NonprofitsSouth Bronx Overall Economic Development Corporation

Community Improvement & Capacity Building

South Bronx Overall Economic Development Corporation

BRONX, NY

Total revenue

$8.9M

Total expenses

$10.7M

Net assets

$3.8M

Grants received

$3.4M

23 grants

EIN

132736022

Tax year

2022

Mission

To enhance the quality of life in the south bronx by strengthening businesses and creating innovative economic, housing, educational and career development programs.

Programs

3 programs

Sobro has more than two decades of experience developing and managing commercial and residential properties, evidenced by our portfolio of over 450 units of affordable and market rate housing and over 120,000 square feet of commercial, industrial, and office space in the bronx and upper manhattan. Sobro's housing development efforts include rehabilitating existing buildings and creating new buildings in vacant space to transform blighting influences into beautiful and viable spaces for living and working. One of sobro's goals and part of our comprehensive strategy for community develoment is to increase the availability of rental housing for low and moderate-income families. To this end, we build new housing, rehabilitate vacant properties, and prevent deteriorating housing stock from becoming abandoned.

Expenses: $1.4M

In fy2021, sobro provided career development services to hundred of individuals, placing them into employment and delivering job-readiness training, which included a customer service training component and nationally recognized certification in customer service. Sobro's outcomes for adult education classes have consistently surpassed program evaluation targets.

Expenses: $221K

Industrial development and job creation community and technical assistance

Expenses: $2.0M

Financials

FY 2022

Revenue

Contributions & grants$8.1M
Program service revenue$739K
Investment income$13K
Other revenue$1K
Total revenue$8.9M

Expenses

Grants paid
Salaries & benefits$6.1M
Fundraising$232K
Other expenses$4.6M
Total expenses$10.7M
Total assets$10.2M
Net assets$3.8M

People

18 listed

NameRoleCompensation

LOURDES ZAPATA

PRESIDENT & CEO

Board

$245K

32 hrs/wk

DELILAH TYSON

CAO

Board

$136K

32 hrs/wk

ROBBIN FINNEY-GRANSTON

SVP PROGRAMS

Board

$103K

32 hrs/wk

ANTHONY M RICCIO JR

SECRETARY

Board

1 hrs/wk

MARK WILLIS

TREASURER

Board

1 hrs/wk

TIFFANI HINDS

BOARD MEMBER

Board

1 hrs/wk

MAYRA LINARES-GARCIA

BOARD MEMBER

Board

1 hrs/wk

HUGH GRANT

BOARD MEMBER

Board

1 hrs/wk

PLINIO AYALA

BOARD MEMBER

Board

1 hrs/wk

MARK L CASTLE

BOARD CHAIR

Board

1 hrs/wk

WILLIAM BILL BOLLINGER

BOARD MEMBER

Board

1 hrs/wk

CONOR MCCARTHY

BOARD MEMBER

Board

1 hrs/wk

JENNIFER RIVERA

BOARD MEMBER

Board

1 hrs/wk

PATRICIA NIA ROCK

BOARD MEMBER

Board

1 hrs/wk

PRISCA SALAZAR-RODRIGUEZ

BOARD MEMBER

Board

1 hrs/wk

LAUREN GEORGE

BOARD MEMBER

Board

1 hrs/wk

ARLINE PARKS

VICE CHAIR

Board

1 hrs/wk

KAREN MCGUINNESS

VICE CHAIR

Board

1 hrs/wk

Independent contractors

CAREY & CO

ACCOUNTING

$510K

DS410 LLC

IT SERVICES

$295K

KOSZYN AND COMPANY

FUNDRAISING

$169K

TRUE DEVELOPMENT

PROPERTY CONSULTING

$131K

Grants received

Showing 23 of 23

FromAmountPurposeYear
$192K
EXPANDED LEARNING TIME
2023
$175K
SUPPORT ADVANCED TRAINING ENTREPRENEURSHIP AND CERTIFICATION INITIATIVE FOR YOUTH
2023
$14K
PROGRAM SUPPORT
2023
$275K
STEPS II ADVANCED EMPLOYMENT TRAINING FOR YOUNG ADULTS
2022
$250K
COMMUNITY PROGRESS MAKERS
2022
$200K
EXPANDED LEARNING TIME
2022
$90K
SOBRO'S STEPS TO SUCCESS
2022
$25K
ACQUISITION AND REHAB OF AFFORDABLE HOUSING
2022
$189K
EXPANDED LEARNING TIME
2021
$50K
PROGRAM SUPPORT: SMALL BUSINESS STRENGTH
2021
$2K
GENERAL OPERATING SUPPORT
2021
$166K
EXPANDED LEARNING
2020
$140K
COMMUNITY PRESERVATION AND DEVELOPMENT
2020
$200
GENERAL OPERATING SUPPORT
2020
$190K
EXPANDED LEARNING
2019
$193K
EXPANDED LEARNING
2018
$38K
PROGRAM FULLFULLMENT
2018
$321K
AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.
2017
$321K
AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE.
2017
$195K
EXPANDED LEARNING
2017
$268K
AN UNRESTRICTED GRANT TO FURTHER the donee's exempt purpose.
2016

Funded by

$3.4M from 11 funders · 23 grants · 2016–2023

Expanded Schools Inc

$1.3M · 7 grants · 2017–2023

Sobro Development Corporation

$910K · 3 grants · 2016–2017

Mother Cabrini Health Foundation Inc

$540K · 3 grants · 2022–2023

Citi Foundation

$250K · 1 grant · 2022

Enterprise Community Partners Inc

$165K · 2 grants · 2020–2022

The Trustees Of Columbia University

$123K · 1 grant · 2017

The Bronx Community Foundation Inc

$50K · 1 grant · 2021

Convoy Of Hope

$38K · 1 grant · 2018

Details

EIN132736022
NTEE codeS31Z
Subsection03
Ruling date1973-08
Formed1972
Employees358
Volunteers17
SOUTH BRONX OVERALL ECONOMIC DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo