BRONX, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SOUTH BRONX OVERALL ECONOMIC DEVELOPMENT CORPORATION, founded in 1972, is a community nonprofit in the Community Improvement sector that reported $8.9M in total revenue in fiscal year 2022. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $10.7M exceeded revenue, resulting in a 20% operating deficit.
OUR MISSION IS TO ENHANCE THE QUALITY OF LIFE IN THE SOUTH BRONX BY STRENGTHENING BUSINESSES AND CREATING INNOVATIVE ECONOMIC, HOUSING, EDUCATIONAL, AND CAREER DEVELOPMENT PROGRAMS FOR YOUTH AND ADULTS. SOBRO WAS FOUNDED IN 1972 BY A GROUP OF BUSINESS EXECUTIVES AND COMMUNITY LEADERS. OUR TASK WAS URGENT: REVERSE THE FLIGHT OF BUSINESSES AND JOBS FROM THE SOUTH BRONX. IT WAS THE FIRST AND MOST FUNDAMENTAL STEP TOWARD REBUILDING A COMMUNITY WHOSE NAME EVOKED IMAGES OF BURNED BUILDINGS, CRIME, POVERTY AND DRUGS. BUT AS SOBRO BEGAN TO EVOLVE, IT BECAME CLEARER THAT COMMUNITY REVITALIZATION REQUIRED A MULTI-FACETED EFFORT. TODAY, WE ADDRESS ALL ASPECTS OF COMMUNITY DEVELOPMENT: ASSISTING BUSINESSES TO GET STARTED AND GROW, TRAINING RESIDENTS ACCORDING TO THE NEEDS OF EMPLOYERS, OFFERING OPPORTUNITIES FOR YOUTH TO LEARN AND DEVELOP, AND CREATING AFFORDABLE HOUSING AND COMMERCIAL SPACES THAT REVERSE BLIGHT IN THE COMMUNITY.
THE YOUTH DEVELOPMENT AND EDUCATION DEPARTMENT PROVIDED AFTER-SCHOOL SUMMER YOUTH EMPLOYMENT, AND OUT-OF-SCHOOL YOUTH SERVICES TO 2,100 YOUNG PEOPLE BETWEEN THE AGES OF 5 AND 24. IN-SCHOOL AND...
THE YOUTH DEVELOPMENT AND EDUCATION DEPARTMENT PROVIDED AFTER-SCHOOL SUMMER YOUTH EMPLOYMENT, AND OUT-OF-SCHOOL YOUTH SERVICES TO 2,100 YOUNG PEOPLE BETWEEN THE AGES OF 5 AND 24. IN-SCHOOL AND AFTER-SCHOOL PROGRAMS ASSISTED A TOTAL OF 1,040 ELEMENTARY, MIDDLE AND HIGH SCHOOL STUDENTS WITH HOMEWORK AND TUTORING, COLLEGE PREPARATION, ARTS AND CULTURAL ACTIVITIES, AND LEADERSHIP DEVELOPMENT. ADDITIONALLY, SUMMER INTERNSHIPS WERE PROVIDED TO OVER 700 YOUTH THROUGH OUR SYEP PROGRAM AND 179 FOR SYEP/WLH PROGRAM DURING THE WINTER. PARTICIPANTS WERE PROVIDED ACADEMIC SUPPORT, CAREER AWARENESS TRAINING, WORK SKILLS DEVELOPMENT, AND LEADERSHIP TRAINING. THE SOBRO TRANSFORMATION ACADEMY, WHICH IS A COMBINATION OF THE YOUTHBUILD PROGRAM AND YOUNG ADULT JUSTICE SCHOLARS PROGRAM, SERVES AT-RISK YOUNG ADULTS TO EARN THEIR HSE AND OBTAIN POST-SECONDARY EDUCATION/JOB PLACEMENT.
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...
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.
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...
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $8,860,427 | $12,019,062 | -0.3% |
| Expenses | $10,667,730 | $12,192,704 | -0.1% |
| Net Income | $-1,807,303 | $-173,642 | +9.4% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MARK L CASTLE | BOARD CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ARLINE PARKS | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KAREN MCGUINNESS | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANTHONY M RICCIO JR | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARK WILLIS | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| TIFFANI HINDS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MAYRA LINARES-GARCIA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| HUGH GRANT | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PLINIO AYALA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LAUREN GEORGE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM BILL BOLLINGER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CONOR MCCARTHY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JENNIFER RIVERA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PATRICIA NIA ROCK | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PRISCA SALAZAR-RODRIGUEZ | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LOURDES ZAPATA | PRESIDENT & CEO | 32.00 |
Officer
|
$245,053 | $38,748 | $283,801 |
| ROBBIN FINNEY-GRANSTON | SVP PROGRAMS | 32.00 |
Officer
|
$102,985 | $10,642 | $113,627 |
| DELILAH TYSON | CAO | 32.00 |
Officer
|
$135,519 | $8,767 | $144,286 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | No data | No data | No data | No data |
| 2023 | $8,860,427 | $10,667,730 | $10,232,191 | $-1,807,303 |
| 2022 | $12,019,062 | $12,192,704 | $9,441,146 | $-173,642 |
| 2021 | $8,304,857 | $8,235,656 | $9,807,233 | $69,201 |
| 2021 | $9,485,057 | $8,348,588 | $11,273,834 | $1,136,469 |
| 2020 | $15,134,013 | $11,266,838 | $7,389,551 | $3,867,175 |
| 2019 | $14,505,335 | $12,729,940 | $5,681,704 | $1,775,395 |
| 2018 | $11,284,630 | $14,028,345 | $5,345,087 | $-2,743,715 |
| 2018 | $10,866,144 | $11,657,311 | $11,675,328 | $-791,167 |
Compare SOUTH BRONX OVERALL ECONOMIC DEVELOPMENT CORPORATION with other nonprofits in New York and across the country.