Sobro Development Corporation
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.
Sobro Development Corporation at a glance
- Total assets
- $10,329,312
- Revenue (2025)
- $59,916
- Expenses (2025)
- $338,031
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Sobro Development Corporation funds
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2018 it made 1 grant totaling $321K.
*2023: Covers 15 months (fiscal year-end changed).
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $10,329,312 | $59,916 | $338,031 | — | — | — |
| 2023* | $10,319,467 | $1,239,136 | $2,104,071 | — | — | — |
| 2022 | $9,864,971 | $965,131 | $2,056,039 | — | — | — |
| 2021 | $9,571,825 | $888,658 | $1,310,399 | — | — | — |
| 2020 | $9,294,912 | $910,859 | $530,502 | — | — | — |
| 2019 | $8,140,479 | $2,178,909 | $1,376,117 | — | — | $455,467 |
| 2018 | $8,727,768 | $1,134,937 | $1,445,101 | $320,660 | 1 | $32 |
*2023: Covers 15 months (fiscal year-end changed).
About Sobro Development Corporation
Based on IRS filings
Sobro Development Corporation is a public charity focused on Community Improvement & Capacity Building, based in Bronx, NY. IRS filing data is available from 2018 through 2025. As of 2025, the organization holds $10.3M in total assets.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Sobro Development Corporation is led by Jason Garcia, Executive Director on the 2025 filing; none of the 6 officers listed in 2025 report compensation.
Officers on the 2025 filing
Jason Garcia
Executive Director
New on the 2025 filing
3 hrs/week
No compensation reported
Mark Willis
Board Chair
Board Member → Treasurer, 2023
Treasurer → Board Chair, 2025
On filings since 2021
1 hr/week
No compensation reported
Anthony M. Riccio Jr.
Secretary & Treasurer
Secretary → Secretary & Treasurer, 2025
On filings since 2019
1 hr/week
No compensation reported
Jennifer Rivera
Board Member
On filings since 2021
1 hr/week
No compensation reported
William Bill Bollinger
Board Member
On filings since 2021
1 hr/week
No compensation reported
Aubrey Hurse
Board Member
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (28)
- Former: Arline Parks (2018–2023) — Vice Chair
- Former: Karen McGuinness (2018–2023) — Vice Chair
- Former: Mark L. Castle (2018–2023) — Board Chair
- Former: Lourdes Zapata (2020–2023) — President & CEO
- Former: Conor McCarthy (2021–2023) — Board Member
- Former: Delilah Tyson (2021–2023) — CAO
- Former: Hugh Grant (2021–2023) — Board Member
- Former: Patricia Nia Rock (2021–2023) — Board Member
- Former: Prisca Salazar-Rodriguez (2021–2023) — Board Member
- Former: Mayra Linares-Garcia (2022–2023) — Board Member
- Former: Plinio Ayala (2022–2023) — Board Member
- Former: Lauren George (2023) — Board Member
- Former: Robin Finney-Granston (2023) — CFO
- Former: Tiffani Hinds (2023) — Board Member
- Former: Jean Smith (2018–2022) — Vice Chair
- Former: Cheryl McKissack (2021–2022) — Board Member
- Former: Simon Bergson (2021–2022) — Board Member
- Former: Tiffani Blake (2021–2022) — Board Member
- Former: Tonia Elvin (2021–2022) — CFO
- Former: 6 Plinio Ayala (2021) — Board Member
- Former: Laurel Brown (2021) — Board Member
- Former: Phillip Banks Jr III (2021) — Board Member
- Former: Steven Brown (2018–2020) — President & CEO
- Former: Lesia Bates (2019–2020) — Interim CFO
- Former: Christie Alcid (2018) — CFO
- Former: Johanna Dejesus (2018) — Secretary
- Former: Nathaniel Montgomery (2018) — Vice President
- Former: Phillip Morrow (2018) — President
Data from IRS Form 990 filings, 2018–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Sobro Development Corporation
How large is Sobro Development Corporation?
Sobro Development Corporation reported $10.3M in total assets on its 2025 IRS Form 990. Its revenue that year was $60K.
What is Sobro Development Corporation?
Sobro Development Corporation is a public charity focused on Community Improvement & Capacity Building, based in Bronx, NY. It holds $10.3M in total assets as of 2025.
Where does Sobro Development Corporation operate?
Sobro Development Corporation has awarded grants in New York.
What is Sobro Development Corporation's EIN?
Sobro Development Corporation's EIN (Employer Identification Number) is 13-3157572. IRS Form 990 filing data is available on this page for 2018–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2018 (received by the IRS January 27, 2020)
- Updated Form 990 for fiscal year 2023 (received by the IRS June 20, 2026)
- Added Form 990 for fiscal year 2019 (received by the IRS July 28, 2021)
- Added Form 990 for fiscal year 2025 (received by the IRS June 19, 2026)
Live grants for the work Sobro Development Corporation funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
- Leveling-Up Award $1,000 · Due October 25, 2026
- Arnold F. Keller, Jr. Grant for New Initiatives/Program Expansion $25,000 · Due October 27, 2026
- Wausau Marathon County Impact Grants (Community Foundation of North Central Wisconsin) $1,000 to $100,000 depending on the scope of the project · Due October 27, 2026
Explore Open Grants
Browse active grant opportunities in Sobro Development Corporation's focus areas in our free grants database
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