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
NDC Housing & Economic Development Corporation at a glance
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.
- Annual giving (2024)
- $5,573,195
- +23.5% vs 2023
- Grants made (2024)
- 3
- +50.0% vs 2023
- Average grant
- $1,857,732
- -17.6% vs 2023
- Median grant
- $65,590
- Total assets
- $44,237,144
- +29.8% vs 2023
- Primary geography
- New York (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who NDC Housing & Economic Development Corporation funds
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%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
How NDC Housing & Economic Development Corporation gives
- Giving grew 39% 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 2020 to 2024, annual grant giving ranged from $4.0M (2021) to $5.6M (2024). In 2024 it made 3 grants totaling $5.6M.
Grants by year
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 |
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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 | $44,237,144 | $13,287,489 | $12,779,039 | $5,573,195 | 3 | $9,168 |
| 2023 | $34,085,608 | $12,386,503 | $11,165,097 | $4,511,475 | 2 | $97,964 |
| 2022 | $30,272,835 | $13,208,840 | $11,761,090 | $5,510,920 | 2 | $10,903 |
| 2021 | $24,571,760 | $10,401,743 | $9,899,953 | $4,015,750 | 2 | $5,047 |
| 2020 | $21,024,766 | $10,793,357 | $10,433,704 | $4,280,712 | 4 | $365 |
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.
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.
Data update history
(6)
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
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