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Filing year 2023

Commonwealth Local Development Corp CLDC

New York, New York·EIN 13-2938457·3
Total revenue
$1.8M
Total assets
$23.9M
Total expenses
$2M
Reported officers
10
Mission

To stimulate overall economic development of the Harlem Community through the creation of enterprises, generation of jobs and improvement of services.

Executive compensation, broken down

Form 990 · Schedule J · 4 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President
25th percentile to median
$74k
$84k
Base
$74k
Bonus
Other
Benefits
Board Member
Median to 75th percentile
$43k
$48k
Base
$43k
Bonus
Other
Benefits
Direct of Finance
Unclassified
$38k
$43k
Vice President
25th percentile to median
$8k
$9k
Base
$8k
Bonus
Other
Benefits

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 6 unpaid individuals.

Up 6%
from 2022

From $71k in 2022 to $74k in 2023.

$71k
2022
$74k
2023
In today's dollarsEst.
Up 2% in real terms$82k to $84k

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.

Pay for the position

Chief Executive Officer pay rose 6% from 2022 to 2023, while revenue rose 44%.

$71k in 2022 to $74k in 2023.
  • Vice President pay fell 75% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

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

Revenue and expenses over time

Commonwealth Local Development Corp CLDC reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.2M
$545k
2022
$1.8M
$2M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about Commonwealth Local Development Corp CLDC

What does the Chief Executive Officer of Commonwealth Local Development Corp CLDC earn?

In 2023, the Chief Executive Officer of Commonwealth Local Development Corp CLDC received $74,486 in total compensation. This pay is below the median (the midpoint) for Chief Executive Officer roles among nonprofits nationwide, across all sectors, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at Commonwealth Local Development Corp CLDC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at Commonwealth Local Development Corp CLDC falls between the 25th percentile and the median.

What are Commonwealth Local Development Corp CLDC's revenue and expenses?

In 2023, Commonwealth Local Development Corp CLDC reported $1.8M in total revenue and $2M in total expenses on its IRS Form 990.

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