Civic Intelligence

Bronx Overall Economic Development Corporation

990 • Fiscal year 2013 • EIN 13-3079387

Jul 01, 2012 to Jun 30, 2013 • Filed on Feb 04, 2013

Organization Profilewww.BXEDC.org
851 Grand ConcourseSuite 123Bronx, NY 10451-2937
Siviq Scores

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

Liabilities / Assets

18th percentile

0.03x

Higher debt load relative to assets than 18% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Liabilities / Revenue

59th percentile

0.46x

Higher debt load relative to revenue than 59% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Net Margin

7th percentile

-28%

Higher net margin than 7% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

22nd percentile

-1.7%

Faster asset growth than 22% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2012 to 2013

Revenue Growth

20th percentile

-6.8%

Faster revenue growth than 20% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2012 to 2013

Balance Sheet
Liabilities / Assets18th percentile

Assets

Down

$29,088,845

Down $508,553 (-1.7%) from 2012

Net Assets

Down

$28,133,784

Down $693,920 (-2.4%) from 2012

Liabilities

Up

$955,061

Up $185,367 (+24%) from 2012

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin7th percentile

Revenue

Down

$2,071,062

Down $151,692 (-6.8%) from 2012

Expenses

Down

$2,651,812

Down $872,005 (-25%) from 2012

Net Income

Up

-$580,750

Up $720,313 (+55%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

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

$40M$30M$20M$10M$0Assets 2011: $30,774,036Liabilities 2011: $902,200Net Assets 2011: $29,871,8362011Assets 2012: $29,597,398Liabilities 2012: $769,694Net Assets 2012: $28,827,7042012Assets 2013: $29,088,845Liabilities 2013: $955,061Net Assets 2013: $28,133,7842013Assets 2014: $29,276,622Liabilities 2014: $843,187Net Assets 2014: $28,433,4352014Assets 2015: $28,479,735Liabilities 2015: $1,232,915Net Assets 2015: $27,246,8202015Assets 2016: $28,069,354Liabilities 2016: $1,263,860Net Assets 2016: $26,805,4942016Assets 2017: $28,235,573Liabilities 2017: $1,586,033Net Assets 2017: $26,649,5402017Assets 2018: $28,381,951Liabilities 2018: $2,077,067Net Assets 2018: $26,304,8842018Assets 2019: $27,986,207Liabilities 2019: $1,536,721Net Assets 2019: $26,449,4862019Assets 2020: $28,320,847Liabilities 2020: $1,423,195Net Assets 2020: $26,897,6522020Assets 2021: $27,862,417Liabilities 2021: $893,924Net Assets 2021: $26,968,4932021Assets 2022: $26,821,106Liabilities 2022: $240,883Net Assets 2022: $26,580,2232022Assets 2023: $26,832,621Liabilities 2023: $340,633Net Assets 2023: $26,491,9882023Assets 2024: $26,267,663Liabilities 2024: $490,089Net Assets 2024: $25,777,5742024

Highlighted filing

2013

Assets$29,088,845
Liabilities$955,061
Net Assets$28,133,784
Open 2013 Filing

Operations Trend

Revenue Growth20th percentile

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

$4.0M$2.0M$0-$2.0MRevenue 2011: $3,441,298Expenses 2011: $2,881,587Net Income 2011: $559,7112011Revenue 2012: $2,222,754Expenses 2012: $3,523,817Net Income 2012: -$1,301,0632012Revenue 2013: $2,071,062Expenses 2013: $2,651,812Net Income 2013: -$580,7502013Revenue 2014: $1,906,070Expenses 2014: $1,812,863Net Income 2014: $93,2072014Revenue 2015: $1,805,560Expenses 2015: $2,037,757Net Income 2015: -$232,1972015Revenue 2016: $1,649,365Expenses 2016: $2,090,691Net Income 2016: -$441,3262016Revenue 2017: $1,241,392Expenses 2017: $1,980,222Net Income 2017: -$738,8302017Revenue 2018: $1,998,595Expenses 2018: $2,372,802Net Income 2018: -$374,2072018Revenue 2019: $1,890,018Expenses 2019: $1,940,317Net Income 2019: -$50,2992019Revenue 2020: $2,023,010Expenses 2020: $1,747,993Net Income 2020: $275,0172020Revenue 2021: $2,319,012Expenses 2021: $1,837,808Net Income 2021: $481,2042021Revenue 2022: $1,376,717Expenses 2022: $1,748,198Net Income 2022: -$371,4812022Revenue 2023: $1,719,593Expenses 2023: $2,193,454Net Income 2023: -$473,8612023Revenue 2024: $2,816,534Expenses 2024: $3,836,460Net Income 2024: -$1,019,9262024

