Business Resource & Investment Service Center Inc

Organization Overview

Business Resource & Investment Service Center Inc is located in New York, NY. The organization was established in 1997. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Business Resource & Investment Service Center 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 06/2021, Business Resource & Investment Service Center Inc generated $593.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $232.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 6 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

PROVIDES FINANCIAL ASSISTANCE TO ELIGIBLE BUSINESSES IN UPPER MANHATTAN.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE ELIGIBLE BUSINESSES LOCATED IN THE UPPER MANHATTAN EMPOWERMENT ZONE WITH FINANCIAL ASSISTANCE IN THE FORM OF LOANS AND BUSINESS ADVISORY SERVICES.


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Board, Officers & Key Employees

Name (title)Compensation
Blair M Duncan
Executive Director
$0
Harriet Michel
Secretary
$0
Linda Scott
Chair
$0
Blair Smith
Cio (outgoing)
$0
Gaffar Mohamed
CFO
$0
Chelsea Strickland
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$433,191
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$433,191
Total Program Service Revenue$127,592
Investment income $12,299
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 $593,082

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Business Resource & Investment Service Center Inc has recieved totaling $453,191.

Awarding OrganizationAmount
$433,191
Ponce De Leon Foundation

Bronx, NY

PURPOSE: BUSINESS RESOURCE INVESTMENT SERVICES CENTER

$20,000
View Grant Recipient Profile

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