Brooklyn Alliance Capital Inc
Brooklyn Alliance Capital Inc is a public charity based in Brooklyn, New York. It provides financing to underserved minority and immigrant entrepreneurs and low-income small-business owners, with the stated aim of increasing financial stability and fostering economic growth and job creation in Brooklyn.
Key facts about Brooklyn Alliance Capital Inc
- EIN
- 81-5483293
- Latest 990 filing
- Form 990, 2024
- Total assets
- $1,982,762
Data from IRS Form 990, 2024; updated October 2026.
Financial Overview
From 2024 IRS Form 990 · View filing
Total Assets
$2.0M
+30.8% YoY
Revenue
$233K
-43.5% YoY
Net Investment Income
$6K
+1276.8% YoY
Expenses
$267K
+20.8% YoY
Mission & Focus Areas
The organization’s stated mission is to provide loans to small businesses, specifically those owned by immigrants and minorities. Its financing serves small and medium-size businesses, including underserved minority and immigrant entrepreneurs, low-income small-business owners, and BIPOC-owned businesses in Brooklyn.
A 2023 filing reports a grant to Arts Gowanus Inc. The grantee describes its own mission as supporting, promoting, and advocating for local artists and a sustainable arts community in Brooklyn.
Grantmaking
The 2024 filing reports no grants. In 2023, the organization gave $25,000 across 10 grants, an average of $2,500 per grant. One reported recipient was Arts Gowanus Inc., which received $2,500. The 2022 filing also reports no grants.
The organization’s website describes past pandemic-era support that included PPE grants and a Bring Back Brooklyn no-interest loan program. Its current listed financing programs are loans, not grants: micro-loans of $500 to $25,000 and EXCELerate Loan Fund 2.0 loans of up to $50,000, with interest rates of 2% to 5%. The latter targets established BIPOC-owned Brooklyn businesses seeking growth capital.
Open Grants
3 open opportunities from Brooklyn Alliance Capital Inc
Brooklyn Alliance Capital, Inc. - Micro-Loans
Brooklyn Alliance Capital Inc
Amount
$500 - $25,000
Deadline
Rolling (quarterly review)
EXCELerate Loan Fund 2.0
Brooklyn Alliance Capital Inc
Amount
Up to $50,000
Deadline
Rolling (quarterly review)
Work Readiness Training (WRT) Program
Brooklyn Alliance Capital Inc
Amount
Varies
Deadline
Deadline not published
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Geographic Focus
Where this funder awards grants
The organization’s financing programs serve businesses in Brooklyn, New York. The EXCELerate Loan Fund 2.0 specifically targets BIPOC-owned businesses in Brooklyn. Its reported 2023 grant to Arts Gowanus Inc. also went to a Brooklyn organization.
Grant Distribution by State
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2023, annual grant giving ranged from $25K (2023) to $28K (2021). In 2023 it made 10 grants totaling $25K.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 11 grants of 11 (100%).
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $1,982,762 | $232,572 | $266,831 | 0 |
| 2023 | $1,515,388 | $411,848 | $220,900 | $25,000 across 10 grants |
| 2022 | $1,409,377 | $436,355 | $200,222 | 0 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,982,762 | $1,515,388 | $1,409,377 |
| Revenue | $232,572 | $411,848 | $436,355 |
| Expenses | $266,831 | $220,900 | $200,222 |
| Net Investment Income | $5,769 | $419 | $1,872 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS October 6, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 5, 2024)
- IRS filings on file for fiscal years 2021–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Randolph Peers as president and CEO; Ana Oliveira as chairman; Gil Cygler as vice chair; Pasquale Patrone as treasurer; and Kendall Christiansen as secretary. It lists Susan Doban, Andrew Walcott, Christopher Murtha, Joseph Pellegrino, and Kenny Guan as trustees.
Brooklyn Alliance Capital Inc is led by Randolph Peers, President & CEO on every filing since 2021; none of the 19 officers listed in 2024 report compensation.
Officers on the 2024 filing
Randolph Peers
President & CEO
On filings since 2021
1 hr/week
No compensation reported
Ana Oliveira
Chairman
On filings since 2021
1 hr/week
No compensation reported
Andrew Walcott
Trustee
On filings since 2021
1 hr/week
No compensation reported
Christopher Murtha
Trustee
On filings since 2021
1 hr/week
No compensation reported
Joseph Pellegrino
Trustee
On filings since 2021
1 hr/week
No compensation reported
Kenny Guan
Trustee
On filings since 2021
1 hr/week
No compensation reported
Susan Doban
Trustee
Secretary → Trustee, 2024
On filings since 2021
1 hr/week
No compensation reported
Vincent Chirico
Trustee
On filings since 2021
1 hr/week
No compensation reported
Robert Cornegy
Trustee
On filings since 2022
1 hr/week
No compensation reported
Nicole Henderson
Trustee
On filings since 2023
1 hr/week
No compensation reported
Blondell Pinnock
Trustee
New on the 2024 filing
1 hr/week
No compensation reported
Gregory Anderson
Trustee
New on the 2024 filing
1 hr/week
No compensation reported
Joy Sweet
Trustee
New on the 2024 filing
1 hr/week
No compensation reported
Kenneth Mbonu
Trustee
New on the 2024 filing
1 hr/week
No compensation reported
Penda Aiken
Trustee
New on the 2024 filing
1 hr/week
No compensation reported
Tyquana Henderson
Trustee
New on the 2024 filing
1 hr/week
No compensation reported
Pasquale Patrone
Treasurer
On filings since 2021
1 hr/week
No compensation reported
Gil Cygler
Vice Chair
Trustee → Vice Chair, 2024
On filings since 2022
1 hr/week
No compensation reported
Kendall Christiansen
Secretary
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (6)
- Former: David Bagatelle (2021–2023) — Trustee
- Former: Kevin O'Connor (2021–2023) — Trustee
- Former: Niles Stewart (2023) — Trustee
- Former: Bryon Doxford (2021–2022) — Trustee
- Former: Thomas Keane (2021–2022) — Trustee
- Former: Eugene Shvartsman (2022) — Trustee
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: 253 36Th Street Mailbox Unit 17, Brooklyn, NY 11232
Phone: (718) 875-1000
Frequently asked questions about Brooklyn Alliance Capital Inc
How large is Brooklyn Alliance Capital Inc?
Brooklyn Alliance Capital Inc reported $2.0M in total assets on its 2024 IRS Form 990. Its revenue that year was $233K.
What does Brooklyn Alliance Capital Inc fund?
The organization’s stated mission is to provide loans to small businesses, specifically those owned by immigrants and minorities. See mission & focus areas ↑
How do I apply for a grant from Brooklyn Alliance Capital Inc?
Brooklyn Alliance Capital Inc has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
Where does Brooklyn Alliance Capital Inc make grants?
The organization’s financing programs serve businesses in Brooklyn, New York. The EXCELerate Loan Fund 2.0 specifically targets BIPOC-owned businesses in Brooklyn. Its reported 2023 grant to Arts Gowanus Inc. also went to a Brooklyn organization.
What is Brooklyn Alliance Capital Inc's EIN?
Brooklyn Alliance Capital Inc's EIN (Employer Identification Number) is 81-5483293. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
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