New York, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Commonwealth Local Development Corp CLDC, founded in 1977, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Expenses of $1.6M left a modest 8% surplus.
To stimulate overall economic development of the Harlem Community through the creation of enterprises, generation of jobs and improvement of services.
CLDC IS A LOCAL DEVELOPMENT CORPORATION THAT MANAGES LOCAL DEVELOPMENT PROJECTS IN HARLEM AND SURROUNDING COMMUNITIES. THE PORTFOLIO OF PROJECTS INCLUDES RETAIL AND COMMERCIAL DEVELOPMENTS WHICH HAVE...
CLDC IS A LOCAL DEVELOPMENT CORPORATION THAT MANAGES LOCAL DEVELOPMENT PROJECTS IN HARLEM AND SURROUNDING COMMUNITIES. THE PORTFOLIO OF PROJECTS INCLUDES RETAIL AND COMMERCIAL DEVELOPMENTS WHICH HAVE BEEN CRITICAL IN THE ECONOMIC DEVELOPMENT OF THE LOCALS OF HARLEM ECONOMY. HUNDREDS OF JOBS HAVE BEEN CREATED AND RETAINED IN VARIOUS SECTORS AND ARE AVAILABLE TO RESIDENTS OF THE COMMUNITY. THE ORGANIZATIONS OVERALL WORK PROMOTES THE ECONOMIC VIBRANCY AND GENERAL WELFARE OF THE COMMUNITY AND it's RESIDENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,795,718 | $1,800,974 | 0.0% |
| Expenses | $1,647,042 | $2,045,172 | -0.2% |
| Net Income | $148,676 | $-244,198 | -1.6% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| E Hamil Douglas | President | 10.00 |
Officer
|
$123,244 | $0 | $308,109 |
| Ayesha Codrington | Direct of Finance | 10.00 |
|
$69,648 | $0 | $174,120 |
| Terri-Ann Smith | Senior Lending Dir | 10.00 |
|
$36,452 | $0 | $145,807 |
| Andre Simon | Chief of Staff | 10.00 |
|
$35,778 | $0 | $143,113 |
| Joseph Tait | Board Memb/COO | 10.00 |
Officer
Director
|
$31,250 | $0 | $62,500 |
| Zevilla Jackson-Preston | Board Chair | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Sharon E Joseph | Vice Chair | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Erik Chiette | Secretary | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Lewiston Murray | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Curtis Archer | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Ashli Gibbs | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,795,718 | $1,647,042 | $23,981,478 | $148,676 |
| 2024 | $1,800,974 | $2,045,172 | $23,866,180 | $-244,198 |
| 2023 | $1,247,682 | $545,275 | $14,754,330 | $702,407 |
| 2022 | $1,255,309 | $521,175 | $14,096,606 | $734,134 |
| 2021 | $1,171,417 | $283,278 | $13,512,087 | $888,139 |
| 2020 | $1,197,711 | $1,563,928 | $12,658,585 | $-366,217 |
| 2019 | $1,194,731 | $936,683 | $13,061,508 | $258,048 |
| 2018 | $1,170,604 | $224,610 | $13,107,157 | $945,994 |
Compare Commonwealth Local Development Corp CLDC with other nonprofits in New York and across the country.