Overview
What is Bedford Stuyvesant Restoration Corporation?
The Bedford Stuyvesant Restoration Corporation, based in Brooklyn, New York, serves as a community development organization. Their primary focus is on workforce and economic development, offering a range of employment preparation and placement services to assist local residents in securing or re-entering jobs. They collaborate with local businesses and leaders to establish a clean, safe, and thriving business district within Bedford Stuyvesant and Central Brooklyn. As a pioneer in this field, the organization aims to enhance the quality of life in the area by fostering economic self-sufficiency, promoting family stability and growth, and supporting arts and culture, ultimately transforming the community into a lively place to live, work, and visit. Their team comprises 180 dedicated individuals.
Official website here: www.restorationplaza.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 89% (Three-Star out of Four Star rating)
The Bedford Stuyvesant Restoration Corporation has earned a strong rating of 89%, reflecting a solid level of accountability and financial health within the organization. The score is primarily derived from its accountability and finance metrics, indicating that the nonprofit adheres to high standards in managing its resources and governance. This rating suggests reliability for donors considering supporting the organization.
One of the organization's notable strengths is its independent board governance, with 100% of its board members being independent, which helps ensure impartial decision-making. Additionally, it has demonstrated diligence in maintaining transparency and compliance, with all required policies like conflict of interest and whistleblower protections in place. The audit and oversight committee operates effectively, contributing to sound financial practices.
However, while the overall financial health appears robust, the organization's liabilities to assets ratio is at 59.18%, which may indicate a moderate level of financial risk. Nonetheless, its strong program expense ratio of 76.63% shows a commitment to directing funds toward its mission-driven activities rather than administrative costs. Overall, the organization is performing well but could benefit from addressing its financial liabilities more strategically.
This AI summary has been generated from information found on Charity Navigator.
Is Bedford Stuyvesant Restoration Corporation legitimate?
Bedford Stuyvesant Restoration Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bedford Stuyvesant Restoration Corporation 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: $1,243,979
Professional Fundraising Fees: $70,000
Other Salaries and Wages: $4,526,104
For more financial information, click here
Official website here: www.restorationplaza.org
What is the mission statement of Bedford Stuyvesant Restoration Corporation?
The Bedford Stuyvesant Restoration Corporation, recognized as the first community development organization in the nation, collaborates with local residents, leaders, and businesses to enhance the quality of life in Central Brooklyn. Their mission is multifaceted, aiming to foster economic self-sufficiency, strengthen family stability and growth, promote arts and culture, and transform the community into a secure, lively space for living, working, and visiting. To accomplish this, they offer job preparedness and placement services through their workforce development initiative, working closely with community businesses and leaders to establish a clean, safe, and vibrant business district.
Official website here: www.restorationplaza.org
Who is the CEO of Bedford Stuyvesant Restoration Corporation?
Francila Carlson is the Exec. Vp / Cfao of Bedford Stuyvesant Restoration Corporation. The CEO's salary of Bedford Stuyvesant Restoration Corporation is $310,777 and their total compensation is $312,180.
Official website here: www.restorationplaza.org
What is the revenue of Bedford Stuyvesant Restoration Corporation?
Bedford Stuyvesant Restoration Corporation's revenue in 2022 was $10,428,266.
Official website here: www.restorationplaza.org
Who are the executives of Bedford Stuyvesant Restoration Corporation and what are their salaries?
The average compensation at Bedford Stuyvesant Restoration Corporation during 2022 was $32,056. There are 180 employees and 23 volunteers at Bedford Stuyvesant Restoration Corporation.
Here are 27 key members and their salaries (Bedford Stuyvesant Restoration Corporation's CEO's salary is $310,777 and their total compensation is $312,180):
- Compensation: $310,777
- Related: $0
- Other: $1,403
- Compensation: $238,100
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- Other: $13,340
- Compensation: $182,955
- Related: $0
- Other: $11,231
- Compensation: $158,230
- Related: $0
- Other: $34,729
- Compensation: $0
- Related: $168,498
- Other: $23,673
- Compensation: $86,415
- Related: $0
- Other: $10,951
- Compensation: $11,987
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Official website here: www.restorationplaza.org
Where can I find the form 990 for Bedford Stuyvesant Restoration Corporation?
Bedford Stuyvesant Restoration Corporation'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 Bedford Stuyvesant Restoration Corporation
Bedford Stuyvesant Restoration Corporation, recognized as the nation's first community development organization, collaborates with local residents, leaders, and businesses to enhance the well-being of Central Brooklyn. The organization's mission is multifaceted, aiming to foster economic self-sufficiency, strengthen family stability and growth, promote arts and culture, and transform the community into a secure, thriving place for living, working, and visiting.
To achieve its mission, Bedford Stuyvesant Restoration Corporation focuses on workforce and economic development. Through its job preparedness and placement services, the organization assists community members in entering or re-entering the workforce. Furthermore, it collaborates with local businesses and leaders to establish a clean, safe, and vibrant business district in Bedford Stuyvesant and Central Brooklyn. By doing so, the corporation contributes to the overall improvement of the quality of life in the community.
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Impact
July, 2024
Bedford Stuyvesant Restoration Corporation has a significant impact on the Central Brooklyn community by fostering economic self-sufficiency, enhancing family stability and growth, promoting arts and culture, and transforming the area into a safe, vibrant place to live, work, and visit. Through its workforce development initiative, the organization provides job preparedness and placement services to help community residents enter or re-enter the workplace. Additionally, the corporation partners with businesses and community leaders to enhance the business district in Bedford Stuyvesant and Central Brooklyn, creating a clean, safe, and vibrant environment. This holistic approach positively influences the quality of life in the area and contributes to the overall well-being of the community.
This information is meant to be a general summary of Bedford Stuyvesant Restoration Corporation. 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: $616,480
- Program Service Revenue: $1,972,097
- Gross Receipts: $13,264,524
Assets and Liabilities:
- Total Assets: $64,996,844
- Total Liabilities: $36,403,335
- Net Assets: $28,593,509
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Administrative Fees
Revenue
$943,484
Developer Fees
Revenue
$812,333
OTHER PROGRAM REVENUE
Revenue
$7,500
Registration & Tuition
Revenue
$8,780
Rental Income
Revenue
$200,000
Organization Details
Founding Year
1967
Phone
(718) 636-6900Principal Officer
Francila Carlson
Main Address
1368 Fulton Street, Brooklyn, NY, 11216
Website
www.restorationplaza.orgNTEE Category
Code: L81Z - Housing
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