Bronx Overall Economic Development Corporation logo

Bronx Overall Economic Development Corporation

Public charity · Grantmaker Bronx, NY EIN: 13-3079387 Website
EnvironmentNatural resourcesAir qualityCommunity and economic developmentSustainable development

Bronx Overall Economic Development Corporation (the "corporation") is a New York nonprofit organization, organized in 1981. The corporation was established to promote economic growth in the bronx, New York by providing loans and grants to businesses located in the bronx, consulting services to present and future companies, and on-the-job training. The corporation is funded primarily through governmental and foundation grants and contributions.

Key facts about Bronx Overall Economic Development Corporation

In short: Bronx Overall Economic Development Corporation gave $345K across 7 grants in 2025 (avg $49K), mostly in New York. Source: 2025 IRS Form 990.

EIN
13-3079387
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$345,430
Grants made (2025)
7
Average grant
$49,347
Median grant
$27,790
Total assets
$26,457,812
Primary geography
New York (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$26.5M

+0.7% YoY

Annual Giving

$345K

-69.1% YoY

Grant Count

7

+133.3% YoY

Avg Grant Size

$49K

-86.7% YoY

About Bronx Overall Economic Development Corporation

Based on IRS filings

Bronx Overall Economic Development Corporation is a public charity focused on Environment, based in Bronx, NY. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $26.5M in total assets. In 2025, it awarded 7 grants totaling $345K. Net investment income was $827K.

Focus Areas

EnvironmentNatural resourcesAir qualityCommunity and economic developmentSustainable development

Open Grants

1 open opportunity from Bronx Overall Economic Development Corporation

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of 2025 grant dollars across all 7 itemized grants.

States

New YorkPuerto Rico

Cities

BronxNew YorkBrooklynCulebra

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5MTotal only2019 1 grant2020 9 grants2021 Total only2022 3 grants2023 3 grants2024 7 grants2025

From 2019 to 2025, annual grant giving ranged from $250 (2019) to $1.1M (2024). In 2025 it made 7 grants totaling $345K.

Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2025

Dugoutbx 2 LLC: $180KDugoutbx 2 LLC$180KKey Food 881 Stadium Food Corp: $59KKey Food 881 Stadium Food Corp$59K16 FFI LLC: $33K16 FFI LLC$33KDanice Stores Inc: $28KDanice Stores Inc$28KSouth Bronx United Inc: $24KSouth Bronx United Inc$24KFPJ Amusements & Entertainment Services: $11KFPJ Amusements & EntertainmentServices$11KFix It With Piggy: $10KFix It With Piggy$10K

The largest 2025 recipient was Dugoutbx 2 LLC ($180K). Together the top 7 received $345K.

Grant Size Distribution

22 grants across all recorded years

16<$50K3$50–100K2$100–250K$250–500K$500K–1M1$1–5M$5M+

The most common grant size was under $50K: 16 grants of 22 (73%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Dugoutbx 2 LLC Bronx, NYEconomic assitance$180,000
Key Food 881 Stadium Food Corp Bronx, NYEconomic assistance$58,608
16 FFI LLC Bronx, NYEconomic assistance$33,312
Danice Stores Inc Bronx, NYEconomic assistance$27,790
South Bronx United Inc Bronx, NYEconomic assistance$24,236
FPJ Amusements & Entertainment Services Bronx, NYCommunity event$11,484
Fix It With Piggy Bronx, NYEconomic assistance$10,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$2M$4M$6M2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$26,457,812$26,267,663$26,832,621
Revenue$3,495,333$2,816,534$1,719,593
Expenses$3,653,773$3,836,460$2,193,454
Net Investment Income$826,658$796,714$253,408

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2019 (received by the IRS February 3, 2020)
  2. Updated Form 990 for fiscal year 2022 (received by the IRS March 14, 2023)
  3. Updated Form 990 for fiscal year 2020 (received by the IRS November 20, 2020)
  4. Updated Form 990 for fiscal year 2021 (received by the IRS January 12, 2022)
  5. Updated Form 990 for fiscal year 2023 (received by the IRS February 5, 2024)
  6. Updated Form 990 for fiscal year 2024 (received by the IRS May 12, 2025)
  7. Updated Form 990 for fiscal year 2025 (received by the IRS April 10, 2026)

Leadership & Key People

Officers and directors from IRS filings

Bronx Overall Economic Development Corporation is led by Robert Walsh, President on every filing since 2023; 3 of 18 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • Robert Walsh

    President

    On filings since 2023

    40 hrs/week

    $41K (2023) → $230K (2025)

  • Clarence Stanley Jr.

    Chairman

    Treasurer → Interim Chair of the Board, 2023

    Interim Chair of the Board → Chairman, 2024

    On filings since 2019

    1 hr/week

    No compensation reported

  • Rafael Roger

    Board Member

    Interim President - → Vice President, 2023

    Vice President → Board Member, 2025

    On filings since 2022

    1 hr/week

    $2K (2022) → $20K (2025)

  • Angely Orbe

    Chief Financial Officer

    On filings since 2024

    40 hrs/week

    $47K (2024) → $130K (2025)

  • Kathy Zamechansky

    Vice Chair

    On filings since 2019

    1 hr/week

    No compensation reported

  • Julio E Reyes Jr.

    Board Member

    On filings since 2023

    1 hr/week

    No compensation reported

  • Lourdes Zapata

    Board Member

    On filings since 2023

    1 hr/week

    No compensation reported

  • Nallely De Jess

    Board Member

    On filings since 2023

    1 hr/week

    No compensation reported

  • Phillip Grant

    Board Member

    On filings since 2023

    1 hr/week

    No compensation reported

  • Winston Peters

    Board Member

    On filings since 2023

    1 hr/week

    No compensation reported

  • Yesenia Quinones

    Board Member

    On filings since 2023

    1 hr/week

    No compensation reported

  • Brian Smith

    Board Member

    On filings since 2024

    1 hr/week

    No compensation reported

  • Dan Herdoon

    Secretary

    Board Member → Secretary, 2025

    On filings since 2024

    1 hr/week

    No compensation reported

  • Eddy Bayardelle PhD

    Board Member

    On filings since 2024

    1 hr/week

    No compensation reported

  • Kevin Kim

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Patricia Simone

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Susan L Parish

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Vanessa L Gibson

    Board Member

    New on the 2025 filing

    1 hr/week

    No compensation reported

Former officers (10)
  • Former: Benjamin Arana (2019–2024) — Secretary
  • Former: Duncan Still (2019–2024) — Chief Financial Officer
  • Former: Sulma V. Arzu - Brown (2024) — Executive Director
  • Former: Young Woo (2024) — Board Member
  • Former: Jose Perez (2019–2023) — Board Member
  • Former: Marlene Cintron (2019–2022) — President -
  • Former: Stephen B Kaufman (2019–2022) — Chairman
  • Former: Robert Medlock (2022) — Board Member
  • Former: Michael L Schwartz (2019–2021) — Board Member
  • Former: Sabah Rajput (2019–2021) — Board Member

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Robert Walsh — President: $230KRobert WalshPresident$230KAngely Orbe — Chief Financial Officer: $130KAngely OrbeChief Financial Officer$130KRafael Roger — Board Member: $20KRafael RogerBoard Member$20K

The highest reported compensation on the 2025 filing was $230K, to Robert Walsh (President). 3 officers or directors reported compensation on that filing.

Frequently asked questions about Bronx Overall Economic Development Corporation

How much does Bronx Overall Economic Development Corporation give each year?

Bronx Overall Economic Development Corporation gave $345K across 7 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $1.1M across 3 grants.

What is Bronx Overall Economic Development Corporation's typical grant size?

Bronx Overall Economic Development Corporation's median grant in 2025 was $27,790, and its average grant was $49,347, across 7 grants on its 2025 IRS Form 990.

Where does Bronx Overall Economic Development Corporation give grants?

Bronx Overall Economic Development Corporation gives mostly in New York: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Bronx, NY (7 grants).

Does Bronx Overall Economic Development Corporation give general operating support?

Not in 2025: none of the 7 grants with a stated purpose on Bronx Overall Economic Development Corporation's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Economic assistance" (5 grants).

Who are Bronx Overall Economic Development Corporation's largest grantees?

Bronx Overall Economic Development Corporation's largest 2025 grantees include Dugoutbx 2 LLC ($180,000), Key Food 881 Stadium Food Corp ($58,608) and 16 FFI LLC ($33,312), according to its 2025 IRS Form 990. Together they received 79% of its itemized 2025 grant dollars.

How large is Bronx Overall Economic Development Corporation?

Bronx Overall Economic Development Corporation reported $26.5M in total assets on its 2025 IRS Form 990. Its revenue that year was $3.5M.

What is Bronx Overall Economic Development Corporation?

Bronx Overall Economic Development Corporation is a public charity focused on Environment, based in Bronx, NY. It holds $26.5M in total assets as of 2025.

What is Bronx Overall Economic Development Corporation's EIN?

Bronx Overall Economic Development Corporation's EIN (Employer Identification Number) is 13-3079387. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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