HARLEM BUSINESS ALLIANCE INC

Financials

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.

Address and contacts

Address (IRS master file)

275 LENOX AVENUE, NEW YORK, NY 10027-5515

In care of

% WALTER EDWARDS

Signed the 990

WALTER EDWARDS, PRESIDENT

Phone

(212) 665-7010

Website

WWW.HBANY.ORG

Return prepared by

DABHN Consulting Inc

Mission

HBA AIMS TO FACILITATE THE CREATION, SUSTAINABILITY AND GROWTH OF NYC BUSINESSES, PARTICULARLY FOCUSING ON BLACK-OWNED BUSINESSES BY PROVIDING INTENSIVE, CULTURALLY COMPETENT TECHNICAL ASSISTANCE, INNOVATIVE BUSINESS EDUCATION WORKSHOPS, AND A BUSINESS SUPPORT CENTER.

Program accomplishments

• FINANCIAL LITERACY - NYC DEPARTMENT OF SMALL BUSINESS SERVICES: HBA PROVIDED COMPREHENSIVE IN-PERSON ONE-ON-ONE TECHNICAL ASSISTANCE AND WORKSHOPS, SUPPORTING OVER 274 INDIVIDUALS WITH STRATEGIC AND FINANCIAL PLANNING, TECHNOLOGY ADOPTION, BRANDING, AND SOCIAL MEDIA. APPROXIMATELY 443 HOURS OF ONE-ON-ONE TECHNICAL ASSISANCE WAS PROVIDED TO HBAS CLIENTS (OR APPROXIMATELY 40 HOURS PER MONTH).
  Expenses $121,575 · revenue $132,085
• MWBE LEADERSHIP ASSOCIATION - NYC DEPARTMENT OF SMALL BUSINESS SERVICES: HBA DELIVERED EXTENSIVE BUSINESS EDUCATION WORKSHOPS AND ONE-TO-ONE TECHNICAL ASSISTANCE, MWBE (MINORITY AND WOMEN-OWNED BUSINESS ENTERPRISE) CERTIFICATION ASSISTANCE, AND FINANCIAL EDUCATION WORKSHOPS. HBA HELPED 80 BUSINESSES TO NOT ONLY COMPETE FOR AND PERFORM ON CITY CONTRACTS, BUT TO GROW THEIR BUSINESSES AS WELL. 12 OF THOSE BUSINESSES BECAME CERTIFIED. HBA PROVIDED OVER 307 HOURS OF TECHNICAL ASSISTANCE TO OVER 30 ENTREPRENEURS AND SMALL BUSINESSES VIA ONE-ON-ONE COUNSELING AND TECHNICAL ASSISTANCE ON STARTING A BUSINESS, DISCUSSING THE ELEMENTS OF A BUSINESS PLAN, ADVISING ON MARKETING AND BUSINESS PLAN STRATEGIES AND OTHER RELEVANT TOPICS. HBA ALSO HOSTED NETWORKING EVENTS, POP UP EXPERIENCES FOR PRODUCT-BASED BUSINESSES, AND CONNECTED BUSINESSES TO PARTNERING ORGANIZATIONS.
  Expenses $91,042 · revenue $96,022
• TDX/MTA - IN CONJUNCTION WITH TDX CONSTRUCTION CORPORATION AND THE NYC METROPOLITAN TRANSPORTATION AUTHORITY(MTA) SMALL BUSINESS DEVELOPMENT PROGRAM (SBDP), HBA ADDRESSES THE NEEDS AND LONG-TERM SUSTAINABILITY OF SMALL GROWTH POTENTIAL ENTREPRENEURS BY PROVIDING BUSINESS MANAGEMENT SUPPORT, USING A TRAINING WHILE DOING APPROACH, TO MINORITY AND WOMEN OWNED FIRMS THAT HAVE A VISION TO SUCCEED, THE AMBITION TO TRY, AND THE NEED FOR HANDS ON ASSISTANCE. HBA ASSISTED OVER 150 BUSINESSES.
  Expenses $61,317 · revenue $97,112
• THROUGH COMMUNITIES OF COLOR NONPROFIT STABILIZATION FUND (CCNSF)SUPPORT, HBA ADVANCED CULTURALLY RESPONSIVE PROGRAMMING TAILORED TO THE NEEDS OF BLACK ENTREPRENEURS IN NEW YORK CITY. THE ORGANIZATION CONDUCTED COMPREHENSIVE RESEARCH INVOLVING 30+ SURVEY PARTICIPANTS AND 2 STAKEHOLDERS TO INFORM EQUITY-CENTERED RECOMMENDATIONS. FINDINGS WERE USED TO DESIGN NEW PROGRAM MODELS THAT STRENGTHENED ENGAGEMENT AND ACCESSIBILITY FOR BLACK-OWNED BUSINESSES ACROSS ALL STAGES OF DEVELOPMENT.
  Expenses $42,715 · revenue $45,000
