Downtown Perth Amboy Business Improvement District Inc

Organization Overview

Downtown Perth Amboy Business Improvement District Inc is located in Perth Amboy, NJ. The organization was established in 1992. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood 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. Downtown Perth Amboy Business Improvement District Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2023, Downtown Perth Amboy Business Improvement District Inc generated $255.5k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $206.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

REVITALIZATION AND EXPANSION OF THE DOWNTOWN BUSINESS ZONE IN THE CITY OF PERTH AMBOY, NEW JERSEY. PROMOTION OF ECONOMIC GROWTH AND EMPLOYMENT WITHIN THE CITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

REVITALIZATION AND EXPANSION OF THE DOWNTOWN BUSINESS ZONE IN THE CITY OF PERTH AMBOY, NEW JERSEY. PROMOTION OF ECONOMIC GROWTH AND EMPLOYMENT WITHIN THE CITY.


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Board, Officers & Key Employees

Name (title)Compensation
Hon Helmin J Caba
Mayor
$0
Sergio Diaz
Chairman
$0
Antonio Abreu
Vice-Chair
$0
Kaushik Patel
Treasurer
$0
Lisett Lebron
Secretary
$0
James Snyder
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$249,454
Investment income $2,907
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 $255,502

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