CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION

EIN: 112683663 501(c)(3) Community Improvement

BROOKLYN, NY

Total Revenue
$28,477,850
Total Expenses
$20,566,805
Total Assets
$46,680,707
Net Assets
$19,319,734
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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
NY
Principal Officer
MICHELLE NEUGEBAUER
Phone
7186472800
Tax Period
2023-07-01 to 2024-06-30

CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION, founded in 1983, is a mid-sized nonprofit in the Community Improvement sector that reported $28.5M in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.9M, a strong 28% operating margin.

Mission

WITH COMMUNITY RESIDENTS LEADING THE WAY, THE MISSION OF CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION (CHLDC) IS TO BUILD A STRONG SUSTAINABLE CYPRESS HILLS AND EAST NEW YORK, WHERE YOUTH AND ADULTS ACHIEVE EDUCATIONAL AND ECONOMIC SUCCESS, SECURE AFFORDABLE HOUSING AND DEVELOP LEADERSHIP SKILLS TO TRANSFORM THEIR LIVES AND COMMUNITY. WE ALSO PROMOTE POLICIES THAT PROMOTE RACIAL EQUITY.

Program Service Accomplishments

Program 1
Expenses: $11,130,138 Revenue: $1,335,872

YOUTH AND HUMAN SERVICES THE CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION (CHLDC) SERVED 3,907 CHILDREN IN HIGH QUALITY, COMPREHENSIVE AFTERSCHOOL AND SUMMER CAMP PROGRAMMING IN FY24. WE ENGAGED YOUNG...

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YOUTH AND HUMAN SERVICES THE CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION (CHLDC) SERVED 3,907 CHILDREN IN HIGH QUALITY, COMPREHENSIVE AFTERSCHOOL AND SUMMER CAMP PROGRAMMING IN FY24. WE ENGAGED YOUNG PEOPLE IN EVIDENCE-BASED LITERACY BUILDING PROGRAMMING, ARTS AND CULTURAL ACTIVITIES, RECREATION AND SPORTS AND COMMUNITY SERVICE. OUR ORGANIZATION IMPLEMENTED SEVERAL STRATEGIES AND MODELS TO STRENGTHEN THE SOCIAL AND EMOTIONAL COMPETENCIES OF OUR YOUTH. AT OUR BEACON SCHOOL-BASED COMMUNITY CENTERS AT JHS 218 AND PS 214 WE SERVED 1,386 CHILDREN AND ADULTS WITH EDUCATION, RECREATION AND LEADERSHIP DEVELOPMENT PROGRAMS, INCLUDING OUR COUNSELORS IN TRAINING INITIATIVE WHICH IS THE FIRST RUNG OUR INTERNAL LADDERS OF LEADERSHIP WHICH ENHANCES THE LEADERSHIP SKILLS OF OUR YOUTH AND TRAINS THEM FOR CAREERS IN YOUTH DEVELOPMENT AT OUR ORGANIZATION. IN FY24 OUR MIDDLE SCHOOL STUDENT SUCCESS CENTER {MSSSC) EDUCATED 524 MIDDLE SCHOOL STUDENTS ABOUT THE HIGH SCHOOL CHOICE PROCESS AND ITS IMPORTANCE TO PURSUING HIGHER EDUCATION AND SUPPORTED OVER 200 EIGHTH GRADERS AND THEIR FAMILIES THROUGH THE CITY'S COMPLEX HIGH SCHOOL CHOICE PROCESS, ENABLING 99% OF OUR STUDENTS TO SECURE ADMISSION TO HIGH SCHOOLS WITH GRADUATION RATES ABOVE 75%.

Program 2
Expenses: $2,571,590

CAREER & EDUCATION, SMALL BUSINESS SUPPORT AND COMMUNITY ORGANIZING -CHLDC SERVED 1,267 RESIDENTS THROUGH OUR CAREER & EDUCATION PROGRAMS IN FY24 WHICH INCLUDES THE SUMMER YOUTH EMPLOYMENT PROGRAM...

