Civic Intelligence

Harlem Business Alliance Inc

EIN 13-3591350 • 501(c)3 • New York, NY

Profile

To facilitate the creation, sustainability and growth of local businesses with a particular emphasis on Black owned businesses by providing intensive, culturally competent and sensitive technical assistance and cutting edge workshops to our clients.

275 Lenox Avenue Ste 2nd FLNew York, NY 10027

www.hbany.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

84th percentile

0.51x

Higher debt load relative to assets than 84% of similar nonprofits.

NTEE S • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

0.42x

Higher debt load relative to revenue than 82% of similar nonprofits.

NTEE S • $500k-$1M nonprofits • Source year 2024

Net Margin

32nd percentile

-2.9%

Higher net margin than 32% of similar nonprofits.

NTEE S • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

75th percentile

$100,000

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 16.2% of source-year revenue.

NTEE S • $500k-$1M nonprofits • Source year 2024

Asset Growth

23rd percentile

-11%

Faster asset growth than 23% of similar nonprofits.

NTEE S • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

35th percentile

-2.9%

Faster revenue growth than 35% of similar nonprofits.

NTEE S • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$505,704

Down $60,549 (-11%) from 2023

Liabilities

Down

$259,147

Down $42,618 (-14%) from 2023

Net Assets

Down

$246,557

Down $17,931 (-6.8%) from 2023

Revenue

Down

$616,820

Down $18,318 (-2.9%) from 2023

Expenses

Down

$634,751

Down $197,600 (-24%) from 2023

Net Income

Up

-$17,931

Up $179,282 (+91%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2010: $316,730Liabilities 2010: $16,300Net Assets 2010: $300,4302010Assets 2011: $396,394Liabilities 2011: $3,929Net Assets 2011: $392,4652011Assets 2012: $465,725Liabilities 2012: $13,401Net Assets 2012: $452,3242012Assets 2013: $424,535Liabilities 2013: $21,094Net Assets 2013: $403,4412013Assets 2014: $455,211Liabilities 2014: $60,109Net Assets 2014: $395,1022014Assets 2015: $441,676Liabilities 2015: $14,038Net Assets 2015: $427,6382015Assets 2016: $683,548Liabilities 2016: $225,352Net Assets 2016: $458,1962016Assets 2017: $719,504Liabilities 2017: $38,078Net Assets 2017: $681,4262017Assets 2018: $557,262Liabilities 2018: $12,385Net Assets 2018: $544,8772018Assets 2019: $492,327Liabilities 2019: $15,235Net Assets 2019: $477,0922019Assets 2020: $640,516Liabilities 2020: $219,592Net Assets 2020: $420,9242020Assets 2021: $719,271Liabilities 2021: $279,895Net Assets 2021: $439,3762021Assets 2022: $757,221Liabilities 2022: $294,144Net Assets 2022: $463,0772022Assets 2023: $566,253Liabilities 2023: $301,765Net Assets 2023: $264,4882023Assets 2024: $505,704Liabilities 2024: $259,147Net Assets 2024: $246,5572024

Highlighted filing

2024

Assets$505,704
Liabilities$259,147
Net Assets$246,557

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $378,4942010Expenses 2011: $403,3412011Expenses 2012: $438,4682012Revenue 2013: $622,309Expenses 2013: $671,192Net Income 2013: -$48,8832013Revenue 2014: $565,902Expenses 2014: $574,241Net Income 2014: -$8,3392014Revenue 2015: $586,957Expenses 2015: $569,053Net Income 2015: $17,9042015Revenue 2016: $570,294Expenses 2016: $539,739Net Income 2016: $30,5552016Revenue 2017: $686,927Expenses 2017: $613,696Net Income 2017: $73,2312017Revenue 2018: $633,031Expenses 2018: $619,578Net Income 2018: $13,4532018Revenue 2019: $508,077Expenses 2019: $569,849Net Income 2019: -$61,7722019Revenue 2020: $410,647Expenses 2020: $466,814Net Income 2020: -$56,1672020Revenue 2021: $455,335Expenses 2021: $441,360Net Income 2021: $13,9752021Revenue 2022: $653,673Expenses 2022: $629,972Net Income 2022: $23,7012022Revenue 2023: $635,138Expenses 2023: $832,351Net Income 2023: -$197,2132023Revenue 2024: $616,820Expenses 2024: $634,751Net Income 2024: -$17,9312024

Highlighted filing

2024

Revenue$616,820
Expenses$634,751
Net Income-$17,931

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.06$2.59$2.47$6.17$6.35$0.18
2023Detailed filing. Detailed filing data is available for this year.$5.66$3.02$2.64$6.35$8.32$1.97
2022Detailed filing. Detailed filing data is available for this year.$7.57$2.94$4.63$6.54$6.30$0.24
2021Detailed filing. Detailed filing data is available for this year.$7.19$2.80$4.39$4.55$4.41$0.14
2020Detailed filing. Detailed filing data is available for this year.$6.41$2.20$4.21$4.11$4.67$0.56
2019Detailed filing. Detailed filing data is available for this year.$4.92$0.15$4.77$5.08$5.70$0.62
2018Detailed filing. Detailed filing data is available for this year.$5.57$0.12$5.45$6.33$6.20$0.13
2017Summary only. Only limited summary data is available for this year.$7.20$0.38$6.81$6.87$6.14$0.73
2016Detailed filing. Detailed filing data is available for this year.$6.84$2.25$4.58$5.70$5.40$0.31
2015Detailed filing. Detailed filing data is available for this year.$4.42$0.14$4.28$5.87$5.69$0.18
2014Detailed filing. Detailed filing data is available for this year.$4.55$0.60$3.95$5.66$5.74$0.08
2013Detailed filing. Detailed filing data is available for this year.$4.25$0.21$4.03$6.22$6.71$0.49
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.66$0.13$4.52$4.38
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.96$0.04$3.92$4.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.17$0.16$3.00$3.78
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$616,820
Mission and Program Overview

Mission

To facilitate the growth and sustainability of small businesses by providing intensive, culturally sensitive, technical assistance and cutting edge workshops.

Hba aims to facilitate the creation, sustainability and growth of nyc businesses, particularly focusing on black-owned businesses by providing intensive, culturally competent technical assistance, innovative business education workshops, and a business support center.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$236,850$349,045▲ $112,195
Cash and Non-Interest-Bearing Accounts$316,356$142,291▼ $174,065
Prepaid Expenses and Deferred Charges$8,997$14,368▲ $5,371
Other Notes and Loans Receivable, Net$4,050--
Total Assets$566,253$505,704▼ $60,549
Liabilities
Unsecured Notes Loans Payable$237,679$237,679→ $0
Accounts Payable and Accrued Expenses$64,086$21,468▼ $42,618
Total Liabilities$301,765$259,147▼ $42,618
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$264,488$246,557▼ $17,931
Total Net Assets Fund Balance$264,488$246,557▼ $17,931
Total Liabilities and Net Assets / Fund Balance$566,253$505,704▼ $60,549

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements-$98,687$98,687
Equipment-$88,115$88,115
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Monique HectorExecutive DirectorFT$100,000$100,000

Board Members and Trustees

NameTitle
Jason BentaChair Finance Committee
Kenneth WoodsChair Membership Committee
Walter EdwardsChairman
Larry Dais1st Vice Chair
George H Weldon Jr2nd Vice Chair Nominating Committee
Kendra WeldonMember
Ramona Grey-harrisMember
Adrianne C SmithSecretary
Mark a SamuelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$613,939
Program Service Revenue
$2,747
Investment Income
$134
Other Revenue
$0
All Other Contributions
$345,113
Change in Net Assets
$-17,931

