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Fac Center Local Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 202849260 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

Overview

What is Fac Center Local Development Corporation?

The Fac Center Local Development Corporation, located in South Brooklyn, New York, functions as a community hub. Its primary goal is to combat unemployment in the area by enhancing individuals' job skills and improving their employability. To achieve this, the organization offers training programs. Additionally, it strives to attract businesses and agencies from outside the area to relocate or expand, thereby bolstering the local economy. Furthermore, the Fac Center Local Development Corporation works to retain existing businesses and agencies within the community. In essence, its mission is to foster job growth and opportunities in South Brooklyn.


Is Fac Center Local Development Corporation legitimate?

Fac Center Local Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fac Center Local Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Fac Center Local Development Corporation?
Who is the CEO of Fac Center Local Development Corporation?
What is the revenue of Fac Center Local Development Corporation?
Who are the executives of Fac Center Local Development Corporation and what are their salaries?
Where can I find the form 990 for Fac Center Local Development Corporation?

Mission Statement of Fac Center Local Development Corporation

The Fac Center Local Development Corporation, as a community organization, is dedicated to reducing unemployment and expanding job opportunities in the South Brooklyn area. In pursuit of this mission, the organization functions as a local hub, offering training programs to individuals aiming to enhance their job skills and improve their employability. Beyond this, the Fac Center Local Development Corporation endeavors to attract businesses and agencies from outside the area, encouraging them to either relocate or expand within the locality. Additionally, the organization works to retain existing businesses and agencies within the South Brooklyn community.

Impact

This information is meant to be a general summary of Fac Center Local Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




Wednesday, July 24, 2024

Fac Center Local Development Corporation's impact is significant in the South Brooklyn area, where it plays a key role in reducing unemployment and expanding job opportunities. By serving as a community center that offers training programs to enhance job skills and marketability, the organization directly contributes to boosting employment prospects for individuals in the region. Additionally, Fac Center works to attract businesses and agencies from outside the area to relocate or expand in South Brooklyn, thereby stimulating economic growth and creating more employment opportunities. By retaining local businesses and agencies, the organization also helps in maintaining a sustainable and vibrant economic ecosystem within the community.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $175
  • Program Service Revenue: $710,159
  • Gross Receipts: $710,334

    • Assets and Liabilities:
  • Total Assets: $4,397,685
  • Total Liabilities: $3,288,365
  • Net Assets: $1,109,320
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    REMIBURSEMENTS

    Revenue

    $2,767

    RENTAL INCOME

    Revenue

    $707,392

    Organization Details

    Founding Year

    2004

    Principal Officer

    Dany Cunnigham

    Main Address

    621 DEGRAW STREET, BROOKLYN, NY, 11217

    NTEE Category

    Code: S99 - Community improvement

    If you are a representative of Fac Center Local Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.