Civic Intelligence

South Bronx Overall Economic Development Corporation

990 • Fiscal year 2021 • EIN 13-2736022

Apr 01, 2020 to Mar 31, 2021 • Filed on Jun 12, 2023

555 Bergen Avenue 3rd FloorBronx, NY 10455

(718) 292-3113

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$9,807,233

Up $2,417,682 (+33%) from 2020

Net Assets

Down

$4,864,415

Down $212,265 (-4.2%) from 2020

Liabilities

Up

$4,942,818

Up $2,629,947 (+114%) from 2020

Revenue And Expenses

Revenue

Down

$8,304,857

Down $6,829,156 (-45%) from 2020

Expenses

Down

$8,235,656

Down $3,031,182 (-27%) from 2020

Net Income

Down

$69,201

Down $3,797,974 (-98%) from 2020

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 2021: $9,807,233Liabilities 2021: $4,942,818Net Assets 2021: $4,864,4152021Assets 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

2021

Assets$9,807,233
Liabilities$4,942,818
Net Assets$4,864,415

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 2021: $8,304,857Expenses 2021: $8,235,656Net Income 2021: $69,2012021Revenue 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

2021

Revenue$8,304,857
Expenses$8,235,656
Net Income$69,201
Jump To
Filing Snapshot
Filing Period
Apr 1, 2020 to Mar 31, 2021
Signed
Jun 12, 2023
Return Version
2020v4.2
Gross Receipts
$8,304,857
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.

To enhance the quality of life in the south bronx by strengthening businesses and creating innovative economic, housing, educational and career development programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,055,139$1,913,340▼ $141,799
Accounts Receivable$358,800$1,298,960▲ $940,160
Pledges and Grants Receivable$1,046,763--
Cash and Non-Interest-Bearing Accounts$732,929$753,619▲ $20,690
Prepaid Expenses and Deferred Charges-$40,947-
Total Assets$7,389,551$9,807,233▲ $2,417,682
Other Assets Total$3,195,920$5,800,367▲ $2,604,447
Liabilities
Accounts Payable and Accrued Expenses$1,238,888$1,711,720▲ $472,832
Unsecured Notes Loans Payable-$1,363,840-
Mortgage Notes Payable Secured by Investment Property$1,072,083$891,322▼ $180,761
Deferred Revenue-$880,802-
Other Liabilities$1,900$95,134▲ $93,234
Total Liabilities$2,312,871$4,942,818▲ $2,629,947
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,076,680$4,864,415▼ $212,265
Total Net Assets Fund Balance$5,076,680$4,864,415▼ $212,265
Total Liabilities and Net Assets / Fund Balance$7,389,551$9,807,233▲ $2,417,682

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,767,526$5,587,920$7,355,446
Equipment$142,780$663,468$806,248
Leasehold Improvements$3,034$9,316$12,350
Other Assets Org$355,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lourdes ZapataPresident & CEOPT$225,219$5,595$230,814
Delilah TysonCAOPT$124,269$31$124,300
Tonia ElvinCFOPT$113,515$31$113,546

Board Members and Trustees

NameTitle
Mark L CastleBoard Chair
Arline ParksVice Chair
Jean SmithVice Chair
6 Plinio AyalaBoard Member
Cheryl MckissackBoard Member
Conor MccarthyBoard Member
Hugh GrantBoard Member
Jennifer RiveraBoard Member
Laurel BrownBoard Member
Mark WillisBoard Member
Patricia Nia RockBoard Member
Phillip Banks Jr IiiBoard Member
Prisca Salazar-rodriguezBoard Member
Simon BergsonBoard Member
Tiffani BlakeBoard Member
William Bill BollingerBoard Member
Anthony M Riccio JrSecretary
Karen McguinnessTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Ds410 LLCIt Services802 9TH AVENUE, New York, NY 10009$217,049
Ferrari Driving SchoolDriving Lessons32-32 NSTEINWAY STREET, Astoria, NY 11103$132,494
Revenue and Support

Revenue Composition

Contributions and Grants
$7,254,296
Program Service Revenue
$864,796
Investment Income
$264
Other Revenue
$185,501
All Other Contributions
$99,257
Change in Net Assets
$69,201

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,304,857
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$8,304,857
Total Revenue per Form 990
$8,304,857
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,794,412
Other Expenses$3,441,244
Total Fundraising Expense$210,559
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,854,558$754,536$90,829$3,699,923
Occupancy$740,470$179,742$11,143$931,355
Payroll Taxes$441,719$194,249$21,502$657,470
Current Officers, Directors, Trustees, and Key Employees$127,969$302,265$6,785$437,019
Insurance$224,092$132,766$12,245$369,103
Information Technology$267,632$90,360$4,513$362,505
Depreciation Depletion-$274,171-$274,171
Fees for Services Accounting$168,009$56,725$2,833$227,567
Fees for Services Legal$127,166$42,935$2,144$172,245
Fees for Services Other$123,233$41,607$2,078$166,918
All Other Expenses$88,273$19,495$1,783$109,551
Other Expenses$4,351$82,814$21,033$82,814
Advertising$16,205$3,562$328$20,095
Interest-$17,683-$17,683
Travel$14,037$3,449$114$17,600
Total Functional Expenses$5,597,707$2,427,390$210,559$8,235,656

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$8,235,656
Total Expenses per Form 990$8,235,656
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Total Expenses per Audited Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Intercompany - Credit Inc.$50,000
Security Deposit$45,134
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

The organization's bylaws were amended march 10th, 2021 to allow the creation of housing committees for the purpose of participating in one or more real estate transactions related to the development of affordable housing. These housing committees shall exercise all powers and duties of the board with respect to the housing transaction(s) for which it has been formed.

Form 990, Part VI, Section A, Line 4

The organization's bylaws were amended march 10th, 2021 to allow the creation of housing committees for the purpose of articipating in one or more real estate transactions related to the development of affordable housing. These housing committees shall exercise all powers and duties of the board with respect to the housing transaction(s) for which it has been formed.

Form 990, Part VI, Section B, Line 11B

A draft copy of the 990 is reviewed by management. Once it is filed, the 990 is then shared with the board at the next meeting of the board of directors.

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

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

Form 990, Part VI, Section C, Line 19

South bronx overall economic development corporation's financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
South Bronx Overall Economic Development
EIN
13-2736022
Phone
7182923113
Address
555 BERGEN AVENUE 3RD FLOOR, BRONX, NY 10455

Signing Officer

Name
Lourdes Zapata
Title
President & CEO
Phone
7182923113
Signed
2023-06-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lourdes Zapata
Formed
1972
Legal Domicile
Ny
Voting Board Members
18
Independent Board Members
18
Employees
366
Volunteers
18

Preparer

Firm
Sax Llp
Address
389 INTERPACE PARKWAY STE 3, PARSIPPANY, NJ 07054
Preparer
Marqus White
Phone
9734726250
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from income taxes under section 501(c)(3) of the internal revenue code and a similar provision of state law. East 188th street apt. Housing development fund corporation, jasmine court housing development corp., sobro lenox corp., and woodycrest housing development fund corp. Are all tax-exempt corporations. These entities are subject to federal income tax on any unrelated business taxable income. These entities file tax returns in the u.s. Federal jurisdiction. Management evaluated the organization's tax positions in accordance with asc 740, uncertainty for income taxes and concluded that the organization had taken no uncertain tax positions that require adjustment to the consolidated and combined financial statements to comply with the provisions of this guidance.

