Fcbc Community Development Corporation
- Assets
- $76.9k
- Revenue
- $557.1k
- Investments
- $0.0
- Employees
- 3
- Location
- New York, NY
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-0711295
Organization Overview
Fcbc Community Development Corporation is located in New York, NY. The organization was established in 2014. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Fcbc Community Development Corporation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fcbc 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, Fcbc Community Development Corporation generated $557.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $570.8k during the year ending 12/2021. While expenses have increased by 13.7% 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 HELP DEVELOP AFFORABLE HOUSING AND PROVIDE EDUCATIONAL PROGRAMS AND ASSISTANCE TO THE RESIDENTS OF HARLEM , NYC
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO HELP DEVELOP AFFORABLE HOUSING AND PROVIDE EDUCATIONAL PROGRAMS AND ASSISTANCE TO THE RESIDENTS OF HARLEM , NYC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael A Walrond Jr Pres | Trustee | 5 | $0 |
Susan Chapman Bd Member | Trustee | 5 | $0 |
Charisse Ford Bd Member | Trustee | 5 | $0 |
Jamal Joseph Bd Member | Trustee | 5 | $0 |
Vivian Quaye Bd Member | Trustee | 5 | $0 |
Charles Powell Bd Member | Trustee | 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 | $492,494 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $492,494 |
| Total Program Service Revenue | $56,241 |
| Investment income | $0 |
| 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 | $557,111 |
| 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 | $231,216 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,204 |
| Payroll taxes | $17,687 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,087 |
| Advertising and promotion | $9,144 |
| Office expenses | $13,521 |
| Information technology | $14,365 |
| Royalties | $0 |
| Occupancy | $134,902 |
| Travel | $0 |
| 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 | $14,412 |
| All other expenses | $0 |
| Total functional expenses | $570,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,685 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,254 |
| Total assets | $76,939 |
| Accounts payable and accrued expenses | $2,521 |
| 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 | $2,521 |
| Net assets without donor restrictions | $74,418 |
| 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 | $76,939 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fcbc Community Development Corporation has recieved totaling $400.
| Awarding Organization | Amount |
|---|---|
Eberstadt Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quadrivium New York, NY | $52,883,139 | $7,776,109 |
Alliance For Downtown New York Inc New York, NY | $19,570,349 | $22,494,008 |
Cities For Financial Empowerment Fund Inc New York, NY | $14,654,854 | $7,980,604 |
Bottom Line Inc Boston, MA | $17,407,844 | $19,309,420 |
Cidny-Independent Living Services Inc Brooklyn, NY | $9,867,599 | $12,474,702 |
Neighborhood Stabilization Corporation Boston, MA | $29,880,510 | $6,854,139 |
Buffalo Urban Development Corporation Buffalo, NY | $100,186,156 | $9,769,050 |
Berks Community Action Program Inc Reading, PA | $2,377,966 | $7,401,234 |
Juvenile Justice Center Of Phila Philadelphia, PA | $3,150,884 | $6,364,511 |
The Fund For Parks And Recreation In Boston Boston, MA | $15,922,090 | $6,711,889 |
128 West Transportation Council Inc Waltham, MA | $2,138,696 | $3,791,714 |
Mass Mentoring Partnership Inc Boston, MA | $3,908,855 | $3,737,455 |