irs program accomplishments · form 990 part iii · fy2022
What they reported doing
- #1 primary $1.36MSOBRO HAS MORE THAN TWO DECADES OF EXPERIENCE DEVELOPING AND MANAGING COMMERCIAL AND RESIDENTIAL PROPERTIES, EVIDENCED BY OUR PORTFOLIO OF OVER 450 UNITS OF AFFORDABLE AND MARKET RATE HOUSING AND OVER 120,000 SQUARE FEET OF COMMERCIAL, INDUSTRIAL, AND OFFICE SPACE IN THE BRONX AND UPPER MANHATTAN. SOBRO'S HOUSING DEVELOPMENT EFFORTS INCLUDE REHABILITATING EXISTING BUILDINGS AND CREATING NEW BUILDINGS IN VACANT SPACE TO TRANSFORM BLIGHTING INFLUENCES INTO BEAUTIFUL AND VIABLE SPACES FOR LIVING AND WORKING. ONE OF SOBRO'S GOALS AND PART OF OUR COMPREHENSIVE STRATEGY FOR COMMUNITY DEVELOMENT IS TO INCREASE THE AVAILABILITY OF RENTAL HOUSING FOR LOW AND MODERATE-INCOME FAMILIES. TO THIS END, WE BUILD NEW HOUSING, REHABILITATE VACANT PROPERTIES, AND PREVENT DETERIORATING HOUSING STOCK FROM BECOMING ABANDONED.
- #2 $221KIN FY2021, SOBRO PROVIDED CAREER DEVELOPMENT SERVICES TO HUNDRED OF INDIVIDUALS, PLACING THEM INTO EMPLOYMENT AND DELIVERING JOB-READINESS TRAINING, WHICH INCLUDED A CUSTOMER SERVICE TRAINING COMPONENT AND NATIONALLY RECOGNIZED CERTIFICATION IN CUSTOMER SERVICE. SOBRO'S OUTCOMES FOR ADULT EDUCATION CLASSES HAVE CONSISTENTLY SURPASSED PROGRAM EVALUATION TARGETS.
named programs · 4 · from sources
What they call their work
Education & Career Development
Offers job-readiness training, vocational programs, internships, job placement, and retention services, including nationally recognized customer service certification.
Housing Development Program
Develops and manages affordable and market-rate housing units; rehabilitates vacant properties and constructs new buildings to reduce blight and increase housing availability for low- and moderate-income families.
Procurement Technical Assistance Center (PTAC)
Provides free technical assistance to small businesses seeking government contracts, including certification support (8(a), HUBZone, M/WBE), bid matching, proposal preparation, and business development workshops.
Venture Center
Business incubator providing affordable workspace and support services for startups and growing businesses, with a 98% occupancy rate.
activities · 13 groups
What they do
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ESL and Citizenship Instruction 1 activity
- Adult education programsOffers English language, civics, and basic education classes for adults in the South Bronx, supporting educational advancement and integration.
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Professional Networking Events 1 activity
- Business development events and networkingHosts the annual Bronx Business Expo, the longest-running business expo in the Bronx, and other events to support business development, decision-making, and networking, including workshops and client recruitment initiatives.
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Local Business Financing and Incentives 1 activity
- Business financing and loan programsOffers business loans and technical assistance to qualifying small businesses in the Bronx through its Credit Inc. program, helping clients secure financing including Economic Disaster Injury Loans and Paycheck Protection Program loans.
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Startup Acceleration & Business Growth Support 1 activity
- Business incubation and affordable workspaceOperates the Venture Center business incubator, providing affordable workspace to entrepreneurs and small businesses with a 98% occupancy rate.
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Nonprofit Real Estate Holding 1 activity
- Commercial and industrial real estate development and managementDevelops, owns, and manages over 120,000 square feet of commercial, industrial, and office space in the Bronx and Upper Manhattan, supporting local economic activity and business infrastructure.
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Neighborhood Civic Engagement 1 activity
- Community engagement and planning initiativesConducts extensive community engagement through resident surveys, property cataloging, visioning sessions, interviews, small group meetings, and digital outreach, engaging over 60,000 people and supporting neighborhood planning and development.
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Community Resource Navigation and Support Services 1 activity
- Community resource navigation and public health supportServes as a Resource Navigator in the South Bronx, connecting residents to critical services using a trauma-informed and culturally respectful approach, including support for contact tracing and reintegration under public health restrictions during the COVID-19 crisis.
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Affordable Housing Development and Management 1 activity
- Development and management of affordable and supportive housingDevelops, owns, and manages over 1,500 units of affordable, low-income, and supportive housing—including units for special needs and homeless individuals—in the Bronx and Upper Manhattan, with specific projects such as 95 new units in Morrisania.
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MWBE Certification and Contract Access Support 1 activity
- Government contracting and procurement assistanceSupports small businesses in securing government contracts and incentives by providing procurement assistance, technical support, and strategic guidance, resulting in clients winning over $200 million in contracts, including specific successes such as $1.8 million in federal contracts and nearly $2 million from MTA and NYC Housing Authority.
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Small Business Technical Assistance 1 activity
- Small business support and technical assistanceProvides comprehensive business support services—including one-on-one counseling, technical assistance in financing, management, marketing, government procurement, loan packaging, and a 12-week business plan writing class—to startup and existing small businesses in the Bronx, with post-course support for business formation and access to broader services.
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Workforce Readiness Training 1 activity
- Workforce development and job placement servicesProvides job readiness training, career counseling, vocational training, certification programs (including nationally recognized customer service certification), resume preparation, job placement, and mentorship to support employment and retention, serving thousands of individuals and contributing to the creation or retention of over 40,000 jobs since 1972.
