Downtown Brooklyn Partnership Holdings Inc
- Assets
- $4.5m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 7
- Location
- Brooklyn, NY
- Founding
- Data as of
- 06/2023
- EIN
- 86-3574660
Organization Overview
Downtown Brooklyn Partnership Holdings Inc is located in Brooklyn, NY. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Downtown Brooklyn Partnership Holdings Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Brooklyn Partnership Holdings Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 06/2023, Downtown Brooklyn Partnership Holdings Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $705.7k during the year ending 06/2023. While expenses have increased by 1.0% per year over the past 2 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL SUPPORT TO DOWNTOWN BROOKLYN PARTNERSHIP,INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO HOLD TITLE TO THE REAL PROPERTY, TO BE LEASED TO OR OTHEWISE OCCUPIED BY VARIOUS NOT-FOR-PROFIT CORPORATIONS AND COMMUNITY ORGANIZATIONS AS AFFORDABLE ADMINISTRATIVE OFFICES AND ANCILLARY USES THERETO AND FOR CULTURAL, EDUCATIONAL, ARTISTIC OR RECREATIONAL CAUSES OR USES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ofer Cohen Chair | OfficerTrustee | 1 | $0 |
Jelena Kovacevic Vice Chair | OfficerTrustee | 1 | $0 |
Alireza Esmaeilzadeh Treasurer | OfficerTrustee | 1 | $0 |
Jared Della Valle Secretary | OfficerTrustee | 1 | $0 |
Regina Myer President & Director | OfficerTrustee | 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 | $1,038,444 |
| 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 | $1,038,444 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $175,662 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,651 |
| Payroll taxes | $28,789 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,448 |
| Fees for services: Accounting | $4,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,187 |
| Advertising and promotion | $0 |
| Office expenses | $9,200 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $108,720 |
| 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 | $121,450 |
| Insurance | $6,035 |
| All other expenses | $0 |
| Total functional expenses | $705,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $990,668 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,826 |
| 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 | $93,635 |
| Net Land, buildings, and equipment | $3,399,823 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,218 |
| Total assets | $4,537,170 |
| Accounts payable and accrued expenses | $41,600 |
| Grants payable | $0 |
| Deferred revenue | $50,441 |
| 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 | $202,443 |
| Total liabilities | $294,484 |
| Net assets without donor restrictions | $4,242,686 |
| 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 | $4,537,170 |