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Nonprofit · EIN 11-3243580

BOROUGH DEVELOPMENT GROUP

Tax-exempt · BROOKLYN, NY 11212

Financials

$373K$343K2024
Revenue Expenses · by fiscal year end
Financials of BOROUGH DEVELOPMENT GROUP by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$373,081$342,952$30,129$2,183,545$1,519,577$663,968
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$372,053
Investment income
$1,028
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$19,790
Occupancy
$118,696
Depreciation
$60,183
Program services (functional)
$320,993
Management and general (functional)
$21,959

Balance sheet and other

Total assets, start of year
$2,144,314
Total assets, end of year
$2,183,545
Total liabilities, end of year
$1,519,577
Net assets, end of year
$663,968
Land, buildings and equipment
$1,125,737
Net assets without donor restrictions
$663,968
Gross receipts
$373,081
Employees
0
Volunteers
6
Year formed
1994
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
MAURICE REIDCHAIRMAN
Trustee or director, Officer
1$0
PAUL F CHANDLERVICE-PRESIDENT
Trustee or director, Officer
1$0
PAUL J ACINAPURATREASURER
Trustee or director, Officer
1$0
WALTER CAMPBELLSECRETARY
Trustee or director, Officer
1$0
JEFFREY DUNSTONBOARD MEMBER
Trustee or director
1$0
DOUGLAS G GILESBOARD MEMBER
Trustee or director
1$0

Address and contacts

Address (IRS master file)
408 ROCKAWAY AVENUE 309, BROOKLYN, NY 11212-5634
In care of
% PAUL J ACINAPURA
Principal officer (990 for 2024)
MAURICE REID, 408 ROCKAWAY AVENUE 309, BROOKLYN, NY 112125634
Signed the 990
PAUL J ACINAPURA, TREASURER
Phone
(718) 485-3137
Return prepared by
PKF O'CONNOR DAVIES ADVISORY LLC

Mission

THE ORGANIZATION WAS FORMED TO ASSIST IN COMMUNITY HEALTH PLANNING FOR MEDICALLY UNDERSERVED AREAS OF THE CITY OF NEW YORK IN ORDER TO FACILIATE THE EFFECTIVE ORGANIZATION, DEVELOPMENT, FINANCING AND OPERATION IN THOSE COMMUNITIES OF MEDICAL CLINICS AND OTHER PROVIDERS.

990 for the year ended December 31, 2024

Program accomplishments

  • THE ORGANIZATION ASSISTS IN COMMUNITY HEALTH PLANNING FOR MEDICALLY UNDERSERVED AREAS OF THE CITY OF NEW YORK IN ORDER TO FACILIATE THE EFFECTIVE ORGANIZATION, DEVELOPMENT, FINANCING AND OPERATION IN THOSE COMMUNITIES OF MEDICAL CLINICS AND OTHER PROVIDERS OF PRIMARY AND OTHER ESSENTIAL HEALTH CARE TO LOW-INCOME AND NEEDY COMMUNITY RESIDENTS.
    Expenses $320,993 · revenue $372,053

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
11-3243580
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1996
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E30)
Assets (IRS master file)
$2,183,545
Income (IRS master file)
$373,081

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$369,315$315,547$2,144,314IRS
990December 2022$368,887$274,625$2,146,615IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about BOROUGH DEVELOPMENT GROUP

What is the EIN of BOROUGH DEVELOPMENT GROUP?
The employer identification number (EIN) of BOROUGH DEVELOPMENT GROUP is 11-3243580.
Is BOROUGH DEVELOPMENT GROUP tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
Are donations to BOROUGH DEVELOPMENT GROUP tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BOROUGH DEVELOPMENT GROUP file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of BOROUGH DEVELOPMENT GROUP due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BOROUGH DEVELOPMENT GROUP last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of BOROUGH DEVELOPMENT GROUP?
The 990 for the year ended December 31, 2024 names MAURICE REID.
Who are the officers and directors of BOROUGH DEVELOPMENT GROUP?
The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does BOROUGH DEVELOPMENT GROUP have?
On its 990 for the year ended December 31, 2024 it reported revenue of $373,081, expenses of $342,952 and total assets of $2,183,545 at year end.

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