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. 28 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 Records28
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.

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

Sponsorship
$220,500 4 grants
FOR RECIPIENT'S EXEMPT PURPOSE
$200,000 1 grant
SPONSORSHIP
$117,000 2 grants
General operating support
$85,000 2 grants
BORO TOURISM AND MARKETING INITIATIVES
$80,000 3 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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