HARLEM BUSINESS ALLIANCE INC

As filed

Subsection

03

NTEE code

S20Z

Classification

1000

Street

275 LENOX AVENUE

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• FINANCIAL LITERACY - NYC DEPARTMENT OF SMALL BUSINESS SERVICES: HBA PROVIDED COMPREHENSIVE IN-PERSON ONE-ON-ONE TECHNICAL ASSISTANCE AND WORKSHOPS, SUPPORTING OVER 274 INDIVIDUALS WITH STRATEGIC AND FINANCIAL PLANNING, TECHNOLOGY ADOPTION, BRANDING, AND SOCIAL MEDIA. APPROXIMATELY 443 HOURS OF ONE-ON-ONE TECHNICAL ASSISANCE WAS PROVIDED TO HBAS CLIENTS (OR APPROXIMATELY 40 HOURS PER MONTH).

  Expenses $121,575 · Revenue $132,085

• MWBE LEADERSHIP ASSOCIATION - NYC DEPARTMENT OF SMALL BUSINESS SERVICES: HBA DELIVERED EXTENSIVE BUSINESS EDUCATION WORKSHOPS AND ONE-TO-ONE TECHNICAL ASSISTANCE, MWBE (MINORITY AND WOMEN-OWNED BUSINESS ENTERPRISE) CERTIFICATION ASSISTANCE, AND FINANCIAL EDUCATION WORKSHOPS. HBA HELPED 80 BUSINESSES TO NOT ONLY COMPETE FOR AND PERFORM ON CITY CONTRACTS, BUT TO GROW THEIR BUSINESSES AS WELL. 12 OF THOSE BUSINESSES BECAME CERTIFIED. HBA PROVIDED OVER 307 HOURS OF TECHNICAL ASSISTANCE TO OVER 30 ENTREPRENEURS AND SMALL BUSINESSES VIA ONE-ON-ONE COUNSELING AND TECHNICAL ASSISTANCE ON STARTING A BUSINESS, DISCUSSING THE ELEMENTS OF A BUSINESS PLAN, ADVISING ON MARKETING AND BUSINESS PLAN STRATEGIES AND OTHER RELEVANT TOPICS. HBA ALSO HOSTED NETWORKING EVENTS, POP UP EXPERIENCES FOR PRODUCT-BASED BUSINESSES, AND CONNECTED BUSINESSES TO PARTNERING ORGANIZATIONS.

  Expenses $91,042 · Revenue $96,022

• TDX/MTA - IN CONJUNCTION WITH TDX CONSTRUCTION CORPORATION AND THE NYC METROPOLITAN TRANSPORTATION AUTHORITY(MTA) SMALL BUSINESS DEVELOPMENT PROGRAM (SBDP), HBA ADDRESSES THE NEEDS AND LONG-TERM SUSTAINABILITY OF SMALL GROWTH POTENTIAL ENTREPRENEURS BY PROVIDING BUSINESS MANAGEMENT SUPPORT, USING A TRAINING WHILE DOING APPROACH, TO MINORITY AND WOMEN OWNED FIRMS THAT HAVE A VISION TO SUCCEED, THE AMBITION TO TRY, AND THE NEED FOR HANDS ON ASSISTANCE. HBA ASSISTED OVER 150 BUSINESSES.

  Expenses $61,317 · Revenue $97,112

• THROUGH COMMUNITIES OF COLOR NONPROFIT STABILIZATION FUND (CCNSF)SUPPORT, HBA ADVANCED CULTURALLY RESPONSIVE PROGRAMMING TAILORED TO THE NEEDS OF BLACK ENTREPRENEURS IN NEW YORK CITY. THE ORGANIZATION CONDUCTED COMPREHENSIVE RESEARCH INVOLVING 30+ SURVEY PARTICIPANTS AND 2 STAKEHOLDERS TO INFORM EQUITY-CENTERED RECOMMENDATIONS. FINDINGS WERE USED TO DESIGN NEW PROGRAM MODELS THAT STRENGTHENED ENGAGEMENT AND ACCESSIBILITY FOR BLACK-OWNED BUSINESSES ACROSS ALL STAGES OF DEVELOPMENT.

