New York · Nonprofit
SOUTH BRONX OVERALL ECONOMIC DEVELOPMENT CORPORATION
SOUTH BRONX OVERALL ECONOMIC DEVELOPMENT CORPORATION (New York) receives grants from 14 organizations whose IRS filings report $3,602,675 to it, the largest being EXPANDED SCHOOLS INC ($1,903,070). 9 of them have funded it in more than one year.
- Revenue FY2023
- $8.9M
- Funders on record
- 14
- Grants received
- $3.6M
- Net assets
- $3.8M
What South Bronx Overall Economic Development Corporation does
Mission
Our mission is to enhance the quality of life in the south bronx by strengthening businesses and creating innovative economic, housing, educational, and career development programs for youth and adults. Sobro was founded in 1972 by a group of business executives and community leaders. Our task was urgent: reverse the flight of businesses and jobs from the south bronx. It was the first and most fundamental step toward rebuilding a community whose name evoked images of burned buildings, crime, poverty and drugs. But as sobro began to evolve, it became clearer that community revitalization required a multi-faceted effort. Today, we address all aspects of community development: assisting businesses to get started and grow, training residents according to the needs of employers, offering opportunities for youth to learn and develop, and creating affordable housing and commercial spaces that reverse blight in the community.
As stated on its FY2023 Form 990.
Programs
The youth development and education department provided after-school summer youth employment, and out-of-school youth services to 2,100 young people between the ages of 5 and 24. In-school and after-school programs assisted a total of 1,040 elementary, middle and high school students with homework and tutoring, college preparation, arts and cultural activities, and leadership development. Additionally, summer internships were provided to over 700 youth through our syep program and 179 for syep/wlh program during the winter. Participants were provided academic support, career awareness training, work skills development, and leadership training. The sobro transformation academy, which is a combination of the youthbuild program and young adult justice scholars program, serves at-risk young adults to earn their hse and obtain post-secondary education/job placement.
$1,156,392 spent55% of program spendingSobro has more than two decades of experience developing and managing commercial and residential properties, evidenced by our portfolio of over 450 units of affordable and market rate housing and over 120,000 square feet of commercial, industrial, and office space in the bronx and upper manhattan. Sobro's housing development efforts include rehabilitating existing buildings and creating new buildings in vacant space to transform blighting influences into beautiful and viable spaces for living and working. One of sobro's goals and part of our comprehensive strategy for community develoment is to increase the availability of rental housing for low and moderate-income families. To this end, we build new housing, rehabilitate vacant properties, and prevent deteriorating housing stock from becoming abandoned.
$358,604 spent$84,353 earned by the program17% of program spendingIn fy2023, sobro provided career development services to hundred of individuals, placing them into employment and delivering job-readiness training, which included a customer service training component and nationally recognized certification in customer service. Sobro's outcomes for adult education classes have consistently surpassed program evaluation targets.
$58,206 spent3% of program spendingAll other programs
$525,519 spent25% of program spending
The 4 programs described on its FY2023 Form 990, listed largest first by expense. Program spending in total: $2,098,721.
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. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2017 to 2018, from $8.8M to $5.3M (−39%).
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 71% · 2018 73% · 2019 40% · 2020 48% · 2021 86% · 2022 78% · 2023 91%. Grants only. Government contracts and fees sit inside program revenue.
92% of SOUTH BRONX OVERALL ECONOMIC DEVELOPMENT CORPORATION’s revenue is contributions — more donation-reliant than the typical peer (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 7 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.
Chief executive
Lourdes Zapata
President & CEO
Board chair
Mark L Castle
Board chair
As listed on its FY2023 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 2 funders to 3 funders, grant income rose $360k → $375k.
4 of 14 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 6% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $589k from one payer (the payer shares this organization's board, largest Sobro Development Corporation). These are real filings, and they are not money SOUTH BRONX OVERALL ECONOMIC DEVELOPMENT CORPORATION raised.
From the IRS filings of SOUTH BRONX OVERALL ECONOMIC DEVELOPMENT CORPORATION’s funders (the co-funder graph). Top 13 of 14 funders by total. 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
SOUTH BRONX OVERALL ECONOMIC DEVELOPMENT CORPORATION leans on a few funders — its largest provides 53% of grant income and the top three 88%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
65% 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 SOUTH BRONX OVERALL ECONOMIC DEVELOPMENT CORPORATION.
Largest funder’s share by year: 2017 100% · 2018 54% · 2019 87% · 2020 56% · 2021 36% · 2022 44% · 2023 53% — 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
43% of SOUTH BRONX OVERALL ECONOMIC DEVELOPMENT CORPORATION's funders are still giving 3 years after their first grant; 64% 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
95% of SOUTH 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. $201k arriving through sponsors registered in 2 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.
Against its field
SOUTH BRONX OVERALL ECONOMIC DEVELOPMENT CORPORATION's funding base is broadening — from 2 funders to 3 as grant income climbed.
this organization peer median middle 50% of peers· 3,903 community improvement nonprofits $1M–$10M, FY2023
Government funding SOUTH BRONX OVERALL ECONOMIC DEVELOPMENT CORPORATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $4.2M on record.
- Department of Commerce$2.4M
- Department of Defense$1.8M
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 SOUTH 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
75% of spending goes to programs.
Governance
Public support
95%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 17 related entities
- Credit Inc · exempt
- Sobro Development Corporation · exempt
- Sobro Local Development Corporation · exempt
- Bronx East 188th Street Apartments · partnership
- Bronx Ny East 188th Street Apt · partnership
Screen this organization
A dated, signed PDF of the compliance screen for SOUTH 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 SOUTH BRONX OVERALL ECONOMIC DEVELOPMENT CORPORATION?
- SOUTH BRONX OVERALL ECONOMIC DEVELOPMENT CORPORATION (New York) receives grants from 14 organizations whose IRS filings report $3,602,675 to it, the largest being EXPANDED SCHOOLS INC ($1,903,070). 9 of them have funded it in more than one year.
- How many funders does SOUTH BRONX OVERALL ECONOMIC DEVELOPMENT CORPORATION have?
- IRS filings report 14 organizations giving $3,602,675 in grants to SOUTH BRONX OVERALL ECONOMIC DEVELOPMENT CORPORATION, 9 of which have funded it in more than one year.
- Who is the largest funder of SOUTH BRONX OVERALL ECONOMIC DEVELOPMENT CORPORATION?
- EXPANDED SCHOOLS INC is the largest funder on record, with $1,903,070 in grants. The full list of funders is on this page.
- How can an organization like SOUTH 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.
Play a game about who funds South Bronx Overall Economic Development →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2023 (financials across 2017–2023), and the filings of 14 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 14, 2026. What this page cannot tell you · view filing