CAMBA ECONOMIC DEVELOPMENT CORPORATION

BROOKLYN, NY | Kings County
Economic Development
CAMBA ECONOMIC DEVELOPMENT CORPORATION
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As of , this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification:

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
New Market Tax Credit Recipient info
YearAmountProgramAwardee Name
2019 $125,000 CDFI Technical Assistance open_in_new CAMBA Economic Development Corporation
2022 $125,000 CDFI Technical Assistance open_in_new CAMBA Economic Development Corporation

Includes CDFI Fund awards granted between January 2013 and December 2023

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
$135.8K
Revenue
$135.8K
Assets
$245.8K

IRS Business Master File Details info

As of March 2024
Exempt Ruling Date info
2003-11
Deductibility Status info
Deductible
Last Tax Filing info
2022
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
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)

IRS Publication 78 Details info

As of March 2024
Verified in Publication 78 info
Yes
Deductibility Limitation info
50% (60% for cash contributions)
Organization Description info
A public charity

IRS Form 990 Returns info

Through August 2023
Tax period ending in
2022-06
E-File
990
XML
990
Tax period ending in
2021-06
E-File
990
XML
990
Tax period ending in
2020-06
PDF
990
E-File
990
XML
990
Tax period ending in
2019-06
PDF
990
E-File
990
XML
990
Tax period ending in
2018-06
E-File
990
XML
990
Tax period ending in
2017-06
PDF
990
E-File
990
XML
990
Tax period ending in
2016-06
E-File
990
XML
990

Nonprofit Location

Physical Address info
1720 CHURCH AVE
BROOKLYN, NY 11226
Kings County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
35614
MSA/MD info
36
State info
047
County info
0512.00
Tract info
Moderate
Income Level info
Core-Based Statistical Area info
35620 - New York-Newark-Jersey City, NY-NJ-PA
Combined Statistical Area info
408 - New York-Newark, NY-NJ-CT-PA
Metropolitan Division info
35614 - New York-Jersey City-White Plains, NY-NJ
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 84.93%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
0512.00 Kings County
Population
Total Population 5,946 2,679,620
Total Households 2,308 997,957
Income
Median Family Income (Census*) $62,578 $74,692
Median Family Income (2023 FFIEC est.) $99,300 $99,300
Tract Income Percentage 73.2% N/A
Below Poverty Level 16.4% 19.0%
Unemployment Level 8.5% 7.3%
Housing
Total Housing Units 2,431 1,079,551
Total Owner-Occupied Units 6.8% 30.3%
Total Renter-Occupied Units 88.1% 69.7%
Total Vacant Units 5.1% 4.4%
* Census tract income based on 2020 American Community Survey data as reported in the 2023 FFIEC Census Flat File; County income based on 2022 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

4
Total Voting Members
in Governing Body info
3
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
Joanne M Oplustil
(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 Whistleblower 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
Organization Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Information in this section is extracted from the nonprofit's e-filed tax return and based on answers provided by the nonprofit in their 990 e-filed for the tax period ending on 2022-06.

A hyphen (“-“) in this section indicates that the information was not required by the IRS or not reported by the nonprofit in its tax return e-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 help.findcra.com.