• DYCD - WITH FUNDING SUPPORT FROM THE DEPARTMENT OF YOUTH AND COMMUNITY DEVELOPMENT, HBA SUCCESSFULLY DELIVERED INTENSIVE BUSINESS EDUCATION WORKSHOPS AND ONE-ON-ONE ASSISTANCE TO RESIDENTS OF HARLEM EAGER TO ACQUIRE SKILLS IN BUSINESS PLAN DEVELOPMENT, CUSTOMER MARKETING, AND FINANCIAL STATEMENT MANAGEMENT. MORE THAN 50 ENTREPRENEURS PARTICIPATED IN EITHER IN-PERSON OR VIRTUAL WORKSHOPS. AFTER COMPLETION, ENTREPRENEURS PRESENTED THEIR BUSINESS CONCEPTS TO A PANEL OF JUDGES FOR A CHANCE TO SECURE SEED FUNDING AND CO-WORKING SPACE PROVIDED BY HBA. AS A RESULT, THESE BUSINESSES HAVE SINCE CRAFTED ROBUST BUSINESS PLANS AND IMPLEMENTED GROWTH STRATEGIES.
  Expenses $40,719 · revenue $40,719
• HBA PARTNERED WITH VERIZON TO EXPAND ACCESS TO THE SMALL BUSINESS DIGITAL READY PLATFORM, CONDUCTING 3 WORKSHOPS AND OUTREACH SESSIONS THAT REACHED 150 BUSIENSS OWNERS. PARTICIPANTS GAINED PRACTICAL DIGITAL SKILLS IN E-COMMERCE, SOCIAL MEDIA MARKETING, AND ONLINE OPERATIONS. OVER 150 LOCAL ENTREPRENEURS ENROLLED IN VERIZONS ONLINE COURSES, ENHANCING THEIR ABILITY TO COMPETE IN AN INCREASINGLY DIGITAL ECONOMY.
  Expenses $31,815 · revenue $35,000
• HBA SUCCESSFULLY IMPLEMENTED TAILORED TRACKS FOR BOTH NEW AND GROWING BUSINESSES, ENGAGING OVER 120 ENTREPRENEURS THROUGH 10 EXPERT-LED WORKSHOPS FOCUSED ON BUSINESS PLANNING, MARKET STRATEGY, AND ADVANCED GROWTH TECHNIQUES. PARTICIPANTS RECEIVED INDIVIDUALIZED MENTORSHIP, ACCESS TO PEER NETWORKS, AND RETAIL OPPORTUNITIES THROUGH HBAS STOREFRONT INITIATIVE. AS A RESULT, 75% OF PARTICIPANTS REPORTED INCREASED REVENUE, AND 20 BUSINESSES EXPANDED OPERATIONS OR LAUNCHED NEW PRODUCTS WITHIN SIX MONTHS OF COMPLETION.
  Expenses $22,049 · revenue $50,000
• THROUGH THE LOCAL INITIATIVES SUPPORT CORPORATION (LISC) GRANT, HBA DELIVERED ONE-ON-ONE BUSINESS COUNSELING AND TRAINING TO 40 SMALL BUSINESS OWNERS ACROSS NEW YORK CITY, PRIORITIZING WOMEN -AND MINORITY-OWNED ENTERPRISES IN COMMUNITIES HEAVILY AFFECTED BY COVID-19. SUPPORTED BUSINESS PLAN DEVELOPMENT, CREDIT BUILDING, AND LOAN READINESS. DURING THE CONSULTATION SESSIONS, ENTREPRENEURS ARTICULATED THE CHALLENGES THEY FACED IN THEIR BUSINESSES. CONSULTANTS RESPONDED BY DRAWING UP INITIAL PLANS AND PROVIDING ADVICE TAILORED TO ADDRESS THESE SPECIFIC NEEDS. OUT OF THE 40 PARTICIPANTS WHO RECEIVED ONE-ON-ONE TECHNICAL ASSISTANCE, MANY ENCOUNTERED SIMILAR CHALLENGES. LEVERAGING THEIR EXPERTISE, THE CONSULTANTS DELIVERED IN-DEPTH MARKETING PLANS, FINANCIAL ADVICE, BRAND IDENTITY SUGGESTIONS, AND SOLUTIONS TO OTHER BUSINESS NEEDS.
  Expenses $19,204 · revenue $12,000
• M&T BANK - MONEY MOVES INCUBATOR: THE MONEY MOVES INCUBATOR EMPOWERED 60 BLACK-OWNED NYC STARTUPS BY PROVIDING FINANCIAL EDUCATION, PEER ACCOUNTABILITY, AND ACCESS TO GROWTH CAPITAL. OVER 15 INTENSIVE SESSIONS, PARTICIPANTS DEVELOPED TAILORED FINANCIAL AND BUSINESS STRATEGIES RESULTING IN $300,000 IN COMBINED CAPITAL ACCESSED AND 40% OF BUSINESSES ACHIEVING MEASURABLE GROWTH WITHIN THE FIRST YEAR. THE INCUBATOR CREATED A STRONG COMMUNITY OF ENTREPRENEURS COMMITTED TO LONG-TERM WEALTH-BUILDING AND COLLABORATION.
  Expenses $18,734 · revenue $25,000
• CREATIVE WORKSPACE (CW): THIS SPACE FUNCTIONS AS A CO-WORKING SPACE FOR ENTREPRENEURS AS WELL AS A SPACE FOR HBAS WORKSHOPS AND BUSINESS CONSULTATIONS WITH HBA SPECIALISTS.
  revenue $2,747

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.

IRS record

EIN

13-3591350

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

1992

Accounting year ends

December

Files

Form 990 or 990-EZ

Category (NTEE)

Community improvement and capacity building (S20Z)

Assets (IRS master file)

$505,704

Income (IRS master file)

$616,820

Filing history

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 13-3591350).

Questions about HARLEM BUSINESS ALLIANCE INC

What is the EIN of HARLEM BUSINESS ALLIANCE INC?

The employer identification number (EIN) of HARLEM BUSINESS ALLIANCE INC is 13-3591350.

Is HARLEM BUSINESS ALLIANCE INC tax-exempt?

Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.

Are donations to HARLEM BUSINESS ALLIANCE INC tax-deductible?

Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).

Which annual return does HARLEM BUSINESS ALLIANCE INC 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 HARLEM BUSINESS ALLIANCE INC 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 HARLEM BUSINESS ALLIANCE INC last file with the IRS?

The latest return in the IRS public files is the 990 for the year ended December 2024.

Who are the officers and directors of HARLEM BUSINESS ALLIANCE INC?

The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $100,000 (MONIQUE HECTOR, EXECUTIVE DIRECTOR).

How much revenue does HARLEM BUSINESS ALLIANCE INC have?

On its 990 for the year ended December 31, 2024 it reported revenue of $616,820, expenses of $634,751 and total assets of $505,704 at year end.

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