2026-09-17T12:12:01-05:00 2026-06-30 333303535 EFPR ADVISORY LLC 6390 MAIN STREET SUITE 200 WILLIAMSVILLE NY 14221 990 2025-07-01 141941768 HUDSON YARDS DEVELOPMENT CORPORATION HUDS 9087381870 ONE LIBERTY PLAZA 14TH FLOOR NEW YORK NY 10006 SUSAN GIL TREASURER AND CONTROLLER 9087381870 2026-09-17 1 DAVID A URBAN CPA P00630018 7166340700 2026-09-17 2025 ANGELA R CAVALUZZI ONE LIBERTY PLAZA 14TH FLOOR NEW YORK NY 10006 10987770 0 X WWW.HYDC.ORG X 2005 NY MANAGES THE IMPLEMENTATION OF THE CITY OF NEW YORK'S ECONOMIC INITIATIVES FOR THE REDEVELOPMENT OF THE HUDSON YARDS AREA OF MANHATTAN, INCLUDING EXTENSION OF NO. 7 SUBWAY TO WEST 34TH ST, CONSTRUCTION OF PUBLIC AMENITIES INCLUDING PARKS AND PROPERTY ACQUISITION AS NECESSARY. 12 12 3 0 0 0 8356523 10985352 0 0 3908 2418 0 0 8360431 10987770 0 0 0 0 894204 977973 0 0 0 7411482 10036254 8305686 11014227 54745 -26457 2212498 2934490 2100119 2848568 112379 85922 SEE SCHEDULE OTO COORDINATE AND FACILITATE THE ECONOMIC DEVELOPMENT OF THE HUDSON YARDS AREA OF MANHATTAN. THIS INCLUDES CONSTRUCTION OF AN EXTENSION TO THE NO. 7 SUBWAY LINE, THE COORDINATION OF THE DESIGN AND CONSTRUCTION OF CERTAIN PUBLIC AMENITIES INCLUDING PARKS AND PROPERTY ACQUISITION AS NECESSARY. 0 0 10009657 THE ORGANIZATION CONTRACTS WITH OUTSIDE LEGAL COUNSEL AND OTHER CONSULTANTS FOR SERVICES IN SUPPORT OF PROPERTY ACQUISITION, DEVELOPMENT AND DESIGN SERVICES. 10009657 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 0 1 0 0 1 1 1 1 0 X SUSAN GIL TREASURER AND CONTROLLER 9087381870 ONE LIBERTY PLAZA FLOOR 14 NEW YORK NY 10006 JULIE SU DIRECTOR 1.00 X 0 0 0 JULIA KERSON DIRECTOR 1.00 X 0 0 0 SIDEYA SHERMAN DIRECTOR 1.00 X 0 0 0 DINA LEVY DIRECTOR 1.00 X 0 0 0 TRICIA SHIMAMURA DIRECTOR 1.00 X 0 0 0 KENNY MINAYA DIRECTOR 1.00 X 0 0 0 SHERIF SOLIMAN DIRECTOR 1.00 X 0 0 0 JEANNY PAK DIRECTOR 1.00 X 0 0 0 MARK LEVINE DIRECTOR 1.00 X 0 0 0 JULIE MENIN DIRECTOR 1.00 X 0 0 0 BRAD HOYLMAN-SIGAL DIRECTOR 1.00 X 0 0 0 LESLIE BOGHOSIAN MURPHY DIRECTOR 1.00 X 0 0 0 ADRIENNE ADAMS DIRECTOR (TILL 4/28/26) 1.00 X 0 0 0 ADOLFO CARRION DIRECTOR (TILL 4/28/26) 1.00 X 0 0 0 JESSICA CHAIT DIRECTOR (TILL 4/28/26) 1.00 X 0 0 0 SUSAN DONOGHUE DIRECTOR (TILL 4/28/26) 1.00 X 0 0 0 DAN GARODNICK DIRECTOR (TILL 4/28/26) 1.00 X 0 0 0 DUNISHAL GROSS DIRECTOR (TILL 4/28/26) 1.00 X 0 0 0 JACQUES JIHAJ DIRECTOR (TILL 4/28/26) 1.00 X 0 0 0 ANDREW KIMBALL DIRECTOR (TILL 4/28/26) 1.00 X 0 0 0 BRAD S LANDER DIRECTOR (TILL 4/28/26) 1.00 X 0 0 0 MARK LEVINE DIRECTOR (TILL 4/28/26) 1.00 X 0 0 0 JEFFREY D ROTH DIRECTOR (TILL 4/28/26) 1.00 X 0 0 0 AHMED TIGANI DIRECTOR (TILL 4/28/26) 1.00 X 0 0 0 ANGELA CAVALUZZI PRESIDENT 35.00 X 299299 0 42060 LINCOLN PATEL VICE PRESIDENT AND COUNSEL 35.00 X 256590 0 108576 SUSAN GIL TREASURER AND CONTROLLER 35.00 X 117734 0 64081 673623 0 214717 3 0 1 0 0 