SOUTH BRONX OVERALL ECONOMIC DEVELOPMENT CORPORATION: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- SOUTH BRONX OVERALL ECONOMIC DEVELOPMENT CORPORATION (EIN 13-2736022)
- Tax period
- 2018-04-01 to 2019-03-31
- Filed
- 2021-07-28
- IRS object ID
- 202112099349301211
- Schema version
- 2018v3.3
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule J
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-07-28T10:37:44-05:00 | ReturnTs |
| Tax Period End | 2019-03-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BKD LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1155 Avenue of the Americas 1200 | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10036 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-04-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 132736022 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | South Bronx Overall Economic | BusinessNameLine1Txt |
| Business Name Line2 | Development Corporation | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % KAREN MCGUINNESS | InCareOfNm |
| Business Name Control | SOUT | BusinessNameControlTxt |
| Phone | 7182923113 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 555 BERGEN AVENUE | AddressLine1Txt |
| City | BRONX | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10455 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LOURDES ZAPATA | PersonNm |
| Person Title | PRESIDENT & CEO | PersonTitleTxt |
| Phone | 7182923113 | PhoneNum |
| Signature | 2021-07-31 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Aaron Shapiro | PreparerPersonNm |
| PTIN | P01333816 | PTIN |
| Phone | 2128674000 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | LOURDES ZAPATA | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 555 BERGEN AVENUE | AddressLine1Txt |
| City | BRONX | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10455 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $14,561,696 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.SOBRO.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1972 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | TO ENHANCE THE QUALITY OF LIFE IN THE SOUTH BRONX BY STRENGTHENING BUSINESSES AND CREATING INNOVATIVE ECONOMIC, HOUSING, EDUCATIONAL AND CAREER DEVELOPMENT PROGRAMS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 12 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 12 | VotingMembersIndependentCnt |
| Total Employee | 479 | TotalEmployeeCnt |
| Total Volunteers | 12 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $8,318,920 | PYContributionsGrantsAmt |
| CY Contributions Grants | $8,190,342 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $2,836,263 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $6,197,975 | CYProgramServiceRevenueAmt |
| PY Investment Income | $47 | PYInvestmentIncomeAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| PY Other Revenue | $129,400 | PYOtherRevenueAmt |
| CY Other Revenue | $117,018 | CYOtherRevenueAmt |
| PY Total Revenue | $11,284,630 | PYTotalRevenueAmt |
| CY Total Revenue | $14,505,335 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $8,521,430 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $7,918,710 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $5,506,915 | PYOtherExpensesAmt |
| CY Other Expenses | $4,811,230 | CYOtherExpensesAmt |
| PY Total Expenses | $14,028,345 | PYTotalExpensesAmt |
| CY Total Expenses | $12,729,940 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$2,743,715 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,775,395 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $5,345,087 | TotalAssetsBOYAmt |
