Yonkers South Broadway District Management Association Inc
- Assets
- $188.2k
- Revenue
- $352.1k
- Investments
- $0.0
- Employees
- 7
- Location
- Yonkers, NY
- Founding
- 02/2003
- Data as of
- 06/2022
- EIN
- 01-0735369
Organization Overview
Yonkers South Broadway District Management Association Inc, operating under the name South Broadway Bid, is located in Yonkers, NY. The organization was established in 2003. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, South Broadway Bid employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Broadway Bid is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, South Broadway Bid generated $352.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $379.2k during the year ending 06/2022. While expenses have increased by 2.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO PROMOTE THE VITALITY AND ECONOMIC GROWTH OF THE BUSINESS IMPROVEMENT DISTRICT LOCATED ON SOUTH BROADWAY IN YONKERS, NY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S PROGRAMS AND SERVICES ENHANCING THE SOUTH BROADWAY YONKERS DISTRICT INCLUDE: STOREFRONT SIGNAGE; BUILDING RENOVATIONS; FACADE IMPROVEMENTS; VIDEO MONITORING EQUIPMENT; STREET FURNITURE; LANDSCAPING; DECORATIVE CONCRETE STREET PLANTERS; HOLIDAY LIGHTING AND DAILY STREET CLEANING. THE ORGANIZATION ALSO PROMOTES ECONOMIC ACTIVITY ON SOUTH BROADWAY THROUGH THE PRODUCTION OF A MARKETING BROCHURE AS WELL AS OTHER PROMOTION AND ADVOCACY ACTIVITIES ON BEHALF OF THE SMALL BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Monasebian Chairman | OfficerTrustee | 2 | $0 |
Silvio Dimeglio First Vice Chair | OfficerTrustee | 2 | $0 |
James Flynn Secretary | OfficerTrustee | 2 | $0 |
Martin Ruiz Jr Treasurer | OfficerTrustee | 2 | $0 |
Jose Alvarado Board Member | Trustee | 0.5 | $0 |
Andrea Stewart-Cousins Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $350,472 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,650 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $352,122 |
| Total Program Service Revenue | $0 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $352,127 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $88,200 |
| Compensation of current officers, directors, key employees. | $39,690 |
| Compensation to disqualified persons | $122,310 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $32,832 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,379 |
| Advertising and promotion | $46,571 |
| Office expenses | $27,943 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,852 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,415 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,001 |
| All other expenses | $0 |
| Total functional expenses | $379,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,703 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $100,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,401 |
| Net Land, buildings, and equipment | $1,878 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,200 |
| Total assets | $188,182 |
| Accounts payable and accrued expenses | $5,782 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $43,000 |
| Other liabilities | $61,000 |
| Total liabilities | $109,782 |
| Net assets without donor restrictions | $78,400 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $188,182 |