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Hudson Yards Development Corporation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Community, Neighborhood Development, Improvement (General) (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$4.69M (2023)

Expenses
$4.68M (2023)

Total Assets
$2.33M (2023)

Total Liabilities
$2.26M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,694,553
Expenses
$4,680,665
Net Income
$13,888
Net Assets
$75,555
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,692,400
100.0%
Program Services $0
Investment Income $2,153
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $730,037
15.6%
Professional Fundraising Fees $0
Other Salaries and Wages $107,794
2.3%
Assets/Debt
Total Assets $2,334,399
Total Liabilities $2,258,844
Net Assets $75,555
Compensation
Key Employees and Officers Compensation Related Other
Angela Cavaluzzi (President) $238,380 $0 $66,843
Lincoln Patel (Vice President And Counsel) $187,328 $0 $86,860
Cheehan T Leung (Vp Of Development) $131,826 $0 $69,756
Susan Gil (Treasurer And Fiscal Manag) $61,186 $0 $50,312
Adolfo Carrion Jr (Director) $0 $0 $0
Adrienne Adams (Director) $0 $0 $0
Andrew Kimball (Director) $0 $0 $0
Brad Lander (Director) $0 $0 $0
Dan Garodnick (Director) $0 $0 $0
Erik Bottcher (Director) $0 $0 $0
Jacques Jiha (Director) $0 $0 $0
Jeffrey Lefrancois (Director) $0 $0 $0
Kevin Kim (Director) $0 $0 $0
Maria Torres Springer (Director) $0 $0 $0
Mark Levine (Director) $0 $0 $0
Meera Joshi (Director) $0 $0 $0
Susan Donoghue (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,999,980
Expenses
$2,969,607
Net Income
$30,373
Net Assets
$61,667
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,999,953
100.0%
Program Services $0
Investment Income $27
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $621,916
20.9%
Professional Fundraising Fees $0
Other Salaries and Wages $147,917
5.0%
Assets/Debt
Total Assets $557,647
Total Liabilities $495,980
Net Assets $61,667
Compensation
Key Employees and Officers Compensation Related Other
Angela Cavaluzzi (President) $250,881 $0 $1,558
Lincoln Patel (Vice President And Counsel) $167,896 $0 $6,000
Cheehan T Leung (Vp Of Development) $124,269 $0 $1,690
Susan Gil (Treasurer And Fiscal Manag) $59,104 $0 $9,230
Adolfo Carrion Jr (Director) $0 $0 $0
Adrienne Adams (Director) $0 $0 $0
Andrew Kimball (Director) $0 $0 $0
Brad Lander (Director) $0 $0 $0
Corey Johnson (Director (Outgoing)) $0 $0 $0
Corey Johnson (Director (Outgoing)) $0 $0 $0
Dan Garodnick (Director) $0 $0 $0
Erik Bottcher (Director) $0 $0 $0
Gale Brewer (Director (Outgoing)) $0 $0 $0
Jacques Jiha (Director) $0 $0 $0
Jeffrey Lefrancois (Director) $0 $0 $0
Jonnel Doris (Director (Outgoing)) $0 $0 $0
Kevin Kim (Director) $0 $0 $0
Laura Anglin (Director (Outgoing)) $0 $0 $0
Louise Carroll (Director (Outgoing)) $0 $0 $0
Lowell D Kern (Director (Outgoing)) $0 $0 $0
Maria Torres Springer (Director) $0 $0 $0
Marisa Lago (Director (Outgoing)) $0 $0 $0
Mark Levine (Director) $0 $0 $0
Meera Joshi (Director) $0 $0 $0
Mitchell Silver (Director (Outgoing)) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,095,433
Expenses
$1,049,161
Net Income
$46,272
Net Assets
$31,294
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,095,406
100.0%
Program Services $0
Investment Income $27
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $303,420
28.9%
Professional Fundraising Fees $0
Other Salaries and Wages $141,663
13.5%
Assets/Debt
Total Assets $187,036
Total Liabilities $155,742
Net Assets $31,294
Compensation
Key Employees and Officers Compensation Related Other
Lincoln Patel (Vicepresident And Counsel) $163,232 $0 $32,695
Susan Gil (Treasurer And Fiscal Manager) $57,989 $0 $9,180
Angela Cavaluzzi (President) $30,353 $0 $0
Corey Johnson (Director) $0 $0 $0
Corey Johnson (Director) $0 $0 $0
Gale Brewer (Director) $0 $0 $0
Gregg Bishop (Director (Outgoing)) $0 $0 $0
Jacques Jiha (Director) $0 $0 $0
James Patchett (Director (Outgoing)) $0 $0 $0
Jonnel Doris (Director) $0 $0 $0
Laura Anglin (Director) $0 $0 $0
Louise Carroll (Director) $0 $0 $0
Lowell D Kern (Director) $0 $0 $0
Marisa Lago (Director) $0 $0 $0
Melanie Hartzog (Director (Outgoing)) $0 $0 $0
Mitchell Silver (Director) $0 $0 $0
Rachael Loeb (Director) $0 $0 $0
Scott Stringer (Director) $0 $0 $0
Vicki Been (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,355,574
Expenses
$1,372,405
Net Income
-$16,831
Net Assets
-$14,978
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,355,252
100.0%
Program Services $0
Investment Income $322
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $446,441
32.5%
Professional Fundraising Fees $0
Other Salaries and Wages $43,090
3.1%
Assets/Debt
Total Assets $194,166
Total Liabilities $209,144
Net Assets -$14,978
Compensation
Key Employees and Officers Compensation Related Other
Angela Cavaluzzi (President) $197,173 $0 $0
Lincoln Patel (Vice President And Counsel) $162,840 $0 $0
Susanne Gil (Treasurer) $56,321 $0 $0
Gregg Bishop (Director) $0 $0 $0
Gale Brewer (Director) $0 $0 $0
Vicki Been (Director) $0 $0 $0
Corey Johnson (Director) $0 $0 $0
Marisa Lago (Director) $0 $0 $0
Louise Carroll (Director) $0 $0 $0
James Patchett (Director) $0 $0 $0
Mitchell Silver (Director) $0 $0 $0
Scott Stringer (Director) $0 $0 $0
Melanie Hartzog (Director) $0 $0 $0
Corey Johnson (Director) $0 $0 $0
Laura Anglin (Director) $0 $0 $0
Lowell D Kern (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,209,072
Expenses
$1,137,558
Net Income
$71,514
Net Assets
$1,853
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,186,350
98.1%
Program Services $22,000
1.8%
Investment Income $722
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $424,307
37.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $146,891
Total Liabilities $145,038
Net Assets $1,853