10985352 10985352 2418 2418 10987770 0 0 2418 936331 936331 41642 41642 11300 11300 3678 3678 4860 4860 2023 2023 2733 2733 PROJECT EXPENSES 10009657 10009657 DUES AND SUBSCRIPTIONS 2003 2003 11014227 10009657 1004570 0 182858 181789 2024036 2748862 191 5413 3839 2212498 2934490 2100119 2848568 2100119 2848568 X 112379 85922 112379 85922 2212498 2934490 -26457 0 X X 0 1 X 1 0 X 2999953 4692400 8197979 8356523 10985352 35232207 2999953 4692400 8197979 8356523 10985352 35232207 35232207 27 2153 3752 3908 2418 12258 35244465 0.99970 0.99960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 10987770 0 10987770 0 10987770 11014227 0 11014227 0 11014227 X 0 0 0 0 0 0 0 0 0 LINCOLN PATEL VICE PRESIDENT AND COUNSEL 243289 0 0 0 13301 0 37631 0 70945 0 365166 0 0 0 ANGELA CAVALUZZI PRESIDENT 269912 0 0 0 29387 0 41902 0 158 0 341359 0 0 0 SUSAN GIL TREASURER AND CONTROLLER 116328 0 0 0 1406 0 18037 0 46044 0 181815 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION SHALL HAVE THIRTEEN (13) MEMBERS, BEING THE PERSONS HOLDING THE FOLLOWING OFFICES WITHIN THE GOVERNMENT OF THE CITY OF NEW YORK(THE CITY) OR SPECIFIED OFFICES OF ENTITIES AFFILIATED WITH THE CITY, OR OFFICES SUCCESSOR TO THE SAME: (A) CHAIR FOR MANHATTAN COMMUNITY BOARD 4, (B) CHAIRPERSON FOR DEPARTMENT OF CITY PLANNING COMMISSION, (C) CITY COUNCILMEMBER FOR DISTRICT 3, (D) COMMISSIONER FOR DEPARTMENT OF HOUSING PRESERVATION & DEVELOPMENT, (E) COMMISSIONER FOR DEPARTMENT OF PARKS AND RECREATION, (F) COMMISSIONER FOR DEPARTMENT OF SMALL BUSINESS SERVICES, (G) DEPUTY MAYOR FOR ECONOMIC JUSTICE, (H) DEPUTY MAYOR FOR OPERATIONS, (I) DIRECTOR FOR OFFICE OF MANAGEMENT AND BUDGET, (J) MANHATTAN BOROUGH PRESIDENT, (K) NEW YORK CITY COMPTROLLER, (L) PRESIDENT FOR ECONOMIC DEVELOPMENT CORPORATION, (M) SPEAKER OF THE CITY COUNCIL. SUCH MEMBERSHIP SHALL BE DIVIDED INTO 13 SECTIONS (EACH A MEMBERSHIP SECTION), WITH EACH INDIVIDUAL MEMBERSHIP COMPRISING A SECTION, DENOMINATED SECTION A THROUGH SECTION M AS INDICATED ABOVE. EACH MEMBERSHIP SECTION SHALL CONSTITUTE A SPECIAL MEMBERSHIP SECTION PURSUANT TO SECTION 703 OF THE NOT-FOR-PROFIT CORPORATION LAW. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBERSHIP SECTION OF THE CORPORATION SHALL BE ENTITLED TO ELECT ONE DIRECTOR AND ONE ALTERNATE DIRECTOR. DIRECTORS AND ALTERNATE DIRECTORS SHALL BE ELECTED AT THE ANNUAL MEETING OF THE MEMBERS, PROVIDED THAT ANY VACANCY IN ANY MEMBERSHIP SECTION'S DIRECTOR OR ALTERNATE DIRECTOR POSITIONS MAY BE FILLED BY THAT MEMBERSHIP SECTION AT THE NEXT ANNUAL MEETING OF MEMBERS OR ANY SPECIAL MEETING OF THE MEMBERS CALLED FOR THAT PURPOSE. EACH MEMBER SHALL ELECT HIM OR HERSELF AS A DIRECTOR. THE ELECTION OF EACH ALTERNATE DIRECTOR SHALL BE MADE IN REFERENCE TO AN OFFICE OR POSITION THEN HELD BY THE ALTERNATE DIRECTOR, AND THE ALTERNATE DIRECTOR SHALL SERVE EX OFFICIO. FORM 990, PART VI, SECTION A, LINE 7B ANY ALTERNATE DIRECTOR MAY BE REMOVED, WITH OR WITHOUT CAUSE, AT ANY MEETING OF MEMBERS, BY THE MEMBER WHO ELECTED SUCH ALTERNATE DIRECTOR, OR SUCH MEMBER'S PROXY. