Town Of North Hempstead Business And Tourism Development Corp
- Assets
- $56.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Roslyn Heights, NY
- Founding
- 08/2006
- Data as of
- 12/2021
- EIN
- 20-2568137
Organization Overview
Town Of North Hempstead Business And Tourism Development Corp is located in Roslyn Heights, NY. The organization was established in 2006. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Town Of North Hempstead Business And Tourism Development Corp is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Town Of North Hempstead Business And Tourism Development Corp generated $59.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (65.9%) each year. All expenses for the organization totaled $38.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION'S PURPOSE AND OBJECTIVES ARE THE EXCLUSIVELY CHARITABLE OR PUBLIC PURPOSES OF: (I) RELIEVING AND REDUCING UNEMPLOYMENT; (II) PROMOTING, FACILITATING AND PROVIDING FOR ADDITIONAL AND MAXIMIZED EMPLOYMENT FOR INDIVIDUALS; (III) EXPANDING, BETTERING AND MAINTAINING JOB OPPORTUNITIES FOR INDIVIDUALS; (IV) INSTRUCTING OR TRAINING INDIVIDUALS TO IMPROVE OR DEVELOP THEIR CAPABILITIES FOR SUCH JOBS; (V) CARRYING ON SCIENTIFIC RESEARCH FOR THE PURPOSE OF AIDING THE TOWN OF NORTH HEMPSTEAD BY ATTRACTING NEW INDUSTRY TO THE TOWN OR BY ENCOURAGING THE DEVELOPMENT, OR RETENTION, OF INDUSTRY IN THE TOWN OF NORTH HEMPSTEAD; (VI) LESSENING THE BURDENS OF GOVERNMENT AND ACTING IN THE PUBLIC INTEREST, THUS PERFORMING AN ESSENTIAL GOVERNMENTAL FUNCTION; AND (VII) ENHANCING BUSINESS DEVELOPMENT AND ECONOMIC OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3
THE BTDC PROVIDED FUNDS OF $19,017 TO FOUR NONPROFIT ORGANIZATIONS TO BE UTILIZED FOR STREETSCAPE IMPROVEMENTS. THIS PROGRAM REQUIRED THE NONPROFIT TO HAVE THEIR STREETSCAPE IMPROVEMENT PROJECT APPROVED BY THE BTDC AND REQUIRED A MATCHING OF THE FUNDS PROVIDED BY THE BTDC. THE PROGRAM PROMOTES THE BEAUTIFICATION OF THE LOCAL AREA THE BTDC SERVICES.
THE BTDC SPONSORED $12,000 TO THE LANDMARK ON MAIN STREET, INC., WHICH PROMOTES CULTURAL, EDUCATIONAL, RECREATIONAL, SOCIAL AND CIVIC ACTIVITIES WITHIN THE GREATER PORT WASHINGTON COMMUNITY.
THE BTDC SPONSORED $12,000 TO THE GOLD COAST ARTS CENTER FOR SUPPORT OF THEIR GNERAL ACTIVITIES. THE GOLD COAST ARTS CENTER PROMOTES CULTURAL, EDUCATIONAL, RECREATIONAL, SOCIAL ACTIVITIES RELATING TO VISUAL AND PERFORMING ARTS WITHIN THE LOCAL COMMUNITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lamont Bailey Chair | 0.3 | $0 | |
Delores Sedacca Director | 0.3 | $0 | |
Ralph Kreiztman Director | 0.3 | $0 | |
Jeffrey Greilsheimer Director | 0.3 | $0 | |
Rodney Caines Director | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $59 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $59 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $8,550 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,585 |
| Total expenses | $38,452 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $56,830 |
| Other assets | $0 |
| Total assets | $56,830 |
| Total liabilities | $0 |
| Net assets or fund balances | $56,830 |
Grants Awarded
Over the last fiscal year, Town Of North Hempstead Business And Tourism Development Corp has awarded $19,016 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Port Washington, NY PURPOSE: STRETSCAPE BEAUTIFICATION | $7,110 |
CHAMBER OF COMMERCE OF THE WILLISTONS PURPOSE: STREETSCAPE BEAUTIFICATION | $5,535 |
Manhasset, NY PURPOSE: STREETSCAPE BEAUTIFICATION | $3,619 |
Port Washington, NY PURPOSE: STREETSCAPE BEAUTIFICATION | $2,752 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Jamaica Development Corp Jamaica, NY | $43,416,674 | $8,397,998 |
South Bronx Overall Economic Development Corporation Bronx, NY | $11,273,834 | $9,485,057 |
Dorchester Bay Economic Development Corporation Dorchester, MA | $50,118,730 | $16,286,134 |
National Basketball Association Foundation New York, NY | $26,984,536 | $31,000,000 |
Newark Downtown District Management Corporation Newark, NJ | $7,203,712 | $5,205,083 |
Rdc Commercial Center Inc Brooklyn, NY | $15,313,985 | $4,091,889 |
Pittsburgh Downtown Partnership Pittsburgh, PA | $5,197,454 | $6,457,703 |
Grow America Fund Inc Brooklyn, NY | $143,748,091 | $12,181,976 |
Upper Manhattan Empowerment Zone Development Corporation New York, NY | $90,632,786 | $3,433,188 |
Enterprise Center Philadelphia, PA | $14,775,584 | $14,297,548 |
Pidc Community Capital Philadelphia, PA | $51,592,924 | $9,506,766 |
Hester Street Collaborative Inc New York, NY | $3,142,438 | $5,168,829 |