| Total Assets EOY | $5,681,704 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $5,921,409 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,482,631 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | -$576,322 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,199,073 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | OUR MISSION IS TO ENHANCE THE QUALITY OF LIFE IN THE SOUTH BRONX BY STRENGTHENING BUSINESSES AND CREATING INNOVATIVE ECONOMIC, HOUSING, EDUCATIONAL, AND CAREER DEVELOPMENT PROGRAMS FOR YOUTH AND ADULTS. SOBBO WAS FOUNDED IN 1972 BY A GROUP OF BUSINESS EXECUTIVES AND COMMUNITY LEADERS. OUR TASK WAS URGENT: REVERSE THE FLIGHT OF BUSINESSES AND JOBS FROM THE SOUTH BRONX. IT WAS THE FIRST AND MOST FUNDAMENTAL STEP TOWARD REBUILDING A COMMUNITY WHOSE NAME EVOKED IMAGES OF BURNED BUILDINGS, CRIME, POVERTY AND DRUGS. BUT AS SOBRO BEGAN TO EVOLVE, IT BECAME CLEARER THAT COMMUNITY REVITALIZATION REQUIRED A MULTI-FACETED EFFORT. TODAY, WE ADDRESS ALL ASPECTS OF COMMUNITY DEVELOPMENT: ASSISTING BUSINESSES TO GET STARTED AND GROW, TRAINING RESIDENTS ACCORDING TO THE NEEDS OF EMPLOYERS, OFFERING OPPORTUNITIES FOR YOUTH TO LEARN AND DEVELOP, AND CREATING AFFORDABLE HOUSING AND COMMERCIAL SPACES THAT REVERSE BLIGHT IN THE COMMUNITY. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $3,912,753 | ExpenseAmt |
| Desc | THE YOUTH DEVELOPMENT AND EDUCATION DEPARTMENT PROVIDED AFTER-SCHOOL, SUMMER YOUTH EMPLOYMENT, AND OUT-OF-SCHOOL YOUTH SERVICES TO 1,955 YOUNG PEOPLE BETWEEN THE AGES OF 5 AND 24. IN-SCHOOL AND AFTER-SCHOOL PROGRAMS ASSISTED A TOTAL OF 1,258 ELEMENTARY, MIDDLE AND HIGH SCHOOL STUDENTS WITH HOMEWORK AND TUTORING, COLLEGE PREPARATION, ARTS AND CULTURAL ACTIVITIES, AND LEADERSHIP DEVELOPMENT. ADDITIONALLY, SUMMER INTERNSHIPS WERE PROVIDED TO OVER 1,163 YOUTH THROUGH OUR SYEP PROGRAM AND 148 FOR SYEP/WLH PROGRAM DURING THE WINTER. PARTICIPANTS WERE PROVIDED ACADEMIC SUPPORT, CAREER AWARENESS TRAINING, WORK SKILLS DEVELOPMENT, AND LEADERSHIP TRAINING. THE SOBRO TRANSFORMATION ACADEMY, WHICH IS A COMBINATION OF THE YOUTHBUILD PROGRAM AND YOUNGADULT JUSTICE SCHOLARS PROGRAM, SERVES AT-RISK YOUNG ADULTS TO EARN THEIR HIGH SCHOOL EQUIVALENCY (HSE) DIPLOMA, LEARN CONSTRUCTION ANDJOB-READINESS SKILLS, AND RESOLVE PERSONAL BARRIERS TO SUCCESS WITH OUR MASTER SOCIAL WORKER. WE HAVE ALSO ACQUIRED A YOUTHBUILD SITE IN HARLEM AS WE AS A STARBUCKS FOUNDATION AND YOUTHBUILD USA FUNDEDBARISTA TRAINING PROGRAM, WHICH WILL PROVIDE ADDITIONAL VOCATIONAL TRAINING OPPORTUNITIES FOR THE OUT-OF-SCHOOL YOUTH. SOBRO SERVED 89 PARTICIPANTS LAST YEAR. YOUNG ADULTS PARTICIPATING IN THE TRANSFORMATION ACADEMY CONTINUE TO BE OFFERED ENTREPRENEURIAL AND VOCATIONAL TRAINING OPPURTUNITIES, THROUGH OUR INNOVATIVE SOCIAL ENTERPRISES: SOBROX GRO URBAN FARM: WHERE YOU LEARN ABOUT THE BASICS OF URBAN FARMING THROUGH THE OPERATION OF A HYDROPONIC ROOFTOP FARM AND THE SOBRONX PRINT SHOP: WHERE THE YOUTH LEARN SCREEN PRINTING AND ENTREPRENEURIAL CONCEPTS THROUGH THE OPERATION OF A BUSINESS LOCATED IN THE BASEMENT OF VENTURE CENTER, SOBRO'S SMALL BUSINESS INCUBATOR. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $869,213 | ExpenseAmt |
| Revenue | $5,442,653 | RevenueAmt |
| Desc | THE PROCUREMENT AND TECHNICAL ASSISTANCE (PTAC) PROGRAM HELPED LOCAL BUSINESSES TO SECURE LUCRATIVE GOVERNMENT CONTRACTS. SOBRO'S PROCUREMENT AND MINORITY BUSINESS PROGRAMS MAINTAINS 197 ACTIVE BUSINESS CLIENTS, RECRUITED 264 NEW CLIENTS, PROVIDED 58 WORKSHOPS AND SPECIAL EVENTS, 219 ONE ON ONE SESSIONS, 6 RECERTIFICATIONS, 23 REFERRALS, AND HELPED CLIENTS SECURE 14.3 MILLION WORTH OF CONTRACTS. IN FY 2019, THE M/WBE TEAM (WHICH INCLUDES MWBE LEADERSHIP ASSISTANCE AND TECHNICAL ASSISTANCE) HELD 220 ONE-ON-ONESESSIONS, 30 WORKSHOPS, 29 STANDARD M/WBE CERTIFICATION SUBMISSIONS, ASSISTED WITH 10 RECERTIFICATION APPLICATIONS, AND FACILITATED 33 REFERRALS. THE MINORITY BUSINESS CENTER BRONX PROVIDES CORE BUSINESS SERVICES SUCH AS GLOBAL BUSINESS DEVELOPMENT, ACCESS TO CAPITAL, ACCESS TO CONTRACTS, ACCESS TO MARKETS, AND STRATEGIC BUSINESS CONSULTING. OVER THE THREE-YEAR PERIOD, THE CENTER ASSISTED CLIENTS WITH ACCESSING: 348 MILLION IN FINANCING TRANSACTIONS, 82 MILLION IN CONTRACTING AND PROCUREMENT OPPORTUNITIES, SERVED OVER 348 CUSTOMERS, REFERRED 157 CLIENTS TO OTHER SERVICES, IMPACTED 532 NEW JOBS, AND RETAINED 765 JOBS AS A RESULT OF IT SERVICES, AND FACILITATED OVER NINE STRATEGIC BUSINESS TRANSACTIONS. OUR INDUSTRIAL BUSINESS ZONE PROGRAMS HELPED FIVE CLIENTS SECURE 210,000 IN FINANCING, WE HOSTED EVENTS FOR 50 ATTENDEES, HELPED 11 CLIENTS ACCESS INCENTIVES, AND WE ASSISTED 17 CLIENTS WITH THE STARTUP AND LAUNCH OF PROJECTS. SOBRO SERVICES THREE BROWNFIELD OPPORTUNITY AREA CONTRACTS (PORT MORRIS HARLEM RIVER, PORT MORRIS EAST RIVER, AND EASTCHESTER) AND THE EPA BRONX RIVER-SHERIDAN EXPRESSWAY CORRIDOR. THE