Nonprofit · EIN 20-2660238
BOC DEVELOPMENT CORP
Tax-exempt · BROOKLYN, NY 11217
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $86,677 | $72,919 | $13,758 | $972,708 | $1,074,455 | -$101,747 |
| June 30, 2024 | 990 | $139,909 | $108,291 | $31,618 | $1,026,922 | $1,142,427 | -$115,505 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $86,297
- Investment income
- $25
- Other revenue
- $355
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $485
- Occupancy
- $36,125
- Program services (functional)
- $62,597
- Management and general (functional)
- $10,322
Balance sheet and other
- Total assets, start of year
- $1,026,922
- Total assets, end of year
- $972,708
- Total liabilities, end of year
- $1,074,455
- Net assets, end of year
- -$101,747
- Net assets without donor restrictions
- -$101,747
- Gross receipts
- $86,677
- Employees
- 0
- Volunteers
- 15
- Year formed
- 2005
- 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 |
|---|---|---|---|---|---|
| NANCY CARIN | President Trustee or director, Officer | 4 | $0 | $250,225 | $34,705 |
| RODNEY SANTIAGO | Treasurer Trustee or director, Officer | 4 | $0 | $185,678 | $37,697 |
| ELENA ZIKUSS | CFO Officer | 4 | $0 | $168,228 | $43,070 |
| ROBERTA COHEN | Secretary Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| LESLIE WINTER | Aud Comm chair Trustee or director | 0.5 | $0 | $0 | $0 |
| Eileen Thronton | AUD comm member Trustee or director | 0.5 | $0 | $0 | $0 |
| GREGORY J LIBERTINY | Aud comm member Trustee or director | 0.5 | $0 | $0 | $0 |
| DANIEL LIU | Aud Comm Member Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| NANCY CARIN | President Trustee or director, Officer | 4 | $0 | $241,962 | $35,885 |
| ELENA ZIKUSS | CFO Officer | 2 | $0 | $165,792 | $40,343 |
| RODNEY SANTIAGO | Treasurer Trustee or director, Officer | 4 | $0 | $133,760 | $33,425 |
| ROBERTA COHEN | Secretary Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| LESLIE WINTER | Aud Comm chair Trustee or director | 0.1 | $0 | $0 | $0 |
| DAVID ACEVEDO | AUD comm member Trustee or director | 0.1 | $0 | $0 | $0 |
| GREGORY J LIBERTINY | Aud comm member Trustee or director | 0.1 | $0 | $0 | $0 |
| DANIEL LIU | Aud Comm Member Trustee or director | 0.1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 85 S OXFORD ST, BROOKLYN, NY 11217-1607
- In care of
- % NANCY CARIN
- Principal officer (990 for 2024)
- NANCY CARIN, 85 SOUTH OXFORD STREET, BROOKLYN, NY 11217
- Signed the 990
- NANCY CARIN, PRESIDENT
- Phone
- (718) 624-9115
- Return prepared by
- NCHENG LLP CERTIFIED PUBLIC ACCOUNTANTS
Mission
THROUGH PARTNERSHIPS, BOC DEVELOPMENT CORPORATION HELPS PRESERVE COMMERCIAL SPACE FOR SMALL BUSINESS USES IN LOW-INCOME AREAS AND COLLABORATES WITH THE BUSINESS OUTREACH CENTER NETWORK, INC. FOR SERVICES TO SMALL BUSINESS AND ADMINISTRATIVE SUPPORT. SOURCES OF REVENUES ARE PROGRAM FEES ASSOCIATED WITH COMMERCIAL/INDUSTRIAL BUSINESS DEVELOPMENT AS WELL AS USER FEES AND GRANT SUPPORT FOR THE BRONX BUSINESS INCUBATOR.
Program accomplishments
- BOC Development Corporation operates the BXL Business Incubator, a commercial and industrial small business incubator located in the Bronx, New York. The BXL incubator provides affordable workspace, shared facilities, and on site support services to small businesses operating in targeted growth industries.During the fiscal year, BOC Development supported tenant businesses by providing access to stabilized commercial space, coordinating building operations, and delivering services designed to promote business sustainability and local economic development. Program activities focused on maintaining a safe, compliant, and functional workspace while supporting entrepreneurs operating within the incubator.Expenses $62,597 · revenue $86,297
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 | 990 on file |
IRS record
- EIN
- 20-2660238
- 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
- 2006
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $972,708
- Income (IRS master file)
- $86,677
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $261,928 | $310,752 | $47,570 | IRS |
| 990 | June 2022 | $270,169 | $183,869 | $115,223 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 BOC DEVELOPMENT CORP
- What is the EIN of BOC DEVELOPMENT CORP?
- The employer identification number (EIN) of BOC DEVELOPMENT CORP is 20-2660238.
- Is BOC DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to BOC DEVELOPMENT CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BOC DEVELOPMENT CORP 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 BOC DEVELOPMENT CORP 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 BOC DEVELOPMENT CORP 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 BOC DEVELOPMENT CORP?
- The 990 for the year ended June 30, 2025 names NANCY CARIN.
- Who are the officers and directors of BOC DEVELOPMENT CORP?
- The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does BOC DEVELOPMENT CORP have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $86,677, expenses of $72,919 and total assets of $972,708 at year end.
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