2025-05-14T09:43:43-00:00 2024-06-30 133777972 WINNIE TAM & CO PC 50 BROAD STREET SUITE 1002 NEW YORK NY 10004 990 2023-07-01 510188251 FLATBUSH DEVELOPMENT CORPORATION FLAT 7188593800 1616 NEWKIRK AVENUE BROOKLYN NY 11226 ROBIN REDMOND EXECUTIVE DIRECTOR 7188593800 2025-05-14 true JESSIE TAM-MOY P02530627 2127854600 2025-05-14 2023 2025-03-06 01:10:19Z ROBIN REDMOND 1616 NEWKIRK AVENUE BROOKLYN NY 11226 5005854 false X WWW.FDCONLINE.ORG X 1975 NY BUILDING PARTNERSHIPS, CREATING PROG. DEVELOPING CAMPAIGNS FOR ECON. DEVELOP., HOUSING, YOUTH, IMMIGRATION OTHER INITIATIVES THAT PROMOTE ENHANCED QUALITY OF LIFE, SAFETY, EQUITY PRESERVATION OF THEIR COMMUNITY 9 9 158 218 0 4608243 4973265 0 12889 8423 19700 4616666 5005854 0 0 3369110 3223891 0 27458 1406554 1703639 4775664 4927530 -158998 78324 2378001 2888407 1018802 1450884 1359199 1437523 X FDC IS DEDICATED TO MEETING THE NEEDS OF A DIVERSE VIBRANT BROOKLYN. FDC IDENTIFIES RESPONDS TO THESE NEEDS BY BUILDING PARTNERSHIPS, CREATING PROGRAMS DEVELOPING CAMPAIGNS FOR ECONOMIC DEVELOPMENT, HOUSING, YOUTH, IMMIGRATION OTHER INITIATIVES THAT PROMOTE ENHANCED QUALITY OF LIFE, SAFETY, EQUITY PRESERVATION OF THEIR COMMUNITY. false false 2685600 YOUTH DEVELOPMENT ACTIVITIES INCLUDE AFTER SCHOOL AND EVENING EDUCATIONAL AND RECREATIONAL PROGRAMS DESIGNED TO DEVELOP YOUTH INTO PRODUCTIVE MEMBERS OF SOCIETY. 1193440 HOUSING PRESERVATION ACTIVITIES INCLUDE PROVIDING ASSISTANCE TO INDIVIDUAL TENANTS, HOME OWNERS AND LANDLORDS ABOUT THEIR RIGHTS AND RESPONSIBILITIES, ABOUT HOW TO MAINTAIN AND PRESERVE THEIR HOMES, AND AFFORDABLE HOUSING PROGRAMS. 303717 ECONOMIC DEVELOPMENT ACTIVITIES INCLUDE ASSISTANCE TO SMALL BUSINESS AND ATTRACTING NEW BUSINESSES TO THE LOCAL COMMERCIAL STRIP. 113270 4296027 true true false false false false false false false false true false false true true true true false false false false false false false false false false false false false false false false false false true true false false false false false false false false false false true 21 0 true 158 true false false false false false false false false false false false false X 9 9 false true false false false false false true true false false true true true true true true true false false NY X X ROBIN REDMOND CO FDC 7188593800 1616 NEWKIRK AVENUE BROOKLYN NY 11226 ROBIN REDMOND EXECUTIVE DIRECTOR 040.00 X 125000 0 33217 GUADALUPE RAMSEY ECONOMIC DEVELOPMENT SPECIALIST 040.00 X 102231 0 328 SALVATORE LENTINI PRESIDENT 002.50 X X 0 0 0 TOM ROUSAKIS - RESIGNED 32224 VICE PRESIDENT 001.50 X X 0 0 0 JAVIER SAEZ SECRETARY 001.50 X X 0 0 0 EDUARDO CROSA VICE PRESIDENT 001.00 X X 0 0 0 ERIC ZIMILES TREASURER 001.00 X X 0 0 0 SANDRA HARRIS BOARD MEMBER 000.50 X 0 0 0 LOIS JACKSON BOARD MEMBER 000.50 X 0 0 0 EMILY SHAW BOARD MEMBER 000.50 X 0 0 0 JOEL STICKNEY BOARD MEMBER 000.50 X 0 0 0 JOPHRANE LIGONDE BOARD MEMBER 000.50 X 0 0 0 227231 33545 2 false false false NCHENG LLP 40 WALL STREET SUITE 3222 NY NY 10005 FISCAL MANAGEMENT 237720 1 8853 4148448 815964 4973265 12889 12889 8853 OTHER INCOME 19700 19700 19700 5005854 19700 12889 0 0 0 0 124994 84371 28124 12499 0 2642514 2566584 70638 5292 0 194053 185880 6925 1248 262330 251282 9362 1686 265575 265575 0 34082 34082 0 0 234670 130420 98914 