An Institution of Respect and Equality

Bedford Stuyvesant Restoration Corporation (Restoration), the nation’s first Community Development organization, partners with residents and business to improve the quality of life in Central Brooklyn.

About Us


Restoration relentlessly pursues strategies to close gaps in family and community wealth to ensure all families in Central Brooklyn are prosperous and healthy.


A flourishing Brooklyn community consists of strong businesses and institutions that are anchored in a culture of equity and inclusion.


Bedford Stuyvesant Restoration Corporation BBB Charity Seal

kennedy_speech"The program for the development of Bedford-Stuyvesant will combine the best of community action with the best of the private enterprise system. Neither by itself is enough, but in their combination lies our hope for the future."

Senator Robert F. Kennedy
344 Monroe Street

In 1964, with the cooperation of Senator Jacob K. Javits and Mayor John W. Lindsay, Senator Robert F. Kennedy set into motion a round of legislative action that created the Special Impact Program, an amendment to the Economic Opportunity Act of 1964. He announced a seven-point action plan that would serve as a national model for community development. The plan called for the formation of the Bedford Stuyvesant Renewal and Rehabilitation Corporation and the Development Services Corporation, involving assistance from some of the foremost leaders of the American business community.

Under the leadership of Judge Thomas R. Jones, in 1967, the Bedford Stuyvesant Restoration Corporation (Restoration) was formally established to consolidate and carry forward these efforts. Deputy Police Commissioner Franklin A. Thomas, an original board member of the Bedford Stuyvesant Renewal and Rehabilitation Corporation, and later to become President of the Ford Foundation, was elected as Restoration’s first President. Initial funding support came from the Taconic Foundation, the Rockefeller Brothers Fund, the Edgar Stern Family Fund, The J.M. Kaplan Fund and the Ford Foundation.

One year later, Restoration purchased an abandoned milk bottling plant in the heart of Bedford-Stuyvesant, Sheffield Farms, to serve as its new corporate headquarters. Renovations soon began to create what is now known as Restoration Plaza. Completed in 1972, today this 300,000 square feet commercial plaza is home to Restoration’s headquarters, the historic Billie Holiday Theatre, the Skylight Gallery and scores of local businesses, non-profits and government agencies, including a post office, local branches of JPMorgan Chase, Carver Bank and Citibank, Super Foodtown, a satellite campus of Mercy College, and the offices of Assemblywoman Tremaine Wright and Council Member Robert Cornegy.

Since 1967, Restoration has catalyzed enormous economic, cultural, and educational improvements in Central Brooklyn. The following are some of our representative accomplishments:

Housing: Restoration has constructed or renovated 2,300 units of affordable housing, including both ownership and rental. The corporation has also repaired the facades of 150 homes and provided $60 million in mortgage financing to nearly 1,500 homeowners. In the recent past, Restoration was the second largest real estate owner in Brooklyn after the City of New York and controlled over $12 million in fixed assets. Today, Restoration remains committed to creating new housing infrastructure in Bed-Stuy where people of all income levels can have access to quality housing.

Economic Development: Restoration has been an important catalyst for business growth and investment promotion in Central Brooklyn, especially along the area’s main commercial corridors of Fulton Street and Nostrand Avenue. Among the businesses Restoration has brought to this area are a 25,000-square-foot Super Foodtown supermarket, Applebee’s Bar & Grill, Mercy College, a post office, and three major banks. To date, Restoration has attracted over $600 million in public and private investment to Central Brooklyn and created hundreds of jobs for local residents. Restoration Plaza, the town hall of Central Brooklyn, receives more than 1.5 million visits per year related to arts, education, community engagement, non-profit services and commerce.

Financial Empowerment and Youth Services: Our Economic Solutions Center is a one-stop, multi-service hub designed to improve local residents’ financial, occupational and educational outcomes. Serving both adults and youth, the Center facilitates economic self-sufficiency and family stability while providing opportunities for upward mobility. Its pipeline of services includes workplace readiness training and job placement, benefits screening and enrollment, financial counseling, and asset building programs. Restoration has placed over 24,000 youth and adults in jobs.

Restoration provides high school students with SAT prep classes and one-on-one counseling. Staff members review transcripts and report cards, assist in the completion of college applications and financial aid forms, and match students with tutoring and academic supports. In addition, we help young people prepare for the world of work by placing them in year-round internships and summer jobs.

