SOBRO LOCAL DEVELOPMENT CORPORATION

EIN: 132943228 501(c)(3) Community Improvement

BRONX, NY

Total Revenue
N/A
Total Expenses
N/A
Total Assets
$485,214
Net Assets
$-265
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
NY
Principal Officer
JASON GARCIA
Phone
7182923113
Tax Period
2024-07-01 to 2025-06-30

Mission

SOBRO LOCAL DEVELOPMENT CORPORATION ENGOURAGES THE DEVELOPMENT, RETENTION, AND EXPANSION OF INDUSTRY AND COMMERCE PRIMARILY IN THE SOUTH BRONX COMMUNITY.

Program Service Accomplishments

Program 1

SOBRO LOCAL DEVELOPMENT CORPORATION ENGOURAGES THE DEVELOPMENT, RETENTION, AND EXPANSION OF INDUSTRY AND COMMERCE PRIMARILY IN THE SOUTH BRONX COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2024 2023 Change
Revenue N/A N/A N/A
Expenses N/A N/A N/A
Net Income N/A $0 N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$127,037
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY M RICCIO JR SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
MARK WILLIS BOARD CHAIR 1.00
Director
$0 $0 $0
WILLIAM BILL BOLLINGER BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER RIVERA BOARD MEMBER 1.00
Director
$0 $0 $0
AUBREY HURSE BOARD MEMBER 1.00
Director
$0 $0 $0
JASON GARCIA EXECUTIVE DIRECTOR 3.00
Officer
$0 $80,000 $127,037
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data $485,214 No data
2023 No data $705 $8 No data
2022 $47,050 $539,835 $713 $-492,785
2021 $152,959 $155,344 $852,431 $-2,385
2020 $266,013 $23,085 $528,883 $242,928
2019 $383,603 $1,580,953 $458,245 $-1,197,350
2018 $443,908 $426,522 $1,575,912 $17,386
2018 $359,507 $426,522 $1,160,788 $-67,015
2017 $400,153 $385,883 $2,232,336 $14,270
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