Mission
SoBro was founded in 1972 by a group of business executives and community leaders to reverse the flight of businesses and jobs from the South Bronx. Over the years, SoBro has evolved to address all aspects of community development: helping businesses grow, training residents for job needs, providing opportunities for youth, and creating affordable housing and commercial spaces.
Basic Information
Tax-Exempt
Founded in
1981
EIN
13-3790222
Total Assets
$79.17 thousand
UN Sustainable Development Goals Supported
This organization contributes to the following United Nations Sustainable Development Goals. See the SDG page for more information.
Showing 3 of 5 goals
At a Glance
Community Development Initiatives
SoBro is committed to making the South Bronx affordable and economically productive through various community development projects.
Business Services
Assists local entrepreneurs through a diverse menu of business services.
Education & Career Development
Provides educational programs, vocational training, and job placement services.
Impact Stats
20,000
Number of Students
Served Students
Since its inception, SoBro has served more than 20,000 students.
40,000
Number of Jobs
Jobs Created and Retained
SoBro helped to create and retain more than 40,000 jobs for area residents.
Hundreds of millions
Capital Investment
Capital Investment
SoBro has created the climate for hundreds of millions of dollars of capital investment into the South Bronx.
Past Events
Virtual Community Summit 2020/2021
July 15, 2021
A series of community panel discussions focusing on the future of supportive housing, youth development, and small businesses.
Socioeconomic Inequalities & Its Impacts On Our Youth
December 14, 2020
Discussion on the socioeconomic impacts on youth during the pandemic and strategies for advocacy.
Small Business: 2020 Challenges, 2021 Opportunities
November 16, 2020
Event discussing challenges small businesses faced in 2020 and opportunities for 2021.
Our Programs
Business Services
Offers a diverse range of services including MWBE/MBE certification and financing assistance.
Learn MoreEducation & Career Development
Provides educational services including vocational training, internships, and job placement.
Learn MoreCommunity Development
Engages in urban planning initiatives aimed at revitalizing community infrastructure.
Learn MoreImpact Reports
MIP Score (Beta)
The MIP Score is in beta! We'd love any feedback you may have.
The MIP Score and it's methodology is purely used as a way to visualize how a nonprofits public financial data compares against others. It doesn't reflect the unique circumstances and impact that a nonprofit has.The MIP Score should never be used to say one charity is better than another.
Overall Score
42
34
/100
Program Expense Ratio
93.45%
20
/20
Program Revenue Growth
-50.00%
2
/20
Leverage Ratio
0.7908
6
/20
Working Capital Ratio
0.2423
4
/20
Fundraising Efficiency
0
2
/20
Latest Filing Data: Form 990
Fiscal Year:2021
Source:Source: Self-reported by organization
Financial Details
Revenue
| Category | Amount | Percentage |
|---|---|---|
| Contributions, Gifts, and Grants | 0 | 0.00% |
| Program Services | 25K | 100.00% |
| Investment Income | 0 | 0.00% |
| Sales of Non-Inventory Assets | 0 | 0.00% |
| Other Notable Sources | 0 | 0.00% |
| Total Revenue | 25K | 100.00% |