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Commercial12$36,000Fair Market Value
Total Noncash Contributions12$36,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$616,820
Total Revenue per Audited Statements
$616,820
Total Revenue per Form 990
$616,820
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$397,105
Other Expenses$237,646
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$190,395$34,020-$224,415
Current Officers, Directors, Trustees, and Key Employees$100,000$6,600-$106,600
Occupancy$38,815$57,185-$96,000
Fees for Services Other$35,245$6,218-$41,463
Fees for Services Accounting$5,597$33,148-$38,745
Other Employee Benefits$28,682$8,505-$37,187
Payroll Taxes$24,544$4,359-$28,903
Interest-$13,332-$13,332
Information Technology$3,728$2,925-$6,653
Office Expenses$2,994$3,172-$6,166
Other Expenses$3,365$2,159-$5,524
Insurance$2,355$452-$2,807
Fees for Services Management$1,865$266-$2,131
Conferences and Meetings-$471-$471
Advertising$211$101-$312
Total Functional Expenses$449,170$185,581$0$634,751

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$634,751
Total Expenses per Audited Statements$634,751
Total Expenses per Form 990$634,751
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Walter J EdwardsChairpersonOffice RentalNo$60,000
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
Yes
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

Members or stockholder classes and rights Part VI line 6

There are four tiers of non-voting members

Member election for additional members Part VI line 7A

The directors elect the officers

Form 990 governing body review Part VI line 11

A copy of form 990 is provided to board members for any comments or changes before signing and filing

Conflict of interest policy compliance Part VI line 12C

Board members complete a disclosure questionnaire to document if there are any conflicts of interest. Any such conflicts require board approval.

CEO executive director top management comp Part VI line 15A

The process employed by the board in determining compensation of the executive director included a review of comparable data and the organizations capacity to meet its financial obligations.

Other officer or key employee compensation Part VI line 15B

The process employed by the board in determining compensation of key employees includes a review of comparable data and the organizations capacity to meet its financial obligations.

Governing documents etc available to public Part VI line 19

Governing documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Harlem Business Alliance Inc
EIN
13-3591350
In Care Of
% WALTER EDWARDS
Phone
2126657010
Address
275 LENOX AVENUE STE 2ND FL, NEW YORK, NY 10027

Signing Officer

Name
Walter Edwards
Title
President
Phone
2126657010
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Formed
1990
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
9

Preparer

Firm
DABHN Consulting Inc
Address
189-11 Suffolk Drive, Saint Albans, NY 11412
Preparer
Donna Nicholson
Phone
7185257660
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

