Nonprofit · EIN 11-2890302
LOCAL DEVELOPMENT CORPORATION OF CROWN HEIGHTS INC
Tax-exempt · BROOKLYN, NY 11213
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,068,979 | $1,697,699 | $1,371,280 | $12,592,779 | $3,216,757 | $9,376,022 |
| December 31, 2023 | 990 (amended) | $1,226,111 | $1,544,041 | -$317,930 | $12,860,552 | $3,266,471 | $9,594,081 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $175,707
- of which government grants
- $175,707
- Program service revenue
- $2,394,756
- Investment income
- $494,833
- Net gain from sales of assets
- $198,327
- Other revenue
- $3,683
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $203,098
- Other salaries and wages
- $422,149
- Salaries, compensation and benefits (total)
- $690,955
- Professional fundraising fees
- $0
- Legal fees
- $76,148
- Accounting fees
- $150,836
- Occupancy
- $67,134
- Travel
- $10,953
- Depreciation
- $46,456
- Program services (functional)
- $145,706
- Management and general (functional)
- $1,551,993
Balance sheet and other
- Total assets, start of year
- $12,860,552
- Total assets, end of year
- $12,592,779
- Total liabilities, end of year
- $3,216,757
- Net assets, end of year
- $9,376,022
- Land, buildings and equipment
- $74,028
- Publicly traded securities
- $5,535,707
- Net assets without donor restrictions
- $9,376,022
- Gross receipts
- $18,445,121
- Employees
- 5
- Volunteers
- 10
- Year formed
- 1987
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VAL HENRY | PRESIDENT/CEO Officer | 35 | $195,500 | $7,598 |
| CARMEN MARTINEZ | OFFICE MANAGER/OUTREACH DI Highest-paid employee | 40 | $131,593 | $1,533 |
| FRED OSIAS | SENIOR ACCOUNT MANAGER Highest-paid employee | 40 | $103,616 | $15,692 |
| NANY RAMOS | ASST. OFFICE MANAGER Highest-paid employee | 40 | $118,449 | $0 |
| CHARLES E THOMAS | CHAIRMAN Trustee or director, Officer | 0.25 | $0 | $0 |
| CORY SARGEANT | TREASURER PRO TEM Trustee or director, Officer | 0.25 | $0 | $0 |
| MICHAEL BAILEY ESQ | MEMBER Trustee or director | 0.25 | $0 | $0 |
| STEVE CROMITY SR | MEMBER Trustee or director | 0.25 | $0 | $0 |
| ALLYSON FRANKLIN ESQ | MEMBER Trustee or director | 0.25 | $0 | $0 |
| VON JOSEPH | MEMBER Trustee or director | 0.25 | $0 | $0 |
| KENNETH LAIDLOW | MEMBER Trustee or director | 0.25 | $0 | $0 |
| VICTORIA POWE-BITTLE | MEMBER Trustee or director | 0.25 | $0 | $0 |
| KENNETH L PYLE SR | MEMBER Trustee or director | 0.25 | $0 | $0 |
| MILDRED SMITH | MEMBER Trustee or director | 0.25 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VAL HENRY | PRESIDENT/CEO Officer | 35 | $183,568 | $7,170 |
| CARMEN MARTINEZ | OFFICE MANAGER/OUTREACH DIRECTOR Highest-paid employee | 40 | $123,553 | $1,533 |
| CHARLES E THOMAS | CHAIRMAN Trustee or director, Officer | 0.25 | $0 | $0 |
| ALECIA MASON | VICE-CHAIR Trustee or director, Officer | 0.25 | $0 | $0 |
| CORY SARGEANT | TREASURER PRO TEM Trustee or director, Officer | 0.25 | $0 | $0 |
| MICHAEL BAILEY ESQ | MEMBER Trustee or director | 0.25 | $0 | $0 |
| SONIA CLARKE | MEMBER Trustee or director | 0.25 | $0 | $0 |
| STEVE CROMITY SR | MEMBER Trustee or director | 0.25 | $0 | $0 |
| ALLYSON FRANKLIN ESQ | MEMBER Trustee or director | 0.25 | $0 | $0 |
| VON JOSEPH | MEMBER Trustee or director | 0.25 | $0 | $0 |
| KENNETH LAIDLOW | MEMBER Trustee or director | 0.25 | $0 | $0 |
| VICTORIA POWE-BITTLE | MEMBER Trustee or director | 0.25 | $0 | $0 |
| KENNETH L PYLE SR | MEMBER Trustee or director | 0.25 | $0 | $0 |
| MILDRED SMITH | MEMBER Trustee or director | 0.25 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 230 KINGSTON AVE, BROOKLYN, NY 11213-2696
- Principal officer (990 for 2024)
- CHARLES THOMAS, 230 KINGSTON AVENUE, BROOKLYN, NY 11213
- Signed the 990
- CHARLES THOMAS, CHAIRMAN
- Phone
- (718) 467-8800
- Website
- WWW.LDCCH.ORG
- Return prepared by
- GRASSI & CO CPA'S PC
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.
Program accomplishments
- COMMUNITY AND SOCIAL SERVICES - OPERATED/FUNDED THROUGH NPP PROGRAM IS COMPLEMENTED BY A PROGRAM THAT TEACHES KEY FINANCIAL CONCEPTS, SUCH AS CREDIT, BUDGETING AND DEBT REDUCTION. THE ORGANIZATION PROVIDED TRAINING AND INFORMATIONAL SESSIONS AS WELL AS INDIVIDUAL ASSISTANCE TO RESIDENTS OF THE CROWN HEIGHTS AND CENTRAL BROOKLYN COMMUNITY.Expenses $145,706
- 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.revenue $935,500
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 11-2890302
- 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
- 1988
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S200)
- Assets (IRS master file)
- $12,592,779
- Income (IRS master file)
- $18,445,121
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,068,979 | $1,697,699 | $12,592,779 | IRS |
| 990 | December 2023 | $1,226,111 | $1,544,041 | $12,860,552 | XML |
| 990 | December 2022 | $1,270,264 | $1,132,590 | $10,056,426 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 11-2890302).
Questions about LOCAL DEVELOPMENT CORPORATION OF CROWN HEIGHTS INC
- What is the EIN of LOCAL DEVELOPMENT CORPORATION OF CROWN HEIGHTS INC?
- The employer identification number (EIN) of LOCAL DEVELOPMENT CORPORATION OF CROWN HEIGHTS INC is 11-2890302.
- Is LOCAL DEVELOPMENT CORPORATION OF CROWN HEIGHTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to LOCAL DEVELOPMENT CORPORATION OF CROWN HEIGHTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LOCAL DEVELOPMENT CORPORATION OF CROWN HEIGHTS INC 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 CROWN HEIGHTS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LOCAL DEVELOPMENT CORPORATION OF CROWN HEIGHTS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LOCAL DEVELOPMENT CORPORATION OF CROWN HEIGHTS INC?
- The 990 for the year ended December 31, 2024 names CHARLES THOMAS.
- Who are the officers and directors of LOCAL DEVELOPMENT CORPORATION OF CROWN HEIGHTS INC?
- The 990 for the year ended December 31, 2024 lists 14 people; 4 received compensation from the organization, the highest $195,500 (VAL HENRY, PRESIDENT/CEO).
- How much revenue does LOCAL DEVELOPMENT CORPORATION OF CROWN HEIGHTS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,068,979, expenses of $1,697,699 and total assets of $12,592,779 at year end.
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