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Nonprofiteer
← WEST BRIGHTON COMMUNITY LOCAL DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by WEST BRIGHTON COMMUNITY LOCAL DEVELOPMENT CORPORATION.

Totals

Total revenue
$535,739
Total expenses
$478,040
Contributions and grants received
$456,917
Grants paid
$0
Program service revenue
$74,064
Investment income
$398
Other revenue
$4,360
Total assets, end of year
$494,597
Total liabilities, end of year
$25,600
Net assets or fund balances, end of year
$468,997
Program services expenses (Part IX)
$415,114
Management and general expenses
$62,926
Fundraising expenses
$0
Program service expenses (Part III)
$415,114

Program services were 86.8% 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)

    $431,917

  • 1f · All other contributions, gifts and grants

    $25,000

  • 2a · Program service revenue: MANAGEMENT FEES

    total $74,064 · excluded $74,064

  • 3 · Investment income

    total $398 · excluded $398

  • 8a · Fundraising events: gross income

    $9,360

  • 8b · Fundraising events: direct expenses

    $5,000

  • 8c · Net income from fundraising events

    total $4,360

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $85,743 · program services $78,884 · management and general $6,859

  • 7 · Other salaries and wages

    total $197,550 · program services $177,062 · management and general $20,488

  • 9 · Other employee benefits

    total $3,277 · program services $3,277

  • 10 · Payroll taxes

    total $21,673 · program services $19,924 · management and general $1,749

  • 11c · Fees: accounting

    total $53,315 · program services $50,618 · management and general $2,697

  • 13 · Office expenses

    total $6,601 · program services $3,312 · management and general $3,289

  • 16 · Occupancy

    total $58,764 · program services $44,749 · management and general $14,015

  • 17 · Travel

    total $41 · management and general $41

  • 22 · Depreciation, depletion and amortization

    total $2,927 · management and general $2,927

  • 23 · Insurance

    total $5,440 · program services $2,838 · management and general $2,602

  • 24a · Other expenses: PROGRAM RELATED EXPENSES

    total $20,385 · program services $20,385

  • 24b · Other expenses: EQUIPMENT RENTAL & MAINT.

    total $15,275 · program services $10,482 · management and general $4,793

  • 24c · Other expenses: TELEPHONE

    total $4,450 · program services $3,270 · management and general $1,180

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $1,354 · management and general $1,354

  • 24e · All other expenses

    total $1,245 · program services $313 · management and general $932

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $120,167 · end of year $71,435

  • 3 · Pledges and grants receivable

    beginning of year $294,346 · end of year $398,565

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,028 · end of year $4,850

  • 10a · Land, buildings and equipment: cost or other basis

    $32,462

  • 10b · Land, buildings and equipment: accumulated depreciation

    $23,327

  • 10c · Land, buildings and equipment, net

    beginning of year $12,062 · end of year $9,135

  • 15 · Other assets

    beginning of year $7,449 · end of year $10,612

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,754 · end of year $25,600

  • 27 · Net assets without donor restrictions

    beginning of year $398,934 · end of year $417,181

  • 28 · Net assets with donor restrictions

    beginning of year $12,364 · end of year $51,816

Mission and programs · 2024

Mission

THE WEST BRIGHTON COMMUNITY LOCAL DEVELOPMENT CORPORATION DBA STATEN ISLAND BUSINESS OUTREACH CENTER (SIBOC) WAS ESTABLISHED AS A NOT-FOR-PROFIT CORPORATION THAT IS DEDICATED TO MAKING STATEN ISLAND, NEW YORK A BETTER PLACE TO LIVE AND SHOP. OUR PROGRAMS ARE DESIGNED TO ATTRACT NEW BUSINESSES AND ASSIST EXISTING BUSINESSES IN EXPANSION, RENOVATIONS, PROMOTIONS, AND INTERACTIONS WITH GOVERNMENT AGENCIES. SIBOC, THROUGH OUR SMALL BUSINESS DEVELOPMENT SERVICES, EMPOWERS UNDERSERVED AND LOW- AND MODERATE-INCOME (LMI) ENTREPRENEURS AND SMALL BUSINESS OWNERS, THROUGH A COMBINATION OF BUSINESS ASSISTANCE AND WORKFORCE DEVELOPMENT. VARIOUS SERVICES ARE AVAILABLE TO ASSIST BUSINESS OWNERS SUCH AS: ONE TO ONE BUSINESS COUNSELING, FINANCIAL LITERACY, LOAN APPLICATIONS ASSISTANCE AND SERVICES FROM GOVERNMENT, UNDERSTAND REGULATORY REQUIREMENTS AND HOW TO BECOME COMPLIANT; SEMINARS ON BUSINESS TOPICS AND TECHNOLOGY CLASSES. SIBOC PROVIDES MINORITY AND WOMEN BUSINESS OWNERS WITH OUTSTANDING SUPPORT

