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Filing year 2023

FLATBUSH DEVELOPMENT CORPORATION

Brooklyn, New York·EIN 51-0188251·NTEE S31Z · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$5M
Total assets
$2.9M
Total expenses
$4.9M
Reported officers
12
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.

Executive compensation

Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations in New York.

Executive Director
Median to 75th percentile
$158k
$178k
Economic Development Specialist
Highest Compensated Employee
10th to 25th percentile
$103k
$115k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 10 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at FLATBUSH DEVELOPMENT CORPORATION equaled 3% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2023)
3%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 16%
from 2022

From $136k in 2022 to $158k in 2023.

$136k
2022
$158k
2023
In today's dollarsEst.
Up 12% in real terms$159k to $178k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 16% from 2022 to 2023, while revenue rose 8%.

$136k in 2022 to $158k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about FLATBUSH DEVELOPMENT CORPORATION

What does the Chief Executive Officer of FLATBUSH DEVELOPMENT CORPORATION earn?

In 2023, the Chief Executive Officer of FLATBUSH DEVELOPMENT CORPORATION received $158,217 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in New York, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at FLATBUSH DEVELOPMENT CORPORATION compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations in New York, the 2023 pay of the Chief Executive Officer at FLATBUSH DEVELOPMENT CORPORATION falls between the median and the 75th percentile. In 2023, the highest total compensation at FLATBUSH DEVELOPMENT CORPORATION equaled 3% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are FLATBUSH DEVELOPMENT CORPORATION's revenue and expenses?

In 2023, FLATBUSH DEVELOPMENT CORPORATION reported $5M in total revenue and $4.9M in total expenses on its IRS Form 990.

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