Public Charity

Bronx Overall Economic Development Corporation

Bronx Overall Economic Development Corporation is a Public Charity headquartered in Bronx, NY. Financial data from the 2025 filing: $3.5M revenue, $3.7M expenses, $26.5M total assets. 29 publicly reported grants to this organization, totaling roughly $1.0M, appear in IRS filings.

EIN: 133079387 Bronx, NY Latest filing: 2025
Total Revenue$3.5M
Total Expenses$3.7M
Total Assets$26.5M
Grant Records29
Funding Total$1.0M
Filing Years2021–2025

Mission

BRONX OVERALL ECONOMIC DEVELOPMENT CORPORATION (THE "CORPORATION") IS A NEW YORK NONPROFIT ORGANIZATION, ORGANIZED IN 1981. THE CORPORATION WAS ESTABLISHED TO PROMOTE ECONOMIC GROWTH IN THE BRONX, NEW YORK BY PROVIDING LOANS AND GRANTS TO BUSINESSES LOCATED IN THE BRONX, CONSULTING SERVICES TO PRESENT AND FUTURE COMPANIES, AND ON-THE-JOB TRAINING. THE CORPORATION IS FUNDED PRIMARILY THROUGH GOVERNMENTAL AND FOUNDATION GRANTS AND CONTRIBUTIONS.

Where $100 goes at Bronx Overall Economic Development Corporation

How Bronx Overall Economic Development Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$82 Programs the work itself
$11 Management running the organization
$7 Fundraising raising the next dollar

Inside the $82 for programs

$32
Economic Development
39% of program spending
$29
The Bronx Tourism Council was established in 1992 to collaborate with governmental and nongovernmental organizations to promote tourism in the Bronx and showcase the borough's diverse attractions
35% of program spending
$21
Empowerment zone
26% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Chief Financial Officer Angely Orbe
Board Member Brian Smith
Chairman Clarence Stanley Jr
Secretary Dan Herdoon
Board Member Dr Susan L Parish
BOARD MEMBER Eddy Bayardelle Phd

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$569,601 17 grants
Fundraising & Sponsorship
$352,500 7 grants
Unspecified
$115,700 5 grants

Financial Trends

Year Revenue Expenses Assets
2025 $3.5M $3.7M $26.5M
2024 $2.8M $3.8M $26.3M
2023 $1.7M $2.2M $26.8M
2022 $1.4M $1.7M $26.8M
2021 $2.3M $1.8M $27.9M

Between 2021 and 2025, reported annual revenue grew from $2.3M to $3.5M (+51%), with total assets most recently reported at $26.5M.

Interactive year-over-year charts and full filing details available with membership.

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