Bronx Overall Economic 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$26.3M
-2.1% YoY
Annual Giving
$1.0M
+876.4% YoY
Grant Count
2
-33.3% YoY
Avg Grant Size
$505K
+1364.6% YoY
About Bronx Overall Economic Development
Based on IRS filings
Bronx Overall Economic Development is a nonprofit organization, based in BRONX, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $26.3M in total assets. In 2024, it awarded 2 grants totaling $1.0M. Net investment income was $797K.
Ready to take the next step with Bronx Overall Economic Development?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $26,267,663 | $26,832,621 | $26,821,106 |
| Revenue | $2,816,534 | $1,719,593 | $1,376,717 |
| Expenses | $3,836,460 | $2,193,454 | $1,748,198 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $796,714 | $253,408 | $39,898 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
15 grants across all recorded years
Open Grants
1 open opportunity from Bronx Overall Economic Development
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Robert Walsh | President | 40 | $215,692 |
| Duncan Still | CHIEF FINANCIAL OFFICER | 40 | $133,465 |
| SULMA V ARZU - BROWN | Executive Director | 40 | $104,923 |
| Angely Orbe | Chief Financial Officer | 40 | $47,000 |
| Rafael Roger | Vice President | 40 | $20,000 |
| Clarence Stanley Jr | Chairman | 1 | — |
| Kathy Zamechansky | Vice Chair | 1 | — |
| Benjamin Arana | Secretary | 1 | — |
| Julio E Reyes Jr | Board Member | 1 | — |
| Brian Smith | Board Member | 1 | — |
| Winston Peters | Board Member | 1 | — |
| Phillip Grant | Board Member | 1 | — |
| Nallely De Jess | Board Member | 1 | — |
| Lourdes Zapata | Board Member | 1 | — |
| Yesenia Quinones | Board Member | 1 | — |
| Eddy Bayardelle PhD | BOARD MEMBER | 1 | — |
| Dan Herdoon | BOARD MEMBER | 1 | — |
| Young Woo | BOARD MEMBER | 1 | — |
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Bronx Overall Economic Development on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities