Civic Intelligence

Credit Inc

EIN 13-3790222 • 501(c)3 • Bronx, NY

Profile

Credit inc's primary function is to facilitate capital and financial services for organizations, minority and female entrepreneurs and other businesses that, due to their location in a distressed or low-income community, are not adequately served by mainstream financial institutions, thereby enabling them to succed and thrive.

555 Bergen Avenue 3rd FloorBronx, NY 10455

www.sobro.org

Siviq Scores

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

Liabilities / Assets

95th percentile

1.33x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2023

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2023

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

52nd percentile

-0.3%

Faster asset growth than 52% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

3rd percentile

-100%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$78,931

Down $240 (-0.3%) from 2022

Liabilities

Up

$104,849

Up $42,244 (+67%) from 2022

Net Assets

Down

-$25,918

Down $42,484 (-256%) from 2022

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Down

$0

Down $25,000 (-100%) from 2022

Expenses

Down

$42,485

Down $25,884 (-38%) from 2022

Net Income

Up

-$42,485

Up $884 (+2.0%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth52nd percentile

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

$150K$100K$50K$0-$50KAssets 2010: $60,625Liabilities 2010: $65,216Net Assets 2010: -$4,5912010Assets 2012: $64,351Liabilities 2012: $67,884Net Assets 2012: -$3,5332012Assets 2013: $105,860Liabilities 2013: $91,2142013Assets 2015: $141,227Liabilities 2015: $106,127Net Assets 2015: $35,1002015Assets 2016: $118,404Liabilities 2016: $64,682Net Assets 2016: $53,7222016Assets 2017: $113,385Liabilities 2017: $41,402Net Assets 2017: $71,9832017Assets 2018: $96,238Liabilities 2018: $58,943Net Assets 2018: $37,2952018Assets 2019: $41,060Liabilities 2019: $50,943Net Assets 2019: -$9,8832019Assets 2020: $24,200Liabilities 2020: $50,400Net Assets 2020: -$26,2002020Assets 2021: $71,247Liabilities 2021: $11,312Net Assets 2021: $59,9352021Assets 2022: $79,171Liabilities 2022: $62,605Net Assets 2022: $16,5662022Assets 2023: $78,931Liabilities 2023: $104,849Net Assets 2023: -$25,9182023

Highlighted filing

2023

Assets$78,931
Liabilities$104,849
Net Assets-$25,918
Open 2023 Filing

Operations Trend

Revenue Growth3rd percentile

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

$150K$100K$50K$0-$50KRevenue 2010: $2,302Expenses 2010: $7,044Net Income 2010: -$4,7422010Revenue 2012: $34,393Expenses 2012: $33,340Net Income 2012: $1,0532012Revenue 2013: $33,057Expenses 2013: $14,878Net Income 2013: $18,1792013Revenue 2015: $100,940Expenses 2015: $77,874Net Income 2015: $23,0662015Revenue 2016: $93,774Expenses 2016: $75,152Net Income 2016: $18,6222016Revenue 2017: $82,602Expenses 2017: $64,341Net Income 2017: $18,2612017Revenue 2018: $48,954Expenses 2018: $40,121Net Income 2018: $8,8332018Revenue 2019: $54,200Expenses 2019: $101,378Net Income 2019: -$47,1782019Revenue 2020: $0Expenses 2020: $8,798Net Income 2020: -$8,7982020Revenue 2021: $50,000Expenses 2021: $12,669Net Income 2021: $37,3312021Revenue 2022: $25,000Expenses 2022: $68,369Net Income 2022: -$43,3692022Revenue 2023: $0Expenses 2023: $42,485Net Income 2023: -$42,4852023

