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Sobro Development Corporation

Public charity
DBA: % KAREN MCGUINNESS
Community Development · BRONX, NY · EIN 13-3157572

About

The organization's primary function is to address south bronx's need for development of local businesses. The organization OWNS and leases properties in the south bronx that are rented to local businesses.

In care of Karen Mcguinness

Donations are tax-deductible
Category
Community Development
Employees
0
Volunteers
17

Financial Snapshot

FY ending 2022-03-31
Revenue
$965K
Expenses
$2.1M
Assets
$9.9M
Liabilities
$13.1M

Financial history

$2.1M$1.0M$0
16171819202122
RevenueExpenses
Latest FY2022: $965K · Peak FY2017: $1.3M · Avg: $1.1M
SOBRO DEVELOPMENT CORPORATION
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Address

555 Bergen Avenue 3RD Floor
Bronx, NY, 10455-136

Governance

Voting board members17
Independent members17
Conflict-of-interest policyNo
Whistleblower policyNo
Doc-retention policyNo
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Initial contract exceptionNo
Public records
ProPublica Nonprofit Explorer ↗
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