PROGRAMS CONTINUE TO SURVEY THOUSANDS OF RESIDENTS, CATALOG AND INVENTORY PROPERTIES (61), HOLD COMMUNITY VISIONING SESSIONS (7), AND INTERVIEW HUNDREDS OF RESIDENTS. ADDITIONALLY, 43 SMALL GROUP MEETINGS WERE HELD, 11 STEERING COMMITTEE MEEETINGS, AND ENGAGED OFVER 60,000 THROUGH DIGITAL COMMUNICATIONS. OTHER PROJECTS INCLUDE A NEW OCS FUNDING TOLEVERAGE OUR PARTNERSHIPS WITH THE SOUTH BRONX BUSINESS COMMUNITY THAT HELP TO INCREASE ACCESS TO HEALTHIER FOOD OPTIONS AND CREATE EMPLOYMENT OPPORTUNITIES. THE INITIATIVE CONSISTS OF A COLLABORATION BETWEEN SOBRO, THE SOUTH BRONX BASED UNITED BUSINESS COOPERATIVE (UBC), AND BORN CORP., THE FIRST COLD-PRESSED JUICE BARAND HEALTH FOOD EATERY IN THE SOUTH BRONX. THIS INITIATIVE EMPLOYS AN HOLISTIC APPROACH THAT INCORPORATES COMMUNITY ENGAGEMENT, TECHNICAL ASSISTANCE TO PARTNER BUSINESSES, AND JOB CREATION. ADDITIONALLY, SOBRO IS STILL INVOLVED IN THE PROTECTION GREEN INFRASTRUCTURE PROGRAM AND THE ONGOING DEVELOPMENT OF THE ROBERTO CLEMENTE PLAZA. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $895,020 | ExpenseAmt |
| Desc | THE COMMUNITY AND ECONOMIC DEVELOPMENT DEPARTMENT (CED) ADMINISTERS AN ARRAY OF PROGRAMS THAT SEEK TO MAKE A LASTING IMPACT ON THE ECONOMIC, PHYSICAL, AND SOCIAL FABRIC OF OUR COMMUNITY. CED PROVIDED PROPERTY MANAGEMENT SERVICES IN THE BRONX AND UPPER MANHATTAN, AND BUSINESS ASSISTANCE SERVICES TO HUNDREDS OF NEW AND EXISTING CLIENTS. SOBRO'S BUSINESS INCUBATOR, THE VENTURE CENTER, HAS ALSO PROVIDED AN AFFORDABLE WORKING SPACE FOR BUSINESSES TO OPERATE AND GROW AND HAS AN OCCUPANCY RATE OF 98%. THE DEPARTMENT ALSO PROVIDES AN EXTENSIVE RANGE OF COMMERCIAL AND INDUSTRIAL BUSINESS INCENTIVES THROUGH PARTNERSHIPS WITH GOVERNMENT AGENCIES TO ATTRACT INVESTMENT AND ENSURE THAT EXISTING BUSINESSES CAN THRIVE. THE DEPARTMENT CONTINUED TO SUCCESSFULLY OPERATE MANY PROGRAMS THAT HAVE ATTRACTED THOUSANDS OF JOBS, HUNDREDS OF BUSINESSES, AND HUNDREDS OF MILLIONS OF DOLLARS IN INVESTMENT TO THE SOUTH BRONX THROUGHOUT SOBRO'S HISTORY. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (3 entries)
| ExpenseExpenseAmt | RevenueRevenueAmt | DescDesc |
|---|---|---|
| $432,707 | $755,322 | Industrial Development and Job Creation |
| $125,126 | Community Development | |
| $95,712 | Technical Assistance Programs |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $653,545 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Revenue | $755,322 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $6,330,531 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (true) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 94 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 479 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (true) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (true) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 12 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 12 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (true) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KAREN MCGUINNESS | PersonNm |
| Phone | 7182923113 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 555 BERGEN AVENUE | AddressLine1Txt |
| City | BRONX | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10455 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|---|
| Mark Castle | |||||||
| Chair | 1.0 | 2.3 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Jean Smith | |||||||
| Vice Chair | 1.0 | 2.3 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Arline Parks | |||||||
| Vice Chair | 1.0 | 2.3 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Anthony Riccio | |||||||
| Secretary | 1.0 | 2.3 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Karen McGuinness | |||||||
| Treasurer | 1.0 | 2.3 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Phillip Banks Jr III | |||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| Simon Bergson | |||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| Hugh Grant | |||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| Patricia Rock | |||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| Mark Willis | |||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| Demetric Duckett | |||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| Tracy Woodall | |||||||