Health and Fitness: Bedford-Stuyvesant residents face some serious health challenges, including some of the highest rates of obesity, heart disease and diabetes in New York City. Restoration is leading borough-wide efforts to promote access to healthy food and physical activity. During the summer months, we sponsor a farmers’ market which offers fresh organic produce at reasonable prices. Under its Farm to Early Care initiative, Restoration partners with child care centers and Head Start programs and helps them procure fresh, locally grown food for meals and snacks offered to young children. Currently over 1,500 preschoolers are served by this program. To promote physical activity among area residents, Restoration provides free, twice-a-week group exercise programs on its premises. Last but not the least, we introduced the Citi Bike bike sharing program to Central Brooklyn in 2015. In less than two years, ridership levels have risen by over 20% each year, making it one of the most successful bike share deployments in the entire city.

Environmental Awareness: Restoration’s Weatherization Assistance Program (WAP) has been recognized as a leading provider of energy conservation services in the New York metro area. Supported by the New York State Division of Housing and Community Renewal, the goal of the program is to reduce energy costs and improve safety and health standards for low-income residents. Services include installation of new windows, upgrade of heating systems, and the provision of energy efficient appliances, such as air conditioners and refrigerators.

Arts and Culture: Our Youth Arts Academy (YAA) is virtually the only comprehensive arts education institution in Bedford-Stuyvesant. Together with another on-premises organization, the Noel Pointer Foundation, the Academy offers instruction in dance, music, and theatre to over 400 students ages 3-18 each year. The Skylight Gallery features artwork across multiple media, showcasing the work of some 100 local and national artists each year and drawing an average of 2,000 visitors. The recently renovated Billie Holiday Theatre is one of very few full-fledged theaters in Central Brooklyn, serving 30,000 people annually over a 36-week season. Winner of numerous Obie and AUDELCO awards, the Theatre is a launching pad for aspiring theatre professionals and a great community resource for residents interested in enjoying quality performances of the works of critically acclaimed playwrights.

Small Business Services: The strengthening of Central Brooklyn’s economic base through new business formation and promotion of entrepreneurship is a major part of Restoration’s economic development agenda. The Brooklyn Business Center seeks to support local entrepreneurs and small businesses by providing one-on-one coaching on business planning, sales and marketing, facilitating access to capital, and securing free or low-cost legal and other professional services for our clients.


Kevin G. Chavers
Managing Director, BlackRock

Robert (Bob) Annibale
Board Member
Senior Fellow at the University of London, SOAS

Cameron Arrington
Board Member
Managing Director, Goldman Sachs & Co. LLC

Erika Irish Brown
Vice Chairperson
Chief Diversity Officer,
Goldman Sachs & Co. LLC

Marisha L. Clinton, CPA
Senior Director of Research, Tri-State, Avison Young
David Ehrenberg
Board Member
President and Chief Executive Officer, Brooklyn Navy Yard Development Corporation
Eric Eve
Board Member
Chief Executive Officer, Ichor Strategies
Benjamin A. Glascoe
Board Member
Retired, Consolidated Edison
Colvin W. Grannum, Esq.
Board Member
President and Chief Executive Officer, Bedford Stuyvesant Restoration Corporation
Robert F. Kennedy, Jr., Esq.
Board Member
Environmental Lawyer, Pace Environmental Litigation Clinic | Pace Law School
Joseph J. Lynch, Esq.
Board Member
Managing Partner, Nixon Peabody, LLP
Depelsha Thomas McGruder
Board Member
Chief Operating Officer and Treasurer, Ford Foundation
Dr. Wayne J. Riley, MD, MACP
Board Member
President, SUNY Downstate Medical Center
Timothy L. Simons
Board Member
Co-Founder, Forethought Advisors, LLC
Lenue (Lenny) H.
Singletary, III
Board Member
Senior Vice President of External Affairs, Strategy & Marketing, The Brooklyn Hospital Center
Joseph J. Sitt
Board Member
Founder, Chairman and Chief Executive Officer,
Thor Equities Group
Joseph G. Sponholz
Board Member
Retired, Chase Bank

Kevin Stein
Board Member
Co-Founder, Resolution ANALYTICA
Antonia (Toni) Yuille-Williams
First Vice Chairperson
Director of Public Affairs,
Brooklyn Division,
Consolidated Edison Co. of New York, Inc.
Host, Brooklyn Savvy
Peter M. Williams
Board Member     

Principal, PW Consulting Group, LLC
Wayne C. Winborne
Board Member
Executive Director,
Institute of Jazz Studies,
Rutgers University


Dreaming is not for the sleepers.

Dreaming is for those awakened to the possibility in the air.

Who are alive to the streets.

Partakers in the game.

Dreaming unleashes you to fly above the haters, the persecutors, the naysayers.

Dreaming takes you to school.

Dreaming helps you say yes.

Dreaming makes you untouchable. A pillar of strength in a weakened world.

It sets your nerves alight.

Dreaming spreads like a contagion. Flowing. Building. Questioning.

We at Restoration have seen the power of dreams. And we are dreaming, too.

We dream of opportunities for the people of Bed-Stuy, a community that has borne the weight of America’s history and has lived through it with grace and dignity.

An institution of respect and equality.

A spiritual home for strength and opportunity.

We remove the barriers of opportunity, expel the darkness that eclipses hope, and dispel the shame that stifles our power to dream.

It’s time we enabled the people of Bed-Stuy to dream of things that never were and ask, “why not?”

Colvin W. Grannum, Esq.

President and Chief Executive Officer

Colvin W. Grannum was born and raised in Bedford–Stuyvesant, Brooklyn, NY. Since 2001, under Mr. Grannum’s leadership as President and Chief Executive Officer, Restoration has been instrumental in the formation of the Bedford Stuyvesant Gateway Business Improvement District and the Coalition for the Improvement of Bedford-Stuyvesant and the partnership between Restoration and The Concord Federal Credit Union (launched by the Concord Baptist Church of Christ); the collaboration was part of the African American Credit Union Initiative, supported by Citi Community Development. In 2019, Mr. Grannum led the selection of famed architect Sir David Adjaye as the master planner for the Bed Stuy’s Restoration Plaza Reimagined project, which seeks to redevelop the Plaza as part of a five-year plan to “redefine Restoration’s role for the 21st century.” Prior to joining Restoration, Mr. Grannum served as the Founding President and Chief Executive Officer of Bridge Street Development Corporation, a faith-based not-for-profit community development corporation affiliated with Bridge Street African Methodist Episcopal Church in Brooklyn, NY, one of the oldest African American institutions in NYC. Before embarking on his career in community development, Mr. Grannum practiced law for over 17 years primarily as an Appellate and Litigation Attorney for the United States Department of Justice, Verizon, and the New York City Corporation Counsel. He is Chair of Bedford Stuyvesant Early Childhood Development Center, Inc. and is a member of the boards of directors of the Metropolitan Museum of Art, Carver Federal Savings Bank, NYC Workforce Investment Board, Center for NYC Neighborhoods, Local Initiatives Support Corporation, Association of Housing and Neighborhood Developers, the Brooklyn Chamber of Commerce, and the Brunswick School in Greenwich, CT, and has served on advisory boards at JPMorgan Chase, Fannie Mae, HSBC Bank, and the Federal Reserve Bank of New York. In May 2020 he was appointed as a member of Mayor Bill de Blasio’s Non-Profit and Social Services Sector Advisory Council. Mr. Grannum earned an undergraduate degree from the University of Pennsylvania and a law degree from Georgetown University Law Center. Mr. Grannum is licensed to practice law in New York State and the District of Columbia.


Dyrnest K. Sinckler, EMBA

Executive Vice President, Chief Operating Officer

Dyrnest K. Sinckler, who grew up in the Bedford-Stuyvesant neighborhood of Brooklyn, oversees the day-to-day operations of the organization and the implementation of capital programs. He directs and coordinates activities of the corporation and aids the CEO in formulating and implementing policy. Prior to joining Restoration in 2002, Mr. Sinckler served in the public sector for over 20 years, most recently as the Deputy Commissioner of Management and Budget in the New York City Department of Investigation. Mr. Sinckler received his BS from St. John’s University and an Executive MBA from Zicklin School of Business, Baruch College, City University of New York.


Francilla "Fran" Carlson

Executive Vice President, Chief Financial Officer

Fran Carlson, Restoration's Executive Vice President of Finance and Business Services, Chief Financial Officer, and Chief Administrative Officer, has over 20 years of progressive business consulting, fiscal management and executive management experience in both the non-profit and for-profit sectors. A seasoned accounting and finance executive, she combines her financial strengths with broad business experience in community development, economic development, commercial real estate and housing development, and asset management. Prior to joining Restoration in 2008, she served as a Fiscal and Executive Management Consultant to non-profit organizations. She has also worked as Deputy Executive Director and Chief Financial Officer at Neighborhood Housing Services of New York City. In that capacity she was responsible for creating substantial growth in the organization’s operating budget, operating reserves, housing development and homeownership operations.


