Totals
- Total revenue
- $436,355
- Total expenses
- $200,222
- Contributions and grants received
- $428,664
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $1,872
- Other revenue
- $5,819
- Total assets, end of year
- $1,409,377
- Total liabilities, end of year
- $696,526
- Net assets or fund balances, end of year
- $712,851
- Program services expenses (Part IX)
- $151,737
- Management and general expenses
- $48,485
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $151,737
Program services were 75.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$140,806
-
1f · All other contributions, gifts and grants
$287,858
-
3 · Investment income
total $1,872 · excluded $1,872
-
11a · Other revenue: MISCELLANEOUS
total $5,819 · related or exempt $5,819
-
11e · Other revenue, total
$5,819
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $109,796 · program services $85,793 · management and general $24,003
-
9 · Other employee benefits
total $4,250 · program services $3,321 · management and general $929
-
10 · Payroll taxes
total $8,087 · program services $6,318 · management and general $1,769
-
11g · Fees: other
total $51,120 · program services $51,120
-
13 · Office expenses
total $4,013 · program services $4,013
-
16 · Occupancy
total $1,500 · program services $1,172 · management and general $328
-
20 · Interest
total $4,871 · management and general $4,871
-
24a · Other expenses: BAD DEBT EXPENSE
total $14,167 · management and general $14,167
-
24b · Other expenses: DUES, SUBSCRIPTIONS, AN
total $2,418 · management and general $2,418
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $10,238 · end of year $6,102
-
2 · Savings and temporary cash investments
beginning of year $306,782 · end of year $458,597
-
3 · Pledges and grants receivable
beginning of year $30,187 · end of year $25,000
-
7 · Other notes and loans receivable
beginning of year $416,307 · end of year $471,657
-
15 · Other assets
beginning of year $188,408 · end of year $448,021
-
17 · Accounts payable and accrued expenses
beginning of year $22,732 · end of year $10,404
-
24 · Unsecured notes and loans payable
beginning of year $50,000 · end of year $550,000
-
25 · Other liabilities
beginning of year $402,472 · end of year $136,122
-
27 · Net assets without donor restrictions
beginning of year $476,718 · end of year $712,851
Mission and programs · 2022
Mission
THE BROOKLYN ALLIANCE CAPITAL, INC. IS A MICRO-LOAN INSTITUTION AND PROVIDES LOANS TO SMALL BUSINESSES (SPECIFICALLY IMMIGRANT AND MINORITY OWNED).
Activities or mission (Part I)
PROVIDES MICRO-LOANS TO SMALL BUSINESSES (SPECIFICALLY IMMIGRANT AND MINORITY OWNED).
-
BROOKLYN ALLIANCE CAPITAL, INC. PROVIDES FINANCING TO UNDER-SERVED MINORITY AND IMMIGRANT ENTREPRENEURS AND LOW-INCOME SMALL BUSINESS OWNERS TO INCREASE FINANCIAL STABILITY AND FOSTER ECONOMIC GROWTH THAT WILL CREATE JOBS IN BROOKLYN.
Expenses $151,737
As filed on the 2022 return.
Listed in Part VII
-
Randolph PeersRANDOLPH PEERS
PRESIDENT & CEO
- Total calculated
- $305,491
- From this org
- $0
- From related orgs
- $305,491
- Other
- $0
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $305,491 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $305,491 related
-
Ana OliveiraANA OLIVEIRA
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2 + 4 related
-
Pasquale PatronePASQUALE PATRONE
TREASURER
- Total calculated
- $0
- Hours/week
- 2 + 4 related
-
Susan DobanSUSAN DOBAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 2 + 4 related
-
Andrew WalcottANDREW WALCOTT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bryon DoxfordBRYON DOXFORD
TRUSTEE (RESIGNED 7/31/22)
- Total calculated
- $0
- Hours/week
- 1
-
Christopher MurthaCHRISTOPHER MURTHA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David BagatelleDAVID BAGATELLE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joseph PellegrinoJOSEPH PELLEGRINO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kenny GuanKENNY GUAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kevin O'ConnorKEVIN O'CONNOR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Thomas KeaneTHOMAS KEANE
TRUSTEE (RESIGNED 5/31/22)
- Total calculated
- $0
- Hours/week
- 1
-
Vincent ChiricoVINCENT CHIRICO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert CornegyROBERT CORNEGY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Gil CyglerGIL CYGLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Eugene ShvartsmanEUGENE SHVARTSMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- THE COMPENSATION FOR RANDOLPH PEERS IS DETERMINED BY THE BOARD OF DIRECTORS OF THE BROOKLYN CHAMBER OF COMMERCE.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
BROOKLYN CHAMBER OF COMMERCE INC
501(C)(6) · PROMOTE THE WELFARE OF NYC · NY
-
501(C)(3) · DEVELOPMENT OF THE BROOKLYN COMMUNITY · NY
Directly controlled by BROOKLYN CHAMBER OF COMMERCE INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202322839349300412
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