Form 990 for tax year 2024
Filed by WASHINGTON HGTS BUSINESS IMPROVEMENT DIST MGMENT ASSOC INC.
Totals
- Total revenue
- $697,916
- Total expenses
- $756,756
- Contributions and grants received
- $660,116
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $37,800
- Total assets, end of year
- $138,824
- Total liabilities, end of year
- $117,131
- Net assets or fund balances, end of year
- $21,693
- Program services expenses (Part IX)
- $686,484
- Management and general expenses
- $62,935
- Fundraising expenses
- $7,337
- Program service expenses (Part III)
- $686,484
Program services were 90.7% 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)
$517,422
-
1f · All other contributions, gifts and grants
$142,694
-
6a · Gross rents
real property $37,800
-
6c · Rental income or loss
real property $37,800
-
6d · Net rental income or loss
total $37,800 · related or exempt $37,800
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $115,917 · program services $91,111 · management and general $21,792 · fundraising $3,014
-
7 · Other salaries and wages
total $31,866 · program services $25,047 · management and general $5,991 · fundraising $828
-
9 · Other employee benefits
total $10,563 · program services $8,302 · management and general $1,986 · fundraising $275
-
10 · Payroll taxes
total $11,611 · program services $9,126 · management and general $2,183 · fundraising $302
-
11c · Fees: accounting
total $15,200 · program services $12,570 · management and general $2,630
-
11g · Fees: other
total $20,080 · program services $16,606 · management and general $3,474
-
12 · Advertising and promotion
total $25,453 · program services $25,453
-
13 · Office expenses
total $9,899 · program services $7,782 · management and general $1,860 · fundraising $257
-
14 · Information technology
total $2,640 · program services $2,075 · management and general $496 · fundraising $69
-
16 · Occupancy
total $78,606 · program services $61,784 · management and general $14,778 · fundraising $2,044
-
17 · Travel
total $601 · program services $472 · management and general $113 · fundraising $16
-
19 · Conferences, conventions and meetings
total $4,000 · program services $3,600 · management and general $400
-
22 · Depreciation, depletion and amortization
total $3,382 · management and general $3,382
-
23 · Insurance
total $15,594 · program services $12,257 · management and general $2,932 · fundraising $405
-
24a · Other expenses: Holiday Lights
total $27,248 · program services $27,248
-
24b · Other expenses: Bank fees
total $42 · program services $42
-
24c · Other expenses: Sanitation
total $379,173 · program services $379,173
-
24d · Other expenses: Payroll processing
total $4,881 · program services $3,836 · management and general $918 · fundraising $127
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $110,958 · end of year $1,537
-
3 · Pledges and grants receivable
beginning of year $23,900 · end of year $114,395
-
9 · Prepaid expenses and deferred charges
beginning of year $4,790 · end of year $5,028
-
10a · Land, buildings and equipment: cost or other basis
$194,385
-
10b · Land, buildings and equipment: accumulated depreciation
$187,011
-
10c · Land, buildings and equipment, net
beginning of year $10,755 · end of year $7,374
-
15 · Other assets
beginning of year $10,490 · end of year $10,490
-
17 · Accounts payable and accrued expenses
beginning of year $15,360 · end of year $52,131
-
18 · Grants payable
beginning of year $65,000 · end of year $65,000
-
27 · Net assets without donor restrictions
beginning of year $63,764 · end of year -$6,707
-
28 · Net assets with donor restrictions
beginning of year $16,769 · end of year $28,400
Mission and programs · 2024
Mission
Economic development
-
The Washington Heights Business Improvement District Management Association Inc. coordinates a business improvement district. Program elements include marketing, sanitation and programs that enhance the commercial district.
Expenses $686,484
As filed on the 2024 return.
Listed in Part VII
-
Isidro Medina
Executive Director
- Total calculated
- $115,917
- From this org
- $115,917
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Peter Skeadas
Member
- Total calculated
- $0
- Hours/week
- 2
-
Francisco Fernandez
Member
- Total calculated
- $0
- Hours/week
- 2
-
Charles Chera
Member
- Total calculated
- $0
- Hours/week
- 2
-
Chris Ventura
Member
- Total calculated
- $0
- Hours/week
- 2
-
David Ford
Member
- Total calculated
- $0
- Hours/week
- 2
-
Rafael Fernandez
Member
- Total calculated
- $0
- Hours/week
- 2
-
Douglas Calderon
Member
- Total calculated
- $0
- Hours/week
- 2
-
Luis Iglesisas
Member
- Total calculated
- $0
- Hours/week
- 2
-
Mayor Eric Adams
Member
- Total calculated
- $0
- Hours/week
- 2
-
Hon Scott Stringer
Member
- Total calculated
- $0
- Hours/week
- 2
-
Hon Ydanis Rodriguez
Member
- Total calculated
- $0
- Hours/week
- 2
-
Hon Gale Brewer
Member
- Total calculated
- $0
- Hours/week
- 2
-
Joseph Lorenzo
Member
- Total calculated
- $0
- Hours/week
- 2
-
Rey Polanco
Member
- Total calculated
- $0
- Hours/week
- 2
-
Myles Schwartz
Chairperson
- Total calculated
- $0
- Hours/week
- 2
-
Leslie Spira
Treasurer
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 31 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513429349300446
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