EIN 11-2556667

Local Development Corp of East New York

Name: Local Development Corp of East New York financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Brooklyn

State

New York

Year formed

1981

Most recent tax filings

2023-06-01

NTEE code, primary

S31: Urban, Community Economic Development

Description

Local Development Corp of East New York empowers low-to-moderate income women and minorities with programs that promote economic sufficiency, build assets and improve their lives and those of their families. It works with local businesses to retain and build industry and commerce, create jobs and improve economic opportunities for local residents and neighborhood enterprises within East New York community. LDCENY addresses this objective through the administration of various programs.

Also known as...

Local Development Corporation of East Ny

Total revenues

$783,742

2023

Total expenses

$819,313

2023

Total assets

$410,211

2023

Num. employees

2023

Program areas at Local Development Corp of East New York

LDCENY works with local businesses to retain and build industry and commerce, create jobs and improve economic opportunities for local residents and neighborhood enterprises within East New York community. LDCENY addresses this objective through the administration of a number of economic and entrepreneurial development activities.

Who funds Local Development Corp of East New York

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Andrew W. Mellon Foundation	2022-12	To Support Expanded Community Food, Culture and Arts Programmatic Initiatives, Increased Staff, and Renovation of Food Production Space	$550,000
The Durst Family Foundation	2022-12	General Fund	$40,000
East Brooklyn Housing Development	2021-12	Support Economic Dev in East Ny	$40,000
...and 2 more grants received

Personnel at Local Development Corp of East New York

Name	Title	Compensation	Date of data
William S Wilkins	Executive Director	$76,123	2024-05-15
Camille Newman-Alleyne	Director, Women's Business		2021-12-20
Juan Carlos Soto	Bookkeeper		2021-12-20
Sherry Roberts	Past Executive Director	$103,692	2022-05-13
Kim Council	Vice Chair	$0	2023-06-30
...and 3 more key personnel

Financials for Local Development Corp of East New York

Revenues	FYE 06/2023	FYE 06/2022	% Change
Total grants, contributions, etc.	$764,822	$682,420	12.1%
Program services	$0	$0	-
Investment income and dividends	$0	$5	-100%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$0	-
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$18,920	$41,331	-54.2%
Total revenues	$783,742	$723,756	8.3%

Form 990s for Local Development Corp of East New York

Fiscal year ending	Date received by IRS	Form	PDF link
2023-06	2024-05-15	990	View PDF
2022-06	2023-05-15	990	View PDF
2021-06	2022-05-13	990	View PDF
2020-06	2021-05-26	990	View PDF
2019-06	2021-05-24	990	View PDF
...and 9 more Form 990s

Organizations like Local Development Corp of East New York

Organization	Type	Location	Revenue
El Paso Collaborative for Community and Economic Development	501(c)(3)	El Paso, TX	$400,581
Barberton Community Development Corporation	501(c)(3)	Barberton, OH	$1,614,614
Greater Fargo Moorhead Economic Development Corporation	501(c)(3)	Fargo, ND	$2,046,324
Riverworks Development Corporation	501(c)(3)	Milwaukee, WI	$2,491,512
West Central Nebraska Development District	501(c)(3)	Ogallala, NE	$854,674
Norwalk Economic Development Corporation	501(c)(3)	Norwalk, OH	$235,488
Rio Grande Community Development	501(c)(3)	Albuquerque, NM	$1,710,904
Itawamba County Development Council	501(c)(3)	Fulton, MS	$441,956
Yuba Sutter Economic Development Corporation	501(c)(3)	Yuba City, CA	$754,550
Fairfax Renaissance Development Corporation	501(c)(3)	Cleveland, OH	$3,335,655

Data update history

August 13, 2024

Posted financials

Added Form 990 for fiscal year 2023

August 7, 2024

Updated personnel

Identified 1 new personnel

December 31, 2023

Received grants

Identified 2 new grant, including a grant for $550,000 from Andrew W. Mellon Foundation

December 13, 2023

Updated personnel

Identified 1 new personnel

November 25, 2023

Posted financials

Added Form 990 for fiscal year 2021

Nonprofit Types

Public sector nonprofitsBusiness and community development organizationsCharities

Issues

Community improvementEconomic development

Characteristics

State / local levelReceives government fundingManagement and technical assistanceTax deductible donationsAccepts online donations

General information

Address: 80 Jamaica Ave; Brooklyn, NY 11207
Metro area: New York-Newark-Jersey City, NY-NJ-PA
County: Kings County, NY
Website URL: ldceny.org/about.html?locale=en
Phone: (718) 385-6700

IRS details

EIN: 11-2556667
Fiscal year end: June
Taxreturn type: Form 990
Year formed: 1981
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S31: Urban, Community Economic Development
NAICS code, primary: 926110: Economic Development Corporations and Economic Program Organizations
Parent/child status: Independent

Blog articles

Free account sign-up

Want updates when Local Development Corp of East New York has new information, or want to find more organizations like Local Development Corp of East New York?

Create free Cause IQ account

Local Development Corp of East New York

Program areas at Local Development Corp of East New York

Who funds Local Development Corp of East New York

Personnel at Local Development Corp of East New York

Financials for Local Development Corp of East New York

Form 990s for Local Development Corp of East New York

Organizations like Local Development Corp of East New York

Nonprofits

Product

Customers

About