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CAREER & EDUCATION, SMALL BUSINESS SUPPORT AND COMMUNITY ORGANIZING -CHLDC SERVED 1,267 RESIDENTS THROUGH OUR CAREER & EDUCATION PROGRAMS IN FY24 WHICH INCLUDES THE SUMMER YOUTH EMPLOYMENT PROGRAM AND SECTOR SPECIFIC JOB TRAINING PROGRAMS, INCLUDING TRANSPORTATION, HEALTH CARE, IT, CULINARY AND CONSTRUCTION SKILLS. WE ASSISTED 212 PARTICIPANTS IN OBTAINING ONE OR MORE NATIONALLY RECOGNIZED WORKFORCE CREDENTIALS AND PLACED 150 PARTICIPANTS IN JOBS WITH AN AVERAGE WAGE OF $19.50 AN HOUR. CH LDC PROVIDED ORGANIZING SUPPORT TO THE CYPRESS HILLS BUSINESS PARTNERS MERCHANTS ASSOCIATION TO PLAN CLEAN-UPS, GRAFFITI REMOVAL DAYS, LIGHTING UPGRADES AND CAME ONE STEP CLOSER WITH THE CITY COUNCIL'S APPROVAL TO ESTABLISHING A BUSINESS IMPROVEMENT DISTRICT ON FULTON STREET TO SUSTAIN THEIR SAFETY, SANITATION AND REVITALIZATION EFFORTS ON THE COMMERCIAL CORRIDOR. WE WORKED WITH 122 SMALL BUSINESS OPERATORS TO PUT TOGETHER BUSINESS PLANS, IMPROVE THEIR MARKETING AND ACCOUNTING AND SECURE FINANCING PRODUCTS. IN FY24 OUR COMMUNITY KITCHEN/SMALL BUSINESS INCUBATOR WORKED WITH 27 FOOD ENTREPRENEURS ON LICENSING, BUSINESS PLANNING, FINANCING, AND MARKETING. CHLDC MOBILIZES LOCAL RESIDENTS AND MERCHANTS THROUGH THE EAST NEW YORK COALITION FOR COMMUNITY ADVANCEMENT TO DEMAND HOUSING, TRANSIT AND ECONOMIC JUSTICE FOR THE COMMUNITY. LAST YEAR, 500+ RESIDENTS PARTICIPATED IN MEETINGS AND ACTIONS TO STOP THE DISPLACEMENT OF BLACK AND LATINO, LOW AND MODERATE-INCOME PEOPLE FROM EAST NEW YORK. THE COALITION INCLUDES OTHER COMMUNITY-BASED ORGANIZATIONS, CLERGY MEMBERS, HOMEOWNERS, RENTERS AND MERCHANTS. THEY ARE ALSO ADVOCATING FOR TRANSIT EQUITY AND INVESTMENTS IN THE BROADWAY JUNCTION HUB. OUR COMMUNITY ORGANIZING TEAM AT CH LDC SUPPORTS YOUTH ACTIVISTS IN A GRASSROOTS GROUP "FUTURE OF TOMORROW" THAT IS SEEKING MORE INVESTMENTS IN PUBLIC SCHOOLS FOR GUIDANCE AND COLLEGE ACCESS SUPPORT AS WELL AS RESTORATIVE JUSTICE PROGRAMMING. CH LDC IS INCUBATING THE EAST NEW YORK COMMUNITY LAND TRUST, WHICH IS ADVOCATING FOR COMMUNITY CONTROL OF PUBLIC LAND IN THE NEIGHBORHOOD.

Program 3
Expenses: $3,667,784

COMMUNITY DEVELOPMENT, HOUSING COUNSELING & ADVOCACY AND COMMUNITY CENTER IN OUR SECOND YEAR OF OPERATIONS AT OUR NEW CYPRESS HILLS EAST NEW YORK COMMUNITY CENTER, WE HAVE GROWN INTO A BUSTLING...

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COMMUNITY DEVELOPMENT, HOUSING COUNSELING & ADVOCACY AND COMMUNITY CENTER IN OUR SECOND YEAR OF OPERATIONS AT OUR NEW CYPRESS HILLS EAST NEW YORK COMMUNITY CENTER, WE HAVE GROWN INTO A BUSTLING SERVICE HUB FOR YOUNG PEOPLE AND FAMILIES TO CONNECT TO VITAL RESOURCES AND OPPORTUNITIES. WE WERE ABLE TO OFFER SPORTS, ARTS, IT AND MEDIA, ADULT EDUCATION AND RECREATION CLASSES FOR 871 RESIDENTS. SOME OF OUR OFFERINGS INCLUDED: BASKETBALL, SOCCER, BACHATA DANCE, PODCASTING, MEDITATION, A TEEN THERAPEUTIC ART PROGRAM AND OTHER STRESSREDUCTION ACTIVITIES. CH LDC MADE PROGRESS ON A ROBUST PIPELINE OF AFFORDABLE HOUSING DEVELOPMENT AND PRESERVATION PROJECTS. WE ARE REHABILITATING FOUR PARTIALLY OCCUPIED APARTMENT BUILDINGS THROUGH THE CITY'S THIRD PARTY TRANSFER PROGRAM AND ARE WORKING ON FIVE OTHER PROJECTS, WHICH ARE IN THE PRE-DEVELOPMENT PHASE AND GETTING CLOSER TO CONSTRUCTION LOAN CLOSINGS. WE PARTNERED WITH THE ENY COMMUNITY LAND TRUST TO ORGANIZE RESIDENTS OF A LONG FORGOTTEN PART OF THE COMMUNITY KNOWN AS THE HOLE WHICH LACKS BASIC INFRASTRUCTURE, FLOODSFREQUENTLY AND ATTRACTS DUMPING. THE TWO ORGANIZATIONS HAVE ENGAGED RESIDENTS, ELECTED OFFICIALS AND GOVERNMENT REPRESENTATIVES TO PLAN FOR MASSIVE INFRASTRUCTURE UPGRADES AND THE FUTURE OF THE AREA. OUR ORGANIZATION, ALONG WITH THE PRATT CENTER AND IMPACCT BROOKLYN ALSO CONTINUED OUR ENERGYFIT INITIATIVE TO RETROFIT AND ELECTRIFY SMALL HOMES IN THE COMMUNITY. CH LDC ASSISTED 1,252 LOW INCOME NEW YORKERS IN APPLYING FOR PUBLIC BENEFITS SUCH AS SNAP AND FAIR FARES. WE HOSTED OUR CYPRESS HILLS FARMERS MARKET WITH GROWNYC AND HELPED 1,300 COMMUNITY MEMBERS GAIN ACCESS TO HEALTHY FOOD. IN FY24, OUR HOUSING COUNSELORS ASSISTED 675 RENTERS AND HOMEOWNERS IN ENROLLING IN LOTTERIES FOR AFFORDABLE HOUSING AND SECURING HOUSING SUBSIDIES/BENEFITS AND REPAIRS, AVOIDING FORECLOSURE AND EVICTION AND PREVENTING DISPLACEMENT. CHLDC OFFERED IN-PERSON TENANT COUNSELING, FORECLOSURE PREVENTION, FINANCIAL LITERACY AND HOMEOWNERSHIP STABILIZATION SUPPORT THROUGHOUT THE YEAR.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $27,615,254
Program Service Revenue $1,054,947
Investment Income $51,748
Other Revenue $-244,099
TOTAL REVENUE $28,477,850

