Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
EIN 46-3167787 • 501(c)3 • New York, NY
Profile
Boriken Local Development Corporation was formed to develop and own a facility for delivery of social and health care services in the community of East Harlem, New York.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Liabilities / Revenue
62nd percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
67th percentile
Higher net margin than 67% of similar nonprofits.
Top Officer Pay
99th percentile
Higher top officer pay than 99% of similar nonprofits.
Top officer pay equals 81.9% of source-year revenue.
Asset Growth
10th percentile
Faster asset growth than 10% of similar nonprofits.
Revenue Growth
21st percentile
Faster revenue growth than 21% of similar nonprofits.
Assets
Down$0
Down $22,229,426 (-100%) from 2021
Liabilities
Down$0
Down $19,124,474 (-100%) from 2021
Net Assets
Down$0
Down $3,104,952 (-100%) from 2021
Revenue
Down$378,550
Down $270,403 (-42%) from 2021
Expenses
Down$331,427
Down $317,853 (-49%) from 2021
Net Income
Up$47,123
Up $47,450 (+14511%) from 2021
Most recent year
2022 • Form 990Detailed filing. Detailed filing data is available for this year.
Boriken Local Development Corporation was formed to develop and own a facility for delivery of social and health care services in the community of East Harlem, New York.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $18,220,031 | - | - |
| Cash and Non-Interest-Bearing Accounts | $274,324 | - | - |
| Total Assets | $22,229,426 | $0 | ▼ $22,229,426 |
| Other Assets Total | $3,735,071 | - | - |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $19,117,434 | - | - |
| Accounts Payable and Accrued Expenses | $7,040 | - | - |
| Total Liabilities | $19,124,474 | $0 | ▼ $19,124,474 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $3,104,952 | - | - |
| Total Net Assets Fund Balance | $3,104,952 | $0 | ▼ $3,104,952 |
| Total Liabilities and Net Assets / Fund Balance | $22,229,426 | $0 | ▼ $22,229,426 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Arturo Perez | Chief Executive Officer | FT | $306,423 | $3,716 | $306,423 |
| Ahmed Abedo | Chief Financial Officer | PT | $193,979 | $6,943 | $193,979 |
| Elizabeth Perez | General Counsel | FT | $165,821 | - | $165,821 |
| Erika Donovan Estades | COOGeneral Counsel | FT | $125,262 | $3,454 | $125,262 |
| Name | Title |
|---|---|
| Jacqueline Aleman | Chairperson |
| Maritza Santa | Director |
| Rosa Medina | Secretary |
| Line Item | Amount |
|---|---|
| Other Expenses | $331,427 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Depreciation Depletion | $331,172 | - | - | $331,172 |
| Other Expenses | $255 | - | - | $255 |
| Total Functional Expenses | $331,427 | $0 | $0 | $331,427 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $331,427 |
| Total Expenses per Audited Statements | $331,427 |
| Total Expenses per Form 990 | $331,427 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“The Organization has transferred all its assets to East Harlem Counsil for Human Services, Inc. and has ceased all its operations.”
“East harlem council for human services, inc. Is the sole member of the organization”
“East harlem council for human services, inc. Is the sole member of the organization and has all the rights to elect and appoint the governing body”
“East harlem council for human services, inc. Is the sole member of the organization and has all the rights to elect and appoint the governing body”
“The form 990 is prepared by an independent accountant and the draft form 990 tax form is distributed to the board for review and approval before final form 990 is filed.”
“Conflict of interest disclosure statement is distributed and completed by the board members and senior management staff annually.”
“Conflict of interest policy and financial statements are made available to the public upon request”
“The process did not change from prior year”
“The Organization has transferred all its assets and liabilities to East Harlem Counsil for Human Services, Inc. and has ceased all its operations.”
“The Organization has transferred all its assets and liabilities to East Harlem Counsil for Human Services, Inc. and has ceased all its operations.”
“The corporation believes it had no uncertain tax positions, in accordance with accounting standards codification (asc) topic 740, income taxes, which provides standards for establishing and classifying any tax provisions for uncertain tax positions.”
