CAMBA ECONOMIC DEVELOPMENT CORPORATION

BROOKLYN, NY | Kings County
Economic Development

Overview

CAMBA ECONOMIC DEVELOPMENT CORPORATION
11-3546930
1720 CHURCH AVE
BROOKLYN, NY 11226
Kings County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Economic Development
Nonprofit location info
  • LMI Census Tract
  • Majority Minority Census Tract
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
  • LIHTC Recipient
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
S30

S - Community Improvement, Capacity Building

Economic Development

Organizations whose primary purpose is to stimulate the economy, expand employment opportunities, encourage the establishment and growth of commerce and industry and otherwise enhance the economic development of the community.

IRS Activity Codes info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
813410
Civic and Social Organizations

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
10/25/2013
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
Most Recent CDFI Award info
2019
$125,000
CDFI Technical Assistance
2009
$600,000
CDFI Financial Assistance
2001
$200,000
CDFI Technical Assistance
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info
Most Recent LIHTC Project info
CAMBA

 
Brooklyn, NY
Amount info
$2,562,123
Project Year info
2013
Allocation Year info
2011
Total Units info
Not reported
Low-Income Units info
Not reported
Currently Monitored info
Not reported
Construction Type info
New Construction
Property Characteristics info
  • Qualified Census Tract
Special Programs & Financing info
  • Tax Exempt Bond
Targeted Population info
  • None reported

IRS Summary

Income
$147.7K
Revenue
$147.7K
Assets
$272K
Exempt Ruling Date info
2003-11
Deductibility Status info
Deductible
Last Tax Filing info
2020
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
NY
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)

Nonprofit Location

Physical Address info
1720 CHURCH AVE
BROOKLYN, NY 11226
Kings County
FIPS Geocoded Address info
35620
MSA/CBSA info
36
State info
047
County info
0512.00
Tract info
Moderate
Income Level info
Core-Based Statistical Area info
New York-Newark-Jersey City, NY-NJ-PA
Combined Statistical Area info
New York-Newark, NY-NJ-CT-PA
Metropolitan Division info
New York-Jersey City-White Plains, NY-NJ
Area Type info
Metropolitan Statistical Area
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 90.53%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
0512.00 Kings County
Population
Total Population 6,103 2,589,974
Total Households 2,437 958,567
Income
Median Family Income (Census*) $53,661 $60,231
Median Family Income (2019 FFIEC) $79,300 N/A
Tract Income Percentage 79.42% N/A
Below Poverty Level 19.7% 20%
Unemployment Level 9.2% 6.2%
Housing
Total Housing Units 2,540 1,044,493
Total Owner-Occupied Units 4.8% 30.1%
Total Renter-Occupied Units 91.1% 69.9%
Total Vacant Units 4.1% 5%
* Census tract income based on 2019 Census estimated data; County income based on 2019 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

6
Total Voting Members
in Governing Body
info
5
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Joanne M Oplustil
President & CEO
(718) 287-2600
Principal Officer info
Joanne M Oplustil
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.