Greenway Business Improvement District Corporation
- Assets
- $559.5k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 04/2019
- Data as of
- 06/2024
- EIN
- 83-1360746
Organization Overview
Greenway Business Improvement District Corporation is located in Boston, MA. The organization was established in 2019. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Greenway Business Improvement District Corporation 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 06/2024, Greenway Business Improvement District Corporation generated $2.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $2.0m during the year ending 06/2024. While expenses have increased by 2.7% per year over the past 6 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
GREENWAY BID FACILITATES THE MAINTENANCE, OPERATIONS, AND ENHANCEMENTS OF THE ROSE F. KENNEDY GREENWAY PARK (THE "GREENWAY") TO ENSURE THAT THE GREENWAY IS AND REMAINS A FIRST-CLASS PARK EQUITABLY ACCESSIBLE TO A DIVERSE RANGE OF BOSTON RESIDENTS AND VISITORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GREENWAY BID WAS INCORPORATED WITH THE SPECIFIC MISSION TO (1) FACILITATE THE MAINTENANCE, OPERATIONS, AND ENHANCEMENTS OF THE ROSE F. KENNEDY GREENWAY PARK ("GREENWAY") ENSURING THAT THE GREENWAY IS AND REMAINS A FIRST-CLASS PARK EQUITABLY ACCESSIBLE TO A DIVERSE RANGE OF BOSTON RESIDENTS AND VISITORS, (2) ENHANCE AND IMPROVE THE OVERALL EXPERIENCE FOR EVERYONE WHO WORKS OR LIVES IN THE BUSINESS IMPROVEMENT DISTRICT ("DISTRICT") OR VISITS THE GREENWAY, (3) DEVELOP ATTRACTIVE BUSINESS CONDITIONS THROUGHOUT THE DISTRICT, AND (4) PRESERVE AND ENHANCE PROPERTY VALUES THROUGH THE DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Dimino Executive Director | Officer | 4 | $0 |
Steve Faber Chair | OfficerTrustee | 1 | $0 |
Don Chiofaro Jr Vice Chair | OfficerTrustee | 1 | $0 |
Jack Clark Treasurer | OfficerTrustee | 1 | $0 |
Nate Hamilton Clerk | OfficerTrustee | 1 | $0 |
Dana Warren Director | Trustee | 1 | $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 | $1,991,054 |
| Investment income | $611 |
| 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 | $1,991,665 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,800,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $25,930 |
| Fees for services: Legal | $1,000 |
| Fees for services: Accounting | $29,454 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $119,675 |
| Advertising and promotion | $0 |
| Office expenses | $4,026 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $3,216 |
| All other expenses | $0 |
| Total functional expenses | $1,983,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $557,340 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,206 |
| 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 | $559,546 |
| Accounts payable and accrued expenses | $25,887 |
| 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 | $372,295 |
| Total liabilities | $398,182 |
| Net assets without donor restrictions | $161,364 |
| 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 | $559,546 |