Highlighted filing

2023

Revenue$0
Expenses$42,485
Net Income-$42,485
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$78,931
Liabilities
$104,849
Net assets
-$25,918
Revenue
$0
Expenses
$42,485
Net income
-$42,485
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.79$1.05$0.26$0.00$0.42$0.42
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.63$0.17$0.25$0.68$0.43
2021Detailed filing. Detailed filing data is available for this year.$0.71$0.11$0.60$0.50$0.13$0.37
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.24$0.50$0.26$0.00$0.09$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.41$0.51$0.10$0.54$1.01$0.47
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.96$0.59$0.37$0.49$0.40$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.13$0.41$0.72$0.83$0.64$0.18
2016Detailed filing. Detailed filing data is available for this year.$1.18$0.65$0.54$0.94$0.75$0.19
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.41$1.06$0.35$1.01$0.78$0.23
2013Summary only. Only limited summary data is available for this year.$1.06$0.91$0.33$0.15$0.18
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.64$0.68$0.04$0.34$0.33$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.65$0.05$0.02$0.07$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2022 to Mar 31, 2023
Signed
Dec 12, 2024
Return Version
2022v5.0
Gross Receipts
$0
Mission and Program Overview

Mission

Credit inc's primary function is to facilitate capital and financial services for organizations, minority and female entrepreneurs and other businesses that, due to their location in a distressed or low-income community, are not adequately served by mainstream financial institutions, thereby enabling them to succeed and thrive.

Credit inc. Is a certified community development financial institution (cdfi) whose mission is to increase access to credit for small businesses in the south bronx through innovative financial products and services and to advance the economic well-being of residents and businesses through financial literacy education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$75,000$75,000→ $0
Cash and Non-Interest-Bearing Accounts$4,171$3,931▼ $240
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$79,171$78,931▼ $240
Liabilities
Other Liabilities$62,605$104,849▲ $42,244
Total Liabilities$62,605$104,849▲ $42,244
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$16,566$-25,918▼ $42,484
Total Net Assets Fund Balance$16,566$-25,918▼ $42,484
Total Liabilities and Net Assets / Fund Balance$79,171$78,931▼ $240

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$14,684$14,684
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleOtherTotal
Delilah TysonCAO$135,561$135,561
Robbin Finney-granstonCFO$122,352$122,352

Board Members and Trustees

NameTitle
Mark L CastleBoard Chair
Lourdes ZapataPresident & CEO
Arline ParksVice Chair
Karen McguinnessVice Chair
Conor MccarthyBoard Member
Hugh GrantBoard Member
Jennifer RiveraBoard Member
Lauren GeorgeBoard Member
Mayra Linares-garciaBoard Member
Patricia Nia RockBoard Member
Plinio AyalaBoard Member
Prisca Salazar-rodriguezBoard Member
Tiffani HindsBoard Member
William Bill BollingerBoard Member
Anthony M Riccio JrSecretary
Mark WillisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-42,485

Audited Revenue Reconciliation

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

Major Expense Lines

Line ItemAmount
Other Expenses$38,069
Salaries, Compensation, and Employee Benefits$4,416
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,462--$3,462
Payroll Taxes$954--$954
Fees for Services Legal-$500-$500
Other Expenses$37,330$239-$239
Total Functional Expenses$41,746$739$0$42,485

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$42,485
Total Expenses per Audited Statements$42,485
Total Expenses per Form 990$42,485
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Due to Related Organization$104,849
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 8B

“The organization does not have committees.”

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

“The form 990 is sent for review to the organization's governing board. The board reviews the 990 and recommends any changes. The board then approves the final return before it is filled with the irs.”

Form 990, Part VI, Section C, Line 18

“Credit, inc's financial statements are available to the public upon request.”

Form 990, Part VI, Section C, Line 19

“Credit, inc's financial statements are available to the public upon request.”

Form 990, Part VI, Section B, Lines 12A, 12B, 12C, 13, 14

“The organization follows the policies of the parent organization south bronx overall economic development corp, however, it has not formally adopted them as its' policies.”