Gordon Bell, MBA, CFA

Executive Vice President, Strategy and Business Development

Gordon Bell has led Restoration’s weatherization and energy efficiency businesses, sustainability initiatives, and economic development activities since 2011, including the Gateway Business Improvement District, and ad hoc efforts such as increasing the accuracy of the 2020 US Census. In 2019 he helped to close the acquisition of over 2,600 units of housing, the largest deal in Restoration's history. He has established and helped lead the New York Real Estate Chamber and the Black Business Collaborative, trade organizations comprising the most successful Minority- and Woman- Owned Business Enterprise (M/WBE) real estate firms on the East Coast. Additionally, Mr. Bell advises wealthy families towards social impact. Mr. Bell is a Chartered Financial Analyst who for over 30 years has managed both bond and equity investments on Wall Street, working at such firms as JPMorgan, Prudential, Citigroup, and Legacy Growth Partners. With significant expertise in real estate and other industries and a desire to promote social welfare, Mr. Bell became a C-level leader at several non-profits including North General Hospital, MSK Ralph Lauren Center | Memorial Sloan Kettering Cancer Center, Literacy Partners, and others. As an Officer and Director of the New Rochelle Industrial Development Agency, he helped vet and approve a multi-billion dollar development plan that is currently underway.  Mr. Bell also serves as Board Director of the Joint Ownership Entity of NYC and NYC's Economic Development Corporation New Market Tax Credit Advisory Board and a Board Member of the Council on Foreign Relations and Delivering Good, a nonprofit organization that supports people affected by poverty and tragedy through new merchandise donations from retailers and manufacturers.  Mr. Bell attended the University of Mexico as a Rotary International Fellow and earned his AB from Harvard College and MBA from Harvard Business School. He and his wife, Professor Sherrie Bell, have been married for over twenty years and have three children.


Tracey Capers, EMPA

Executive Vice President, Chief Program Officer

Tracey Capers oversees program planning, external affairs and development operations, in health and financial stability operating out of our Economic Solutions Center and Center for Healthy Neighborhoods, since 2005. Ms. Capers leads Restoration's expansion of the Farm to Early Care and Education program, which brings farm-fresh produce to preschoolers in the neighborhood. Under her watch, over 1,500 local children have access to healthy foods at a critical time in their development. Under Ms. Capers’ leadership, Restoration launched our COVID- 19 Community Support Fund in May 2020 for emergency cash and other forms of assistance, and is arranging for food to be delivered to residents of affordable housing sites, including New York City Housing Authority (NYCHA) developments, and the distribution of 100,000 face masks. Prior to joining Restoration, she served as a consultant, leading efforts to renew funding relationships, increase board involvement and create strategic partnerships. Her past clients included the Bowery Residents’ Committee, the Development Training Institute, The New York Community Trust, and the Annie E. Casey Foundation. Ms. Capers has held a number of leadership posts at non-profits and government: she served as Vice President of Development at the Local Initiatives Support Corporation and Chief of Staff for the NYC Department of Small Business Services. Ms. Capers is a leading force behind the NYC Better Bike Share Partnership — a collaboration with Citi Bike, the Department of Transportation, the Department of Health, and other community organizations — to improve bike share equity. A resident of Brooklyn, Ms. Capers serves on the boards of Coalition for the Improvement of Bedford-Stuyvesant, the Noel Pointer Foundation, Brooklyn Cooperative Federal Credit Union, Digital Interactive Visual Arts Sciences for Social Justice, and Transportation Alternatives. Ms. Capers received her Bachelor of Arts in Economics from Yale University and an Executive Master of Public Administration at the University of Pennsylvania's Fels Institute of Government.


Contact Us


Asset Management

(718) 636-6959

Send email


Brooklyn Business Center

(718) 636-6973

Send email


Center for Healthy Neighborhoods

(917) 267-5597

Send email



(929) 432-3306

Send email


Economic Solutions Center

(718) 636-6994

Send email


Event Services

(718) 636-6951

Send email


RestorationArt and Billie Holiday Theatre

(718) 636-6949

Send email



(718) 638-5705

Send email

A Special Thank You to our Donors


Councilwoman Alicka Ampry-Samuel
Council Member Robert E. Cornegy, Jr.
Consortium for Worker Education Inc.
Dormitory Authority of the State of New York
Empire State Development Corporation
Mayor's Fund to Advance New York City
New York City Department of Cultural Affairs
New York City Department of Youth & Community Development
New York City Human Resources Administration
New York State Department of Labor
New York State Homes and Community Renewal


