Civic Intelligence

Downtown Albany Restoration Program Inc.

990 • Fiscal year 2022 • EIN 14-1790346

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 26, 2023

Organization Profilewww.downtownalbany.org

View Organization Page

21 Lodge Street 1st FloorAlbany, NY 12207

(518) 465-2143

Siviq Scores

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

Liabilities / Assets

47th percentile

0.12x

Higher debt load relative to assets than 47% of similar nonprofits.

2022 filings • NTEE S • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

47th percentile

0.13x

Higher debt load relative to revenue than 47% of similar nonprofits.

2022 filings • NTEE S • $1M-$5M nonprofits • Source year 2022

Net Margin

21st percentile

-9.8%

Higher net margin than 21% of similar nonprofits.

2022 filings • NTEE S • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

70th percentile

$159,576

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 16.5% of source-year revenue.

2022 filings • NTEE S • $1M-$5M nonprofits • Source year 2022

Asset Growth

24th percentile

-6.2%

Faster asset growth than 24% of similar nonprofits.

2022 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

18th percentile

-19%

Faster revenue growth than 18% of similar nonprofits.

2022 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets47th percentile

Assets

Down

$1,112,914

Down $73,867 (-6.2%) from 2021

Net Assets

Down

$984,763

Down $94,907 (-8.8%) from 2021

Liabilities

Up

$128,151

Up $21,040 (+20%) from 2021

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin21st percentile

Revenue

Down

$969,875

Down $223,161 (-19%) from 2021

Expenses

Down

$1,064,782

Down $98,197 (-8.4%) from 2021

Net Income

Down

-$94,907

Down $124,964 (-416%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

$1.5M$1.0M$500K$0Assets 2011: $964,871Liabilities 2011: $274,336Net Assets 2011: $690,5352011Assets 2012: $882,743Liabilities 2012: $206,359Net Assets 2012: $676,3842012Assets 2013: $792,410Liabilities 2013: $245,184Net Assets 2013: $547,2262013Assets 2014: $721,436Liabilities 2014: $143,322Net Assets 2014: $578,1142014Assets 2015: $942,026Liabilities 2015: $144,025Net Assets 2015: $798,0012015Assets 2016: $883,354Liabilities 2016: $103,262Net Assets 2016: $780,0922016Assets 2017: $912,508Liabilities 2017: $144,907Net Assets 2017: $767,6012017Assets 2018: $979,904Liabilities 2018: $78,429Net Assets 2018: $901,4752018Assets 2019: $995,043Liabilities 2019: $92,877Net Assets 2019: $902,1662019Assets 2020: $1,148,662Liabilities 2020: $99,049Net Assets 2020: $1,049,6132020Assets 2021: $1,186,781Liabilities 2021: $107,111Net Assets 2021: $1,079,6702021Assets 2022: $1,112,914Liabilities 2022: $128,151Net Assets 2022: $984,7632022Assets 2023: $1,041,305Liabilities 2023: $91,334Net Assets 2023: $949,9712023Assets 2024: $1,200,049Liabilities 2024: $182,149Net Assets 2024: $1,017,9002024

Highlighted filing

2022

Assets$1,112,914
Liabilities$128,151
Net Assets$984,763
Open 2022 Filing

Operations Trend

Revenue Growth18th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $956,800Expenses 2011: $957,358Net Income 2011: -$5582011Revenue 2012: $881,311Expenses 2012: $895,462Net Income 2012: -$14,1512012Revenue 2013: $749,168Expenses 2013: $878,326Net Income 2013: -$129,1582013Revenue 2014: $848,658Expenses 2014: $817,770Net Income 2014: $30,8882014Revenue 2015: $857,949Expenses 2015: $638,062Net Income 2015: $219,8872015Revenue 2016: $747,328Expenses 2016: $720,741Net Income 2016: $26,5872016Revenue 2017: $901,745Expenses 2017: $914,236Net Income 2017: -$12,4912017Revenue 2018: $1,084,961Expenses 2018: $951,087Net Income 2018: $133,8742018Revenue 2019: $1,057,846Expenses 2019: $1,057,155Net Income 2019: $6912019Revenue 2020: $1,132,046Expenses 2020: $984,599Net Income 2020: $147,4472020Revenue 2021: $1,193,036Expenses 2021: $1,162,979Net Income 2021: $30,0572021Revenue 2022: $969,875Expenses 2022: $1,064,782Net Income 2022: -$94,9072022Revenue 2023: $1,162,489Expenses 2023: $1,197,281Net Income 2023: -$34,7922023Revenue 2024: $1,832,481Expenses 2024: $1,763,580Net Income 2024: $68,9012024

Highlighted filing

2022

Revenue$969,875
Expenses$1,064,782
Net Income-$94,907
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 26, 2023
Return Version
2022v5.0
Gross Receipts
$969,875
Mission and Program Overview

Mission

To restore, promote, and maintain the character and viability of downtown Albany and to improve the quality of life and overall image for those who live, work and visit the Capital City

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$378,595$618,714▲ $240,119
Savings and Temporary Cash Investments$314,709$314,977▲ $268
Pledges and Grants Receivable$250,000$0▼ $250,000
Accounts Receivable$138,219$81,296▼ $56,923
Land, Buildings, and Equipment, Net$15,185$30,197▲ $15,012
Prepaid Expenses and Deferred Charges$40,869$26,440▼ $14,429
Other Notes and Loans Receivable, Net$49,204$20,950▼ $28,254
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,186,781$1,112,914▼ $73,867
Other Assets Total-$20,340-
Liabilities
Other Liabilities$50,000$70,402▲ $20,402
Accounts Payable and Accrued Expenses$57,111$57,749▲ $638
Total Liabilities$107,111$128,151▲ $21,040
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,079,670$984,763▼ $94,907
Total Net Assets Fund Balance$1,079,670$984,763▼ $94,907
Total Liabilities and Net Assets / Fund Balance$1,186,781$1,112,914▼ $73,867

