Nonprofit · EIN 11-2556667
LOCAL DEVELOPMENT CORPORATION OF EAST NEW YORK
Tax-exempt · BROOKLYN, NY 11207
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $658,586 | $630,684 | $27,902 | $489,967 | $314,912 | $175,055 |
| June 30, 2024 | 990 (amended) | $632,182 | $689,434 | -$57,252 | $271,728 | $155,825 | $115,903 |
| June 30, 2023 | 990 | $783,742 | $819,313 | -$35,571 | $410,211 | $268,306 | $141,905 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $647,534
- of which government grants
- $382,825
- Program service revenue
- $0
- Investment income
- $52
- Other revenue
- $11,000
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $97,000
- Other salaries and wages
- $265,791
- Salaries, compensation and benefits (total)
- $404,219
- Professional fundraising fees
- $0
- Legal fees
- $9,424
- Accounting fees
- $9,000
- Occupancy
- $7,660
- Depreciation
- $392
- Program services (functional)
- $492,878
- Management and general (functional)
- $106,119
- Fundraising (functional)
- $31,687
Balance sheet and other
- Total assets, start of year
- $271,728
- Total assets, end of year
- $489,967
- Total liabilities, end of year
- $314,912
- Net assets, end of year
- $175,055
- Land, buildings and equipment
- $1,851
- Net assets without donor restrictions
- $175,055
- Gross receipts
- $658,586
- Employees
- 6
- Volunteers
- 4
- Year formed
- 1981
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| William Wilkins | Executive Director Officer, Highest-paid employee | 40 | $143,500 |
| Priscilla Frey - Incorvaia | Chair Trustee or director, Officer | 2 | $0 |
| Kim Council | Vice Chair Trustee or director, Officer | 2 | $0 |
| Stephen Genovese | Secretary/Treasurer Trustee or director | 1 | $0 |
| Brad Faden | Board Member Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| William Wilkins | Executive Director Officer, Highest-paid employee | 40 | $145,573 |
| Priscilla Frey - Incorvaia | Chair Trustee or director, Officer | 2 | $0 |
| Kim Council | Vice Chair Trustee or director, Officer | 2 | $0 |
| Stephen Genovese | Secretary/Treasurer Trustee or director | 1 | $0 |
| Brad Faden | Board Member Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| William Wilkins | Executive Director Officer | 40 | $76,123 |
| Priscilla Frey - Incorvaia | Chair Trustee or director, Officer | 2 | $0 |
| Kim Council | Vice Chair Trustee or director, Officer | 2 | $0 |
| Marjory Giordani | Secretary/Treasurer Trustee or director | 1 | $0 |
| Stephen Genovese | Board Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 80 JAMAICA AVE, BROOKLYN, NY 11207-3162
- Principal officer (990 for 2024)
- William Wilkins, 80 Jamaica Avenue, Brooklyn, NY 11207
- Signed the 990
- William S Wilkins, Executive Director
- Phone
- (718) 385-6700
- Return prepared by
- Aston Bell & Associates
Mission
The mission of LDCENY is to empower low-to-moderate income women and minorities with programs that promote economic sufficiency, build assets and improve their lives and those of their families. LDCENY works with local businesses to retain and build industry and
Program accomplishments
- 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.Expenses $492,878
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 11-2556667
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1979
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $489,967
- Income (IRS master file)
- $658,586
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $658,586 | $630,684 | $489,967 | IRS |
| 990 | June 2024 | $632,182 | $689,434 | $271,728 | XML |
| 990 | June 2023 | $783,742 | $819,313 | $410,211 | XML |
| 990 | June 2022 | $723,756 | $722,174 | $773,899 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 11-2556667).
Questions about LOCAL DEVELOPMENT CORPORATION OF EAST NEW YORK
- What is the EIN of LOCAL DEVELOPMENT CORPORATION OF EAST NEW YORK?
- The employer identification number (EIN) of LOCAL DEVELOPMENT CORPORATION OF EAST NEW YORK is 11-2556667.
- Is LOCAL DEVELOPMENT CORPORATION OF EAST NEW YORK tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
- Are donations to LOCAL DEVELOPMENT CORPORATION OF EAST NEW YORK tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LOCAL DEVELOPMENT CORPORATION OF EAST NEW YORK file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LOCAL DEVELOPMENT CORPORATION OF EAST NEW YORK due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LOCAL DEVELOPMENT CORPORATION OF EAST NEW YORK last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of LOCAL DEVELOPMENT CORPORATION OF EAST NEW YORK?
- The 990 for the year ended June 30, 2025 names William Wilkins.
- Who are the officers and directors of LOCAL DEVELOPMENT CORPORATION OF EAST NEW YORK?
- The 990 for the year ended June 30, 2025 lists 5 people; 1 received compensation from the organization, the highest $143,500 (William Wilkins, Executive Director).
- How much revenue does LOCAL DEVELOPMENT CORPORATION OF EAST NEW YORK have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $658,586, expenses of $630,684 and total assets of $489,967 at year end.
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