Excelsior Business Development Corporation
Nonprofit profile at a glance
- EIN
- 822977051
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2020
- Location
- Brooklyn, NY, USA
- Phone
- 6469048745
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Small Business Development
Reported finances
- Revenue
- $9,653
- Expenses
- $23,737
- Assets
- $5,851
- Liabilities
- $122,540
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- EDGARD HERNANDEZ (President)
People named in this filing
- EDGARD HERNANDEZ (President)
- EUGENIA HERNANDEZ (DIR, SC'Y, TREA)
- THOMAS FARRELL (DIR, ASS'T SECR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Focused on taking on the responsibility of developing, training, financing access, advocacy, and provide technical assistance to the underserved - minorities, women, veterans, emerging businesses to become successful and leaders in their industry. By providing mentor support services, businesses can then strive in the public and private marketplace.
What it reported doing in 2024
Recovery ta program
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of total spending goes to programs and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 82
- Sustainability: 15
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.8%; rating input score 86
- Program expense ratio: 34.9%; rating input score 35
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -145.9%; rating input score 6; 6th percentile among comparable filings
- Total-asset coverage ratio: 0.25; rating input score 19; 19th percentile among comparable filings
- Liabilities to assets ratio: 20.94; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -45.2% per year; rating input score 0; 9th percentile among comparable filings
- Revenue growth: 14.5% per year; rating input score 100; 86th percentile among comparable filings
- Asset growth: -32.4% per year; rating input score 0; 6th percentile among comparable filings
Details
- Where the money goes: 85.8% of revenue deployed · 34.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $8K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Program expense ratio scored 35/100.
- High — Sustainability: Operating margin scored 6/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 19/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.