Overview
What is Bronx Overall Economic Development Corporation?
The Bronx Overall Economic Development Corporation, based at 851 Grand Concourse Room 123, Bronx, NY 10451, is a nonprofit organization dedicated to promoting economic growth in the Bronx. Their mission involves assisting existing businesses in expanding and encouraging new businesses to start up or relocate to Bronx County. They offer various programs and services to their clients, such as site selection, special projects, procurement assistance, liaison services with government agencies, information dissemination, job development, and capacity building. The primary aim is to maximize employment opportunities for Bronx residents and boost the local economy. The corporation hosts significant events like Bronx Week and Tour de Bronx to raise awareness of the borough's attractions and engage residents.
Official website here: www.boedc.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96% (Four-Star out of Four Star rating)
The Bronx Overall Economic Development Corporation has achieved a commendable 96% rating, reflecting strong accountability and financial management. This high score is primarily driven by their commitment to maintaining an independent board and robust financial oversight, which is essential for building trust with stakeholders and the community they serve.
Strengths noted include a majority of independent board members, exceptional practice in financial audits, and transparency in governance policies such as conflict of interest and whistleblower protections. Their high program expense ratio indicates a significant portion of their budget is directed towards fulfilling their mission, which is a positive sign for potential donors.
While the organization shows exemplary financial practices, further information on the impact of their programs and community outreach would provide a fuller picture of their effectiveness. Overall, their solid financial and governance practices make them a viable option for those looking to support economic development initiatives in the Bronx.
This AI summary has been generated from information found on Charity Navigator.
Is Bronx Overall Economic Development Corporation legitimate?
Bronx Overall Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bronx Overall Economic Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $271,385
Professional Fundraising Fees: $0
Other Salaries and Wages: $569,685
For more financial information, click here
Official website here: www.boedc.org
What is the mission statement of Bronx Overall Economic Development Corporation?
The Bronx Overall Economic Development Corporation's mission is to aid existing businesses in the Bronx area to expand and attract new businesses to start up or relocate within Bronx County. By fulfilling this mission, the organization aims to create ample employment opportunities for local residents. To achieve this goal, BOEDC offers a variety of programs and services, including site selection, special projects assistance, procurement aid, liaison services with government agencies, dissemination of relevant information, job development, and capacity building for its clients.
Official website here: www.boedc.org
Who is the CEO of Bronx Overall Economic Development Corporation?
Rafael Roger is the President - Thru 11/21 of Bronx Overall Economic Development Corporation.
Official website here: www.boedc.org
What is the revenue of Bronx Overall Economic Development Corporation?
Bronx Overall Economic Development Corporation's revenue in 2022 was $1,376,717.
Official website here: www.boedc.org
Who are the executives of Bronx Overall Economic Development Corporation and what are their salaries?
The average compensation at Bronx Overall Economic Development Corporation during 2022 was $70,089. There are 12 employees and 6 volunteers at Bronx Overall Economic Development Corporation.
Here are 9 key members and their salaries:
- Compensation: $317,352
- Related: $0
- Other: $0
- Compensation: $127,574
- Related: $0
- Other: $0
- Compensation: $2,307
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.boedc.org
Where can I find the form 990 for Bronx Overall Economic Development Corporation?
Bronx Overall Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.boedc.org
Learn more at the official website: www.boedc.org
Mission Statement of Bronx Overall Economic Development Corporation
The Bronx Overall Economic Development Corporation (BOEDC) is committed to aiding existing businesses in Bronx County to expand, while also encouraging new ventures to establish or relocate to the area. This mission serves to maximize employment opportunities for Bronx residents. To accomplish its goals, BOEDC offers a diverse range of programs and services to its clients. These include site selection assistance, special projects, procurement aid, liaison services with government agencies, information dissemination, job development, and capacity building. By providing these resources, BOEDC seeks to foster a thriving business environment in Bronx County.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
The Bronx Overall Economic Development Corporation (BOEDC) directly impacts the Bronx community by assisting existing businesses in the area to expand and encouraging new businesses to start up or relocate to Bronx County. Through their various programs and services, BOEDC aims to maximize employment opportunities for Bronx residents, boosting the local economy and fostering community improvement. Additionally, the Bronx Tourism Council, a branch of BOEDC, works to promote tourism in the Bronx, raise awareness of its attractions, and organize events like Bronx Week, Tour de Bronx, the Trolley, and various ethnic events throughout the year.
This information is meant to be a general summary of Bronx Overall Economic Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $39,898
- Program Service Revenue: $25,476
- Gross Receipts: $24,927,942
Assets and Liabilities:
- Total Assets: $26,821,106
- Total Liabilities: $240,883
- Net Assets: $26,580,223
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME - LOANS
Revenue
$21,077
LOAN FEES
Revenue
$4,399
Organization Details
Founding Year
1981
Phone
(718) 590-6201Principal Officer
Rafael Roger
Main Address
851 GRAND CONCOURSE ROOM 123, BRONX, NY, 104512937
Website
www.boedc.orgNTEE Category
Code: S30 - Community improvement
If you are a representative of Bronx Overall Economic Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.