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 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

Program Service Accomplishments

Program 1
Expenses: $261,619

BUSINESS SERVICES AND TRAINING - SIBOC PROVIDES INDIVIDUAL COUNSELING, WORKSHOPS, AND SEMINARS TO NEW AND EMERGING ENTREPRENEURS SEEKING TO OPEN AND/OR GROW THEIR BUSINESS. BUSINESS DEVELOPMENT...

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BUSINESS SERVICES AND TRAINING - SIBOC PROVIDES INDIVIDUAL COUNSELING, WORKSHOPS, AND SEMINARS TO NEW AND EMERGING ENTREPRENEURS SEEKING TO OPEN AND/OR GROW THEIR BUSINESS. BUSINESS DEVELOPMENT SERVICES PROVIDED TO UNDERSERVED ENTREPRENEURS IN THE BOROUGH OF STATEN ISLAND. ASSIST BUSINESS OWNERS WITH LOAN APPLICATIONS AND SERVICES FROM GOVERNMENT, UNDERSTAND REGULATORY REQUIREMENTS AND HOW TO BECOME COMPLIANT; HOLD SEMINARS ON BUISNESS TOPICS AND PROVIDE TECHNOLOGY CLASSES. SIBOC PROVIDES MINORITY AND WOMEN BUSINESS OWNERS WITH OUTSTANDING SUPPORT SERVICES IN OBTAINING CITY, STATE AND FEDERAL M/WBE CERTIFICATION AND LICENSES, AND WORK WITH CITY AND STATE AGENCIES TO EXPAND THEIR ACCESS TO PROCUREMENT OPPORTUNITIES.

Program 2
Expenses: $153,495

SIBOC'S ENTREPRENEURSHIP ASSISTANCE CENTER (EAC) IS A FULL-SERVICE CENTER THAT SUPPORTS NEW YORK CITY AREA ENTREPRENEURS AND SMALL BUSINESS OWNERS THROUGH ITS HOLISTIC TRAINING AND COACHING. OUR EAC...

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SIBOC'S ENTREPRENEURSHIP ASSISTANCE CENTER (EAC) IS A FULL-SERVICE CENTER THAT SUPPORTS NEW YORK CITY AREA ENTREPRENEURS AND SMALL BUSINESS OWNERS THROUGH ITS HOLISTIC TRAINING AND COACHING. OUR EAC CENTER PROVIDES INSTRUCTION, TRAINING, AND ONE-ON-ONE COUNSELING IN VARIOUS LANGUAGES TO HELP ASPIRING ENTREPRENEURS, FIRST-TIME AND EXISTING BUSINESS OWNERS TO DEVELOP BUSINESS, PROBLEM-SOLVING AND MANAGEMENT SKILLS TO TURN THEIR BUSINESS CONCEPTS INTO REALITY AND MAKE THE RIGHT DECISIONS. THE EMPHASIS IS ON HELPING INDIVIDUALS DEVELOP SUCCESSFUL, RESILIENT, AND LASTING BUSINESSES.EACS OFFER A WIDE RANGE OF TECHNICAL ASSISTANCE SERVICES, INCLUDING: EVALUATING THE FEASIBILITY OF STARTING A NEW BUSINESS, REFINING A BUSINESS CONCEPT AND BUSINESS PLAN, BUSINESS REGISTRATION ASSISTANCE, SKILLS BUILDING IN THE APPLICATION OF BUSINESS MANAGEMENT PRINCIPLES AND PRACTICES, A 60-HOURS BUSINESS PLAN TRAINING COURSE, LEARN FINANCIAL MANAGEMENT SKILLS, DEVELOP AND EXECUTE MARKETING STRATEGIES, WEBSITE DEVELOPMENT AND THE DESIGN OF ECOMMERCE PLATFORMS, LEARN TO SELL PRODUCTS AND SERVICES ONLINE, COUNSELING AND GUIDANCE IN IDENTIFYING AND ACCESSING CAPITAL AND CREDIT SERVICES, ASSISTANCE WITH STATE PROCUREMENT PROGRAMS, CERTIFICATION ASSISTANCE TO NEW YORK STATE MINORITY/WOMEN-OWNED BUSINESS ENTERPRISES AND MENTORING.

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Trantor Score

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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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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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