EIN 13-3591350

Harlem Business Alliance

IRS 501(c) type
501(c)(3)
Num. employees
10
Year formed
1990
Most recent tax filings
2022-12-01
NTEE code, primary
Description
Harlem Business Alliance provides technical assistance, workshops, and a support system for Black-owned businesses in NYC to promote sustainability and growth.
Total revenues
$653,673
2022
Total expenses
$629,972
2022
Total assets
$757,221
2022
Num. employees
10
2022

Program areas at Harlem Business Alliance

TDX/MTA - In conjunction with TDX Construction Corporation and the NYC Metropolitan Transportation Authority(MTA) Small Business Development Program (SBDP), HBA addresses the needs and long-term sustainability of small growth potential entrepreneurs by providing business management support, using a training while doing approach, to minority and women owned firms that have a vision to succeed, the ambition to try, and the need for hands on assistance. HBA assisted over 50 businesses that have since been awarded contracts.
Certified Development Financial Institution (CDFI)- The CDFI Funds program purpose is to promote economic revitalization and community development through investment in and assistance to CDFIs. The award was to build the capacity of for-profit and non-profit community based lending organizations to serve rural and urban low income people and communities across the nation that lack adequate access to affordable financial products and services . HBA was awarded an opportunity to expand our services and offerings to prepare for CDFI certification.
FINANCIAL LITERACY - NYC DEPARTMENT OF SMALL BUSINESS SERVICES: HBAs one-on-one technical assistance builds on its workshops and includes, but is not limited to, helping entrepreneurs with strategic and financial planning, utilizing technology, branding and social media. HBA presented/co-hosted 40 virtual workshops, and spent 300 hours on 49 clients (an average of 6 hrs per client). Individual consultations were conducted, oftentimes 6 days a week.
MWBE LEADERSHIP ASSOCIATION - NYC DEPARTMENT OF SMALL BUSINESS SERVICES: HBA delivered extensive business education workshops and one-to-one technical assistance, MWBE (Minority and Women-owned Business Enterprise) certification assistance, and financial education workshops. HBA helped 102 businesses to become certified MWBE to not only compete for and perform on City contracts, but to grow their businesses as well. HBA provided over 250 hours of technical assistance to over 30 entrepreneurs and small businesses via one-on-one counseling and technical assistance on starting a business, discussing the elements of a business plan, advising on marketing and business plan strategies and other relevant topics. HBA also hosted networking events, pop up experiences for product-based businesses, and connected businesses to partnering organizations.
DYCD - With funding support from the Department of Youth and Community Development, HBA successfully delivered intensive business education workshops and one-on-one assistance to residents of Harlem eager to acquire skills in business plan development, customer marketing, and financial statement management. More than 50 entrepreneurs participated in either in-person or virtual workshops. After completion, entrepreneurs presented their business concepts to a panel of judges for a chance to secure seed funding and co-working space provided by HBA. As a result, these businesses have since crafted robust business plans and implemented growth strategies.
UPPER MANHATTAN EMPOWERMENT ZONE(UMEZ): HBA was contracted by UMEZ to promote its Hybrid Microloan Program and to provide technical assistance to loan applicants and to upper Manhattan small businesses seeking to become certified (or re-certified)Minority /Women Business Enterprises with the City of New York.
Office of Cannabis Management(OCM)- Harlem Business Alliance and the Office of Cannabis Management (OCM) partnered to facilitate dialogue amongst minority business owners in New York State. The listening sessions were aimed to uplift the lived experience of our members and partner organizations to inform the states cannabis policies and the overall social and economic equity plan. These efforts help contribute to OCMs goal of 50 percent of adult-use cannabis licenses owned by qualifying social and economic equity applicants.

Personnel at Harlem Business Alliance

NameTitleCompensation
Monique HectorExecutive Director$29,528
Regina SmithPast Executive Director$91,100
Adrianne C. SmithSecretary$0
Walter J EdwardsFounder and Chairman$0
Larry DaisFirst Vice Chair$0
...and 3 more key personnel

Financials for Harlem Business Alliance

RevenuesFYE 12/2022
Total grants, contributions, etc.$650,623
Program services$2,626
Investment income and dividends$424
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$653,673

Form 990s for Harlem Business Alliance

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-03990View PDF
2021-122022-08-26990View PDF
2020-122021-08-27990View PDF
2019-122020-08-10990View PDF
2018-122019-12-06990View PDF
...and 11 more Form 990s
Data update history
November 25, 2024
Updated personnel
Identified 1 new personnel
January 18, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 10, 2024
Updated personnel
Identified 1 new personnel
June 10, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 21, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Trade associationsBusiness and community development organizationsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
Receives government fundingGala fundraisersTax deductible donationsAccepts online donations
General information
Address
275 Lenox Ave FL Ste 2nd
New York, NY 10027
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
hbany.org/ 
IRS details
EIN
13-3591350
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1990
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
813910: Trade Associations
Parent/child status
Independent
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