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 focused on Environment, 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.
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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
Among its reported 2024 grants, the largest include Research Foundation Of The City University Of NY ($1,000,000), Gomez Design Studio LLC ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Research Foundation Of The City University Of NY NEW YORK, NY | To invest in campus and community environmental sustainability. | $1,000,000 |
| Gomez Design Studio LLC Bronx, NY | To support a growing small business that was not qualified for our loan project. | $10,000 |
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 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Bronx Overall Economic Development?
Bronx Overall Economic Development is a nonprofit organization focused on Environment, based in BRONX, NY. It holds $26.3M in total assets as of 2024.
How large is Bronx Overall Economic Development?
As of 2024, Bronx Overall Economic Development holds $26.3M in total assets with $2.8M in annual revenue. It awarded 2 grants totaling $1.0M in 2024.
Where does Bronx Overall Economic Development operate?
Bronx Overall Economic Development has awarded grants in New York, Pr.
What size grants does Bronx Overall Economic Development award?
In 2024, Bronx Overall Economic Development awarded 2 grants totaling $1.0M — an average of about $505K per grant, based on its IRS Form 990 filings.
What is Bronx Overall Economic Development's EIN?
Bronx Overall Economic Development's EIN (Employer Identification Number) is 13-3079387. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Bronx Overall Economic Development's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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