Civic Intelligence

South Bronx Overall Economic Development Corporation

990 • Fiscal year 2014 • EIN 13-2736022

Apr 01, 2013 to Mar 31, 2014 • Filed on Feb 16, 2015

555 Bergen AvenueBronx, NY 10455

(718) 732-7510

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

78th percentile

0.59x

Higher debt load relative to assets than 78% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

76th percentile

0.70x

Higher debt load relative to revenue than 76% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

17th percentile

-11%

Higher net margin than 17% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

86th percentile

$271,996

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

6th percentile

-15%

Faster asset growth than 6% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

6th percentile

-40%

Faster revenue growth than 6% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Assets

Down

$9,839,666

Down $1,714,800 (-15%) from 2013

Net Assets

Down

$4,002,268

Down $896,425 (-18%) from 2013

Liabilities

Down

$5,837,398

Down $818,375 (-12%) from 2013

Revenue

Down

$8,341,962

Down $5,540,978 (-40%) from 2013

Expenses

Down

$9,238,387

Down $224,036 (-2.4%) from 2013

Net Income

Down

-$896,425

Down $5,316,942 (-120%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $10,443,170Liabilities 2010: $9,383,756Net Assets 2010: $1,059,4142010Assets 2011: $9,678,589Liabilities 2011: $8,922,124Net Assets 2011: $756,4652011Assets 2012: $9,014,189Liabilities 2012: $8,731,755Net Assets 2012: $282,4342012Assets 2013: $11,554,466Liabilities 2013: $6,655,773Net Assets 2013: $4,898,6932013Assets 2014: $9,839,666Liabilities 2014: $5,837,398Net Assets 2014: $4,002,2682014Assets 2015: $10,115,889Liabilities 2015: $6,927,145Net Assets 2015: $3,188,7442015Assets 2016: $9,265,691Liabilities 2016: $6,351,422Net Assets 2016: $2,914,2692016Assets 2017: $8,808,352Liabilities 2017: $6,690,951Net Assets 2017: $2,117,4012017Assets 2018: $11,675,328Liabilities 2018: $7,846,637Net Assets 2018: $3,828,6912018Assets 2019: $5,681,704Liabilities 2019: $4,482,631Net Assets 2019: $1,199,0732019Assets 2020: $7,389,551Liabilities 2020: $2,312,871Net Assets 2020: $5,076,6802020Assets 2021: $11,273,834Liabilities 2021: $4,879,927Net Assets 2021: $6,393,9072021Assets 2022: $9,441,146Liabilities 2022: $4,750,373Net Assets 2022: $4,690,7732022Assets 2023: $10,232,191Liabilities 2023: $6,420,456Net Assets 2023: $3,811,7352023

Highlighted filing

2014

Assets$9,839,666
Liabilities$5,837,398
Net Assets$4,002,268

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $10,650,2032010Expenses 2011: $11,797,6542011Revenue 2012: $8,947,514Expenses 2012: $9,421,545Net Income 2012: -$474,0312012Revenue 2013: $13,882,940Expenses 2013: $9,462,423Net Income 2013: $4,420,5172013Revenue 2014: $8,341,962Expenses 2014: $9,238,387Net Income 2014: -$896,4252014Revenue 2015: $8,912,026Expenses 2015: $9,725,550Net Income 2015: -$813,5242015Revenue 2016: $10,113,391Expenses 2016: $10,443,747Net Income 2016: -$330,3562016Revenue 2017: $10,363,933Expenses 2017: $11,160,801Net Income 2017: -$796,8682017Revenue 2018: $10,866,144Expenses 2018: $11,657,311Net Income 2018: -$791,1672018Revenue 2019: $14,505,335Expenses 2019: $12,729,940Net Income 2019: $1,775,3952019Revenue 2020: $15,134,013Expenses 2020: $11,266,838Net Income 2020: $3,867,1752020Revenue 2021: $9,485,057Expenses 2021: $8,348,588Net Income 2021: $1,136,4692021Revenue 2022: $12,019,062Expenses 2022: $12,192,704Net Income 2022: -$173,6422022Revenue 2023: $8,860,427Expenses 2023: $10,667,730Net Income 2023: -$1,807,3032023

Highlighted filing

2014

Revenue$8,341,962
Expenses$9,238,387
Net Income-$896,425
Jump To
Filing Snapshot
Filing Period
Apr 1, 2013 to Mar 31, 2014
Signed
Feb 16, 2015
Return Version
2013v4.0
Gross Receipts
$8,444,805
Mission and Program Overview

Mission

Our mission is to enhance the quality of life in the south bronx by strengthening businesses and creating innovative economic, housing, educational, and career development programs for youth and adults. Sobbo was founded in 1972 by a group of business executives and community leaders. Our task was urgent: reverse the flight of businesses and jobs from the south bronx. It was the first and most fundamental step toward rebuilding a community whose name evoked images of burned buildings, crime, poverty and drugs. But as sobro began to evolve, it became clearer that community revitalization required a multi-faceted effort. Today, we address all aspects of community development: assisting businesses to get started and grow, training residents according to the needs of employers, offering opportunities for youth to learn and develop, and creating affordable housing and commercial spaces that reverse blight in the community.

Sboedc's mission is to enhance the quality of life in the south bronx by strengthening businesses and creating innovative economic, housing, educational, and career development programs for youth and adults.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,400,526$4,532,353▲ $131,827
Accounts Receivable$3,801,082$2,305,456▼ $1,495,626
Pledges and Grants Receivable$764,768$1,376,624▲ $611,856
Intangible Assets$194,099$184,385▼ $9,714
Prepaid Expenses and Deferred Charges$104,152$89,393▼ $14,759
Cash and Non-Interest-Bearing Accounts$106,169$22,492▼ $83,677
Savings and Temporary Cash Investments$0--
Total Assets$11,554,466$9,839,666▼ $1,714,800
Other Assets Total$2,183,670$1,328,963▼ $854,707
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,919,499$3,974,175▼ $945,324
Accounts Payable and Accrued Expenses$694,899$929,224▲ $234,325
Other Liabilities$1,035,466$928,963▼ $106,503
Deferred Revenue$5,909$5,036▼ $873
Total Liabilities$6,655,773$5,837,398▼ $818,375
Net Assets / Fund Balance
Unrestricted Net Assets$4,623,940$3,761,188▼ $862,752
Temporarily Rstr Net Assets$274,753$241,080▼ $33,673
Total Net Assets Fund Balance$4,898,693$4,002,268▼ $896,425
Total Liabilities and Net Assets / Fund Balance$11,554,466$9,839,666▼ $1,714,800

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,879,008$4,499,518$8,378,526
Equipment$381,264$128,177$509,441
Land$133,345-$133,345
Other Land Buildings$126,455-$126,455
Leasehold Improvements$12,281$11,117$23,398
Other Assets Org$83,025--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$274,753--$33,673$241,080
2012$296,515--$21,762$274,753
2011$369,695--$73,180$296,515
2010$396,416--$26,721$369,695
2009$333,662$62,754--$396,416
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Phillip MorrowPresidentFT$231,996$40,000$271,996
Christie AlcidCFOFT$105,318$35,013$140,331
Lourdes ZapataSenior VPFT$105,563$16,707$122,270
Gerard WeinbrechtExecutive VPFT$105,100$11,500$116,600
Johanna DejesusVP of Education DeptFT$82,734$8,619$91,353

