Freeport Community Development Inc

FREEPORT, NY EIN: 82-1238754

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 CORPORATION'S 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.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$353K

-4.8% YoY

Annual Giving

$26K

-78.2% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$26K

-78.2% YoY

About Freeport Community Development Inc

Based on IRS filings

Freeport Community Development Inc is a nonprofit organization focused on Housing & Shelter, based in FREEPORT, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $353K in total assets. In 2024, it awarded 1 grants totaling $26K.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1states

States

Cities

FreeportRiverhead

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$185K$370K$555K$740K20202021202220232024
Metric202420232022
Total Assets$352,979$370,740$484,604
Revenue$79,000$70,000$75,000
Expenses$96,761$183,864$155,602
Qualifying Distributions
Net Investment Income
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$30K$61K$91K$121K1 grants20201 grants20211 grants20221 grants20231 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

FREEPORT HOUSING AUTHORITY$26K

Grant Size Distribution

5 grants across all recorded years

2<$50K2$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Freeport Housing Authority ($26,425).

RecipientPurposeAmount
FREEPORT HOUSING AUTHORITY FREEPORT, NYAFFORDABLE HOUSING PROJECT$26,425

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

JOSEPH CATTANOPRESIDENT/DIRECTOR$3KDAVID E JONESVICE PRESIDENT/DIRECTOR$2KROBERT BATTELLIDIRECTOR$2KMICHAEL SMITHDIRECTOR$2KTHOMAS CUSANELLIDIRECTOR$2KJEFFREY GABELTREASURER/DIRECTOR$2K

From 2024 filing

NameTitleHoursCompensation
JOSEPH CATTANOPRESIDENT/DIRECTOR1$3,000
DAVID E JONESVICE PRESIDENT/DIRECTOR1$2,400
ROBERT BATTELLIDIRECTOR1$2,400
MICHAEL SMITHDIRECTOR1$2,400
THOMAS CUSANELLIDIRECTOR1$2,400
JEFFREY GABELTREASURER/DIRECTOR1$2,400
JOADY B FEINER ESQSECRETARY (PRO-TEM)1

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Freeport Community Development Inc?

Freeport Community Development Inc is a nonprofit organization focused on Housing & Shelter, based in FREEPORT, NY. It holds $353K in total assets as of 2024.

How large is Freeport Community Development Inc?

As of 2024, Freeport Community Development Inc holds $353K in total assets with $79K in annual revenue. It awarded 1 grants totaling $26K in 2024.

Where does Freeport Community Development Inc operate?

Freeport Community Development Inc has awarded grants in New York.

What size grants does Freeport Community Development Inc award?

In 2024, Freeport Community Development Inc awarded 1 grants totaling $26K — an average of about $26K per grant, based on its IRS Form 990 filings.

What is Freeport Community Development Inc's EIN?

Freeport Community Development Inc's EIN (Employer Identification Number) is 82-1238754. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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