Civic Intelligence

Fashion Center District Management Association Inc.

990 • Fiscal year 2015 • EIN 13-3718607

Jul 01, 2014 to Jun 30, 2015 • Filed on May 11, 2016

209 West 38th Street No 2flNew York, NY 10018

(212) 764-9600

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

37th percentile

0.08x

Higher debt load relative to assets than 37% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

18th percentile

0.04x

Higher debt load relative to revenue than 18% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

73rd percentile

13%

Higher net margin than 73% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

87th percentile

$276,366

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

90th percentile

36%

Faster asset growth than 90% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

45th percentile

1.9%

Faster revenue growth than 45% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Up

$3,676,387

Up $974,818 (+36%) from 2014

Net Assets

Up

$3,371,291

Up $1,069,965 (+46%) from 2014

Liabilities

Down

$305,096

Down $95,147 (-24%) from 2014

Revenue

Up

$8,027,002

Up $148,811 (+1.9%) from 2014

Expenses

Down

$6,957,037

Down $722,812 (-9.4%) from 2014

Net Income

Up

$1,069,965

Up $871,623 (+439%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $2,329,366Liabilities 2010: $325,168Net Assets 2010: $2,004,1982010Assets 2011: $2,913,900Liabilities 2011: $342,218Net Assets 2011: $2,571,6822011Assets 2012: $2,967,866Liabilities 2012: $310,181Net Assets 2012: $2,657,6852012Assets 2013: $2,455,747Liabilities 2013: $352,763Net Assets 2013: $2,102,9842013Assets 2014: $2,701,569Liabilities 2014: $400,243Net Assets 2014: $2,301,3262014Assets 2015: $3,676,387Liabilities 2015: $305,096Net Assets 2015: $3,371,2912015Assets 2016: $4,826,149Liabilities 2016: $307,522Net Assets 2016: $4,518,6272016Assets 2017: $5,015,652Liabilities 2017: $226,472Net Assets 2017: $4,789,1802017Assets 2018: $5,094,909Liabilities 2018: $297,511Net Assets 2018: $4,797,3982018Assets 2019: $4,903,914Liabilities 2019: $338,503Net Assets 2019: $4,565,4112019Assets 2020: $6,844,578Liabilities 2020: $427,767Net Assets 2020: $6,416,8112020Assets 2021: $9,874,797Liabilities 2021: $853,295Net Assets 2021: $9,021,5022021Assets 2022: $11,582,928Liabilities 2022: $881,849Net Assets 2022: $10,701,0792022Assets 2023: $14,150,092Liabilities 2023: $2,233,731Net Assets 2023: $11,916,3612023Assets 2024: $14,945,172Liabilities 2024: $1,912,152Net Assets 2024: $13,033,0202024Assets 2025: $15,005,286Liabilities 2025: $1,617,484Net Assets 2025: $13,387,8022025

Highlighted filing

2015

Assets$3,676,387
Liabilities$305,096
Net Assets$3,371,291

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $5,252,3372010Expenses 2011: $5,291,8522011Expenses 2012: $5,708,7032012Revenue 2013: $5,767,033Expenses 2013: $6,321,684Net Income 2013: -$554,6512013Revenue 2014: $7,878,191Expenses 2014: $7,679,849Net Income 2014: $198,3422014Revenue 2015: $8,027,002Expenses 2015: $6,957,037Net Income 2015: $1,069,9652015Revenue 2016: $7,934,021Expenses 2016: $6,786,823Net Income 2016: $1,147,1982016Revenue 2017: $8,008,860Expenses 2017: $7,739,825Net Income 2017: $269,0352017Revenue 2018: $9,009,607Expenses 2018: $9,001,389Net Income 2018: $8,2182018Revenue 2019: $8,985,893Expenses 2019: $9,217,880Net Income 2019: -$231,9872019Revenue 2020: $11,020,496Expenses 2020: $9,169,096Net Income 2020: $1,851,4002020Revenue 2021: $13,033,775Expenses 2021: $10,429,084Net Income 2021: $2,604,6912021Revenue 2022: $13,007,839Expenses 2022: $11,328,262Net Income 2022: $1,679,5772022Revenue 2023: $13,048,061Expenses 2023: $11,917,673Net Income 2023: $1,130,3882023Revenue 2024: $13,323,659Expenses 2024: $12,207,000Net Income 2024: $1,116,6592024Revenue 2025: $13,285,909Expenses 2025: $12,931,127Net Income 2025: $354,7822025

Highlighted filing

2015

Revenue$8,027,002
Expenses$6,957,037
Net Income$1,069,965
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 11, 2016
Return Version
2014v6.0
Gross Receipts
$8,027,002
Mission and Program Overview

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 business improvement district.

