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Cypress Hills Local Development Corporation

Brooklyn, NY · EIN 11-2683663 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Cypress Hills Local Development Corporation reported $33.1 million in revenue and $25.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $77.03 went to program services, $20.59 to management and general costs and $2.38 to fundraising. Its largest source of revenue was contributions and grants: 92.8% of the total. Government grants made up 54.2%. The highest compensation it reported for one person was $238,363 (EXECUTIVE DIRECTOR). 9 people received more than $100,000 in reportable compensation. Revenue rose 122% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $25M

For context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $33M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 479 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
77.0%89.1%
Management & general
Part IX 25(C) ÷ 25(A)
20.6%9.2%
Fundraising
Part IX 25(D) ÷ 25(A)
2.4%0.2%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.02$0.00
Contributions & grants share of revenue
Part VIII 1h ÷ 12
92.8%80.1%
Government grants share of revenue
Part VIII 1e ÷ 12
54.2%14.9%
Program service revenue share
Part VIII 2g ÷ 12
4.4%11.9%
Highest reported compensation
Part VII-A, columns D–F
$238,363$291,103
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.94%1.49%
People paid over $100,000
Part VII, line 2
95
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
13.29.2
Independent voting board members
Part VI 1a–1b
19 of 19100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$9.8M expenses · 50.5% of program spending · grants $106K · revenue $1.5M

Youth and human services the Cypress Hills Local Development corporation (chldc) served 6,751 young people children in high quality, comprehensive afterschool and summer camp programming, college success and persistence services, our beacon school-based community centers and our middle school student success center in FY25. In our afterschool programs we engaged young people in nutritious meals, field trips, homework help, evidence-based literacy building programming, arts and cultural activities, recreation and sports and community service. Our organization has implemented several strategies…

$4.5M expenses · 23.1% of program spending · grants $200K

Career & education, small business support and community organizing - chldc served 1,378 residents and small businesses through our career & education programs in FY25 which includes the summer youth employment program and sector specific job training programs, in high growth employment sectors: transportation, it, and construction skills. Last year, 196 workforce development program participants gained an industry recognized credential and 159 secured employment at an average wage of $21 an hour. Chldc also provided organizing support to the Cypress Hills business partners merchants…

$2.6M expenses · 13.3% of program spending

Community development, housing counseling & advocacy and community center our beautiful and spacious new community center enables US to grow our workforce development, college success, small business services and public benefits enrollment work in east new york. We were able to offer sports and recreation classes for 871 young people and adults and sustain a silver saturdays program for 50 older adults providing computer classes, recreation and a nutritious meal. Chldc made progress on a robust pipeline of affordable housing development and preservation projects, which are in the…

$2.5M all other programs (line 4d)

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
EXECUTIVE DIRECTOR
Officer, 35.00 hrs/week
$205,469$0$32,894$238,363
DEPUTY DIRECTOR
Highest compensated employee, 35.00 hrs/week
$197,189$0$32,257$229,446
CHIEF FINANCIAL OFFICER
Officer, 35.00 hrs/week
$179,473$0$8,218$187,691
DIVISION DIRECTOR OF YFS
Highest compensated employee, 35.00 hrs/week
$134,692$0$26,945$161,637
DIRECTOR - CEP CAREER AND ED PROGRAM
Highest compensated employee, 35.00 hrs/week
$121,811$0$29,307$151,118
CHIEF HR OFFICER/DIR. OF FACILITIES
Highest compensated employee, 35.00 hrs/week
$117,097$0$30,662$147,759
DIR. OF COMMUNITY DEV./PROJECT MGR.
Highest compensated employee, 35.00 hrs/week
$134,486$0$12,677$147,163

9 people received more than $100,000 in reportable compensation from Cypress Hills Local Development Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $478K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40MFY2020FY2021FY2022FY2023FY2024FY2025$33M$25M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$33M$25M77.0%$28M$238,363
FY2024 (amended) ⓘ$29M$21M81.7%$20M$219,421
FY2023 (amended) ⓘ$19M$18M84.6%$11M$214,025
FY2022 ⓘ$19M$16M86.9%$11M$208,548
FY2021 (amended) ⓘ$16M$13M80.3%$7.8M$211,550
FY2020 ⓘ$15M$15M84.0%$4.4M$175,445

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b19 · 19 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2Yes
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5654
  • Volunteers Part I, line 619

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
COHNREZNICK LLP
Accounting services
$223,835
EDELMAN SULTAN KNOX WOOD ARCHITECTS LLP
Architectural services
$173,280

Individuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.

Private foundation grants it received

18 private foundations reported grants to Cypress Hills Local Development Corporation totaling $1.3M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Cypress Hills Local Development Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Cypress Hills Local Development Corporation, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All community improvement & capacity building charities · Largest charities in New York

Questions people ask

How much of Cypress Hills Local Development Corporation's spending goes to programs?

In the fiscal year ending June 30, 2025, Cypress Hills Local Development Corporation reported that 77.0% of its $25.2 million in expenses went to program services, 20.6% to management and general and 2.4% to fundraising (Form 990, Part IX).

How much does Cypress Hills Local Development Corporation pay its top executive?

The largest total compensation Cypress Hills Local Development Corporation reported for one person in the fiscal year ending June 30, 2025 was $238,363, for the role of EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Cypress Hills Local Development Corporation get its money?

Of $33.1 million in revenue in the fiscal year ending June 30, 2025, 92.8% came from contributions and grants (including 54.2% from government grants) and 4.4% from program service revenue (Form 990, Part VIII).

Is Cypress Hills Local Development Corporation a registered charity?

The IRS lists EIN 11-2683663 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631389349300228 · read the filing
  • FY2024: Form 990 for the fiscal year ending June 30, 2024 (amended), object 202522869349302072 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023 (amended), object 202402699349300010 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331339349300033 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021 (amended), object 202310759349300636 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121349349302047 · read the filing

All filings for EIN 11-2683663: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.