Board Members and Trustees

NameTitle
Anthony M Riccio JrChairman
Dennis DerryckVice Chairman
Angelo AponteBoard Member
Arline ParksBoard Member
Awilda CorderoBoard Member
Barry MileaBoard Member
Demetric a DuckettBoard Member
Diana HernandezBoard Member
Edward OdomBoard Member
Karen McguinnessBoard Member
Mark L CastleBoard Member
Robert AvaltroniBoard Member
Simon BergsonBoard Member
Steven SmithBoard Member
Takisia L WhitesBoard Member
Tim CawleyBoard Member
Tracy WoodallBoard Member
Yolanda GonzelezBoard Member
James ShippSecretary
Jean SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,027,238
Program Service Revenue
$3,131,155
Investment Income
$0
Other Revenue
$183,569
All Other Contributions
$574,537
Change in Net Assets
$-896,425
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,147,522
Other Expenses$3,060,865
Total Fundraising Expense$68,705
Professional Fundraising Fees$30,000
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,440,792$1,079,834-$4,520,626
Occupancy$462,934$416,050-$878,984
Current Officers, Directors, Trustees, and Key Employees$566,879$176,586-$743,465
Payroll Taxes$365,472$108,817-$474,289
Depreciation Depletion$220,005$203,560-$423,565
Fees for Services Other$374,252$5,380-$379,632
Other Employee Benefits$275,119$81,916-$357,035
Office Expenses$243,010$32,583$31,527$307,120
Interest$96,307$92,530-$188,837
Conferences and Meetings$111,407$23,051-$134,458
Advertising$118,557-$3,727$122,284
Travel$78,374$16,216$892$95,482
Fees for Services Accounting-$75,091-$75,091
All Other Expenses-$71,655$2,559$74,214
Fees for Services Legal-$70,319-$70,319
Pension Plan Contributions$40,152$11,955-$52,107
Fees for Services Professional Fundraising--$30,000$30,000
Other Expenses$4,649$43,684-$4,649
Total Functional Expenses$6,609,642$2,560,040$68,705$9,238,387
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$102,843
Fundraising Gross Income$91,207
Professional Fundraising Fees$30,000

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$160,827$82,765-$82,765
Event 2$52,360$8,442-$8,442
Total Events$213,187$91,207$102,843$-11,636
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$562,989
Advances From Government Agencies$201,965
Security Deposits$88,433
Other Program Liabilities$75,576
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

A draft copy of the 990 is provided to the organization's governing board. The board reviews the 990 and makes recommendations for changes. The board then approves the final return before it is submitted to the irs.

Form 990, Part VI, Section B, Line 12C

Annually a consultant reviews the conflict of interest policy and questionaires which are required to be signed by all board members and employees including directors, key employees and officers. If any conflicts exist, they are reported to the president. The president reports any conflicts to the board chairman. If a conflict exists the party must recuse themselves from deliberations.

Form 990, Part VI, Section B, Line 15A

Throughout sobro, compensation is market-based and set at levels that attract qualified candidates for any given position, and encourage top performers to stay. Annually, the chairman of the board and the other members of the board's executive committee regularly review the ceo's overall effectiveness and performance against goals in the strategic plan. If the compensation is to be re-set, a memo is prepared in addition to documenting ceo's performance. The memo assures the board that the re-set compensation is 1) in line with the salaries being paid to the heads of new york-area not-for-profits with similar mission-related complexities, budgets and numbers of employees, and 2) within the ranges of reference sources such as the most-recent guidestar nonprofit compensation report. The report summarizes compensation data from other organizations irs form 990 filings by categories of not-for-profit officers.

Form 990, Part VI, Section C, Line 19

The documents are available by request.

Filing and Contact Details

Filer

EIN
13-2736022
Phone
7187327510

Signing Officer

Name
Phillip Morrow
Title
President
Phone
7187327510
Signed
2015-02-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Phillip Morrow
Formed
1972
Legal Domicile
Ny
Voting Board Members
20
Independent Board Members
19
Employees
323
Volunteers
18

Preparer

Preparer
Thomas Lanning
Phone
2122970400
Supplemental Narrative

Additional Explanations

FORM 990, PART V, LINE 1A:

South bronx overall economic development corporation filed 1099s during 2013. However, the organization is unable to locate their filing copy. They have requested a copy of the filing from the irs. However, at the time of filing of the 990, the number of 1099s is unknown and therefore, the organization is answering 0.