Vitality and economic growth within the fashion center by providing supplemental services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,838,285$2,278,695▲ $440,410
Savings and Temporary Cash Investments$592,252$1,095,113▲ $502,861
Accounts Receivable$8,300$125,900▲ $117,600
Land, Buildings, and Equipment, Net$174,483$98,843▼ $75,640
Prepaid Expenses and Deferred Charges$88,249$77,836▼ $10,413
Total Assets$2,701,569$3,676,387▲ $974,818
Liabilities
Accounts Payable and Accrued Expenses$341,214$267,576▼ $73,638
Other Liabilities$59,029$37,520▼ $21,509
Total Liabilities$400,243$305,096▼ $95,147
Net Assets / Fund Balance
Unrestricted Net Assets$2,301,326$3,371,291▲ $1,069,965
Total Net Assets Fund Balance$2,301,326$3,371,291▲ $1,069,965
Total Liabilities and Net Assets / Fund Balance$2,701,569$3,676,387▲ $974,818

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$98,423$626,961$725,384
Equipment$420$74,502$74,922
Other Land Buildings$0$11,616$11,616
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Barbara RandallPresidentFT$238,167$38,199$276,366
Gerald ScuppAssociateFT$163,120$37,065$200,185
Rocco PanicoOperationsFT$106,744$3,562$110,306

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Gps Industries INCLandscaping67 JOHN STREET, Babylon, NY 11702$452,249
Hub Electrical INCElectrical247 WEST 38TH STREET, New York, NY 10018$378,789
Get Real SurfacesContracting143 WEST 29TH STREET, New York, NY 10001$125,829
World StudioCommunications1239 BROADWAY, New York, NY 10001$109,765
City 1 Maintenance INCMaintenance98 4TH STREET ROOM 313, Brooklyn, NY 11231$106,108
Revenue and Support

Revenue Composition

Contributions and Grants
$5,000
Program Service Revenue
$8,019,390
Investment Income
$2,612
Other Revenue
$0
Change in Net Assets
$1,069,965

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,027,002
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$8,027,002
Total Revenue per Form 990
$8,027,002
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,537,679
Other Expenses$2,419,358
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,622,100$244,203-$2,866,303
Other Employee Benefits$685,857$41,380-$727,237
Current Officers, Directors, Trustees, and Key Employees$392,370$36,543-$428,913
Payroll Taxes$386,851$36,030-$422,881
Occupancy-$255,804-$255,804
Fees for Services Other$236,904--$236,904
Insurance$156,910$37,663-$194,573
Other Expenses$172,267$133,716-$172,267
Pension Plan Contributions$78,880$13,465-$92,345
All Other Expenses$47,706$29,233-$76,939
Depreciation Depletion-$75,640-$75,640
Information Technology$52,975--$52,975
Office Expenses-$38,928-$38,928
Fees for Services Accounting-$26,300-$26,300
Fees for Services Lobbying-$6,446-$6,446
Fees for Services Legal-$5,621-$5,621
Total Functional Expenses$5,976,065$980,972$0$6,957,037

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,957,037
Total Expenses per Audited Statements$6,957,037
Total Expenses per Form 990$6,957,037
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Board RepresentationOffice Space - Organization Leases Office Space From an Entity Related to a Boardmember.No$258,638
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$32,520
Security Deposits Payable$5,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Property owners, commercial tenants & residents are eligible for free membership in the organization by filling out a registration card or form.

Form 990, Part VI, Section A, Line 7A

Registered members elect the board of directors at the organizations annual meeting.

Form 990, Part VI, Section B, Line 11

The 990 has been reviewed by a group of persons authorized to review financial and audit matters prior to filing. The final 990 (filed with the irs) will be available at the next meeting of the board for inspection. In addition, upon request of any boardmember, a copy will be provided. If there are any material changes, an amended 990 will be filed.

Form 990, Part VI, Section B, Line 12C

The organization enforces the conflict of interest policy by monitoring known relationships, bi-annual questionnaires, and noting any changes in disclosed information. Any conflict is reviewed by the board before a decision is made as to whether to approve the transaction.

Form 990, Part VI, Section B, Line 15

This review includes researching guidestar, 990s, ny non-profit network annual salary survey, phone calls to other organizations to collect data.

Form 990, Part VI, Section C, Line 19

Financial statements are available on the organization's website, other documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Fashion Center District Management Assoc
EIN
13-3718607
Phone
2127649600
Address
209 WEST 38TH STREET NO 2FL, NEW YORK, NY 10018
Doing Business As
Garment District Alliance

Signing Officer

Name
Barbara Randall
Title
President
Phone
2127649600
Signed
2016-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barbara Randall
Formed
1993
Legal Domicile
Ny
Voting Board Members
36
Independent Board Members
35
Employees
82
Volunteers
0

