Sutphin Boulevard District Management Association Inc
- Assets
- $279.1k
- Revenue
- $264.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Jamaica, NY
- Founding
- 04/2005
- Data as of
- 06/2022
- EIN
- 30-0253124
Organization Overview
Sutphin Boulevard District Management Association Inc is located in Jamaica, NY. The organization was established in 2005. 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. As of 06/2022, Sutphin Boulevard 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. Sutphin Boulevard 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 06/2022, Sutphin Boulevard District Management Association Inc generated $264.9k 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 (4.4%) each year. All expenses for the organization totaled $283.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 years. 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
PROVIDES ECONOMIC REVITALIZATION,SUPPLEMENTAL MUNICIPAL SERVICES AND PROMOTION FOR THE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION SERVES AS A CATALYST FOR ECONOMIC REVITALIZATION ALONG SUTPHIN BOULEVARD, JAMAICA, QUEENS AND TO MAKE THE AREA CLEAN AND SAFE. THE ASSOCIATION PROVIDES SUPPLEMENTAL MUNICIPAL SERVICES AS WELL AS PROMOTION FOR THE AREA, ADVOCACY FOR THE INTEREST OF LOCAL BUSINESS, PROVIDES INFORMATION TO BOOST ECONOMIC DEVELOPMENT, AND TO ENHANCE THE NEIGHBORHOOD'S QUALITY OF LIFE FOR LOCAL BUSINESS AND RESIDENTS.
IN THE ASSOCIATION'S PROMOTION OF THE AREA AND ENHANCEMENT OF THE NEIGHBORHOOD'S QUALITY OF LIFE FOR LOCAL BUSINESS AND RESIDENTS,IT PARTICIPATES IN COMMUNITY OUTREACH AT THE LOCAL SHELTER AND SOUP KITCHEN. THE ASSOCIATION ALSO PROVIDES SUPPORT IN COMMUNITY DEVELOPMENT FOR LIVE JAZZ CONCERTS AND THE ANNUAL HARVEST FESTIVAL HELD IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn Greenidge Executive Director | Officer | 40 | $55,000 |
Alix Duroseau Jr Board Chairman | Trustee | 0.25 | $0 |
Charlene Joseph Treasurer | Trustee | 0.25 | $0 |
Sherrie Radin Board Member | Trustee | 0.25 | $0 |
Fred Leopold-Hooke Board Member | Trustee | 0.25 | $0 |
Sami Atallah Board Member | Trustee | 0.25 | $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 | $12,910 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,910 |
| Total Program Service Revenue | $252,000 |
| Investment income | $26 |
| 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 | $264,936 |
| 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. | $55,000 |
| Compensation of current officers, directors, key employees. | $27,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,905 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,177 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,742 |
| 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 | $0 |
| Insurance | $1,707 |
| All other expenses | $45,216 |
| Total functional expenses | $283,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $279,117 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $279,117 |
| Accounts payable and accrued expenses | $7,385 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $7,385 |
| Net assets without donor restrictions | $271,732 |
| 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 | $279,117 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sutphin Boulevard District Management Association Inc has recieved totaling $87,500.
| Awarding Organization | Amount |
|---|---|
New York City Business Assistance Corporation New York, NY PURPOSE: BID challenge | $87,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
43north Bpc Inc Buffalo, NY | $13,425,800 | $3,001,464 |
Grameen America Inc Jackson Heights, NY | $237,127,552 | $50,248,348 |
Harristown Development Corporation Harrisburg, PA | $29,766,695 | $19,028,512 |
Homestart Inc Boston, MA | $5,713,584 | $14,864,192 |
The Community Action Agency Of Western Connecticut Inc Danbury, CT | $3,614,776 | $12,103,732 |
Massachusetts Manufacturing Extension Partnership Inc Auburn, MA | $5,456,400 | $10,807,956 |
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 |