FLUSHING WILLETS POINT CORONA LOCAL DEVELOPMENT CORPORATION Charity Report

Public IRS 990 nonprofit record

FLUSHING WILLETS POINT CORONA LOCAL DEVELOPMENT CORPORATION

EIN 20-8862980 · Economic Development (S30)

What they do

to CONDUCT OUTREACH and to FOCUS ON ECONOMIC INITIATIVES IN THE REDEVELOPMENT of WILLETS POINT, FLUSHING and CORONA.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $35.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2021The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders14 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

48.58%of revenue went to mission work35.9% of expenses · Program services

$135.43spent for every $100 of revenueSpending was higher than revenue this year.

86.85%of revenue went to management and office costs64.1% of expenses

33.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $67,404 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2021

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$190,266

Mission workProgram services$92,43248.58% of revenue35.9% of expenses

ManagementOffice and general costs$165,23886.85% of revenue64.1% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$257,670135.43% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2021CurrentExpense mix: 35.9% mission · 64.1% management · 0.0% fundraisingTotal expenses: 135.43% of revenue

2020Expense mix: 80.5% mission · 19.5% management · 0.0% fundraisingTotal expenses: 122.85% of revenue

2019Expense mix: 81.3% mission · 18.7% management · 0.0% fundraisingTotal expenses: 94.00% of revenue

2018Expense mix: 81.9% mission · 18.1% management · 0.0% fundraisingTotal expenses: 95.42% of revenue

2017Expense mix: 90.0% mission · 10.0% management · 0.0% fundraisingTotal expenses: 90.84% of revenue

2016Expense mix: 93.4% mission · 6.6% management · 0.0% fundraisingTotal expenses: 110.95% of revenue

Money in and money out

Revenue$190,266

Expenses$257,670

Annual shortfall $67,404 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$92,432 · 35.9% of expenses

Management and office costs$165,238 · 64.1% of expenses

See all reported dollar amounts

Revenue$190,266

Expenses$257,670

Income$207,521

Contributions$63,835

Mission work (program services)$92,432

Management and general$165,238

Accounting fees$5,000

People

Leadership and board

Tax year 2021

Names, titles, time, and compensation below are reported by the organization on its Form 990.

See everyone listed on the board or leadership roster (14)

DAVID BRICKMANBOARD MEMBER

DR MARGARET HONEYBOARD MEMBER

EILEEN AULDBOARD MEMBER

FRED FUBOARD MEMBER

HOWARD GRAFBOARD MEMBER

JOHN RACANELLICHAIRMAN

JOSEPH FICALORA2ND VICE-CHA

JOSEPH MATTONE SRBOARD MEMBER

MARK KUPFERBERGBOARD MEMBER

MARK SCHIENBERGSECRETARY

MICHAEL BINGOLDBOARD MEMBER

MICHAEL MEYERBOARD MEMBER

MYRA BAIRD HERCETREASURER

VINCENT L RISOBOARD MEMBER

About this charity

Location: 400 RXR PLAZA, UNIONDALE, NY 115563826
County: Nassau
In care of: JOHN RACANELLI
Primary officer: JOHN RACANELLI, CHAIRMAN

How to reach them

WebsiteVisit the charity’s website Phone(516) 336-2223

Filing and classification

Latest tax year: 2021
Tax period began: May 1, 2021
Return type: 990
Tax preparer: CULLEN & DANOWSKI LLP
NTEE classification: Economic Development (S30)
IRS tax category: Economic Development