2025-09-02T07:06:31-07:00 2024-12-31 811585294 CNRG Accounting Advisory LLC 1031 33rd St Denver CO 80205 990 2024-01-01 452201993 Commonwise Education Inc COMM 7183040041 2431 Morris Avenue Bronx NY 10468 NICK IUVIENE Treasurer 2025-09-02 true true Chyla Graham P02016884 8449322674 2024 2025-03-06 01:10:19Z SANDRA LOBO 2431 Morris Avenue Bronx NY 10468 314772 false X www.bcdi.nyc X 2011 VT THE ORGANIZATION COORDINATES THE PEOPLE, BUSINESSES AND INSTITUTIONS OF THE BRONX TO DEVELOP SHARED WEALTH AND OWNERSHIP AND SUPPORTS LOW INCOME PEOPLE OF COLOR IN THE DECISION MAKING PROCESS AT EVERY STEP. THIS NETWORK OF STAKEHOLDERS,IS KNOWN AS THE BRONX COOPERATIVE DEVELOPMENT INITIATIVE (BCDI). BASED ON A FRAMEWORK OF ECONOMIC DEMOCRACY, BCDI LEVERAGES EXISTING BRONX ASSETS TO ADDRESS ECONOMIC, SOCIAL, AND ENVIRONMENTAL CHALLENGES WITHIN THE BOROUGH, AND SUPPORTS COLLECTIVE OWNERSHIP MODELS IN ORDER TO DISTRIBUTE WEALTH AND DECISION-MAKING EQUITABLY AND BROADLY AMONG BRONX RESIDENTS. 9 9 7 47 0 600535 312039 41500 0 10988 2733 0 653023 314772 0 0 689963 437852 3375 6750 9285 230805 180633 924143 625235 -271120 -310463 529521 479655 33510 294107 496011 185548 THE ORGANIZATION COORDINATES THE PEOPLE, BUSINESSES AND INSTITUTIONS OF THE BRONX TO DEVELOP SHARED WEALTH AND OWNERSHIP AND SUPPORTS LOW INCOME PEOPLE OF COLOR IN THE DECISION MAKING PROCESS AT EVERY STEP. THIS NETWORK OF STAKEHOLDERS,IS KNOWN AS THE BRONX COOPERATIVE DEVELOPMENT INITIATIVE (BCDI). BASED ON A FRAMEWORK OF ECONOMIC DEMOCRACY, BCDI LEVERAGES EXISTING BRONX ASSETS TO ADDRESS ECONOMIC, SOCIAL, AND ENVIRONMENTAL CHALLENGES WITHIN THE BOROUGH, AND SUPPORTS COLLECTIVE OWNERSHIP MODELS IN ORDER TO DISTRIBUTE WEALTH AND DECISION-MAKING EQUITABLY AND BROADLY AMONG BRONX RESIDENTS. false false 267438 In 2024 BCDI core work was supporting the advancement of a Bronxwide economic development plan grounded in our values of economic democracy and racial justice. In 2024 our coalition moved from planning to our first year of advocacy for implementation of our priority projects. BCDI supported the development of the Sustainable Economy Partnership (SEP). The SEP is a multi-million dollar borough-wide initiative to advance environmental resilience, small business, and workforce development in connection with necessary retrofits of our aging and neglected built environment. We also continued to work on securing the future of our planning work by initiating a partnership with the Bronx Economic Development Corporation (BXEDC) to pursue a Comprehensive Economic Development Strategy (CEDS) grant from the Federal Economic Development Administration. Our successful application for this two year grant allows us to broaden our reach and validate our years of community-led work by having the first Bronxwide economic development plan arise from our multi-year efforts. In 2024, the BronXchange continued the work as a network and service platform that leverages Bronx institutional buying power to build shared wealth. We connected worker cooperatives and other high-road local businesses to new market opportunities and resources, advancing equitable and sustainable procurement across the borough. We continued our services to include front- and back-office services such as marketing, bookkeeping, strategic