| Board Member | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| Steven Brown | |||||||
| President & CEO | 26.5 | 8.5 | Yes (X) | $209,564 | $0 | $16,176 | |
| Lesia Bates | |||||||
| Interim CFO | 26.5 | 8.5 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $209,564 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $16,176 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| 149th Street Realty Associates LP | |||||
| 110 WEST 34TH STREET 9TH FLOOR | NEW YORK | NY | 10001 | RETAIL LEASING | $504,731 |
| Winfield Security | |||||
| 57 WEST 38TH STREET 5TH FLOOR | NEW YORK | NY | 10018 | SECURITY | $346,107 |
| Standard Waterproofing Corporation | |||||
| 701 EAST 134TH STREET | BRONX | NY | 10454 | CONSTRUCTION | $228,587 |
| BATES CONSULTING GROUP LLC | |||||
| 50 PLAZA STREET EAST SUITE 8D | BROOKLYN | NY | 11238 | Management SERVICES | $215,300 |
| GLOBAL CLUSTER NYC CORP | |||||
| 179 W ROCKS Road | BROOKLYN | NY | 06851 | IT Consulting | $127,897 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $134,542 | FundraisingAmt |
| Government Grants | $5,823,281 | GovernmentGrantsAmt |
| All Other Contributions | $2,232,519 | AllOtherContributionsAmt |
| Total Contributions | $8,190,342 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| DEVELOPMENT FEES | 531110 | $4,731,053 | $4,731,053 |
| CONTRACTED SERVICES | 531110 | $755,322 | $755,322 |
| MANAGEMENT FEES | 531110 | $373,818 | $373,818 |
| RENTAL INCOME | 531110 | $337,782 | $337,782 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $6,197,975 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $10,650 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $134,542 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $56,361 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$45,711 | TotalRevenueColumnAmt |
| Exclusion | -$45,711 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $0 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $0 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $0 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $162,729 | TotalRevenueColumnAmt |
| Exclusion | $162,729 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $162,729 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $14,505,335 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $6,197,975 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $117,018 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $238,305 | TotalAmt |
| Program Services | $74,726 | ProgramServicesAmt |
| Management And General | $163,579 | ManagementAndGeneralAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,662,590 | TotalAmt |
| Program Services | $4,081,377 | ProgramServicesAmt |
| Management And General | $2,581,213 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $76,378 | TotalAmt |
| Program Services | $49,560 | ProgramServicesAmt |
| Management And General | $26,818 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $414,919 | TotalAmt |
| Program Services | $252,002 | ProgramServicesAmt |
| Management And General | $162,917 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $526,518 | TotalAmt |
| Program Services | $317,503 | ProgramServicesAmt |
| Management And General | $209,015 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $114,776 | TotalAmt |
| Management And General | $114,776 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,143 | TotalAmt |
| Management And General | $31,143 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,193,229 | TotalAmt |
| Program Services | $446,406 | ProgramServicesAmt |
| Management And General | $746,823 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $962,251 | TotalAmt |
| Program Services | $716,296 | ProgramServicesAmt |
| Management And General | $245,955 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $158,144 | TotalAmt |
| Program Services | $52,717 | ProgramServicesAmt |
| Management And General | $105,427 | ManagementAndGeneralAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,303,204 | TotalAmt |
| Program Services | $125,778 | ProgramServicesAmt |
| Management And General | $1,177,426 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $199,882 | TotalAmt |
| Program Services | $192,406 | ProgramServicesAmt |
