Program areas at Abyssinian Development Corporation
Real estate properties that provide low to moderate income housing and tenant services for the harlem community of new york city. Our portfolio includes close to 600 units of affordable housing, the majority of which qualify for housing assistance payments through various federal and local agencies and about 19,000 square fee of commercial space that's leased to community small businesses. The organization's real estate holdings are principally structured as low income housing tax credit partnerships that are designed to generate dollar-for-dollar tax credits in exchange for private equity investments in the Development and preservation of affordable housing.
Our harlem economic literacy program provides financial literacy and home-ownership counseling services to first-time homebuyers through workshop training, case management services, and grant application assistance.
Our education plan brings a holistic approach to academic achievement through partnerships with traditional public schools in new york city' school district 5. Our objective is to ensure that students can learn, grow and excel to be prepared for college; families are engaged as partners; and faculty operate as a community of leaders, sharing best practices and community resources. Our direct services include college/career preparatory services, stem classroom curriculum enhancements, after-school tutoring to support students performing just below grade-level proficiency, and co-sponsoring a district-wide annual stem expo.
Who funds Abyssinian Development Corporation
Grants from foundations and other nonprofits
Financials for Abyssinian Development Corporation
Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
---|
Total grants, contributions, etc. | $60,600 | $60,642 | -0.1% |
Program services | $9,569,228 | $10,485,369 | -8.7% |
Investment income and dividends | $-151,096 | $0 | -999% |
Tax-exempt bond proceeds | $0 | $289,671 | -100% |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $0 | $0 | - |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $-12,218 | $-12,218 | - |
Miscellaneous revenues | $248,155 | $583,849 | -57.5% |
Total revenues | $9,714,669 | $11,407,313 | -14.8% |
Organizations like Abyssinian Development Corporation
Organization | Type | Location | Revenue |
---|
Ocala Housing Authority | 501(c)(3) | Ocala, FL | $9,983,470 |
Promise Development Corporation | 501(c)(3) | Memphis, TN | $4,277,565 |
Atlanta Neighborhood Development Partnership | 501(c)(3) | Atlanta, GA | $11,799,306 |
Trout Brook Realty Advisors | 501(c)(3) | West Hartford, CT | $4,521,494 |
Neighborhood Development Services | 501(c)(3) | Ravenna, OH | $12,047,795 |
Utica Neighborhood Housing | 501(c)(3) | Utica, NY | $4,141,557 |
Lawrence Community Housing Trust | 501(c)(3) | Lawrence, KS | $4,013,484 |
Center Communities of Brookline | 501(c)(3) | Boston, MA | $5,929,592 |
Corporation for Better Housing | 501(c)(3) | Woodland Hills, CA | $20,928,821 |
St Lawrence County Housing Council | 501(c)(3) | Canton, NY | $2,595,070 |
Data update history
May 21, 2024
Updated personnel
Identified 1 new personnel
July 9, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 9, 2023
Posted financials
Added Form 990 for fiscal year 2020
July 1, 2023
Updated personnel
Identified 2 new personnel
May 21, 2023
Received grants
Identified 1 new grant, including a grant for $3,334 from Synchrony Foundation Nonprofit Types
Housing and shelter organizationsCharities
Issues
EducationHuman servicesHousing
Characteristics
State / local levelTax deductible donations
General information
- Address
- 2283 Adam Clayton Powell JR Blvd
- New York, NY 10030
- Metro area
- New York-Newark-Jersey City, NY-NJ-PA
- County
- New York County, NY
- Website URL
- adcorp.orgÂ
- Phone
- (646) 442-5999
- Facebook page
- AbyssinianDevelopmentCorporationÂ
- Twitter profile
- @adcnowÂ
IRS details
- EIN
- 13-3552154
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1989
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- L25: Housing Rehabilitation
- NAICS code, primary
- 62422: Community Housing Services
- Parent/child status
- Independent
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