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EIN 13-3157572

SoBro Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Bronx
State
New York
Year formed
1981
Most recent tax filings
2023-03-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
SoBro Development Corporation encourages the development, retention, and expansion of industry and commerce in the South Bronx. The organization addresses the South Bronx's need for the development of local businesses, owning and leasing properties that are rented to local businesses.
Related structure
SoBro Development Corporation is a subordinate organization under South Bronx Overall Economic Development Corporation (SoBRO).
Total revenues
$1,036,433
2023
Total expenses
$1,492,075
2023
Total assets
$10,778,145
2023
Num. employees
0
2023

Program areas at SoBro Development Corporation

The organization's primary function is to address south bronx's needs for Development of local businesses. The organization owns and leases properties in the south bronx that are rented to local businesses.

Who funds SoBro Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Network for GoodUnrestricted$5,147

Personnel at SoBro Development Corporation

NameTitleCompensation
Lourdes ZapataPresident and Chief Executive Officer / Senior Vice President$0
Robin Finney-GranstonChief Financial Officer$0
Delilah TysonChief Administrative Officer$0
Karen McGuinnessBoard Vice Chair$0
Mark L. CastleBoard Chair$0
...and 11 more key personnel

Financials for SoBro Development Corporation

RevenuesFYE 03/2023
Total grants, contributions, etc.$0
Program services$1,015,869
Investment income and dividends$0
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$20,564
Total revenues$1,036,433

Form 990s for SoBro Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-032024-12-10990View PDF
2022-032023-08-31990View PDF
2021-032023-06-13990View PDF
2020-032022-12-08990View PDF
2019-032021-07-28990View PDF
...and 11 more Form 990s
Data update history
October 24, 2024
Updated personnel
Identified 4 new personnel
October 23, 2023
Posted financials
Added Form 990 for fiscal year 2022
October 23, 2023
Updated personnel
Identified 1 new personnel
August 3, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 30, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsChapter / child organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelManagement and technical assistanceTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
555 Bergen Ave 3rd Floor
Bronx, NY 10455
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
Bronx County, NY
Website URL
sobro.org/ 
Phone
(718) 292-3113
IRS details
EIN
13-3157572
Fiscal year end
March
Taxreturn type
Form 990
Year formed
1981
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Subordinate organization
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