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Organizations Community Improvement & Capacity Building Sobro Development Corporation

Sobro Development Corporation

Fiscal year ending 2018. Filed on January 27, 2020.

555 Bergen Avenue 3rd Floor
Bronx, New York 10455

Sobro Development Corporation (EIN: 13-3157572) has filed an IRS Form 990 from fiscal year 2016–2022. In its fiscal year 2018 IRS Form 990 filing, Sobro Development Corporation, a 501(c)(3) charitable organization, reported compensation for 6 employees. Among the employees shown here, the average compensation is $107,350. The highest compensated employee at Sobro Development Corporation is Phillip Morrow with fiscal year 2018 compensation of $157,547.

Revenue, expenses, and employee compensation

Revenue

$1,134,937

Expenses

$1,445,101

Employee compensation

$47,690
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Phillip Morrow
Former President
$157,547
$10,183 $147,364 No other comp
Nathaniel Montgomery
Former Vice President
$125,409
$19,651 $105,758 No other comp
Johanna Dejesus
Secretary
$102,400
$0 $102,400 No other comp
Christie Alcid
Former Chief Financial Officer
$100,013
$14,209 $85,804 No other comp
Steven Brown
President
$51,382
$3,647 $47,735 No other comp
Karen McGuinness
Treasurer
$0

Benchmark Employee Compensation

Non-Employee Board Members

Arline Parks
Director
Jean Smith
Chair
Mark Castle
Director

Mission Statement

THE ORGANIZATION'S PRIMARY FUNCTION IS TO ADDRESS SOUTH BRONX'S NEED FOR DEVELOPMENT OF LOCAL BUSINESSES. THE ORGANIZATION OWNS AND LEASES PROPERTIES IN THE SOUTH BRONX THAT ARE RENTED TO LOCAL BUSINESSES.

Revisions to this organization profile

August 31, 2023:
2022 Sobro Development Corporation 990 filed
June 13, 2023:
2021 Sobro Development Corporation 990 filed
December 8, 2022:
2020 Sobro Development Corporation 990 filed

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