North Brooklyn Development Corporation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
NORTH BROOKLYN DEVELOPMENT CORPORATION WAS FORMED TO ASSIST,PROMOTE, ENCOURAGE AND STIMULATE THE CONSTRUCTION AND/OR REHABILITATION OF RESIDENTIAL BUILDINGS IN BLIGHTED OR UNDERDEVELOPED AREAS OF BROOKLYN,NY
- Income
- $1.1 million
- Spending
- $1.0 million
- Spent on programs
- 65%
- Reserves
- 28.7 months of spending
- Largest source of income
- government grants, 62%
- Employees
- 57
- Highest pay
- $201,442, executive di
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 75 out of 100. Higher than 52% of charities in its peer group (human services, $1m to $10m).
Reserves
35 of 35Spendable reserves would cover 28.7 months of spending.
Debt
20 of 20It owes 1% of what it owns.
Living within its means
12 of 15Income exceeded spending by 2% of income.
Income trend
0 of 15Income fell 29% on the year before.
Spending floor
8 of 1564% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 80 out of 100. Higher than 32% of charities in its peer group (human services, $1m to $10m).
Independent board
5 of 250 of 10 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $508,742 spent. AFTER SCHOOL PROGRAMS-NBDC HAS CONTINUED TO OPERATE AFTER SCHOOL PROGRAMS IN 1 LOCAL SCHOOL FOR 120 ELEMENTARY SCHOOL STUDENTS AGES 6 TO 11. THE PROGRAM OPERATES @ 3 HOURS A DAY 5 DAYS A WEEK.IT PROVIDES A SAFE, HEALTHY, AND INTELLECTUALLY ENRICHING ENVIRONMENT OUTSIDE OF SCHOOL TIME.IT PROVIDES AN OPPORTUNITY FOR LOCAL SCHOOL CHILDREN TO PARTICIPATE IN NUMEROUS ART AND SCIENCE PROJECTS AND COMMUNITY SERVICE ACTIVITIES. DURING THE 2024-25 SCHOOL YEAR, THE PROGRAM WAS FULLY OPERATIONAL AND PROVIDED IN PERSON SERVICES.
- $131,689 spent. NEIGHBORHOOD AND HOUSING PRESERVATION PROGRAM- DURING THE LAST 12 MONTHS WE HAD CLOSE TO 1500 VISITS TO OUR OFFICE BECAUSE OF HOUSING RELATED MATTERS. PROGRAM PROVIDED THE FOLLOWING SERVICES: INFORMATION AND ADVICE ON TENANT RIGHTS AND THEIR ENFORCEMENT THROUGH WORKSHOPS,TENANT ASSOCIATION MEETINGS, AND DURING INDIVIDUAL CONSULTATIONS, FINDING LEGAL HELP AND ASSISTING TENANTS IN HOUSEING COURT AS WELL AS WRITING LETTERS TO LANDLORDS AND HOUSING AGENCIES ON BEHALF OF TENANTS. OUR STAFF HAS ALSO PROVIDED INFORMATION AND ASSISTANCE IN LOCATING AND APPLYING FOR AFFORDABLE APARTMENTS.
- $33,042 spent. ALL OTHER PROGRAM
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since July 1981.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Could it be confused with another charity? Worth knowing.
A much larger organization has a similar name: Brooklyn Navy Yard Development Corporation (Brooklyn, NY), EIN 11-2137138. If that is the one you meant, check the EIN before giving.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.