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Nonprofiteer
← BELMONT DISTRICT MANAGEMENT ASSOCIATION INC

Form 990 for tax year 2023

Filed by BELMONT DISTRICT MANAGEMENT ASSOCIATION INC.

Totals

Total revenue
$686,935
Total expenses
$675,083
Contributions and grants received
$186,571
Grants paid
$19,235
Program service revenue
$494,748
Investment income
$5,616
Other revenue
$0
Total assets, end of year
$891,469
Total liabilities, end of year
$362,036
Net assets or fund balances, end of year
$529,433
Program services expenses (Part IX)
$550,003
Management and general expenses
$125,080
Fundraising expenses
$0
Program service expenses (Part III)
$550,003

Program services were 81.5% 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.

  • 1e · Government grants (contributions)

    $115,000

  • 1f · All other contributions, gifts and grants

    $71,571

  • 2a · Program service revenue: BID ASSESSMENTS

    total $440,000 · related or exempt $440,000

  • 2b · Program service revenue: PROGRAM SERVICE REVENUE

    total $54,748 · related or exempt $54,748

  • 3 · Investment income

    total $5,616 · excluded $5,616

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $19,235 · program services $19,235

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $89,154 · program services $53,493 · management and general $35,661

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $62,302 · program services $61,679 · management and general $623

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $12,104 · program services $9,319 · management and general $2,785

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $7,530 · management and general $7,530

  • 11c · Fees: accounting

    total $14,240 · management and general $14,240

  • 11d · Fees: lobbying

    total $24,050 · program services $24,050

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $97,678 · program services $97,678

  • 13 · Office expenses

    total $9,523 · management and general $9,523

  • 14 · Information technology

    total $4,651 · management and general $4,651

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $41,303 · management and general $41,303

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $1,608 · management and general $1,608

  • 23 · Insurance

    total $4,157 · management and general $4,157

  • 24a · Other expenses: HOLIDAY LIGHTS

    total $33,875 · program services $33,875

  • 24b · Other expenses: SECURITY SERVICES

    total $77,808 · program services $77,808

  • 24c · Other expenses: SANITATION

    total $113,899 · program services $113,899

  • 24d · Other expenses: EVENT COSTS

    total $56,263 · program services $56,263

  • 24e · All other expenses

    total $5,703 · program services $2,704 · management and general $2,999

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $698,449 · end of year $668,877

  • 4 · Accounts receivable

    beginning of year $39,258 · end of year $80,458

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,580 · end of year $14,993

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

    $24,491

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

    $24,291

  • 10c · Land, buildings and equipment, net

    beginning of year $1,808 · end of year $200

  • 14 · Intangible assets

    beginning of year $150,220 · end of year $123,941

  • 15 · Other assets

    beginning of year $3,000 · end of year $3,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,765 · end of year $13,808

  • 19 · Deferred revenue

    beginning of year $220,000 · end of year $220,900

  • 25 · Other liabilities

    beginning of year $150,969 · end of year $127,328

  • 27 · Net assets without donor restrictions

    beginning of year $517,581 · end of year $529,433

Mission and programs · 2023

Mission

THE MISSION OF BELMONT DMA IS TO PROMOTE EXPAND THE ECONOMIC WELL BEING OF THE BUSINESS COMMUNITY THE COMMUNITY AT LARGE, BY PROMOTION OF THE LITTLE ITALY IN THE BRONX BRAND, STRONG ETHNIC HERITAGE LEADERSHIP IN THE CULINARY MARKETPLACE, BY LEVERAGING THE MERCANTILE, SOCIAL, POLITICAL CULTURAL ASSETS WITHIN AROUND THE COMMUNITY.

Activities or mission (Part I)

PROMOTING THE BUSINESS IMPROVEMENT DISTRICT. BELMONT DMAS FOCUS AREAS ARE SANITATION, SECURITY, MARKETING AND PROMOTION, CULTURAL PROGRAMMING AND STREETSCAPE IMPROVEMENTS.

  • MARKETING AND PROMOTION SERVICES INCLUDE PROMOTING AND EXPANDING THE ECONOMIC WELLBEING OF THE BUSINESS COMMUNITY, AND THE COMMUNITY AT LARGE, BY PROMOTION OF THE LITTLE ITALY IN THE BRONX BRAND, OUR STRONG ETHNIC HERITAGE, AND LEADERSHIP IN THE CULINARY MARKETPLACE, AND BY LEVERAGING THE MERCANTILE, SOCIAL, POLITICAL AND CULTURAL ASSETS WITHIN AND AROUND THE COMMUNITY.

    Expenses $279,309

  • SECURITY SERVICES INCLUDE UNARMED SECURITY GUARD FOOT PATROL OF THE DISTRICT, MONITORING SECURITY CAMERAS AND WORKING WITH THE LOCAL 48TH PRECINCT ON SAFETY, SECURITY, AND QUALITY OF LIFE ISSUES.

    Expenses $137,702

  • SANITATION SERVICES INCLUDE CLEANING OF THE SIDEWALKS, TREE PITS, FIRE HYDRANTS AND GUTTER 18 INCHES INTO THE STREET, EMPTYING AND RE-LINING OF THE TRASH RECEPTACLES, REMOVAL OF POSTERS AND GRAFFITI FROM STREET FURNITURE, AND SNOW REMOVAL FROM CATCH BASIN, CROSS WALKS, INTERSECTIONS, AND FIRE HYDRANTS WITHIN THE DISTRICT.

    Expenses $132,992

As filed on the 2023 return.

Listed in Part VII

  • Alyssa Tucker

    EXECUTIVE DIRECTOR

    Total calculated
    $85,000
    From this org
    $85,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Anthony Artuso

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ralph Balancio

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Joe Clarke

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Maria Costanzo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Scott Frankland

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • David Rose

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Edward Teitel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Eliza Jacobson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Marshall Strawbridge

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Greer Mayhew

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Theona Reets

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Peter Madonia

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Richard Liberatore

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Frank Franz

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Celeste Calabro

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

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

Provenance

Return type
form_990
Tax year
2023
Filed
11 December 2024
IRS schema version
2023v5.1
Source object
202403489349300335

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