New York · Nonprofit
ABYSSINIAN DEVELOPMENT CORPORATION
ABYSSINIAN DEVELOPMENT CORPORATION (New York) receives grants from 7 organizations whose IRS filings report $286,997 to it, the largest being JEWISH COMMUNAL FUND ($250,000). 3 of them have funded it in more than one year, and 94% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $32M
- Funders on record
- 7
- Grants received
- $287k
- Net assets
- $20M
What Abyssinian Development Corporation does
Mission
A comprehensive community development corporation focused on providing affordable housing to low and moderate income families and social services, principally educational programs in the areas of college/career readiness, stem, and district-based initiatives to improve student outcomes and homeownership workshops for first-time home buyers.
As stated on its FY2024 Form 990.
Programs
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.
$19,851,420 spent$10,642,170 earned by the program97% of program spendingOur 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.
$633,952 spent$234,970 earned by the program3% of program spendingOur 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.
$64,931 spent$74,143 earned by the program0% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $20,550,303.
The organization over time
Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $96M to $118M (+23%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2023 1% · 2024 1%. Grants only. Government contracts and fees sit inside program revenue.
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 5 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2017 → 2023: the base broadened from 1 funder to 3 funders, grant income rose $1k → $20k.
4 of 7 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 94% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of ABYSSINIAN DEVELOPMENT CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
ABYSSINIAN DEVELOPMENT CORPORATION leans on a few funders — its largest provides 87% of grant income and the top three 94%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
94% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund ABYSSINIAN DEVELOPMENT CORPORATION.
Largest funder’s share by year: 2017 100% · 2018 77% · 2019 100% · 2020 100% · 2021 99% · 2022 100% · 2023 50% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
94% of ABYSSINIAN DEVELOPMENT CORPORATION's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $17k that is directly attributable, 80% of it comes from New York funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $270k arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Government funding ABYSSINIAN DEVELOPMENT CORPORATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $1000k on record.
- Department of Education$1000k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like ABYSSINIAN DEVELOPMENT CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New York
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
89% of spending goes to programs.
Governance
Public support
69%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 7 related entities
- Harlem Village Homes II Hdfc · corp_trust
- Samuel D Proctor Hdfc · corp_trust
- Abyssinian Cultural Building Corp · corp_trust
- 301 West 148th Street Hdfc · corp_trust
- 36 West 131st Street Hdfc · corp_trust
Screen this organization
A dated, signed PDF of the compliance screen for ABYSSINIAN DEVELOPMENT CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds ABYSSINIAN DEVELOPMENT CORPORATION?
- ABYSSINIAN DEVELOPMENT CORPORATION (New York) receives grants from 7 organizations whose IRS filings report $286,997 to it, the largest being JEWISH COMMUNAL FUND ($250,000). 3 of them have funded it in more than one year, and 94% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does ABYSSINIAN DEVELOPMENT CORPORATION have?
- IRS filings report 7 organizations giving $286,997 in grants to ABYSSINIAN DEVELOPMENT CORPORATION, 3 of which have funded it in more than one year.
- Who is the largest funder of ABYSSINIAN DEVELOPMENT CORPORATION?
- JEWISH COMMUNAL FUND is the largest funder on record, with $250,000 in grants. The full list of funders is on this page.
- How can an organization like ABYSSINIAN DEVELOPMENT CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2020–2024), and the filings of 7 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing