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Nonprofit · EIN 11-2981085

CENTRAL BROOKLYN ECONOMIC DEVELOPMENT CORPORATION INC

Tax-exempt (reinstated) · BROOKLYN, NY 11212

Financials

$432K$467K2023
Revenue Expenses · by fiscal year end
Financials of CENTRAL BROOKLYN ECONOMIC DEVELOPMENT CORPORATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$432,463$466,746-$34,283$76,521$52,910$23,611
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$417,546
of which government grants
$247,846
Program service revenue
$0
Investment income
$0
Other revenue
$14,917

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Other salaries and wages
$306,348
Salaries, compensation and benefits (total)
$335,199
Professional fundraising fees
$0
Accounting fees
$5,000
Program services (functional)
$395,303
Management and general (functional)
$71,443

Balance sheet and other

Total assets, start of year
$80,248
Total assets, end of year
$76,521
Total liabilities, end of year
$52,910
Net assets, end of year
$23,611
Net assets without donor restrictions
$23,611
Gross receipts
$432,463
Employees
10
Year formed
1992
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, 2023, highest compensation first.

NameTitleHours / weekCompensation
DAVID ALEXANDERBOARD CHAIR
Trustee or director
5$0
INEISHA WILLIFORDVICE CHAIR
Trustee or director
5$0
AIFUMA EHIGIATORSECRETARY
Trustee or director
5$0
DAVID HODGEBD MEM
Trustee or director
5$0
HERMAN SMITHTREASURER
Trustee or director
5$0
WILLARD BEALBD MEM
Trustee or director
5$0
TYWAN ANTHONYBD MEM
Trustee or director
5$0
PASTOR NARON TILLMANBD MEM
Trustee or director
5$0

Address and contacts

Address (IRS master file)
444 THOMAS S BOYLAND ST SUITE 301, BROOKLYN, NY 11212-5042
Principal officer (990 for 2023)
LA'SHAWN ALLEN, 444 THOMAS S BOYLAND, BROOKLYN, NY 11212
Signed the 990
LA'SHAWN ALLEN, EXECUTIVE DIRECTOR
Phone
(347) 728-9492
Return prepared by
JOHN W DAVIS CPA

Mission

Develop and provide affordable housing

990 for the year ended December 31, 2023

Program accomplishments

  • Develop affordable housing

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025Not on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
11-2981085
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
2024
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B02)
Assets (IRS master file)
$76,521
Income (IRS master file)
$432,463

Revocation and reinstatement

Exemption revoked
May 15, 2022
Posted by the IRS
February 15, 2023
Reinstated
Effective May 15, 2022

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2023$432,463$466,746$76,521XML

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 11-2981085).

Questions about CENTRAL BROOKLYN ECONOMIC DEVELOPMENT CORPORATION INC

What is the EIN of CENTRAL BROOKLYN ECONOMIC DEVELOPMENT CORPORATION INC?
The employer identification number (EIN) of CENTRAL BROOKLYN ECONOMIC DEVELOPMENT CORPORATION INC is 11-2981085.
Is CENTRAL BROOKLYN ECONOMIC DEVELOPMENT CORPORATION INC tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2022 and reinstated it effective May 15, 2022.
Are donations to CENTRAL BROOKLYN ECONOMIC DEVELOPMENT CORPORATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CENTRAL BROOKLYN ECONOMIC DEVELOPMENT CORPORATION 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 CENTRAL BROOKLYN ECONOMIC DEVELOPMENT CORPORATION 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 CENTRAL BROOKLYN ECONOMIC DEVELOPMENT CORPORATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2023.
Who is the principal officer of CENTRAL BROOKLYN ECONOMIC DEVELOPMENT CORPORATION INC?
The 990 for the year ended December 31, 2023 names LA'SHAWN ALLEN.
Who are the officers and directors of CENTRAL BROOKLYN ECONOMIC DEVELOPMENT CORPORATION INC?
The 990 for the year ended December 31, 2023 lists 8 people; 0 received compensation from the organization.
How much revenue does CENTRAL BROOKLYN ECONOMIC DEVELOPMENT CORPORATION INC have?
On its 990 for the year ended December 31, 2023 it reported revenue of $432,463, expenses of $466,746 and total assets of $76,521 at year end.

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