Civic Intelligence

Bronx Overall Economic Development Corporation

990 • Fiscal year 2018 • EIN 13-3079387

Jul 01, 2017 to Jun 30, 2018 • Filed on Dec 31, 2018

Organization Profilewww.BOEDC.com
851 Grand Concourse Room 123Bronx, NY 10451-2937

(719) 590-6201

Siviq Scores

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

Liabilities / Assets

28th percentile

0.07x

Higher debt load relative to assets than 28% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

78th percentile

1.04x

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

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

9th percentile

-19%

Higher net margin than 9% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

40th percentile

0.5%

Faster asset growth than 40% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

91st percentile

61%

Faster revenue growth than 91% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets28th percentile

Assets

Flat

$28,381,951

Flat from 2018

Net Assets

Flat

$26,304,884

Flat from 2018

Liabilities

Flat

$2,077,067

Flat from 2018

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin9th percentile

Revenue

Flat

$1,998,595

Flat from 2018

Expenses

Flat

$2,372,802

Flat from 2018

Net Income

Flat

-$374,207

Flat from 2018

Historical Trend

Balance Sheet Trend

Asset Growth40th 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 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

2018

Assets$28,381,951
Liabilities$2,077,067
Net Assets$26,304,884
Open 2018 Filing

Operations Trend

Revenue Growth91st 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 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

2018

Revenue$1,998,595
Expenses$2,372,802
Net Income-$374,207
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 31, 2018
Return Version
2017v2.3
Gross Receipts
$2,717,188
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.

Assist bronx Businesss to expand and encourage start-up in or relocation to Bronx County.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$12,365,315$11,793,603▼ $571,712
Investments in Publicly Traded Securities$11,323,620$11,343,843▲ $20,223
Other Notes and Loans Receivable, Net$3,171,445$2,735,357▼ $436,088
Pledges and Grants Receivable$731,212$1,644,100▲ $912,888
Cash and Non-Interest-Bearing Accounts$406,051$606,425▲ $200,374
Land, Buildings, and Equipment, Net$174,793$142,860▼ $31,933
Accounts Receivable$50,752$101,785▲ $51,033
Prepaid Expenses and Deferred Charges$12,385$12,978▲ $593
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$28,235,573$28,381,951▲ $146,378
Other Assets Total$0$1,000▲ $1,000
Liabilities
Accounts Payable and Accrued Expenses$497,166$814,759▲ $317,593
Other Liabilities$544,240$680,422▲ $136,182
Deferred Revenue$357,271$378,530▲ $21,259
Mortgage Notes Payable Secured by Investment Property$187,356$203,356▲ $16,000
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,586,033$2,077,067▲ $491,034
Net Assets / Fund Balance
Temporarily Rstr Net Assets$22,978,682$22,384,179▼ $594,503
Unrestricted Net Assets$3,670,858$3,920,705▲ $249,847
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$26,649,540$26,304,884▼ $344,656
Total Liabilities and Net Assets / Fund Balance$28,235,573$28,381,951▲ $146,378

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$35,860$175,001$210,861
Land$107,000-$107,000
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Marlene CintronPresidentFT$117,637$15,097$132,734

Board Members and Trustees

NameTitle
Stephen B KaufmanChairman
Kathy ZamechanskyVice Chair
Jose PerezBoard member
Michael L SchwartzBoard Member
Sabah RajputBoard Member
Benjamin AranaSecretary
Clarence Stanley jrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,956,442
Program Service Revenue
$36,893
Investment Income
$-2,874
Other Revenue
$8,134
All Other Contributions
$553,005
Change in Net Assets
$-374,207

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,998,595
Revenue Not Reported on Form 990
$414,436
Total Revenue per Audited Statements
$2,413,031
Total Revenue per Form 990
$1,998,595
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,220,161
Salaries, Compensation, and Employee Benefits$1,132,641
Total Fundraising Expense$65,814
Grants and Similar Amounts Paid$20,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$505,883$117,426$11,595$634,904
Other Expenses$359,318$9,053$31,718$400,089
Current Officers, Directors, Trustees, and Key Employees$303,238$70,388$6,950$380,576
Fees for Services Other$248,965$1,424$5,240$255,629
Other Employee Benefits$57,299$13,300$1,314$71,913
Office Expenses$66,400$1,675$1,369$69,444
Payroll Taxes$36,053$8,369$826$45,248
Advertising$14,168$30,247-$44,415
Fees for Services Legal$40,290$230$848$41,368
Fees for Services Accounting$38,227$219$805$39,251
Depreciation Depletion$36,172--$36,172
Insurance$28,596-$2,230$30,826
Occupancy$29,270$22-$29,292
Grants to Domestic Orgs$20,000--$20,000
Travel$15,084$142$1,551$16,777
Conferences and Meetings$13,310$125$1,368$14,803
Total Functional Expenses$2,054,368$252,620$65,814$2,372,802

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,757,687
Expenses per Audited Statements$2,372,802
Total Expenses per Form 990$2,372,802
Expenses Not Reported on Form 990$384,885
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$106,821
Fundraising Gross Income$106,821
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Bronx Ball$491,369$384,548-$384,548
Total Events$491,369$384,548$106,821$277,727
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Bic$364,827
Due to Funder$315,595
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 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
Yes
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 11B

“The Draft of the Form 990 will be provided to the executive committee for their review and approval. A final copy will be distributed to the full board prior to filing the form 990.”

FORM 990, PART VI, Section B, LINE 12C

“The policy is reviewed and signed by the board members at the annual board meeting. If a conflict were to arise, the member would have to recuse themselves from participating in any discussion or voting on the matter.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Form 990, Part VI, Section B, Line 15

“A budget is prepared by the fiscal department, which includes the executive director's and officers' compensation, and is ultimately approved by the Board of Directors.”

