Local Development Corporation Of Crown Heights Inc

Brooklyn, NY
Tax-exempt since Sept. 1988
EIN: 11-2890302

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Community, Neighborhood Development, Improvement (General) (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$1.27M (2022)

Expenses

$1.13M (2022)

Total Assets

$10.1M (2022)

Total Liabilities

$335k (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Revenue

$1,270,264

Expenses

$1,132,590

Net Income

$137,674

Net Assets

$9,721,810

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$208,495	16.4%
Program Services	$1,024,000	80.6%
Investment Income	$165,249	13.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$190,394
Net Inventory Sales	$0
Other Revenue	$62,914	5.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$179,103	15.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$248,961	22.0%

Assets/Debt
Total Assets	$10,056,426
Total Liabilities	$334,616
Net Assets	$9,721,810

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Val Henry (President/Ceo)	$172,274	$0	$6,829
Carmen Martinez (Office Manager/Outreach Director)	$116,019	$0	$4,550
Charles E Thomas (Chairman)	$0	$0	$0
Edward H King Esq (Treasurer Through 12/12/22)	$0	$0	$0
Alecia Mason (Vice Chair)	$0	$0	$0
Cory Sargeant (Secretary)	$0	$0	$0
Allyson Franklin Esq (Member)	$0	$0	$0
Kenneth Laidlow (Member)	$0	$0	$0
Kenneth L Pyle Sr (Member)	$0	$0	$0
Mildred Smith (Member)	$0	$0	$0
Sonia Clarke (Member)	$0	$0	$0
Victoria Powe Bittle (Member)	$0	$0	$0
Von Joseph (Member)	$0	$0	$0
Steve Cromity Sr (Member)	$0	$0	$0
Michael Bailey Esq (Member)	$0	$0	$0

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990

Filed on Nov. 14, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2021

Revenue

$1,226,376

Expenses

$1,024,799

Net Income

$201,577

Net Assets

$9,634,545

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$162,554	13.3%
Program Services	$1,013,000	82.6%
Investment Income	$43,401	3.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$7,421	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$347,903	33.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$111,150	10.8%

Assets/Debt
Total Assets	$9,824,769
Total Liabilities	$190,224
Net Assets	$9,634,545

Compensation

Key Employees and Officers	Compensation	Related	Other
Val Henry (President/Ceo)	$208,417	$0	$6,459
Carmen Martinez (Corporate Secretary/Office Mgr)	$125,940	$0	$7,087
Fred Osias (Senior Accounting Manager)	$104,978	$0	$11,539
Charles E Thomas (Chairman)	$0	$0	$0
Steve Cromity Sr (Treasurer)	$0	$0	$0
Michael Bailey Esq (Secretary, Pro Tem)	$0	$0	$0
Edward H King Esq (Treasurer)	$0	$0	$0
Alecia Mason (Member)	$0	$0	$0
Sonia Clarke (Member)	$0	$0	$0
Nancy Ramos (Member)	$0	$0	$0
Mildred Smith (Member)	$0	$0	$0
Victoria Bittle (Member)	$0	$0	$0
Allyson Franklin Esq (Member)	$0	$0	$0

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990

Filed on Nov. 15, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$1,222,274

Expenses

$828,841

Net Income

$393,433

Net Assets

$2,447,581

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$89,947	7.4%
Program Services	$1,038,000	84.9%
Investment Income	$94,327	7.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$140,329	16.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$211,086	25.5%

Assets/Debt
Total Assets	$2,663,145
Total Liabilities	$215,564
Net Assets	$2,447,581

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Val Henry (President/Ceo)	$137,553	$0	$2,776
Fred Osias (Senior Accounting Manager)	$106,940	$0	$7,803
Charles E Thomas (Chairman)	$0	$0	$0
Carmen Martinez Ended 62020 (Vice Chairperson)	$0	$0	$0
Steve Cromity Sr (Treasurer)	$0	$0	$0
Michael Bailey Esq (Secretary, Pro Tem)	$0	$0	$0
Mary Hobson (Member)	$0	$0	$0
Alecia Mason (Member)	$0	$0	$0
Sonia Clarke (Member)	$0	$0	$0
Nancy Ramos (Member)	$0	$0	$0
Mildred Smith (Member)	$0	$0	$0
Victoria Bittle (Member)	$0	$0	$0
Allyson Franklin Esq (Member)	$0	$0	$0