ROUNDING DIFFERENCE $0

List of other fees for services expenses Part IX line 11G

Consultants providing technical assistance for various programs

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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/MissionDesc0HBA AIMS TO FACILITATE THE CREATION, SUSTAINABILITY AND GROWTH OF NYC BUSINESSES, PARTICULARLY FOCUSING ON BLACK-OWNED BUSINESSES BY PROVIDING INTENSIVE, CULTURALLY COMPETENT TECHNICAL ASSISTANCE, INNOVATIVE BUSINESS EDUCATION WORKSHOPS, AND A BUSINESS SUPPORT CENTER.
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IRS990/ProgSrvcAccomActy2Grp/Desc0MWBE LEADERSHIP ASSOCIATION - NYC DEPARTMENT OF SMALL BUSINESS SERVICES: HBA DELIVERED EXTENSIVE BUSINESS EDUCATION WORKSHOPS AND ONE-TO-ONE TECHNICAL ASSISTANCE, MWBE (MINORITY AND WOMEN-OWNED BUSINESS ENTERPRISE) CERTIFICATION ASSISTANCE, AND FINANCIAL EDUCATION WORKSHOPS. HBA HELPED 80 BUSINESSES TO NOT ONLY COMPETE FOR AND PERFORM ON CITY CONTRACTS, BUT TO GROW THEIR BUSINESSES AS WELL. 12 OF THOSE BUSINESSES BECAME CERTIFIED. HBA PROVIDED OVER 307 HOURS OF TECHNICAL ASSISTANCE TO OVER 30 ENTREPRENEURS AND SMALL BUSINESSES VIA ONE-ON-ONE COUNSELING AND TECHNICAL ASSISTANCE ON STARTING A BUSINESS, DISCUSSING THE ELEMENTS OF A BUSINESS PLAN, ADVISING ON MARKETING AND BUSINESS PLAN STRATEGIES AND OTHER RELEVANT TOPICS. HBA ALSO HOSTED NETWORKING EVENTS, POP UP EXPERIENCES FOR PRODUCT-BASED BUSINESSES, AND CONNECTED BUSINESSES TO PARTNERING ORGANIZATIONS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0TDX/MTA - IN CONJUNCTION WITH TDX CONSTRUCTION CORPORATION AND THE NYC METROPOLITAN TRANSPORTATION AUTHORITY(MTA) SMALL BUSINESS DEVELOPMENT PROGRAM (SBDP), HBA ADDRESSES THE NEEDS AND LONG-TERM SUSTAINABILITY OF SMALL GROWTH POTENTIAL ENTREPRENEURS BY PROVIDING BUSINESS MANAGEMENT SUPPORT, USING A TRAINING WHILE DOING APPROACH, TO MINORITY AND WOMEN OWNED FIRMS THAT HAVE A VISION TO SUCCEED, THE AMBITION TO TRY, AND THE NEED FOR HANDS ON ASSISTANCE. HBA ASSISTED OVER 150 BUSINESSES.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0THROUGH COMMUNITIES OF COLOR NONPROFIT STABILIZATION FUND (CCNSF)SUPPORT, HBA ADVANCED CULTURALLY RESPONSIVE PROGRAMMING TAILORED TO THE NEEDS OF BLACK ENTREPRENEURS IN NEW YORK CITY. THE ORGANIZATION CONDUCTED COMPREHENSIVE RESEARCH INVOLVING 30+ SURVEY PARTICIPANTS AND 2 STAKEHOLDERS TO INFORM EQUITY-CENTERED RECOMMENDATIONS. FINDINGS WERE USED TO DESIGN NEW PROGRAM MODELS THAT STRENGTHENED ENGAGEMENT AND ACCESSIBILITY FOR BLACK-OWNED BUSINESSES ACROSS ALL STAGES OF DEVELOPMENT.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1DYCD - WITH FUNDING SUPPORT FROM THE DEPARTMENT OF YOUTH AND COMMUNITY DEVELOPMENT, HBA SUCCESSFULLY DELIVERED INTENSIVE BUSINESS EDUCATION WORKSHOPS AND ONE-ON-ONE ASSISTANCE TO RESIDENTS OF HARLEM EAGER TO ACQUIRE SKILLS IN BUSINESS PLAN DEVELOPMENT, CUSTOMER MARKETING, AND FINANCIAL STATEMENT MANAGEMENT. MORE THAN 50 ENTREPRENEURS PARTICIPATED IN EITHER IN-PERSON OR VIRTUAL WORKSHOPS. AFTER COMPLETION, ENTREPRENEURS PRESENTED THEIR BUSINESS CONCEPTS TO A PANEL OF JUDGES FOR A CHANCE TO SECURE SEED FUNDING AND CO-WORKING SPACE PROVIDED BY HBA. AS A RESULT, THESE BUSINESSES HAVE SINCE CRAFTED ROBUST BUSINESS PLANS AND IMPLEMENTED GROWTH STRATEGIES.
