Civic Intelligence

Lark Street Area District

EIN 14-1789430 • 501(c)3 • Albany, NY

Profile

To operate a comprehensive business improvement program.

200 Washington AvenueAlbany, NY 12210

www.larkstreet.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

67th percentile

0.01x

Higher debt load relative to assets than 67% of similar nonprofits.

NTEE S • <$500k nonprofits • Source year 2022

Liabilities / Revenue

63rd percentile

0.00x

Higher debt load relative to revenue than 63% of similar nonprofits.

NTEE S • <$500k nonprofits • Source year 2022

Net Margin

16th percentile

-25%

Higher net margin than 16% of similar nonprofits.

NTEE S • <$500k nonprofits • Source year 2022

Top Officer Pay

93rd percentile

$39,500

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 36.2% of source-year revenue.

NTEE S • <$500k nonprofits • Source year 2022

Asset Growth

14th percentile

-46%

Faster asset growth than 14% of similar nonprofits.

NTEE S • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

26th percentile

-27%

Faster revenue growth than 26% of similar nonprofits.

NTEE S • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$29,106

Down $24,718 (-46%) from 2021

Liabilities

Down

$400

Down $2,701 (-87%) from 2021

Net Assets

Down

$28,706

Down $22,017 (-43%) from 2021

Revenue

Down

$109,190

Down $39,574 (-27%) from 2021

Expenses

Up

$136,263

Up $20,318 (+18%) from 2021

Net Income

Down

-$27,073

Down $59,892 (-182%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0-$100KAssets 2011: $137,424Liabilities 2011: $206,678Net Assets 2011: -$69,2542011Assets 2012: $140,614Liabilities 2012: $185,883Net Assets 2012: -$45,2692012Assets 2013: $25,291Liabilities 2013: $12,6312013Assets 2015: $84,873Liabilities 2015: $12,4702015Assets 2017: $36,878Liabilities 2017: $6,5702017Assets 2018: $41,386Liabilities 2018: $1,664Net Assets 2018: $39,7222018Assets 2019: $42,458Liabilities 2019: $7,185Net Assets 2019: $35,2732019Assets 2020: $25,696Liabilities 2020: $7,792Net Assets 2020: $17,9042020Assets 2021: $53,824Liabilities 2021: $3,101Net Assets 2021: $50,7232021Assets 2022: $29,106Liabilities 2022: $400Net Assets 2022: $28,7062022

Highlighted filing

2022

Assets$29,106
Liabilities$400
Net Assets$28,706

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100KRevenue 2011: $181,272Expenses 2011: $171,898Net Income 2011: $9,3742011Revenue 2012: $172,515Expenses 2012: $148,530Net Income 2012: $23,9852012Revenue 2013: $146,692Expenses 2013: $88,763Net Income 2013: $57,9292013Revenue 2015: $131,951Expenses 2015: $94,146Net Income 2015: $37,8052015Revenue 2017: $122,935Expenses 2017: $118,059Net Income 2017: $4,8762017Revenue 2018: $142,988Expenses 2018: $133,574Net Income 2018: $9,4142018Revenue 2019: $148,963Expenses 2019: $153,412Net Income 2019: -$4,4492019Revenue 2020: $105,157Expenses 2020: $122,526Net Income 2020: -$17,3692020Revenue 2021: $148,764Expenses 2021: $115,945Net Income 2021: $32,8192021Revenue 2022: $109,190Expenses 2022: $136,263Net Income 2022: -$27,0732022

Highlighted filing

2022

Revenue$109,190
Expenses$136,263
Net Income-$27,073

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jan 23, 2023
Return Version
2022v5.0
Gross Receipts
$142,529
Mission and Program Overview

Mission

To operate a comprehensive business improvement program.