FORM 990, PART V, LINE 2A:

Employees are paid through a third party and did not receive a w-2 from south bronx overall economic development corporation.

FORM 990, PART IV, LINE 12B:

This return has been prepared based on all available information at the time of filing. It is also based on unaudited financial statements. If any significant differences arise after this filing, this return will be amended to properly reflect the additional information.

Financial Statement Notes

PART V, LINE 4:

The endowment funds are restricted by the donor for specific programs.

Raw XML AppendixShowing 400 of 894 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0SBOEDC'S MISSION IS TO ENHANCE THE QUALITY OF LIFE IN THE SOUTH BRONX BY STRENGTHENING BUSINESSES AND CREATING INNOVATIVE ECONOMIC, HOUSING, EDUCATIONAL, AND CAREER DEVELOPMENT PROGRAMS FOR YOUTH AND ADULTS.
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IRS990/Desc0THE YOUTH DEVELOPMENT AND EDUCATION DEPARTMENT PROVIDED AFTER-SCHOOL, SUMMER YOUTH EMPLOYMENT, AND OUT-OF-SCHOOL YOUTH SERVICES TO 1,730 YOUNG PEOPLE BETWEEN THE AGES OF 5 AND 25. IN-SCHOOL AND AFTER-SCHOOL PROGRAMS ASSISTED ELEMENTARY, MIDDLE AND HIGH SCHOOL STUDENTS WITH HOMEWORK AND TUTORING, COLLEGE PREPARATION, ARTS AND CULTURAL ACTIVITIES, AND LEADERSHIP DEVELOPMENT. ADDITIONALLY, SUMMER INTERNSHIPS WERE PROVIDED TO 811 YOUTH, WHICH WERE SUPPLEMENTED BY ACADEMIC SUPPORT, CAREER AWARENESS TRAINING, WORK SKILLS DEVELOPMENT, AND LEADERSHIP TRAINING. SOBRO ALSO COMBINED TWO PREVIOUS PROGRAMS, THE YOUTH BUILD PROGRAM AND YOUNG ADULT JUSTICE SCHOLARS, INTO THE SOBRO TRANSFORMATION ACADEMY, WHICH SERVES AT-RISK YOUNG ADULTS TO EARN THEIR HIGH SCHOOL EQUIVALENCY (HSE) DIPLOMA, LEARN CONSTRUCTION AND JOB-READINESS SKILLS, AND RESOLVE PERSONAL BARRIERS TO SUCCESS WITH OUR LICENSED MASTER SOCIAL WORKER. THESE YOUNG ADULTS WERE OFFERED TWO NEW TRAINING OPPORTUNITIES THIS YEAR: THE FIRST IS TO LEARN ABOUT HYDROPONIC FARMING AND TO MAINTAIN A HYDROPONIC ROOFTOP GARDEN AT SOBROS AFFORDABLE HOUSING DEVELOPMENT, THE GATEWAY BUILDING, THROUGH FUNDING FROM NEWS CORP.; AND THE SECOND OPPORTUNITY THROUGH A STARBUCKS GRANT TO LEARN ABOUT SOCIAL ENTREPRENEURSHIP AND EXPERIMENT WITH THEIR OWN BUSINESS CONCEPTS.
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd18X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd19X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd20X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd8X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1336648
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2135013
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2211500
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt238619
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2416707
IRS990/Form990PartVIISectionAGrp/PersonNm0ANGELO APONTE
IRS990/Form990PartVIISectionAGrp/PersonNm1ANTHONY M RICCIO JR
IRS990/Form990PartVIISectionAGrp/PersonNm2ARLINE PARKS
IRS990/Form990PartVIISectionAGrp/PersonNm3AWILDA CORDERO
IRS990/Form990PartVIISectionAGrp/PersonNm4BARRY MILEA
IRS990/Form990PartVIISectionAGrp/PersonNm5DEMETRIC A DUCKETT
IRS990/Form990PartVIISectionAGrp/PersonNm6DENNIS DERRYCK
IRS990/Form990PartVIISectionAGrp/PersonNm7DIANA HERNANDEZ
IRS990/Form990PartVIISectionAGrp/PersonNm8EDWARD ODOM
IRS990/Form990PartVIISectionAGrp/PersonNm9JAMES SHIPP
IRS990/Form990PartVIISectionAGrp/PersonNm10JEAN SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm11KAREN MCGUINNESS
IRS990/Form990PartVIISectionAGrp/PersonNm12MARK L CASTLE
IRS990/Form990PartVIISectionAGrp/PersonNm13PHILLIP MORROW
IRS990/Form990PartVIISectionAGrp/PersonNm14ROBERT AVALTRONI
IRS990/Form990PartVIISectionAGrp/PersonNm15SIMON BERGSON
IRS990/Form990PartVIISectionAGrp/PersonNm16STEVEN SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm17TAKISIA L WHITES
IRS990/Form990PartVIISectionAGrp/PersonNm18TIM CAWLEY
IRS990/Form990PartVIISectionAGrp/PersonNm19TRACY WOODALL
IRS990/Form990PartVIISectionAGrp/PersonNm20YOLANDA GONZELEZ
IRS990/Form990PartVIISectionAGrp/PersonNm21CHRISTIE ALCID
IRS990/Form990PartVIISectionAGrp/PersonNm22GERARD WEINBRECHT
IRS990/Form990PartVIISectionAGrp/PersonNm23JOHANNA DEJESUS
IRS990/Form990PartVIISectionAGrp/PersonNm24LOURDES ZAPATA
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13235348
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21105318
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt22105100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2382734
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt24105563
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt10TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt22EXECUTIVE VP
