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NEW YORK CITY BUSINESS ASSISTANCE CORPORATION
New York, NY · EIN 133423857 · Form 990 · FY2024 · Small ($100K-$1M)
revenue
$115K
expenses
$132K
net assets
$2.8M
employees
0
program ratio
0%
mission · from form 990

To reduce unemployment, promote and provide for additional and maximum employment in NYC, encourage the development and/or retention of businesses in NYC; instruct or train individuals to improve and develop their capabilities for jobs in business and encourage economic devt.

profile · synthesized from sources

Nonprofit organization focused on economic development in New York City by supporting small businesses, particularly minority- and women-owned enterprises. Provides financing, grants, and technical assistance to help businesses grow, retain jobs, and access government contracts. Programs target underserved entrepreneurs and commercial revitalization in neighborhoods across NYC.

irs program accomplishments · form 990 part iii · fy2023

What they reported doing

  1. #1 primary $2K
    The City of New York Minority and Women-Owned Business Enterprise (M/WBE) was created to expand opportunities for minority and women entrepreneurs to access government contracts and grow their businesses, allowing eligible businesses that are certified with the City to become more visible to prospective buyers, including City agencies and private contractors seeking to purchase goods and services.
named programs · 8 · from sources

What they call their work

Black Entrepreneurs NYC (BE NYC)
Initiative to advance equity and economic opportunity for Black entrepreneurs through funding, mentorship, and business development resources
Corporate Alliance Program (CAP)
Connects small businesses with corporate partners and resources to accelerate growth and address operational challenges
Downtown Jamaica Storefront Improvement Program
Provides grants covering up to 75% of facade improvement costs to revitalize commercial corridors and support long-standing businesses
Love Your Local
Provides marketing support, technical assistance, and fit-out grants to retail businesses to preserve local jobs and services
Minority and Women-Owned Business Enterprise (M/WBE) Program
Expands opportunities for certified minority- and women-owned businesses to access City contracts and procurement networks
Neighborhood Challenge (Bid Challenge)
Funds innovative projects led by small nonprofits to solve local business challenges and strengthen neighborhood economies
New York Main Street Grant Program
Offers grants and resources to small businesses for recovery, growth, and resilience, particularly during and after crises like the pandemic
WE Credit Loan Loss Fund
Supports lending to small businesses by absorbing potential losses on loans, increasing access to capital for underserved entrepreneurs
activities · 5 groups

What they do

  • Small Business Technical Assistance 2 activities
    • Administer New York Main Street Grant and Corporate Alliance Programs
      Provides skills, tools, and resources to entrepreneurs and small businesses through the New York Main Street Grant Program and Corporate Alliance Program to address operational challenges and accelerate growth.
    • Implement Black Entrepreneurs NYC (BE NYC) initiative
      Advances equity of opportunity by providing targeted support to Black entrepreneurs across New York City through the BE NYC program.
  • Municipal and Community General Support 1 activity
    • Award fit-out grants through Love Your Local program
      Preserves local jobs and services by awarding grants and technical assistance to eligible retail businesses through the Love Your Local program.
  • Interest-Free Loan and Grant Support 1 activity
    • Fund small business loans via WE Credit Loan Loss Fund
      Supports loans to qualifying small businesses in New York City by providing credit enhancement through the WE Credit Loan Loss Fund, promoting economic growth and financial access.
  • Capital Infrastructure Funding 1 activity
    • Fund storefront improvements via Downtown Jamaica Program
      Covers up to 75% of facade improvement costs for businesses in the Downtown Jamaica area to revitalize commercial corridors and support neighborhood stability.
  • MWBE Certification and Contract Access Support 1 activity
    • Operate NYC Minority and Women-Owned Business Enterprise program
      Increases access to government contracts for certified minority- and women-owned businesses through dedicated support and program administration.
financials · form 990 · fy2024
revenue
Total revenue$115K
Contributions & grants$21K18%
Program service revenue$00%
Investment income$94K82%
Other revenue$0
expenses
Total expenses$132K
Program expenses0%
Admin / overhead100%
Fundraising0%
Salaries & benefits$448
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$2.81M
Cash$2.80M
Investments$0
Liabilities$7K
Net assets$2.80M
Liquid reserves255.4 mo
5 years on record · 2020–2024 · YoY revenue +6289.8%
leadership · form 990 part vii · fy2024

Who runs it

board members · 4
  • ANTHONY DELLOLIO — VICE PRESIDENT
  • DYNISHAL GROSS — PRESIDENT
  • MICHAEL FORTE — DIRECTOR
  • NARDA AMARILLA — TREASURER
relationships · 1

Who they work with

  • City of New York Government — Collaborates with the City of New York on the Minority and Women-Owned Business Enterprise program and other economic development initiatives.
strategies · 2

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.

  • Place-Based Commercial Revitalization
    methodology: place-based-economic-development
    By investing in physical improvements to business facades, we stimulate neighborhood economic vitality and commercial sustainability, because enhanced streetscape aesthetics attract customers and encourage business pride and reinvestment.
  • Targeted Support for Black Entrepreneurs
    methodology: targeted-economic-equity
    By providing focused assistance to Black entrepreneurs, we advance economic equity and business ownership opportunities, because systemic barriers have historically limited access to capital and resources for this group.