5336 31019 31019 335121 313236 21628 257 99915 98232 1426 257 0 73252 67975 4908 369 16866 16866 0 0 26316 26316 0 42067 40296 1501 270 33466 32057 1194 215 STAFF DEVELOPMENT AND TRAINING 5478 5478 OTHER PROGRAM EXPENSES 473714 465589 8125 FEES, DUES AND SUBSCRIPTIONS 16592 2450 14142 AMORTIZATION INTEREST EXP - ROU LEASE 5000 4292 679 29 10506 10506 4927530 4296027 604045 27458 85140 254599 100000 240000 275 2001 41016 60537 308935 244919 78380 64016 2073190 2267254 2378001 2888407 408855 701796 148219 275000 461728 474088 1018802 1450884 X 1057938 973829 301261 463694 1359199 1437523 2378001 2888407 78324 X false true X true false X 3574882 3993326 3907106 4608243 4973265 21056822 3574882 3993326 3907106 4608243 4973265 21056822 172992 20883830 12889 12889 335 2255 8423 19700 30713 21100424 4001 0.98970 0.99940 X Part II Section B Line 10 - OTHER INCOME IS USED TO SUPPORT THE ORGANIZATIONS TAX EXEMPT ACTIVITIES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 26591 26591 185348 149416 35932 96996 68912 28084 64016 Financial derivatives and other financial products Closely-held equity interests Due from governmental agencies 2057364 Security deposits 5940 Right of use lease asset - Finance Lease, net 14066 Right of use lease asset - Operating Lease, net 189884 2267254 Federal income taxes Advance from governmental agencies 265860 Agency funds payable Lease obligations - Finance Lease 14491 Lease obligations - Operating Lease 193737 474088 X 5005854 5005854 5005854 4927530 4927530 4927530 X 2 - FDC ADOPTED FASB GUIDANCE ON UNCERTAIN INCOME TAX POSITIONS IN ITS FINANCIAL STATEMENTS. FDC RECOGNIZES THE EFFECT OF TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT IS NOT AWARE OF ANY VIOLATION OF ITS TAX STATUS AS AN ORGANIZATION EXEMPT FROM INCOME TAXES. ANTHONY TOZZA OWNER OF SPOUSE OF ROBIN 39549 INFO. TECH SERVICES false ROCKAWAY COMPUTERS REDMOND, EXEC. DIR. BELOW MARKET RATE false Form 990, Part III, Line 4d Program Service Expenses 113,270, Grants and allocations 0, Revenue 0 COMMUNITY DEVELOPMENT DURING THE COVID PANDEMIC, FDC HAD PROVIDED MEALS TO OVER 10,000 FAMILIES THROUGH FUNDRAISING AND SMALL GRANTS. THE EXECUTIVE DIRECTOR MEETS WITH THE NEIGHBORHOOD ASSOCIATION PRESIDENTS A FEW TIMES A YEAR TO DISCUSS COMMUNITY-WIDE ISSUES AND WORK TOWARDS BRINGING IN AGENCIES THAT CAN HELP. Form 990, Part VI, Section A, Line 3 NCHENG, LLP PROVIDES FISCAL MANAGEMENT SERVICES. Form 990, Part VI, Section B, Line 11b FORM 990 IS REVIEWED PRIOR TO FILING BY THE FINANCE COMMITTEE. COPIES OF FORM 990 ARE MADE AVAILABLE TO ALL BOARD MEMBERS. Form 990, Part VI, Section B, Line 12c THE BOARD OF DIRECTORS IS REQUIRED TO COMPLETE A QUESTIONNAIRE TO DISCLOSE ANY CONFLICTS OF INTEREST IN SITUATIONS WHERE IT IS DETERMINED THAT A BOARD MEMBER HAS A CONFLICT OF INTEREST. THE BOARD MEMBER DOES NOT PARTICIPATE IN VOTES OR OTHER DECISION MAKING DISCUSSIONS RELATED TO THE CONFLICT. Form 990, Part VI, Section B, Line 15a THE BOARD OF DIRECTORS DETERMINES THE SALARY OF THE EXECUTIVE DIRECTOR TAKING INTO CONSIDERATION COMPARISONS OF OTHER NON-PROFITS SIMILARLY SIZED WHO OFFER SIMILAR SERVICES. THE DECISION PERTAINING TO THE SALARY IS DOCUMENTED IN BOARD MINUTES. Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.