2024-02-05T10:49:22-06:00 2023-06-30 WithumSmithBrown PC ONE TOWER CENTER BLVD 14TH FL EAST BRUNSWICK NJ 08816 990 2022-07-01 133079387 BRONX OVERALL ECONOMIC DEVELOPMENT CORPORATION % ROBERT WALSH BRON 7185906201 851 GRAND CONCOURSE ROOM 123 BRONX NY 104512937 Robert Walsh PRESIDENT 7185906201 2024-01-16 true Robert Walsh 999009999 Catherine Bendall P00521196 7328281614 2024-01-16 2 2022 2023-04-26 12:10:37Z BXEDC Robert Walsh 851 GRAND CONCOURSE ROOM 123 BRONX NY 104512937 53588548 false X www.BXEDC.org X 1981 NY Assist bronx Businesss to expand and encourage start-up in or relocation to Bronx County. 11 10 13 50 0 1311343 1450339 25476 15846 39898 253408 0 0 1376717 1719593 54561 103539 0 0 966721 1010016 0 0 131605 726916 1079899 1748198 2193454 -371481 -473861 26821106 26832621 240883 340633 26580223 26491988 X THE MISSION OF BOEDC IS TO ASSIST EXISTING BRONX BASED BUSINESSES TO EXPAND AND TO ENCOURAGE ADDITIONAL BUSINESSES TO START-UP IN OR RELOCATE TO BRONX COUNTY. IN FULFILLING THIS MISSION BOEDC SEEKS TO MAXIMIZE EMPLOYMENT OPPORTUNITIES FOR BRONX RESIDENTS. BOEDC PROVIDES A WIDE ARRAY OF PROGRAMS AND SERVICES TO ITS CLIENTS, INCLUDING SITE SELECTION; SPECIAL PROJECTS; PROCUREMENT ASSISTANCE; LIASON SERVICES WITH GOVERNMENT AGENCIES; INFORMATION DISSEMINATION; JOB DEVELOPMENT AND CAPACITY BUILDING. false false 794864 88439 Bronx Tourism Council - Bronx Tourism Council was formed in 1992 to work with governmental and nongovernmental groups to promote tourism in the Bronx and create awareness of residents to the borough's attractions. The major events to promote awareness are Bronx Week; Tour de Bronx, the Trolley and various ethnic events throughout the year. 647752 15000 Empowerment 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 is 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 goal is to create permanent jobs by means of business development within the target zones. 483125 100 15846 Economic Development - Under this program, the Corporation performs research and analysis regarding current economic developments, marketing and promotion of the Bronx through various media, provides real estate assistance to Bronx businesses that are expanding as well as to those businesses that are interested in moving into the Bronx; offers financial services information and assistance to Bronx businesses, provides technical commercial revitalization assistance to Bronx businesses as well as entrepreneurial assessment and technical assistance in developing a profitable business. The program is funded predominantly by the City of New York through the Office of the Borough President of the Bronx and funding from the New York State Assembly. 1925741 true true false false false false false false false false true false false false true true true false false false false false false false true false false true false false false false false true false false false false false false false false false false false false false true X 45 0 true 13 true false false false false false true true false false false false false false false X 11 10 false false false false false false false true true false false true true true true true true true true false NY X ROBERT WALSH 9179123795 851 GRAND CONCOURSE BRONX NY 10451 Duncan Still CFO 40.0 0.0 X 131093 0 12442 Robert Walsh President 40.0 0.0 X X 40769 0 0 Rafael Roger Vice President 40.0 0.0 X 20000 0 0 Clarence Stanley Jr Interim Chair of The Board 1.0 0.0 X X 0 0 0 Kathy Zamechansky Vice Chair 1.0 0.0 X X 0 0 0 Benjamin Arana Secretary 1.0 0.0 X X 0 0 0 Julio Reyes Jr Board Member 1.0 0.0 X 0 0 0 Jose Perez Board Member 1.0 0.0 X 0 0 0 Winston Peters Board Member 1.0 0.0 X 0 0 0 Phillip Grant Board Member 1.0 0.0 X 0 0 0 Nallely De Jess Board Member 1.0 0.0 X 0 0 0 Lourdes Zapata Board Member 1.0 0.0 X 0 0 0 Yesenia Quinones Board Member 1.0 0.0 X 0 0 0 191862 0 12442 1 false false false 0 X 77244 1006162 366933 1450339 INTEREST INCOME - LOANS 525990 15818 15818 LOAN FEES 525990 28 28 15846 382 382 0 0 0 0 0 51932000 51678974 253026 253026 253026 189981 77244 189981 0 