Belmont District Management Association Inc
- Assets
- $891.5k
- Revenue
- $686.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Bronx, NY
- Founding
- 01/2011
- Data as of
- 06/2024
- EIN
- 27-0834463
Organization Overview
Belmont District Management Association Inc is located in Bronx, NY. The organization was established in 2011. 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 06/2024, Belmont District Management Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Belmont 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 06/2024, Belmont District Management Association Inc generated $686.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $675.1k during the year ending 06/2024. While expenses have increased by 3.4% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING THE BUSINESS IMPROVEMENT DISTRICT. BELMONT DMAS FOCUS AREAS ARE SANITATION, SECURITY, MARKETING AND PROMOTION, CULTURAL PROGRAMMING AND STREETSCAPE IMPROVEMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARKETING AND PROMOTION SERVICES INCLUDE PROMOTING AND EXPANDING THE ECONOMIC WELLBEING OF THE BUSINESS COMMUNITY, AND THE COMMUNITY AT LARGE, BY PROMOTION OF THE LITTLE ITALY IN THE BRONX BRAND, OUR STRONG ETHNIC HERITAGE, AND LEADERSHIP IN THE CULINARY MARKETPLACE, AND BY LEVERAGING THE MERCANTILE, SOCIAL, POLITICAL AND CULTURAL ASSETS WITHIN AND AROUND THE COMMUNITY.
SECURITY SERVICES INCLUDE UNARMED SECURITY GUARD FOOT PATROL OF THE DISTRICT, MONITORING SECURITY CAMERAS AND WORKING WITH THE LOCAL 48TH PRECINCT ON SAFETY, SECURITY, AND QUALITY OF LIFE ISSUES.
SANITATION SERVICES INCLUDE CLEANING OF THE SIDEWALKS, TREE PITS, FIRE HYDRANTS AND GUTTER 18 INCHES INTO THE STREET, EMPTYING AND RE-LINING OF THE TRASH RECEPTACLES, REMOVAL OF POSTERS AND GRAFFITI FROM STREET FURNITURE, AND SNOW REMOVAL FROM CATCH BASIN, CROSS WALKS, INTERSECTIONS, AND FIRE HYDRANTS WITHIN THE DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alyssa Tucker Executive Director | Officer | 40 | $85,000 |
Anthony Artuso Board Member | Trustee | 2 | $0 |
Ralph Balancio Board Member | Trustee | 2 | $0 |
Joe Clarke Board Member | Trustee | 2 | $0 |
Maria Costanzo Board Member | Trustee | 2 | $0 |
Scott Frankland Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $115,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $71,571 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $186,571 |
| Total Program Service Revenue | $494,748 |
| Investment income | $5,616 |
| 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 | $686,935 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,235 |
| 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. | $89,154 |
| Compensation of current officers, directors, key employees. | $35,661 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,302 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,104 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,530 |
| Fees for services: Accounting | $14,240 |
| Fees for services: Lobbying | $24,050 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $97,678 |
| Office expenses | $9,523 |
| Information technology | $4,651 |
| Royalties | $0 |
| Occupancy | $41,303 |
| 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 | $1,608 |
| Insurance | $4,157 |
| All other expenses | $5,703 |
| Total functional expenses | $675,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $668,877 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $80,458 |
| 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 | $14,993 |
| Net Land, buildings, and equipment | $200 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $123,941 |
| Other assets | $3,000 |
| Total assets | $891,469 |
| Accounts payable and accrued expenses | $13,808 |
| Grants payable | $0 |
| Deferred revenue | $220,900 |
| 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 | $127,328 |
| Total liabilities | $362,036 |
| Net assets without donor restrictions | $529,433 |
| 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 | $891,469 |