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← DOWNTOWN BROOKLYN PARTNERSHIP HOLDINGS INC

Form 990 for tax year 2023

Filed by DOWNTOWN BROOKLYN PARTNERSHIP HOLDINGS INC.

Totals

Total revenue
$906,675
Total expenses
$747,819
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$901,553
Investment income
$5,122
Other revenue
$0
Total assets, end of year
$4,582,650
Total liabilities, end of year
$181,108
Net assets or fund balances, end of year
$4,401,542
Program services expenses (Part IX)
$608,134
Management and general expenses
$139,685
Fundraising expenses
$0
Program service expenses (Part III)
$608,134

Program services were 81.3% 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: CULTURAL OCCUPANCY

    total $737,023 · related or exempt $737,023

  • 2b · Program service revenue: PROGRAM SERVICE OTHER

    total $152,530 · related or exempt $152,530

  • 2c · Program service revenue: LICENSING FEES

    total $12,000 · related or exempt $12,000

  • 3 · Investment income

    total $5,122 · excluded $5,122

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $172,502 · program services $172,502

  • 9 · Other employee benefits

    total $30,636 · program services $30,636

  • 10 · Payroll taxes

    total $18,422 · program services $18,422

  • 11b · Fees: legal

    total $32,525 · management and general $32,525

  • 11c · Fees: accounting

    total $2,250 · management and general $2,250

  • 11g · Fees: other

    total $43,602 · program services $43,602

  • 13 · Office expenses

    total $98,377 · management and general $98,377

  • 14 · Information technology

    total $4,796 · management and general $4,796

  • 16 · Occupancy

    total $144,173 · program services $144,173

  • 22 · Depreciation, depletion and amortization

    total $121,874 · program services $121,874

  • 24a · Other expenses: MAINTENANCE & REPAIRS

    total $47,833 · program services $47,833

  • 24b · Other expenses: PROGRAM EXPENSE OTHER

    total $16,751 · program services $16,751

  • 24c · Other expenses: PAYROLL FEES

    total $7,423 · program services $7,423

  • 24d · Other expenses: ADMINISTRATION EXP.

    total $4,918 · program services $4,918

  • 24e · All other expenses

    total $1,737 · management and general $1,737

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $990,668 · end of year $612,121

  • 2 · Savings and temporary cash investments

    end of year $508,689

  • 4 · Accounts receivable

    beginning of year $18,826 · end of year $68,753

  • 9 · Prepaid expenses and deferred charges

    beginning of year $93,635 · end of year $90,690

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

    $3,645,547

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

    $364,774

  • 10c · Land, buildings and equipment, net

    beginning of year $3,399,823 · end of year $3,280,773

  • 15 · Other assets

    beginning of year $34,218 · end of year $21,624

  • 17 · Accounts payable and accrued expenses

    beginning of year $41,600 · end of year $10,494

  • 19 · Deferred revenue

    beginning of year $50,441 · end of year $1,697

  • 25 · Other liabilities

    beginning of year $202,443 · end of year $168,917

  • 27 · Net assets without donor restrictions

    beginning of year $4,242,686 · end of year $4,401,542

Mission and programs · 2023

Mission

TO PROVIDE FINANCIAL SUPPORT TO DOWNTOWN BROOKLYN PARTNERSHIP,INC. A NON-FOR-PROFIT ORGANIZATION THAT PROMOTES ECONOMIC GROWTH AND IMPROVE LOCAL BUSINESS CONDITIONS AND QUALITY OF LIFE.

Activities or mission (Part I)

TO PROVIDE FINANCIAL SUPPORT TO DOWNTOWN BROOKLYN PARTNERSHIP,INC.

  • TO HOLD TITLE TO THE REAL PROPERTY, TO BE LEASED TO OR OTHERWISE 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.

    Expenses $608,134 · Revenue $901,553

As filed on the 2023 return.

Listed in Part VII

  • Regina Myer

    PRESIDENT & DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jared Della Valle

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Alireza Esmaeilzadeh

    TREASURER

    Total calculated
    $0
    Hours/week
    1

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.

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

    501(C)(3) · AN ECONOMIC DEVELOPMENT ORGANIZATION FOR DOWNTOWN BROOKLYN. · NY

    Directly controlled by DOWNTOWN BROOKLYN PARTNERSHIP

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202511359349318561

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