Bedford Stuyvesant Restoration Corporation

What Bedford Stuyvesant Restoration Corporation does

Bedford Stuyvesant Restoration Corporation (Restoration) is a Brooklyn-based nonprofit community development corporation founded in 1967 as the nation's first CDC and headquartered at the 300,000 sq. ft Restoration Plaza at 1368 Fulton Street in Bed-Stuy. The organization operates an integrated portfolio of programs across six service lines: financial inclusion (personal financial coaching, tax preparation, benefits enrollment), real estate and commercial development, health and wellness (healthy food access, physical activity, mental health), job creation and workforce development (skills training, Jobs Plus sites, REP Brooklyn internships, Breakthrough Technology Fellowship), housing stabilization and homeownership (affordable housing navigation, weatherization), and small business and entrepreneurship support. It serves approximately 60,000+ Central Brooklyn residents annually through a combination of direct walk-in services, scheduled appointments, community outreach, and partner referrals; its program brands include the Billie Holiday Theatre, Youth Arts Academy, Center for Personal Financial Health, and Center for Healthy Neighborhoods. Restoration operates as a free-to-user service organization; its $0 pricing model removes economic barriers for low- and moderate-income residents, and the organization generates operating revenue through government contracts (NYC HPD, HRA, DYCD, NYS DHCR), foundation and corporate donations (Ford, Robin Hood, JPMorgan Chase, Goldman Sachs, TD Bank, LISC), individual contributions, and commercial real estate leasing on Plaza-controlled properties.

Name

Bedford Stuyvesant Restoration Corporation

Legal name

Bedford Stuyvesant Restoration Corporation

Website

https://restorationplaza.org

Company type

Private

Founded year

1967

Operating status

Operating

Headcount range

101–250 employees

Short description

Bedford Stuyvesant Restoration Corporation is the nation's first community development corporation, serving 60,000+ Central Brooklyn residents annually through free integrated programs in financial inclusion, housing, workforce development, health and wellness, small business, and arts and culture.

Ownership category

akta.pro rank

Product category

Community Development Services

NAICS

Other Individual and Family Services (624190), Vocational Rehabilitation Services (624310), Child and Youth Services (624110), Services for the Elderly and Persons with Disabilities (62412)

SIC

Services-Social Services (8300)

akta.pro primary industry

Community Development & Neighborhood Revitalization (CDBG, Place-Based Initiatives) (BPAIANAE)

akta.pro secondary industries

Community Centers & Neighborhood Support Services (BPAGAEAL), Public Housing & Social Housing Development/Modernization Programs (FSALAKAH), Community Development & Neighborhood Revitalization Housing Programs (FSALAKAO)

Keywords

• Community development
• Affordable housing
• Financial counseling
• Workforce development
• Small business support

Headquarters

HQ city

Brooklyn

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Government Grants and Contracts: Primary funding from federal, state, and city government agencies including NYC HPD, HRA, DYCD, NYS Division of Housing and Community Renewal, and others. Government contracts fund specific programs including workforce development, weatherization, housing services, and Jobs Plus initiatives.
2. Foundation and Corporate Donations: Funding from foundations (Ford Foundation, Robin Hood Foundation, JPMorgan Chase, Goldman Sachs, etc.) and corporate sponsors supporting community development programs and initiatives.
3. Individual Donations: Individual donor contributions at various tiers from community members and supporters. Annual benefit gala raises funds from individual donors.
4. Commercial Real Estate Leasing: Income from leasing office and retail spaces to small businesses, nonprofits, and community organizations at Restoration Plaza and other properties.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Restoration operates as a multi-service community development corporation providing free, integrated programs to Central Brooklyn residents across six pillars: financial inclusion (counseling, tax prep, benefits enrollment), workforce development (job training, placement, youth internships), housing stabilization (affordable housing navigation, weatherization, homeownership counseling), health and wellness (food access, mental health, physical activity), arts and culture (Billie Holiday Theatre, Youth Arts Academy), and small business support (technical assistance, capital access). All services are delivered at no cost to residents through Restoration Plaza and satellite locations, funded primarily by government grants and philanthropic donations.

Product overview

Bedford Stuyvesant Restoration Corporation operates as a multi-service community development organization with a platform of integrated programs designed to close the racial wealth gap in Central Brooklyn. The organization offers a comprehensive suite of services organized around financial inclusion, small business development, arts and culture, housing, workforce development, and health and wellness. Key programs include the Center for Personal Financial Health for financial coaching and tax assistance, RBxA for small business support, the Billie Holiday Theatre and Youth Arts Academy for cultural programming, housing stabilization and weatherization services, workforce development including the Breakthrough Technology Fellowship, and the Center for Healthy Neighborhoods addressing food security and physical activity. The organization is developing an Innovation Campus master plan to expand tech-driven economic opportunities. This is a service-based nonprofit organization rather than a technology product company.

Differentiator

Problem solved

Functional benefit

Brands

• Billie Holiday Theatre: Obie and AUDELCO-winning theater founded in 1972, one of the oldest African-American theaters in the United States, hosting 30,000 people annually over a 36-week season.
• Youth Arts Academy
• Center for Personal Financial Health
• Center for Healthy Neighborhoods
• Restoration Business Exchange Alliance (RBxA)

Products and services

• Center for Personal Financial Health

Quantifiable outcome

• 60,000+ individuals served annually across all programs
• +8 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

14 partnerships are on record, tiered core and minor.

