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Nonprofiteer
← FULTON MALL IMPROVEMENT ASSOC INC

Form 990 for tax year 2022

Filed by FULTON MALL IMPROVEMENT ASSOC INC.

Totals

Total revenue
$2,972,257
Total expenses
$2,666,348
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,972,089
Investment income
$168
Other revenue
$0
Total assets, end of year
$1,517,274
Total liabilities, end of year
$175,919
Net assets or fund balances, end of year
$1,341,355
Program services expenses (Part IX)
$2,138,175
Management and general expenses
$528,173
Fundraising expenses
$0
Program service expenses (Part III)
$2,138,175

Program services were 80.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: ASSESSMENT INCOME

    total $2,950,000 · related or exempt $2,950,000

  • 2b · Program service revenue: OTHER PROGRAM REVENUE

    total $16,313 · related or exempt $16,313

  • 2c · Program service revenue: PROGRAM SUBCONCESSION

    total $4,526 · related or exempt $4,526

  • 2d · Program service revenue: PROGRAM SPONSORSHIPS

    total $1,250 · related or exempt $1,250

  • 3 · Investment income

    total $168 · excluded $168

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $362,386 · program services $286,934 · management and general $75,452

  • 9 · Other employee benefits

    total $55,545 · program services $45,853 · management and general $9,692

  • 10 · Payroll taxes

    total $33,495 · program services $27,651 · management and general $5,844

  • 11b · Fees: legal

    total $15,361 · management and general $15,361

  • 11c · Fees: accounting

    total $17,750 · management and general $17,750

  • 11d · Fees: lobbying

    total $1,448 · management and general $1,448

  • 11g · Fees: other

    total $1,776,054 · program services $1,638,199 · management and general $137,855

  • 13 · Office expenses

    total $42,909 · program services $26,293 · management and general $16,616

  • 14 · Information technology

    total $22,424 · program services $15,542 · management and general $6,882

  • 16 · Occupancy

    total $87,391 · program services $61,655 · management and general $25,736

  • 22 · Depreciation, depletion and amortization

    total $13,767 · program services $13,588 · management and general $179

  • 23 · Insurance

    total $208,445 · management and general $208,445

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $25,703 · program services $22,437 · management and general $3,266

  • 24b · Other expenses: TRAVEL AND MEETINGS

    total $3,670 · program services $23 · management and general $3,647

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $366,683 · end of year $852,034

  • 2 · Savings and temporary cash investments

    beginning of year $523,908 · end of year $590,071

  • 3 · Pledges and grants receivable

    beginning of year $11,037 · end of year $2,901

  • 9 · Prepaid expenses and deferred charges

    beginning of year $97,052 · end of year $14,299

  • 10a · Land, buildings and equipment: cost or other basis

    $55,454

  • 10b · Land, buildings and equipment: accumulated depreciation

    $13,837

  • 10c · Land, buildings and equipment, net

    beginning of year $824 · end of year $41,617

  • 15 · Other assets

    beginning of year $265,224 · end of year $16,352

  • 17 · Accounts payable and accrued expenses

    beginning of year $225,282 · end of year $147,234

  • 25 · Other liabilities

    beginning of year $4,000 · end of year $28,685

  • 27 · Net assets without donor restrictions

    beginning of year $968,900 · end of year $1,275,361

  • 28 · Net assets with donor restrictions

    beginning of year $66,546 · end of year $65,994

Mission and programs · 2022

Mission

THE ORGANIZATION PROVIDES SUPPLEMENTAL SANITATION, PUBLIC SAFETY, STREETSCAPE IMPROVEMENT, VISITOR INFORMATION AND COMMERCIAL SUPPORT SERVICES TO PROPERTY OWNERS, BUSINESSES AND RESIDENTS OF AN AREA ESTABLISHED AS A SPECIAL ASSESSMENT DISTRICT.

Activities or mission (Part I)

PROMOTE THE VITALITY AND ECONOMIC GROWTH OF A SPECIAL ASSESSMENT DISTRICT LOCATED IN NYC.

  • PUBLIC SAFETY - PROVIDING INCREASED PUBLIC SECURITY THROUGH A COMBINATION OF UNIFORMED GUARDS AND A WORKING RELATIONSHIP WITH THE NEW YORK CITY POLICE DEPARTMENT.

    Expenses $634,554

  • PUBLIC SPACE - MAINTAINING CLEAN STREETS/CURBS, GARBAGE REMOVAL, AND SUPPLEMENTAL REPAIR AND MAINTENANCE OF SIDEWALKS, SIGNAGE AND PUBLIC FURNITURE AND FIXTURES.

    Expenses $1,292,697

  • MARKETING - PROMOTING THE DISTRICT TO RESIDENTS AND TOURISTS AND TO RETAIN AND DEVELOP PROSPECTIVE BUSINESSES.

    Expenses $210,924 · Revenue $22,089

As filed on the 2022 return.

Listed in Part VII

  • Albert Laboz

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Jeremy Hill

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Kasey Colander

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Alan Rosen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Ali Scott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Anthony Mazza

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Arvind Sindhwani

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Brian Ezra

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Calvin Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Daniel Abramson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Edward Cen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • George Silva

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Isaac Chera

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jeff Sutton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Lincoln Fritz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Lloyd Shulman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Chera

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Hirschhorn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Michelle Cadore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • William Jemal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Regina Myer

    ORG. MANAGER

    Total calculated
    $487,730
    From this org
    $0
    From related orgs
    $445,849
    Other
    $41,881
    Hours/week
    10 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $393,077 related
    Bonus
    $0 + $50,000 related
    Other
    $0 + $2,772 related
    Deferred
    $0 + $12,539 related
    Nontaxable benefits
    $0 + $29,342 related
    Filer's total
    $0 + $487,730 related

  • Scott Hobbs

    MANAGING DIRECTOR OF FINANCE (FORMER)

    Total calculated
    $93,000
    From this org
    $0
    From related orgs
    $91,644
    Other
    $1,356
    Hours/week
    45 + 10 related

  • Jennifer Tausig

    MANAGING DIRECTOR OF FINANCE

    Total calculated
    $71,516
    From this org
    $0
    From related orgs
    $65,265
    Other
    $6,251
    Hours/week
    45 + 10 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • DOWNTOWN BROOKLYN PARTNERSHIP INC

    501(C)(3) · REDEVELOPMENT PROJECTS AND THE ADMINISTRATION OF PROGRAMS AND SERVICES · NY

    Directly controlled by DOWNTOWN BROOKLYN PARTNERSHIP INC

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202441369349319584

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