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990

Filed on Nov. 15, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$1,761,036

Expenses

$749,994

Net Income

$1,011,042

Net Assets

$2,256,073

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$28,671	1.6%
Program Services	$1,304,900	74.1%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$427,465	24.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$130,050	17.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$213,973	28.5%

Assets/Debt
Total Assets	$2,414,004
Total Liabilities	$157,931
Net Assets	$2,256,073

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Val Henry (Executive Director)	$130,050	$0	$0
Fred Osias (Director Of Finance)	$101,405	$0	$13,968
Yinery Martinez (Office Manager)	$101,090	$0	$13,938
Charles Thomas (Chair)	$0	$0	$0
Carmen Martinez (Vice Chair)	$0	$0	$0
Steve Cromity (Treasurer)	$0	$0	$0
C Allyson Franklin Esq (Secretary)	$0	$0	$0
Mary Hobson (Member)	$0	$0	$0
Alecia D Mason (Member)	$0	$0	$0
Sonai Clarke (Member)	$0	$0	$0
Michael Bailey (Member)	$0	$0	$0
Nany M Ramos (Member)	$0	$0	$0
Mildred Smith (Member)	$0	$0	$0
Victoria Powe Bittle (Member)	$0	$0	$0
Richard Taylor (Member (Ended 10/2019))	$0	$0	$0
Nizjoni Granville (Member (Ended 10/2019))	$0	$0	$0
Lisa Iashley (Member (Ended 6/2019))	$0	$0	$0

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990

Filed on Nov. 16, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$1,167,194

Expenses

$599,215

Net Income

$567,979

Net Assets

$1,189,510

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$93,694	8.0%
Program Services	$1,062,500	91.0%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$11,000	0.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$82,654	13.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$154,132	25.7%

Assets/Debt
Total Assets	$1,390,071
Total Liabilities	$200,561
Net Assets	$1,189,510

Compensation

Key Employees and Officers	Compensation	Related	Other
Val A Henry (Executive Director)	$82,654	$0	$0
Russell L Taylor (Chairman)	$0	$0	$0
Charles Thomas (Vice Chair)	$0	$0	$0
Nizjoni Granville (Secretary)	$0	$0	$0
Steve Cromity (Treasurer)	$0	$0	$0
A Kenneth Pemberton (Assistant Treasurer)	$0	$0	$0
Mary Hobson (Member)	$0	$0	$0
Alecia D Mason (Member)	$0	$0	$0

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990

Filed on June 18, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$735,552

Expenses

$631,748

Net Income

$103,804

Net Assets

$621,531

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$91,526	12.4%
Program Services	$618,000	84.0%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$26,026	3.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$17,616	2.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$282,140	44.7%

Assets/Debt
Total Assets	$906,841
Total Liabilities	$285,310
Net Assets	$621,531

Compensation

Key Employees and Officers	Compensation	Related	Other
Russell Taylor (Chairperson)	$0	$0	$0
Nizjoni Granville (Secretary)	$0	$0	$0
William Boyd (Director)	$0	$0	$0
Val Henry (Executive Director)	$0	$17,616	$0
Kenneth Pemberton (Member)	$0	$0	$0
Charles Thomas (Member)	$0	$0	$0
Steve Cromity (Member)	$0	$0	$0
Shalawn Langhorne (Member)	$0	$0	$0
Mary Hobson (Member)	$0	$0	$0
Teri Coaxum (Member)	$0	$0	$0

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990

Filed on Nov. 16, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$611,865

Expenses

$734,934

Net Income

-$123,069

Net Assets

$941,103

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$93,054	15.2%
Program Services	$509,000	83.2%
Investment Income	$5,998	1.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$3,813	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$282,291	38.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$222,414	30.3%

Assets/Debt
Total Assets	$1,300,618
Total Liabilities	$359,515
Net Assets	$941,103

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Caple Spence (Executive Director)	$209,793	$58,219	$21,669
Dorothy Mclaurin (Deputy Executive Director)	$72,498	$0	$10,833
Kenneth Pemberton (Board Member)	$0	$0	$0
Russell L Taylor (Chairperson)	$0	$0	$0
Nizjoni Granville (Treasurer/Sec.)	$0	$0	$0
William Boyd (Director)	$0	$0	$0
Charles Thomas (Board Member)	$0	$0	$0
Steve Cromity (Board Member)	$0	$0	$0
Shalawn Langhorne (Board Member)	$0	$0	$0
Mary Hubson (Board Member)	$0	$0	$0
Teri Coaxum (Board Member)	$0	$0	$0

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990

Filed on Nov. 15, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$713,722

Expenses

$849,019

Net Income

-$135,297

Net Assets

$1,064,172

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$91,000	12.8%
Program Services	$616,862	86.4%
Investment Income	$3,079	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$2,781	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$233,360	27.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$180,988	21.3%

Assets/Debt
Total Assets	$1,242,837
Total Liabilities	$178,665
Net Assets	$1,064,172

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Caple Spence (Executive Director)	$165,592	$21,000	$130,985
Dorothy Mclaurin (Deputy Executive Director)	$67,768	$0	$10,590
Russell L Taylor (Chairperson)	$0	$0	$0
Nizjoni Granville (Treasurer/Sec.)	$0	$0	$0
William Boyd (Director)	$0	$0	$0

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990

Filed on Nov. 15, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$751,519

Expenses

$1,827,161

Net Income

-$1,075,642

Net Assets

$1,199,469

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$91,807	12.2%
Program Services	$648,000	86.2%
Investment Income	$2,730	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$8,982	1.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$256,799	14.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$213,013	11.7%

Assets/Debt
Total Assets	$1,427,159
Total Liabilities	$227,690
Net Assets	$1,199,469

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Caple G Spence (Executive Dir.)	$193,211	$0	$955,992
Dorothy Mclaurin (Deputy Exe Dir.)	$63,588	$0	$10,031
Russell L Taylor (Chairperson)	$0	$0	$0
Nizjoni Granville (Treasurer/Sec.)	$0	$0	$0
William Boyd (Member)	$0	$0	$0

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990

Filed on Nov. 13, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$638,537

Expenses

$979,878

Net Income

-$341,341

Net Assets

$2,220,104

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$58,360	9.1%
Program Services	$570,926	89.4%
Investment Income	$2,390	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$6,861	1.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$184,745	18.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$238,006	24.3%

Assets/Debt
Total Assets	$2,685,636
Total Liabilities	$465,532
Net Assets	$2,220,104

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Caple G Spence (Executive Dir.)	$114,246	$0	$20,098
Dorothy Mclaurin (Deputy Exe Dir.)	$70,499	$0	$9,135
Russell L Taylor (Chairperson)	$0	$0	$0
Nizjoni Granville (Treasurer/Sec.)	$0	$0	$0
William Boyd (Member)	$0	$0	$0

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990

Filed on Nov. 10, 2014

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Fiscal Year Ending Dec.
2012

Revenue

$618,960

Expenses

$939,847

Net Income

-$320,887

Net Assets

$2,420,362

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$61,328	9.9%
Program Services	$546,712	88.3%
Investment Income	$2,609	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$8,311	1.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$271,820	28.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$266,361	28.3%

Assets/Debt
Total Assets	$2,563,469
Total Liabilities	$143,107
Net Assets	$2,420,362

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$835,323

Expenses

$969,425

Net Income

-$134,102

Net Assets

$2,683,695

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$55,163	6.6%
Program Services	$0
Investment Income	$4,334	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$775,826	92.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$400,054	41.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$2,794,672
Total Liabilities	$110,977
Net Assets	$2,683,695

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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Local Development Corporation Of Crown Heights Inc

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $1.27M (2022)

Expenses $1.13M (2022)

Total Assets $10.1M (2022)

Total Liabilities $335k (2022)

Tax Filings by Year

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Revenue

$1.27M (2022)

Expenses

$1.13M (2022)

Total Assets

$10.1M (2022)

Total Liabilities

$335k (2022)

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001