week
No compensation reported
Gerri Warren-Merrick
Board Member
On filings since 2020
1 hr/week
No compensation reported
Philip Isom
Board Member
On filings since 2020
1.5 hrs/week
No compensation reported
Sandye Johnson
Board Member
On filings since 2020
5 hrs/week
No compensation reported
Alvin Vinson Treasurer
Human Resources Committee
On filings since 2021
1 hr/week
No compensation reported
Darryl Williams
Board Member
On filings since 2021
1.5 hrs/week
No compensation reported
Timothy C. Nash Jr.
Secretary
On filings since 2022
2 hrs/week
No compensation reported
Former officers (3)
- Former: Calvin O. Butts III (2020–2022) — Chair
- Former: Sandra Johnson (2021–2022) — Board Member
- Former: Alvin Vinson Treasurer Chair (2020) — Human Resources Committee
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $145K, to Princess Palmer (COO/CFO).
Frequently asked questions about Abyssinian Development Corporation
How much does Abyssinian Development Corporation give each year?
Abyssinian Development Corporation gave $8K across 1 grant in 2024, according to its 2024 IRS Form 990 filing. In 2023 it gave $17K across 1 grant.
How large is Abyssinian Development Corporation?
Abyssinian Development Corporation reported $118.2M in total assets on its 2024 IRS Form 990 filing. Its revenue that year was $31.9M.
What is Abyssinian Development Corporation?
Abyssinian Development Corporation is a nonprofit organization focused on Black/African people, based in New York, NY. It holds $118.2M in total assets as of 2024.
Where does Abyssinian Development Corporation operate?
Abyssinian Development Corporation has awarded grants in New York.
What is Abyssinian Development Corporation's EIN?
Abyssinian Development Corporation's EIN (Employer Identification Number) is 13-3552154. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Abyssinian Development Corporation by hand.
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