NonprofitsBusiness Initiative Corporation Of New York

Community Improvement & Capacity Building

Business Initiative Corporation Of New York

BRONX, NY

Total revenue

$592K

Total expenses

$770K

Net assets

$242K

Grants received

$13K

4 grants

EIN

134088607

Tax year

2023

Mission

THE CORPORATION WORKS WITH THE SBA AND PRIVATE LENDERS TO PROVIDE FINANCING TO all sectors of the Bronx and New York State business community to support economic development.

Financials

FY 2023

Revenue

Contributions & grants$58K
Program service revenue$525K
Investment income$10K
Other revenue
Total revenue$592K

Expenses

Grants paid
Salaries & benefits$345K
Fundraising$20K
Other expenses$425K
Total expenses$770K
Total assets$788K
Net assets$242K

People

18 listed

NameRoleCompensation

Rafael Roger

President

Board

$157K

40 hrs/wk

Syed Ahsan

DIRECTOR

Board

1 hrs/wk

Dolores Batista

DIRECTOR

Board

1 hrs/wk

Gustavo Buitrago

DIRECTOR

Board

1 hrs/wk

Hugh Campbell

DIRECTOR

Board

1 hrs/wk

Joseph Coleman

Treasurer/Director

Board

1 hrs/wk

Sandra Erickson

Vice Chair/DIRECTOR

Board

1 hrs/wk

Jessica Johnson

Secretary/DIRECTOR

Board

1 hrs/wk

James Lanfranchi

Board Chairman/DIRECTOR

Board

1 hrs/wk

Ralph Bumbaca

DIRECTOR

Board

1 hrs/wk

Mark Simshauer

Director

Board

1 hrs/wk

Deodat Singh

Director

Board

1 hrs/wk

Lola Gazivoda

DIRECTOR

Board

1 hrs/wk

Anthony Mormile

DIRECTOR

Board

1 hrs/wk

Robert Walsh

Director

Board

1 hrs/wk

Rosa Diaz

Director

Board

1 hrs/wk

Carlos M Santana

Director

Board

1 hrs/wk

Byron Logan

Director

Board

1 hrs/wk

Grants received

Showing 4 of 4

FromAmountPurposeYear
$6K
Bronx SBA Community Advantage Loan Program
2024
$3K
General & Unrestricted
2023
$1K
LEADERSHIP NEW YORK - CORO
2023
$3K
General & Unrestricted
2022

Funded by

$13K from 2 funders · 4 grants · 2022–2024

Webster Bank Charitable Foundation

$12K · 3 grants · 2022–2024

Td Charitable Foundation

$1K · 1 grant · 2023

Details

EIN134088607
NTEE codeS40
Subsection03
Ruling date2001-09
Formed1994
Employees4
Volunteers17
BUSINESS INITIATIVE CORPORATION OF NEW YORK — Mission, Financials & Grants Received | Grantivo