FAC CENTER LOCAL DEVELOPMENT CORP

BROOKLYN, NY, 11217-4596 (718) 237-2017 Est. 2004 EIN 20-2849260
S99— Community Improvement Form 990 501(c)(3)

Mission

THE MISSION OF THE ORGANIZATION IS TO REDUCE UNEMPLOYMENT AND EXPAND JOB OPPORTUNITIES IN THE SOUTH BROOKLYN AREA.

Financials

Total Revenue
$750,897
Total Expenses
$549,013
Net Assets
$3,844,349
From latest filing (tax period ending 2024-06-30)

Financial Health

Operating Reserve
7.0 years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↓ 77.5%
Expenses ↓ 31.8%
Revenue Sources
Earned revenue 97.7% Investment 2.1%
Expense Breakdown
Program 98.5% Management 1.5%

Officers & Key Employees (3)

We treat individual compensation with extra care. Named amounts are on Grow plans.

Grants Received (2)

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Filing History (3 filings)

YearRevenueExpensesNet Assets
2023 Form 990$750,897 ↓$549,013$3,844,349
2022 Form 990$3,338,292 ↑$805,147$3,642,465
2020 Form 990$707,974 $583,602$942,830

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EIN: 20-2849260 · Source: IRS Form 990 e-file data