2022-03-18T14:41:37-07:00 2021-06-30 134036703 SCHALL & ASHENFARB CPAS LLC 307 FIFTH AVE 15TH FL NEW YORK NY 10016 990 2020-07-01 112508370 Southwest Brooklyn Industrial Development Corporation SOUT 7189653100 241 41st Street Brooklyn NY 11232 Jesse Solomon Executive Dir. 2022-03-18 true Jesse Solomon 999009999 Michael Schall P02024184 2122682800 3 AAL1 IAL1 FAL1 2020 2022-09-23 18:48:47Z Jesse Solomon 241 41st Street Brooklyn NY 11232 1175336 false X www.sbidc.org X 1978 NY Southwest Brooklyn Industrial Development Corporation (SBIDC) provides advocacy and services to help businesses in the Sunset Park, Red Hook and Gowanus neighborhoods grow and create employment opportunities for local residents. 15 15 9 15 0 58413 1153981 0 0 2 21355 58415 1175336 0 0 47371 666273 0 34621 32561 447694 79932 1113967 -21517 61369 570780 611568 294956 274375 275824 337193 Southwest Brooklyn Industrial Development Corporation (SBIDC) provides advocacy and services to help businesses in the Sunset Park, Red Hook and Gowanus neighborhoods grow and create employment opportunities for local residents. false false 844965 As we have since 1978, SBIDC worked tirelessly to ensure that the industrial core of Southwest Brooklyn remains strong, and that it remains as a center for opportunity for workers throughout the area. Our unique combination of direct business services, workforce development, entrepreneurship training, community planning and revitalization, and advocacy helped businesses throughout Southwest Brooklyn thrive in a market, and a city, that can be challenging for manufacturers and other industrial businesses.The past year of the COVID19 Pandemic has continued to illustrate how critical our working waterfront is to the resiliency of the City, the region and beyond. Yet the pandemic also brought heartbreaking and unprecedented challenges for Southwest Brooklyns small businesses and workers, including grappling with hiring challenges in the face of vaccine mandates, staffing shortages due to illness, the great resignation, and an international supply chain crisis.In 2021, SBIDC provided support to over300industrial employers desperately seeking help with complex assistance programs, new business opportunities, safety regulations, and large-scale rezoning proposals in Sunset Park and Gowanus. As our staff returned to office in a hybrid work from home and RTO capacity, our Workforce 1 Center helped approximately 100 job-seekers find employment and provided career services to over1,000 New Yorkers.We also felt compelled to advance programs that respond to growing community needs. In 2021, SBIDC launched our Industrial Career Pathways Program, a program that provides job training to young adults wishing to build careers in the manufacturing sector. Our Equitable Industrial Development program has continued to help owners sell their business to employees, preserving legacy along with critical jobs. In Red Hook, we are helping to clean-up properties and create quality work opportunities for unemployed residents. And in Gowanus, SBIDC has worked with partner organizations to build an advocacy platform for low-income residents and the industrial sector in the neighborhood. Our efforts resulted in a number of accomplishments, including a traffic study in the neighborhood and a fund for displaced businesses due to the neighborhood rezoning.In 2022, we look forward to launching two additional cohorts of our job training program. We will also launch our Plan For Growth course for entrepreneurs and small businesses looking to develop growth plans. 844965 true true false false false false false false false false true false false false false true true false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false true 10 0 true 9 true false false false false false false false 0 false false false false false false false X 15 15 false false false false false false false true true false false true true true true true true true false false NY X Jesse Solomon 7189653100 241 41st Street Brooklyn NY 11232 Benjamin Margolis ED to 5/21 40.00 0.00 X 124552 0 15228 Jesse Solomon Executive Dir. 40.00 0.00 X 90449 0 11827 David J Sweeny Chairman 2.00 0.00 X X 0 0 0 Susan Fermisco Treasurer 2.00 0.00 X X 0 0 0 Howard Smith Jr Secretary 2.00 0.00 X X 0 0 0 Irina Constantine Member 2.00 0.00 X 0 0 0 Michael DiMarino Member 2.00 0.00 X 0 0 0 Paul Gevertzman Member 2.00 0.00 X 0 0 0 Blake Tomnitz Member 2.00 0.00 X 0 0 0 Eileen Thornton Member 2.00 0.00 X 0 0 0 Stephen Giumenta Member 2.00 0.00 X 0 0 0 Jeffrey Lee Member 2.00 0.00 X 0 0 0 Samara Daly Member 2.00 0.00 X 0 0 0 Lorna Montalvo Member 2.00 0.00 X 0 0 0 Christopher Murtha Member 2.00 0.00 X 0 0 0 Mark Foggin Member 2.00 0.00 X 0 0 0 Michael Jeffrey Spinner Member 2.00 0.00 X 0 0 0 215001 27055 1 false false false 0 122961 948813 82207 1153981 0 0 0 0 0 0 122961 0 0 0 Other support 900099 21355 21355 21355 1175336 21355 X 0 0 0 0 257502 187495 55886 14121 0 321551 288320 33231 553 455 85 13 44322 36420 6821 1081 42345 34795 6517 1033 0 0 79492 79492 0 0 0 288653 241229 32424 15000 0 6081 4997 936 148 0 0 16800 13805 2585 410 45 45 0 0 0 0 3014 2477 464 73 8668 7123 1334 211 Job Postings 17587 11971 5616 Utilities 6892 5663 1061 168 Equipment rentals 6332 5203 975 154 Other 5532 576 4939 17 8598 4436 1970 2192 1113967 844965 234381 34621 75961 93756 228530 120511 238346 376755 0 0 0 0 0 24928 20546 211632 211632 3015 0 0 0 0 0 0 570780 611568 89287 160926 63537 26614 2067 115518 111382 294956 274375 X 154100 240255 121724 96938 275824 337193 570780 611568 61369 X false true X true false X 1266070 1489561 1000303 58013 1153981 4967928 0 0 1266070 1489561 1000303 58013 1153981 4967928 460710 4507218 11288 11288 0 31957 13321 25268 402 21355 92303 5071519 0.88870 0.91470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 96434 96434 63599 63599 51599 51599 X 1175336 1175336 1175336 1113967 1113967 1113967 Part X : FIN48 Footnote SBIDC does not believe its financial statements include any material, uncertain tax positions. Tax filings for periods ending May 31, 2018 and later are subject to examination by applicable taxing authorities. X false Annual event 122961 122961 122961 122961 Form 990, Part VI, Line 11b: Form 990 Review Process Management reviewed a draft of the form 990 with the audit/finance committee and provided edits to the tax preparer. After this process was performed, the form 990 was sent to the full board of directors prior to being filed with the IRS. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The organization has a board approved conflicts of interest policy. Each board member must fill out an annual declaration stating they had no conflicts or identifying the nature of their interested party transactions. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management Each year, the executive committee reviews comparable salaries based on a recognized study and reviews the performance of the executive director to determine if the existing salary falls within these ranges. After a deliberation of this matter, a new proposed salary and benefit package is voted on. The minutes of the board of directors reflect the nature of this process. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees Each year, the executive committee reviews comparable salaries based on a recognized study and reviews the performance of other officers and key employees to determine if the existing salary falls within these ranges. After a deliberation of this matter, a new proposed salary and benefit package is voted on. The minutes of the board of directors reflect the nature of this process. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Organizational documents are made available upon request.