Filing and Contact Details

Filer

Filer Name
Credit Inc
EIN
13-3790222
Phone
7182923113
Address
555 BERGEN AVENUE 3RD FLOOR, BRONX, NY 10455

Signing Officer

Name
Mark Willis
Title
Board Chair
Phone
7182923113
Signed
2024-12-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Geer
Formed
1981
Legal Domicile
Ny
Voting Board Members
18
Independent Board Members
18
Employees
0
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. 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.”

Raw XML AppendixShowing 400 of 680 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsReceivableGrp/BOYAmt075000
IRS990/AccountsReceivableGrp/EOYAmt075000
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0CREDIT INC. IS A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) WHOSE MISSION IS TO INCREASE ACCESS TO CREDIT FOR SMALL BUSINESSES IN THE SOUTH BRONX THROUGH INNOVATIVE FINANCIAL PRODUCTS AND SERVICES AND TO ADVANCE THE ECONOMIC WELL-BEING OF RESIDENTS AND BUSINESSES THROUGH FINANCIAL LITERACY EDUCATION.
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0KAREN MCGUINNESS
IRS990/BooksInCareOfDetail/PhoneNum07182923113
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0555 BERGEN AVENUE 3RD FLOOR
IRS990/BooksInCareOfDetail/USAddress/CityNm0BRONX
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010455
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt04171
IRS990/CashNonInterestBearingGrp/EOYAmt03931
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt038069
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-42485
IRS990/CYSalariesCompEmpBnftPaidAmt04416
IRS990/CYTotalExpensesAmt042485
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt00
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THE PROCUREMENT AND TECHNICAL ASSISTANCE PROGRAM HELPED LOCAL BUSINESSES TO SECURE GOVERNMENT CONTRACTS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt041746
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0500
IRS990/FeesForServicesLegalGrp/TotalAmt0500
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form1098CFiledInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form8899Filedind00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt02.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt12.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt22.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt32.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt42.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt52.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt62.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt72.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt82.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt92.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt102.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt112.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt122.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt132.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt142.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1532.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1632.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1735.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt153.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt163.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt173.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
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/OtherCompensationAmt1538748
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1642
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1719367
IRS990/Form990PartVIISectionAGrp/PersonNm0MARK L CASTLE
IRS990/Form990PartVIISectionAGrp/PersonNm1ARLINE PARKS
IRS990/Form990PartVIISectionAGrp/PersonNm2KAREN MCGUINNESS
IRS990/Form990PartVIISectionAGrp/PersonNm3ANTHONY M RICCIO JR
IRS990/Form990PartVIISectionAGrp/PersonNm4MARK WILLIS
IRS990/Form990PartVIISectionAGrp/PersonNm5TIFFANI HINDS
IRS990/Form990PartVIISectionAGrp/PersonNm6MAYRA LINARES-GARCIA
IRS990/Form990PartVIISectionAGrp/PersonNm7HUGH GRANT
IRS990/Form990PartVIISectionAGrp/PersonNm8PLINIO AYALA
IRS990/Form990PartVIISectionAGrp/PersonNm9LAUREN GEORGE
IRS990/Form990PartVIISectionAGrp/PersonNm10WILLIAM BILL BOLLINGER
IRS990/Form990PartVIISectionAGrp/PersonNm11CONOR MCCARTHY
IRS990/Form990PartVIISectionAGrp/PersonNm12JENNIFER RIVERA
IRS990/Form990PartVIISectionAGrp/PersonNm13PATRICIA NIA ROCK
IRS990/Form990PartVIISectionAGrp/PersonNm14PRISCA SALAZAR-RODRIGUEZ
IRS990/Form990PartVIISectionAGrp/PersonNm15LOURDES ZAPATA
IRS990/Form990PartVIISectionAGrp/PersonNm16DELILAH TYSON
IRS990/Form990PartVIISectionAGrp/PersonNm17ROBBIN FINNEY-GRANSTON
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/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/ReportableCompFromRltdOrgAmt15245053
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt16135519
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt17102985
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
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/TitleTxt15PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt16CAO
IRS990/Form990PartVIISectionAGrp/TitleTxt17CFO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01981