  Expenses $42,715 · Revenue $45,000

• DYCD - WITH FUNDING SUPPORT FROM THE DEPARTMENT OF YOUTH AND COMMUNITY DEVELOPMENT, HBA SUCCESSFULLY DELIVERED INTENSIVE BUSINESS EDUCATION WORKSHOPS AND ONE-ON-ONE ASSISTANCE TO RESIDENTS OF HARLEM EAGER TO ACQUIRE SKILLS IN BUSINESS PLAN DEVELOPMENT, CUSTOMER MARKETING, AND FINANCIAL STATEMENT MANAGEMENT. MORE THAN 50 ENTREPRENEURS PARTICIPATED IN EITHER IN-PERSON OR VIRTUAL WORKSHOPS. AFTER COMPLETION, ENTREPRENEURS PRESENTED THEIR BUSINESS CONCEPTS TO A PANEL OF JUDGES FOR A CHANCE TO SECURE SEED FUNDING AND CO-WORKING SPACE PROVIDED BY HBA. AS A RESULT, THESE BUSINESSES HAVE SINCE CRAFTED ROBUST BUSINESS PLANS AND IMPLEMENTED GROWTH STRATEGIES.

  Expenses $40,719 · Revenue $40,719

• HBA PARTNERED WITH VERIZON TO EXPAND ACCESS TO THE SMALL BUSINESS DIGITAL READY PLATFORM, CONDUCTING 3 WORKSHOPS AND OUTREACH SESSIONS THAT REACHED 150 BUSIENSS OWNERS. PARTICIPANTS GAINED PRACTICAL DIGITAL SKILLS IN E-COMMERCE, SOCIAL MEDIA MARKETING, AND ONLINE OPERATIONS. OVER 150 LOCAL ENTREPRENEURS ENROLLED IN VERIZONS ONLINE COURSES, ENHANCING THEIR ABILITY TO COMPETE IN AN INCREASINGLY DIGITAL ECONOMY.

  Expenses $31,815 · Revenue $35,000

• HBA SUCCESSFULLY IMPLEMENTED TAILORED TRACKS FOR BOTH NEW AND GROWING BUSINESSES, ENGAGING OVER 120 ENTREPRENEURS THROUGH 10 EXPERT-LED WORKSHOPS FOCUSED ON BUSINESS PLANNING, MARKET STRATEGY, AND ADVANCED GROWTH TECHNIQUES. PARTICIPANTS RECEIVED INDIVIDUALIZED MENTORSHIP, ACCESS TO PEER NETWORKS, AND RETAIL OPPORTUNITIES THROUGH HBAS STOREFRONT INITIATIVE. AS A RESULT, 75% OF PARTICIPANTS REPORTED INCREASED REVENUE, AND 20 BUSINESSES EXPANDED OPERATIONS OR LAUNCHED NEW PRODUCTS WITHIN SIX MONTHS OF COMPLETION.

  Expenses $22,049 · Revenue $50,000

• THROUGH THE LOCAL INITIATIVES SUPPORT CORPORATION (LISC) GRANT, HBA DELIVERED ONE-ON-ONE BUSINESS COUNSELING AND TRAINING TO 40 SMALL BUSINESS OWNERS ACROSS NEW YORK CITY, PRIORITIZING WOMEN -AND MINORITY-OWNED ENTERPRISES IN COMMUNITIES HEAVILY AFFECTED BY COVID-19. SUPPORTED BUSINESS PLAN DEVELOPMENT, CREDIT BUILDING, AND LOAN READINESS. DURING THE CONSULTATION SESSIONS, ENTREPRENEURS ARTICULATED THE CHALLENGES THEY FACED IN THEIR BUSINESSES. CONSULTANTS RESPONDED BY DRAWING UP INITIAL PLANS AND PROVIDING ADVICE TAILORED TO ADDRESS THESE SPECIFIC NEEDS. OUT OF THE 40 PARTICIPANTS WHO RECEIVED ONE-ON-ONE TECHNICAL ASSISTANCE, MANY ENCOUNTERED SIMILAR CHALLENGES. LEVERAGING THEIR EXPERTISE, THE CONSULTANTS DELIVERED IN-DEPTH MARKETING PLANS, FINANCIAL ADVICE, BRAND IDENTITY SUGGESTIONS, AND SOLUTIONS TO OTHER BUSINESS NEEDS.

