Nonprofit · EIN 81-5483293
BROOKLYN ALLIANCE CAPITAL INC
Tax-exempt · BROOKLYN, NY 11232
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $232,572 | $266,831 | -$34,259 | $1,982,762 | $1,113,222 | $869,540 |
| December 31, 2023 | 990 | $411,848 | $220,900 | $190,948 | $1,515,388 | $611,589 | $903,799 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $226,803
- of which government grants
- $205,681
- Program service revenue
- $0
- Investment income
- $5,769
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $136,536
- Salaries, compensation and benefits (total)
- $163,586
- Professional fundraising fees
- $0
- Accounting fees
- $17,380
- Occupancy
- $20,610
- Program services (functional)
- $212,456
- Management and general (functional)
- $53,604
- Fundraising (functional)
- $771
Balance sheet and other
- Total assets, start of year
- $1,515,388
- Total assets, end of year
- $1,982,762
- Total liabilities, end of year
- $1,113,222
- Net assets, end of year
- $869,540
- Net assets without donor restrictions
- $869,540
- Gross receipts
- $232,572
- Employees
- 1
- Volunteers
- 19
- Year formed
- 2017
- 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.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RANDOLPH PEERS | PRESIDENT & CEO Trustee or director, Officer | 1 | $0 | $318,720 | $31,617 |
| ANA OLIVEIRA | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| GIL CYGLER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| PASQUALE PATRONE | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KENDALL CHRISTIANSEN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SUSAN DOBAN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| ANDREW WALCOTT | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTOPHER MURTHA | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JOSEPH PELLEGRINO | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| KENNY GUAN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| VINCENT CHIRICO | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT CORNEGY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| NICOLE HENDERSON | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| PENDA AIKEN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| GREGORY ANDERSON | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TYQUANA HENDERSON | TRUSTEE Trustee or director | 1 | $0 |
| KENNETH MBONU | TRUSTEE Trustee or director | 1 | $0 |
| BLONDELL PINNOCK | TRUSTEE Trustee or director | 1 | $0 |
| JOY SWEET | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RANDOLPH PEERS | PRESIDENT & CEO Trustee or director, Officer | 0 | $0 | $340,583 | $24,425 |
| ANA OLIVEIRA | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| PASQUALE PATRONE | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SUSAN DOBAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| GIL CYGLER | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| ANDREW WALCOTT | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTOPHER MURTHA | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DAVID BAGATELLE | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JOSEPH PELLEGRINO | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| KENNY GUAN | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN O'CONNOR | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| VINCENT CHIRICO | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT CORNEGY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| NICOLE HENDERSON | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| NILES STEWART | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 253 36TH ST UNIT 4 # C58, BROOKLYN, NY 11232-2415
- In care of
- % CHANDRABAN MOTILALL
- Mailing address (990-N for 2020)
- 335 ADAMS STREET NO 2700, BROOKLYN NY 12101
- Principal officer (990 for 2024)
- RANDOLPH PEERS, 253 36TH STREET MAILBOX UNIT 17, BROOKLYN, NY 11232
- Principal officer (990-N for 2020)
- RANDOLPH PEERS, 335 ADAMS STREET NO 2700, BROOKLYN NY 12101
- Signed the 990
- RANDOLPH PEERS, PRESIDENT & CEO
- Phone
- (718) 875-1000
- Website
- WWW.BROOKLYNCHAMBER.COM
- Return prepared by
- SAX LLP
Mission
THE BROOKLYN ALLIANCE CAPITAL, INC. IS A MICRO-LOAN INSTITUTION AND PROVIDES LOANS TO SMALL BUSINESSES (SPECIFICALLY IMMIGRANT AND MINORITY OWNED).
Program accomplishments
- BROOKLYN ALLIANCE CAPITAL, INC. PROVIDES FINANCING TO UNDER-SERVED MINORITY AND IMMIGRANT ENTREPRENEURS AND LOW-INCOME SMALL BUSINESS OWNERS TO INCREASE FINANCIAL STABILITY AND FOSTER ECONOMIC GROWTH THAT WILL CREATE JOBS IN BROOKLYN.Expenses $212,456
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-5483293
- 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
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W60)
- Assets (IRS master file)
- $1,982,762
- Income (IRS master file)
- $232,572
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $232,572 | $266,831 | $1,982,762 | XML |
| 990 | December 2023 | $411,848 | $220,900 | $1,515,388 | XML |
| 990 | December 2022 | $436,355 | $200,222 | $1,409,377 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: RANDOLPH PEERS | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: ANDREW HOAN | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 81-5483293).
Questions about BROOKLYN ALLIANCE CAPITAL INC
- What is the EIN of BROOKLYN ALLIANCE CAPITAL INC?
- The employer identification number (EIN) of BROOKLYN ALLIANCE CAPITAL INC is 81-5483293.
- Is BROOKLYN ALLIANCE CAPITAL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to BROOKLYN ALLIANCE CAPITAL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BROOKLYN ALLIANCE CAPITAL 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 BROOKLYN ALLIANCE CAPITAL 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 BROOKLYN ALLIANCE CAPITAL INC 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 BROOKLYN ALLIANCE CAPITAL INC?
- The 990 for the year ended December 31, 2024 names RANDOLPH PEERS.
- Who are the officers and directors of BROOKLYN ALLIANCE CAPITAL INC?
- The 990 for the year ended December 31, 2024 lists 19 people; 0 received compensation from the organization.
- How much revenue does BROOKLYN ALLIANCE CAPITAL INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $232,572, expenses of $266,831 and total assets of $1,982,762 at year end.
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