SOBRO DEVELOPMENT CORPORATION
BRONX,
New York,
10455
EIN: 13-3157572
Community Improvement, Capacity Building
DEMOGRAPHIC
ADDRESS
555 BERGEN AVENUE 3RD FLOOR
10455
COUNTY
bronx county, NY
IN CARE OF NAME
KAREN MCGUINNESS
ORGANIZATIONAL OVERVIEW & RANKINGS
SOBRO DEVELOPMENT CORPORATION is a based in BRONX, NY, focused on Community Improvement, Capacity Building causes . Established in June 1983, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $9,864,971.00, this ranks 59,081 among 2,656,690 nonprofits nationally (Top 3%), demonstrating exceptional financial capacity relative to its peers. At the state level, it stands at 5,836 out of 159,053 organizations in NY (Top 4%).
In bronx county, NY, the organization ranks 186 out of 5,297 nonprofits by assets (Top 4%), while locally in bronx, it stands at 185 among 5,203 organizations (Top 4%).
The organization reported annual revenue of $965,131.00, ranking 128,643 nationally (Top 5%) and 10,876 in NY (Top 7%).
Within its specific NTEE classification (S310 - S: Community Improvement, Capacity Building), which includes 90 similar organizations, SOBRO DEVELOPMENT CORPORATION ranks 24 in assets (Top 24%) and 38 in revenue (Top 38%).
The organization files a 990 (all other) or 990EZ return and operates on a May fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
Area development redevelopment of renewal
Attracting new industry or retaining industry in an area
NTEE COMMON CODE
S: Community Improvement, Capacity Building
NTEE CODE
N/A
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
03/2022
ACCOUNTING PERIOD
06
INCOME CODE
5: $500,000 to $999,999
INCOME AMOUNT
$965,131.00
FORM 990 REVENUE AMOUNT
$965,131.00
RULING DATE
06/1983
ASSET CODE
7: $5,000,000 to $9,999,999
ASSET AMOUNT
$9,864,971.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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