0 0 0 0 0 0 1719593 15846 253408 X 103539 103539 0 0 0 318251 282794 35457 0 0 573535 473233 73921 26381 0 49043 43677 3521 1845 69187 58809 8302 2076 0 306 270 12 24 48039 42362 1921 3756 0 0 0 79540 70138 3182 6220 59536 59536 200185 184488 8173 7524 4769 4769 0 0 0 0 33575 24301 9274 0 0 4604 4604 40463 38844 1619 BAD DEBT EXPENSE 168618 132118 36500 COMMUNITY EVENTS 402259 402259 INDIRECT SPECIAL EVENT EXPENSE 38005 38005 2193454 1925741 136108 131605 X 3149401 1361313 4535308 2489824 476287 763767 0 0 0 0 0 0 1486531 1112355 0 0 20279 29322 453518 157614 123806 295904 16974468 20769800 0 0 0 0 0 0 55026 10336 26821106 26832621 156079 224822 0 0 83993 115000 0 0 0 0 0 0 0 0 0 0 811 811 240883 340633 X 4936513 4814038 21643710 21677950 26580223 26491988 26821106 26832621 -473861 385626 X false true X true false X 1447108 1670182 1848260 1311343 1450339 7727232 0 278064 278064 278064 183116 184040 1201348 1725172 1948246 2126324 1494459 1634379 8928580 9997 8918583 222231 184127 115510 16392 382 538642 0 3350 4573 7923 9475145 155280 0.94126 0.93280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 107000 107000 453518 157614 188904 295904 0 DUE TO FUNDER 811 811 X 2289259 385626 184040 569666 1719593 1719593 2377494 184040 184040 2193454 2193454 Form 990, Schedule D, Part X, Line 2 The Corporation is exempt from Federal income taxes pursuant to the provisions of Section 501(c)(3) of the Internal Revenue Code and from New York State income taxes under applicable state law. Accordingly, no provision for Federal or state income taxes has been recorded in the statements of activities. Management has determined that there are no uncertain tax positions at the Corporation as of June 30, 2023 and 2022. In addition, the Corporation has no income tax related penalties or interest for the periods reported in these financial statements. Bronx Event 267225 77244 189981 189981 0 267225 77244 189981 189981 189981 true KRVC Development Corporation 505 W 236th St Bronx NY 10463 133097905 501(c)3 63439 Community Events To Increase Business and Promote Tourism Foundation For A Better Puerto Rico PO BOX 938 Culebra PR 00775 660817772 501(c)3 25000 Provision of Assistance to Victims of Hurricane Fiona Claudy's Kitchen 5981 Broadway Bronx NY 10471 330583133 15000 Working Capital Grant To Support Business Launched During Covid 19 Pandemic 2 1 Grant Monitoring BOEDC monitors each grant in three ways: 1) site visits are made before grants are approved, and then when requests for payments are made, in order to ensure that the expenditure for which the grant has been approved has in fact been, or is at least in the process of, being incurred 2), in some cases, where an initial deposit payment is made (and this is only where it has been demonstrated that such an initial deposit payment is needed, and so it is intended, to get the project started) all requests for payment include a certification by the project-manager for the grantee that certifies that the requested payment is properly for grant-related expenditure(s), and the payment request also includes supporting documentation as to this; and 3) payments are preferably and generally made only directly to the vendors, and where they are made to the grantees this is done only upon the receipt by BOEDC of invoices that have already been paid (as confirmed through a site visit). KZA Realty Group Inc Owned by Vice Chair of the Board COVID-19 Assistance X 60000 32000 false true true 32000 Form 990, Part VI, Section B, Line 11B The Draft of the Form 990 will be provided to the executive committee for their review and approval. A final copy will be distributed to the full board prior to filing the form 990. Form 990, Part VI, Section B, Line 12C The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part VI, Section B, Line 15 A budget is prepared by the fiscal department, which includes the executive director's and officers' compensation, and is ultimately approved by the Board of Directors. Form 990, Part VI, Section C, Line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.