planning, and web support helping small businesses strengthen operations and adopt equitable practices. By redirecting institutional purchasing and providing targeted technical and financial assistance, we helped scale the impact of worker cooperatives. We also supported ten Bronx-based small business owners in preparing for contracts and capital opportunities through customized research, marketing consulting, and compliance assistance positioning them for long-term growth and impact. 267438 true false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 1 0 true 7 true false false false false false false false 0 false false false false false false false X 9 9 false false false false true true false true true false false true true true true true false false false false NY X Nick Iuviene 7183040041 2431 Morris Avenue Bronx NY 10468 SIDDHARTHA SANCHEZ Executive Dir. 40.00 0.00 X 30769 0 0 SANDRA LOBO President 1.00 0.00 X X 0 0 0 DARIELLA RODRIGUEZ Vice President 1.00 0.00 X X 0 0 0 NICK IUVIENE Treasurer 1.00 0.00 X X 0 0 0 DANNY PERALTA Director 1.00 0.00 X 0 0 0 KELLIE TERRY Director 1.00 0.00 X 0 0 0 WANDA SALAMAN Director 1.00 0.00 X 0 0 0 WENDOLY MARTE Director 1.00 0.00 X 0 0 0 YORMAN NUNEZ Director 1.00 0.00 X 0 0 0 30769 0 false false false 0 312039 312039 0 2733 2733 0 0 0 0 0 0 0 0 314772 2733 0 0 0 0 30769 30769 0 310234 208753 101481 0 64895 3180 61715 31954 31954 0 2500 2500 59275 59275 0 6750 6750 0 20299 15859 4440 0 18433 560 17870 3 0 0 73068 39061 31475 2532 0 0 0 0 0 0 6381 6381 Meals 677 25 652 0 625235 267438 348512 9285 15024 285748 2733 235598 454440 0 0 0 0 0 8175 7458 81980 81980 0 0 0 0 0 0 529521 479655 33510 10132 283975 33510 294107 X 496011 185548 496011 185548 529521 479655 -310463 X false false false X 1548949 889863 1155550 600535 312039 4506936 0 0 1548949 889863 1155550 600535 312039 4506936 0 4506936 2745 2272 5379 10988 2733 24117 0 0 4531053 0.99470 0.74190 X 81980 81980 Form 990, Part VI, Section B, Line 11b A COPY OF THE FORM 990 WILL BE PROVIDED TO THE PRESIDENT, PRIOR TO SUBMISSION TO THE INTERNAL REVENUE SERVICE. Form 990, Part VI, Section B, Line 12c CONFLICT OF INTEREST POLICY WAS ADOPTED AT BOARD MEETING BY UNANIMOUS RESOLUTION DATED MAY 24, 2011. ALL BOARD MEMBERS ARE REQUIRED TO COMPLETE AN ANNUAL DISCLOSURE OF ANY CONFLICTS TO DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. AFTER DISCLOSURE OF THE FINANCIAL INTEREST, ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. THE PROCEDURES OF ADDRESSING THE CONFLICT OF INTEREST IS AS FOLLOWS: (1) AN INTEREST PERSON SHALL LEAVE THE MEETING DURING THE DISCUSSION OF THE TRANSACTION OR ARRANGEMENT INVOLVING POSSIBLE CONFLICT OF INTEREST. ANY INTERESTED PERSON SHALL NOT ATTEMPT TO INFLUENCE THE BOARD OF DIRECTORS REGARDING THE CONFLICT MATTER. (2) THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. (3) AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN, WITH REASONABLE EFFORTS, A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. (4) IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, AND WHETHER IT IS FAIR AND REASONABLE AND IN CONFORMITY WITH THE ABOVE DETERMINATION, THEN IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT Form 990, Part VI, Section C, Line 19 No other documents available to the public.