Program Services

DescriptionGrantsExpenses
ADMINISTRATIVE,MARKETING,BUSINESS RECRUITMENT AND RETENTION,SPECIAL EVENTS, PROJECT DEVELOPMENT, AND PUBLIC RELATIONS AND IMPROVEMENTS IN THE LARK STREET AREA BUSINESS IMPROVEMENT DISTRICT.-$134,097
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
SHAUNA COLLINSExec DirectoPT$39,500-$39,500
JENNIFER MILLERActing Chair-$0--
DARIUS SHAHINFARTreasurer-$0--
EMMA FULLEMSecretary-$0--
DEANA DATRIBoard Member-$0--
NICHOLAS WARCHOLBoard Member-$0--
RICHARD CONTIBoard Member-$0--
JUSTIN KOBoard Member-$0--
SUSAN PEDOBoard Member-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Art on Lark$36,698$36,698$27,489$9,209
Total Events$36,698$36,698$33,339$3,359
Filing and Contact Details

Filer

Filer Name
Lark Street Area District
EIN
14-1789430
Phone
5182489770
Address
200 WASHINGTON AVENUE, ALBANY, NY 12210

Signing Officer

Name
Darius Shahinfar
Title
Treasurer
Phone
5182489770
Signed
2023-01-23
Discuss with paid preparer
Yes

Preparer

Firm
Buckley Gent & Cary Pc
Address
100 GREAT OAKS BLVD STE 121, ALBANY, NY 12203-7925
Preparer
Michael J Buckley CPA
Phone
5184370430
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses neighborhood enhancement exp 23,752 street maintenance services 4,380 office expenses 4,463 bank charges 45 depreciation 5,436 bookeeping expenses 6,881 payroll services 1,211 internet/telephone 5,068 insurance 6,638 total 57,874

Form 990-ez, Part I, Line 20

5,056 the association discovered it was eligible for the employee retention credit (erc) for an additional calendar quarter in 2021 subsequent to filing the 2021 form 990-ez.

Form 990-ez, Part II, Line 24

Property & equipment 35,164 35,164 less accumulated depreciation 16,855 22,292 security deposit 800 800 employee retention credit 5,000 0 total 24,109 13,672

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 3,101 400

Raw XML Appendix182 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0ACTING CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7EXEC DIRECTO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8BOARD MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt024109
IRS990EZ/OtherAssetsTotalDetail/EOYAmt013672
IRS990EZ/OtherChangesInNetAssetsAmt05056
IRS990EZ/OtherExpensesTotalAmt057874
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO OPERATE A COMPREHENSIVE BUSINESS IMPROVEMENT PROGRAM.
IRS990EZ/ProgramServiceRevenueAmt0105445
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt036698
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IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt03359
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IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt027489
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES NEIGHBORHOOD ENHANCEMENT EXP 23,752 STREET MAINTENANCE SERVICES 4,380 OFFICE EXPENSES 4,463 BANK CHARGES 45 DEPRECIATION 5,436 BOOKEEPING EXPENSES 6,881 PAYROLL SERVICES 1,211 INTERNET/TELEPHONE 5,068 INSURANCE 6,638 TOTAL 57,874
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15,056 THE ASSOCIATION DISCOVERED IT WAS ELIGIBLE FOR THE EMPLOYEE RETENTION CREDIT (ERC) FOR AN ADDITIONAL CALENDAR QUARTER IN 2021 SUBSEQUENT TO FILING THE 2021 FORM 990-EZ.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROPERTY & EQUIPMENT 35,164 35,164 LESS ACCUMULATED DEPRECIATION 16,855 22,292 SECURITY DEPOSIT 800 800 EMPLOYEE RETENTION CREDIT 5,000 0 TOTAL 24,109 13,672
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS PAYABLE AND ACCRUED EXPENSES 3,101 400
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum05182489770
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-01-23
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ReturnHeader/Filer/PhoneNum05182489770
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0141744775
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALBANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
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ReturnHeader/PreparerPersonGrp/PhoneNum05184370430
ReturnHeader/PreparerPersonGrp/PreparationDt02023-04-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL J BUCKLEY CPA
ReturnHeader/ReturnTs02023-04-05T16:11:40-04:00
ReturnHeader/ReturnTypeCd0990EZ
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ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SHAHINFAR
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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