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Manhattan Valley Development Corporation

EIN 13-2628511 · New York, NY

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak22 out of 100GovernanceStrong95 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO PROVIDE NEIGHBORHOOD PLANNING, PRESERVATION, AND DEVELOPMENT IN THE UPPER WEST SIDE OF MANHATTAN, KNOW AS MANHATTAN VALLEY.

Income
$402,653
Spending
$528,149
Spent on programs
88%
Reserves
-1.8 months of spending
Largest source of income
fees for its services, 67%
Employees
5
Highest pay
$130,315, secretary

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 22 out of 100. Higher than 2% of charities in its peer group (community improvement, $250k to $1m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    2 of 20

    It owes 89% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 31% of income.

  • Income trend

    5 of 15

    Income fell 23% on the year before.

  • Spending floor

    15 of 15

    88% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 95 out of 100. Higher than 86% of charities in its peer group (community improvement, $250k to $1m).

  • Independent board

    25 of 25

    6 of 6 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $227,419 spent. 58 WEST 109TH STREET PROVIDES HOUSING TO MODERATE INCOME INDIVIDUALS IN THECOMMUNITY.
  2. $180,422 spent. NEIGHBORHOOD PLANNING AND PRESERVATION (NPP) - PRELIMINARY PHASE OF HOUSINGDEVELOPMENT: PREPARATION, IDENTIFICATION, PLANNING AND EXPLORATION OF ALLPOTENTIAL PROGRAMS TO BE PUT INTO EFFECT IN MANHATTAN VALLEY. INTERFACEWITH OTHER COMMUNITY INTERESTS, SPONSORS, BLOCK ASSOCIATIONS, LANDLORDSAND TENANTS FOR THE PURPOSE OF DEVELOPING, PRESERVING AND FINANCING LOW-INCOME HOUSING.
  3. $53,288 spent. NEIGHBORHOOD DEVELOMENT - IMPLEMENTATION OF ALL APPROVED PLANNING IDEASDEVELOPMENT THROUGH THE NPP PROGRAM, INCLUDING HEARINGS FOR APPROVAL BY THECOMMUNITY BOARD, IDENTIFICATION OF FINANCING, TOOLS, SUBSIDIES, GRANTS,LOANS, ETC., SELECTION OF DEVELOPMENT TEAM, ARCHITECT, ATTORNEY, ETC.
  4. $5,970 spent. DAY CARE AND PLAYGROUND-ASSISTANCE IN CREATING AND LOCATING FACILITIES FORA COMMUNITY CHILD CARE PROGRAM. BUILD AND MAINTAIN A PLAYGROUND USEDEXCLUSIVELY BY THE DAY CARE PROGRAM. THE ACTUAL PROGRAM IS RUN BY ANUNRELATED ENTITY.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since August 1988.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.