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,024,805
Expenses
$2,082,625
Net Income
-$57,820
Net Assets
-$69,661
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,013,434
99.4%
Program Services $11,000
0.5%
Investment Income $371
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $397,029
19.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $55,152
Total Liabilities $124,813
Net Assets -$69,661

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$718,413
Expenses
$871,880
Net Income
-$153,467
Net Assets
-$11,841
Notable Sources of Revenue Percent of Total Revenue
Contributions $673,736
93.8%
Program Services $44,500
6.2%
Investment Income $177
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $348,850
40.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $139,214
Total Liabilities $151,055
Net Assets -$11,841

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,106,155
Expenses
$1,092,116
Net Income
$14,039
Net Assets
$141,626
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,097,007
99.2%
Program Services $9,000
0.8%
Investment Income $148
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $150,312
13.8%
Professional Fundraising Fees $0
Other Salaries and Wages $53,622
4.9%
Assets/Debt
Total Assets $350,467
Total Liabilities $208,841
Net Assets $141,626

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,467,025
Expenses
$1,376,247
Net Income
$90,778
Net Assets
$127,587
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,342,838
91.5%
Program Services $124,000
8.5%
Investment Income $187
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $157,799
11.5%
Professional Fundraising Fees $0
Other Salaries and Wages $51,993
3.8%
Assets/Debt
Total Assets $312,892
Total Liabilities $185,305
Net Assets $127,587

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,331,768
Expenses
$2,318,267
Net Income
$13,501
Net Assets
$36,809
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,326,571
99.8%
Program Services $0
Investment Income $195
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $5,000
0.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $367,423
15.8%
Professional Fundraising Fees $0
Other Salaries and Wages $315,648
13.6%
Assets/Debt
Total Assets $261,311
Total Liabilities $224,502
Net Assets $36,809

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,000,470
Expenses
$2,402,843
Net Income
-$402,373
Net Assets
$23,310
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,979,643
99.0%
Program Services $20,000
1.0%
Investment Income $342
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $485
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $566,913
23.6%
Professional Fundraising Fees $0
Other Salaries and Wages $535,412
22.3%
Assets/Debt
Total Assets $323,244
Total Liabilities $299,934
Net Assets $23,310

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,143,046
Expenses
$2,695,182
Net Income
$447,864
Net Assets
$425,683
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,126,642
99.5%
Program Services $0
Investment Income $349
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $16,055
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $859,320
31.9%
Professional Fundraising Fees $0
Other Salaries and Wages $356,721
13.2%
Assets/Debt
Total Assets $757,695
Total Liabilities $332,012
Net Assets $425,683

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,612,518
Expenses
$3,636,982
Net Income
-$24,464
Net Assets
-$22,181
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,197,711
88.5%
Program Services $414,412
11.5%
Investment Income $395
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $983,026
27.0%
Professional Fundraising Fees $0
Other Salaries and Wages $256,801
7.1%
Assets/Debt
Total Assets $279,801
Total Liabilities $301,982
Net Assets -$22,181

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

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