Overview
What is Brooklyn Navy Yard Development Corp?
The Brooklyn Navy Yard Development Corporation is a New York City-based nonprofit organization with a mission to manage the historic Brooklyn Navy Yard on behalf of the city. Their primary objective is to expand job opportunities for New Yorkers by fostering the growth of small businesses within the yard. The organization, with a team of 340 employees, plays a crucial role in overseeing the development of this vibrant business community, which provides valuable employment to local residents.
Official website here: www.brooklynnavyyard.org
What are the reviews and ratings of this charity?
Charity Navigator rates Brooklyn Navy Yard Development Corp with a score of 82%, resulting in a Three-Star out of Four Star rating. This rating reflects a solid performance in accountability and finance, with an impressive score of 81. The organization excels in community engagement and culture, achieving a perfect score of 100. Notably, it boasts a fully independent board, enhancing its governance and oversight.
The nonprofit demonstrates strong financial accountability through various measures, including a high program expense ratio of 78.95%. Furthermore, the organization has received full marks for its audit and oversight practices, ensuring that financial statements are transparent and well-managed. The feedback collection and usage also scored exceptionally high, indicating that the organization actively engages with its stakeholders.
However, the organization has a notable gap in its policies, particularly with the absence of a whistleblower policy, which received a score of 0 out of 4. Additionally, its liabilities to assets ratio at 65.05% suggests some financial concerns that may require attention. Overall, while Brooklyn Navy Yard Development Corp shows significant strengths, particularly in governance and community involvement, addressing policy shortcomings could further enhance its effectiveness and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Brooklyn Navy Yard Development Corp legitimate?
Brooklyn Navy Yard Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brooklyn Navy Yard Development Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,720,744
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,401,957
For more financial information, click here
Official website here: www.brooklynnavyyard.org
What is the mission statement of Brooklyn Navy Yard Development Corp?
The Brooklyn Navy Yard Development Corp is dedicated to managing the Brooklyn Navy Yard on behalf of New York City. Their primary goal is to expand job opportunities for New Yorkers by fostering the growth of small businesses. Through their efforts, they aim to create a vibrant business community that provides employment and economic growth for the city's residents. The organization focuses on supporting the development of small businesses, with the ultimate objective of increasing job opportunities and driving local economic growth. Their mission is to create an environment conducive to small business success, thus contributing to the overall prosperity of the community.
Official website here: www.brooklynnavyyard.org
Who is the CEO of Brooklyn Navy Yard Development Corp?
David Ehrenberg is the President And Ceo of Brooklyn Navy Yard Development Corp. The CEO's salary of Brooklyn Navy Yard Development Corp is $298,401 and their total compensation is $388,569.
Official website here: www.brooklynnavyyard.org
What is the revenue of Brooklyn Navy Yard Development Corp?
Brooklyn Navy Yard Development Corp's revenue in 2022 was $82,249,010.
Official website here: www.brooklynnavyyard.org
Who are the executives of Brooklyn Navy Yard Development Corp and what are their salaries?
The average compensation at Brooklyn Navy Yard Development Corp during 2022 was $47,420. There are 340 employees and 30 volunteers at Brooklyn Navy Yard Development Corp.
Here are 40 key members and their salaries (Brooklyn Navy Yard Development Corp's CEO's salary is $298,401 and their total compensation is $388,569):
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- Compensation: $298,401
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- Other: $55,882
Official website here: www.brooklynnavyyard.org
Where can I find the form 990 for Brooklyn Navy Yard Development Corp?
Brooklyn Navy Yard Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.brooklynnavyyard.org
Learn more at the official website: www.brooklynnavyyard.org
Mission Statement of Brooklyn Navy Yard Development Corp
The Brooklyn Navy Yard Development Corp, a key organization for the City of New York, is dedicated to managing the Brooklyn Navy Yard with a specific focus on expanding job opportunities for New Yorkers. Through fostering the growth of small businesses within the yard, this nonprofit aims to create a thriving economic environment that benefits the local community.
By overseeing the operations of the Brooklyn Navy Yard, the Development Corp plays a crucial role in facilitating the establishment and development of small businesses. These businesses not only provide employment opportunities for New Yorkers but also contribute to the economic vitality of the city. The Development Corp's mission is twofold: managing the yard and fostering the growth of small businesses, with the ultimate goal of expanding job opportunities for the residents of New York.
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Impact
October, 2024
The Brooklyn Navy Yard Development Corporation plays a crucial role in economic revitalization and community improvement by managing the Brooklyn Navy Yard and promoting the development of small businesses. This initiative expands job opportunities for New Yorkers, invigorating the local economy and fostering innovation.
By creating a dynamic environment where emerging businesses can thrive, the corporation supports workforce development and skill-building, ultimately benefiting the community as a whole. The emphasis on small business growth not only contributes to job creation but also enhances the neighborhood's vibrancy and resilience, making the Brooklyn Navy Yard a hub of economic activity and community engagement.
This information is meant to be a general summary of Brooklyn Navy Yard Development Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$15,373,037
- Program Service Revenue: $67,520,344
- Gross Receipts: $98,028,471
Assets and Liabilities:
- Total Assets: $1,009,962,823
- Total Liabilities: $672,260,011
- Net Assets: $337,702,812
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS
Revenue
$42,617,674
INTEREST LEASES
Revenue
$16,772,566
UTILITIES
Revenue
$6,825,343
INSURANCE
Revenue
$955,526
TENANT REIMBURSABLE CHARGES
Revenue
$313,235
Organization Details
Founding Year
1966
Phone
(718) 907-5931Principal Officer
David Ehrenberg
Main Address
141 FLUSHING AVENUE 801, BROOKLYN, NY, 11205
Website
www.brooklynnavyyard.orgNTEE Category
Code: S200 - Community improvement
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