New York · Nonprofit
Bronx Overall Economic Development Corporation
Bronx Overall Economic Development Corporation (New York) receives grants from 16 organizations whose IRS filings report $1,611,551 to it, the largest being CAPITAL ONE FOUNDATION INC ($400,000). 7 of them have funded it in more than one year.
- Revenue FY2025
- $3.5M
- Funders on record
- 16
- Grants received
- $1.6M
- Net assets
- $26M
What Bronx Overall Economic Development Corporation does
Mission
Bronx Overall Economic Development Corporation (the "corporation") is a new york nonprofit organization, organized in 1981. The corporation was established to promote economic growth in the bronx, new york by providing loans and grants to businesses located in the bronx, consulting services to present and future companies, and on-the-job training. The corporation is funded primarily through governmental and foundation grants and contributions.
As stated on its FY2025 Form 990.
Programs
Economic Development - Under this program, the Corporation performs research and analysis regarding current economic developments, marketing, and promotion of the Bronx through various media channels, ensuring that local businesses, investors, and residents are informed about opportunities within the borough. As the administrator of the Bronx Empowerment Zone, the Corporation actively supports businesses by providing real estate assistance, helping Bronx-based companies expand their operations, and facilitating the relocation of businesses looking to establish a presence in the Bronx. This includes site selection, navigating zoning and land use policies, and liaising with city agencies to streamline the expansion process. Additionally, the Corporation offers financial services information and assistance, helping businesses secure capital through a variety of loan programs, including the SBA 7(a) loan program, Bronx Empowerment Zone loan funds, and other small business lending initiatives. By leveraging partnerships with financial institutions and economic development agencies, the Corporation ensures that Bronx businesses, particularly minority- and women-owned enterprises…
$1,107,764 spentof which $500 as grants$98,918 earned by the program39% of program spendingEmpowerment zone - The Empowerment Zone program includes the operation of two loan programs for qualified Bronx Empowerment Zone companies. The Corporation is the administrator of the Bronx portion of the New York City Empowerment Zone. This program was a part of the President's Empowerment Zone and Enterprise Community Initiative. The goals of the program within the Bronx are economic development, sustainable community development, the development of community-based partnerships, and the development of a strategic vision of change. The Empowerment Zone programs offer loans at low interest rates and long repayment terms in exchange for the borrower's commitment to hire Bronx Empowerment Zone residents. The partners in this enterprise and the entities funding the program are the City of New York, the New York State Urban Development Corporation (doing business as the Empire State Development Corporation) ("ESDC"), and the United States Department of Housing and Urban Development. Fundamental to achieving the program's goal is the creation of permanent jobs through business development within the target zones. The legislation that supported the Empowerment Zones ended on December…
$715,133 spentof which $323,946 as grants25% of program spendingThe Bronx Tourism Council was established in 1992 to collaborate with governmental and nongovernmental organizations to promote tourism in the Bronx and showcase the borough's diverse attractions. Through strategic partnerships and community engagement, the Council highlights the Bronx as a premier destination for both visitors and residents. A signature initiative is Bronx Week, an annual celebration that honors the Bronx's history, culture, and contributions to the arts, business, and civic life. A key feature of Bronx Week is the Bronx Walk of Fame, which recognizes distinguished individuals who have made a lasting impact.To enhance this tradition, the Council is launching the Bronx Walk of Fame mobile app in 2025, offering an interactive way for users to explore the borough's most celebrated figures and landmarks. Other major events include Tour de Bronx, New York State's largest free cycling event, which brings riders from across the region to explore the borough's scenic and historic routes, and Savor the Bronx, an annual restaurant week that showcases the Bronx's growing culinary scene, from classic eateries to emerging gastronomic hotspots. The Council also engages in…
$983,490 spentof which $62,001 as grants35% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $2,806,387.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $28M to $27M (−4%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 41% · 2018 51% · 2019 50% · 2020 71% · 2021 40% · 2022 61% · 2023 59% · 2024 48% · 2025 51%. Grants only. Government contracts and fees sit inside program revenue.
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 7 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Clarence Stanley Jr
Chairman
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 3 funders to 6 funders, grant income rose $91k → $181k.
4 of 16 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 23% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of Bronx Overall Economic Development Corporation’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
Bronx Overall Economic Development Corporation has a broad base — no single funder exceeds 25% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
66% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Bronx Overall Economic Development Corporation.
Largest funder’s share by year: 2017 80% · 2018 53% · 2019 49% · 2020 83% · 2021 84% · 2022 38% · 2023 51% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
0% of Bronx Overall Economic Development Corporation's funders are still giving 3 years after their first grant; 44% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
63% of Bronx Overall Economic Development Corporation's grant income comes from New York funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $365k arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Government funding Bronx Overall Economic Development Corporation receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $1.1M on record.
- Department of Housing and Urban Development$650k
- Department of Commerce$400k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like Bronx Overall Economic Development Corporation
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New York
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
77% of spending goes to programs.
Governance
Public support
99%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for Bronx Overall Economic Development Corporation: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds Bronx Overall Economic Development Corporation?
- Bronx Overall Economic Development Corporation (New York) receives grants from 16 organizations whose IRS filings report $1,611,551 to it, the largest being CAPITAL ONE FOUNDATION INC ($400,000). 7 of them have funded it in more than one year.
- How many funders does Bronx Overall Economic Development Corporation have?
- IRS filings report 16 organizations giving $1,611,551 in grants to Bronx Overall Economic Development Corporation, 7 of which have funded it in more than one year.
- Who is the largest funder of Bronx Overall Economic Development Corporation?
- CAPITAL ONE FOUNDATION INC is the largest funder on record, with $400,000 in grants. The full list of funders is on this page.
- How can an organization like Bronx Overall Economic Development Corporation find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 16 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing