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.
Financial Overview
From 2024 IRS Form 990-PF · 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
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 grants totaling $8K. Net investment income was $20.6M.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
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 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $20,614,509 | $123,182 | $-151,096 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Youth on the Move in the Community ($7,599).
| Recipient | Purpose | Amount |
|---|---|---|
| YOUTH ON THE MOVE IN THE COMMUNITY NEW YORK, NY | YOUTH ATHLETIC PROGRAMS | $7,599 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DR CYNTHIA BARNES | BOARD MEMBER | 1 | — |
| ALVIN VINSON TREASURER | HUMAN RESOURCES COMMITTEE | 1 | — |
| DR DEBORAH ALLEN | BOARD MEMBER | 1 | — |
| G ANTHONY ANDERSEN JOINT CHAIR OF | REAL ESTATE & FINANCE COMM | 2.5 | — |
| LARRY DAIS | CHAIR OF AUDIT COMMITTEE | 1.5 | — |
| DR SANDYE JOHNSON | BOARD MEMBER | 5 | — |
| GERRI WARREN-MERRICK | BOARD MEMBER | 1 | — |
| PHILIP ISOM | BOARD MEMBER | 1.5 | — |
| DARRYL WILLIAMS | BOARD MEMBER | 1.5 | — |
| TIMOTHY C NASH JR | SECRETARY | 2 | — |
| PRINCESS PALMER | COO/CFO | 35 | $145,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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.
How large is Abyssinian Development Corporation?
As of 2024, Abyssinian Development Corporation holds $118.2M in total assets with $31.9M in annual revenue. It awarded 1 grants totaling $8K in 2024.
Where does Abyssinian Development Corporation operate?
Abyssinian Development Corporation has awarded grants in New York.
What size grants does Abyssinian Development Corporation award?
In 2024, Abyssinian Development Corporation awarded 1 grants totaling $8K — an average of about $8K per grant, based on its IRS Form 990 filings.
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.
Explore Open Grants
Browse active grant opportunities in Abyssinian Development Corporation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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