West Brighton Community Local Development Corporation
Nonprofit profile at a glance
- EIN
- 133046424
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Staten Island, NY, USA
- Phone
- 7188164775
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $535,739
- Expenses
- $478,040
- Assets
- $494,597
- Liabilities
- $25,600
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- TERESA CIRELLI (PRESIDENT)
Highest reported compensation
- NINA FLORES (EXECUTIVE DI): $87,500 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The west brighton community local development corporation dba staten island business outreach center (siboc) was established as a not-for-profit corporation that is dedicated to making staten island, New York a better place to live and shop. Our programs are designed to attract new businesses and assist existing businesses in expansion, renovations, promotions, and interactions with government agencies. Siboc, through our small business development services, empowers underserved and low- and moderate-income (lmi) entrepreneurs and small business owners, through a combination of business assistance and workforce development. Various services are available to assist business owners such as: one to one business counseling, financial literacy, loan applications assistance and services from government, understand regulatory requirements and how to become compliant; seminars on business topics and technology classes. Siboc provides minority and women business owners with outstanding support
What it reported doing in 2024
Siboc's entrepreneurship assistance center (eac) is a full-service center that supports New York city area entrepreneurs and small business owners through its holistic training and coaching. Our eac center provides instruction, training, and one-on-one counseling in various languages to help aspiring entrepreneurs, first-time and existing business owners to develop business, problem-solving and management skills to turn their business concepts into reality and make the right decisions. The emphasis is on helping individuals develop successful, resilient, and lasting businesses.eacs offer a wide range of technical assistance services, including: evaluating the feasibility of starting a new business, refining a business concept and business plan, business registration assistance, skills building in the application of business management principles and practices, a 60-hours business plan training course, learn financial management skills, develop and execute marketing strategies, website development and the design of ecommerce platforms, learn to sell products and services online, counseling and guidance in identifying and accessing capital and credit services, assistance with state procurement programs, certification assistance to New York state minority/women-owned business enterprises and mentoring.
Operating model
- Revenue model
- Grant-funded. 81% of the money available for current operations came from government grants.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 92
- Accountability: 95
- Sustainability: 51
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77.5%; rating input score 78
- Program expense ratio: 86.8%; rating input score 87
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 10.8%; rating input score 63; 63rd percentile among comparable filings
- Total-asset coverage ratio: 1.03; rating input score 44; 44th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 52; 52nd percentile among comparable filings
- Officer compensation ratio: 18.3%; rating input score 17; 17th percentile among comparable filings
Growth
- Program expense growth: 2% per year; rating input score 100; 26th percentile among comparable filings
- Revenue growth: 2.2% per year; rating input score 100; 26th percentile among comparable filings
- Asset growth: 5.3% per year; rating input score 100; 40th percentile among comparable filings
Details
- Where the money goes: 77.5% of revenue deployed · 86.8% of spending went to programs
- Governance: 13 of 13 board members independent · 7 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $415K in reported program spending
- Leadership: top reported pay $88K · 14 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 14 filing years from 2010 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.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
- High — Sustainability: Officer compensation ratio scored 17/100.
- Review — Sustainability: Liabilities to assets ratio scored 52/100.