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IRS990/Desc0THE YOUTH DEVELOPMENT AND EDUCATION DEPARTMENT PROVIDED AFTER-SCHOOL SUMMER YOUTH EMPLOYMENT, AND OUT-OF-SCHOOL YOUTH SERVICES TO 2,100 YOUNG PEOPLE BETWEEN THE AGES OF 5 AND 24. IN-SCHOOL AND AFTER-SCHOOL PROGRAMS ASSISTED A TOTAL OF 1,040 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 OVER 700 YOUTH THROUGH OUR SYEP PROGRAM AND 179 FOR SYEP/WLH PROGRAM DURING THE WINTER. PARTICIPANTS WERE PROVIDED ACADEMIC SUPPORT, CAREER AWARENESS TRAINING, WORK SKILLS DEVELOPMENT, AND LEADERSHIP TRAINING. THE SOBRO TRANSFORMATION ACADEMY, WHICH IS A COMBINATION OF THE YOUTHBUILD PROGRAM AND YOUNG ADULT JUSTICE SCHOLARS PROGRAM, SERVES AT-RISK YOUNG ADULTS TO EARN THEIR HSE AND OBTAIN POST-SECONDARY EDUCATION/JOB PLACEMENT.
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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/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt185595
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1931
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2031
IRS990/Form990PartVIISectionAGrp/PersonNm0MARK L CASTLE
IRS990/Form990PartVIISectionAGrp/PersonNm1JEAN SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm2ARLINE PARKS
IRS990/Form990PartVIISectionAGrp/PersonNm3KAREN MCGUINNESS
IRS990/Form990PartVIISectionAGrp/PersonNm4ANTHONY M RICCIO JR
IRS990/Form990PartVIISectionAGrp/PersonNm5SIMON BERGSON
IRS990/Form990PartVIISectionAGrp/PersonNm6PHILLIP BANKS JR III
IRS990/Form990PartVIISectionAGrp/PersonNm7HUGH GRANT
IRS990/Form990PartVIISectionAGrp/PersonNm8MARK WILLIS
IRS990/Form990PartVIISectionAGrp/PersonNm96 PLINIO AYALA
IRS990/Form990PartVIISectionAGrp/PersonNm10TIFFANI BLAKE
IRS990/Form990PartVIISectionAGrp/PersonNm11WILLIAM BILL BOLLINGER
IRS990/Form990PartVIISectionAGrp/PersonNm12LAUREL BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm13CONOR MCCARTHY
IRS990/Form990PartVIISectionAGrp/PersonNm14CHERYL MCKISSACK
IRS990/Form990PartVIISectionAGrp/PersonNm15JENNIFER RIVERA
IRS990/Form990PartVIISectionAGrp/PersonNm16PATRICIA NIA ROCK
IRS990/Form990PartVIISectionAGrp/PersonNm17PRISCA SALAZAR-RODRIGUEZ
IRS990/Form990PartVIISectionAGrp/PersonNm18LOURDES ZAPATA
IRS990/Form990PartVIISectionAGrp/PersonNm19TONIA ELVIN
IRS990/Form990PartVIISectionAGrp/PersonNm20DELILAH TYSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
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/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18225219
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19113515
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20124269
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/TitleTxt0BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt19CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt20CAO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01972
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt018
IRS990/GovernmentGrantsAmt07155039
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt08304857
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt018
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt04513
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt090360
IRS990/InformationTechnologyGrp/ProgramServicesAmt0267632
IRS990/InformationTechnologyGrp/TotalAmt0362505
IRS990/InsuranceGrp/FundraisingAmt012245
IRS990/InsuranceGrp/ManagementAndGeneralAmt0132766
IRS990/InsuranceGrp/ProgramServicesAmt0224092
IRS990/InsuranceGrp/TotalAmt0369103
IRS990/InterestGrp/ManagementAndGeneralAmt017683
IRS990/InterestGrp/TotalAmt017683
IRS990/InvestmentIncomeGrp/ExclusionAmt0264
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0264
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt036
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06260704
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02055139
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01913340
IRS990/LandBldgEquipCostOrOtherBssAmt08174044
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01072083
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0891322
IRS990/NetAssetsOrFundBalancesBOYAmt05076680
IRS990/NetAssetsOrFundBalancesEOYAmt04864415
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt05076680
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04864415
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt011143
IRS990/OccupancyGrp/ManagementAndGeneralAmt0179742
IRS990/OccupancyGrp/ProgramServicesAmt0740470
IRS990/OccupancyGrp/TotalAmt0931355
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03195920
IRS990/OtherAssetsTotalGrp/EOYAmt05800367
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2MAINTENANCE
IRS990/OtherExpensesGrp/Desc3BAD DEBT
IRS990/OtherExpensesGrp/FundraisingAmt029489
IRS990/OtherExpensesGrp/FundraisingAmt13740
IRS990/OtherExpensesGrp/FundraisingAmt221033
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt070724
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt141556
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2118751
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt382814
IRS990/OtherExpensesGrp/ProgramServicesAmt0291500
IRS990/OtherExpensesGrp/ProgramServicesAmt1108493
IRS990/OtherExpensesGrp/ProgramServicesAmt24351
IRS990/OtherExpensesGrp/TotalAmt0391713
IRS990/OtherExpensesGrp/TotalAmt1153789
IRS990/OtherExpensesGrp/TotalAmt2144135
IRS990/OtherExpensesGrp/TotalAmt382814
IRS990/OtherLiabilitiesGrp/BOYAmt01900
IRS990/OtherLiabilitiesGrp/EOYAmt095134
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt0185501
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0185501
IRS990/OtherRevenueTotalAmt0185501
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt090829
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0754536
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02854558
IRS990/OtherSalariesAndWagesGrp/TotalAmt03699923
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt021502
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0194249
IRS990/PayrollTaxesGrp/ProgramServicesAmt0441719
IRS990/PayrollTaxesGrp/TotalAmt0657470
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01046763
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt040947
IRS990/PrincipalOfficerNm0LOURDES ZAPATA
IRS990/PriorPeriodAdjustmentsAmt0-281466
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0494646

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
2021Detailed filing. Detailed filing data is available for this year.$9.81$4.94$4.86$8.30$8.24$0.07
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