  Expenses $19,204 · Revenue $12,000

• M&T BANK - MONEY MOVES INCUBATOR: THE MONEY MOVES INCUBATOR EMPOWERED 60 BLACK-OWNED NYC STARTUPS BY PROVIDING FINANCIAL EDUCATION, PEER ACCOUNTABILITY, AND ACCESS TO GROWTH CAPITAL. OVER 15 INTENSIVE SESSIONS, PARTICIPANTS DEVELOPED TAILORED FINANCIAL AND BUSINESS STRATEGIES RESULTING IN $300,000 IN COMBINED CAPITAL ACCESSED AND 40% OF BUSINESSES ACHIEVING MEASURABLE GROWTH WITHIN THE FIRST YEAR. THE INCUBATOR CREATED A STRONG COMMUNITY OF ENTREPRENEURS COMMITTED TO LONG-TERM WEALTH-BUILDING AND COLLABORATION.

  Expenses $18,734 · Revenue $25,000

• CREATIVE WORKSPACE (CW): THIS SPACE FUNCTIONS AS A CO-WORKING SPACE FOR ENTREPRENEURS AS WELL AS A SPACE FOR HBAS WORKSHOPS AND BUSINESS CONSULTATIONS WITH HBA SPECIALISTS.

  Revenue $2,747

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $616,820

  Expenses

  $634,751

  Contributions

  $613,939

  Grants paid

  $0

• 2023

  Revenue

  $635,138

  Expenses

  $832,351

  Contributions

  $631,997

  Grants paid

  $0

• 2022

  Revenue

  $653,673

  Expenses

  $629,972

  Contributions

  $650,623

  Grants paid

  $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $455,335

  Expenses

  $441,360

  Assets (EOY)

  $719,271

• 2020 · 990

  Revenue

  $410,647

  Expenses

  $466,814

  Assets (EOY)

  $640,516

• 2019 · 990

  Revenue

  $508,077

  Expenses

  $569,849

  Assets (EOY)

  $492,327

• 2018 · 990

  Revenue

  $633,031

  Expenses

  $619,578

  Assets (EOY)

  $557,262

• 2016 · 990

  Revenue

  $570,294

  Expenses

  $539,739

  Assets (EOY)

  $683,548

• 2015 · 990

  Revenue

  $586,957

  Expenses

  $569,053

  Assets (EOY)

  $441,676

• 2014 · 990

  Revenue

  $565,902

  Expenses

  $574,241

  Assets (EOY)

  $455,211

• 2013 · 990

  Revenue

  $622,309

  Expenses

  $671,192

  Assets (EOY)

  $424,535

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $438,468

  Assets (EOY)

  $465,725

• 2011 · 990

  Revenue

  — not reported

  Expenses

  $403,341

  Assets (EOY)

  $396,394

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• LOCAL INITIATIVES SUPPORT CORPORATION

  $47,000

  2024 · SEE PART IV

• NEW YORK URBAN LEAGUE INC

  $45,000

  2023 · TO PROVIDE ANNUAL ECONOMIC STIMULUS AND CAPACITY BUILDING SUPPORT

• WEST HARLEM DEVELOPMENT CORPORATION

  $10,000

  2023 · TO PRODUCE SUCCESSFUL ENTREPRENEURS AND CREATE JOBS FOR LOCAL RESIDENTS.

Other IRS files