Civic Intelligence

Excelsior Business Development Corporation

990EZ • Fiscal year 2024 • EIN 82-2977051

Jan 01, 2024 to Dec 31, 2024 • Filed on May 14, 2025

Organization Profilewww.atlascollective.org
340 South 3rd Street C5Brooklyn, NY 11211

(646) 904-8745

Siviq Scores

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

Liabilities / Assets

99th percentile

20.94x

Higher debt load relative to assets than 99% of similar nonprofits.

2024 filings • NTEE S • <$500k nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

12.69x

Higher debt load relative to revenue than 99% of similar nonprofits.

2024 filings • NTEE S • <$500k nonprofits • Source year 2024

Net Margin

5th percentile

-146%

Higher net margin than 5% of similar nonprofits.

2024 filings • NTEE S • <$500k nonprofits • Source year 2024

Top Officer Pay

83rd percentile

$0

Higher top officer pay than 83% of similar nonprofits.

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

2024 filings • NTEE S • <$500k nonprofits • Source year 2024

Asset Growth

10th percentile

-52%

Faster asset growth than 10% of similar nonprofits.

2024 filings • NTEE S • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

8th percentile

-72%

Faster revenue growth than 8% of similar nonprofits.

2024 filings • NTEE S • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$5,851

Down $6,328 (-52%) from 2023

Net Assets

Down

-$116,689

Down $14,084 (-14%) from 2023

Liabilities

Up

$122,540

Up $7,756 (+6.8%) from 2023

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin5th percentile

Revenue

Down

$9,653

Down $24,426 (-72%) from 2023

Expenses

Down

$23,737

Down $19,535 (-45%) from 2023

Net Income

Down

-$14,084

Down $4,891 (-53%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$100K$0-$100K-$200KAssets 2021: $55,787Liabilities 2021: $69,343Net Assets 2021: -$13,5562021Assets 2022: $12,421Liabilities 2022: $105,833Net Assets 2022: -$93,4122022Assets 2023: $12,179Liabilities 2023: $114,784Net Assets 2023: -$102,6052023Assets 2024: $5,851Liabilities 2024: $122,540Net Assets 2024: -$116,6892024

Highlighted filing

2024

Assets$5,851
Liabilities$122,540
Net Assets-$116,689
Open 2024 Filing

Operations Trend

Revenue Growth8th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100K$50K$0-$50K-$100KRevenue 2021: $55,056Expenses 2021: $56,623Net Income 2021: -$1,5672021Revenue 2022: $4,937Expenses 2022: $84,793Net Income 2022: -$79,8562022Revenue 2023: $34,079Expenses 2023: $43,272Net Income 2023: -$9,1932023Revenue 2024: $9,653Expenses 2024: $23,737Net Income 2024: -$14,0842024

Highlighted filing

2024

Revenue$9,653
Expenses$23,737
Net Income-$14,084
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 14, 2025
Return Version
2024v5.1
Gross Receipts
$9,653
Mission and Program Overview

Mission

Focused on taking on the responsibility of developing, training, financing access, advocacy, and provide technical assistance to the underserved - minorities, women, veterans, emerging businesses to become successful and leaders in their industry. By providing mentor support services, businesses can then strive in the public and private marketplace.

Program Services

DescriptionGrantsExpenses
RECOVERY TA PROGRAM-$8,278
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
EDGARD HERNANDEZPresidentPT$0--
EUGENIA HERNANDEZDir, Sc'Y, Trea-$0--
THOMAS FARRELLDir, Ass'T Secr-$0--
Filing and Contact Details

Filer

Filer Name
Excelsior Business Development
EIN
82-2977051
Phone
6469048745
Address
340 SOUTH 3RD STREET C5, BROOKLYN, NY 11211

Signing Officer

Name
Edgard Hernandez
Title
President
Signed
2025-05-14
Discuss with paid preparer
Yes

Preparer

Firm
Anthony J Cassar CPA Pc
Address
111 WEST SUNRISE HWY, Freeport, NY 11520
Preparer
Anthony J Cassar
Phone
5167717900
Supplemental Narrative

Additional Explanations

Other Expenses.1002

“Office Expenses $874”

Other Expenses.1005

“Travel $7167”

Other Expenses.1007

“Conferences, Conventions, and Meetings $150”

Other Expenses.1009

“Depreciation $3361”

Other Expenses.1012

“Insurance $1105”

Other Expenses.1

“STORAGE RENTAL $8229”

