Nonprofit · EIN 13-3157572
SOBRO DEVELOPMENT CORPORATION
Tax-exempt · BRONX, NY 10455
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $59,916 | $338,031 | -$278,115 | $10,329,312 | $15,084,072 | -$4,754,760 |
| June 30, 2023 | 990 | $202,703 | $611,996 | -$409,293 | $10,319,467 | $14,560,829 | -$4,241,362 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $59,916
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $33
- Program services (functional)
- $288,336
- Management and general (functional)
- $49,695
Balance sheet and other
- Total assets, start of year
- $10,336,615
- Total assets, end of year
- $10,329,312
- Total liabilities, end of year
- $15,084,072
- Net assets, end of year
- -$4,754,760
- Land, buildings and equipment
- $7,496,625
- Net assets without donor restrictions
- -$4,754,760
- Gross receipts
- $59,916
- Employees
- 0
- Volunteers
- 5
- Year formed
- 1981
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JASON GARCIA | EXECUTIVE DIRECTOR Officer | 3 | $0 | $47,037 | $80,000 |
| ANTHONY M RICCIO JR | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARK WILLIS | BOARD CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| WILLIAM BILL BOLLINGER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JENNIFER RIVERA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| AUBREY HURSE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK L CASTLE | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| ARLINE PARKS | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| KAREN MCGUINNESS | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| MARK WILLIS | TREASURER Trustee or director, Officer | 1 | $0 |
| ANTHONY M RICCIO JR | SECRETARY Trustee or director, Officer | 1 | $0 |
| MAYRA LINARES-GARCIA | BOARD MEMBER Trustee or director | 1 | $0 |
| HUGH GRANT | BOARD MEMBER Trustee or director | 1 | $0 |
| PLINIO AYALA | BOARD MEMBER Trustee or director | 1 | $0 |
| TIFFANI HINDS | BOARD MEMBER Trustee or director | 1 | $0 |
| WILLIAM BILL BOLLINGER | BOARD MEMBER Trustee or director | 1 | $0 |
| LAUREN GEORGE | BOARD MEMBER Trustee or director | 1 | $0 |
| CONOR MCCARTHY | BOARD MEMBER Trustee or director | 1 | $0 |
| JENNIFER RIVERA | BOARD MEMBER Trustee or director | 1 | $0 |
| PATRICIA NIA ROCK | BOARD MEMBER Trustee or director | 1 | $0 |
| PRISCA SALAZAR-RODRIGUEZ | BOARD MEMBER Trustee or director | 1 | $0 |
| LOURDES ZAPATA | PRESIDENT & CEO Officer | 3 | $0 |
| DELILAH TYSON | CAO Officer | 3 | $0 |
| ROBIN FINNEY-GRANSTON | CFO Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 555 BERGEN AVENUE 3RD FLOOR, BRONX, NY 10455-1368
- In care of
- % KAREN MCGUINNESS
- Principal officer (990 for 2024)
- JASON GARCIA, 555 BERGEN AVENUE 3RD FLOOR, BRONX, NY 10455
- Signed the 990
- JASON GARCIA, EXECUTIVE DIRECTOR
- Phone
- (718) 292-3113
- Return prepared by
- SAX ADVISORS LLC
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 accomplishments
- 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.Expenses $288,336 · revenue $59,915
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | No data |
IRS record
- EIN
- 13-3157572
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1983
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S310)
- Assets (IRS master file)
- $10,329,312
- Income (IRS master file)
- $59,916
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990 | June 2023 | – | – | – | IRS |
| 990 | March 2023 | $1,036,433 | $1,492,075 | $10,778,145 | IRS |
| 990 | March 2022 | $965,131 | $2,056,039 | $9,864,971 | IRS |
| 990 | March 2021 | $888,658 | $1,310,399 | $9,571,825 | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | IRS |
| 990 | March 2018 | – | – | – | IRS |
| 990 | March 2017 | – | – | – | 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 SOBRO DEVELOPMENT CORPORATION
- What is the EIN of SOBRO DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of SOBRO DEVELOPMENT CORPORATION is 13-3157572.
- Is SOBRO DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to SOBRO DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOBRO DEVELOPMENT CORPORATION 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 SOBRO DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOBRO DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SOBRO DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names JASON GARCIA.
- Who are the officers and directors of SOBRO DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does SOBRO DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $59,916, expenses of $338,031 and total assets of $10,329,312 at year end.
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All nonprofits in BRONX · New York · Community improvement and capacity building