Filing and Contact Details

Filer

Filer Name
Bronx Overall Economic Development
EIN
13-3079387
In Care Of
% MARLENE CINTRON
Phone
7195906201
Address
851 GRAND CONCOURSE ROOM 123, BRONX, NY 10451-2937

Signing Officer

Name
Marlene Cintron
Title
President
Phone
7185906201
Signed
2018-12-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marlene Cintron
Formed
1981
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
7
Employees
12
Volunteers
12

Preparer

Firm
WithumSmithBrown PC
Address
ONE TOWER CENTER BLVD 14TH FL, EAST BRUNSWICK, NJ 08816
Preparer
Catherine Bendall
Phone
7328281614
Supplemental Narrative

Additional Explanations

Form 990 Part IX Line 11G

“Description:consultants/professional fees total fees:255629”

Financial Statement Notes

Form 990, Schedule D, Part XI, Line 2D

“Special Event Expenses: $106,821 netted against income for the presentation in Form 990 in accordance with the IRS instructions.”

Form 990, Schedule D, Part X, Line 2

“The Corporation is exempt from Federal income taxes pursuant to the provisions of Section 501(c)(3) of the Internal Revenue Code and from New York State income taxes under applicable state law. Accordingly, no provision for Federal or state income taxes has been recorded in the statements of activities. Management has determined that there are no uncertain tax positions at the Corporation as of June 30, 2018 and 2017. In addition, the Corporation has no income tax related penalties or interest for the periods reported in these financial statements.”

Form 990, Schedule D, Part XII, Line 2D

“Special Event Expenses: $106,821 has been netted against income for the presentation in Form 990 in accordance with the IRS instructions.”

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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/FundraisingGrossIncomeAmt0106821
IRS990/GainOrLossGrp/SecuritiesAmt0-111772
IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt01018889
IRS990/GrantAmt020000
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt020000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt020000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0500000
IRS990/GrossReceiptsAmt02717188
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/FundraisingAmt02230
IRS990/InsuranceGrp/ProgramServicesAmt028596
IRS990/InsuranceGrp/TotalAmt030826
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0108898
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0108898
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt011323620
IRS990/InvestmentsPubTradedSecGrp/EOYAmt011343843
IRS990/IRPDocumentCnt047
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0175001
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0174793
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0142860
IRS990/LandBldgEquipCostOrOtherBssAmt0317861
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0611772
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0187356
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0203356
IRS990/NetAssetsOrFundBalancesBOYAmt026649540
IRS990/NetAssetsOrFundBalancesEOYAmt026304884
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-111772
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt029551
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt022
IRS990/OccupancyGrp/ProgramServicesAmt029270
IRS990/OccupancyGrp/TotalAmt029292
IRS990/OfficeExpensesGrp/FundraisingAmt01369
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01675
IRS990/OfficeExpensesGrp/ProgramServicesAmt066400
IRS990/OfficeExpensesGrp/TotalAmt069444
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt01000
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01314
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt013300
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt057299
IRS990/OtherEmployeeBenefitsGrp/TotalAmt071913
IRS990/OtherExpensesGrp/Desc0BAD DEBT
IRS990/OtherExpensesGrp/Desc1BRONX EVENTS
IRS990/OtherExpensesGrp/FundraisingAmt031718
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09053
IRS990/OtherExpensesGrp/ProgramServicesAmt0242095
IRS990/OtherExpensesGrp/ProgramServicesAmt1359318
IRS990/OtherExpensesGrp/TotalAmt0242095
IRS990/OtherExpensesGrp/TotalAmt1400089
IRS990/OtherLiabilitiesGrp/BOYAmt0544240
IRS990/OtherLiabilitiesGrp/EOYAmt0680422
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt08134
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt08134
IRS990/OtherRevenueTotalAmt08134
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt011595
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0117426
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0505883
IRS990/OtherSalariesAndWagesGrp/TotalAmt0634904
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt03171445
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02735357
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0826
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08369
IRS990/PayrollTaxesGrp/ProgramServicesAmt036053
IRS990/PayrollTaxesGrp/TotalAmt045248
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0731212
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01644100
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012385
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012978
IRS990/PrincipalOfficerNm0Marlene Cintron
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST INCOME - LOANS
IRS990/ProgramServiceRevenueGrp/Desc1LOAN FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt035787
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11106
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt035787
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11106
IRS990/ProgSrvcAccomActy2Grp/Desc0Empowerment 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.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0709324
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt045027
IRS990/ProgSrvcAccomActy3Grp/Desc0Economic 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.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0871386
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0965910
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt090626
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01252882
IRS990/PYOtherRevenueAmt07589
IRS990/PYProgramServiceRevenueAmt0177267
IRS990/PYRevenuesLessExpensesAmt0-738830
IRS990/PYSalariesCompEmpBnftPaidAmt0727340
IRS990/PYTotalExpensesAmt01980222
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01241392
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-374207
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt012365315
IRS990/SavingsAndTempCashInvstGrp/EOYAmt011793603
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01956442
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0965910
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01386498
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01447174
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01269592
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07025616
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt0278064
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt0278064
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt0278064
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt0312822
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt0243337
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt01390351
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0108898
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt080628
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0143223
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0154226
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0228388
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0715363
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01217778
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt08134
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt07569
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt046125
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt02360
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt064188
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.89183
IRS990ScheduleA/PublicSupportPY170Pct00.79100
IRS990ScheduleA/PublicSupportTotal170Amt08200850
IRS990ScheduleA/SubstantialContributorsTotAmt0215117
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02234506
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01243974
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01664562

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$28,381,951
Liabilities
$2,077,067
Net assets
$26,304,884
Revenue
$1,998,595
Expenses
$2,372,802
Net income
-$374,207
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
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