Other Expenses.2

“TELEPHONE $1019”

Other Expenses.3

“SOFTWARE $961”

Other Expenses.4

“SUPPLIES $572”

Other Expenses.5

“BANK FEES $274”

Other Expenses.6

“LICENSES & FEES $25”

Total Liabilities.1006

“Payable to Officers, Directors, Etc. - Beginning $107484 Payable to Officers, Directors, Etc. - Ending $116635”

Total Liabilities.1

“LOANS - Beginning $7300 LOANS - Ending $5905”

Raw XML Appendix170 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/PersonNm0EDGARD HERNANDEZ
IRS990EZ/BooksInCareOfDetail/PhoneNum06469048745
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0340 SOUTH 3RD STREET SUITE C5
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0BROOKLYN
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd011211
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt03778
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0811
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-14084
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt012179
IRS990EZ/Form990TotalAssetsGrp/EOYAmt05851
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt09653
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt01
IRS990EZ/LandAndBuildingsGrp/BOYAmt08401
IRS990EZ/LandAndBuildingsGrp/EOYAmt05040
IRS990EZ/LoansToFromOfficersAmt0116635
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0true
IRS990EZ/MembershipDuesAmt09652
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-102605
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-116689
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-102605
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-116689
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt020.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt12.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0EDGARD HERNANDEZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1EUGENIA HERNANDEZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2THOMAS FARRELL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIR, SC'Y, TREA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIR, ASS'T SECR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt023737
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0FOCUSED ON TAKING ON THE RESPONSIBILITY OF DEVELOPING, TRAINING, FINANCING ACCESS, ADVOCACY, AND PROVIDE TECHNICAL ASSISTANCE TO THE UNDERSERVED - MINORITIES, WOMEN, VETERANS, EMERGING BUSINESSES TO BECOME SUCCESSFUL AND LEADERS IN THEIR INDUSTRY. BY PROVIDING MENTOR SUPPORT SERVICES, BUSINESSES CAN THEN STRIVE IN THE PUBLIC AND PRIVATE MARKETPLACE.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0RECOVERY TA PROGRAM
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt08278
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0114784
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0122540
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt023737
IRS990EZ/TotalProgramServiceExpensesAmt08278
IRS990EZ/TotalRevenueAmt09653
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0https://www.atlascollective.org/
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt09652
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt034015
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt04931
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt050000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt098598
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt064
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt071
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt098598
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt09652
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt034015
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt04931
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt050000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt098598
IRS990ScheduleA/TotalSupportAmt098669
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0116635
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0START UP
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt062043
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0EDGARD HERNANDEZ
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/TotalBalanceDueAmt0116635
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Office Expenses $874
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Travel $7167
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Conferences, Conventions, and Meetings $150
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Depreciation $3361
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Insurance $1105
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5STORAGE RENTAL $8229
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TELEPHONE $1019
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7SOFTWARE $961
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8SUPPLIES $572
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9BANK FEES $274
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10LICENSES & FEES $25
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Payable to Officers, Directors, Etc. - Beginning $107484 Payable to Officers, Directors, Etc. - Ending $116635
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12LOANS - Beginning $7300 LOANS - Ending $5905
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1007
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1009
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Expenses.6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Total Liabilities.1006
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Total Liabilities.1
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0EDGARD HERNANDEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EXCELSIOR BUSINESS DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0EXCE
ReturnHeader/Filer/EIN0822977051
ReturnHeader/Filer/PhoneNum06469048745
ReturnHeader/Filer/USAddress/AddressLine1Txt0340 SOUTH 3RD STREET C5
ReturnHeader/Filer/USAddress/CityNm0BROOKLYN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011211
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0201980583
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ANTHONY J CASSAR CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0111 WEST SUNRISE HWY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Freeport
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011520
ReturnHeader/PreparerPersonGrp/PhoneNum05167717900
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Anthony J Cassar
ReturnHeader/ReturnTs02025-05-14T13:27:02-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,851
Liabilities
$122,540
Net assets
-$116,689
Revenue
$9,653
Expenses
$23,737
Net income
-$14,084
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.06$1.23$1.17$0.10$0.24$0.14
2023Detailed filing. Detailed filing data is available for this year.$0.12$1.15$1.03$0.34$0.43$0.09
2022Detailed filing. Detailed filing data is available for this year.$0.12$1.06$0.93$0.05$0.85$0.80
2021Detailed filing. Detailed filing data is available for this year.$0.56$0.69$0.14$0.55$0.57$0.02