BROOKLYN, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE LOCAL DEVELOPMENT CORPORATION OF CROWN HEIGHTS, founded in 1987, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2023. Expenses of $1.5M exceeded revenue, resulting in a 26% operating deficit.
THE LOCAL DEVELOPMENT CORPORATION OF CROWN HEIGHTS, INC. ("LDCCH") WAS ORGANIZED IN NOVEMBER 1987 AS A NOT-FOR-PROFIT CHARITABLE CORPORATION WHOSE PURPOSE WAS TO RELIEVE AND REDUCE UNEMPLOYMENT, INTER ALIA, AND WAS LATER AMENDED TO INCLUDE PROVIDING HOUSING ACCOMMODATIONS TO PERSONS AND FAMILIES OF LOW INCOME, AS WELL AS OPERATING CERTAIN PROGRAMS TO SUPPORT THE SURROUNDING COMMUNITY.
COMMUNITY AND SOCIAL SERVICES - OPERATED/FUNDED THROUGH NPP PROGRAM IS COMPLEMENTED BY A PROGRAM THAT TEACHES KEY FINANCIAL CONCEPTS, SUCH AS CREDIT, BUDGETING AND DEBT REDUCTION. THE ORGANIZATION...
COMMUNITY AND SOCIAL SERVICES - OPERATED/FUNDED THROUGH NPP PROGRAM IS COMPLEMENTED BY A PROGRAM THAT TEACHES KEY FINANCIAL CONCEPTS, SUCH AS CREDIT, BUDGETING AND DEBT REDUCTION. THE ORGANIZATION PROVIDED TRAINING AND INFORMATIONAL SESSIONS AS WELL AS INDIVIDUAL ASSISTANCE TO RESIDENTS OF THE CROWN HEIGHTS AND CENTRAL BROOKLYN COMMUNITY.
PROVIDING AFFORDABLE HOUSING SERVICES - THIS PROGRAM OFFERS ASSISTANCE IN HOUSING AND QUALITY OF LIFE ISSUES. OTHER SERVICES OFFERED UNDER THIS PROGRAM INCLUDE FIRST TIME HOME BUYER WORKSHOPS...
PROVIDING AFFORDABLE HOUSING SERVICES - THIS PROGRAM OFFERS ASSISTANCE IN HOUSING AND QUALITY OF LIFE ISSUES. OTHER SERVICES OFFERED UNDER THIS PROGRAM INCLUDE FIRST TIME HOME BUYER WORKSHOPS, HOUSING DEVELOPMENT PROGRAMS, APARTMENT RELOCATION, COUNSELING TO BUSINESS OWNERS AND INDIVIDUALS, SMALL BUSINESS DEVELOPMENT EDUCATION PROGRAMS, COLLABORATIVE PROJECTS WITH OTHER COMMUNITY ORGANIZATIONS, INFORMATION AND REFERRALS TO GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS FUNDED BY NYS DIVISION OF HOUSING AND COMMUNITY RENEWAL AND HOUSING MAINTENANCE WORKSHOPS. THE ORGANIZATION SPONSORS VARIOUS AFFORDABLE HOUSING THROUGH ITS CONTROL AND OWNERSHIP INTERESTS IN VARIOUS AFFORDABLE HOUSING PROJECTS IN THE CROWN HEIGHTS AREA. (CONT'D ON SCHEUDLE O)IN 2023, THIS PROGRAM PROVIDED 700 UNITS OF LOW-INCOME SENIOR OR AFFORDABLE HOUSING IN 7 DEVELOPMENTS CONSISTING OF 20 BUILDINGS IN THE CENTRAL BROOKLYN COMMUNITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,226,111 | $1,270,264 | 0.0% |
| Expenses | $1,544,041 | $1,132,590 | +0.4% |
| Net Income | $-317,930 | $137,674 | -3.3% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CHARLES E THOMAS | CHAIRMAN | 0.25 |
Officer
Director
|
$0 | $0 | $0 |
| ALECIA MASON | VICE-CHAIR | 0.25 |
Officer
Director
|
$0 | $0 | $0 |
| CORY SARGEANT | TREASURER PRO TEM | 0.25 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL BAILEY ESQ | MEMBER | 0.25 |
Director
|
$0 | $0 | $0 |
| SONIA CLARKE | MEMBER | 0.25 |
Director
|
$0 | $0 | $0 |
| STEVE CROMITY SR | MEMBER | 0.25 |
Director
|
$0 | $0 | $0 |
| ALLYSON FRANKLIN ESQ | MEMBER | 0.25 |
Director
|
$0 | $0 | $0 |
| VON JOSEPH | MEMBER | 0.25 |
Director
|
$0 | $0 | $0 |
| KENNETH LAIDLOW | MEMBER | 0.25 |
Director
|
$0 | $0 | $0 |
| VICTORIA POWE-BITTLE | MEMBER | 0.25 |
Director
|
$0 | $0 | $0 |
| KENNETH L PYLE SR | MEMBER | 0.25 |
Director
|
$0 | $0 | $0 |
| MILDRED SMITH | MEMBER | 0.25 |
Director
|
$0 | $0 | $0 |
| VAL HENRY | PRESIDENT/CEO | 35.00 |
Officer
|
$183,568 | $7,170 | $190,738 |
| CARMEN MARTINEZ | OFFICE MANAGER/OUTREACH DIRECTOR | 40.00 |
Highest
|
$123,553 | $1,533 | $125,086 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,226,111 | $1,470,419 | $12,934,174 | $-244,308 |
| 2023 | $1,226,111 | $1,544,041 | $12,860,552 | $-317,930 |
| 2022 | $1,270,264 | $1,132,590 | $10,056,426 | $137,674 |
| 2021 | $1,226,376 | $1,024,799 | $9,824,769 | $201,577 |
| 2020 | $1,222,274 | $828,841 | $2,663,145 | $393,433 |
| 2019 | $1,761,036 | $749,994 | $2,414,004 | $1,011,042 |
| 2018 | $1,167,194 | $599,215 | $1,390,071 | $567,979 |
| 2018 | $1,156,228 | $583,961 | $1,398,333 | $572,267 |
Compare THE LOCAL DEVELOPMENT CORPORATION OF CROWN HEIGHTS with other nonprofits in New York and across the country.