| Management And General | $7,476 | ManagementAndGeneralAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $157,995 | TotalAmt |
| Management And General | $157,995 | ManagementAndGeneralAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $311,658 | TotalAmt |
| Management And General | $311,658 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | Program ServicesProgramServicesAmt |
|---|---|---|---|
| BAD DEBT | $336,098 | $336,098 | |
| MISCELLANEOUS | $42,850 | $21,090 | $21,760 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,729,940 | TotalAmt |
| Program Services | $6,330,531 | ProgramServicesAmt |
| Management And General | $6,399,409 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $416,209 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $317,607 | BOYAmt |
| EOY | $890,999 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,769 | BOYAmt |
| EOY | $2,769 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $80,794 | BOYAmt |
| EOY | $151,483 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $7,896,441 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $5,678,444 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,498,252 | BOYAmt |
| EOY | $2,217,997 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,029,456 | BOYAmt |
| EOY | $2,418,456 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,345,087 | BOYAmt |
| EOY | $5,681,704 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,265,250 | BOYAmt |
| EOY | $592,104 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $535,709 | BOYAmt |
| EOY | $0 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,400,478 | BOYAmt |
| EOY | $3,523,457 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $719,972 | BOYAmt |
| EOY | $367,070 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,921,409 | BOYAmt |
| EOY | $4,482,631 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$594,822 | BOYAmt |
| EOY | $1,180,573 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,500 | BOYAmt |
| EOY | $18,500 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$576,322 | BOYAmt |
| EOY | $1,199,073 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,345,087 | BOYAmt |
| EOY | $5,681,704 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $1,775,395 | ReconcilationRevenueExpnssAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consol And Sep Basis Fincl Stmt | Yes (X) | ConsolAndSepBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | false | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,479,248 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,202,738 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $8,223,469 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $8,318,920 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,190,342 | CurrentTaxYearAmt |
| Total | $37,414,717 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,479,248 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,202,738 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $8,223,469 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $8,318,920 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,190,342 | CurrentTaxYearAmt |
| Total | $37,414,717 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $410,801 | SubstantialContributorsTotAmt |
| Public Support Total170 | $37,003,916 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $564 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $147 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $420 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $47 | CurrentTaxYearMinus1YearAmt |
| Total | $1,178 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $176,644 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $55,574 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus1 Year | $387,062 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $162,729 | CurrentTaxYearAmt |
| Total | $782,009 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $38,197,904 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $17,116,779 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.96874 | PublicSupportCY170Pct |
| Public Support PY170 | 0.97550 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amounts | ArtPublicExhibitionAmountsGrp | |
| Held Works Art | HeldWorksArtGrp | |
| CY Minus3 Yr Endwmt Fund | CYMinus3YrEndwmtFundGrp | |
| CY Minus4 Yr Endwmt Fund | CYMinus4YrEndwmtFundGrp |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $133,345 | OtherCostOrOtherBasisAmt |
| Book Value | $133,345 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,099,779 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,082,834 | DepreciationAmt |
| Book Value | $2,016,945 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $12,350 | OtherCostOrOtherBasisAmt |
| Depreciation | $8,329 | DepreciationAmt |
| Book Value | $4,021 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $650,967 | OtherCostOrOtherBasisAmt |
| Depreciation | $587,281 | DepreciationAmt |
| Book Value | $63,686 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Land Buildings | OtherLandBuildingsGrp | |
| Total Book Value Land Buildings | $2,217,997 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| DUE FROM AFFILIATES | $2,232,641 |
| SECURITY DEPOSITS | $45,139 |
| RESTRICTED RESERVES | $332 |
| OTHER ASSETS | $140,344 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $2,418,456 | TotalBookValueOtherAssetsAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| CASH OVERDRAFT | $319,046 |
| SECURITY DEPOSITS | $48,024 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $367,070 | TotalLiabilityAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE D, PART X, LINE 2 | FormAndLineReferenceDesc |
| Explanation | ASC 740 FOOTNOTE MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTITFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. | ExplanationTxt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Gala | Event1Nm |
| Gross Receipts Event1 | $145,192 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $134,542 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $10,650 | GrossRevenueEvent1Amt |
| Food And Beverage Event1 | $39,416 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $2,868 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $14,077 | OtherDirectExpensesEvent1Amt |
| Other Events Total | 0 | OtherEventsTotalCnt |
| Gross Receipts Total | $145,192 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $134,542 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $10,650 | GrossRevenueTotalEventsAmt |
| Food And Beverage Total Events | $39,416 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $2,868 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $14,077 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $56,361 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$45,711 | NetIncomeSummaryAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Steven Brown | PersonNm |
| Title | President & CEO | TitleTxt |
| Base Compensation Filing Org | $209,564 | BaseCompensationFilingOrgAmt |
| Deferred Compensation Flng Org | $8,800 | DeferredCompensationFlngOrgAmt |
| Nontaxable Benefits Filing Org | $7,376 | NontaxableBenefitsFilingOrgAmt |
| Total Compensation Filing Org | $225,740 | TotalCompensationFilingOrgAmt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Lesia Bates | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | OWNS MORE THAN 35% OF Bates Consulting Group, LLC | RelationshipDescriptionTxt |
| Transaction | $327,200 | TransactionAmt |
| Transaction | Management Agreement | TransactionDesc |
| Sharing Of Revenues | false | SharingOfRevenuesInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, LINE 3 | SOUTH BRONX OVERALL ECONOMIC DEVELOPMENT CORPORATION HIRED BATES CONSULTING GROUP, LLC TO PROVIDE AN INTERIM CHIEF FINANCIAL OFFICER. BATES CONSULTING GROUP, LLC PROVIDED LESIA BATES, OWNER OF BATES CONSULTING GROUP, LLC, TO PROVIDE THESE SERVICES. LESIA BATES ACTED AS THE INTERIM CFO FOR SOUTH BRONX OVERALL ECONOMIC DEVELOPMENT CORPORATION AND RELATED ORGANIZATIONS. DURING THE FISCAL YEAR, SOUTH BRONX OVERALL ECONOMIC DEVELOPMENT CORPORATION PAID BATES CONSULTING GROUP, LLC $327,200 FOR THEIR SERVICES. |