IRS990/Form990PartVIISectionAGrp/TitleTxt23VP OF EDUCATION DEPT
IRS990/Form990PartVIISectionAGrp/TitleTxt24SENIOR VP
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01972
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0121980
IRS990/FundraisingDirectExpensesAmt0102843
IRS990/FundraisingGrossIncomeAmt091207
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt020
IRS990/GovernmentGrantsAmt04075945
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt08444805
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt019
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/IntangibleAssetsGrp/BOYAmt0194099
IRS990/IntangibleAssetsGrp/EOYAmt0184385
IRS990/InterestGrp/ManagementAndGeneralAmt092530
IRS990/InterestGrp/ProgramServicesAmt096307
IRS990/InterestGrp/TotalAmt0188837
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04638812
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04400526
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04532353
IRS990/LandBldgEquipCostOrOtherBssAmt09171165
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt096936
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt096936
IRS990/MissionDesc0OUR MISSION IS TO ENHANCE THE QUALITY OF LIFE IN THE SOUTH BRONX BY STRENGTHENING BUSINESSES AND CREATING INNOVATIVE ECONOMIC, HOUSING, EDUCATIONAL, AND CAREER DEVELOPMENT PROGRAMS FOR YOUTH AND ADULTS.SOBRO WAS FOUNDED IN 1972 BY A GROUP OF BUSINESS EXECUTIVES AND COMMUNITY LEADERS. OUR TASK WAS URGENT: REVERSE THE FLIGHT OF BUSINESSES AND JOBS FROM THE SOUTH BRONX. IT WAS THE FIRST AND MOST FUNDAMENTAL STEP TOWARD REBUILDING A COMMUNITY WHOSE NAME EVOKED IMAGES OF BURNED OUT BUILDINGS, CRIME, POVERTY AND DRUGS. BUT AS SOBRO BEGAN TO EVOLVE, IT BECAME CLEARER THAT COMMUNITY REVITALIZATION REQUIRED A MULTI-FACETED EFFORT. TODAY, WE ADDRESS ALL ASPECTS OF COMMUNITY DEVELOPMENT: ASSISTING BUSINESSES TO GET STARTED AND GROW, TRAINING RESIDENTS ACCORDING TO THE NEEDS OF EMPLOYERS, OFFERING OPPORTUNITIES FOR YOUTH TO LEARN AND DEVELOP, AND CREATING AFFORDABLE HOUSING AND COMMERCIAL SPACE THAT REVERSES BLIGHT IN THE COMMUNITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04919499
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03974175
IRS990/NetAssetsOrFundBalancesBOYAmt04898693
IRS990/NetAssetsOrFundBalancesEOYAmt04002268
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-11636
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-11636
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0416050
IRS990/OccupancyGrp/ProgramServicesAmt0462934
IRS990/OccupancyGrp/TotalAmt0878984
IRS990/OfficeExpensesGrp/FundraisingAmt031527
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt032583
IRS990/OfficeExpensesGrp/ProgramServicesAmt0243010
IRS990/OfficeExpensesGrp/TotalAmt0307120
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02183670
IRS990/OtherAssetsTotalGrp/EOYAmt01328963
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt081916
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0275119
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0357035
IRS990/OtherExpensesGrp/Desc0EQUIPMENT RENTAL AND MA
IRS990/OtherExpensesGrp/Desc1PROGRAM INCENTIVES
IRS990/OtherExpensesGrp/Desc2BAD DEBT
IRS990/OtherExpensesGrp/Desc3DATA PROCESSING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt012557
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt138256
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt243684
IRS990/OtherExpensesGrp/ProgramServicesAmt0145815
IRS990/OtherExpensesGrp/ProgramServicesAmt165918
IRS990/OtherExpensesGrp/ProgramServicesAmt24649
IRS990/OtherExpensesGrp/TotalAmt0158372
IRS990/OtherExpensesGrp/TotalAmt1104174
IRS990/OtherExpensesGrp/TotalAmt243684
IRS990/OtherExpensesGrp/TotalAmt34649
IRS990/OtherLiabilitiesGrp/BOYAmt01035466
IRS990/OtherLiabilitiesGrp/EOYAmt0928963
IRS990/OtherRevenueMiscGrp/Desc0NYSERDA EFFICENCY PAYM
IRS990/OtherRevenueMiscGrp/Desc1IDAJCP LANDFILL DEVELO
IRS990/OtherRevenueMiscGrp/Desc2INSURANCE REIMBURSEMEN
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt039046
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt131689
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt227534
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt039046
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt131689
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt227534
IRS990/OtherRevenueTotalAmt0195205
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01079834
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03440792
IRS990/OtherSalariesAndWagesGrp/TotalAmt04520626
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0108817
IRS990/PayrollTaxesGrp/ProgramServicesAmt0365472

