Nonprofit · EIN 51-0188251
FLATBUSH DEVELOPMENT CORPORATION
Tax-exempt · BROOKLYN, NY 11226
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,085,655 | $5,065,274 | $20,381 | $4,510,237 | $3,052,333 | $1,457,904 |
| June 30, 2024 | 990 | $5,005,854 | $4,927,530 | $78,324 | $2,888,407 | $1,450,884 | $1,437,523 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,083,526
- of which government grants
- $4,429,631
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $2,129
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $113,006
- Other salaries and wages
- $2,645,291
- Salaries, compensation and benefits (total)
- $3,351,634
- Professional fundraising fees
- $0
- Legal fees
- $6,570
- Accounting fees
- $31,811
- Occupancy
- $106,046
- Travel
- $11,149
- Depreciation
- $29,970
- Program services (functional)
- $4,446,324
- Management and general (functional)
- $603,571
- Fundraising (functional)
- $15,379
Balance sheet and other
- Total assets, start of year
- $2,888,407
- Total assets, end of year
- $4,510,237
- Total liabilities, end of year
- $3,052,333
- Net assets, end of year
- $1,457,904
- Land, buildings and equipment
- $41,243
- Net assets without donor restrictions
- $1,014,310
- Net assets with donor restrictions
- $443,594
- Gross receipts
- $5,085,655
- Employees
- 150
- Volunteers
- 260
- Year formed
- 1975
- 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 | Other / benefits |
|---|---|---|---|---|
| ROBIN REDMOND | EXECUTIVE DIRECTOR Officer | 40 | $117,404 | $34,035 |
| SALVATORE LENTINI | PRESIDENT Trustee or director, Officer | 2.5 | $0 | $0 |
| JAVIER SAEZ | SECRETARY Trustee or director, Officer | 1.5 | $0 | $0 |
| EDUARDO CROSA | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| ERIC ZIMILES | TREASURER Trustee or director, Officer | 1.5 | $0 | $0 |
| SANDRA HARRIS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| LOIS JACKSON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| EMILY SHAW | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JOEL STICKNEY | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JOPHRANE LIGONDE | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBIN REDMOND | EXECUTIVE DIRECTOR Officer | 40 | $125,000 | $33,217 |
| GUADALUPE RAMSEY | ECONOMIC DEVELOPMENT SPECIALIST Highest-paid employee | 40 | $102,231 | $328 |
| SALVATORE LENTINI | PRESIDENT Trustee or director, Officer | 2.5 | $0 | $0 |
| TOM ROUSAKIS - RESIGNED 32224 | VICE PRESIDENT Trustee or director, Officer | 1.5 | $0 | $0 |
| JAVIER SAEZ | SECRETARY Trustee or director, Officer | 1.5 | $0 | $0 |
| EDUARDO CROSA | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| ERIC ZIMILES | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| SANDRA HARRIS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| LOIS JACKSON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| EMILY SHAW | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JOEL STICKNEY | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JOPHRANE LIGONDE | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1616 NEWKIRK AVE, BROOKLYN, NY 11226-6612
- In care of
- % YMS MGMT
- Principal officer (990 for 2024)
- ROBIN REDMOND, 1616 NEWKIRK AVENUE, BROOKLYN, NY 11226
- Signed the 990
- ROBIN REDMOND, EXECUTIVE DIRECTOR
- Phone
- (718) 859-3800
- Return prepared by
- WINNIE TAM & CO PC
Mission
FDC IS DEDICATED TO MEETING THE NEEDS OF A DIVERSE VIBRANT BROOKLYN. FDC IDENTIFIES RESPONDS TO THESE NEEDS BY BUILDING PARTNERSHIPS, CREATING PROGRAMS DEVELOPING CAMPAIGNS FOR ECONOMIC DEVELOPMENT, HOUSING, YOUTH, IMMIGRATION OTHER INITIATIVES THAT PROMOTE ENHANCED QUALITY OF LIFE, SAFETY, EQUITY PRESERVATION OF THEIR COMMUNITY.
Program accomplishments
- YOUTH DEVELOPMENT ACTIVITIES INCLUDE AFTER SCHOOL AND EVENING EDUCATIONAL AND RECREATIONAL PROGRAMS DESIGNED TO DEVELOP YOUTH INTO PRODUCTIVE MEMBERS OF SOCIETY.Expenses $2,626,040
- HOUSING PRESERVATION ACTIVITIES INCLUDE PROVIDING ASSISTANCE TO INDIVIDUAL TENANTS, HOME OWNERS AND LANDLORDS ABOUT THEIR RIGHTS AND RESPONSIBILITIES, ABOUT HOW TO MAINTAIN AND PRESERVE THEIR HOMES, AND AFFORDABLE HOUSING PROGRAMS.Expenses $1,611,926
- ECONOMIC DEVELOPMENT ACTIVITIES INCLUDE ASSISTANCE TO SMALL BUSINESS AND ATTRACTING NEW BUSINESSES TO THE LOCAL COMMERCIAL STRIP.Expenses $154,163
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
- 51-0188251
- 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
- 1976
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31Z)
- Assets (IRS master file)
- $4,510,237
- Income (IRS master file)
- $5,085,655
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $4,616,666 | $4,775,664 | $2,378,001 | IRS |
| 990 | June 2022 | $3,907,106 | $3,982,167 | $2,604,374 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about FLATBUSH DEVELOPMENT CORPORATION
- What is the EIN of FLATBUSH DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of FLATBUSH DEVELOPMENT CORPORATION is 51-0188251.
- Is FLATBUSH DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1976.
- Are donations to FLATBUSH DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FLATBUSH DEVELOPMENT CORPORATION 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 FLATBUSH DEVELOPMENT CORPORATION 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 FLATBUSH DEVELOPMENT CORPORATION 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 FLATBUSH DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names ROBIN REDMOND.
- Who are the officers and directors of FLATBUSH DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 10 people; 1 received compensation from the organization, the highest $117,404 (ROBIN REDMOND, EXECUTIVE DIRECTOR).
- How much revenue does FLATBUSH DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,085,655, expenses of $5,065,274 and total assets of $4,510,237 at year end.
Other nonprofits in BROOKLYN
- CAMBA INC EIN 11-2480339 · last filed 990 for 2025
- BROOKLYN NAVY YARD DEVELOPMENT CORPORATION EIN 11-2137138 · last filed 990 for 2025
- HOUSING WORKS INC EIN 13-3584089 · last filed 990 for 2025
- ST NICKS ALLIANCE CORP EIN 51-0192170 · last filed 990 for 2024
- NPOWER INC EIN 13-4145441 · last filed 990 for 2025
- CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION INC EIN 11-2683663 · last filed 990 for 2025
- ARAB-AMERICAN FAMILY SUPPORT CENTER INC EIN 11-3167245 · last filed 990 for 2025
- BUILDING 77 QALICB INC EIN 47-2526419 · last filed 990 for 2025
All nonprofits in BROOKLYN · New York · Community improvement and capacity building