Commonwealth Local Development Corp CLDC
To stimulate overall economic development of the Harlem Community through the creation of enterprises, generation of jobs and improvement of services.
Key facts about Commonwealth Local Development Corp CLDC
- EIN
- 13-2938457
- Latest 990 filing
- Form 990, 2025
- Total assets
- $23,981,478
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$24.0M
+0.5% YoY
Revenue
$1.8M
-0.3% YoY
Net Investment Income
$42K
-11.1% YoY
Expenses
$1.6M
-19.5% YoY
About Commonwealth Local Development Corp CLDC
Based on IRS filings
Commonwealth Local Development Corp CLDC is a public charity, based in New York, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $24.0M in total assets. Net investment income was $42K.
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Geographic Focus
Where this funder awards grants
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
In 2020 it made 2 grants totaling $1.3M.
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $23,981,478 | $23,866,180 | $14,754,330 |
| Revenue | $1,795,718 | $1,800,974 | $1,247,682 |
| Expenses | $1,647,042 | $2,045,172 | $545,275 |
| Net Investment Income | $42,268 | $47,534 | $13,832 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 17, 2021)
- Added Form 990 for fiscal year 2025 (received by the IRS May 15, 2026)
Leadership & Key People
Officers and directors from IRS filings
Commonwealth Local Development Corp CLDC is led by E Hamil Douglas, President since 2024 (on filings since 2021); 5 of 11 officers listed in 2025 are compensated.
Officers on the 2025 filing
E Hamil Douglas
President
President & CEO → President, 2024
On filings since 2021
10 hrs/week
$71K (2023) → $123K (2025)
Zevilla Jackson-Preston
Board Chair
On filings since 2024
2 hrs/week
No compensation reported
Terri-Ann Smith
Senior Lending Director
New on the 2025 filing
10 hrs/week
$36K (2025)
Joseph L Tait
Board Member & COO
COO → Board Member, 2024
Board Member → Board Member & COO, 2025
On filings since 2020
10 hrs/week
$35K (2023) → $31K (2025)
Ayesha Codrington
Direct of Finance
Director of Finance → Direct of Finance, 2024
On filings since 2023
10 hrs/week
$33K (2023) → $70K (2025)
Andre Simon
Chief of Staff
New on the 2025 filing
10 hrs/week
$36K (2025)
Ashli Gibbs
Board Member
On filings since 2024
2 hrs/week
No compensation reported
Curtis Archer
Board Member
On filings since 2024
2 hrs/week
No compensation reported
Erik Chiette
Secretary
On filings since 2024
2 hrs/week
No compensation reported
Sharon E Joseph
Vice Chair
On filings since 2024
2 hrs/week
No compensation reported
Lewiston Murray
Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Former officers (12)
- Former: Michael T Johnson (2020–2024) — Board Member
- Former: Suzanne Hurley (2023–2024) — Vice President
- Former: Richard Shaw (2020–2023) — Board Member
- Former: Anthony D Watson (2022–2023) — Board Member
- Former: Michelle Hardy (2022–2023) — Chair
- Former: Robert Horsford (2023) — Board Member
- Former: Barbara Askins (2022) — Vice Chair
- Former: Aaron Migdol Esq. (2020) — Member
- Former: Jonnie Marshall (2020) — Chairperson
- Former: Kelvin collins (2020) — President & CEO
- Former: Narain Sew (2020) — CFO
- Former: Zevilla J Preston (2020) — Member
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $123K, to E Hamil Douglas (President). 5 officers or directors reported compensation on that filing.
Frequently asked questions about Commonwealth Local Development Corp CLDC
How large is Commonwealth Local Development Corp CLDC?
Commonwealth Local Development Corp CLDC reported $24.0M in total assets on its 2025 IRS Form 990. Its revenue that year was $1.8M.
Where does Commonwealth Local Development Corp CLDC operate?
Commonwealth Local Development Corp CLDC has awarded grants in New York.
What is Commonwealth Local Development Corp CLDC's EIN?
Commonwealth Local Development Corp CLDC's EIN (Employer Identification Number) is 13-2938457. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
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