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Hudson Yards Development Corporation
Hudson Yards Development Corporation reported $11.0 million in revenue and $11.0 million in expenses for the fiscal year ending June 30, 2026. Of every $100 it spent, $90.88 went to program services, $9.12 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 100.0% of the total. Government grants made up 100.0%. The highest compensation it reported for one person was $365,166 (VICE PRESIDENT AND COUNSEL). 3 people received more than $100,000 in reportable compensation. Revenue rose 711% between FY2020 and FY2026. Source: Form 990, FY2026.
Where $100 of spending went
The fiscal year ending June 30, 2026 · Form 990, Part IX, line 25 · total expenses $11MFor context, the median across 480 covered community improvement & capacity building charities: $90.44 programs, $9.34 management, $0.22 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2026 · Form 990, Part VIII · total revenue $11MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2026 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 90.9% | 89.0% |
| Management & general Part IX 25(C) ÷ 25(A) | 9.1% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 100.0% | 81.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 100.0% | 15.4% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 10.4% |
| Highest reported compensation Part VII-A, columns D–F | $365,166 | $292,325 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 3.32% | 1.48% |
| People paid over $100,000 Part VII, line 2 | 3 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 0.1 | 8.9 |
| Independent voting board members Part VI 1a–1b | 12 of 12 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2026 · Form 990, Part III · the three largest programs by expenseHighest reported compensation
FY2026 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| VICE PRESIDENT AND COUNSEL Officer, 35.00 hrs/week | $256,590 | $0 | $108,576 | $365,166 |
| PRESIDENT Officer, 35.00 hrs/week | $299,299 | $0 | $42,060 | $341,359 |
| TREASURER AND CONTROLLER Officer, 35.00 hrs/week | $117,734 | $0 | $64,081 | $181,815 |
3 people received more than $100,000 in reportable compensation from Hudson Yards Development Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $936K (Part IX, line 5).
7 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked| Filing | Revenue | Expenses | Programs | Net assets | Top pay |
|---|---|---|---|---|---|
| FY2026 ⓘ | $11M | $11M | 90.9% | $85,922 | $365,166 |
| FY2025 ⓘ | $8.4M | $8.3M | 88.9% | $112K | $338,165 |
| FY2024 ⓘ | $8.2M | $8.2M | 89.1% | $57,634 | $345,213 |
| FY2023 ⓘ | $4.7M | $4.7M | 79.8% | $75,555 | $305,223 |
| FY2022 ⓘ | $3.0M | $3.0M | 69.7% | $61,667 | $252,439 |
| FY2021 ⓘ | $1.1M | $1.0M | 21.3% | $31,294 | $195,927 |
| FY2020 ⓘ | $1.4M | $1.4M | 51.6% | −$14,978 | $197,173 |
Governance answers, as filed
FY2026 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b12 · 12 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 53
Private foundation grants it received
1 private foundation reported grants to Hudson Yards Development Corporation totaling $50 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Hudson Yards Development Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Hudson Yards Development Corporation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Hudson Yards Development Corporation spent in FY2026, $90.88 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Hudson Yards Development Corporation's spending goes to programs?
In the fiscal year ending June 30, 2026, Hudson Yards Development Corporation reported that 90.9% of its $11.0 million in expenses went to program services, 9.1% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Hudson Yards Development Corporation pay its top executive?
The largest total compensation Hudson Yards Development Corporation reported for one person in the fiscal year ending June 30, 2026 was $365,166, for the role of VICE PRESIDENT AND COUNSEL (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Hudson Yards Development Corporation get its money?
Of $11.0 million in revenue in the fiscal year ending June 30, 2026, 100.0% came from contributions and grants (including 100.0% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).
Is Hudson Yards Development Corporation a registered charity?
The IRS lists EIN 14-1941768 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2026: Form 990 for the fiscal year ending June 30, 2026, object 202602609349300010 · read the filing · XML
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202502669349301805 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202500159349300780 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202400269349301335 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331289349302658 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231319349301418 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202012899349302326 · read the filing
All filings for EIN 14-1941768: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.