Mission
THE ORGANIZATION'S PRIMARY FUNCTION IS TO ADDRESS SOUTH BRONX'S NEED FOR DEVELOPMENT OF LOCAL BUSINESSES. THE ORGANIZATION OWNS AND LEASES PROPERTIES IN THE SOUTH BRONX THAT ARE RENTED TO LOCAL BUSINESSES.
Public Charity
SOBRO DEVELOPMENT CORPORATION
SOBRO DEVELOPMENT CORPORATION is a Public Charity headquartered in BRONX, NY. Financial data from the 2023 filing: $1.0M revenue, $1.5M expenses, $10.8M total assets. 3 publicly reported grants to this organization, totaling roughly $28K, appear in IRS filings.
EIN: 133157572
BRONX, NY
Urban & Community Economic Development
NTEE: S31
Latest filing: 2023
Total Revenue$1.0M
Total Expenses$1.5M
Total Assets$10.8M
Grant Records3
Funding Total$28K
Filing Years2018–2023
Sample Grants Received
UNRESTRICTED
$5,147
UNRESTRICTED
$7,241
Unrestricted
$15,825
Showing up to 5 of 3 total records — full history available with membership.
Officers & Directors
SECRETARY
Anthony M Riccio Jr
VICE CHAIR
Arline Parks
BOARD MEMBER
Conor Mccarthy
CAO
Delilah Tyson
BOARD MEMBER
Hugh Grant
BOARD MEMBER
Jennifer Rivera
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2023 | $1.0M | $1.5M | $10.8M |
| 2022 | $965K | $2.1M | $9.9M |
| 2021 | $889K | $1.3M | $9.6M |
| 2019 | $2.2M | $1.4M | $8.1M |
| 2018 | $1.1M | $1.4M | $8.7M |
Between 2018 and 2023, reported annual revenue declined from $1.1M to $1.0M (-9%), with total assets most recently reported at $10.8M.
Interactive year-over-year charts and full filing details available with membership.