Highlighted filing

2013

Revenue$2,071,062
Expenses$2,651,812
Net Income-$580,750
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Feb 4, 2013
Return Version
2012v2.3
Gross Receipts
$2,262,864
Mission and Program Overview

Mission

Bronx overall economic development corporation (the "corporation") is a new york nonprofit organization, organized in 1981. The corporation was established to promote economic growth in the bronx, new york by providing loans and grants to businesses located in the bronx, consulting services to present and future companies, and on-the-job training. The corporation is funded primarily through governmental and foundation grants and contributions.

Major Activities

Activity 2
Empowerment zone - The empowerment zone program includes the operation of two loan programs for qualified Bronx Empowerment Zone companies. The Corporation is the administrator of the Bronx portion of the New York City Empowerment Zone. This program is a part of the President's Empowerment Zone and Enterprise Community Initiative. The goals of the program within the Bronx are economic development, sustainable community development, the development, of community-based partnerships and the development of a strategic vision of change. The Empowerment Zone programs offer loans at low interest rates and long repayment terms in exchange for the borrower's commitment to hire Bronx Empowerment Zone residents. The partners in this enterprise and the entities funding the program are the City of New York, the New York State Urban Development Corporation (doing business as the Empire State Development Corporation) ("ESDC") and the United States Department of Housing and Urban Development. Fundamental to achieving the program goal is to create permanent jobs by means of business development within the target zones.
Activity 3
Economic Development - Under this program, the Corporation performs research and analysis regarding current economic developments, marketing and promotion of the Bronx through various media, provides real estate assistance to Bronx businesses that are expanding as well as to those businesses that are interested in moving into the Bronx; offers financial services information and assistance to Bronx businesses, provides technical commercial revitalization assistance to Bronx businesses as well as entrepreneurial assessment and technical assistance in developing a profitable business. The program is funded predominantly by the City of New York through the Office of the Borough President of the Bronx.
Filing and Contact Details

