EIN 11-2556667

Local Development Corp of East New York

Name: Local Development Corp of East New York financials for 2022
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

2022-06-01

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

$723,756

2022

Total expenses

$722,174

2022

Total assets

$773,899

2022

Num. employees

2022

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
East Brooklyn Housing Development P	2021-12	Support Economic Dev in East Ny	$40,000
Association of Womens Business Centers	2021-12	General Support	$12,500
AmazonSmile Foundation	2021-12	General Support	$5

Personnel at Local Development Corp of East New York

Name	Title	Compensation	Date of data
William S Wilkins	Executive Director	$76,801	2023-05-15
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	2022-06-30
...and 3 more key personnel

Financials for Local Development Corp of East New York

Revenues	FYE 06/2022	FYE 06/2021	% Change
Total grants, contributions, etc.	$682,420	$496,079	37.6%
Program services	$0	$0	-
Investment income and dividends	$5	$9	-44.4%
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	$41,331	$3,605	1046.5%
Total revenues	$723,756	$499,693	44.8%

Form 990s for Local Development Corp of East New York

Fiscal year ending	Date received by IRS	Form	PDF link
2022-06	2023-05-15	990	View PDF
2020-06	2021-05-26	990	View PDF
2019-06	2021-05-24	990	View PDF
2018-06	2019-08-07	990	View PDF
2017-06	2018-04-18	990	View PDF
...and 7 more Form 990s

Organizations like Local Development Corp of East New York

Organization	Type	Location	Revenue
Rockland Economic Development Corporation (REDC)	501(c)(3)	New City, NY	$480,980
Norwalk Economic Development Corporation	501(c)(3)	Norwalk, OH	$264,669
Marshall-Saline Development Corporation	501(c)(3)	Marshall, MO	$308,830
REV Birmingham	501(c)(3)	Birmingham, AL	$2,028,176
Yuba Sutter Economic Development Corporation	501(c)(3)	Yuba City, CA	$873,732
Greater Southwest Development Corporation (GSDC)	501(c)(3)	Chicago, IL	$2,172,878
Downtown Statesville Development Corporation	501(c)(3)	Statesville, NC	$239,570
Oconto County Economic Development Corporation	501(c)(3)	Oconto, WI	$463,144
Johnson County Economic Development Corporation	501(c)(3)	Warrensburg, MO	$250,266
Fields Corner Community Development Corporation	501(c)(3)	Dorchester, MA	$858,841

Data update history

July 5, 2023

Posted financials

Added Form 990 for fiscal year 2022

June 29, 2023

Updated personnel

Identified 2 new personnel

May 22, 2023

Received grants

Identified 2 new grant, including a grant for $40,000 from East Brooklyn Housing Development P

December 18, 2021

Used new vendors

Identified 2 new vendors, including , and

December 17, 2021

Updated personnel

Identified 11 new personnel

Nonprofit Types

Public sector nonprofitsBusiness and community development organizationsCharities

Issues

Community improvementEconomic development

Characteristics

State / local levelReceives government fundingManagement and technical assistanceTax deductible 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

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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

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