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Rdc Commercial Center Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 112249649 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

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Overview

What is Rdc Commercial Center Inc?

Rdc Commercial Center Inc is a nonprofit organization based in Brooklyn, New York, specifically at 1368 Fulton Street. Their primary mission is to combat urban decay in the Bedford Stuyvesant area by developing and operating commercial and rental facilities. This initiative aims to stimulate job creation, foster business opportunities, and contribute to the revitalization of the commercial sector in this neighborhood. With a workforce of 20 individuals, Rdc Commercial Center Inc is actively working towards improving its community by promoting economic growth and community development.


Official website here: www.restorationplaza.org

Is Rdc Commercial Center Inc legitimate?

Rdc Commercial Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rdc Commercial Center Inc 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: $284,749
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,436,077

For more financial information, click here


Official website here: www.restorationplaza.org

What is the mission statement of Rdc Commercial Center Inc?

Rdc Commercial Center Inc's mission is to combat urban decay and stimulate commercial revitalization in a specific area. This is achieved by developing and operating commercial and rental facilities. The primary goal is to create job opportunities and business prospects, thereby contributing to the overall economic growth of the area. This initiative aims to revitalize the commercial sector and improve the local economy.


Official website here: www.restorationplaza.org

Who is the CEO of Rdc Commercial Center Inc?

Blondel A Pinnock is the President/Chair of Rdc Commercial Center Inc.


Official website here: www.restorationplaza.org

What is the revenue of Rdc Commercial Center Inc?

Rdc Commercial Center Inc's revenue in 2022 was $4,006,406.


Official website here: www.restorationplaza.org

Who are the executives of Rdc Commercial Center Inc and what are their salaries?

The average compensation at Rdc Commercial Center Inc during 2022 was $86,041. There are 20 employees and 4 volunteers at Rdc Commercial Center Inc.


Here are 6 key members and their salaries:


Colvin W Grannum (President/Chair)
  • Compensation: $0
  • Related: $310,777
  • Other: $43,267
Dyrnest Sinckler (Vp/ Vice Chair)
  • Compensation: $168,498
  • Related: $0
  • Other: $23,673
Chioma Ruth Onwumere (Treasurer)
  • Compensation: $0
  • Related: $92,316
  • Other: $9,923
Clarence Stewart (Vice President)
  • Compensation: $82,351
  • Related: $0
  • Other: $11,272
Doris Rowley Hoyte (Secretary)
  • Compensation: $0
  • Related: $75,194
  • Other: $11,272
Timothy Simons (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.restorationplaza.org

Where can I find the form 990 for Rdc Commercial Center Inc?

Rdc Commercial Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.restorationplaza.org

Learn more at the official website: www.restorationplaza.org

Mission Statement of Rdc Commercial Center Inc

Rdc Commercial Center Inc, a nonprofit organization, is committed to combating urban decay and stimulating commercial revitalization. To achieve this mission, the organization focuses on developing and operating commercial and rental facilities. This strategic approach aims to create job opportunities and business prospects within the community, thereby contributing to the overall economic growth and development. By engaging in such activities, Rdc Commercial Center Inc plays a vital role in revitalizing the commercial sector, thereby enhancing the overall livability and appeal of the community.

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Impact




October, 2024

Rdc Commercial Center Inc plays a significant role in revitalizing the Bedford Stuyvesant neighborhood of Brooklyn, NY. By developing and operating commercial and rental facilities, the organization directly addresses urban decay and fosters a thriving local economy. This initiative not only creates jobs but also opens up business opportunities for residents, helping to build a more sustainable community.

The impact extends beyond economic growth; by stimulating commercial revitalization, Rdc helps to enhance the overall quality of life in the area. This reduces blight, attracts investment, and encourages local entrepreneurship, creating a vibrant atmosphere that can draw in both new residents and visitors. As a result, Rdc Commercial Center Inc serves as a catalyst for positive transformation in Bedford Stuyvesant, contributing to community improvement and resilience.




This information is meant to be a general summary of Rdc Commercial Center Inc. 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.

Revenue
$4,006,406 (2022)
Expenses
$5,469,305 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $59
  • Program Service Revenue: $3,543,971
  • Gross Receipts: $4,006,406

Assets and Liabilities:

  • Total Assets: $14,263,008
  • Total Liabilities: $26,654,046
  • Net Assets: -$12,391,038

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Rental Income

Revenue

$3,543,971

Organization Details

Founding Year

1992

Principal Officer

Blondel A Pinnock

Main Address

1368 Fulton Street, Brooklyn, NY, 11216

NTEE Category

Code: S310 - Community improvement

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