WEST BRIGHTON COMMUNITY LOCAL DEVELOPMENT CORPORATION

EIN: 133046424 501(c)(3) Community Improvement

STATEN ISLAND, NY

Total Revenue
$535,739
Total Expenses
$478,040
Total Assets
$494,597
Net Assets
$468,997
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
NY
Principal Officer
TERESA CIRELLI
Phone
7188164775
Tax Period
2024-07-01 to 2025-06-30

WEST BRIGHTON COMMUNITY LOCAL DEVELOPMENT CORPORATION, founded in 1980, is a small nonprofit in the Community Improvement sector that reported $536K in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $478K left a modest 11% surplus.

Mission

THE WEST BRIGHTON COMMUNITY LOCAL DEVELOPMENT CORPORATION DBA STATEN ISLAND BUSINESS OUTREACH CENTER (SIBOC) WAS ESTABLISHED AS A NOT-FOR-PROFIT CORPORATION THAT IS DEDICATED TO MAKING STATEN ISLAND, NEW YORK A BETTER PLACE TO LIVE AND SHOP. OUR PROGRAMS ARE DESIGNED TO ATTRACT NEW BUSINESSES AND ASSIST EXISTING BUSINESSES IN EXPANSION, RENOVATIONS, PROMOTIONS, AND INTERACTIONS WITH GOVERNMENT AGENCIES. SIBOC, THROUGH OUR SMALL BUSINESS DEVELOPMENT SERVICES, EMPOWERS UNDERSERVED AND LOW- AND MODERATE-INCOME (LMI) ENTREPRENEURS AND SMALL BUSINESS OWNERS, THROUGH A COMBINATION OF BUSINESS ASSISTANCE AND WORKFORCE DEVELOPMENT. VARIOUS SERVICES ARE AVAILABLE TO ASSIST BUSINESS OWNERS SUCH AS: ONE TO ONE BUSINESS COUNSELING, FINANCIAL LITERACY, LOAN APPLICATIONS ASSISTANCE AND SERVICES FROM GOVERNMENT, UNDERSTAND REGULATORY REQUIREMENTS AND HOW TO BECOME COMPLIANT; SEMINARS ON BUSINESS TOPICS AND TECHNOLOGY CLASSES. SIBOC PROVIDES MINORITY AND WOMEN BUSINESS OWNERS WITH OUTSTANDING SUPPORT

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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 $456,917
Program Service Revenue $74,064
Investment Income $398
Other Revenue $4,360
TOTAL REVENUE $535,739

Expense Breakdown

Grants Paid $0
Salaries & Benefits $308,243
Fundraising Expenses $0
Program Expenses $415,114
Other Expenses $169,797
TOTAL EXPENSES $478,040

Year-over-Year Comparison

2024 2023 Change
Revenue $535,739 $388,047 +0.4%
Expenses $478,040 $335,289 +0.4%
Net Income $57,699 $52,758 +0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
7
Volunteers
N/A

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
5
$87,500
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NINA FLORES EXECUTIVE DI 40.00
Officer
$87,500 $0 $87,500
ENRICO BAWAR DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL BLOOMFIELD TREASURER 1.00
Officer Director
$0 $0 $0
ERIC CAMPIONE DIRECTOR 1.00
Director
$0 $0 $0
TIMOTHY CASTANZA DIRECTOR 1.00
Director
$0 $0 $0
TERESA CIRELLI PRESIDENT 1.00
Officer Director
$0 $0 $0
DOREEN CUGNO DIRECTOR 1.00
Director
$0 $0 $0
MAUREEN FAIRLIE DIRECTOR 1.00
Director
$0 $0 $0
TIFFANY FEO DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH CUOZZO MBA DIRECTOR 1.00
Director
$0 $0 $0
ROBERT MYERS DIRECTOR 1.00
Director
$0 $0 $0
NANCY NIX SECRETARY 1.00
Officer Director
$0 $0 $0
ROY A RUCCI VICE PRESIDE 1.00
Officer Director
$0 $0 $0
LAURA VOLSARIO DIRECTOR 1.00
Director
$0 $0 $0
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 $535,739 $478,040 $494,597 $57,699
2024 $388,047 $335,289 $438,052 $52,758
2023 $386,289 $286,299 $384,673 $99,990
2022 $316,732 $254,375 $279,609 $62,357
2021 $288,037 $203,554 $207,041 $84,483
2020 $231,075 $206,853 $144,451 $24,222
2019 $255,222 $268,288 $98,538 $-13,066
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