Totals
- Total revenue
- $139,909
- Total expenses
- $108,291
- Contributions and grants received
- $50,000
- Grants paid
- $0
- Program service revenue
- $89,813
- Investment income
- $96
- Other revenue
- $0
- Total assets, end of year
- $1,026,922
- Total liabilities, end of year
- $1,142,427
- Net assets or fund balances, end of year
- -$115,505
- Program services expenses (Part IX)
- $93,611
- Management and general expenses
- $14,680
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $93,611
Program services were 86.4% 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.
-
1d · Related organizations
$50,000
-
2a · Program service revenue: Program Fees
total $89,813 · related or exempt $89,813
-
3 · Investment income
total $96 · excluded $96
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Other income
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $9,860 · program services $2,460 · management and general $7,400
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $62,635 · program services $62,635
-
17 · Travel
total $15 · management and general $15
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: Equipment rental and maintenan
total $16,070 · program services $16,070
-
24b · Other expenses: Bad debt and provision losses
total $7,165 · program services $7,165
-
24c · Other expenses: Supplies, printing and postage
total $6,487 · program services $4,344 · management and general $2,143
-
24d · Other expenses: Bank charges
total $4,442 · program services $937 · management and general $3,505
-
24e · All other expenses
total $1,617 · management and general $1,617
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $20,956 · end of year $75,126
-
2 · Savings and temporary cash investments
beginning of year $2,005 · end of year $6,405
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $19,349 · end of year $6,714
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $694 · end of year $1,667
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $4,566 · end of year $937,010
-
17 · Accounts payable and accrued expenses
beginning of year $4,565 · end of year $2,567
-
25 · Other liabilities
beginning of year $190,128 · end of year $1,139,860
-
27 · Net assets without donor restrictions
beginning of year -$147,123 · end of year -$115,505
Mission and programs · 2023
Mission
THROUGH PARTNERSHIPS, BOC DEVELOPMENT CORPORATION HELPS PRESERVE COMMERCIAL SPACE FOR SMALL BUSINESS USES IN LOW-INCOME AREAS AND COLLABORATES WITH THE BUSINESS OUTREACH CENTER NETWORK, INC. FOR SERVICES TO SMALL BUSINESS AND ADMINISTRATIVE SUPPORT. SOURCES OF REVENUES ARE PROGRAM FEES ASSOCIATED WITH COMMERCIAL/INDUSTRIAL BUSINESS DEVELOPMENT AS WELL AS USER FEES AND GRANT SUPPORT FOR THE BRONX BUSINESS INCUBATOR.
Activities or mission (Part I)
BOC Development promote employment, business development and other economic and social opportunities.
-
BOC DEVELOPMENT CORPORATION OPERATES WITH BXL BRONX BUSINESS INCUBATOR IN COLLABORATION WITH BUSINESS OUTREACH CENTER NETWORK, INC. BXL BUSINESS INCUBATOR WAS LAUNCHED MAY 1, 2014 IN HUNTS POINT, BRONX, WITH A LEASE FOR AN 11,000 SQUARE FOOT SMALL BUSINESS INCUBATOR SPACE AT THE BANK NOTE BUILDING. THE BXL INCUBATOR PROVIDES A COMBINATION OF SHARED-USE OFFICE SPACE AND SUPPORT SERVICES TO ENTREPRENEURS AND SMALL BUSINESSES WITH A SPECIAL FOCUS ON INDUSTRIES AND SECTORS THAT OFFER GROWTH POTENTIAL.
Expenses $93,611 · Revenue $89,813
As filed on the 2023 return.
Listed in Part VII
-
Nancy CarinNANCY CARIN
President
- Total calculated
- $277,847
- From this org
- $0
- From related orgs
- $241,962
- Other
- $35,885
- Hours/week
- 4 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $241,962 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $5,700 related
- Nontaxable benefits
- not reported + $30,185 related
- Filer's total
- not reported + $277,847 related
-
Elena ZikussELENA ZIKUSS
CFO
- Total calculated
- $206,135
- From this org
- $0
- From related orgs
- $165,792
- Other
- $40,343
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $165,792 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $4,200 related
- Nontaxable benefits
- not reported + $36,143 related
- Filer's total
- not reported + $206,135 related
-
Rodney SantiagoRODNEY SANTIAGO
Treasurer
- Total calculated
- $167,185
- From this org
- $0
- From related orgs
- $133,760
- Other
- $33,425
- Hours/week
- 4 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $133,760 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $4,315 related
- Nontaxable benefits
- not reported + $29,110 related
- Filer's total
- not reported + $167,185 related
-
Roberta CohenROBERTA COHEN
Secretary
- Total calculated
- $0
- Hours/week
- 0.1
-
Leslie WinterLESLIE WINTER
Aud Comm chair
- Total calculated
- $0
- Hours/week
- 0.1 + 4 related
-
David AcevedoDAVID ACEVEDO
AUD comm member
- Total calculated
- $0
- Hours/week
- 0.1 + 1.1 related
-
Gregory J LibertinyGREGORY J LIBERTINY
Aud comm member
- Total calculated
- $0
- Hours/week
- 0.1 + 3 related
-
Daniel LiuDANIEL LIU
Aud Comm Member
- Total calculated
- $0
- Hours/week
- 0.1 + 0.2 related
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
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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
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.
-
Business Outreach Center Network Inc
501(C)(3) · To promote employment and business · NY
Directly controlled by NA
-
501(C)(3) · To promote vitality and reduce unemploym · NY
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521359349307487
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