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Myrtle Avenue Commercial Revitalization And Development Project Ldc

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

EIN: 311706307 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

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Overview

What is Myrtle Avenue Commercial Revitalization And Development Project Ldc?

Myrtle Avenue Commercial Revitalization and Development Project Ldc is a not-for-profit organization established in 1999, as per New York State Law. Their mission is to revitalize the main street area of Fort Greene/Clinton Hill in Brooklyn, New York, transforming it into a lively commercial corridor. This endeavor aims to offer various opportunities, including entrepreneurial, cultural, recreational, and employment prospects, for the community members who live, work, study, or have an interest in the area. The project involves local stakeholders in projects aimed at improving the overall quality of life in this district.


Official website here: www.myrtleavenue.org

Is Myrtle Avenue Commercial Revitalization And Development Project Ldc legitimate?

Myrtle Avenue Commercial Revitalization And Development Project Ldc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Myrtle Avenue Commercial Revitalization And Development Project Ldc 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: $0

For more financial information, click here


Official website here: www.myrtleavenue.org

What is the mission statement of Myrtle Avenue Commercial Revitalization And Development Project Ldc?

The Myrtle Avenue Commercial Revitalization and Development Project Ldc, established under New York State law in 1999, serves a charitable and public purpose. Its mission is to revitalize a community's commercial corridor, specifically "Main Street," turning it into a lively, economically thriving area. This transformation aims to offer various opportunities for entrepreneurship, culture, recreation, and employment to all who reside, work, study, or are otherwise engaged in the area. The project aims to revive the neighborhood, providing a vibrant commercial space that can cater to the diverse interests of its community.


Official website here: www.myrtleavenue.org

Who is the CEO of Myrtle Avenue Commercial Revitalization And Development Project Ldc?

Michael Banach is the Treasurer of Myrtle Avenue Commercial Revitalization And Development Project Ldc.


Official website here: www.myrtleavenue.org

What is the revenue of Myrtle Avenue Commercial Revitalization And Development Project Ldc?

Myrtle Avenue Commercial Revitalization And Development Project Ldc's revenue in 2022 was $1,671.


Official website here: www.myrtleavenue.org

Who are the executives of Myrtle Avenue Commercial Revitalization And Development Project Ldc and what are their salaries?


Here are 10 key members and their salaries:


Jed Marcus (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leah Flax (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Hattem (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Dew (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bernell Grier (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Massiah (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sudha Seetharaman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ann Daniels (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Banach (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Emily Ahn Levy (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.myrtleavenue.org

Where can I find the form 990 for Myrtle Avenue Commercial Revitalization And Development Project Ldc?

Myrtle Avenue Commercial Revitalization And Development Project Ldc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.myrtleavenue.org

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

Mission Statement of Myrtle Avenue Commercial Revitalization And Development Project Ldc

The Myrtle Avenue Commercial Revitalization and Development Project Ldc, established in 1999 as a not-for-profit organization, is on a mission to revitalize and develop the commercial corridor in the Fort Greene/Clinton Hill community in Brooklyn, New York. Their objective is to transform this area into a lively, economically thriving neighborhood that offers a variety of opportunities, including entrepreneurial, cultural, recreational, and employment prospects, to individuals who live, work, study, or have any interest in the area. The organization aims to restore the area's "Main Street" to its former glory and make it a hub for community engagement and growth.

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Impact




October, 2024

The Myrtle Avenue Commercial Revitalization and Development Project LDC significantly impacts the Fort Greene and Clinton Hill neighborhoods in Brooklyn, New York, by transforming Myrtle Avenue into a vibrant commercial corridor. This initiative fosters economic growth, provides entrepreneurial opportunities, and enhances the overall quality of life for residents and community members.

By actively involving local stakeholders in various development projects, the organization helps to create a supportive environment for businesses, cultural activities, and recreational opportunities. As a result, the revitalization efforts stimulate job creation and encourage community engagement, benefiting everyone associated with the area—residents, workers, students, and visitors alike.

Additionally, this project nurtures a sense of community pride and identity while addressing the needs of diverse populations, contributing to the neighborhood's economic vitality and cultural richness. Overall, the Myrtle Avenue Project is instrumental in shaping a dynamic and inclusive community ecosystem.




This information is meant to be a general summary of Myrtle Avenue Commercial Revitalization And Development Project Ldc. 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
$1,671 (2022)
Expenses
$115,609 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $171
  • Gross Receipts: $1,671

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Organization Details

Founding Year

1999

Principal Officer

Michael Banach

Main Address

472 Myrtle Avenue 2nd Floor, Brooklyn, NY, 11205

NTEE Category

Code: S30 - Community improvement

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