Public Charity

THE LOCAL DEVELOPMENT CORPORATION OF CROWN HEIGHTS

THE LOCAL DEVELOPMENT CORPORATION OF CROWN HEIGHTS is a Public Charity headquartered in BROOKLYN, NY. Financial data from the 2024 filing: $3.1M revenue, $1.7M expenses, $12.6M total assets.

EIN: 112890302 BROOKLYN, NY Community & Neighborhood Development NTEE: S20 Latest filing: 2024
Total Revenue$3.1M
Total Expenses$1.7M
Total Assets$12.6M
Grant Records0
Filing Years2019–2024

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.

Where $100 goes at The Local Development Corporation of Crown Heights

How The Local Development Corporation of Crown Heights divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$17 Programs the work itself
$83 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $17 for programs

$9
Community and social services
50% of program spending
$8
Providing affordable housing services
About 50% (cost not reported) · Reported in the filing: 700 units of low-income
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

MEMBER Allyson Franklin Esq
OFFICE MANAGER/OUTREACH DI Carmen Martinez
CHAIRMAN Charles E Thomas
TREASURER PRO TEM Cory Sargeant
SENIOR ACCOUNT MANAGER Fred Osias
MEMBER Kenneth Laidlow

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $3.1M $1.7M $12.6M
2023 $1.2M $1.5M $12.9M
2022 $1.3M $1.1M $10.1M
2020 $1.2M $829K $2.7M
2019 $1.8M $750K $2.4M

Between 2019 and 2024, reported annual revenue grew from $1.8M to $3.1M (+74%), with total assets most recently reported at $12.6M.

Interactive year-over-year charts and full filing details available with membership.

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