125th Street District Management Association Inc
- Assets
- $1.1m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 4
- Location
- New York, NY
- Founding
- 05/1996
- Data as of
- 06/2023
- EIN
- 13-3740434
Organization Overview
125th Street District Management Association Inc is located in New York, NY. The organization was established in 1996. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, 125th Street District Management Association Inc employed 4 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. 125th Street District Management Association Inc 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 06/2023, 125th Street District Management Association Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $1.4m during the year ending 06/2023. While expenses have increased by 3.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADMINISTER THE ACTIVITIES OF THE NYC SPONSORING BUSINESS IMPROVEMENT DISTRICT IN THE CENTRAL HARLEM AREA OF NYC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SANITATION - MAINTAINING CLEAN STREETS/CURBS, GARBAGE REMOVAL, TO HELP MAINTAIN A CLEANER HARLEM FOR THE BUSINESS OWNERS AND MERCHANTS.
MARKETING AND PROMOTION - PROMOTING THE DISTRICT TO RESIDENTS AND TOURISTS AND TO RETAIN AND DEVELOP PROSPECTIVE BUSINESSES. TO ADMINISTER THE ACTIVITIES OF THE NEW YORK CITY SPONSORING BUSINESS IMPROVEMENT DISTRICT IN THE HARLEM AREA OF NEW YORK CITY.
SECURITY - TO HELP MAINTAIN A SAFER HARLEM FOR THE BUSINESS OWNERS AND MERCHANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mukaram Taheraly Chair | OfficerTrustee | 2 | $0 |
Leah Abraham Co-Chair | OfficerTrustee | 2 | $0 |
Drew Greenwald Chair, Real Estate Development | OfficerTrustee | 2 | $0 |
Jonelle Procope Chair, Nominations | OfficerTrustee | 2 | $0 |
Ross Jacobs Chair, Public Safety | OfficerTrustee | 2 | $0 |
Evan Walke Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Streetplus Company Llc Sanitation | 6/29/23 | $333,635 |
Allied Universal Security | 6/29/23 | $224,698 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,542 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,542 |
| Total Program Service Revenue | $1,687,028 |
| Investment income | $101 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,000 |
| 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 | $1,768,671 |
| 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. | $289,884 |
| Compensation of current officers, directors, key employees. | $68,640 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,289 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,857 |
| Payroll taxes | $25,152 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $1,656 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $587,334 |
| Advertising and promotion | $63,031 |
| Office expenses | $45,137 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $120,106 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,247 |
| Insurance | $35,324 |
| All other expenses | $0 |
| Total functional expenses | $1,360,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,794 |
| Savings and temporary cash investments | $653,185 |
| Pledges and grants receivable | $2,500 |
| 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 | $12,362 |
| Net Land, buildings, and equipment | $12,189 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $263,449 |
| Total assets | $1,050,479 |
| Accounts payable and accrued expenses | $148,754 |
| 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 | $0 |
| Other liabilities | $254,001 |
| Total liabilities | $402,755 |
| Net assets without donor restrictions | $647,724 |
| 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 | $1,050,479 |
Grants Awarded
Over the last fiscal year, 125th Street District Management Association Inc has awarded $100,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S ART CARNIVAL PURPOSE: Support Small Business Affected by COVID-19 | $10,000 |
SUPER NICE COFFEE & BAKERY PURPOSE: Support Small Business Affected by COVID-19 | $10,000 |
9 TAILS NYC LLC PURPOSE: Support Small Business Affected by COVID-19 | $10,000 |
MODARTS DANCE COLLECTIVE INC PURPOSE: Support Small Business Affected by COVID-19 | $10,000 |
THE DOMINICI COLLECTIVE PURPOSE: Support Small Business Affected by COVID-19 | $10,000 |
NY REVOLUTION BOOKS PURPOSE: Support Small Business Affected by COVID-19 | $10,000 |