FLATBUSH DEVELOPMENT CORPORATION

BROOKLYN, NY, 11226 (718) 859-3800 Est. 1975 EIN 51-0188251

S31Z - Community Improvement 990 - Public charity return 501(c)(3)

www.fdconline.org

Mission

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.

Financials

Total Revenue

$5,085,655

Total Expenses

$5,065,274

Net Assets

$1,457,904

150 employees 260 volunteers

From latest filing (tax period ending 2025-06-30)

Financial Health

Operating Reserve

3.5 months Adequate

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 1.6%

Expenses ↑ 2.8%

Revenue Sources

Contributions 100.0%

Expense Breakdown

Program 87.8% Management 11.9% Fundraising 0.3%

Officers & Key Employees (10)

Individual compensation is available on Grow plans.

Grants Received (66)

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Filing History (5 filings)

Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Jul 1, 2024 to Jun 30, 2025	$5,085,655 ↑	$5,065,274	$1,457,904
2022 990 - Public charity return Jul 1, 2022 to Jun 30, 2023	$4,616,666 ↑	$4,775,664	$1,359,199
2021 990 - Public charity return Jul 1, 2021 to Jun 30, 2022	$3,907,106 ↓	$3,982,167	$1,518,197
2020 990 - Public charity return Jul 1, 2020 to Jun 30, 2021	$3,995,581 ↑	$3,518,714	$1,593,258
2019 990 - Public charity return Jul 1, 2019 to Jun 30, 2020	$3,575,217	$3,483,660	$1,116,391