Civic Intelligence

Bronx Council for Economic Development Local Development Corp

EIN 13-3870544 • 501(c)3 • Bronx, NY

Profile

Our mission is to encourage and facilitate a dialogue between the diverse bronx business communities, and its residents, that leads to community and economic empowerment. The council firmly believes that small businesses are the foundation of economic stability in their communities. As such, the council proves the framework and support mechanism for community and economic empowerment through advice, technical and financial assistance, development of targeted community projects, and production of community events.

311 East 175th StreetBronx, NY 10457

www.bronxcentralcouncil.org

Siviq Scores

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

Liabilities / Assets

97th percentile

3.88x

Higher debt load relative to assets than 97% of similar nonprofits.

NTEE S20 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2017

Net Margin

Score unavailable

No value available

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

Source year 2017

Top Officer Pay

85th percentile

$0

Higher top officer pay than 85% of similar nonprofits.

NTEE S20 • <$500k nonprofits • Source year 2017

Asset Growth

50th percentile

-0.0%

Faster asset growth than 50% of similar nonprofits.

NTEE S20 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$49,125

Down $1 (-0.0%) from 2016

Liabilities

Down

$190,434

Down $1 (-0.0%) from 2016

Net Assets

Flat

-$141,309

Flat from 2016

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Flat

$0

Flat from 2016

Expenses

Flat

$0

Flat from 2016

Net Income

Flat

$0

Flat from 2016

Trend Graphs

Balance Sheet Trend

Asset Growth50th percentile

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

$300K$200K$100K$0-$100K-$200KAssets 2010: $77,687Liabilities 2010: $208,349Net Assets 2010: -$130,6622010Assets 2011: $80,793Liabilities 2011: $79,901Net Assets 2011: $8922011Assets 2012: $56,404Liabilities 2012: $169,081Net Assets 2012: -$112,6772012Assets 2013: $51,931Liabilities 2013: $181,911Net Assets 2013: -$129,9802013Assets 2014: $49,126Liabilities 2014: $190,435Net Assets 2014: -$141,3092014Assets 2015: $49,126Liabilities 2015: $190,435Net Assets 2015: -$141,3092015Assets 2016: $49,126Liabilities 2016: $190,435Net Assets 2016: -$141,3092016Assets 2017: $49,125Liabilities 2017: $190,434Net Assets 2017: -$141,3092017

Highlighted filing

2017

Assets$49,125
Liabilities$190,434
Net Assets-$141,309
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$200K$100K$0-$100K-$200KRevenue 2010: $14,176Expenses 2010: $171,409Net Income 2010: -$157,2332010Expenses 2011: $79,9262011Expenses 2012: $133,3002012Revenue 2013: $0Expenses 2013: $17,303Net Income 2013: -$17,3032013Revenue 2014: $0Expenses 2014: $11,329Net Income 2014: -$11,3292014Revenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2017: $0Expenses 2017: $0Net Income 2017: $02017

Highlighted filing

2017

Revenue$0
Expenses$0
Net Income$0
Open 2017 Filing

Filings

Most recent year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$49,125
Liabilities
$190,434
Net assets
-$141,309
Revenue
$0
Expenses
$0
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$0.49$1.90$1.41$0.00$0.00$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.49$1.90$1.41$0.00$0.00$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.49$1.90$1.41$0.00$0.00$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.49$1.90$1.41$0.00$0.11$0.11
2013Detailed filing. Detailed filing data is available for this year.$0.52$1.82$1.30$0.00$0.17$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$1.69$1.13$1.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.80$0.01$0.80
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.78$2.08$1.31$0.14$1.71$1.57
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$0
Mission and Program Overview

Mission

Our mission is to encourage and facilitate a dialogue between the diverse bronx business communities, and its residents, that leads to community and economic empowerment. The council firmly believes that small businesses are the foundation of economic stability in their communities. As such, the council proves the framework and support mechanism for community and economic empowerment through advice, technical and financial assistance, development of targeted community projects, and production of community events.

