Bedford Stuyvesant Restoration Corporation
Bedford Stuyvesant Restoration Corporation
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About this organization
Mission
To close the racial wealth gap in Central Brooklyn's lower income neighborhoods through an economic mobility platform designed to help people become financially literate and independent
About
The nation's first community development corporation, Bedford Stuyvesant Restoration Corporation was founded in 1967 through unprecedented community activism and the bipartisan support of senators Jacob Javits and Robert F. Kennedy. Now, half a century later, its mission is to relentlessly pursue strategies to close gaps in family and community wealth to ensure all families in Central Brooklyn are prosperous and healthy. With a vision of a flourishing Brooklyn community consisting of strong families, businesses, and institutions and anchored in a culture of equity and inclusion, Restoration drives strategies that encourage asset creation, upward mobility, and self-sufficiency.
Interesting data from their 2019 990 filing
In the filing, the mission of the non-profit is noted as “The nation's first community development organization, partners with community residents, leaders and businesses to improve the quality of life of central brooklyn by fostering economic self suffiency, enhancing family stability and growth, promoting arts and culture and transforming the community into a safe, vibrant place to live, work and visit.”.
When referring to its responsibilities, they were outlined as: “See organization's mission on schedule o.”.
- The state in which the non-profit is legally registered to operate is NY, as per legal records.
- The filing documents the non-profit's address in 2019 as 1368 Fulton Street, Brooklyn, NY, 11216.
- According to the non-profit's form, they have 188 employees on their payroll as of 2019.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor advised fund.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$11,090.
- The CEO remuneration plan within the organization is subject to review and approval by an independent source.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 22 independent voting members.
- The organization has a professional fund raiser.
- The organization was formed in 1967.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule J.
- The organization is required to file Schedule O.
- The organization pays $6,817,174 in salary, compensation, and benefits to its employees.
- The organization pays $67,600 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization has fundraising events.
- The organization's financial statements were reviewed by an accountant.
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