• Fifth Avenue CommitteecoreStrategic or Co-development Partner · 13 February 2026Co-developer with Bedford Stuyvesant Restoration Corporation and One Brooklyn Health for the 1024 Fulton Street project - a 125-unit, 100% affordable housing development representing a $111M+ investment. Selected through competitive RFP following community visioning process.
• One Brooklyn HealthcoreStrategic or Co-development Partner · 13 February 2026Co-developer with Bedford Stuyvesant Restoration Corporation and Fifth Avenue Committee for 1024 Fulton Street affordable housing project. Will include community center and health clinic component.
• St. Nicks AlliancecoreStrategic or Co-development Partner · 13 September 2023Co-development partner for Dekalb Commons - three 100% affordable housing developments in Central Brooklyn with 85 total units including 13 for formerly homeless individuals.
• Beautifully Fed BrooklynminorOthersFood provider partner for Farm to Institution program delivering healthy meals to senior centers and Head Start programs in Central Brooklyn.
• Brooklyn Packers - Brooklyn Supported AgricultureminorOthersLocal agriculture partner providing farm shares and fresh produce for healthy food access programs serving Central Brooklyn residents.
• Green & ThingsminorOthersFarm partner supplying locally grown produce for food access initiatives in Central Brooklyn communities.
• Common MarketminorOthersRegional food hub partner supporting the distribution of locally sourced food products to Central Brooklyn institutions through Farm to Institution program.
• BOC NetworkcoreImplementation/ SI/ Consulting PartnerNew partnership announced as RBxA sunsetted operations at Fulton Street. BOC Network provides business consultation, training, and funding assistance for small business clients transitioning from RBxA services.
• Brooklyn Legal ServicescoreImplementation/ SI/ Consulting PartnerNonprofit legal services provider connecting Central Brooklyn residents with skilled lawyers for eviction protection and housing rights advocacy. BLS served 22,000+ Brooklyn residents in past year.
• Citi Bike / LyftcoreStrategic or Co-development PartnerLeading the Better Bike Share Partnership since 2015 to advance equitable access to bike share and economic opportunities. Partnership resulted in 77% increase in Citi Bike memberships and 200,000 new rides.
• NYC Department of TransportationcoreStrategic or Co-development PartnerPartner in Better Bike Share Partnership working to increase equitable access to bike share and develop transportation equity for communities of color.
• NYC Department of Health and Mental HygieneminorStrategic or Co-development PartnerPartner in Better Bike Share Partnership addressing health outcomes through increased physical activity and accessible transportation options.
• Brooklyn Navy Yard Development CorporationminorOthersHosted Higher Connections 2025: A Small Business Experience event for cannabis and non-cannabis businesses at Brooklyn Navy Yard location.
• NYC Department of Housing Preservation and Development (HPD)coreStrategic or Co-development PartnerOfficial housing ambassador partnership providing information and assistance with affordable housing application process through HPD lottery system.

Scale indicators30 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Cypress Hills Local Development Corporation: East Brooklyn-based CDC providing affordable housing, workforce development, youth services, and community organizing. Directly comparable to BSRC as a Brooklyn CDC with an integrated housing + workforce + youth programming model.
• Abyssinian Development Corporation: Harlem-based CDC formed in 1989 as one of the most prominent NYC community development corporations. Closely comparable to BSRC in mission (housing, education, workforce, health), operational model, and reliance on institutional partners and government contracts.
• Make the Road New York: NYC-based nonprofit combining community organizing, adult education, workforce development, and housing legal services. Comparable to BSRC in workforce + housing + community service portfolio, though with a stronger organizing and advocacy orientation.
• Greater Jamaica Development Corporation: Queens-based CDC focused on commercial and residential real estate development, small business support, and workforce development. Direct peer — Ian Straughter, BSRC's current Chief Programs Officer, previously served as COO of GJDC, indicating comparable operating models.
• Asian Americans for Equality: NYC-based nonprofit providing affordable housing, small business lending, and community development across multiple boroughs. Peer in scale and program mix (housing development, small business support, financial counseling), serving a different but adjacent demographic.
• The Fifth Avenue Committee: Brooklyn-based CDC focused on affordable housing, community organizing, and economic development in South Brooklyn. Direct peer — co-developer with BSRC on the 1024 Fulton Street project, offering overlapping housing development, tenant organizing, and small business programs.
• St. Nicks Alliance: North Brooklyn CDC providing affordable housing, workforce development, and community services. Direct peer — co-development partner with BSRC on Dekalb Commons; competes with BSRC for similar government and foundation funding in adjacent Brooklyn neighborhoods.

Broad incumbents

• LISC (Local Initiatives Support Corporation): National nonprofit CDFI and community development intermediary that finances affordable housing, small businesses, and neighborhood revitalization. LISC is both a BSRC funder and a structural peer operating in the same multi-service community development space at much larger scale.
• Enterprise Community Partners: National nonprofit that invests in affordable housing, community development financial institutions, and place-based revitalization. Comparable to BSRC in mission and program mix (housing + workforce + community services), but operates nationally with significantly larger capital base.

Others

• Carver Federal Savings Bank: Black-led community development financial institution providing banking, lending, and community development services. Adjacent — BSRC's CEO Blondel Pinnock was previously CLO of Carver, and Takisia Whites previously led Carver Community Development Corporation, making it a closely related institution in the racial-equity finance ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/bedstuyrestoration
• Instagraminstagram.com/bedstuyrestoration
• Xx.com/BSRC
• LinkedInlinkedin.com/company/bedford-stuyvesant-restoration-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bedford Stuyvesant Restoration Corporation