Old Brooklyn Community Development Corp
- Assets
- $2.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 18
- Location
- Cleveland, OH
- Founding
- 05/1976
- Data as of
- 06/2022
- EIN
- 34-1177633
Organization Overview
Old Brooklyn Community Development Corp is located in Cleveland, OH. The organization was established in 1976. 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. As of 06/2022, Old Brooklyn Community Development Corp employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old Brooklyn Community Development Corp 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 06/2022, Old Brooklyn Community Development Corp generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 7.3% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF OBCDC IS TO GROW OLD BROOKLYN THROUGH EMPOWERED PARTNERSHIPS, LEADERSHIP, PROGRAMMING, AND ADVOCACY.
Describe the Organization's Program Activity:
RESIDENTIAL SERVICES OBCDC PROVIDES SERVICES TO NEIGHBORHOOD RESIDENTS. THIS IS BOTH AN EMPHASIS ON QUALITY OF LIFE ENHANCEMENTS AS WELL AS A FOCUS ON RESIDENTIAL REHABILITATION AND RENOVATIONS IN OLD BROOKLYN. WITH AN EMPHASIS ON COMMUNITY HEALTH, OBCDC ASSESSES AND INTERVENES ON THE HEALTH OF THE NEIGHBORHOOD IN RELATION TO GREENSPACE, FOOD ACCESS, TRANSPORTATION, ECONOMIC OPPORTUNITY, CHRONIC DISEASE, RESOURCE AVAILABILITY, AND SUBSTANCE USE. OBCDC CONNECTS RESIDENTS TO RESOURCES AND PROGRAMS FOR HOME REPAIR, HOSTS EDUCATIONAL CLASSES ON HOME PURCHASES AND HOME REPAIRS, COMPLETES SAFE AND SECURE REPAIRS FOR LOW-INCOME SENIOR CITIZENS, DISTRIBUTES ENERGY EFFICIENT LIGHT BULBS FOR OUTDOOR USAGE THAT PROMOTES SAFETY, ENCOURAGES PROPERTY OWNERS TO VOLUNTARILY COMPLY WITH THE CLEVELAND BUILDING CODE, MONITORS PROPERTIES THROUGH THE CLEVELAND HOUSING COURT, PROVIDES RAIN BARRELS AND STREET TREES TO HOMEOWNERS, AND ORGANIZES HOMEOWNERS AROUND SAFETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Verespej Former Exec | Officer | 40 | $74,682 |
Lucas Reeve Incoming Exe | Trustee | 40 | $67,473 |
Mike Carpanis Board Member | Trustee | 3 | $23,738 |
Adam Saurwein Board Member | Trustee | 3 | $7,134 |
Marlon Brown Board Member | OfficerTrustee | 6 | $0 |
David Margolius Board Presid | OfficerTrustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $725,658 |
| All other contributions, gifts, grants, and similar amounts not included above | $487,658 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,213,316 |
| Total Program Service Revenue | $77,784 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $77,269 |
| 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 | $1,368,369 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $593,898 |
| Pension plan accruals and contributions | $6,001 |
| Other employee benefits | $108,021 |
| Payroll taxes | $46,346 |
| Fees for services: Management | $4,456 |
| Fees for services: Legal | $3,198 |
| Fees for services: Accounting | $56,104 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,850 |
| Advertising and promotion | $69,803 |
| Office expenses | $24,047 |
| Information technology | $11,233 |
| Royalties | $0 |
| Occupancy | $72,904 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,904 |
| Interest | $48,322 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,495 |
| Insurance | $16,268 |
| All other expenses | $817 |
| Total functional expenses | $1,297,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,159 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $110,233 |
| Accounts receivable, net | $24,319 |
| 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 | $11,656 |
| Net Land, buildings, and equipment | $1,199,728 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $734,070 |
| Total assets | $2,189,165 |
| Accounts payable and accrued expenses | $105,797 |
| Grants payable | $80,000 |
| 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 | $1,413,875 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,203 |
| Total liabilities | $1,620,875 |
| Net assets without donor restrictions | $497,124 |
| Net assets with donor restrictions | $71,166 |
| 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 | $2,189,165 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Old Brooklyn Community Development Corp has recieved totaling $122,450.
| Awarding Organization | Amount |
|---|---|
Cleveland Foundation Cleveland, OH PURPOSE: COMMUNITY AMBASSADOR: MODEL SCALING | $80,000 |
William O & Gertrude Lewis Frohring Foundation Inc Wilmington, DE PURPOSE: BRIGHTON PLACEMAKING | $20,000 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $10,000 |
In Our Backyards Inc Brooklyn, NY PURPOSE: FUNDING FOR BEN FRANKLIN COMMUNITY GARDEN'S NEW PAVILION | $7,450 |
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: BRIGHTON PARK: GREENSPACE REVITALIZATION, ACCESS, AND EQUITY | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentucky River Foothills Development Council Inc Richmond, KY | $12,381,295 | $19,871,173 |
Community Action Of Southern Kentucky Incorporated Bowling Green, KY | $10,381,389 | $18,999,181 |
Northern Kentucky Community Action Commisson Inc Covington, KY | $8,823,439 | $18,121,235 |
University Circle Incorporated Cleveland, OH | $134,622,719 | $18,118,457 |
Foundation For Detroits Future Detroit, MI | $47,892,805 | $26,320,980 |
Usw District 10 Local 286 Welfare Trust Fund Philadelphia, PA | $8,668,111 | $17,307,586 |
Economic And Community Development Institute Inc Columbus, OH | $78,355,876 | $19,971,101 |
Liberty Lutheran Housing Development Corporation State College, PA | $52,974,358 | $15,701,429 |
Mountainheart Community Servces Inc Oceana, WV | $5,735,709 | $13,660,570 |
West Ohio Community Action Partnership Lima, OH | $6,981,623 | $15,279,840 |
Community Action Program Commission Of The Lancaster-Fairfield County Lancaster, OH | $11,087,648 | $12,770,614 |
University City District Philadelphia, PA | $9,386,670 | $9,712,200 |