Preparer

Firm
Skody Scot & Co Cpas Pc
Address
520 EIGHTH AVE SUITE 2200, NEW YORK, NY 10018
Preparer
William Skody
Phone
2129671100
Raw XML AppendixShowing 400 of 781 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt320
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt330
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt340
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt350
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IRS990/Form990PartVIISectionAGrp/PersonNm1DANA COMFORT
IRS990/Form990PartVIISectionAGrp/PersonNm2ERIC GURAL
IRS990/Form990PartVIISectionAGrp/PersonNm3ANDY UDIS
IRS990/Form990PartVIISectionAGrp/PersonNm4JAMES BUSLIK
IRS990/Form990PartVIISectionAGrp/PersonNm5THOMAS BLOCK
IRS990/Form990PartVIISectionAGrp/PersonNm6BRIAN ROBIN
IRS990/Form990PartVIISectionAGrp/PersonNm7PETER MALKIN
IRS990/Form990PartVIISectionAGrp/PersonNm8IRA FISHMAN
IRS990/Form990PartVIISectionAGrp/PersonNm9WILLIAM WALTHER
IRS990/Form990PartVIISectionAGrp/PersonNm10DAVID PICKET
IRS990/Form990PartVIISectionAGrp/PersonNm11SCOTT HANDLER
IRS990/Form990PartVIISectionAGrp/PersonNm12ABRAHAM HIDARY
IRS990/Form990PartVIISectionAGrp/PersonNm13MARC BENGUALID
IRS990/Form990PartVIISectionAGrp/PersonNm14STEVE KAUFMAN
IRS990/Form990PartVIISectionAGrp/PersonNm15ARTHUR MCGINLEY
IRS990/Form990PartVIISectionAGrp/PersonNm16DANIEL BREIMAN
IRS990/Form990PartVIISectionAGrp/PersonNm17STEVE NAPOLITANO
IRS990/Form990PartVIISectionAGrp/PersonNm18WILLIAM M SILVERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm19ROBERT SAVITT
IRS990/Form990PartVIISectionAGrp/PersonNm20HARVE SCHUSTER
IRS990/Form990PartVIISectionAGrp/PersonNm21MARC WEIDER
IRS990/Form990PartVIISectionAGrp/PersonNm22VIRGINIA LOULOUDES
IRS990/Form990PartVIISectionAGrp/PersonNm23DENNIS BYRNE
IRS990/Form990PartVIISectionAGrp/PersonNm24DAVID J ILLIES
IRS990/Form990PartVIISectionAGrp/PersonNm25JENNIFER ROTA
IRS990/Form990PartVIISectionAGrp/PersonNm26JONATHAN COUN
IRS990/Form990PartVIISectionAGrp/PersonNm27DAVID BOEHM
IRS990/Form990PartVIISectionAGrp/PersonNm28MANYA DUHOFFMAN
IRS990/Form990PartVIISectionAGrp/PersonNm29NICHOLAS COHEN
IRS990/Form990PartVIISectionAGrp/PersonNm30KONSTANTINOS DEAN DAFIS
IRS990/Form990PartVIISectionAGrp/PersonNm31BILL DE BLASIO
IRS990/Form990PartVIISectionAGrp/PersonNm32SCOTT M STRINGER
IRS990/Form990PartVIISectionAGrp/PersonNm33GALE BREWER
IRS990/Form990PartVIISectionAGrp/PersonNm34DAN GARODNICK
IRS990/Form990PartVIISectionAGrp/PersonNm35COREY JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm36BARBARA RANDALL
IRS990/Form990PartVIISectionAGrp/PersonNm37GERALD SCUPP
IRS990/Form990PartVIISectionAGrp/PersonNm38ROCCO PANICO
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt310
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt320
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt330
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt32DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt33DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt34DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt35DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt36PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt37ASSOCIATE
IRS990/Form990PartVIISectionAGrp/TitleTxt38OPERATIONS
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01993
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt036

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.0$1.62$13.4$13.3$12.9$0.35
2024Detailed filing. Detailed filing data is available for this year.$14.9$1.91$13.0$13.3$12.2$1.12
2023Detailed filing. Detailed filing data is available for this year.$14.2$2.23$11.9$13.0$11.9$1.13
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.6$0.88$10.7$13.0$11.3$1.68
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.87$0.85$9.02$13.0$10.4$2.60
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.84$0.43$6.42$11.0$9.17$1.85
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.90$0.34$4.57$8.99$9.22$0.23
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.09$0.30$4.80$9.01$9.00$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.02$0.23$4.79$8.01$7.74$0.27
2016Detailed filing. Detailed filing data is available for this year.$4.83$0.31$4.52$7.93$6.79$1.15
2015Detailed filing. Detailed filing data is available for this year.$3.68$0.31$3.37$8.03$6.96$1.07
2014Detailed filing. Detailed filing data is available for this year.$2.70$0.40$2.30$7.88$7.68$0.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.46$0.35$2.10$5.77$6.32$0.55
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.97$0.31$2.66$5.71
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.91$0.34$2.57$5.29
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.33$0.33$2.00$5.25
Peer Organizations

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