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$10.2$6.42$3.81$8.86$10.7$1.81
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.44$4.75$4.69$12.0$12.2$0.17
2021Detailed filing. Detailed filing data is available for this year.$11.3$4.88$6.39$9.49$8.35$1.14
2020Detailed filing. Detailed filing data is available for this year.$7.39$2.31$5.08$15.1$11.3$3.87
2019Detailed filing. Detailed filing data is available for this year.$5.68$4.48$1.20$14.5$12.7$1.78
2018Detailed filing. Detailed filing data is available for this year.$11.7$7.85$3.83$10.9$11.7$0.79
2017Detailed filing. Detailed filing data is available for this year.$8.81$6.69$2.12$10.4$11.2$0.80
2016Detailed filing. Detailed filing data is available for this year.$9.27$6.35$2.91$10.1$10.4$0.33
2015Detailed filing. Detailed filing data is available for this year.$10.1$6.93$3.19$8.91$9.73$0.81
2014Detailed filing. Detailed filing data is available for this year.$9.84$5.84$4.00$8.34$9.24$0.90
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.6$6.66$4.90$13.9$9.46$4.42
2012Summary only. Only limited summary data is available for this year.$9.01$8.73$0.28$8.95$9.42$0.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.68$8.92$0.76$11.8
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$9.38$1.06$10.7