SOBRO DEVELOPMENT CORPORATION

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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

1981

Legal Domicile

Principal Officer

JASON GARCIA

Phone

7182923113

Tax Period

2024-07-01 to 2025-06-30

SOBRO DEVELOPMENT CORPORATION, founded in 1981, is a micro nonprofit in the Community Improvement sector that reported $60K in total revenue in fiscal year 2024. Expenses of $338K exceeded revenue, resulting in a 464% operating deficit.

Mission

THE ORGANIZATION'S PRIMARY FUNCTION IS TO ADDRESS SOUTH BRONX'S NEED FOR DEVELOPMENT OF LOCAL BUSINESSES. THE ORGANIZATION OWNS AND LEASES PROPERTIES IN THE SOUTH BRONX THAT ARE RENTED TO LOCAL BUSINESSES.

Program Service Accomplishments

Program 1

Expenses: $288,336 Revenue: $59,915

THE ORGANIZATION'S PRIMARY FUNCTION IS TO ADDRESS SOUTH BRONX'S NEEDS FOR DEVELOPMENT OF LOCAL BUSINESSES. THE ORGANIZATION OWNS AND LEASES PROPERTIES IN THE SOUTH BRONX THAT ARE RENTED TO LOCAL...

THE ORGANIZATION'S PRIMARY FUNCTION IS TO ADDRESS SOUTH BRONX'S NEEDS FOR DEVELOPMENT OF LOCAL BUSINESSES. THE ORGANIZATION OWNS AND LEASES PROPERTIES IN THE SOUTH BRONX THAT ARE RENTED TO LOCAL BUSINESSES.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $59,916

Investment Income $0

Other Revenue $0

TOTAL REVENUE $59,916

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $288,336

Other Expenses $338,031

TOTAL EXPENSES $338,031

Year-over-Year Comparison

	2024	2023	Change
Revenue	$59,916	N/A	N/A
Expenses	$338,031	N/A	N/A
Net Income	$-278,115	$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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$127,037

Total Directors

Key Employees

Highest Compensated

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	$59,916	$338,031	$10,329,312	$-278,115
2023	$202,703	$611,996	$10,319,467	$-409,293
2023	$1,036,433	$1,492,075	$10,778,145	$-455,642
2022	$965,131	$2,056,039	$9,864,971	$-1,090,908
2021	$888,658	$1,310,399	$9,571,825	$-421,741
2020	$910,859	$530,502	$9,294,912	$380,357
2019	$2,178,909	$1,376,117	$8,140,479	$802,792
2018	$1,134,937	$1,445,101	$8,727,768	$-310,164
2018	$1,134,937	$1,445,101	$8,727,768	$-310,164
2017	$1,289,613	$2,141,313	$7,035,016	$-851,700