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Bergen Basin Community Development Corp

Millennium Development

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

EIN: 113199040 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

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Overview

What is Bergen Basin Community Development Corp?

Bergen Basin Community Development Corp, operating under the name Millennium Development, is a prominent nonprofit organization based in Brooklyn, New York. With a team of 389 dedicated individuals, their mission is to enhance the community by fostering personal growth in youth, empowering families, promoting the well-being of adults, and encouraging their active participation in community life. They achieve this by funding out-of-school programs in 13 public schools in Brooklyn, providing educational, cultural, and sports activities to the students. This nonprofit's work extends beyond the classroom, playing a significant role in nurturing and transforming their community.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement

Bergen Basin Community Development Corp has received a two-star rating from Charity Navigator, with an overall score of 71%. The organization demonstrates strong accountability in areas such as board independence, audit oversight, and policies against conflicts of interest. However, the rating highlights several critical shortcomings, particularly in governance practices and transparency, impacting its overall effectiveness.

The nonprofit has a fully independent board, which is a significant strength, and it manages a high program expense ratio, indicating that most of its funds are directed towards its programs. Nonetheless, the lack of a whistleblower policy and missing documentation related to retention and destruction raises concerns about governance and internal controls. Additionally, the organization has a concerning liabilities to assets ratio of 99.90%, which suggests potential financial stability issues.

Overall, while Bergen Basin Community Development Corp has commendable policies in place for governance and program spending, the deficiencies in transparency and financial management practices highlight areas for improvement. Addressing these limitations could strengthen the organization’s credibility and operational effectiveness.


This AI summary has been generated from information found on Charity Navigator.

Is Bergen Basin Community Development Corp legitimate?

Bergen Basin Community Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bergen Basin Community 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,113,458

For more financial information, click here

What is the mission statement of Bergen Basin Community Development Corp?

The Bergen Basin Community Development Corp's mission is centered around enhancing the community by cultivating and transforming the mindsets of today's youth, empowering families, encouraging and supporting the well-being of adults, and advancing their participation in community life. This organization aims to make a positive impact by altering the perspectives of youth, strengthening families, and promoting the well-being and involvement of adults in their communities.

The corporation's activities are multifaceted, encompassing educational, cultural, and sports programs for youth in public schools. By providing such opportunities, they aim to contribute to the holistic development of the students, fostering their growth both inside and outside the classroom. The ultimate goal is to empower individuals and families, ultimately enhancing the overall well-being and community engagement of those they serve.

Who is the CEO of Bergen Basin Community Development Corp?

Paul Curiale is the Chairman of Bergen Basin Community Development Corp.

What is the revenue of Bergen Basin Community Development Corp?

Bergen Basin Community Development Corp's revenue in 2022 was $8,388,294.

Who are the executives of Bergen Basin Community Development Corp and what are their salaries?

The average compensation at Bergen Basin Community Development Corp during 2022 was $13,145. There are 389 employees at Bergen Basin Community Development Corp.


Here are 9 key members and their salaries:


Vincent Rosati (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Laidlaw (Vice Chairma)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amos Vered (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marisa Gerone (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Benjamin Pinczewski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Curiale (Executive Di)
  • Compensation: $120,000
  • Related: $39,750
  • Other: $0
Penny Caquias (Deputy Exec)
  • Compensation: $89,206
  • Related: $12,784
  • Other: $0
Nicholas Miller (Deputy Exec)
  • Compensation: $140,000
  • Related: $0
  • Other: $0
Boris Sokoliansky (Fiscal Offic)
  • Compensation: $149,100
  • Related: $0
  • Other: $0
Where can I find the form 990 for Bergen Basin Community Development Corp?

Bergen Basin Community Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Bergen Basin Community Development Corp

Bergen Basin Community Development Corp, as a nonprofit organization, aims to enhance the community by fostering change in the minds of today's youth, empowering families, encouraging and supporting the well-being of adults, and advocating for their participation in community life. Through its mission, the organization seeks to cultivate a positive environment where individuals can grow, learn, and contribute to their community.

By focusing on youth, Bergen Basin Community Development Corp aims to instill values and skills that will enable them to become responsible and engaged members of society. This is achieved by providing educational, cultural, and sports activities through out-of-school programs in local public schools. By engaging with families, the nonprofit works to strengthen the fabric of the community by empowering them with the resources and support they need to thrive. This can include anything from advocacy and guidance to practical assistance.

In addition, Bergen Basin Community Development Corp recognizes the importance of adult well-being and community participation. By encouraging and supporting adults, the organization helps to build a strong, resilient community where everyone has a role to play. This can mean providing resources and opportunities for personal growth, as well as advocating for policies and initiatives that promote inclusion and participation.

In summary, Bergen Basin Community Development Corp is a nonprofit organization that seeks to enhance the community by fostering change in the minds of youth, empowering families, encouraging and supporting the well-being of adults, and advocating for their participation in community life. Through its programs and initiatives, the organization aims to create a positive, supportive environment where individuals can grow, learn, and contribute to their community.

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Impact




July, 2024

Bergen Basin Community Development Corp's impact is significant in enhancing the community by cultivating and changing the minds of today's youth, empowering families, encouraging and supporting the well-being of adults, and advancing their participation in community life. Their programs, funded by the New York City Department for Youth and Development, include "out of school" programs in 13 public schools in Brooklyn, NY. Through educational, cultural, and sports activities, they are making a positive difference in the lives of the schools' students, ultimately fostering a stronger and more engaged community.




This information is meant to be a general summary of Bergen Basin Community 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.

Revenue
$8,388,294 (2022)
Expenses
$8,306,924 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $8,388,294

Assets and Liabilities:

  • Total Assets: $2,562,211
  • Total Liabilities: $2,562,211
  • Net Assets: $0

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Organization Details

Founding Year

1995

Principal Officer

Paul Curiale

Main Address

2331 BERGEN AVENUE, BROOKLYN, NY, 11234

NTEE Category

Code: P81Z - Human services

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