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Community Development : Housing and Neighborhood Development

Staten Island Economic Development Corporation (SIEDC)

Leading in Action

three stars

86.23

900 South Avenue Suite 402
Staten Island, NY 10314
tel: (718) 477-1400   Web Site
EIN: 13-3706442

Board Leadership
Ralph Branca
Chairman

CEO
Cesar Claro
President & CEO

  Score
(out of 100)
Rating
Overall Score & Rating 86.23 three stars
  Financial 83.94 three stars
  Accountability & Transparency 89.00 three stars
This rating was published 09/03/2019 and includes data from FY2018, the most recent 990 received at that time.

Since 1993, the Staten Island Economic Development Corporation (SIEDC) has served as the lead advocates for economic development of Staten Island. SIEDC's mission is to enhance Staten Island's economy by promoting public and private investment, and encouraging responsible and sustainable development, all of which improve the quality of life and provide broad and diverse employment opportunities in the borough.

Since 1993, the Staten Island Economic Development Corporation (SIEDC) has served as the lead advocates for economic development of Staten Island. SIEDC's mission is to enhance Staten Island's economy by promoting public and private investment, and encouraging responsible and sustainable development, all of which improve the quality of life and provide broad and diverse employment opportunities in the borough.

Impact Information

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Financial

three stars

83.94

Accountability & Transparency

three stars

89.00

This rating was published 09/03/2019 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
79.1%
  Administrative Expenses 10.3%
  Fundraising Expenses 10.4%
  Fundraising Efficiency $0.15
  Working Capital Ratio (years) 0.47
  Program Expenses Growth 8.1%
  Liabilities to Assets 20.2%
All data for Financial Performance Metrics calculations was provided by Staten Island Economic Development Corporation (SIEDC) on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Staten Island Economic Development Corporation (SIEDC) on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Staten Island Economic Development Corporation (SIEDC) (NY) 86.23 three stars
Beyond Housing (MO) 92.20 four stars
Community Coalition (CA) 92.02 four stars
Downtown Cleveland Alliance (OH) 86.33 three stars
Fifth Avenue Committee (NY) 86.48 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $88,767
   Federated Campaigns $0
   Membership Dues $590,743
   Fundraising Events $0
   Related Organizations $0
   Government Grants $639,493
Total Contributions $1,319,003
   Program Service Revenue $644,683
Total Primary Revenue $1,963,686
   Other Revenue $178,563
TOTAL REVENUE $2,142,249
   
EXPENSES  
   Program Expenses $1,641,376
   Administrative Expenses $225,614
   Fundraising Expenses $227,802
TOTAL FUNCTIONAL EXPENSES $2,094,792
   
Payments to Affiliates $0
Excess (or Deficit) for the year $47,457
   
Net Assets $980,756

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Promote Business and Employment Growth $722,205 44.0%
Physical Development of the Borough $344,689 21.0%
Business Development $295,448 18.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-12 09/03/2019 86.23 three stars
2017-12 11/01/2018 86.03 three stars
2016-12 12/22/2017 87.06 three stars
2015-12 12/01/2016 86.82 three stars
2014-12 06/01/2016 78.00 two stars
 
CN 2.0
2014-12 12/22/2015 73.87 two stars
2013-12 06/01/2015 76.82 two stars
2012-12 02/01/2014 73.74 two stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 13-3706442
Name in IRS Master File STATEN ISLAND ECONOMIC DEVELOPMENT CORPORATION
NTEE Code S30
NTEE Classification Economic Development
NTEE Type Community Improvement, Capacity Building
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (200) Business promotion (chamber of commerce, business league, etc.
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date March, 1994
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$227,722 10.87% Cesar J. Claro President, CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Staten Island Economic Development Corporation (SIEDC) (NY) 86.23 three stars
Pillsbury United Communities (MN) 92.89 four stars
West Valley Community Services (CA) 87.65 three stars
Foundation for the Mid South (MS) 90.19 four stars
Local Initiatives Support Corporation (NY) 89.97 three stars

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Charity Contact Info

Staten Island Economic Development Corporation (SIEDC)
900 South Avenue
Suite 402
Staten Island, NY 10314
tel: (718) 477-1400
fax: (718) 477-0681
EIN: 13-3706442

Visit Web Site

Board Leadership

Ralph Branca
Chairman

CEO

Cesar Claro
President & CEO

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