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MANGROVE COMMUNITY WEALTH INC

NEW YORK, NY · EIN 874373793 · Form 990 · FY2023 · NTEE S20 · Community Improvement · Small ($100K-$1M) · flatbushcentral.com
revenue
$704K
expenses
$449K
net assets
$110K
employees
0
program ratio
85%
mission · from form 990

FOSTER PROSPERITY THROUGH NEIGHBORHOOD AND COMMUNITY WEALTH BUILDING.

profile · synthesized from sources

Mangrove Community Wealth Inc. fosters community wealth-building in low- and moderate-income areas through incubator spaces, technical assistance, and educational programs. Its first center, Mangrove FC at Flatbush Central in Brooklyn, supports BIPOC entrepreneurs, artists, and food producers with access to shared kitchens, business training, and cultural programming. The organization operates at the intersection of economic development, cultural preservation, and community investment.

named programs · 5 · from sources

What they call their work

Bodega Bootcamp
Crash course for retailers and community stakeholders on developing sustainable grocery business models focused on healthy perishable foods.
CIV Design Workshop & Game
Interactive game and workshop teaching principles of investment and social impact financing.
Community Business Academy (CBA)
12-week hands-on training program in business planning and management for current and aspiring entrepreneurs.
Flatbush Central Marketplace (FCM)
Center of Excellence integrating a Caribbean marketplace, food hall, and business incubator to support local entrepreneurs and cultural preservation.
Mangrove Shared Kitchen
1200 sq ft commercial kitchen with seven workstations offering flexible hourly booking for food entrepreneurs.
activities · 5 groups

What they do

  • Shared Kitchen Incubator for Food Entrepreneurs 2 activities
    • Operate shared commercial kitchen facility for food entrepreneurs
      Operates a 1,200 square foot shared commercial kitchen with seven workstations for hot and cold food production, available for flexible hourly booking. Provides delivery and loading access, dry and cold storage, and electrical equipment (for additional fees) to support food entrepreneurs in developing and growing their businesses.
    • Provide affordable vendor and organizational space with technical support
      Provides affordable space and technical assistance to vendors, food entrepreneurs, and community organizations as part of a community wealth-building initiative.
  • Small Business Technical Assistance 1 activity
    • Deliver business development programs for local entrepreneurs
      Offers a 12-week course providing hands-on training in business planning and management, along with ongoing technical assistance and capital connections. Provided 1,637 hours of technical assistance and supported 131 entrepreneurs through training and subsidized access programs, with subsidized rates available for residents in zip code 11226 and NYCHA residents.
  • Donated Attire Distribution 1 activity
    • Offer custom clothing and tailoring services
      Provides formal and semi-formal clothing and tailoring services for women, men, and children, including custom fits, hemming, dress and suit alterations, and tapering.
  • Local Food Market Operation 1 activity
    • Operate Caribbean marketplace and food hall
      Operates a Caribbean marketplace six days per week and a food hall seven days per week, featuring handmade and Caribbean-sourced products and healthy, Caribbean-flavored meals prepared by local food entrepreneurs. The marketplace includes independent vendors selling fashion, jewelry, home goods, natural remedies, and spices.
  • Community Space Provision 1 activity
    • Provide multi-use event and program spaces
      Provides event space including a test kitchen, lounge, and design studio available for booking by entrepreneurs and community members for pop-ups, dinners, workshops, product launches, talks, gatherings, performances, and lectures. The lounge is located at the corner of Flatbush and Caton Avenues, and the design studio is equipped with a projector, screen, work benches, and rentable design tools.
financials · form 990 · fy2023
revenue
Total revenue$704K
Contributions & grants$597K85%
Program service revenue$97K14%
Investment income$3K0%
Other revenue$6K
expenses
Total expenses$449K
Program expenses85%
Admin / overhead9%
Fundraising6%
Salaries & benefits$0
Grants paid out$1K
Largest expense lineProfessional Fees
balance sheet
Total assets$224K
Cash$224K
Investments$0
Liabilities$114K
Net assets$110K
Liquid reserves6.0 mo
1 years on record · 2023–2023
leadership · form 990 part vii · fy2023

Who runs it

board members · 3
  • JAMES JOHNSON-PIETT — PRESIDENT
  • JUAN PEREZ — TREASURER
  • SYLVIE GALLIER HOWARD — SECRETARY
relationships · 6

Who they work with

  • Flatbush Central Partner — Co-branded event space and operational partnership for hosting gatherings and supporting local entrepreneurs.
  • Flatbush Central Partner — Hosts the Mangrove Shared Kitchen on its website and platform, indicating a collaborative partnership in supporting food entrepreneurs.
  • Mangrove Community Wealth Inc Partner — Co-located partner operating the Flatbush Central marketplace and food hall in Brooklyn, NY.
  • Mangrove FC Partner — Collaborates with Mangrove FC as part of the Flatbush Central initiative.
  • Urbane Partner — Partnership to deliver Bodega Bootcamp, a program supporting sustainable grocery business models.
  • Urbane Development Partner — Jointly managed the redevelopment and transition of Flatbush Central with Mangrove Community Wealth.
strategies · 3

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Community-Centered Incubation for Economic Empowerment
    methodology: community-incubator_model
    By integrating commercial kitchen access, business education, and technical support within a culturally rooted community hub, we enable food entrepreneurs from underserved backgrounds to launch and scale businesses, because shared infrastructure and place-based support reduce systemic barriers to entry and foster intergenerational wealth building.
  • Integrated Business Support for Emerging Entrepreneurs
    methodology: integrated-business-support
    By combining business education, technical assistance, and access to capital in a structured format, we increase the sustainability of small and emerging businesses, because holistic support addresses multiple constraints faced by entrepreneurs in low-resource communities.
  • Place-Based Community Wealth Building
    methodology: community-wealth-building
    By developing culturally meaningful programs and shared economic infrastructure in low- and moderate-income communities, we generate local economic opportunities and promote community wealth, because place-specific, inclusive models strengthen collective prosperity and cultural preservation.