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Community Development : Housing and Neighborhood Development

Staten Island Economic Development Corporation (SIEDC)

Leading in Action

82.73

201 Edward Curry Avenue Suite 103
Staten Island, NY 10314
tel: (718) 477-1400   Web Site
EIN: 13-3706442

Board Leadership
Ralph Branca
Chairman

CEO
Cesar Claro
President & CEO

Charity Navigator

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  Score
(out of 100)
Rating
Overall Score & Rating 82.73
  Financial 78.20
  Accountability & Transparency 89.00
This rating was published 12/01/2021 and includes data from FY2020, 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.

Financial

78.20

Accountability & Transparency

89.00

This rating was published 12/01/2021 and includes data from FY2020, 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)
78.7%
  Administrative Expenses 10.6%
  Fundraising Expenses 10.5%
  Fundraising Efficiency $0.14
  Working Capital Ratio (years) 0.68
  Program Expenses Growth -1.9%
  Liabilities to Assets 24.8%
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) 82.73
Center for Community Change (DC) 89.74
Hope Community (MN) 91.10
Logan Square Neighborhood Association (IL) 86.63
Pillsbury United Communities (MN) 87.28

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $230,070
   Federated Campaigns $0
   Membership Dues $659,806
   Fundraising Events $0
   Related Organizations $0
   Government Grants $539,790
Total Contributions $1,429,666
   Program Service Revenue $420,988
Total Primary Revenue $1,850,654
   Other Revenue $86,921
TOTAL REVENUE $1,937,575
   
EXPENSES  
   Program Expenses $1,307,508
   Administrative Expenses $206,017
   Fundraising Expenses $205,804
TOTAL FUNCTIONAL EXPENSES $1,719,329
   
Payments to Affiliates $0
Excess (or Deficit) for the year $218,246
   
Net Assets $1,377,773

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 $575,304 44.0%
Physical Development of the Borough $274,577 21.0%
Technical Assistance to Industrial Businesses $222,276 17.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2020-12 12/01/2021 82.73
2019-12 12/01/2020 79.46
2018-12 09/03/2019 86.23
2017-12 11/01/2018 86.03
2016-12 12/22/2017 87.06
2015-12 12/01/2016 86.82
2014-12 06/01/2016 78.00
 
CN 2.0
2014-12 12/22/2015 73.87
2013-12 06/01/2015 76.82
2012-12 02/01/2014 73.74

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, 2018
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
Compensation % of Expenses Paid to Title
$241,650 14.05% Cesar J. Claro President, CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Staten Island Economic Development Corporation (SIEDC) (NY) 82.73
Phillips Brook House Association (MA) 88.33
Community Coalition (CA) 91.65
KABOOM! (DC) 87.62
Metropolitan Planning Council (IL) 91.28

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Charity Contact Info

Staten Island Economic Development Corporation (SIEDC)
201 Edward Curry Avenue
Suite 103
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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