Nonprofit · EIN 13-3790222
CREDIT INC
Tax-exempt · BRONX, NY 10455
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-EZ | – | – | – | $75,250 | $58,944 | $16,306 |
| June 30, 2023 | 990-EZ | $0 | $241 | -$241 | $75,000 | $58,694 | $16,306 |
| March 31, 2023 | 990 | $0 | $42,485 | -$42,485 | $78,931 | $104,849 | -$25,918 |
Financial details: 990-EZ for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
Expenses
- Compensation of officers, directors and key employees
- $0
Balance sheet and other
- Total assets, start of year
- $75,250
- Total assets, end of year
- $75,250
- Total liabilities, end of year
- $58,944
- Net assets, end of year
- $16,306
- Gross receipts
- $0
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANTHONY M RICCIO JR | SECRETARY/TREASURER | 1 | $0 |
| MARK WILLIS | BOAR CHAIR | 1 | $0 |
| WILLIAM BILL BOLLINGER | BOARD MEMBER | 1 | $0 |
| JENNIFER RIVERA | BOARD MEMBER | 1 | $0 |
| AUBREY HURSE | BOARD MEMBER | 1 | $0 |
| JASON GARCIA | EXECUTIVE DIRECTOR | 3 | $0 |
990-EZ for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK L CASTLE | BOARD CHAIR | 1 | $0 |
| ARLINE PARKS | VICE CHAIR | 1 | $0 |
| KAREN MCGUINNESS | VICE CHAIR | 1 | $0 |
| MARK WILLIS | TREASURER | 1 | $0 |
| ANTHONY M RICCIO JR | SECRETARY | 1 | $0 |
| TIFFANI HINDS | BOARD MEMBER | 1 | $0 |
| MAYRA LINARES-GARCIA | BOARD MEMBER | 1 | $0 |
| HUGH GRANT | BOARD MEMBER | 1 | $0 |
| PLINIO AYALA | BOARD MEMBER | 1 | $0 |
| LAUREN GEORGE | BOARD MEMBER | 1 | $0 |
| WILLIAM BILL BOLLINGER | BOARD MEMBER | 1 | $0 |
| CONOR MCCARTHY | BOARD MEMBER | 1 | $0 |
990 for the year ended March 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LOURDES ZAPATA | PRESIDENT & CEO Officer | 3 | $0 | $245,053 | $38,748 |
| DELILAH TYSON | CAO Officer | 3 | $0 | $135,519 | $42 |
| ROBBIN FINNEY-GRANSTON | CFO Officer | 3 | $0 | $102,985 | $19,367 |
| MARK L CASTLE | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ARLINE PARKS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KAREN MCGUINNESS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANTHONY M RICCIO JR | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARK WILLIS | TREASURER Trustee or director | 1 | $0 | $0 | $0 |
| TIFFANI HINDS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MAYRA LINARES-GARCIA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| HUGH GRANT | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| PLINIO AYALA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LAUREN GEORGE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| WILLIAM BILL BOLLINGER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CONOR MCCARTHY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JENNIFER RIVERA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| PATRICIA NIA ROCK | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| PRISCA SALAZAR-RODRIGUEZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 555 BERGEN AVENUE 3RD FLOOR, BRONX, NY 10455-1368
- In care of
- % KAREN MCGUINNESS
- Mailing address (990-N for 2013)
- 555 BERGEN AVENUE, NEW YORK NY 10455
- Principal officer (990-N for 2013)
- PHILLIP MORROW, 555 BERGEN AVENUE, NEW YORK NY 10455
- Signed the 990-EZ
- JASON GARCIA, EXECUTIVE DIRECTOR
- Phone
- (718) 292-3113
- Website
- WWW.SOBRO.ORG
- Return prepared by
- SAX ADVISORS LLC
Mission
CREDIT INC'S PRIMARY FUNCTION IS TO FACILITATE CAPITAL AND FINANCIAL SERVICES FOR ORGANIZATIONS, MINORITY AND FEMALE ENTREPRENEURS AND OTHER BUSINESSES THAT, DUE TO THEIR LOCATION IN A DISTRESSED OR LOW-INCOME COMMUNITY, ARE NOT ADEQUATELY SERVED BY MAINSTREAM FINANCIAL INSTITUTIONS, THEREBY ENABLING THEM TO SUCCED AND THRIVE.
Program accomplishments
- THE PROCUREMENT AND TECHNICAL ASSISTANCE PROGRAM HELPED LOCAL BUSINESSES TO SECURE GOVERNMENT CONTRACTS.
- THE INDUSTRIAL DEVELOPMENT AND JOB CREATION PROGRAMS PROVIDE AN EXTENSIVE RANGE OF COMMERCIAL AND INDUSTRIAL BUSINESS INCENTIVES THROUGH PARTNERSHIPS WITH GOVERNMENT AGENCIES TO ATTRACT INVESTMENT AND INSURE THE EXISTING BUSINESSES CAN THRIVE.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-EZ on file |
| 2023 | June 30, 2024 | November 15, 2024 | Check at the IRS |
IRS record
- EIN
- 13-3790222
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S31Z)
- Assets (IRS master file)
- $75,250
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | June 2025 | – | – | $75,250 | XML |
| 990-EZ | June 2023 | $0 | $241 | $75,000 | XML |
| 990 | March 2023 | $0 | $42,485 | $78,931 | XML |
| 990 | March 2022 | $25,000 | $68,369 | $79,171 | IRS |
| 990-EZ | March 2021 | – | – | – | IRS |
| 990-EZ | March 2020 | – | – | – | IRS |
| 990-EZ | March 2019 | – | – | – | IRS |
| 990-EZ | March 2018 | – | – | – | IRS |
| 990-EZ | March 2017 | – | – | – | IRS |
| 990-N for 2013 Officer: PHILLIP MORROW | March 31, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3790222).
Questions about CREDIT INC
- What is the EIN of CREDIT INC?
- The employer identification number (EIN) of CREDIT INC is 13-3790222.
- Is CREDIT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to CREDIT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CREDIT INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of CREDIT INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CREDIT INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended June 2025.
- Who is the principal officer of CREDIT INC?
- The 990-N for 2013 names PHILLIP MORROW.
- Who are the officers and directors of CREDIT INC?
- The 990-EZ for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
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All nonprofits in BRONX · New York · Community improvement and capacity building