IRS990/ProgSrvcAccomActyOtherGrp/Desc2HBA PARTNERED WITH VERIZON TO EXPAND ACCESS TO THE SMALL BUSINESS DIGITAL READY PLATFORM, CONDUCTING 3 WORKSHOPS AND OUTREACH SESSIONS THAT REACHED 150 BUSIENSS OWNERS. PARTICIPANTS GAINED PRACTICAL DIGITAL SKILLS IN E-COMMERCE, SOCIAL MEDIA MARKETING, AND ONLINE OPERATIONS. OVER 150 LOCAL ENTREPRENEURS ENROLLED IN VERIZONS ONLINE COURSES, ENHANCING THEIR ABILITY TO COMPETE IN AN INCREASINGLY DIGITAL ECONOMY.
IRS990/ProgSrvcAccomActyOtherGrp/Desc3HBA SUCCESSFULLY IMPLEMENTED TAILORED TRACKS FOR BOTH NEW AND GROWING BUSINESSES, ENGAGING OVER 120 ENTREPRENEURS THROUGH 10 EXPERT-LED WORKSHOPS FOCUSED ON BUSINESS PLANNING, MARKET STRATEGY, AND ADVANCED GROWTH TECHNIQUES. PARTICIPANTS RECEIVED INDIVIDUALIZED MENTORSHIP, ACCESS TO PEER NETWORKS, AND RETAIL OPPORTUNITIES THROUGH HBAS STOREFRONT INITIATIVE. AS A RESULT, 75% OF PARTICIPANTS REPORTED INCREASED REVENUE, AND 20 BUSINESSES EXPANDED OPERATIONS OR LAUNCHED NEW PRODUCTS WITHIN SIX MONTHS OF COMPLETION.
IRS990/ProgSrvcAccomActyOtherGrp/Desc4THROUGH THE LOCAL INITIATIVES SUPPORT CORPORATION (LISC) GRANT, HBA DELIVERED ONE-ON-ONE BUSINESS COUNSELING AND TRAINING TO 40 SMALL BUSINESS OWNERS ACROSS NEW YORK CITY, PRIORITIZING WOMEN -AND MINORITY-OWNED ENTERPRISES IN COMMUNITIES HEAVILY AFFECTED BY COVID-19. SUPPORTED BUSINESS PLAN DEVELOPMENT, CREDIT BUILDING, AND LOAN READINESS. DURING THE CONSULTATION SESSIONS, ENTREPRENEURS ARTICULATED THE CHALLENGES THEY FACED IN THEIR BUSINESSES. CONSULTANTS RESPONDED BY DRAWING UP INITIAL PLANS AND PROVIDING ADVICE TAILORED TO ADDRESS THESE SPECIFIC NEEDS. OUT OF THE 40 PARTICIPANTS WHO RECEIVED ONE-ON-ONE TECHNICAL ASSISTANCE, MANY ENCOUNTERED SIMILAR CHALLENGES. LEVERAGING THEIR EXPERTISE, THE CONSULTANTS DELIVERED IN-DEPTH MARKETING PLANS, FINANCIAL ADVICE, BRAND IDENTITY SUGGESTIONS, AND SOLUTIONS TO OTHER BUSINESS NEEDS.
IRS990/ProgSrvcAccomActyOtherGrp/Desc5M&T BANK - MONEY MOVES INCUBATOR: THE MONEY MOVES INCUBATOR EMPOWERED 60 BLACK-OWNED NYC STARTUPS BY PROVIDING FINANCIAL EDUCATION, PEER ACCOUNTABILITY, AND ACCESS TO GROWTH CAPITAL. OVER 15 INTENSIVE SESSIONS, PARTICIPANTS DEVELOPED TAILORED FINANCIAL AND BUSINESS STRATEGIES RESULTING IN $300,000 IN COMBINED CAPITAL ACCESSED AND 40% OF BUSINESSES ACHIEVING MEASURABLE GROWTH WITHIN THE FIRST YEAR. THE INCUBATOR CREATED A STRONG COMMUNITY OF ENTREPRENEURS COMMITTED TO LONG-TERM WEALTH-BUILDING AND COLLABORATION.
IRS990/ProgSrvcAccomActyOtherGrp/Desc6CREATIVE WORKSPACE (CW): THIS SPACE FUNCTIONS AS A CO-WORKING SPACE FOR ENTREPRENEURS AS WELL AS A SPACE FOR HBAS WORKSHOPS AND BUSINESS CONSULTATIONS WITH HBA SPECIALISTS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE FOUR TIERS OF NON-VOTING MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DIRECTORS ELECT THE OFFICERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF FORM 990 IS PROVIDED TO BOARD MEMBERS FOR ANY COMMENTS OR CHANGES BEFORE SIGNING AND FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS COMPLETE A DISCLOSURE QUESTIONNAIRE TO DOCUMENT IF THERE ARE ANY CONFLICTS OF INTEREST. ANY SUCH CONFLICTS REQUIRE BOARD APPROVAL.

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