irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $1.04MHOUSING DEVELOPMENT
- #2 $542KBSDC'S ECONOMIC DEVELOPMENT PROGRAM HAS FOUR OBJECTIVES: A) TO PROVIDE TECHNICAL AND PLANNING ASSISTANCE TO SMALL BUSINESS STARTUPS B)DEVELOP COMMERCIAL SPACE FOR BUSINESS C) IMPLEMENT NEIGHBORHOOD RETAIL INITIATIVES TO ATTRACT AND RETAIN BUSINESSES AND JOBS D) OFFER EMPOWERING FINANCIAL LITERACY PROGRAMS AND BUSINESS PLANNING COURSES, AS WELL AS FIRST-TIME HOMEBUYER WORKSHOPS.
named programs · 5 · from sources
What they call their work
Affordable Housing & Real Estate Development
Develops and rehabilitates affordable housing units, including through NYC’s Neighborhood Homes Program and large-scale projects like Kings Covenant and Joshua Court, providing homeownership opportunities below market value.
Community Engagement
Organizes block and resident associations, tenant support services, and community events to strengthen neighborhood cohesion and civic participation.
Economic Development & Financial Empowerment
Provides technical assistance to small businesses, financial literacy courses, first-time homebuyer workshops, and supports merchant associations in Central Brooklyn.
Quincy Senior Residences
Operates an affordable independent living facility for seniors with on-site supportive services, including meals, health aides, and social activities.
Youth & Workforce Development
Runs internship programs and workforce training, including the Project Restore Bed-Stuy initiative for young men involved in street formations, offering mentorship, education, and paid employment.
activities · 8 groups
What they do
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Affordable Housing Development and Management 2 activities
- Develop and preserve affordable housing unitsDevelops, rehabilitates, and preserves affordable housing for low- to moderate-income families in Central Brooklyn. Since 1995, the organization has developed and upgraded over 600 units, including through NYC’s Neighborhood Homes Program and large-scale rehabilitations such as the 74-unit Kings Covenant and 52-unit Joshua Court buildings.
- Provide housing access and tenant support servicesOffers case management, outreach, education, and application assistance for rental assistance programs including Section 8, SCRIE, DRIE, and Housing Connect to help low- to moderate-income individuals and families access affordable housing.
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First-Time Homebuyer Support Services 1 activity
- Advance financial empowerment and homebuyer educationDelivers financial literacy workshops, first-time homebuyer education, and financial resilience tools to individuals and families in Central Brooklyn as part of broader economic development and financial empowerment initiatives.
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Refugee and Immigrant Resettlement Services 1 activity
- Deliver services to migrants and asylum seekersProvides comprehensive support services including case management, referrals, outreach, and education to approximately 2,000 migrants and asylum seekers through a one-stop-shop model.
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Gun Violence Prevention & Intervention 1 activity
- Deliver youth workforce and leadership development programsOffers youth development initiatives including MYBASE, an eight-month afterschool program for youth aged 14–18 focused on civic engagement and leadership, and Project Restore Bedstuy, a yearlong restorative justice program providing mentorship, trauma-informed support, and paid internships for young men involved in street formations.
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Immigrant Rights Advocacy & Policy Reform 1 activity
- Lead community organizing and advocacy for social justiceConducts community organizing, advocacy, and policy change efforts focused on social justice, racial equity, and the needs of vulnerable populations, including migrant and asylum-seeking communities from Central America, South America, Africa, and Asia.
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Low-Income Senior Housing Operations 1 activity
- Provide senior housing and support servicesOperates Quincy Senior Residences, an affordable independent living facility for low- and moderate-income seniors since 2006, offering holistic support including on-site services such as meal delivery, health aides, Medicare assistance, and wellness programming.
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Community Capacity Building & Leadership Networks 1 activity
- Strengthen resident and merchant associationsOrganizes and supports coalitions of block, tenant, and merchant associations across Central Brooklyn, including engaging over 70 member associations in the Bed-Stuy Works Alliance and supporting six merchant associations to strengthen community voice and economic resilience.
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Local Business Financing and Incentives 1 activity
- Support small and minority-owned businessesProvides technical and financial assistance, below-market-rate commercial rental space, and grants to minority- and women-owned, small, and start-up businesses in Central Brooklyn. Distributed nearly $100,000 in grants to businesses in Bedford Stuyvesant.
