North Brooklyn Development Corporation
- Assets
- $2.2m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 67
- Location
- Brooklyn, NY
- Founding
- 07/1981
- Data as of
- 06/2023
- EIN
- 11-2555446
Organization Overview
North Brooklyn Development Corporation is located in Brooklyn, NY. The organization was established in 1981. According to its NTEE Classification (P28) the organization is classified as: Neighborhood Centers, under the broad grouping of Human Services and related organizations. As of 06/2023, North Brooklyn Development Corporation employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Brooklyn Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, North Brooklyn Development Corporation generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $1.2m during the year ending 06/2023. While expenses have increased by 5.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
NORTH BROOKLYN DEVELOPMENT CORPORATION WAS FORMED TO ASSIST,PROMOTE, ENCOURAGE AND STIMULATE THE CONSTRUCTION AND/OR REHABILITATION OF RESIDENTIAL BUILDINGS IN BLIGHTED OR UNDERDEVELOPED AREAS OF BROOKLYN,NY
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFTER SCHOOL PROGRAMS-NBDC HAS CONTINUED TO OPERATE AFTER SCHOOL PROGRAMS IN 3 LOCAL SCHOOLS FOR 390 ELEMENTARY SCHOOL STUDENTS AGES 6 TO 11. THE PROGRAM OPERATES @ 3 HOURS A DAY 5 DAYS A WEEK.IT PROVIDES A SAFE, HEALTHY, AND INTELLECTUALLY ENRICHING ENVIRONMENT OUTSIDE OF SCHOOL TIME.IT PROVIDES AN OPPORTUNITY FOR LOCAL SCHOOL CHILDREN TO PARTICIPATE IN NUMEROUS ART AND SCIENCE PROJECTS AND COMMUNITY SERVICE ACTIVITIES. DURING THE 2022-23 SCHOOL YEAR, THE PROGRAM WAS FULLY OPERATIONAL AND PROVIDED IN PERSON SERVICES.
ALL OTHER PROGRAM
NEIGHBORHOOD AND HOUSING PRESERVATION PROGRAM- DURING THE LAST 12 MONTHS WE HAD CLOSE TO 1500 VISITS TO OUR OFFICE BECAUSE OF HOUSING RELATED MATTERS. PROGRAM PROVIDED THE FOLLOWING SERVICES: INFORMATION AND ADVICE ON TENANT RIGHTS AND THEIR ENFORCEMENT THROUGH WORKSHOPS,TENANT ASSOCIATION MEETINGS, AND DURING INDIVIDUAL CONSULTATIONS, FINDING LEGAL HELP AND ASSISTING TENANTS IN HOUSEING COURT AS WELL AS WRITING LETTERS TO LANDLORDS AND HOUSING AGENCIES ON BEHALF OF TENANTS. OUR STAFF HAS ALSO PROVIDED INFORMATION AND ASSISTANCE IN LOCATING AND APPLYING FOR AFFORDABLE APARTMENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Mazur Executive Di | Officer | 35 | $179,620 |
Tony Argento Director | Trustee | 1 | $0 |
Mark Chroscielewsli Director | Trustee | 1 | $0 |
James P Maleady Director | Trustee | 1 | $0 |
Carol Szumski Director | Trustee | 1 | $0 |
Kevin M Thompson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,210,318 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,855 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,220,173 |
| Total Program Service Revenue | $0 |
| Investment income | $25,734 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,109 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,485,652 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $179,620 |
| Compensation of current officers, directors, key employees. | $44,905 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $756,777 |
| Pension plan accruals and contributions | $24,573 |
| Other employee benefits | $2,936 |
| Payroll taxes | $104,098 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,045 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,886 |
| Office expenses | $2,465 |
| Information technology | $5,930 |
| Royalties | $0 |
| Occupancy | $5,324 |
| Travel | $1,247 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,260 |
| All other expenses | $0 |
| Total functional expenses | $1,152,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,653,290 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $545,757 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,643 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,203,690 |
| Accounts payable and accrued expenses | $14,663 |
| Grants payable | $0 |
| Deferred revenue | $18,236 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,822 |
| Total liabilities | $40,721 |
| Net assets without donor restrictions | $2,162,969 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,203,690 |