HUDSON YARDS DEVELOPMENT CORPORATION (EIN 141941768) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

ANGELA R CAVALUZZI

Phone

2123124267

Tax Period

2024-07-01 to 2025-06-30

HUDSON YARDS DEVELOPMENT CORPORATION, founded in 2005, is a community nonprofit in the Community Improvement sector that reported $8.4M in total revenue in fiscal year 2024.

Mission

MANAGES THE IMPLEMENTATION OF THE CITY OF NEW YORK'S ECONOMIC INITIATIVES FOR THE REDEVELOPMENT OF THE HUDSON YARDS AREA OF MANHATTAN, INCLUDING EXTENSION OF NO. 7 SUBWAY TO WEST 34TH ST, CONSTRUCTION OF PUBLIC AMENITIES INCLUDING PARKS AND PROPERTY ACQUISITION AS NECESSARY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,356,523

Program Service Revenue $0

Investment Income $3,908

Other Revenue $0

TOTAL REVENUE $8,360,431

Expense Breakdown

Grants Paid $0

Salaries & Benefits $894,204

Fundraising Expenses $0

Program Expenses $7,384,301

Other Expenses $7,411,482

TOTAL EXPENSES $8,305,686

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,360,431	$8,201,731	+0.0%
Expenses	$8,305,686	$8,219,652	+0.0%
Net Income	$54,745	$-17,921	-4.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

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

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$821,542

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADOLFO CARRION JR	DIRECTOR	1.00	Director	$0	$0	$0
ADRIENNE ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW KIMBALL	DIRECTOR	1.00	Director	$0	$0	$0
BRAD LANDER	DIRECTOR	1.00	Director	$0	$0	$0
DAN GARODNICK	DIRECTOR	1.00	Director	$0	$0	$0
ERIK BOTTCHER	DIRECTOR	1.00	Director	$0	$0	$0
JACQUES JIHA	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA CHAIT	DIRECTOR	1.00	Director	$0	$0	$0
AHMED TIGANI	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY ROTH	DIRECTOR	1.00	Director	$0	$0	$0
MARK LEVINE	DIRECTOR	1.00	Director	$0	$0	$0
DUNISHAL GROSS	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN DONOGHUE	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA CAVALUZZI	PRESIDENT	35.00	Officer	$283,656	$40,449	$324,105
LINCOLN PATEL	VICE PRESIDENT AND COUNSEL	35.00	Officer	$241,829	$96,336	$338,165
SUSAN GIL	TREASURER AND CONTROLLER	35.00	Officer	$99,343	$59,929	$159,272

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$8,360,431	$8,305,686	$2,212,498	$54,745
2024	$8,201,731	$8,219,652	$930,376	$-17,921
2023	$4,694,553	$4,680,665	$2,334,399	$13,888
2022	$2,999,980	$2,969,607	$557,647	$30,373
2021	$1,095,433	$1,049,161	$187,036	$46,272
2020	$1,355,574	$1,372,405	$194,166	$-16,831

HUDSON YARDS DEVELOPMENT CORPORATION