Fac Center Local Development Corporation: Nonprofit Profile, Financials & Form 990 (EIN 20-2849260)

Revenue by fiscal year
FY2021	$708K
FY2022	$710K
FY2023	$3.3M
FY2024	$751K
FY2025	$782K

Expenses by fiscal year
FY2021	$584K
FY2022	$544K
FY2023	$805K
FY2024	$549K
FY2025	$571K

Net assets by fiscal year
FY2021	$943K
FY2022	$1.1M
FY2023	$3.6M
FY2024	$3.8M
FY2025	$4.1M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Part of a larger organization · Schedule R

Fac Center Local Development Corporation files its own Form 990, but Schedule R discloses 25 related entities — figures on this page are for this EIN only, not the whole group.

Fifth Avenue Committee Incorporated · Fac Hdfc · Neighbors Helping Neighbors INC · Leap INC + 21 more · see all

Combined filings · FY2025 · 9 entities with data

Simple sum of each entity's Form 990 headline figures — not audited consolidated financials. This page's EIN is 3% of group revenue.

Group revenue

$24.2M

Group expenses

$23.7M

Group net assets

$23.1M

Fifth Avenue Committee Incorporated · $10.8M rev · $7.4M net assets

Neighbors Helping Neighbors INC · $1.5M rev · $1.3M net assets

Leap INC · $8.2M rev · $13.0M net assets

573 Warren Street Hd Fc · $386K rev · $476K net assets

50th Street Housing Development Fund Corporation · $484K rev · −$817K net assets

Fac Homeownership Housing Development Fund Corporation · $72K rev · $187K net assets

Where the money goes

99 cents of each dollar spent went to programs.

99%

Program services 99% · $563K Management & general 1% · $8K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Michelle De La Uz

Secretary

$0Pt VII · Sec A

Dany Cunnigham

President

$0Pt VII · Sec A

Jessica Yager

Treasurer

$0Pt VII · Sec A

See Fac Center Local Development Corporation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps people find jobs and creates employment opportunities in South Brooklyn.

Questions for Fac Center Local Development Corporation

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Provided by the organization

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1 program · $563K · in their own filed words · FY2024

01

The organization serves as a community center in south brooklyn to train individuals on improving their job skills and employee marketability, attract out of the area businesses and agencies to relocate or grow to the local area and reatin local businesses and agencies.

$563Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2023

Fifth Avenue Committee IncorporatedFY2023$150K

Total grants receivedfrom 1 funder$150K

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$782K

Ln 12

Fees for servicesLn 2g$726K

Investment incomeLn 3$54K

Other incomeLn 4–11$3K

Money outPt IX

$571K

Ln 25

Programscol B$563K

Managementcol C$8K

Owns and owesPt X

$4.1M

net assets · Ln 32

Cash and savingsLn 1–2$1.5M

Total assetsLn 16$6.7M

LiabilitiesLn 26$2.6M

PeoplePt VI, VII

3

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$726K

Investment incomeLn 3$54K

Other incomeLn 4–11$3K

Total revenueLn 12$782K

Assets in detailPt X, end of year

CashLn 1$1.5M

Cash and savings togetherLn 1–2$1.5M

Land, buildings, equipmentLn 10c$3.5M

Other assetsLn 15$1.7M

Total assetsLn 16$6.7M

LiabilitiesLn 26$2.6M

Net assetsLn 32$4.1M

OperationsPt I, VI

EmployeesI 50

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$2.0M	$1.5M
Land, buildings, equipmentLn 10c	$3.6M	$3.5M
Total assetsLn 16	$6.8M	$6.7M
LiabilitiesLn 26	$2.9M	$2.6M
Net assetsLn 32	$3.8M	$4.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$60K	$60K
Accounting feesLn 11c	$8K		$8K
Other fees for servicesLn 11g	$4K	$4K
Information technologyLn 14	$1K	$1K
InterestLn 20	$184K	$184K
Depreciation, depletion and amortizationLn 22	$170K	$170K
InsuranceLn 23	$15K	$15K
Other expenses (24a–d)Ln 24	$115K	$115K
All other expensesLn 24e	$15K	$15K
Total functional expensesLn 25	$571K	$563K	$8K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$782K	$571K	$211K	$4.1M	990 PDF
FY2024	$751K	$549K	$202K	$3.8M	990 PDF
FY2023	$3.3M	$805K	$2.5M	$3.6M	990 PDF
FY2022	$710K	$544K	$166K	$1.1M	990 PDF
FY2021	$708K	$584K	$124K	$943K	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2025 990 (6 parts)

Part I · Summary $781,949 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenuePrior year $733,402$725,843

I-10 Investment incomePrior year $15,708$53,579

I-11 Other revenuePrior year $1,787$2,527

I-12 Total revenuePrior year $750,897$781,949

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $549,013$571,192

I-18 Total expensesPrior year $549,013$571,192

I-19 Revenue less expensesPrior year $201,884$210,757

Part VI · Governance 3 of 3 board members independent, 2 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

VI-13 Written whistleblower policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $781,949 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $725,843$725,843

VIII-3 Investment incomeExcluded from tax $53,579$53,579

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,527$2,527

VIII-12 Total revenueRelated to mission $728,370 · Excluded from tax $53,579$781,949

Part IX · Statement of functional expenses $571,192 across 9 lines filed

IX-11a Management feesPrograms $59,641$59,641

IX-11c Accounting feesManagement $8,500$8,500

IX-11g Other fees for servicesPrograms $3,919$3,919

IX-14 Information technologyPrograms $1,138$1,138

IX-20 InterestPrograms $183,991$183,991

IX-22 Depreciation, depletion and amortizationPrograms $169,709$169,709

IX-23 InsurancePrograms $14,517$14,517

IX-24 Other expenses (24a–d)Programs $115,229$115,229

IX-24e All other expensesPrograms $14,548$14,548

IX-25 Total functional expensesPrograms $562,692 · Management $8,500 · Fundraising $0$571,192

Part X · Balance sheet $6,698,390 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $1,987,230$1,465,660

X-4 Accounts receivableStart of year $5,485$15,322

X-9 Prepaid expenses and deferred chargesStart of year $7,665$11,443

X-10c Land, buildings and equipment, netStart of year $3,578,490$3,461,618

X-15 Other assetsStart of year $1,189,325$1,744,347

X-16 Total assetsStart of year $6,768,195$6,698,390

X-17 Accounts payable and accrued expensesStart of year $89,705$31,287

X-25 Other liabilitiesStart of year $68,175$68,175

X-26 Total liabilitiesStart of year $2,923,846$2,643,284

X-27 Net assets without donor restrictionsStart of year $3,844,349$4,055,106

X-32 Total net assets or fund balancesStart of year $3,844,349$4,055,106

X-33 Total liabilities and net assetsStart of year $6,768,195$6,698,390

Part XI · Reconciliation of net assets $4,055,106 net assets at year end

XI-1 Total revenue$781,949

XI-2 Total expenses$571,192

XI-3 Revenue less expenses$210,757

XI-4 Net assets at start of year$3,844,349

XI-10 Net assets at end of year$4,055,106

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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Fac Center Local Development Corporation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Fac Center Local Development Corporation

Funders

Grants

Related Organizations

By the numbers

Filing history

Schedules filed Part IV