Workforce Development Corporation

NEW YORK, NY EIN: 13-3632018

Promote workforce development and job creation through activities specifically designed to create skilled workforce in the City of New York.

Financial Overview

From 2024 IRS Form 990-PF

Total Assets

$8.4M

-29.4% YoY

Annual Giving

$5.9M

+2.7% YoY

Grant Count

60

-9.1% YoY

Avg Grant Size

$98K

+13.0% YoY

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$10M$19M$29M$39M20202021202220232024
Metric202420232022
Total Assets$8,421,801$11,923,419$11,524,641
Revenue$9,870,332$6,976,548$9,301,383
Expenses$10,462,821$7,853,942$9,671,921
Qualifying Distributions
Net Investment Income$106,232$121,839$9,100
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$2M$4M$6M$8M3 grants20203 grants2021135 grants202266 grants202360 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Hot Bread Kitchen LTD$1.2MUnion Settlement Associa…$740KRoundabout Theatre Company$569KFullstack Academy LLC$549KLEAP Inc dba Brooklyn Wo…$522KUptown Grand Central Corp$270KForum for Urban Design D…$250KUrbane Development Group…$148KEmpowered Hospitality LLC$146KBest Mechanical Services…$125K

Grant Size Distribution

267 grants across all recorded years

207<$50K21$50–100K15$100–250K12$250–500K8$500K–1M4$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Who else does Workforce Development Corporation fund?

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

Chenelle DennisExecutive Director$139K

From 2024 filing

NameTitleHoursCompensation
Chenelle DennisExecutive Director35$139,050
Dynishal GrossCommissioner0.5
Anthony DellolioGeneral Counsel0.5
Yurij PawlukDeputy Commissioner0.5
Michael ForteExecutive Deputy Commissioner0.5
Leah HebertDeputy Director0.5
David BermanDirector0.5
Chris NealSenior Advisor0.5
Abby Jo SigalExecutive Director0.5
Calvin BrownDeputy Commissioner0.5
Ismail MohamedTreasurer0.5

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

7states

Cities

AlbanyAstoriaBostonBronxBrooklynChicagoCoronaEast RockawayElmhurstFar RockawayFlushingForest HillsFort CollinsIndianapolisJackson HeightsJamaicaKew GardensLiverpoolLong Island CityNew York

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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