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Filing year 2024

ABYSSINIAN DEVELOPMENT CORPORATION

New York, New York·EIN 13-3552154·501(c)(3)
Total revenue
$31.9M
Total assets
$118.2M
Total expenses
$23.2M
Reported officers
11
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.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2024

Coo/cfo
Officer (Unspecified)
$154k
$167k
Base
$145k
Bonus
Other
Benefits
$9k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 10 unpaid individuals.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Held roughly steady
over 2 years

From $154k in 2022 to $154k in 2024.

$154k
2022
$154k
2023
$154k
2024
In today's dollarsEst.
Down 7% in real terms$180k to $167k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

ABYSSINIAN DEVELOPMENT CORPORATION reported revenue and expenses across 3 filing years.

RevenueExpenses
$9.7M
$16.1M
2022
$11.7M
$17.2M
2023
$31.9M
$23.2M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about ABYSSINIAN DEVELOPMENT CORPORATION

What are ABYSSINIAN DEVELOPMENT CORPORATION's revenue and expenses?

In 2024, ABYSSINIAN DEVELOPMENT CORPORATION reported $31.9M in total revenue and $23.2M in total expenses on its IRS Form 990.

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