Bronx Overall Economic Development Corporation
Bronx Overall Economic Development Corporation consistently reports zero officer compensation amidst stable assets and occasional operating deficits.
EIN: 133079387 · Bronx, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $53.8M |
| Total Expenses | $2.2M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $26 |
| Net Assets | $26.5M |
| Transparency Score | 65/100 |
Is Bronx Overall Economic Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bronx Overall Economic Development Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bronx Overall Economic Development Corporation
Bronx Overall Economic Development Corporation (EIN: 133079387) is a nonprofit organization based in Bronx, NY. The organization reported total revenue of $53.8M and total assets of $26.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bronx Overall Economic Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bronx Overall Economic Development Corporation is a major nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $2.2M |
| Surplus / Deficit | $-473,861 |
| Total Assets | $26.8M |
| Total Liabilities | $341K |
| Net Assets | $26.5M |
| Operating Margin | -27.6% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 146.8 months |
Financial Health Grade: B
In 2023, Bronx Overall Economic Development Corporation reported a deficit of $474K with expenses exceeding revenue, holds 146.8 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bronx Overall Economic Development Corporation's revenue has declined at a compound annual growth rate (CAGR) of -5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +24.9% | +25.5% | +0.0% |
| 2022 | -40.6% | -4.9% | -3.7% |
| 2021 | +14.6% | +5.1% | -1.6% |
| 2020 | +7.0% | -9.9% | +1.2% |
| 2019 | -5.4% | -18.2% | -1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bronx Overall Economic Development Corporation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Bronx Overall Economic Development Corporation allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $474K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity managing assets of $26-29 million and annual expenses exceeding $1.7 million. This suggests that executive salaries may be paid by a related entity or not directly disclosed on the 990, limiting transparency regarding leadership costs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Bronx Overall Economic Development Corporation's IRS 990 filings:
- Consistent 0% officer compensation, potentially obscuring true administrative costs.
- Frequent operating deficits where expenses exceed revenue, indicating reliance on reserves or other funding sources.
- Discrepancy between 'Latest Revenue' and reported 990 annual revenues, requiring clarification.
Strengths
The following positive indicators were identified for Bronx Overall Economic Development Corporation:
- Strong and stable asset base, consistently around $26-29 million.
- Low liabilities relative to assets, indicating financial stability.
- Long history of IRS 990 filings (13 filings), suggesting consistent compliance.
Frequently Asked Questions about Bronx Overall Economic Development Corporation
Is Bronx Overall Economic Development Corporation a legitimate charity?
Bronx Overall Economic Development Corporation (EIN: 133079387) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $53.8M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Bronx Overall Economic Development Corporation spend its money?
Bronx Overall Economic Development Corporation directs 80% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Bronx Overall Economic Development Corporation tax-deductible?
Bronx Overall Economic Development Corporation is registered as a tax-exempt nonprofit (EIN: 133079387). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bronx Overall Economic Development Corporation CEO make?
Bronx Overall Economic Development Corporation's highest-compensated officer earns $26 annually. The organization reported $53.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Bronx Overall Economic Development Corporation located?
Bronx Overall Economic Development Corporation is headquartered in Bronx, New York and files with the IRS under EIN 133079387.
How many years of IRS 990 filings does Bronx Overall Economic Development Corporation have?
Bronx Overall Economic Development Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $53.8M in total revenue.
Why does the organization consistently report 0% officer compensation?
The consistent reporting of zero officer compensation across all 13 filings is highly unusual for an organization of this size and activity level. This could indicate that executive salaries are paid by a related entity, through a management agreement, or are not directly reported on the 990, which impacts the transparency of leadership costs.
How does the organization cover its operating deficits when expenses exceed revenue?
In several periods, such as 202306 and 202206, expenses exceeded revenue. Given the substantial and stable asset base (e.g., $26,832,621 in 202306), it's likely these deficits are covered by drawing from accumulated reserves or investment income not fully captured in the 'revenue' line item, or through specific grants/funding that fluctuate year-to-year.
What is the nature of the 'Latest Revenue' figure of $53,751,432 compared to the 990 filing revenues?
The 'Latest Revenue' figure of $53,751,432 is significantly higher than any annual revenue reported in the 990 filings (which typically range $1.2M-$2.3M). This discrepancy suggests it might represent a cumulative figure, a specific large project grant, or a different reporting period/methodology not directly aligned with the annual 990 revenue figures provided in the filing history.
Filing History
IRS 990 filing history for Bronx Overall Economic Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bronx Overall Economic Development Corporation's revenue has declined by 50%, moving from $3.4M to $1.7M. Total assets decreased by 12.8% over the same period, from $30.8M to $26.8M. Total functional expenses fell by 23.9%, from $2.9M to $2.2M. In its most recent filing year (2023), Bronx Overall Economic Development Corporation reported a deficit of $474K, with expenses exceeding revenue. The organization holds $341K in liabilities against $26.8M in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $26.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $2.2M | $26.8M | $341K | — | View 990 |
| 2022 | $1.4M | $1.7M | $26.8M | $241K | — | View 990 |
| 2021 | $2.3M | $1.8M | $27.9M | $894K | — | View 990 |
| 2020 | $2.0M | $1.7M | $28.3M | $1.4M | — | View 990 |
| 2019 | $1.9M | $1.9M | $28.0M | $1.5M | — | View 990 |
| 2018 | $2.0M | $2.4M | $28.4M | $2.1M | — | View 990 |
| 2017 | $1.2M | $2.0M | $28.2M | $1.6M | — | View 990 |
| 2016 | $1.6M | $2.1M | $28.1M | $1.3M | — | View 990 |
| 2015 | $1.8M | $2.0M | $28.5M | $1.2M | — | View 990 |
| 2014 | $1.9M | $1.8M | $29.3M | $843K | — | View 990 |
| 2013 | $2.1M | $2.7M | $29.1M | $955K | — | View 990 |
| 2012 | $2.2M | $3.5M | $29.6M | $770K | — | View 990 |
| 2011 | $3.4M | $2.9M | $30.8M | $902K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $2.2M, and assets of $26.8M (revenue +24.9% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.7M, and assets of $26.8M (revenue -40.6% year-over-year).
- 2021: Revenue of $2.3M, expenses of $1.8M, and assets of $27.9M (revenue +14.6% year-over-year).
- 2020: Revenue of $2.0M, expenses of $1.7M, and assets of $28.3M (revenue +7.0% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.9M, and assets of $28.0M (revenue -5.4% year-over-year).
- 2018: Revenue of $2.0M, expenses of $2.4M, and assets of $28.4M (revenue +61.0% year-over-year).
- 2017: Revenue of $1.2M, expenses of $2.0M, and assets of $28.2M (revenue -24.7% year-over-year).
- 2016: Revenue of $1.6M, expenses of $2.1M, and assets of $28.1M (revenue -8.7% year-over-year).
- 2015: Revenue of $1.8M, expenses of $2.0M, and assets of $28.5M (revenue -5.3% year-over-year).
- 2014: Revenue of $1.9M, expenses of $1.8M, and assets of $29.3M (revenue -8.0% year-over-year).
- 2013: Revenue of $2.1M, expenses of $2.7M, and assets of $29.1M (revenue -6.8% year-over-year).
- 2012: Revenue of $2.2M, expenses of $3.5M, and assets of $29.6M (revenue -35.4% year-over-year).
- 2011: Revenue of $3.4M, expenses of $2.9M, and assets of $30.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bronx Overall Economic Development Corporation:
Data Sources and Methodology
This transparency report for Bronx Overall Economic Development Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.