Community Cares Local Development Corporation
- Assets
- $28.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/2016
- Data as of
- 06/2022
- EIN
- 81-1076978
Organization Overview
Community Cares Local Development Corporation is located in New York, NY. The organization was established in 2016. According to its NTEE Classification (F19) the organization is classified as: Support N.E.C., under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Cares Local 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 06/2022, Community Cares Local Development Corporation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.0% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO REDUCE AND RELIEVE ADULT UNEMPLOYMENT, PROMOTING AND PROVIDING FOR ADDITIONAL AND MAXIMUM ADULT EMPLOYMENT, BETTERING AND MAINTAINING JOB OPPORTUNITIES, INSTRUCTING OR TRAINING INDIVIDUALS TO IMPROVE OR DEVELOP THEIR CAPABILITIES FOR SUCH JOBS, CARRYING ON SCIENTIFIC RESEARCH FOR THE PURPOSE OF AIDING BROOKLYN, NEW YORK BY ATTRACTING NEW INDUSTRY TO SAID AREA OR BY ENCOURAGING DEVELOPMENT OF, OR RETENTION OF INDUSTRY IN THE SAID COMMUNITY OR AREA, AND LESSENING THE BURDENS OF GOVERNMENT AND ACTING IN THE PUBLIC INTEREST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUIRING, FINANCING, REHABILITATING, DEVELOPING, OPERATING AND LEASING A SOCIAL SERVICE HUB LOCATED IN BROOKLYN, NEW YORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jody Rudin Chair (started 10/2021) | OfficerTrustee | 1 | $0 |
Pamela Mattel Secretary (ended 12/2021) | OfficerTrustee | 1 | $0 |
Nikant Ohri Treasurer | OfficerTrustee | 1 | $0 |
David Woodlock Chair (ended 09/2021) | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mega Contracting Group Llc Contracting Services | 6/29/19 | $2,710,489 |
Dattner Architects Dpc Architectual Services | 6/29/19 | $104,083 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,185,195 |
| 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 | $1,185,195 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $71,901 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,237 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $103,039 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,625 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $422,920 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,195,777 |
| Insurance | $0 |
| All other expenses | $13,674 |
| Total functional expenses | $1,886,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,994 |
| 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 | $24,672,368 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,432,022 |
| Total assets | $28,251,384 |
| Accounts payable and accrued expenses | $53,709 |
| 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 | $27,975,154 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,309,555 |
| Total liabilities | $30,338,418 |
| Net assets without donor restrictions | -$2,087,034 |
| 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 | $28,251,384 |