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Sobro Development Corporation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Urban, Community Economic Development (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$965k (2022)

Expenses
$2.06M (2022)

Total Assets
$9.86M (2022)

Total Liabilities
$13.1M (2022)

Source: Form 990 tax filings from 2012 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending March
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$965,131
Expenses
$2,056,039
Net Income
-$1,090,908
Net Assets
-$3,250,748
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $965,131
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $9,864,971
Total Liabilities $13,115,719
Net Assets -$3,250,748
Compensation
Key Employees and Officers Compensation Related Other
Mark L Castle (Board Chair) $0 $0 $0
Jean Smith (Vice Chair) $0 $0 $0
Arline Parks (Vice Chair) $0 $0 $0
Karen Mcguinness (Treasurer) $0 $0 $0
Anthony M Riccio Jr (Secretary) $0 $0 $0
Simon Bergson (Board Member) $0 $0 $0
Mayra Linares Garcia (Board Member) $0 $0 $0
Hugh Grant (Board Member) $0 $0 $0
Mark Willis (Board Member) $0 $0 $0
Plinio Ayala (Board Member) $0 $0 $0
Tiffani Blake (Board Member) $0 $0 $0
William Bill Bollinger (Board Member) $0 $0 $0
Conor Mccarthy (Board Member) $0 $0 $0
Cheryl Mckissack (Board Member) $0 $0 $0
Jennifer Rivera (Board Member) $0 $0 $0
Patricia Nia Rock (Board Member) $0 $0 $0
Prisca Salazar Rodriguez (Board Member) $0 $0 $0
Lourdes Zapata (President & Ceo) $0 $225,219 $8,963
Tonia Elvin (Cfo) $0 $113,315 $8,381
Delilah Tyson (Cao) $0 $124,269 $42

Document Links

Fiscal Year Ending March
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$888,658
Expenses
$1,310,399
Net Income
-$421,741
Net Assets
-$2,159,840
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $881,139
99.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $7,519
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $9,571,825
Total Liabilities $11,731,665
Net Assets -$2,159,840
Compensation
Key Employees and Officers Compensation Related Other
Mark L Castle (Board Chair) $0 $0 $0
Jean Smith (Vice Chair) $0 $0 $0
Arline Parks (Vice Chair) $0 $0 $0
Karen Mcguinness (Treasurer) $0 $0 $0
Anthony M Riccio Jr (Secretary) $0 $0 $0
Simon Bergson (Board Member) $0 $0 $0
Phillip Banks Jr Iii (Board Member) $0 $0 $0
Hugh Grant (Board Member) $0 $0 $0
Mark Willis (Board Member) $0 $0 $0
6 Plinio Ayala (Board Member) $0 $0 $0
Tiffani Blake (Board Member) $0 $0 $0
William Bill Bollinger (Board Member) $0 $0 $0
Laurel Brown (Board Member) $0 $0 $0
Conor Mccarthy (Board Member) $0 $0 $0
Cheryl Mckissack (Board Member) $0 $0 $0
Jennifer Rivera (Board Member) $0 $0 $0
Patricia Nia Rock (Board Member) $0 $0 $0
Prisca Salazar Rodriguez (Board Member) $0 $0 $0
Lourdes Zapata (President & Ceo) $0 $225,219 $5,595
Tonia Elvin (Cfo) $0 $113,515 $31
Delilah Tyson (Cao) $0 $124,269 $31

Document Links

Fiscal Year Ending March
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$910,859
Expenses
$530,502
Net Income
$380,357
Net Assets
$91,133
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $653,082
71.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $257,777
28.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $9,294,912
Total Liabilities $9,203,779
Net Assets $91,133
Compensation
Key Employees and Officers Compensation Related Other
Steven Brown (President & Ceo (Through 7/19)) $0 $138,507 $31,676
Lourdes Zapata (President & Ceo) $0 $101,610 $23,328
Mark Castle (Chairman) $0 $0 $0
Karen Mc Guinness (Treasurer) $0 $0 $0
Anthony Riccio (Secretary) $0 $0 $0
Arline Parks (Director) $0 $0 $0
Jean Smith (Director) $0 $0 $0
Lesia Bates (Interim Cfo) $0 $0 $0

Document Links

Fiscal Year Ending March
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,178,909
Expenses
$1,376,117
Net Income
$802,792
Net Assets
$260,420
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,287,289
59.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $455,467
20.9%
Net Inventory Sales $0
Other Revenue $436,153
20.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $8,140,479
Total Liabilities $7,880,059
Net Assets $260,420
Compensation
Key Employees and Officers Compensation Related Other
Jean Smith (Chairperson) $0 $0 $0
Karen Mc Guinness (Treasurer) $0 $0 $0
Anthony Riccio (Secretary) $0 $0 $0
Mark Castle (Director) $0 $0 $0
Arline Parks (Director) $0 $0 $0
Steven Brown (President & Ceo) $0 $209,564 $16,176
Lesia Bates (Interim Cfo) $0 $0 $0

