Brooklyn Alliance Capital Inc
- Assets
- $951.9k
- Revenue
- $509.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 03/2017
- Data as of
- 12/2021
- EIN
- 81-5483293
Organization Overview
Brooklyn Alliance Capital Inc is located in Brooklyn, NY. The organization was established in 2017. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brooklyn Alliance Capital Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BROOKLYN ALLIANCE CAPITAL, INC. IS A MICRO-LOAN INSTITUTION AND PROVIDES LOANS TO SMALL BUSINESSES (SPECIFICALLY IMMIGRANT AND MINORITY OWNED).
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BROOKLYN ALLIANCE CAPITAL, WITH FUNDING PROVIDED BY NEW YORK PRESBYTERIAN HOSPITAL, CREATED THE BRING BACK BROOKLYN FUND(BBBF). THE BBBF PROVIDED PPE EQUIPMENT, DEEP CLEANINGS FOR BUSINESSESS AS THEY WERE BEGINNING TO REOPEN AND FUNDS TO COVER BUILDOUT OF OUTDOOR SPACES. THE BBBF PROVIDED FUNDS TO COVER THE COST OF HEATERS AND VENTILATION SYSTEMS. THE BBBF PROGRAM ASSISTED ABOUT 250 SMALL BUSINESSES IN BROOKLYN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pasquale Patrone Treasurer | OfficerTrustee | 2 | $0 |
Randolph Peers President & CEO | OfficerTrustee | 0 | $0 |
Susan Doban Secretary | OfficerTrustee | 2 | $0 |
Ana Oliveira Chairman | OfficerTrustee | 2 | $0 |
Andrew Walcott Trustee | Officer | 0.5 | $0 |
Bryon Doxford Trustee | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $109,194 |
| All other contributions, gifts, grants, and similar amounts not included above | $400,553 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $509,747 |
| Total Program Service Revenue | $0 |
| Investment income | $177 |
| 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 | $509,924 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $83,207 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $61,362 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,088 |
| Payroll taxes | $5,161 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,064 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,619 |
| Advertising and promotion | $0 |
| Office expenses | $7,001 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $7,703 |
| All other expenses | $0 |
| Total functional expenses | $256,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,238 |
| Savings and temporary cash investments | $306,782 |
| Pledges and grants receivable | $30,187 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $416,307 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $188,408 |
| Total assets | $951,922 |
| Accounts payable and accrued expenses | $22,732 |
| 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 | $50,000 |
| Other liabilities | $402,472 |
| Total liabilities | $475,204 |
| Net assets without donor restrictions | $476,718 |
| Net assets with donor restrictions | $0 |
| 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 | $951,922 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Brooklyn Alliance Capital Inc has recieved totaling $40.
| Awarding Organization | Amount |
|---|---|
Assurant Foundation New York, NY PURPOSE: FINANCIAL ASSISTANCE | $40 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Accesslex Institute West Chester, PA | $2,183,370,969 | $71,548,007 |
Pheaa Student Loan Foundation Inc Harrisburg, PA | $2,204,662,034 | $55,394,256 |
Opportunity Finance Network Philadelphia, PA | $225,364,675 | $52,021,160 |
Anabaptist Financial Lewisburg, PA | $625,930,441 | $18,548,671 |
Tremont Credit Union Milton, MA | $244,401,139 | $9,907,662 |
One Credit Union Springfield, VT | $231,054,967 | $9,424,805 |
Connecticut Student Loan Foundtion Hartford, CT | $126,010,687 | $4,816,146 |
Friends Fiduciary Corporation Philadelphia, PA | $693,443,242 | $5,444,683 |
Provident Loan Society Of New York New York, NY | $16,413,058 | $4,285,682 |
The Diaper Bank Of Connecticut Inc North Haven, CT | $2,855,644 | $2,137,896 |
The Landmarks Financial Corporation Pittsburgh, PA | $163,255,408 | $14,945,748 |
Rent Reporter Inc New York, NY | $2,937,581 | $1,945,762 |