| FORM 990, PART VI, SECTION B, LINE 11B | A DRAFT COPY OF THE 990 IS PROVIDED TO THE ORGANIZATION'S GOVERNING BOARD. THE BOARD REVIEWS THE 990 AND MAKES RECOMMENDATIONS FOR CHANGES. THE BOARD THEN APPROVES THE FINAL RETURN BEFORE IT IS SUBMITTED TO THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUALLY THE PRESIDENT REVIEWS THE CONFLICT OF INTEREST POLICY AND QUESTIONAIRES WHICH ARE REQUIRED TO BE SIGNED BY ALL BOARD MEMBERS AND EMPLOYEES INCLUDING DIRECTORS, KEY EMPLOYEES AND OFFICERS. IF ANY CONFLICTS ESIXT, THE PRESIDENT REPORTS ANY CONFLICTS TO THE BOARD CHAIRMAN. IF A CONFLICT EXISTS THE PARTY MUST EXCUSE THEMSELVES FROM DELIBERATIONS. |
| FORM 990, PART VI, SECTION B, LINE 15A | THROUGHOUT SOBRO, COMPENSATION IS MARKET-BASED AND SET AT LEVELS THAT ATTRACT QUALIFIED CANDIDATES FOR ANY GIVEN POSITION, AND ENCOURAGE TOP PERFORMERS TO STAY. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE DOCUMENTS ARE AVAILABLE UPON REQUEST. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| CREDIT INC | ||||||||||
| 555 BERGEN AVENUE | BRONX | NY | 10455 | 133790222 | FINANCIAL SVC | NY | 501(C)(3) | LINE 7 | SBOED | Yes (true) |
| SOBRO DEVELOPMENT CORPORATION | ||||||||||
| 556 BERGEN AVENUE | BRONX | NY | 10456 | 133157572 | DEVELOPMENT | NY | 501(C)(3) | LINE 10 | SBOED | Yes (true) |
| SOBRO LOCAL DEVELOPMENT CORPORATION | ||||||||||
| 557 BERGEN AVENUE | BRONX | NY | 10457 | 132943228 | DEVELOPMENT | NY | 501(C)(3) | LINE 10 | SBOED | Yes (true) |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (6 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Predominant Income TypePredominantIncomeTypeTxt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | UBI Code VUBICodeVAmt | OwnershipOwnershipPct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BRONX NY EAST 188TH STREET APARTMENTS LP | ||||||||||||||
| 555 BERGEN AVENUE | BRONX | NY | 10455 | 453636766 | DEVELOPMENT | NY | NA | N/A | false | false | ||||
| BRONX NY EAST 188TH STREET APARTMENTS LL | ||||||||||||||
| 555 BERGEN AVENUE | BRONX | NY | 10455 | 453636705 | DEVELOPMENT | NY | NA | N/A | false | false | ||||
| BUFNY II ASSOCIATES LP | ||||||||||||||
| 555 BERGEN AVENUE | BRONX | NY | 10455 | 134026540 | DEVELOPMENT | NY | NA | N/A | false | false | ||||
| JASMINE COURTS ASSOCIATES LLC | ||||||||||||||
| 555 BERGEN AVENUE | BRONX | NY | 10455 | 043728664 | DEVELOPMENT | NY | NA | N/A | false | false | ||||
| LONGWOOD APARTMENTS LP | ||||||||||||||
| 556 BERGEN AVENUE | BRONX | NY | 10456 | 113666386 | DEVELOPMENT | NY | SBOED | Excluded | Yes (true) | Yes (true) | -$8,962 | $302 | $0 | 0.00010 |
| WOODCREST LP | ||||||||||||||
| 557 BERGEN AVENUE | BRONX | NY | 10457 | 030436382 | DEVELOPMENT | NY | NA | N/A | false | false | ||||
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (8 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd | Share Of Total IncomeShareOfTotalIncomeAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EAST 188TH STREET APT HDFC | |||||||||||
| 555 BERGEN AVENUE | BRONX | NY | 10455 | 452942756 | DEVELOPMENT | NY | NA | C CORP | |||
| EAST 188TH STREET APT INC | |||||||||||
| 555 BERGEN AVENUE | BRONX | NY | 10455 | 453621216 | DEVELOPMENT | NY | NA | C CORP | |||
| JASMINE COURT HOUSING DEVELOPMENT FUND C | |||||||||||
| 555 BERGEN AVENUE | BRONX | NY | 10455 | 043728665 | DEVELOPMENT | NY | SBOEDC | C CORP | 1.00000 | Yes (true) | |
| LONGWOOD APARTMENTS HOUSING DEVELOPMENT | |||||||||||
| 555 BERGEN AVENUE | BRONX | NY | 10455 | 141858572 | DEVELOPMENT | NY | SBOEDC | C CORP | 1.00000 | Yes (true) | |
| SOBRO GATEWAY HDFC | |||||||||||
| 555 BERGEN AVENUE | BRONX | NY | 10455 | 204869334 | DEVELOPMENT | NY | SBOEDC | C CORP | Yes (true) | ||
| SOBRO LENOX CORP | |||||||||||
| 555 BERGEN AVENUE | BRONX | NY | 10455 | 432072406 | DEVELOPMENT | NY | SBOEDC | C CORP | 1.00000 | Yes (true) | |
| SOBRO MONROE COURT HOUSING DEVELOPMENT F | |||||||||||
| 555 BERGEN AVENUE | BRONX | NY | 10455 | 453853200 | DEVELOPMENT | NY | NA | C CORP | |||
| WOODYCREST HOUSING DEVELOPMENT FUND CORP | |||||||||||
| 555 BERGEN AVENUE | BRONX | NY | 10455 | 562364943 | DEVELOPMENT | NY | SBOEDC | C CORP | 1.00000 | Yes (true) | -$7 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (true) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | Yes (true) | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (true) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (true) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
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