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Boriken Local Development Corporation

  • New York, NY
  • Tax-exempt since July 2014
  • EIN: 46-3167787

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

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 N.E.C. (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2022 tax filing, this nonprofit:

Reported a significant diversion of assets
Organizations must report any significant unauthorized use of assets upon discovery. A diversion of assets is significant if it exceeds 5% of the organization's gross receipts or assets or $250,000, whichever is lower. Details must be reported on Schedule O.

Summary charts: organization finances over time

Revenue
$379k (2022)

Expenses
$331k (2022)

Total Assets
$0 (2022)

Total Liabilities
$0 (2022)

Source: Form 990 tax filings from 2014 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 June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$378,550
Expenses
$331,427
Net Income
$47,123
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $378,550
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 $0
Total Liabilities $0
Net Assets $0
Other
Reported a significant diversion of assets
Compensation
Key Employees and Officers Compensation Related Other
Arturo Perez (Chief Executive Officer) $306,423 $3,716 $0
Ahmed Abedo (Chief Financial Officer) $193,979 $6,943 $0
Elizabeth Perez (General Counsel) $165,821 $0 $0
Erika Donovan Estades (Coo General Counsel) $125,262 $3,454 $0
Maritza Santa (Director) $0 $0 $0
Jacqueline Aleman (Chairperson) $0 $0 $0
Rosa Medina (Secretary) $0 $0 $0
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Document Links

990
Filed on May 12, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$648,953
Expenses
$649,280
Net Income
-$327
Net Assets
$3,104,952
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $648,948
100.0%
Investment Income $5
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 $22,229,426
Total Liabilities $19,124,474
Net Assets $3,104,952
Compensation
Key Employees and Officers Compensation Related Other
Arturo Perez (Chief Executive Officer) $279,769 $3,770 $0
Erika Donovan Estades (Coo General Counsel) $225,688 $10,860 $0
Ahmed Abedo (Chief Financial Officer) $183,767 $10,860 $0
Elizabeth Perez (General Counsel) $169,254 $0 $0
Maritza Santa (Director) $0 $0 $0
Jacqueline Aleman (Chairperson) $0 $0 $0
Rosa Medina (Secretary) $0 $0 $0
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Document Links

990
Filed on May 12, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$649,163
Expenses
$761,521
Net Income
-$112,358
Net Assets
$3,105,279
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $648,944
100.0%
Investment Income $219
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 $22,224,646
Total Liabilities $19,119,367
Net Assets $3,105,279
Compensation
Key Employees and Officers Compensation Related Other
Jaqueline Aleman (Chairperson) $0 $0 $0
Maritza Santa (Director) $0 $0 $0
Rosa Medina (Secretary) $0 $0 $0
Ahmed Abedo (Chief Financial Officer) $0 $14,377 $0
Arturo Perez (Chief Executive Officer) $0 $264,302 $20,344
Erika Donovan Estades (Coo/General Counsel) $0 $211,372 $42,183
Elizabeth Perez (General Counsel) $0 $72,981 $0
Elizabeth Sanchez (Ceo (Left 01/2019)) $0 $1,320,373 $2,398
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Document Links

990
Filed on May 7, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$649,502
Expenses
$760,774
Net Income
-$111,272
Net Assets
$3,217,637
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $648,944
99.9%
Investment Income $558
0.1%
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 $22,320,307
Total Liabilities $19,102,670
Net Assets $3,217,637
Compensation
Key Employees and Officers Compensation Related Other
Arturo Perez (Chief Executive Officer) $0 $157,622 $14,032
Elizabeth Sanchez (Chief Executive Officer (Outgoing)) $0 $413,430 $28,110
Erika Donovan Estades (Coo/General Counsel) $0 $199,990 $39,960
Maritza Santa (Director) $0 $0 $0
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Document Links

990
Filed on June 5, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$649,184
Expenses
$760,745
Net Income
-$111,561
Net Assets
$3,328,909
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $648,944
100.0%
Investment Income $240
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 $22,908,539
Total Liabilities $19,579,630
Net Assets $3,328,909
Compensation
Key Employees and Officers Compensation Related Other
Elizabeth Sanchez (Ceo) $0 $381,743 $25,776
Arturo Perez (Cfo) $0 $150,260 $12,954
Erika Donovan Estades (Coo/General Counsel) $0 $207,092 $36,648
Raymond Ferreira (Chair Person) $0 $0 $0
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Document Links

990
Filed on May 15, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$649,131
Expenses
$760,803
Net Income
-$111,672
Net Assets
$3,440,470
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $648,944
100.0%
Investment Income $187
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 $23,020,100
Total Liabilities $19,579,630
Net Assets $3,440,470
Compensation
Key Employees and Officers Compensation Related Other
Elizabeth Sanchez (Ceo) $0 $396,370 $41,830
Erika Estades (Director) $0 $198,156 $39,426
Arturo Perez (Director) $0 $148,437 $16,624
Raymond Ferreira (Director) $0 $0 $0
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Document Links

990
Filed on Dec. 1, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$649,173
Expenses
$760,763
Net Income
-$111,590
Net Assets
$3,552,142
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $648,944
100.0%
Investment Income $229
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 $23,142,698
Total Liabilities $19,590,556
Net Assets $3,552,142
Compensation
Key Employees and Officers Compensation Related Other
Elizabeth Sanchez (Ceo) $0 $372,868 $47,235
Erika Estades (Director) $0 $197,202 $36,282
Arturo Perez (Director) $0 $135,076 $15,695

Document Links

990
Filed on April 27, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$649,319
Expenses
$753,679
Net Income
-$104,360
Net Assets
$3,663,732
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $648,944
99.9%
Investment Income $375
0.1%
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 $23,250,186
Total Liabilities $19,586,454
Net Assets $3,663,732
Compensation
Key Employees and Officers Compensation Related Other
Elizabeth Sanchez (Ceo) $0 $345,614 $19,008
Raymond Ferreira (Director) $0 $0 $0
Erika Estades (Director) $0 $178,364 $27,022
Arturo Perez (Director) $0 $120,894 $9,437
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Document Links

990
Filed on April 28, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,879,355
Expenses
$111,263
Net Income
$3,768,092
Net Assets
$3,768,092
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,445,164
88.8%
Program Services $432,629
11.2%
Investment Income $1,562
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 $23,648,915
Total Liabilities $19,880,823
Net Assets $3,768,092
Compensation
Key Employees and Officers Compensation Related Other
Elizabeth Sanchez (Chief Executive Officer) $0 $344,550 $17,997
Raymond Ferreira (Director) $0 $0 $0
Erika Estades (Director) $0 $178,917 $24,330
Arturo Perez (Director) $0 $122,405 $8,342
+ View more people

Document Links

990
Filed on May 14, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

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.

Which Organizations Are Here?

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 »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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