The Legacy Center Community Development Corporation
- Assets
- $102.5k
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 1
- Location
- Glendale, NY
- Founding
- 07/2010
- Data as of
- 12/2021
- EIN
- 27-1033434
Organization Overview
The Legacy Center Community Development Corporation is located in Glendale, NY. The organization was established in 2010. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy Center Community 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 12/2021, Legacy Center Community Development Corporation generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $3.4m during the year ending 12/2021. While expenses have increased by 22.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CHANGE THE COMMUNITIES OF BUSHWICK, RIDGEWOOD, GLENDALE AND EAST NEW YORK FOR THE GOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARKETPLACE - AT THE LEGACY CENTER, THE MARKETPLACE WAS DEVELOPED TO FIGHT AGAINST THE EFFECTS OF POVERTY AND UNDEREMPLOYMENT. BY PROVIDING FREE GROCERIES FUNDED THROUGH VARIOUS ENTITITES AND DONOR'S WITH A PASSION FOR BEING A HELPING HAND IN THE TIME OF NEED. CONTINUED SUPPORT FROM PARTNERS SUCH AS TRADER JOE'S, FOOD BANK OF NY AND LOCAL MARKETS. DURING THE BEGINNING OF THE PANDEMIC OF 2020, THOUGH WE DOWNSIZED IN STAFF AND LOST VOLUNTEERS, WE WERE ABLE TO CONTINUE TO SERVE FAMILIES WITHIN THE LOCAL COMMUNITY. IN ADDITION, ALL OF OUR GUESTS RECEIVED INFORMATION ABOUT PARTNERING AGENCIES FOR ADDITIONAL SUPPORT AND RESOURCES. (I.E. JOB PLACEMENT AND TRAINING, HOUSING, IMMIGRATION SERVICES, ETC)
IN AN EFFORT TO PRESERVE FAMILY TRADITIONS AND VALUES, THE LEGACY CENTER IS INTENTIONAL ABOUT MAKING THE HOLIDAYS BRIGHTER FOR OUR UNEMPLOYED, UNDEREMPLOYED AND UNDERSERVED COMMUNITY MEMBERS. TO THE END, WE PROVIDE MEALS AND GIFTS DURING THE HOLIDAYS AND SPECIAL OCCASIONS. FAMILIES ARE ABLE TO PREPARE THESE MEALS FOR THEMSELVES. THEY ARE ABLE TO GIVE A GIFT TO THEIR CHILDREN ON CHRISTMAS MORNING. WE ARE ABLE TO SUPPLY CHILDREN WITH SUPPLIES. THESE INITIATIVES CONTINUE TO BE SUPPORTED BY (100%) ANONYMOUS PRIVATE DONORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jordan Durso General Secretary/ Interim Treasurer | OfficerTrustee | 20 | $36,483 |
Christopher Durso Chairman Of The Board | OfficerTrustee | 10 | $0 |
Samuel Arce Vice-Chairman | OfficerTrustee | 1 | $0 |
Michael Durso Board Member | OfficerTrustee | 0.5 | $0 |
Gilberto Hernandez Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,373,742 |
| Noncash contributions included in lines 1a–1f | $3,210,192 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,373,742 |
| Total Program Service Revenue | $0 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $3,374,071 |
| 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. | $36,484 |
| Compensation of current officers, directors, key employees. | $9,121 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,590 |
| Payroll taxes | $195 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,013 |
| Office expenses | $19,355 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $83,421 |
| Travel | $12,442 |
| 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 | $2,647 |
| Insurance | $14,124 |
| All other expenses | $3,210,192 |
| Total functional expenses | $3,399,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,206 |
| Savings and temporary cash investments | $11,311 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $969 |
| Inventories for sale or use | $2 |
| Prepaid expenses and deferred charges | $22,035 |
| Net Land, buildings, and equipment | $13,737 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,723 |
| Total assets | $102,483 |
| Accounts payable and accrued expenses | $20,598 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $20,598 |
| Net assets without donor restrictions | $74,544 |
| Net assets with donor restrictions | $7,341 |
| 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 | $102,483 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Legacy Center Community Development Corporation has recieved totaling $18,228.
| Awarding Organization | Amount |
|---|---|
City Harvest Inc Brooklyn, NY PURPOSE: CAPACITY BUILDING | $14,228 |
Safelite Charitable Foundation Columbus, OH PURPOSE: HELP ORG SERVE CHARITY | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Economic Opportunity Council Of Suffolk Inc Patchogue, NY | $6,210,341 | $18,971,000 |
Usw District 10 Local 286 Welfare Trust Fund Philadelphia, PA | $8,668,111 | $17,307,586 |
Integrated Community Alternatives Network Inc Utica, NY | $14,279,832 | $19,265,883 |
Northern Manhattan Improvement Corp New York, NY | $8,451,430 | $18,004,122 |
Veterans Inc Worcester, MA | $18,236,837 | $18,440,204 |
Pennreach Allentown, NJ | $5,187,786 | $15,924,501 |
Chautauqua Opportunities Inc Dunkirk, NY | $6,065,142 | $15,802,051 |
Commission On Economic Opportunity For The Rensselaer County Area Inc Troy, NY | $18,234,515 | $14,616,169 |
Phipps Neighborhoods Inc New York, NY | $46,342,034 | $30,198,997 |
Delaware Opportunities Inc Hamden, NY | $6,012,612 | $14,102,184 |
Liberty Lutheran Housing Development Corporation State College, PA | $52,974,358 | $15,701,429 |
Painters District Council No 4 S U B Fund Cheektowaga, NY | $33,742,384 | $15,066,465 |