Bronx Overall Economic Development Corporation

EIN: 133079387 501(c)(3)

Bronx, NY

Total Revenue
$3,495,333
Total Expenses
$3,653,773
Total Assets
$26,457,812
Net Assets
$25,590,921
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
NY
Principal Officer
Winston Peters
Phone
7185906201
Tax Period
2024-07-01 to 2025-06-30

Bronx Overall Economic Development Corporation, founded in 1981, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Net assets of $25.6M represent 88 months of operating reserves.

Mission

The Bronx Overall Economic Development Corporation ("BXEDC")assists bronx Businesses to expand and to encourage start-up or relocation to Bronx County.

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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 $2,569,337
Program Service Revenue $98,918
Investment Income $826,658
Other Revenue $420
TOTAL REVENUE $3,495,333

Expense Breakdown

Grants Paid $336,447
Salaries & Benefits $1,406,668
Fundraising Expenses $345,690
Program Expenses $2,806,387
Other Expenses $1,910,658
TOTAL EXPENSES $3,653,773

Year-over-Year Comparison

2024 2023 Change
Revenue $3,495,333 $2,816,534 +0.2%
Expenses $3,653,773 $3,836,460 0.0%
Net Income $-158,440 $-1,019,926 -0.8%
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

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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
17
Independent Members
15
Employees
25
Volunteers
150

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
$373,816
Total Directors
17
$250,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robert Walsh President 40.0
Officer Director
$230,000 $0 $230,000
Angely Orbe Chief Financial Officer 40.0
Officer
$130,000 $13,816 $143,816
Rafael Roger Board Member 1.0
Director
$20,000 $0 $20,000
Clarence Stanley Jr Chairman 1.0
Officer Director
$0 $0 $0
Kathy Zamechansky Vice Chair 1.0
Officer Director
$0 $0 $0
Julio E Reyes Jr Board Member 1.0
Director
$0 $0 $0
Brian Smith Board Member 1.0
Director
$0 $0 $0
Winston Peters Board Member 1.0
Director
$0 $0 $0
Phillip Grant Board Member 1.0
Director
$0 $0 $0
Nallely De Jess Board Member 1.0
Director
$0 $0 $0
Lourdes Zapata Board Member 1.0
Director
$0 $0 $0
Yesenia Quinones Board Member 1.0
Director
$0 $0 $0
Eddy Bayardelle PhD BOARD MEMBER 1.0
Director
$0 $0 $0
Dan Herdoon Secretary 1.0
Officer Director
$0 $0 $0
Patricia Simone Board Member 1.0
Director
$0 $0 $0
Dr Susan L Parish Board Member 1.0
Director
$0 $0 $0
Kevin Kim Board Member 1.0
Director
$0 $0 $0
Vanessa L Gibson Board Member 1.0
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 $3,495,333 $3,653,773 $26,457,812 $-158,440
2024 No data No data No data No data
2023 $1,719,593 $2,193,454 $26,832,621 $-473,861
2022 $1,376,717 $1,748,198 $26,821,106 $-371,481
2021 $2,319,012 $1,837,808 $27,862,417 $481,204
2020 $2,023,010 $1,747,993 $28,320,847 $275,017
2019 $1,890,018 $1,940,317 $27,986,207 $-50,299
2018 $1,998,595 $2,372,802 $28,381,951 $-374,207
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