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Nonprofiteer
← SOUTH BRONX COMMUNITY MANAGEMENT COMPANY INC

Form 990 for tax year 2022

Filed by SOUTH BRONX COMMUNITY MANAGEMENT COMPANY INC.

Totals

Total revenue
$3,103,757
Total expenses
$4,107,370
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,958,585
Investment income
$145,172
Other revenue
$0
Total assets, end of year
$3,595,853
Total liabilities, end of year
$8,578,768
Net assets or fund balances, end of year
-$4,982,915
Program services expenses (Part IX)
$3,618,272
Management and general expenses
$489,098
Fundraising expenses
$0
Program service expenses (Part III)
$3,618,272

Program services were 88.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • RAUL RUSSI

    PRESIDENT

    Total calculated
    $935,391
    From this org
    $0
    From related orgs
    $861,432
    Other
    $73,959
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $650,518 related
    Bonus
    $0 + $210,914 related
    Other
    $0
    Deferred
    $0 + $21,750 related
    Nontaxable benefits
    $0 + $52,209 related
    Filer's total
    $0 + $935,391 related

  • LYMARIS ALBORS

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $795,306
    From this org
    $0
    From related orgs
    $748,860
    Other
    $46,446
    Hours/week
    2 + 33 related

    Schedule J breakdown matched by us

    Base
    $0 + $656,410 related
    Bonus
    $0 + $92,450 related
    Other
    $0
    Deferred
    $0 + $21,006 related
    Nontaxable benefits
    $0 + $25,440 related
    Filer's total
    $0 + $795,306 related

  • JOSE A RODRIGUEZ

    CHIEF LEGAL OFFICER/EXEC VP

    Total calculated
    $601,037
    From this org
    $0
    From related orgs
    $560,176
    Other
    $40,861
    Hours/week
    2 + 33 related

    Schedule J breakdown matched by us

    Base
    $0 + $468,650 related
    Bonus
    $0 + $91,526 related
    Other
    $0
    Deferred
    $0 + $14,500 related
    Nontaxable benefits
    $0 + $26,361 related
    Filer's total
    $0 + $601,037 related

  • VICKY GATELL

    CHIEF FINANCIAL OFFICER

    Total calculated
    $473,732
    From this org
    $0
    From related orgs
    $432,484
    Other
    $41,248
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $362,134 related
    Bonus
    $0 + $70,350 related
    Other
    $0
    Deferred
    $0 + $14,500 related
    Nontaxable benefits
    $0 + $26,748 related
    Filer's total
    $0 + $473,732 related

  • RAMON VELEZ JR

    PRESIDENT

    Total calculated
    $178,875
    From this org
    $178,875
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $178,875
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $178,875

  • MADELYN LUGO

    ADMINISTRATOR

    Total calculated
    $171,957
    From this org
    $150,740
    From related orgs
    $0
    Other
    $21,217
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $150,740
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $21,217
    Filer's total
    $171,957

  • ELIEZER RODRIGUEZ

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • GILBERT HERNANDEZ

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MARYBETH HOTALING

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ARNIE SEGARRA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CARMEN S MELERO

    VICE CHAIR

    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

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Form 990, Schedule J
PART I, LINE 3 PURSUANT TO THE ORGANIZATION'S BY-LAWS, THE ORGANIZATION DELEGATES TO IT PARENT ENTITY THE HIRING OF THE CEO AND PRESIDENT. THE COMPENSATION OF THE EXECUTIVES IS APPROVED BY THE PARENT ENTITY, WHO HIRES A CONSULTANT TO CONDUCT A STUDY. A STANDING COMMITTEE OF THE PARENT ENTITY REVIEWS A COMPENSATION STUDY AND VOTES ON HOW TO PROCEED. PART I, LINE 7 THE BONUSES FOR THE CEO AND PRESIDENT ARE APPROVED BY THE BOARD OF THE PARENT COMPANY. THE REMAINING EXECUTIVE BONUSES ARE APPROVED BY THE CEO.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202421369349314902

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