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March 2, 2010
Latest IRS report shows DDDB fundraising down but cash on hand up; the larger question: can DDDB play a role in light of project proceeding?
Atlantic Yards Report
Develop Don't Destroy Brooklyn's Daniel Goldstein fires back at a Ratner supporter who concluded that a dip in fundraising showed lack of support from the community, leaving watchdog Norman Oder to take a hard look at the numbers.
Tax Returns Show Critics’ Financial Support Dropping asserts the pseudonymous (and AY-supporting) Net Income of the Nets Daily blog, and that's certainly one way to read the Form 990s filed by Develop Don't Destroy Brooklyn with the Internal Revenue Service.
Another way to read it is that, more than a year ago, cash on hand dipped dramatically after significant spending on court cases. Then the cash available stabilized, with a small increase, despite the economic downturn.
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The larger question, I'd suggest, is whether DDDB will, in the face of the seemingly inevitable progress--but not quite, given pending cases--of the project, continue to raise money and play a role, if not as a legal opponent, a watchdog of sorts.
To follow the money and read Goldstein's feisty reply to "Mr. Income," click here for the full article.
Posted by lumi at March 2, 2010 6:10 AM