Hudson Square District Management Association Incorporated
- Assets
- $10.0m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 11
- Location
- New York, NY
- Founding
- 12/2009
- Data as of
- 06/2022
- EIN
- 26-4808219
Organization Overview
Hudson Square District Management Association Incorporated is located in New York, NY. The organization was established in 2009. 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. As of 06/2022, Hudson Square District Management Association Incorporated employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hudson Square District Management Association Incorporated 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, Hudson Square District Management Association Incorporated generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $5.2m during the year ending 06/2022. While expenses have increased by 6.4% 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
PROMOTE THE VITALITY AND ECONOMIC GROWTH OF A BUISNESS IMPROVEMENT DISTRICT LOCATED IN NYC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC REALM OPERATIONS - PROVIDING ONGOING SERVICES TO IMPROVE PEDESTRIAN SAFETY CONDITIONS AND MAINTAIN ALL PHYSICAL IMPROVEMENTS THAT ARE IMPLEMENTED BY THE ASSOCIATION ON PUBLIC LAND.
TRAFFIC AND STREETSCAPE - UNDERTAKING A VARIETY OF EFFORTS AIMED AT EASING THE SIGNIFICANT TRAFFIC CONGESTION IN THE DISTRICT AND ESTABLISHING A LIVELY, ACTIVE AND CREATIVE STREET LIFE AND NEIGHBORHOOD WITH THE PURPOSE OF ENCOURAGING PEDESTRIAN TRAFFIC THAT WILL HELP ATTRACT HIGH QUALITY AND DIVERSE RETAIL USES TO THE NEIGHBORHOOD.
PUBLIC REALM IMPROVEMENTS - IMPLEMENTING CAPITAL IMPROVEMENTS ON PUBLIC LAND THROUGHOUT THE DISTRICT WITH THE PURPOSE OF IMPROVING THE STREETSCAPE ENVIRONMENT.
MARKETING AND ECONOMIC DEVELOPMENT - CREATING A COMPREHENSIVE RETAIL STRATEGY AND A STRONG IMAGE FOR THE DISTRICT, AND RETAINING AND DEVELOPING PROSPECTIVE BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen Baer President (former) | Officer | 50 | $278,590 |
Susan Changar Marketing & Communications | Officer | 50 | $154,428 |
Corey Kunz Vp. Of Admin. & Operations | 50 | $137,788 | |
Jacob T Mcnally Dir. Of Planning & Capital Projects | 50 | $120,840 | |
Samara Karasyk President | Officer | 50 | $30,288 |
Jeffrey Sussman Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
John Mini Distinctive Landscapes Ltd Landscaping Services | 6/29/22 | $103,000 |
Streetplus Company Llc Sanitation Services | 6/29/22 | $232,184 |
Wxy Claire Weisz Architects Llp Design Services | 6/29/22 | $103,300 |
A Bulfamante Landscaping Inc Landscaping Services | 6/29/22 | $197,898 |
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 | $51,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,000 |
| Total Program Service Revenue | $3,218,260 |
| Investment income | $2,820 |
| 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 | $3,272,080 |
| 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. | $497,738 |
| Compensation of current officers, directors, key employees. | $53,757 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $440,340 |
| Pension plan accruals and contributions | $14,077 |
| Other employee benefits | $21,048 |
| Payroll taxes | $63,408 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,339 |
| Fees for services: Accounting | $76,340 |
| Fees for services: Lobbying | $479 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,007,931 |
| Advertising and promotion | $0 |
| Office expenses | $44,689 |
| Information technology | $13,593 |
| Royalties | $0 |
| Occupancy | $155,847 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $316,406 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $78,497 |
| Insurance | $11,662 |
| All other expenses | $0 |
| Total functional expenses | $5,163,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $796,430 |
| Savings and temporary cash investments | $8,689,921 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,164 |
| 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 | $9,103 |
| Net Land, buildings, and equipment | $262,165 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $196,014 |
| Total assets | $9,955,797 |
| Accounts payable and accrued expenses | $1,729,841 |
| Grants payable | $0 |
| Deferred revenue | $16,446 |
| Tax-exempt bond liabilities | $9,094,664 |
| 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 | $5,401,728 |
| Total liabilities | $16,242,679 |
| Net assets without donor restrictions | -$6,346,882 |
| Net assets with donor restrictions | $60,000 |
| 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 | $9,955,797 |
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