Overview
What is North Brooklyn Development Corp?
North Brooklyn Development Corp is a nonprofit organization committed to revitalizing Brooklyn, New York. By focusing on housing development and rehabilitation in underserved areas, they aim to improve living conditions and stimulate growth. Additionally, they provide tenant advocacy services to support local residents. Beyond these efforts, North Brooklyn Development Corp offers after-school programs tailored for elementary school students, fostering educational opportunities in the community.
Official website here: www.northbrooklyn.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
North Brooklyn Development Corp has achieved an impressive 96% score, reflecting strong financial health and operational transparency. The organization has demonstrated a commitment to accountability, with a fully independent board and robust financial oversight mechanisms. Their effective practice is highlighted by a high program expense ratio, indicating that a significant majority of their funds are directed towards their programs rather than administrative costs.
The charity’s adherence to best practices in governance is evident through their comprehensive policies on conflict of interest, whistleblower protections, and document retention. This proactive approach to oversight not only builds trust with donors but also ensures that the organization operates within ethical and legal standards. Additionally, the absence of any material diversion of assets further underscores their integrity.
However, while the financial metrics and governance structure are commendable, ongoing evaluation of program outcomes and impact could provide a fuller picture of the organization's effectiveness in fulfilling its mission. Overall, North Brooklyn Development Corp stands out as a reliable nonprofit with a solid foundation for sustainable operations.
This AI summary has been generated from information found on Charity Navigator.
Is North Brooklyn Development Corp legitimate?
North Brooklyn Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Brooklyn 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: $190,789
Professional Fundraising Fees: $0
Other Salaries and Wages: $735,141
For more financial information, click here
Official website here: www.northbrooklyn.org
What is the mission statement of North Brooklyn Development Corp?
The North Brooklyn Development Corporation's mission is centered around revitalizing communities, specifically in Brooklyn, New York. Their primary focus is on promoting and stimulating the construction or renovation of residential buildings in underdeveloped areas. In addition to this, they engage in tenant advocacy, working to safeguard the rights and interests of the local residents. Furthermore, the corporation extends its reach to elementary school students through after-school programs, aiming to provide them with educational resources beyond the classroom.
Official website here: www.northbrooklyn.org
What is the revenue of North Brooklyn Development Corp?
North Brooklyn Development Corp's revenue in 2024 was $1,496,467.
Official website here: www.northbrooklyn.org
Who are the executives of North Brooklyn Development Corp and what are their salaries?
The average compensation at North Brooklyn Development Corp during 2024 was $11,871. There are 78 employees at North Brooklyn Development Corp.
Here are 9 key members and their salaries:
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Official website here: www.northbrooklyn.org
Where can I find the form 990 for North Brooklyn Development Corp?
North Brooklyn Development Corp's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.northbrooklyn.org
Learn more at the official website: www.northbrooklyn.org
Mission Statement of North Brooklyn Development Corp
North Brooklyn Development Corporation (NBDC) is an organization dedicated to revitalizing communities by focusing on three key areas: housing development, tenant advocacy, and after-school programs for elementary students. NBDC's mission is to assist, promote, and stimulate the construction or rehabilitation of residential buildings in underdeveloped parts of Brooklyn, New York. By doing so, NBDC aims to breathe new life into these neighborhoods and enhance the living conditions for its residents.
In addition to its housing development initiatives, NBDC also champions the rights of tenants, acting as an advocate on their behalf. This advocacy work includes providing support and guidance to tenants in navigating challenges related to their housing situations. By standing up for the rights of tenants, NBDC plays a crucial role in ensuring that affordable housing remains accessible and that residents are treated fairly.
Beyond its housing and tenant advocacy efforts, NBDC is also committed to enriching the lives of local children. Through its after-school programs, it offers elementary students in Brooklyn an engaging and enriching learning environment. These programs provide a safe space for children to grow, learn, and develop, ultimately contributing to a stronger and more vibrant community. In summary, North Brooklyn Development Corporation's mission is to revitalize Brooklyn by focusing on housing development, tenant advocacy, and after-school programs for elementary students, thereby improving the lives of its residents and fostering a sense of community.
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Impact
July, 2024
North Brooklyn Development Corp's impact lies in revitalizing Brooklyn through housing development, tenant advocacy, and after-school programs for elementary students. Their efforts aim to assist, promote, encourage, and stimulate the construction and/or rehabilitation of residential buildings in blighted or underdeveloped areas of Brooklyn, NY. Overall, their work contributes to the improvement of communities, providing essential services to residents and fostering positive growth in the region.
This information is meant to be a general summary of North Brooklyn 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 2024.
- Investment Income: $87,852
- Gross Receipts: $1,542,020
Assets and Liabilities:
- Total Assets: $2,129,257
- Total Liabilities: $299,202
- Net Assets: $1,830,055
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Organization Details
Founding Year
1979
Principal Officer
Richard Mazur
Website
www.northbrooklyn.orgNTEE Category
Code: P280 - Human services
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