NDC Housing & Economic Development Corporation - Group Return
NDC Housing & Economic Development Corporation - Group Return is a New York, New York-based public charity, formed in 1988. Its stated work includes low-income housing, economic development in economically depressed areas, and partnerships with local governments on public buildings and infrastructure.
NDC Housing & Economic Development Corporation - Group Return at a glance
In short: NDC Housing & Economic Development Corporation - Group Return gave $2.8M across 5 grants in 2024 (avg $564K), mostly in New York. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $2,819,771
- +115.3% vs 2023
- Grants made (2024)
- 5
- -28.6% vs 2023
- Average grant
- $563,954
- +201.5% vs 2023
- Median grant
- $64,276
- Total assets
- $818,576,438
- -10.1% vs 2023
- Primary geography
- New York (98% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated October 2026.
How to apply to NDC Housing & Economic Development Corporation - Group Return
- Contact
Mailing address: 633 Third Ave 19J, New York, NY 10017
Phone: (212) 682-1106
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who NDC Housing & Economic Development Corporation - Group Return funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Seattle Bcof LLC ($1.5M). Together the top 5 received $2.8M.
Grant Size Distribution
8,285 grants across all recorded years
The most common grant size was under $50K: 8,271 grants of 8,285 (100%).
Geographic Focus
Where this funder awards grants
The organization describes its economic development work as taking place across the nation. In its 2024 grantmaking, 98% of grant dollars went to recipients in New York, 1% to Connecticut, and 1% to Texas.
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
How NDC Housing & Economic Development Corporation - Group Return gives
- Giving grew 771% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $324K (2021) to $98.8M (2020). In 2024 it made 5 grants totaling $2.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Seattle Bcof LLC New York, NY | Grant to a small business owner for real estate development | $1,458,010 |
| NDC Housing and Economic Development Corp New York, NY | Economic Development Grant | $1,250,000 |
| NDC Community Impact Loan Fund New York, NY | Economic Development Grant | $64,276 |
| The Community Economic Development Fund I LLC Meriden, CT | Working Capital Grant | $27,485 |
| Kings Theatre Master Tenant LLC San Antonio, TX | Annual Thanksgiving Donation | $20,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $818,576,438 | $113,153,472 | $110,899,750 | $2,819,771 | 5 | $-1,181,403 |
| 2023 | $910,447,137 | $101,514,941 | $110,028,793 | $1,309,562 | 7 | $-2,502,313 |
| 2022 | $906,903,124 | $115,628,960 | $100,738,505 | $662,000 | 2 | $-2,515,552 |
| 2021 | $914,444,452 | $129,829,382 | $104,120,358 | $323,800 | 2 | $-7,058 |
| 2020 | $1,012,755,346 | $193,664,154 | $194,926,982 | $98,813,000 | 8,269 | $2,154,151 |
| 2019 | $943,943,443 | $89,841,904 | $93,857,053 | $1,250,000 | 1 | $-957,814 |
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The organization’s stated charitable purposes include constructing and supporting low-income housing and lessening the burdens of government. Its filing describes work on public buildings and infrastructure, and economic development through financing tools, including the New Markets Tax Credit program and small-business lending. It says its Community Impact Loan Fund provides financing to women, minorities, and individuals in disadvantaged communities.
Among its 2024 grantees, NDC Housing and Economic Development Corporation described its own charitable purpose as constructing and supporting low-income housing. Other 2024 recipients included a small-business owner receiving a real-estate development grant, an economic development loan fund, a community economic development fund, and a theatre master tenant LLC.
Grantmaking
In 2024, the organization reported five grants totaling $2,819,771. Individual grants ranged from $20,000 to $1,458,010, with a median of $64,276. The largest grants were $1,458,010 to Seattle BCOF LLC for real estate development and $1,250,000 to NDC Housing and Economic Development Corporation for economic development. Other reported grants were $64,276 to NDC Community Impact Loan Fund, $27,485 to The Community Economic Development Fund I LLC for working capital, and $20,000 to Kings Theatre Master Tenant LLC as an annual Thanksgiving donation.
No application process or instructions for outside applicants are stated in the available materials.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Daniel Marsh III as president and board member; Adam Ennis as board member and COO; and Daniel Choi as CFO. It also lists Bill King, Brendan Mehaffy, Byron Brown, Charley Depew, Christopher Scanlon, Darron Saxon, and David J Trevisani as board members. David J Trevisani is also listed as vice president.
NDC Housing & Economic Development Corporation - Group Return is led by Daniel Marsh III, President & Board Member on every filing since 2019; none of the 30 officers listed in 2024 report compensation.