Filer

EIN
13-3079387
Raw XML AppendixShowing 400 of 756 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/MissionDescription0THE MISSION OF BOEDC IS TO ASSIST EXISTING BRONX BASED BUSINESSES TO EXPAND AND TO ENCOURAGE ADDITIONAL BUSINESSES TO START-UP IN OR RELOCATE TO BRONX COUNTY. IN FULFILLING THIS MISSION BOEDC SEEKS TO MAXIMIZE EMPLOYMENT OPPORTUNITIES FOR BRONX RESIDENTS. BOEDC PROVIDES A WIDE ARRAY OF PROGRAMS AND SERVICES TO ITS CLIENTS, INCLUDING SITE SELECTION; SPECIAL PROJECTS; PROCUREMENT ASSISTANCE; LIASON SERVICES WITH GOVERNMENT AGENCIES; INFORMATION DISSEMINATION; JOB DEVELOPMENT AND CAPACITY BUILDING.
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IRS990/OfficeExpenses/Fundraising07829
IRS990/OfficeExpenses/ManagementAndGeneral011359
IRS990/OfficeExpenses/ProgramServices079674
IRS990/OfficeExpenses/Total098862
IRS990/OfficerEntityWithBsnssRltnshp0false
IRS990/OfficerMailingAddress0false
IRS990/Organization501c30X
IRS990/OtherAssetsTotal/BOY0120000
IRS990/OtherAssetsTotal/EOY05992
IRS990/OtherEmployeeBenefits/Fundraising04601
IRS990/OtherEmployeeBenefits/ManagementAndGeneral020552
IRS990/OtherEmployeeBenefits/ProgramServices0144097
IRS990/OtherEmployeeBenefits/Total0169250
IRS990/OtherExpensePriorYear01114240
IRS990/OtherExpensesCurrentYear0837086
IRS990/OtherExpenses/Description0SUMMER CONCERT SERIES
IRS990/OtherExpenses/Description1BRONX EVENTS
IRS990/OtherExpenses/Description2EQUIPMENT RENTAL
IRS990/OtherExpenses/Description3LOAN SERVICE FEES
IRS990/OtherExpenses/Fundraising09811
IRS990/OtherExpenses/ManagementAndGeneral03309
IRS990/OtherExpenses/ProgramServices0101759
IRS990/OtherExpenses/ProgramServices1193393
IRS990/OtherExpenses/ProgramServices234798
IRS990/OtherExpenses/ProgramServices339380
IRS990/OtherExpenses/Total0101759
IRS990/OtherExpenses/Total1203204
IRS990/OtherExpenses/Total238107
IRS990/OtherExpenses/Total339380
IRS990/OtherLiabilities/BOY0104486
IRS990/OtherLiabilities/EOY0140726
IRS990/OtherNotesLoansReceivableNet/BOY010014715
IRS990/OtherNotesLoansReceivableNet/EOY09114293
IRS990/OtherRevenueCurrentYear015730
IRS990/OtherRevenueMisc/BusinessCode0900099
IRS990/OtherRevenueMisc/Description0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMisc/RelatedOrExemptFunctionIncome015730
IRS990/OtherRevenueMisc/TotalRevenueColumn015730
IRS990/OtherRevenuePriorYear00
IRS990/OtherSalariesAndWages/Fundraising015761
IRS990/OtherSalariesAndWages/ManagementAndGeneral0148384
IRS990/OtherSalariesAndWages/ProgramServices0487999
IRS990/OtherSalariesAndWages/Total0652144
IRS990/PartialLiquidation0false
IRS990/PaymentsToAffiliates/Total00
IRS990/PayrollTaxes/Fundraising01970
IRS990/PayrollTaxes/ManagementAndGeneral08798
IRS990/PayrollTaxes/ProgramServices061681
IRS990/PayrollTaxes/Total072449
IRS990/PensionPlanContributions/Total00
IRS990/PermanentlyRestrictedNetAssets/BOY00
IRS990/PermanentlyRestrictedNetAssets/EOY00
IRS990/PledgesAndGrantsReceivable/BOY0114424
IRS990/PledgesAndGrantsReceivable/EOY0306020
IRS990/PoliticalActivities0false
IRS990/PremiumsPaid0false
IRS990/PrepaidExpensesDeferredCharges/BOY09225
IRS990/PrepaidExpensesDeferredCharges/EOY010058
IRS990/PriorExcessBenefitTransaction0false
IRS990/ProfessionalFundraising0false
IRS990/ProgramServiceRevenue/BusinessCode0900099
IRS990/ProgramServiceRevenue/BusinessCode1900099
IRS990/ProgramServiceRevenue/BusinessCode2900099
IRS990/ProgramServiceRevenueCY01289064
IRS990/ProgramServiceRevenue/Description0INTEREST INCOME - LOANS
IRS990/ProgramServiceRevenue/Description1LOAN FEES
IRS990/ProgramServiceRevenue/Description2PROGRAM INCOME FROM GOVERNMENTAL SOURCES
IRS990/ProgramServiceRevenuePriorYear0409343
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome0393629
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome17043
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome2888392
IRS990/ProgramServiceRevenue/TotalRevenueColumn0393629

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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$29,088,845
Liabilities
$955,061
Net assets
$28,133,784
Revenue
$2,071,062
Expenses
$2,651,812
Net income
-$580,750
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$26.3$0.49$25.8$2.82$3.84$1.02
2023Detailed filing. Detailed filing data is available for this year.$26.8$0.34$26.5$1.72$2.19$0.47
2022Detailed filing. Detailed filing data is available for this year.$26.8$0.24$26.6$1.38$1.75$0.37
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.9$0.89$27.0$2.32$1.84$0.48
2020Detailed filing. Detailed filing data is available for this year.$28.3$1.42$26.9$2.02$1.75$0.28
2019Detailed filing. Detailed filing data is available for this year.$28.0$1.54$26.4$1.89$1.94$0.05
2018Detailed filing. Detailed filing data is available for this year.$28.4$2.08$26.3$2.00$2.37$0.37
2017Detailed filing. Detailed filing data is available for this year.$28.2$1.59$26.6$1.24$1.98$0.74
2016Detailed filing. Detailed filing data is available for this year.$28.1$1.26$26.8$1.65$2.09$0.44
2015Detailed filing. Detailed filing data is available for this year.$28.5$1.23$27.2$1.81$2.04$0.23
2014Detailed filing. Detailed filing data is available for this year.$29.3$0.84$28.4$1.91$1.81$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.1$0.96$28.1$2.07$2.65$0.58
2012Summary only. Only limited summary data is available for this year.$29.6$0.77$28.8$2.22$3.52$1.30
2011Summary only. Only limited summary data is available for this year.$30.8$0.90$29.9$3.44$2.88$0.56