Program Services

DescriptionGrantsExpenses
LOCAL AREA ECONOMIC DEVELOPMENT - TO ENCOURAGE AND FACILITATE A DIALOGUE BETWEEN THE DIVERSE BRONX BUSINESS COMMUNITIES, AND ITS RESIDENTS, THAT LEADS TO COMMUNITY AND ECONOMIC EMPOWERMENT.--
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
IRIS W RAMIREZCahir-$0--
HENRY COMASVice Chair-$0--
GLORIA DELGADOSecretary-$0--
EDNA QUINONESTreasurer-$0--
JOSE ENCARNACIONMember-$0--
MARIA RIVERAMember-$0--
EDEL BORREROMember-$0--
ERICA Y MARTINEZMember-$0--
Raul RussiCEO-$0--
PAMELA MATTELCOO-$0--
MILTON DERIENZOCFO-$0--
HON HECTOR DIAZPresident-$0--
Filing and Contact Details

Filer

Filer Name
Bronx Council for Economic Development Inc
EIN
13-3870544
In Care Of
% MILTON A DERIENZO CPA
Phone
7188292020
Address
311 East 175th Street, Bronx, NY 10457

Signing Officer

Name
Milton a Derienzo CPA Cgma
Title
CFO
Phone
7188292020
Signed
2018-11-15
Discuss with paid preparer
Yes

Preparer

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

Additional Explanations

Form 990EZ Part II Line 24

“Description:OTHER ASSETS BOY Amount:6450 EOY Amount:6450”

Form 990EZ Part II Line 26

“Description:INTERCOMPANY PAYABLE - ACACIA BOY Amount:26088 EOY Amount:26088”

Form 990EZ Part II Line 26

“Description:INTERCOMPANY PASO BOY Amount:2352 EOY Amount:2352”

Form 990EZ Part II Line 26

“Description:INTERCOMPANY SYSTEMS BOY Amount:58809 EOY Amount:58809”

Raw XML Appendix200 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
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0BRONX
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IRS990EZ/MethodOfAccountingAccrualInd0X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0IRIS W RAMIREZ
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CAHIR
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4MEMBER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6MEMBER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9COO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt10CFO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt11PRESIDENT
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
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IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0OUR MISSION IS TO ENCOURAGE AND FACILITATE A DIALOGUE BETWEEN THE DIVERSE BRONX BUSINESS COMMUNITIES, AND ITS RESIDENTS, THAT LEADS TO COMMUNITY AND ECONOMIC EMPOWERMENT. THE COUNCIL FIRMLY BELIEVES THAT SMALL BUSINESSES ARE THE FOUNDATION OF ECONOMIC STABILITY IN THEIR COMMUNITIES. AS SUCH, THE COUNCIL PROVES THE FRAMEWORK AND SUPPORT MECHANISM FOR COMMUNITY AND ECONOMIC EMPOWERMENT THROUGH ADVICE, TECHNICAL AND FINANCIAL ASSISTANCE, DEVELOPMENT OF TARGETED COMMUNITY PROJECTS, AND PRODUCTION OF COMMUNITY EVENTS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0LOCAL AREA ECONOMIC DEVELOPMENT - TO ENCOURAGE AND FACILITATE A DIALOGUE BETWEEN THE DIVERSE BRONX BUSINESS COMMUNITIES, AND ITS RESIDENTS, THAT LEADS TO COMMUNITY AND ECONOMIC EMPOWERMENT.
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SchoolOperatingInd0false
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IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt00
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IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description:OTHER ASSETS BOY Amount:6450 EOY Amount:6450
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description:INTERCOMPANY PAYABLE - ACACIA BOY Amount:26088 EOY Amount:26088
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description:INTERCOMPANY PASO BOY Amount:2352 EOY Amount:2352
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description:INTERCOMPANY SYSTEMS BOY Amount:58809 EOY Amount:58809
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990EZ PART II LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990EZ PART II LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990EZ PART II LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990EZ PART II LINE 26
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MILTON A DERIENZO CPA CGMA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum07188292020
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-15
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ReturnHeader/Filer/BusinessNameControlTxt0BRON
ReturnHeader/Filer/EIN0133870544
ReturnHeader/Filer/InCareOfNm0% MILTON A DERIENZO CPA
ReturnHeader/Filer/PhoneNum07188292020
ReturnHeader/Filer/USAddress/AddressLine1Txt0311 East 175th Street
ReturnHeader/Filer/USAddress/CityNm0Bronx
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010457
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE TOWER CENTER BLVD 14TH FL
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008816
ReturnHeader/PreparerPersonGrp/PhoneNum07328281614
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Joseph Perez
ReturnHeader/ReturnTs02018-11-14T15:58:14-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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