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CAMBA ECONOMIC DEVELOPMENT CORPORATION
BROOKLYN, NY · EIN 113546930 · Form 990 · FY2024 · NTEE S30 · Community Improvement · Small ($100K-$1M)
revenue
$216K
expenses
$200K
net assets
$41K
employees
0
volunteers
3
program ratio
67%
mission · from form 990

CAMBA ECONOMIC DEVELOPMENT CORPORATION (CAMBA EDC) IS AN ORGANIZATION WHICH PROVIDES LOANS AND SERVICES TO UNDER-SERVED BUSINESSES AND POTENTIAL ENTREPRENEURS IN THE BROOKLYN, NY COMMUNITY.

profile · synthesized from sources

CAMBA ECONOMIC DEVELOPMENT CORPORATION (CAMBA EDC) provides loans and business services to underserved entrepreneurs and small businesses in Brooklyn, NY. The organization focuses on economic development within the local community, supporting individuals who may lack access to traditional financial resources. It operates as a subsidiary or affiliate of CAMBA, Inc., a larger community-based nonprofit.

named programs · 2 · from sources

What they call their work

Business Lending Program
Provides microloans and financial services to underserved entrepreneurs and small businesses in Brooklyn
Entrepreneurial Support Services
Offers technical assistance, training, and advisory services to help potential entrepreneurs launch and grow businesses
activities · 1 group

What they do

  • Local Business Financing and Incentives 1 activity
    • Providing financial and technical support to underserved businesses and entrepreneurs
      Offers loans and services to support under-served businesses and potential entrepreneurs in Brooklyn, NY.
financials · form 990 · fy2024
revenue
Total revenue$216K
Contributions & grants$203K94%
Program service revenue$6K3%
Investment income$00%
Other revenue$7K
expenses
Total expenses$200K
Program expenses67%
Admin / overhead33%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$267K
Cash$57K
Investments$73K
Liabilities$226K
Net assets$41K
Liquid reserves7.8 mo
6 years on record · 2019–2024 · YoY revenue +58.1%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 3
NameTitleHours/wkCompensation
JOANNE OPLUSTIL FORMER PRESIDENT/CEO 0 $2.18M
VALERIE BARTON-RICHARDSON PRESIDENT/CEO 1 $543K
JASON BOUCHARD CFO 1 $385K
board members · 3
  • CHRISTOPHER ZARRA — PRESIDENT
  • HENRY BRIANCE — MEMBER
  • KATHERINE O'NEILL — SECRETARY
strategies · 1

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.

  • Economic Development through Entrepreneur Support
    methodology: economic_development_services
    By providing financial and support services to underserved businesses and aspiring entrepreneurs, we promote sustainable economic development in Brooklyn because access to capital and business resources enables community-driven growth and self-sufficiency.