West Brighton Community Local Development Corporation
- Assets
- $438.1k
- Revenue
- $388.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Staten Island, NY
- Founding
- 12/1982
- Data as of
- 06/2024
- EIN
- 13-3046424
Organization Overview
West Brighton Community Local Development Corporation, operating under the name Staten Island Business Outreach, is located in Staten Island, NY. The organization was established in 1982. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2024, Staten Island Business Outreach employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Staten Island Business Outreach is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Staten Island Business Outreach generated $388.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $335.3k during the year ending 06/2024. While expenses have increased by 0.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE WEST BRIGHTON COMMUNITY LOCAL DEVELOPMENT CORPORATION DBA STATEN ISLAND BUSINESS OUTREACH CENTER (SIBOC) WAS ESTABLISHED AS A NOT-FOR-PROFIT CORPORATION THAT IS DEDICATED TO MAKING STATEN ISLAND, NEW YORK A BETTER PLACE TO LIVE AND SHOP. OUR PROGRAMS ARE DESIGNED TO ATTRACT NEW BUSINESSES AND ASSIST EXISTING BUSINESSES IN EXPANSION, RENOVATIONS, PROMOTIONS, AND INTERACTIONS WITH GOVERNMENT AGENCIES. SIBOC, THROUGH OUR SMALL BUSINESS DEVELOPMENT SERVICES, EMPOWERS UNDERSERVED AND LOW- AND MODERATE-INCOME (LMI) ENTREPRENEURS AND SMALL BUSINESS OWNERS, THROUGH A COMBINATION OF BUSINESS ASSISTANCE AND WORKFORCE DEVELOPMENT. VARIOUS SERVICES ARE AVAILABLE TO ASSIST BUSINESS OWNERS SUCH AS: ONE TO ONE BUSINESS COUNSELING, FINANCIAL LITERACY, LOAN APPLICATIONS ASSISTANCE AND SERVICES FROM GOVERNMENT, UNDERSTAND REGULATORY REQUIREMENTS AND HOW TO BECOME COMPLIANT; SEMINARS ON BUSINESS TOPICS AND TECHNOLOGY CLASSES. SIBOC PROVIDES MINORITY AND WOMEN BUSINESS OWNERS WITH OUTSTANDING SUPPORT
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS SERVICES AND TRAINING - SIBOC PROVIDES INDIVIDUAL COUNSELING, WORKSHOPS, AND SEMINARS TO NEW AND EMERGING ENTREPRENEURS SEEKING TO OPEN AND/OR GROW THEIR BUSINESS. BUSINESS DEVELOPMENT SERVICES PROVIDED TO UNDERSERVED ENTREPRENEURS IN THE BOROUGH OF STATEN ISLAND. ASSIST BUSINESS OWNERS WITH LOAN APPLICATIONS AND SERVICES FROM GOVERNMENT, UNDERSTAND REGULATORY REQUIREMENTS AND HOW TO BECOME COMPLIANT; HOLD SEMINARS ON BUISNESS TOPICS AND PROVIDE TECHNOLOGY CLASSES. SIBOC PROVIDES MINORITY AND WOMEN BUSINESS OWNERS WITH OUTSTANDING SUPPORT SERVICES IN OBTAINING CITY, STATE AND FEDERAL M/WBE CERTIFICATION AND LICENSES, AND WORK WITH CITY AND STATE AGENCIES TO EXPAND THEIR ACCESS TO PROCUREMENT OPPORTUNITIES.
SIBOC'S ENTREPRENEURSHIP ASSISTANCE CENTER (EAC) IS A FULL-SERVICE CENTER THAT SUPPORTS NEW YORK CITY AREA ENTREPRENEURS AND SMALL BUSINESS OWNERS THROUGH ITS HOLISTIC TRAINING AND COACHING. OUR EAC CENTER PROVIDES INSTRUCTION, TRAINING, AND ONE-ON-ONE COUNSELING IN VARIOUS LANGUAGES TO HELP ASPIRING ENTREPRENEURS, FIRST-TIME AND EXISTING BUSINESS OWNERS TO DEVELOP BUSINESS, PROBLEM-SOLVING AND MANAGEMENT SKILLS TO TURN THEIR BUSINESS CONCEPTS INTO REALITY AND MAKE THE RIGHT DECISIONS. THE EMPHASIS IS ON HELPING INDIVIDUALS DEVELOP SUCCESSFUL, RESILIENT, AND LASTING BUSINESSES.EACS OFFER A WIDE RANGE OF TECHNICAL ASSISTANCE SERVICES, INCLUDING: EVALUATING THE FEASIBILITY OF STARTING A NEW BUSINESS, REFINING A BUSINESS CONCEPT AND BUSINESS PLAN, BUSINESS REGISTRATION ASSISTANCE, SKILLS BUILDING IN THE APPLICATION OF BUSINESS MANAGEMENT PRINCIPLES AND PRACTICES, A 60-HOURS BUSINESS PLAN TRAINING COURSE, LEARN FINANCIAL MANAGEMENT SKILLS, DEVELOP AND EXECUTE MARKETING STRATEGIES, WEBSITE DEVELOPMENT AND THE DESIGN OF ECOMMERCE PLATFORMS, LEARN TO SELL PRODUCTS AND SERVICES ONLINE, COUNSELING AND GUIDANCE IN IDENTIFYING AND ACCESSING CAPITAL AND CREDIT SERVICES, ASSISTANCE WITH STATE PROCUREMENT PROGRAMS, CERTIFICATION ASSISTANCE TO NEW YORK STATE MINORITY/WOMEN-OWNED BUSINESS ENTERPRISES AND MENTORING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nina Flores Executive Di | Officer | 40 | $80,000 |
Enrico Bawar Director | Trustee | 1 | $0 |
Michael Bloomfield Treasurer | OfficerTrustee | 1 | $0 |
Eric Campione Director | Trustee | 1 | $0 |
Timothy Castanza Director | Trustee | 1 | $0 |
Breny Castro Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $279,570 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,055 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $313,625 |
| Total Program Service Revenue | $69,064 |
| Investment income | $1,276 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $388,047 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $85,000 |
| Compensation of current officers, directors, key employees. | $6,865 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $97,950 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,541 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $50,232 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,063 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,295 |
| Travel | $1,219 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,572 |
| Insurance | $5,002 |
| All other expenses | $3,168 |
| Total functional expenses | $335,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,167 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $294,346 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,028 |
| Net Land, buildings, and equipment | $12,062 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,449 |
| Total assets | $438,052 |
| Accounts payable and accrued expenses | $26,754 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $26,754 |
| Net assets without donor restrictions | $398,934 |
| Net assets with donor restrictions | $12,364 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $438,052 |