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Filing year 2023

BOC DEVELOPMENT CORPORATION

Brooklyn, New York·EIN 20-2660238·NTEE S31 · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$140k
Total assets
$1M
Total expenses
$108k
Reported officers
8
Mission

THROUGH PARTNERSHIPS, BOC DEVELOPMENT CORPORATION HELPS PRESERVE COMMERCIAL SPACE FOR SMALL BUSINESS USES IN LOW-INCOME AREAS AND COLLABORATES WITH THE BUSINESS OUTREACH CENTER NETWORK, INC. FOR SERVICES TO SMALL BUSINESS AND ADMINISTRATIVE SUPPORT. SOURCES OF REVENUES ARE PROGRAM FEES ASSOCIATED WITH COMMERCIAL/INDUSTRIAL BUSINESS DEVELOPMENT AS WELL AS USER FEES AND GRANT SUPPORT FOR THE BRONX BUSINESS INCUBATOR.

Executive compensation

Form 990 · Part VII & Schedule J · 3 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations in New York.

CFO
25th percentile to median
$40k
$45k
President
10th to 25th percentile
$36k
$40k
Treasurer
Officer (Unspecified)
$33k
$38k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 5 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at BOC DEVELOPMENT CORPORATION equaled 37% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2023)
37%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 5%
from 2022

From $38k in 2022 to $40k in 2023.

$38k
2022
$40k
2023
In today's dollarsEst.
Up 1% in real terms$45k to $45k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Financial Officer pay rose 5% from 2022 to 2023, while revenue fell 47%.

$38k in 2022 to $40k in 2023.
  • Chief Executive Officer pay rose 5% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about BOC DEVELOPMENT CORPORATION

What does the Chief Financial Officer of BOC DEVELOPMENT CORPORATION earn?

In 2023, the Chief Financial Officer of BOC DEVELOPMENT CORPORATION received $40,343 in total compensation. This pay is below the median (the midpoint) for Chief Financial Officer roles among Community Improvement & Capacity Building organizations in New York, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Chief Financial Officer pay at BOC DEVELOPMENT CORPORATION compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations in New York, the 2023 pay of the Chief Financial Officer at BOC DEVELOPMENT CORPORATION falls between the 25th percentile and the median. In 2023, the highest total compensation at BOC DEVELOPMENT CORPORATION equaled 37% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are BOC DEVELOPMENT CORPORATION's revenue and expenses?

In 2023, BOC DEVELOPMENT CORPORATION reported $140k in total revenue and $108k in total expenses on its IRS Form 990.

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