Expense Breakdown

Grants Paid $64,896
Salaries & Benefits $15,144,880
Fundraising Expenses $477,616
Program Expenses $17,369,512
Other Expenses $5,357,029
TOTAL EXPENSES $20,566,805

Year-over-Year Comparison

2023 2022 Change
Revenue $28,477,850 $18,937,282 +0.5%
Expenses $20,566,805 $18,171,211 +0.1%
Net Income $7,911,045 $766,071 +9.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
608
Volunteers
30

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$365,955
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AIDAN LANIGAN BOARD MEMBER 1.00
Director
$0 $0 $0
ALEXIS SANCHEZ BOARD MEMBER 1.00
Director
$0 $0 $0
AMORY SANCHEZ BOARD MEMBER 1.00
Director
$0 $0 $0
FLORENCE CHARLES TREASURER 1.00
Officer Director
$0 $0 $0
GEORGE TORRES BOARD MEMBER 1.00
Director
$0 $0 $0
HAROLD GREEN CHAIR EMERITUS 1.00
Officer Director
$0 $0 $0
JESSE BRUCE CLARK BOARD MEMBER 1.00
Director
$0 $0 $0
MARISOL QUINONES SECRETARY 1.00
Officer Director
$0 $0 $0
MELODYE HARVEY ASSISTANT TREASURER 1.00
Officer Director
$0 $0 $0
MICHAEL LAWES PRESIDENT 1.00
Officer Director
$0 $0 $0
MIRIAN RODRIGUEZ BOARD MEMBER 1.00
Director
$0 $0 $0
NICHOLAS RUSSO BOARD MEMBER 1.00
Director
$0 $0 $0
R D GENTZLER BOARD MEMBER 1.00
Director
$0 $0 $0
SHANELY MARMOLEJOS BOARD MEMBER 1.00
Director
$0 $0 $0
SYLVIA STOVALL BOARD MEMBER 1.00
Director
$0 $0 $0
GAUDI POLANCOMENDOZA CHIEF FINANCIAL OFFICER 35.00
Officer
$148,434 $6,967 $155,401
MICHELLE NEUGEBAUER EXECUTIVE DIRECTOR 35.00
Officer
$184,429 $26,125 $210,554
EMILY N VAN INGEN DEPUTY DIRECTOR 35.00
Highest
$187,593 $31,828 $219,421
ERICA OQUENDO DIVISION DIRECTOR OF YFS 35.00
Highest
$110,277 $19,627 $129,904
JESSICA BARTOLINI DIR. OF COMMUNITY DEV./PROJECT MANAGER 35.00
Highest
$116,729 $8,642 $125,371
JOSEPH BROWN III CHIEF HUMAN RESOURCE OFFICER/DIR. OF FACILITIES 35.00
Highest
$113,715 $29,572 $143,287
TANIA RIVERA DIRECTOR OF PLANNING AND DEVELOPMENT 35.00
Highest
$106,495 $29,674 $136,169
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2024 $28,477,850 $20,566,805 $46,680,707 $7,911,045
2023 $18,937,282 $18,171,211 $37,207,760 $766,071
2023 $19,269,176 $18,060,306 $23,769,565 $1,208,870
2022 $19,227,738 $16,361,867 $22,852,372 $2,865,871
2021 $13,804,521 $13,188,403 $17,422,005 $616,118
2021 $16,091,549 $13,376,706 $20,394,898 $2,714,843
2020 $14,908,263 $14,572,786 $17,386,266 $335,477
2019 $15,595,371 $15,570,800 $14,874,210 $24,571
2019 $15,595,371 $15,570,800 $15,733,169 $24,571
2018 $14,643,255 $14,230,161 $15,252,159 $413,094
2018 $14,643,255 $14,230,161 $15,252,159 $413,094
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