East New York Clt Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
ENYCLT IS AN ORGANIZATION OF COMMUNITY LEADERS AND ACTIVISTS DEDICATED TO PRESERVING AFFORDABILITY FOR FUTURE GENERATIONS AND PROVIDING A VEHICLE TO CREATE GENERATIONAL WEALTH. ENYCLT SEEKS TO OWN LAND AND LEASE THE LAND TO THE OWNERS OF THE BUILDINGS AND OTHER USERS ON THE LAND.
- Income
- $856,757
- Spending
- $653,223
- Spent on programs
- 86%
- Reserves
- -33.8 months of spending
- Largest source of income
- government grants, 67%
- Employees
- 0
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 35 out of 100. Higher than 23% of charities in its peer group (housing, $250k to $1m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
5 of 20It owes 64% of what it owns.
Living within its means
15 of 15Income exceeded spending by 24% of income.
Income trend
0 of 15Income fell 33% on the year before.
Spending floor
15 of 1586% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 68 out of 100. Higher than 28% of charities in its peer group (housing, $250k to $1m).
Independent board
25 of 256 of 6 voting board members are independent.
Conflict of interest policy
0 of 15Reports no written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no 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.
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 December 31, 2024, 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 (2)
- $155,717 spent. ENYCLT'S PROGRAMMING AIMS TO PROTECT, STABILIZE, AND EXPAND THE STOCK OF AFFORDABLE HOMES, LOCALLY-OWNED SMALL BUSINESSES, AND GREEN SPACES IN EAST NEW YORK AND BROWNSVILLE, TO BENEFIT LOW TO MODERATE-INCOME BLACK, INDIGENOUS, AND PEOPLE OF COLOR (BIPOC) RESIDENTS. THE ENYCLT WILL ACQUIRE LAND AND LEASE IT FOR DEVELOPMENTS/PROJECTS THAT WILL BENEFIT ALL RESIDENTS, SUCH AS AFFORDABLE HOUSING, GARDENS, COMMUNITY CENTERS, ETC. ENYCLT WILL ENSURE THAT THE COMMUNITY MAINTAINS CONTROL THROUGH ITS DEMOCRATICALLY ELECTED GOVERNING BOARD MADE UP OF LOCAL RESIDENTS. ENYCLT PURCHASED ITS FIRST PROPERTY IN EARLY 2024 AT 248 ARLINGTON AVENUE, AND FORMED 248 ARLINGTON AVENUE, LLC ("ARLINGTON"), TO HOLD THE PROPERTY. ENYCLT IS THE SOLE MEMBER OF ARLINGTON. COLLECTIVELY, ENYCLT AND ARLINGTON ARE REFERRED TO AS THE "ORGANIZATION." ENYCLT'S PROGRAMMING AIMS TO PROTECT, STABILIZE, AND EXPAND THE STOCK OF AFFORDABLE HOMES, LOCALLY-OWNED SMALL BUSINESSES, AND GREEN SPACES IN EAST NEW YORK AND BROWNSVILLE, TO BENEFIT LOW TO MODERATE-INCOME BLACK, INDIGENOUS, AND PEOPLE OF COLOR (BIPOC) RESIDENTS. THE ENYCLT WILL ACQUIRE LAND AND LEASE IT FOR DEVELOPMENTS/PROJECTS THAT WILL BENEFIT ALL RESIDENTS, SUCH AS AFFORDABLE HOUSING, GARDENS, COMMUNITY CENTERS, ETC. ENYCLT WILL ENSURE THAT THE COMMUNITY MAINTAINS CONTROL THROUGH ITS DEMOCRATICALLY ELECTED GOVERNING BOARD MADE UP OF LOCAL RESIDENTS. ENYCLT PURCHASED ITS FIRST PROPERTY IN EARLY 2024 AT 248 ARLINGTON AVENUE, AND FORMED 248 ARLINGTON AVENUE, LLC ("ARLINGTON"), TO HOLD THE PROPERTY. ENYCLT IS THE SOLE MEMBER OF ARLINGTON. COLLECTIVELY, ENYCLT AND ARLINGTON ARE REFERRED TO AS THE "ORGANIZATION."
- $406,502 spent. ARLINGTON'S PURPOSE IS TO HOLD THE 248 ARLINGTON PROPERTY ACQUIRED IN 2024. ARLINGTON'S ACTIVITY TO LEASE AND MAINTAIN THE PROPERTY, IS A NEW PROGRAM OF ENYCLT. THE PROPERTY WAS FULLY LEASED AT THE TIME OF PURCHASE.
Source: Form 990 for the year ending December 31, 2024, 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 October 13, 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 November 6, 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 October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since May 2021.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 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 November 4, 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.