NDC Housing & Economic Development Corporation
Ndc housing and economic development corporation was organized for the following charitable purposes:a. To construct new low income housing and to develop, manage, operate, promote, fund, and support existing low
Key facts about NDC Housing & Economic Development Corporation
In short: NDC Housing & Economic Development Corporation gave $5.6M across 3 grants in 2024 (avg $1.9M), mostly in New York. Source: 2024 IRS Form 990.
- EIN
- 11-2933129
- Latest 990 filing
- Form 990, 2024
- Annual giving (2024)
- $5,573,195
- Grants made (2024)
- 3
- Average grant
- $1,857,732
- Median grant
- $65,590
- Total assets
- $44,237,144
- Primary geography
- New York (100% of itemized 2024 grant dollars)
Data from IRS Form 990, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990 · View filing
Total Assets
$44.2M
+29.8% YoY
Annual Giving
$5.6M
+23.5% YoY
Grant Count
3
+50.0% YoY
Avg Grant Size
$1.9M
-17.6% YoY
How NDC Housing & Economic Development Corporation gives
- Giving grew 39% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
About NDC Housing & Economic Development Corporation
Based on IRS filings
NDC Housing & Economic Development Corporation is a public charity, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $44.2M in total assets. In 2024, it awarded 3 grants totaling $5.6M. Net investment income was $9K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $4.0M (2021) to $5.6M (2024). In 2024 it made 3 grants totaling $5.6M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was National Council for Community Development ($5.5M). Together the top 3 received $5.6M.
Grant Size Distribution
13 grants across all recorded years
The most common grant size was under $50K: 6 grants of 13 (46%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| National Council for Community Development New York, NY | Support General Operations | $5,500,000 |
| A Edison Development Corporation New York, NY | Support General Operations | $65,590 |
| B Community Development Properities Wilson Inc New York, NY | Support General Operations | $7,605 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $44,237,144 | $34,085,608 | $30,272,835 |
| Revenue | $13,287,489 | $12,386,503 | $13,208,840 |
| Expenses | $12,779,039 | $11,165,097 | $11,761,090 |
| Net Investment Income | $9,168 | $97,964 | $10,903 |
Data update history
When this profile's IRS filing data changed on Grantable
- 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 13, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 11, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
NDC Housing & Economic Development Corporation is led by Daniel Marsh III, President & Board Member since 2022 (on filings since 2020); none of the 10 officers listed in 2024 report compensation.
Officers on the 2024 filing
Daniel Marsh III
President & Board Member
Board Chair & President → President & Board Member, 2022
On filings since 2020
4.4 hrs/week
No compensation reported
Adam Ennis
Bord Member & COO
Treasurer & CFO → Bord Member & COO, 2022
On filings since 2020
20 hrs/week
No compensation reported
Charley Depew
Board Member
On filings since 2020
1 hr/week
No compensation reported
David J. Trevisani
Board Memberr & Vice President
Vice President → Board Memberr & Vice President, 2021
On filings since 2020
6 hrs/week
No compensation reported
Kevin Gremse
Board Member
On filings since 2020
1 hr/week
No compensation reported
Michael Griffin
Board Member
On filings since 2020
45.5 hrs/week
No compensation reported
Raquel Favela
Board Member
On filings since 2020
1 hr/week
No compensation reported
Stephanie Dugan
Board Member
On filings since 2020
28 hrs/week
No compensation reported
Jennifer Vertrees
Secretary
On filings since 2022
25.5 hrs/week
No compensation reported
Daniel Choi
Vice President
On filings since 2023
12.5 hrs/week
No compensation reported
Former officers (4)
- Former: Gertrude Scriven (2020–2023) — Board Member
- Former: John Palyo (2020–2022) — Board Member
- Former: Jennie Vertrees (2020–2021) — Secretary
- Former: Angela Zeon (2020) — Outgoing Board Member
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.
Frequently asked questions about NDC Housing & Economic Development Corporation
How much does NDC Housing & Economic Development Corporation give each year?
NDC Housing & Economic Development Corporation gave $5.6M across 3 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $4.5M across 2 grants.
What is NDC Housing & Economic Development Corporation's typical grant size?
NDC Housing & Economic Development Corporation's median grant in 2024 was $65,590, and its average grant was $1,857,732, across 3 grants on its 2024 IRS Form 990.
Where does NDC Housing & Economic Development Corporation give grants?
NDC Housing & Economic Development Corporation gives mostly in New York: 100% 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 give general operating support?
Yes: 100% of NDC Housing & Economic Development Corporation's 2024 grants with a stated purpose (3 of 3) were for general or operating support, per its 2024 IRS Form 990.
How large is NDC Housing & Economic Development Corporation?
NDC Housing & Economic Development Corporation reported $44.2M in total assets on its 2024 IRS Form 990. Its revenue that year was $13.3M.
What is NDC Housing & Economic Development Corporation's EIN?
NDC Housing & Economic Development Corporation's EIN (Employer Identification Number) is 11-2933129. 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 NDC Housing & Economic Development Corporation by hand.
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