Officers on the 2024 filing
Daniel Marsh III
President & Board Member
On filings since 2019
4.4 hrs/week
No compensation reported
Adam Ennis
Board Member & COO
Board Member & CFO → Board Member & COO, 2022
On filings since 2019
5.5 hrs/week
No compensation reported
Brendan Mehaffy
Board Member
On filings since 2019
0.3 hrs/week
No compensation reported
Byron Brown
Board Member
On filings since 2019
0.3 hrs/week
No compensation reported
Charley Depew
Board Member
On filings since 2019
3 hrs/week
No compensation reported
David J. Trevisani
Board Member & Vice President
Board Member → Vice President & Board Member, 2020
On filings since 2019
10.5 hrs/week
No compensation reported
Jennie Vertrees
Secretary
On filings since 2019
15 hrs/week
No compensation reported
Kevin Gremse
Board Member
On filings since 2019
1 hr/week
No compensation reported
Michael Griffin
Board Member
On filings since 2019
1 hr/week
No compensation reported
Stephanie Dugan
Board Member
On filings since 2019
1 hr/week
No compensation reported
Thomas Gibney
Board Member
On filings since 2019
0.3 hrs/week
No compensation reported
John Murray
Board Member
On filings since 2020
0.3 hrs/week
No compensation reported
Kisty Morris
Board Member
On filings since 2020
0.3 hrs/week
No compensation reported
Raquel Favela
Board Member
On filings since 2020
1 hr/week
No compensation reported
Whitney Trumbly
Board Member
On filings since 2020
0.3 hrs/week
No compensation reported
Keith Swenson
Board Member
On filings since 2021
0.3 hrs/week
No compensation reported
Larry West
Board Member
On filings since 2021
0.3 hrs/week
No compensation reported
Daniel Choi
CFO
On filings since 2022
12.5 hrs/week
No compensation reported
Sheila Hummel
Board Member
On filings since 2022
0.3 hrs/week
No compensation reported
Tom Schappacher
Board Member
On filings since 2022
0.3 hrs/week
No compensation reported
Bill King
Board Member
New on the 2024 filing
0.3 hrs/week
No compensation reported
Christopher Scanlon
Board Member
New on the 2024 filing
0.3 hrs/week
No compensation reported
Darron Saxon
Board Member
New on the 2024 filing
0.3 hrs/week
No compensation reported
Geoffrey Person
Board Member
New on the 2024 filing
0.3 hrs/week
No compensation reported
Jessica Eskra
Board Member
New on the 2024 filing
0.3 hrs/week
No compensation reported
Lisa Nichols
Board Member
New on the 2024 filing
0.3 hrs/week
No compensation reported
Marlo Jaco
Board Member
New on the 2024 filing
0.3 hrs/week
No compensation reported
Paula Liu
Vice President
New on the 2024 filing
50 hrs/week
No compensation reported
Scott Andrew
Board Member
New on the 2024 filing
0.3 hrs/week
No compensation reported
Wendy Cole
Board Member
New on the 2024 filing
0.3 hrs/week
No compensation reported
Former officers (18)
- Former: Gertude Scriven (2019–2023) — Board Member
- Former: Steven Thayer (2019–2023) — Board Member
- Former: Svante Myrick (2019–2023) — Board Member
- Former: Shatorah Donovan (2020–2023) — Board Member
- Former: Kyle Donahue (2021–2023) — Board Member
- Former: Oseremi Adekoye (2022–2023) — Board Member
- Former: John Palyo (2019–2022) — Board Member
- Former: Roseann Novembrino (2019–2022) — Director
- Former: William L. Courtright (2019–2022) — Director
- Former: Jessica Ezra (2019–2021) — Outgoing Board Member
- Former: Joanna Chen (2019–2021) — Outgoing Board Member
- Former: Joseph Wechsler (2019–2021) — Board Member
- Former: Jennifer Phillips (2020–2021) — Outgoing Board Member
- Former: William Gaughan (2020–2021) — Outgoing Board Member
- Former: Angela Butler-Zenon (2019–2020) — Outgoing Board Member
- Former: Ann Vogt (2019) — Outgoing Secretary, Treasurer & Board Member
- Former: Ingrid Nardoni (2019) — Outgoing Board Member
- Former: Wayne Evans (2019) — Board Member
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about NDC Housing & Economic Development Corporation - Group Return
How much does NDC Housing & Economic Development Corporation - Group Return give each year?
NDC Housing & Economic Development Corporation - Group Return gave $2.8M across 5 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $1.3M across 7 grants.
What is NDC Housing & Economic Development Corporation - Group Return's typical grant size?
NDC Housing & Economic Development Corporation - Group Return's median grant in 2024 was $64,276, and its average grant was $563,954, across 5 grants on its 2024 IRS Form 990.
Where does NDC Housing & Economic Development Corporation - Group Return give grants?
NDC Housing & Economic Development Corporation - Group Return gives mostly in New York: 98% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were New York, NY (3 grants).
Does NDC Housing & Economic Development Corporation - Group Return give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on NDC Housing & Economic Development Corporation - Group Return's 2024 IRS Form 990 were described as general or operating support.
Who are NDC Housing & Economic Development Corporation - Group Return's largest grantees?
NDC Housing & Economic Development Corporation - Group Return's largest 2024 grantees include Seattle Bcof LLC ($1,458,010), NDC Housing and Economic Development Corp ($1,250,000) and NDC Community Impact Loan Fund ($64,276), according to its 2024 IRS Form 990. Together they received 98% of its itemized 2024 grant dollars.
How large is NDC Housing & Economic Development Corporation - Group Return?
NDC Housing & Economic Development Corporation - Group Return reported $818.6M in total assets on its 2024 IRS Form 990. Its revenue that year was $113.2M.
What does NDC Housing & Economic Development Corporation - Group Return fund?
The organization’s stated charitable purposes include constructing and supporting low-income housing and lessening the burdens of government. See mission & focus areas ↑
How do I apply for a grant from NDC Housing & Economic Development Corporation - Group Return?
NDC Housing & Economic Development Corporation - Group Return has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
What is NDC Housing & Economic Development Corporation - Group Return's EIN?
NDC Housing & Economic Development Corporation - Group Return's EIN (Employer Identification Number) is 91-1884698. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS November 16, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS November 12, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 10, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 13, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 11, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work NDC Housing & Economic Development Corporation - Group Return funds
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