  • BUSINESS SERVICES AND TRAINING - SIBOC PROVIDES INDIVIDUAL COUNSELING, WORKSHOPS, AND SEMINARS TO NEW AND EMERGING ENTREPRENEURS SEEKING TO OPEN AND/OR GROW THEIR BUSINESS. BUSINESS DEVELOPMENT SERVICES PROVIDED TO UNDERSERVED ENTREPRENEURS IN THE BOROUGH OF STATEN ISLAND. ASSIST BUSINESS OWNERS WITH LOAN APPLICATIONS AND SERVICES FROM GOVERNMENT, UNDERSTAND REGULATORY REQUIREMENTS AND HOW TO BECOME COMPLIANT; HOLD SEMINARS ON BUISNESS TOPICS AND PROVIDE TECHNOLOGY CLASSES. SIBOC PROVIDES MINORITY AND WOMEN BUSINESS OWNERS WITH OUTSTANDING SUPPORT SERVICES IN OBTAINING CITY, STATE AND FEDERAL M/WBE CERTIFICATION AND LICENSES, AND WORK WITH CITY AND STATE AGENCIES TO EXPAND THEIR ACCESS TO PROCUREMENT OPPORTUNITIES.

    Expenses $261,619

  • SIBOC'S ENTREPRENEURSHIP ASSISTANCE CENTER (EAC) IS A FULL-SERVICE CENTER THAT SUPPORTS NEW YORK CITY AREA ENTREPRENEURS AND SMALL BUSINESS OWNERS THROUGH ITS HOLISTIC TRAINING AND COACHING. OUR EAC CENTER PROVIDES INSTRUCTION, TRAINING, AND ONE-ON-ONE COUNSELING IN VARIOUS LANGUAGES TO HELP ASPIRING ENTREPRENEURS, FIRST-TIME AND EXISTING BUSINESS OWNERS TO DEVELOP BUSINESS, PROBLEM-SOLVING AND MANAGEMENT SKILLS TO TURN THEIR BUSINESS CONCEPTS INTO REALITY AND MAKE THE RIGHT DECISIONS. THE EMPHASIS IS ON HELPING INDIVIDUALS DEVELOP SUCCESSFUL, RESILIENT, AND LASTING BUSINESSES.EACS OFFER A WIDE RANGE OF TECHNICAL ASSISTANCE SERVICES, INCLUDING: EVALUATING THE FEASIBILITY OF STARTING A NEW BUSINESS, REFINING A BUSINESS CONCEPT AND BUSINESS PLAN, BUSINESS REGISTRATION ASSISTANCE, SKILLS BUILDING IN THE APPLICATION OF BUSINESS MANAGEMENT PRINCIPLES AND PRACTICES, A 60-HOURS BUSINESS PLAN TRAINING COURSE, LEARN FINANCIAL MANAGEMENT SKILLS, DEVELOP AND EXECUTE MARKETING STRATEGIES, WEBSITE DEVELOPMENT AND THE DESIGN OF ECOMMERCE PLATFORMS, LEARN TO SELL PRODUCTS AND SERVICES ONLINE, COUNSELING AND GUIDANCE IN IDENTIFYING AND ACCESSING CAPITAL AND CREDIT SERVICES, ASSISTANCE WITH STATE PROCUREMENT PROGRAMS, CERTIFICATION ASSISTANCE TO NEW YORK STATE MINORITY/WOMEN-OWNED BUSINESS ENTERPRISES AND MENTORING.

    Expenses $153,495

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nina Flores

    EXECUTIVE DI

    Total calculated
    $87,500
    From this org
    $87,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Enrico Bawar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Bloomfield

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Eric Campione

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Timothy Castanza

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Teresa Cirelli

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Doreen Cugno

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Maureen Fairlie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tiffany Feo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joseph Cuozzo MBA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Myers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nancy Nix

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Roy A Rucci

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Laura Volsario

    DIRECTOR

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
15 January 2026
IRS schema version
2024v5.0
Source object
202620159349301952

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