Harlem Business Alliance Inc

Organization Overview

Harlem Business Alliance Inc is located in New York, NY. The organization was established in 1992. 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 12/2021, Harlem Business Alliance Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harlem Business Alliance Inc 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 12/2021, Harlem Business Alliance Inc generated $455.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $441.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO FACILITATE THE CREATION, SUSTAINABILITY AND GROWTH OF LOCAL BUSINESSES WITH A PARTICULAR EMPHASIS ON BLACK OWNED BUSINESSES BY PROVIDING INTENSIVE, CULTURALLY COMPETENT AND SENSITIVE TECHNICAL ASSISTANCE AND CUTTING EDGE WORKSHOPS TO OUR CLIENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TDX/MTA SMALL BUSINESS DEVELOPMENT PROGRAM: HBA IS WORKING WITH TDX CONSTRUCTION TO ASSIST CONTRACTORS IN GAINING THE KNOWLEDGE AND TOOLS TO SUCCESSFULLY COMPETE ON MTA AND OTHER PUBLIC/PRIVATE SECTOR CONTRACTS. SPECIFICALLY, HBA ASSESSES CONTRACTORS CAPACITY, DEVELOPS ACTION PLANS AND CONDUCTS COMPREHENSIVE WEBSITE REVIEWS WITH RECOMMENDATIONS FOR IMPROVEMENT OR REPLACEMENT.


FINANCIAL LITERACY - NYC DEPARTMENT OF SMALL BUSINESS SERVICES: HBAS ONE-ON-ONE TECHNICAL ASSISTANCE BUILDS ON ITS WORKSHOPS AND INCLUDES, BUT IS NOT LIMITED TO, HELPING ENTREPRENEURS WITH STRATEGIC AND FINANCIAL PLANNING, UTILIZING TECHNOLOGY, BRANDING AND SOCIAL MEDIA. HBA PRESENTED/CO-HOSTED 66 VIRTUAL WORKSHOPS, AND SPENT 292 HOURS ON 70 CLIENTS (AN AVERAGE OF 4.2 HRS PER CLIENT).THE MANDATORY CLOSURE DUE TO COVID-19 REQUIRED HBA TO OPERATE REMOTELY. HBA EFFECTIVELY PIVOTED TO REMOTE INTERACTIONS USING ZOOM, GOTOMEETING AND WEBEX TO VIRTUALLY CONNECT WITH CLIENTS, AND SHARE INFORMATION ABOUT THE FEDERAL PAYROLL PROTECTION PROGRAM, ECONOMIC INJURY DISASTER PROGRAM AND NYC & NYS RESOURCES. INDIVIDUAL CONSULTATIONS WERE CONDUCTED, OFTENTIMES 7 DAYS A WEEK, AND A GREAT DEAL OF TIME WAS SPENT BLASTING INFORMATIONAL EMAILS FROM CITY/STATE/FEDERAL AGENCIES, NON-PROFIT ORGANIZATIONS AND FOUNDATIONS TO HBAS ENTREPRENEURS.


MWBE LEADERSHIP ASSOCIATION - NYC DEPARTMENT OF SMALL BUSINESS SERVICES: HBA PROVIDES MINORITY AND WOMEN BUSINESS OWNERS WITH OUTSTANDING SUPPORT SERVICES IN OBTAINING CITY, STATE AND FEDERAL M/WBE CERTIFICATIONS AND LICENSES; AND WORKS WITH CITY AND STATE AGENCIES TO EXPAND THEIR ACCESS TO PROCUREMENT OPPORTUNITIES. HBA CERTIFIED 16 FIRMS, RECERTIFIED 2 MORE, HELD 4 VIRTUAL WORKSHOPS AND 127 ONE-ON-ONE CONSULTATION SESSIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Regina Smith
Executive Director
$67,750
George H Weldon Jr
2nd Vice Chair Nominating Com
$0
Mark A Samuel
Treasurer
$0
Walter Edwards
Chairman
$0
Adrianne C Smith
Secretary
$0
Larry Dais
1st Vice Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$2,600
Fundraising events$0
Related organizations$0
Government grants $205,075
All other contributions, gifts, grants, and similar amounts not included above$245,262
Noncash contributions included in lines 1a–1f $36,000
Total Revenue from Contributions, Gifts, Grants & Similar$452,937
Total Program Service Revenue$1,922
Investment income $476
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 $455,335

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Harlem Business Alliance Inc has recieved totaling $5.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$5
View Grant Recipient Profile

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