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After-School Academic and Enrichment Programs 1 activity
- Youth development programsProvides after-school education, vocational training, career counseling, and remote programming for children and young adults in the Bronx and Harlem to support educational and career pathways.
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Uncategorized 1 activity
- Real-time data collection on industrial businessesCollects real-time data on industrial and manufacturing businesses in the Bronx to inform city policy and support responsive economic development programming.
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financials · form 990 · fy2022
revenue
Total revenue$8.86M
Contributions & grants$8.11M92%
Program service revenue$739K8%
Investment income$13K0%
Other revenue$1K
expenses
Total expenses$10.67M
Program expenses75%
Admin / overhead23%
Fundraising2%
Salaries & benefits$6.12M
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$10.23M
Cash$534K
Investments$0
Liabilities$6.42M
Net assets$3.81M
Liquid reserves0.6 mo
5 years on record · 2018–2022 · YoY revenue -26.3%
leadership · form 990 part vii · fy2022
Who runs it
paid leadership · 3
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| LOURDES ZAPATA | PRESIDENT & CEO | 32 | $284K |
| DELILAH TYSON | CAO | 32 | $144K |
| ROBBIN FINNEY-GRANSTON | SVP PROGRAMS | 32 | $114K |
board members · 15
- ANTHONY M RICCIO JR — SECRETARY
- ARLINE PARKS — VICE CHAIR
- CONOR MCCARTHY — BOARD MEMBER
- HUGH GRANT — BOARD MEMBER
- JENNIFER RIVERA — BOARD MEMBER
- KAREN MCGUINNESS — VICE CHAIR
- LAUREN GEORGE — BOARD MEMBER
- MARK L CASTLE — BOARD CHAIR
- MARK WILLIS — TREASURER
- MAYRA LINARES-GARCIA — BOARD MEMBER
- PATRICIA NIA ROCK — BOARD MEMBER
- PLINIO AYALA — BOARD MEMBER
- PRISCA SALAZAR-RODRIGUEZ — BOARD MEMBER
- TIFFANI HINDS — BOARD MEMBER
- WILLIAM BILL BOLLINGER — BOARD MEMBER
relationships · 21
Who they work with
- Asian Pacific American Businesses Partner — Recognized as an Outstanding Partner by Asian Pacific American Businesses in 2016.
- Business Mentor NY Partner — Connects entrepreneurs to Business Mentor NY, a web-based volunteer mentor platform, as part of technical assistance services.
- Connecticut General Assembly Government — Recognized by the Connecticut General Assembly in 2019.
- Consortium for Worker Education Partner — Partner organization in the Resource Navigator Program to support South Bronx residents during the COVID-19 crisis.
- Corporación para el Financiamiento Empresarial del Comercio y de las Comunidades (COFECC) Partner — MOU partner providing financial services in collaboration with SoBro
- Defense Logistics Agency Government — Funds and partners with SoBro PTAC through a cooperative agreement to support small business government contracting
- Department of Defense Government — Primary funder of SoBro PTAC through a cooperative agreement with the Defense Logistics Agency
- EPA Government — Partner on the Bronx River-Sheridan Expressway Corridor Brownfield Opportunity Area program.
- Esae Capital Partners, LLC Partner — MOU partner providing financial services in collaboration with SoBro
- Global Credit Express Partner — MOU partner providing financial services in collaboration with SoBro
- JAM Electronics Inc. Partner — Client business that received support from SoBro in securing disaster recovery loans and expanding operations.
- Minority Business Development Agency Government — Recipient of multiple Top-Performing Center awards and the Highest $ Value of Financial Award from the Department of Commerce's Minority Business Development Agency.
- Monadnock Construction Partner — Partnering with SoBro to construct 95 units of low-income and supportive housing in the Morrisania section of the South Bronx.
- NYC Health + Hospitals’ Test & Trace Corps Partner — Collaborates with SoBro on citywide contact tracing efforts in the South Bronx.
- National Association of Women in Construction Partner — Recognized with an Outstanding Partner award in 2016 and a Leadership Award in 2015.
- New York Business Development Corporation (NYBDC) Partner — MOU partner collaborating with SoBro on business development services
- New York City Government — Designated SoBro as the Industrial Business Service Provider for the Bronx Industrial Business Zones.
- New York City Mayor’s Office of Housing Recovery Operations Government — Contracts with SoBro to connect residents to critical resources for safe isolation during the pandemic.
- Orchard Street Funding LLC Partner — MOU partner providing financial services in collaboration with SoBro
- The Metropolitan District Supplier Diversity Council Partner — MOU partner collaborating with SoBro on supplier diversity initiatives
- Tru-Fund Financial Services Inc. Partner — MOU partner providing financial services in collaboration with SoBro
strategies · 3
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Integrated Community Developmentmethodology: integrated_community_developmentBy combining economic development, workforce training, youth programming, and affordable housing in one coordinated approach, the organization drives neighborhood revitalization because interconnected challenges require multifaceted, place-based solutions that reinforce one another.
- Peer-Led Entrepreneurial Developmentmethodology: peer_led_technical_assistanceBy delivering technical assistance through experienced entrepreneurs, the organization increases the relevance and effectiveness of business support because lived experience fosters relatability, trust, and practical guidance that traditional instruction cannot replicate.
- Trauma-Informed and Culturally Respectful Engagementmethodology: trauma_informed_careBy applying a trauma-informed and culturally respectful approach, the organization builds trust and improves access to services because recognizing historical and systemic trauma enables more effective, dignified support for marginalized community members.