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New York BBB Wise Giving Report for
Cypress Hills Local Development Corporation

A BBB Accredited charity


  • Meets all standards

Expiration Date:
Cypress Hills Local Development Corporation
625 Jamaica Avenue
Brooklyn, NY 11208
Year, State Incorporated:
1983, New York
Stated Purpose:
" With community residents leading the way, the mission of CHLDC is to build a strong, sustainable Cypress Hills/East New York, where youth and adults achieve educational and economic success, secure affordable housing and develop leadership skills to transform their lives and community. "

Evaluation Conclusions

Cypress Hills Local Development Corporation meets the 20 Standards for Charity Accountability.


Cypress Hills Local Development Corporation (CHLDC) is a 30-year-old community development corporation, serving the community of Cypress Hills, Brooklyn, a low-to-moderate income neighborhood with a large immigrant population. Local residents and merchants founded CHLDC in 1983 to improve their community. Today, we serve over 8,000 local residents each year through a wide array of programs. We developed 400 affordable housing units, helped to found two alternative public schools, and built Brooklyn's first "green" school and a child care center. We supported parent organizing efforts which convinced the city to build a new school building, and reduce school overcrowding. Our commercial revitalization efforts dramatically reduced storefront vacancies. CHLDC develops affordable housing, educates and counsels first-time homebuyers and organizes tenant associations. We help parent and teen groups to mobilize and improve local public schools. CHLDC offers recreational, educational, and vocational services for youth, adult education, family counseling, and college counseling. Our subsidiary, the Cypress Hills Child Care Corporation, runs a family day care network, an In-Home Head Start program, and a day care center. Together, our programs strengthen the area's physical and economic infrastructure, provide quality services, and foster local leaders.


Chief Executive Officer:
Ms. Michelle D. Neugebauer, Executive Director
Chair of the Board:
Mr. Harold Green
Board Size:
Paid Staff Size:

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Fund Raising

Method(s) Used:

Direct mail appeals, invitations to fund raising events, grant proposals
Fund raising costs were 2.4% of related contributions. (Related contributions, which totaled $7,682,287, are donations received as a result of fund raising activities.)

Tax Status

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.


The following information is based on Cypress Hills Local Development Corporation's Audited Financial Statements for the fiscal year ended June 30, 2012.

Source of Funds  

Government grants




Management and development fees


Sublease rental revenue


Miscellaneous income


Interest income


Net assets released from restrictions

Total Income


Program Expenses  

Youth and human services


Housing development and counseling


Economic development and community organizing

Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Income in Excess of Expenses




Uses of Funds as a % of Total Expenses

Programs: 87%  Fund Raising: 2%  Administrative 11% 
Roll the cursor over the pie chart to see the dollar amounts.

Beginning net assets $2,291,889
Ending net assets 2,332,797
Total liabilities 717,091

Total assets



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