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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|---|---|---|
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| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | Chief Executive Officer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Chief Financial Officer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | General Counsel |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | COOGeneral Counsel |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Chairperson |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Secretary |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 2013 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | true |
| IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd | 0 | X |
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| IRS990/GoverningBodyVotingMembersCnt | 0 | 3 |
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| IRS990/GrantsToOrganizationsInd | 0 | false |
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| IRS990/GrossReceiptsAmt | 0 | 378550 |
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| IRS990/IncludeFIN48FootnoteInd | 0 | true |
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| IRS990/IndoorTanningServicesInd | 0 | false |
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| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
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| IRS990/LoanOutstandingInd | 0 | false |
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| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | true |
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| IRS990/MissionDesc | 0 | Boriken Local Development Corporation was formed to develop and own a facility for delivery of social and health care services in the community of East Harlem, New York. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
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| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 0 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
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| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
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| IRS990/OtherChangesInNetAssetsAmt | 0 | -3152075 |
| IRS990/OtherExpensesGrp/Desc | 0 | Bank Service Charge |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 255 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 255 |
| IRS990/PartialLiquidationInd | 0 | true |
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| IRS990/PoliticalCampaignActyInd | 0 | false |
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| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Rental Revenue |
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| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 1022 |
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| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 2975352 |
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| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 378550 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE CORPORATION BELIEVES IT HAD NO UNCERTAIN TAX POSITIONS, IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740, INCOME TAXES, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. |
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| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 331427 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 378550 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | Ahmed Abedo |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 1 | Arturo Perez |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 2 | Erika Donovan Estades |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 3 | Elizabeth Perez |
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| IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc | 0 | Asset Transfer |
| IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt | 0 | 2022-01-31 |
| IRS990ScheduleN/DispositionOfAssetsDetail/EIN | 0 | 136213532 |
| IRS990ScheduleN/DispositionOfAssetsDetail/PersonNm | 0 | East Harlem Council for Human Servi |
| IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt | 0 | 2265 Third Avenue |
| IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm | 0 | New York |
| IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd | 0 | NY |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | The Organization has transferred all its assets to East Harlem Counsil for Human Services, Inc. and has ceased all its operations. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EAST HARLEM COUNCIL FOR HUMAN SERVICES, INC. IS THE SOLE MEMBER OF THE ORGANIZATION |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | EAST HARLEM COUNCIL FOR HUMAN SERVICES, INC. IS THE SOLE MEMBER OF THE ORGANIZATION AND HAS ALL THE RIGHTS TO ELECT AND APPOINT THE GOVERNING BODY |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | EAST HARLEM COUNCIL FOR HUMAN SERVICES, INC. IS THE SOLE MEMBER OF THE ORGANIZATION AND HAS ALL THE RIGHTS TO ELECT AND APPOINT THE GOVERNING BODY |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT AND THE DRAFT FORM 990 TAX FORM IS DISTRIBUTED TO THE BOARD FOR REVIEW AND APPROVAL BEFORE FINAL FORM 990 IS FILED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | CONFLICT OF INTEREST DISCLOSURE STATEMENT IS DISTRIBUTED AND COMPLETED BY THE BOARD MEMBERS AND SENIOR MANAGEMENT STAFF ANNUALLY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | THE PROCESS DID NOT CHANGE FROM PRIOR YEAR |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | The Organization has transferred all its assets and liabilities to East Harlem Counsil for Human Services, Inc. and has ceased all its operations. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | The Organization has transferred all its assets and liabilities to East Harlem Counsil for Human Services, Inc. and has ceased all its operations. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Asset material diversion Part VI line 5 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Members or stockholder classes and rights Part VI line 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Member election for additional members Part VI line 7a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Governing body decisions Part VI line 7b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990 governing body review Part VI line 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Conflict of interest policy compliance Part VI line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Governing documents etc available to public Part VI line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Significant program services not listed on prior year return Part III line 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Cessation of or significant change to any program service Part III line 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Explanation of other changes in net assets or fund balances Part XI line 9 |
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| IRS990/WebsiteAddressTxt | 0 | WWW.BORIKEN.ORG |
| IRS990/WhistleblowerPolicyInd | 0 | true |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL2 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd | 0 | 11 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Ahmed Abedo |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Chief Financial |
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