Document Links

Fiscal Year Ending March
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,134,937
Expenses
$1,445,101
Net Income
-$310,164
Net Assets
-$542,372
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,123,815
99.0%
Investment Income $32
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $11,090
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $47,690
3.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $8,727,768
Total Liabilities $9,270,140
Net Assets -$542,372
Compensation
Key Employees and Officers Compensation Related Other
Nathaniel Montgomery (Vice President (Former)) $19,651 $105,758 $0
Christie Alcid (Cfo (Former)) $14,209 $85,804 $0
Phillip Morrow (President (Former)) $10,183 $147,364 $0
Steven Brown (President) $3,647 $47,735 $0
Jean Smith (Chairperson) $0 $0 $0
Arline Parks (Director) $0 $0 $0
Mark Castle (Director) $0 $0 $0
Karen Mcguinness (Treasurer) $0 $0 $0
Johanna Dejesus (Secretary) $0 $102,400 $0

Document Links

Fiscal Year Ending March
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,271,271
Expenses
$1,126,686
Net Income
$144,585
Net Assets
$906,303
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,155,424
90.9%
Investment Income $32
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $115,815
9.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,991,901
Total Liabilities $2,085,598
Net Assets $906,303
Compensation
Key Employees and Officers Compensation Related Other
Ayca Ergeneman (Vice Chairman) $0 $0 $0
Jean Smith (Secretary) $0 $0 $0
Karen Mcguinness (Treasurer) $0 $0 $0
Phillip Morrow (President) $0 $240,000 $0
Nathaniel Montgomery (Vice President) $0 $0 $0
Christie Alcid (Former Cfo) $0 $122,917 $0

Document Links

Fiscal Year Ending March
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,112,812
Expenses
$1,011,747
Net Income
$101,065
Net Assets
$761,718
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,078,091
96.9%
Investment Income $905
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $33,816
3.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,961,232
Total Liabilities $2,199,514
Net Assets $761,718
Compensation
Key Employees and Officers Compensation Related Other
Ayca Ergeneman (Vice Chairman) $0 $91,187 $23,283
Jean Smith (Outgoing Board Member) $0 $0 $0
Nathaniel Montgomery (Secretary/Treasurer) $0 $91,196 $16,059
Phillip Morrow (President) $0 $237,074 $30,350
Christie Alcid (Cfo) $0 $107,064 $36,544

Document Links

Fiscal Year Ending March
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$767,963
Expenses
$727,234
Net Income
$40,729
Net Assets
$716,534
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $767,933
100.0%
Investment Income $30
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,253,287
Total Liabilities $536,753
Net Assets $716,534
Compensation
Key Employees and Officers Compensation Related Other
Ayca Ergeneman (Vice Chairman) $0 $82,669 $21,508
Gerard Weinbrecht (Outgoing Sec/Treas) $0 $72,594 $10,844
Jean Smith (Board Member) $0 $0 $0
Nathaniel Montgomery (Secretary/Treasurer) $0 $78,652 $13,570
Phillip Morrow (President) $0 $236,242 $41,536
Lourdes Zapata (Outgoing Board Member) $0 $0 $0
Christie Alcid (Cfo) $0 $104,939 $32,676

Document Links

Fiscal Year Ending March
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$671,663
Expenses
$599,682
Net Income
$71,981
Net Assets
$675,805
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $671,631
100.0%
Investment Income $32
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,149,183
Total Liabilities $473,378
Net Assets $675,805
Compensation
Key Employees and Officers Compensation Related Other
Gerard Weinbrecht (Secretary/Treasurer) $0 $105,563 $10,407
Jean Smith (Treasurer) $0 $0 $0
Lourdes Zapata (Senior Vice President) $0 $105,563 $16,707
Phillip Morrow (Chairman And President) $0 $235,348 $36,648
Christie Alcid (Cfo) $0 $105,318 $35,013

Document Links

Fiscal Year Ending March
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$697,939
Expenses
$653,069
Net Income
$44,870
Net Assets
$603,824
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $697,925
100.0%
Investment Income $14
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $950,335
Total Liabilities $346,511
Net Assets $603,824

Document Links

Fiscal Year Ending March
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$621,510
Expenses
$606,512
Net Income
$14,998
Net Assets
$184,454
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $621,510
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $634,219
Total Liabilities $449,765
Net Assets $184,454

Document Links

Fiscal Year Ending March
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending March
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending March
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending March
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending March
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending March
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending March
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending March
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending March
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending March
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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