Ironbound Business Improvement District Management Corporation

Organization Overview

Ironbound Business Improvement District Management Corporation is located in Newark, NJ. The organization was established in 2002. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, 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. Ironbound Business Improvement District Management Corporation 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 12/2022, Ironbound Business Improvement District Management Corporation generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 2.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SPECIAL IMPROVEMENT DISTRICT (SID) CORP

Describe the Organization's Program Activity:

Part 3 - Line 4a

VARIOUS COMMUNITY SERVICES PUBLIC RELATIONS & STREET CLEANING


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Board, Officers & Key Employees

Name (title)Compensation
Steven T Yglesias
President Emeritus
$0
Hal Laessig
1st V President
$0
Manuel Lopes
President
$0
Seth A Grossman
Corporate Finance Officer
$0
Ricardo Da Gandra
Treasurer
$0
Oscar Sanchez
Secretary
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Commercial District Services
Cleaning Services
$362,996
Cooperative Professional Services
Management Company
$167,500
Baglivo Strategic Communication
Consulting Services
$110,502
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,051,254
All other contributions, gifts, grants, and similar amounts not included above$7,923
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,059,177
Total Program Service Revenue$0
Investment income $0
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 $1,059,177

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