NonprofitsLocal Development Corporation Of Crown Heights Inc

Community Improvement & Capacity Building

Local Development Corporation Of Crown Heights Inc

BROOKLYN, NY

Total revenue

$3.1M

Total expenses

$1.7M

Net assets

$9.4M

Grants received

EIN

112890302

Tax year

2024

Mission

The local development corporation of crown heights, inc. ("ldcch") was organized in november 1987 as a not-for-profit charitable corporation whose purpose was to relieve and reduce unemployment, inter alia, and was later amended to include providing housing accommodations to persons and families of low income, as well as operating certain programs to support the surrounding community.

Programs

1 program

Providing affordable housing services - this program offers assistance in housing and quality of life issues. Other services offered under this program include first time home buyer workshops, housing development programs, apartment relocation, counseling to business owners and individuals, small business development education programs, collaborative projects with other community organizations, information and referrals to government agencies and other organizations funded by nys division of housing and community renewal and housing maintenance workshops. The organization sponsors various affordable housing through its control and ownership interests in various affordable housing projects in the crown heights area. (cont'd on schedule o)in 2024, this program provided 700 units of low-income senior or affordable housing in 7 developments consisting of 20 buildings in the central brooklyn community.

Financials

FY 2024

Revenue

Contributions & grants$176K
Program service revenue$2.4M
Investment income$495K
Other revenue$4K
Total revenue$3.1M

Expenses

Grants paid
Salaries & benefits$691K
Fundraising
Other expenses$1.0M
Total expenses$1.7M
Total assets$12.6M
Net assets$9.4M

People

14 listed

NameRoleCompensation

VAL HENRY

PRESIDENT/CEO

Board

$196K

35 hrs/wk

ALLYSON FRANKLIN ESQ

MEMBER

Board

0.25 hrs/wk

VON JOSEPH

MEMBER

Board

0.25 hrs/wk

KENNETH LAIDLOW

MEMBER

Board

0.25 hrs/wk

CHARLES E THOMAS

CHAIRMAN

Board

0.25 hrs/wk

KENNETH L PYLE SR

MEMBER

Board

0.25 hrs/wk

MILDRED SMITH

MEMBER

Board

0.25 hrs/wk

VICTORIA POWE-BITTLE

MEMBER

Board

0.25 hrs/wk

CORY SARGEANT

TREASURER PRO TEM

Board

0.25 hrs/wk

MICHAEL BAILEY ESQ

MEMBER

Board

0.25 hrs/wk

STEVE CROMITY SR

MEMBER

Board

0.25 hrs/wk

CARMEN MARTINEZ

OFFICE MANAGER/OUTREACH DI

Staff

$132K

40 hrs/wk

NANY RAMOS

ASST. OFFICE MANAGER

Staff

$118K

40 hrs/wk

FRED OSIAS

SENIOR ACCOUNT MANAGER

Staff

$104K

40 hrs/wk

Independent contractors

CNORM ASSOCIATES INC

CONSULTING SERVICES

$126K

Details

EIN112890302
NTEE codeS200
Subsection03
Ruling date1988-09
Formed1987
Employees5
Volunteers10
LOCAL DEVELOPMENT CORPORATION OF CROWN HEIGHTS INC — Mission, Financials & Grants Received | Grantivo