Top Development Corporation
- Assets
- $2.9m
- Revenue
- $31.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 05/1999
- Data as of
- 12/2021
- EIN
- 11-3409359
Organization Overview
Top Development Corporation is located in Brooklyn, NY. The organization was established in 1999. According to its NTEE Classification (K30) the organization is classified as: Food Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Top Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Top Development Corporation generated $31.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (25.5%) each year. All expenses for the organization totaled $155.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
(TCDC) WORKS WITHIN THE COMMUNITY OF EAST FLATBUSH TO GRANT SERVICES, IMPLEMENT PROGRAMS AND PROVIDE RESOURCES THAT WILL UPLIFT, EMPOWER MOTIVATE AND EQUIP INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE WORKSHOPS, SEMINARS AND ONE-ON-ONE COUNSELING FOR DOMESTIC VIOLENCE VICTIMS AND FAMILIES SEEKING ASSISTANCE TO HELP DOMESTIC VIOLENCE VICTIMS WITHIN THEIR COMMUNITIES.
TCDC HAS CONTINUED TO ADD UNIQUE SERVICES WITHIN THE EAST FLATBUSH COMMUNITY. AS AN EXTENSION OF WORKING WITH SURVIVORS OF DOMESTIC VIOLENCE, TCDC HAS CONTINUED TO PROVIDE SAFE SPACES FOR MEMBERS TO RE-ENGAGE IN LIFE IN A HEALTHY MANNER VIA EXCERCISE, DANCE AND UPLIFTING ACTIVITIES. THIS ALLOWS VICTIMS TO BE ABLE TO SPREAD AWARENESS AND OPEN UP ABOUT THEIR SUCCESSES AND RECOVERY PROCESS. TCDC HAS CONTINUED TO AVERAGE 30 INDIVIDUALS PER SESSION BEING OFFERED 4 TIMES A YEAR IN 8 WEEK INTERVALS. SESSIONS ARE OFFERED FREE TO THE COMMUNITY.
TCDC OFFERS A TUTORING PROGRAM FOR CHILDREN WITHIN THE EAST FLATBUSH COMMUNITY. AFTER SCHOOL, CHILDREN ARE PROVIDED A SAFE SPACE TO TAKES THEIR STUDIES TO THE NEXT LEVEL BY HAVING A TUTOR AVAILABLE TO THEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Grant Executive Director | OfficerTrustee | 30 | $7,500 |
Julia Shoy-Clarke Board Treasurer | OfficerTrustee | 30 | $0 |
Eric D Garnes Chairman Of The Board Of Directors | Trustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,871 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,871 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,444 |
| Net Gain/Loss on Asset Sales | -$22,681 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,134 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $81 |
| Office expenses | $7,508 |
| Information technology | $249 |
| Royalties | $0 |
| Occupancy | $5,868 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $92,519 |
| Insurance | $0 |
| All other expenses | $36,966 |
| Total functional expenses | $155,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,118 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,941,044 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,946,162 |
| Accounts payable and accrued expenses | $16,800 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $109,200 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $940,723 |
| Total liabilities | $1,066,723 |
| Net assets without donor restrictions | $1,879,439 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,946,162 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Community Services Inc Jamaica, NY | $16,204,658 | $61,833,370 |
Table To Table Inc Hasbrouck Heights, NJ | $8,623,118 | $52,420,160 |
Foodlink Inc Rochester, NY | $12,495,538 | $50,797,539 |
Rethink Food Nyc Inc New York, NY | $24,716,191 | $29,334,574 |
412 Food Rescue Inc Pittsburgh, PA | $6,363,221 | $17,851,896 |
Project Bread - The Walk For Hunger Inc East Boston, MA | $11,948,413 | $15,098,686 |
Tomche Shabbos Of Rockland County Monsey, NY | $3,190,088 | $8,439,711 |
Interfaith Nutrition Network Hempstead, NY | $10,559,882 | $10,681,917 |
Move For Hunger Inc Neptune, NJ | $1,899,350 | $7,237,054 |
St Johns Bread & Life Program Inc Brooklyn, NY | $8,308,596 | $7,077,565 |
T A S K Trenton, NJ | $14,881,769 | $6,763,613 |
Boston Area Gleaners Inc Acton, MA | $5,396,284 | $7,361,756 |