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FREEPORT COMMUNITY DEVELOPMENT INC

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Public IRS 990 nonprofit record

FREEPORT COMMUNITY DEVELOPMENT INC

EIN 82-1238754 · Low-Income & Subsidized Rental Housing (L21)

What they do

THE CORPORATION is FORMED for THE PURPOSE of CONDUCTING ACTIVITIES WHICH ARE EXCLUSIVELY CHARITABLE WITHIN THE MEANING of SECTION 501(C)(3) of THE INTERNAL REVENUE CODE of 1954, AS MAY BE AMENDED FROM TIME to TIME, (SEE SCHEDULE O, PAGE 23 for CONTINUATION) for THE RELIEF of THE POOR, DISTRESSED and UNDERPRIVILEDGED, and PROMOTION of SOCIAL WELFARE to LESSEN COMMUNITY TENSION, ELIMINATE PREJUDICE and DISCRIMINATION and COMBAT COMMUNITY DETERIORATION. THEREFORE, THE CORPORATIONS MISSION is to ACHIEVE, ON A NOT-FOR-PROFIT BASIS, DECENT AFFORDABLE HOUSING and RELATED COMMUNITY SERVICES, PROGRAMS and FACILITIES SPECIFICALLY DESIGNED to MEET THE NEEDS and REQUIREMENTS of LOW INCOME INDIVIDUALS, FAMILIES and SENIORS.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $100.00 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 2023The 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 leaders7 people are listed in the latest report.

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

Money made simple

122.48%of revenue went to mission work100.0% of expenses · Program services
$95.57spent for every $100 of revenueRevenue covered expenses this year.
$3.45in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

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

Pay context: The highest compensation shown in this filing is $3,000 for JOSEPH CATTANO (PRESIDENT/DIRECTOR). Compare pay with organizations of similar size and complexity.

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 2023

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.

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$79,000
Mission workProgram services$96,761122.48% of revenue100.0% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$96,761122.48% 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
2023CurrentExpense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 122.48% of revenue
2022Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 262.66% of revenue
2021Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 207.47% of revenue
2020Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 98.23% of revenue
2019Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 17.13% of revenue

Money in and money out

Revenue$101,250
Expenses$96,761
Annual surplus $4,489 Revenue was higher than expenses 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)$96,761 · 100.0% of expenses
See all reported dollar amounts
Revenue$101,250
Expenses$96,761
Assets$333,900
Income$101,250
Mission work (program services)$96,761
Grants given$300,172
Average grant$60,034
Accounting fees$7,700
People

Leadership and board

Tax year 2023

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

People reported as paid

Person and titleCompensation
JOSEPH CATTANOPRESIDENT/DIRECTOR · 1 hrs/week $3,000
DAVID E JONESVICE PRESIDENT/DIRECTOR · 1 hrs/week $2,400
JEFFREY GABELTREASURER/DIRECTOR · 1 hrs/week $2,400
MICHAEL SMITHDIRECTOR · 1 hrs/week $2,400
ROBERT BATTELLIDIRECTOR · 1 hrs/week $2,400
THOMAS CUSANELLIDIRECTOR · 1 hrs/week $2,400

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (7)

JOSEPH CATTANOPRESIDENT/DIRECTOR

DAVID E JONESVICE PRESIDENT/DIRECTOR

JEFFREY GABELTREASURER/DIRECTOR

MICHAEL SMITHDIRECTOR

ROBERT BATTELLIDIRECTOR

THOMAS CUSANELLIDIRECTOR

JOADY B FEINER ESQSECRETARY (PRO-TEM)

About this charity

Recognized since
January 2018
Location
100 NORTH MAIN STREET, FREEPORT, NY 11520-2237
County
Nassau
In care of
JOSEPH CATTANO
Primary officer
JOSEPH CATTANO, PRESIDENT

How to reach them

Filing and classification

Latest tax year
2023
Tax period began
November 1, 2023
Return type
990
Tax preparer
POMERICO & KOHN CPAS LLP
NTEE classification
Low-Income & Subsidized Rental Housing (L21)
IRS tax category
Low-Income & Subsidized Rental Housing
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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