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financials · form 990 · fy2024
revenue
Total revenue$3.31M
Contributions & grants$2.32M70%
Program service revenue$990K30%
Investment income$2300%
Other revenue$142
expenses
Total expenses$3.59M
Program expenses85%
Admin / overhead9%
Fundraising6%
Salaries & benefits$2.33M
Grants paid out$66K
Largest expense lineCompensation
balance sheet
Total assets$2.15M
Cash$124K
Investments$1K
Liabilities$659K
Net assets$1.49M
Liquid reserves0.4 mo
3 years on record · 2020–2024 · YoY revenue -27.0%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 1
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| GREGORY ANDERSON | PRESIDENT AND CEO | 40 | $234K |
board members · 14
- ABITZEL ROBINSON-HOBSON — TREASURER
- BONNY O WILLIAMS — MEMBER
- DREXEL HARRIS — MEMBER
- EDWARD ODOM JR — CHAIRMAN
- FITZGERALD MILLER — MEMBER
- JANEL SHERVINGTON — MEMBER
- JOAN BARTOLOMEO — MEMBER
- NILES D STEWART — MEMBER
- OMAR WASHINGTON — MEMBER
- PHYLLIS WHITE-THORNE — VICE CHAIR
- REV DAVID B COUSIN SR — MEMBER
- SHIMONAH ISRAEL — MEMBER
- TAMARA CHARLES — MEMBER
- VALERIE KENDRICK-COUSIN — SECRETARY
relationships · 16
Who they work with
- Bridge Street AME Church Partner — Founding partner; Bridge Street Development Corporation was established by leaders of Bridge Street AME Church, a historically significant African American congregation in Central Brooklyn.
- Brooklyn Chamber of Commerce Partner — Collaborates to facilitate business workshops for small businesses in Central Brooklyn.
- Brooklyn Youth Offshore Wind Training Program Partner — Collaborates to expand youth workforce training with green job skills
- CUNY Green Jobs Energy Training Program Partner — Collaborates to expand youth workforce training with green job skills
- City stakeholders Partner — Collaborates with city stakeholders through Project Restore Bedstuy, a restorative justice initiative for young men in Bedford-Stuyvesant.
- Green City Force Partner — Partners to expand youth workforce training with green job skills
- Housing Connect Partner — Provides housing ambassador services in coordination with Housing Connect.
- JOE NYC Partner — Collaborates with JOE NYC on large-scale affordable housing projects to enhance development capacity.
- LISC NYC Partner — Partnered to provide disaster relief grants to minority- and women-owned businesses in Bedford Stuyvesant.
- NY Business Solution Center Partner — Collaborates to facilitate business workshops for small businesses in Central Brooklyn.
- NYC Housing Preservation & Development Partner — Partners through the Housing Ambassador Program to assist with affordable housing applications.
- NYSERDA Partner — Partners through the Green Jobs-Green New York program to expand youth workforce training with green job skills
- National Grid Partner — Collaborated on the production of “A Love Letter to Brooklyn” video to highlight community appreciation and engagement.
- Solar One Partner — Collaborates to expand youth workforce training with green job skills
- community partners Partner — Collaborates with community partners to develop programs.
- sponsors Partner — Develops programs in collaboration with sponsors.
strategies · 4
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 Land Reuse for Equitable Homeownershipmethodology: community_land_reuseBy rehabilitating publicly owned vacant properties and selling them at below-market rates to low- and moderate-income residents, the organization increases homeownership and improves neighborhood conditions because it removes structural barriers to wealth-building and stabilizes disinvested communities.
- Community-Centered Asset Developmentmethodology: community_asset_based_developmentBy identifying and strengthening existing local assets—including residents, businesses, and organizations—and centering community engagement in all activities, the organization builds community power and ensures programs reflect local needs, leading to more sustainable and equitable development because change is driven from within rather than imposed externally.
- Integrated Equity-Centered Programmingmethodology: integrated_equity_frameworkBy integrating financial empowerment, social justice, and racial equity into all programs and services—whether for youth, migrants, or small businesses—the organization advances systemic change because equity is treated not as an add-on but as a foundational driver of community development.
- Restorative Justice and Trauma-Informed Reintegrationmethodology: restorative_justiceBy using restorative justice practices and trauma-informed programming, the organization helps young men heal from personal trauma while taking accountability for harm, leading to successful community reintegration because it addresses both individual and relational healing.