EIN 13-2736022

South Bronx Overall Economic Development Corporation (SoBRO)

IRS 501(c) type
Num. employees
Year formed
Most recent tax filings
SoBRO’s mission is to enhance the quality of life in the South Bronx by strengthening businesses and creating innovative economic, housing, educational, and career development programs for youth and adults.
Total revenues
Total expenses
Total assets
Num. employees

Program areas at SoBRO

The youth Development and education department provided after-school summer youth employment, and out-of-school youth services to 2,100 young people between the ages of 5 and 24. In-school and after-school programs assisted a total of 1,040 elementary, middle and high school students with homework and tutoring, college preparation, arts and cultural activities, and leadership Development. Additionally, summer internships were provided to over 700 youth through our syep program and 179 for syep/wlh program during the winter. Participants were provided academic support, career awareness training, work skills Development, and leadership training. The sobro transformation academy, which is a combination of the youthbuild program and young adult justice scholars program, serves at-risk young adults to earn their hse and obtain post-secondary education/job placement.
In fy2021, sobro provided career Development services to hundred of individuals, placing them into employment and delivering job-readiness training, which included a customer service training component and nationally recognized certification in customer service. Sobro's outcomes for adult education classes have consistently surpassed program evaluation targets.
Sobro has more than two decades of experience developing and managing commercial and residential properties, evidenced by our portfolio of over 450 units of affordable and market rate housing and over 120,000 square feet of commercial, industrial, and office space in the Bronx and upper manhattan. Sobro's housing Development efforts include rehabilitating existing buildings and creating new buildings in vacant space to transform blighting influences into beautiful and viable spaces for living and working. One of sobro's goals and part of our comprehensive strategy for community develoment is to increase the availability of rental housing for low and moderate-income families. To this end, we build new housing, rehabilitate vacant properties, and prevent deteriorating housing stock from becoming abandoned.
Industrial Development and job creation community and technical assistance

Who funds South Bronx Overall Economic Development Corporation (SoBRO)

Grants from foundations and other nonprofits
Citi FoundationCommunity Progress Makers$250,000
Mother Cabrini Health FoundationSobros Steps To Success$210,000
ExpandED SchoolsExpanded Learning Time$188,747
...and 6 more grants received

Personnel at SoBRO

Lourdes ZapataPresident and Chief Executive Officer$225,219
Tonia ElvinChief Financial Officer$113,315
Delilah TysonChief Administrative Officer$124,269
Esther GonzalezDirector of Human Resources
Karen McGuinnessTreasurer and Finance / Secretary / Treasurer / Board Member$0
...and 12 more key personnel

Financials for SoBRO

RevenuesFYE 03/2022
Total grants, contributions, etc.$10,608,055
Program services$1,049,502
Investment income and dividends$119
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$361,386
Total revenues$12,019,062

Form 990s for SoBRO

Fiscal year endingDate received by IRSFormPDF link
2022-032023-08-31990View PDF
2021-032023-06-13990View PDF
2021-032022-06-06990View PDF
2020-032022-04-08990View PDF
2019-032021-07-28990View PDF
...and 10 more Form 990s
Data update history
November 7, 2023
Posted financials
Added Form 990 for fiscal year 2022
October 30, 2023
Updated personnel
Identified 1 new personnel
October 24, 2023
Used new vendors
Identified 1 new vendor, including
August 11, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 23, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizationsCharitiesCommunity Action Programs
Community improvementEconomic development
State / local levelReceives government fundingGala fundraisersTax deductible donations
General information
555 Bergen Ave 3rd Floor
Bronx, NY 10455
Metro area
New York-Newark-Jersey City, NY-NJ-PA
Bronx County, NY
Website URL
(718) 292-3113
IRS details
Fiscal year end
Taxreturn type
Form 990
Year formed
Eligible to receive tax-deductible contributions (Pub 78)
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization
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