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT ACCOUNTANT PREPARES THE ANNUAL FORM 990 AND SUBMITS IT TO LINCOLN PATEL, VICE PRESIDENT AND COUNSEL, AND SUSAN GIL, TREASURER AND CONTROLLER, FOR REVIEW. ONCE THE VICE PRESIDENT AND COUNSEL APPROVES, IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12 HYDC ENFORCES COMPLIANCE WITH ITS CONFLICTS OF INTEREST POLICY. ALL HYDC EMPLOYEES ARE SUBJECT TO THE CITY OF NEW YORK'S CONFLICTS OF INTEREST RULES AND REGULATIONS BY VIRTUE OF HYDC EMPLOYMENT POLICIES AND ARE ALSO SUBJECT TO HYDC'S OWN WRITTEN CODE OF ETHICS POLICY. THE CITY'S CONFLICTS OF INTEREST POLICY IS SET FORTH IN CHAPTER 68 OF THE NEW YORK CITY'S CHARTER, WHICH IS INCLUDED IN THE HYDC MANUAL. ALL EMPLOYEES ARE REQUIRED TO ACKNOWLEDGE UNDERSTANDING AND COMPLIANCE WITH THE MANUAL'S DIRECTIVES AS A CONDITION OF EMPLOYMENT. THE ORGANIZATION FOLLOWS SEC. 12-110 OF THE NYC ADMINISTRATIVE CODE, ACCORDING TO WHICH THE FOLLOWING CATEGORIES OF PEOPLE ARE REQUIRED TO FILE THE CITY OF NEW YORK'S CONFLICTS OF INTEREST BOARD'S FINANCIAL REPORT EACH YEAR. AGENCY HEAD, DEPUTY AGENCY HEAD, ASSISTANT AGENCY HEAD AND MEMBER OF ANY BOARD OF COMMISSION AND ANY PERSON WHOSE RESPONSIBILITIES INVOLVE THE INDEPENDENT EXERCISE OF MANAGERIAL OR POLICYMAKING FUNCTIONS, AS ANNUALLY DETERMINED BY THE APPOINTING AUTHORITY OF HIS OR HER AGENCY. ANY EMPLOYEE WHOSE DUTIES INVOLVE THE NEGOTIATION, AUTHORIZATION OR APPROVAL OF CONTRACTS, LEASES, FRANCHISES, REVOCABLE CONSENTS, CONCESSIONS AND APPLICATION OF ZONING CHANGES, VARIANCES AND SPECIAL PERMITS, AS DEFINED BY HIS OR HER AGENCY HEAD OR EMPLOYER. FORM 990, PART VI, SECTION B, LINE 15 CORPORATION POLICY ON SALARY, COMPENSATION, REIMBURSEMENTS, TIME AND ATTENDANCE. THE SENIOR MANAGEMENT OF HYDC CONSISTS OF ITS PRESIDENT, VICE PRESIDENT AND COUNSEL AND TREASURER AND CONTROLLER. THE SALARY OF THE PRESIDENT SHALL BE COMMENSURATE WITH THE SALARIES OF COMMISSIONERS UNDER THE MAYOR'S PERSONNEL ORDERS REGARDING MANAGERIAL PAY PLANS. THE SALARY OF THE VICE PRESIDENT AND COUNSEL SHALL BE COMMENSURATE WITH THE AMOUNT OF SALARY RECEIVED BY DEPUTY COMMISSIONERS. THE POLICIES REGARDING OTHER COMPENSATION (INCLUDING PENSION), REIMBURSEMENT, TIME AND ATTENDANCE OF SENIOR MANAGEMENT SHALL BE SUBSTANTIALLY SIMILAR TO THE POLICIES FOR THE NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION AND SHALL BE SET FORTH IN A PERSONNEL HANDBOOK THAT IS APPLICABLE TO ALL EMPLOYEES OF HYDC. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990, GOVERNING DOCUMENTS AND CONFLICTS OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.