Corporations, Foundations, & Organizations 

AECOM Tishman
Allegiance Retail Services, LLC
American Express
Anthem Blue Cross and Blue Shield
Ariel Investments
Arizona Community Foundation
The Arker Companies
Bank of America
Bank of New York Mellon Corporation
Edwin Barbey Charitable Trust
BET Networks
Boraie Development LLC
Brooklyn Communities Collaborative
Brooklyn Community Foundation
Brooklyn Navy Yard Development Corporation
BRP Development Corporation
Capital One Bank
Carver Federal Savings Bank
Center for Employment Opportunities
Change Capital Fund
CNY Group
The Common Market
Consolidated Edison Company of New York
The Edith Cooper and Robert Taylor Fund
Dime Community Bank
The Eagle Academy Foundation, Inc.
Enterprise Community Partners
Famous Horse, Inc./V.I.M.
Federation of Protestant Welfare Agencies, Inc.
Flagstaff Clapham Group


Food Bank for New York City
Foodtown/PSK Supermarkets LLC
Ford Foundation
Foundation for Financial Planning
Fried, Frank, Harris, Shriver & Jacobson LLP
Emanuel J. Friedman Philanthropies
Goldman Sachs
Gotham Organization, Inc.
Hyde and Watson Foundation
IM Foundation
Marian B. and Jacob K. Javits Foundation
JPMorgan Chase
W.K. Kellogg Foundation
Lamb Insurance Services
LIHC Investment Group
Local Initiatives Support Corporation
Lyft Motivate - Citi Bike
M&T Bank
Magnetar Capital
Maimonides Medical Center
Manatt, Phelps & Phillips, LLP
Burke And Violet Marshall Foundation
MetLife Foundation
Metropolitan Commercial Bank
Metropolitan Realty Group, LLC
Morgan Stanley
Henry & Lucy Moses Fund, Inc.
Mother Cabrini Health Foundation
MUFG Union Bank Foundation
The New York Community Trust
Nixon Peabody LLP
The Offensend Family Foundation
Olshan Frome Wolosky LLP
Omni New York, LLC

Partnership for New York City
Garrett and Mary Penniman Moran Family Foundation
Pinkerton Foundation
Pratt Center for Community Development
PricewaterhouseCoopers LLP
Prudential Financial
Regeneron Pharmaceuticals
RHR Funding LLC
RiseBoro Community Partnership
Robin Hood Foundation
Santander Bank
Sidley Austin LLP
Siebert Cisneros Shank & Co., LLC
Single Stop USA
SUNY Downstate Medical Center
Taconic Investment Partners
TD Bank
Thor Equities LLC
TUC Management Company, Inc.
United Fund Advisors
United Way New York
Venable Foundation
Verizon Foundation
Weatherization Assistance Program
Williamsburg Housing Preservation LP



Individuals ($5,000+ donors)

Gerald Adolph
Margaret C. Anadu
Robert Annibale
Cameron D. Arrington
Gregory A. & Tamara Belinfanti
Jeff T. Blau
Ursula M. Burns
Susan Camerata
Russell L. Carson
Richard M. Cashin
Kevin G. Chavers
Kenneth Chenault
Mark Defazio
C. Douglas Dixon
Doug J. Dixon
Daniel L. Doctoroff
Eric V. Eve
Roger Ferguson
Alan H. Fishman
Steven Flax
Charlie Gendron
MaryAnne Gilmartin
Benjamin A. Glascoe
Susan H. Goldstein
David Grain
Colvin W. & Sandi Grannum

Daniel H. Haft
Corey Heller
Michael Henriques & Mary A. Hou
Barbara Holland
Vince Hudson
Phillip Isom
Scott Jaffee
Stephen E. Kaufman
Jeff Krantz
Bevra & Thomas Krattenmaker
Joshua Lamberg
Carol Sutton & William M. Lewis, Jr.
Joseph J. Lynch
Megan Marrone
Meredith Marshall
Adam E. Max
Tim McChristian & Debbie Steer
Raymond J. McGuire
Michael McLaughlin
Richard & Ronay Menschel
Garrett M. Moran
David G. Offensend
Lisa Opoku
James & Elizabeth Pickman
Wayne J. Riley
Samuel M. Rotter

Eugene Schneur
Gaurav Seth
O. Peter Sherwood
James & Veronica Shipp
Timothy L. Simons
Joseph G. Sponholz
Kevin M. Stein
Ellen Stibler
Dmitri L. Stockton
Robert Taylor
Fred Terrell & Jonelle Procope
Franklin A. Thomas & Kate R. Whitney
Gabriella A. Thomas
Lu-Shawn Thompson
Laura Walker
Wayne C. Winborne & Srinija Srinivasan

Annual Report




View audited financial statements



Bedford Stuyvesant Restoration Corporation is a 501 (c) (3) organization and a registered New York State nonprofit.  Our tax ID number is 11-6083182.

View our recent tax form 990


Bedford Stuyvesant Restoration Corporation BBB Charity Seal