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt018
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt00
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt018
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt014684
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt014684
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0CREDIT INC'S PRIMARY FUNCTION IS TO FACILITATE CAPITAL AND FINANCIAL SERVICES FOR ORGANIZATIONS, MINORITY AND FEMALE ENTREPRENEURS AND OTHER BUSINESSES THAT, DUE TO THEIR LOCATION IN A DISTRESSED OR LOW-INCOME COMMUNITY, ARE NOT ADEQUATELY SERVED BY MAINSTREAM FINANCIAL INSTITUTIONS, THEREBY ENABLING THEM TO SUCCED AND THRIVE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt016566
IRS990/NetAssetsOrFundBalancesEOYAmt0-25918
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt016566
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-25918
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0BAD DEBT
IRS990/OtherExpensesGrp/Desc1BANK FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0239
IRS990/OtherExpensesGrp/ProgramServicesAmt037330
IRS990/OtherExpensesGrp/TotalAmt037330
IRS990/OtherExpensesGrp/TotalAmt1239
IRS990/OtherLiabilitiesGrp/BOYAmt062605
IRS990/OtherLiabilitiesGrp/EOYAmt0104849
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03462
IRS990/OtherSalariesAndWagesGrp/TotalAmt03462
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0954
IRS990/PayrollTaxesGrp/TotalAmt0954
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0KAREN GEER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0THE INDUSTRIAL DEVELOPMENT AND JOB CREATION PROGRAMS PROVIDE AN EXTENSIVE RANGE OF COMMERCIAL AND INDUSTRIAL BUSINESS INCENTIVES THROUGH PARTNERSHIPS WITH GOVERNMENT AGENCIES TO ATTRACT INVESTMENT AND INSURE THE EXISTING BUSINESSES CAN THRIVE.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt022805
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt025000
IRS990/PYRevenuesLessExpensesAmt0-43369
IRS990/PYSalariesCompEmpBnftPaidAmt045564
IRS990/PYTotalExpensesAmt068369
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt025000
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-42485
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt045000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt045000
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0200
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0200
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt025000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt050000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt075000
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0200
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0200
IRS990ScheduleA/InvestmentIncomeCYPct00.00150
IRS990ScheduleA/InvestmentIncomePYPct00.00200
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt09000
IRS990ScheduleA/OtherIncome509Grp/TotalAmt09000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.92880
IRS990ScheduleA/PublicSupportPY509Pct00.67360
IRS990ScheduleA/PublicSupportTotal509Amt0120000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt025000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt050000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt045000
IRS990ScheduleA/Total509Grp/TotalAmt0120000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt025000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt050000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt054200
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0129200
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014684
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt014684
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt042485
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0104849
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED ORGANIZATION
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF STATE LAW. 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt042485
IRS990ScheduleD/TotalLiabilityAmt0104849
IRS990ScheduleD/TotalRevenuePerForm990Amt00
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt00
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt042485
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0245053
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt027000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt011748
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LOURDES ZAPATA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0283801
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS SENT FOR REVIEW TO THE ORGANIZATION'S GOVERNING BOARD. THE BOARD REVIEWS THE 990 AND RECOMMENDS ANY CHANGES. THE BOARD THEN APPROVES THE FINAL RETURN BEFORE IT IS FILLED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CREDIT, INC'S FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CREDIT, INC'S FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION FOLLOWS THE POLICIES OF THE PARENT ORGANIZATION SOUTH BRONX OVERALL ECONOMIC DEVELOPMENT CORP, HOWEVER, IT HAS NOT FORMALLY ADOPTED THEM AS ITS' POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINES 12A, 12B, 12C, 13, 14
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.