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$30,197$64,487$94,684
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Georgette SteffensExecutive DirecFT$125,577$33,999$159,576

Board Members and Trustees

NameTitle
FRANK O'CONNORPresident
Elizabeth Young JojoVice President
Angelo MaddoxDirector
Benn Mac DonaldDirector
Frank ZeoliDirector
Hon Daniel P MccoyDirector
Hon Darius ShahinferDirector
Hon Kathy M SheehanDirector
Josh WainmanDirector
Lena HartDirector
Leola EdelinDirector
Leyla KiosseDirector
Lucas RogersDirector
Mohamed HemmidDirector
Neil Mc GreevyDirector
Riley AckleyDirector
Lisa Reddy FarrellSecretary
Kenneth CountermineTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Abm Janitorial-northeast INCStreet CleaningPO BOX 1534, New York, NY 10008$150,053
Revenue and Support

Revenue Composition

Contributions and Grants
$967,698
Program Service Revenue
$0
Investment Income
$2,177
Other Revenue
$0
All Other Contributions
$967,698
Change in Net Assets
$-94,907

Audited Revenue Reconciliation

Revenue per Audited Statements
$969,875
Revenue Not Reported on Form 990
$23,940
Total Revenue per Audited Statements
$993,815
Total Revenue per Form 990
$969,875
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$595,698
Salaries, Compensation, and Employee Benefits$469,084
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$263,848$79,659-$343,507
Current Officers, Directors, Trustees, and Key Employees$94,183$31,394-$125,577
All Other Expenses$39,539$14,071-$53,610
Occupancy$15,681$4,864-$20,545
Fees for Services Accounting-$18,940-$18,940
Insurance$9,542$2,960-$12,502
Other Expenses$7,121$2,423-$9,544
Depreciation Depletion$6,722$2,085-$8,807
Fees for Services Other-$5,015-$5,015
Advertising$4,327--$4,327
Total Functional Expenses$903,371$161,411$0$1,064,782

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,088,722
Expenses per Audited Statements$1,064,782
Total Expenses per Form 990$1,064,782
Expenses Not Reported on Form 990$23,940
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
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Reserve for Assessment Reductions$50,000
Operating Lease Liability$20,402
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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
No
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

“The organization's members consist of owners of properties within the district's boundaries and tenants leasing/renting property with the district's boundaries”

Form 990, Part VI, Section B, Line 11B

“Form 990 is reviewed by the treasurer and presented and approved, for filing, by the board of directors”

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

“The board of directors are required to annually confirm that there are no conflicts of interest.”

Form 990, Part VI, Section B, Line 15A

“The executive committee discusses, reviews, and obtains comparable data before voting on and setting the executive director's compensation”

Form 990, Part VI, Section B, Line 15B

“After review and recommendations by the executive committee, the board of directors approves the executive director's compensation. There are no other compensated officers or key employees(within the definition used in part vii)”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interests policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Downtown Albany Restoration Program Inc
EIN
14-1790346
Phone
5184652143
Address
21 LODGE STREET 1ST FLOOR, ALBANY, NY 12207

Signing Officer

Name
Georgette Steffens
Title
Executive Direc
Signed
2023-10-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
FRANK O'CONNOR
Formed
1996
Legal Domicile
Ny
Voting Board Members
18
Independent Board Members
18
Employees
6
Volunteers
37

Preparer

Firm
Robert J Palmerino CPA
Address
79 NORTH PEARL ST, ALBANY, NY 12207
Preparer
Robert J Palmerino CPA
Phone
5184324930
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

“Other program services 4: business development:cultivate business development activities through partnerships with property owners, real estate community, and city, state and county representatives for recruitment and attraction.”

Financial Statement Notes

Part X : FIN48 Footnote

“Income tax benefits are recognized for income tax positions taken or expected to be taken on a tax return, only when it is deemed that the income tax position will be more likely than not sustained upon examination by taxing authorities. The BID believes that its income tax positions would be sustained under examination by taxing authorities. There are currently no examinations in progress, and the BID believes it is no longer subject to income tax examinations for the tax years prior to 2019.”

Raw XML AppendixShowing 400 of 582 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt057111
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt057749
IRS990/AccountsReceivableGrp/BOYAmt0138219
IRS990/AccountsReceivableGrp/EOYAmt081296
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0To restore, promote, and maintain the character and viability of downtown Albany and to improve the quality of life and overall image for those who live, work and visit the Capital City
IRS990/AdvertisingGrp/ProgramServicesAmt04327
IRS990/AdvertisingGrp/TotalAmt04327
IRS990/AllOtherContributionsAmt0967698
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt014071
IRS990/AllOtherExpensesGrp/ProgramServicesAmt039539
IRS990/AllOtherExpensesGrp/TotalAmt053610
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0GEORGETTE STEFFENS
IRS990/BooksInCareOfDetail/PhoneNum05184652143
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt021 LODGE STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0ALBANY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd012207
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0378595
IRS990/CashNonInterestBearingGrp/EOYAmt0618714
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt031394
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt094183
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0125577
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0150053
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0PO BOX 1534
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0NEW YORK
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0NY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd010008
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0ABM JANITORIAL-NORTHEAST INC
IRS990/ContractorCompensationGrp/ServicesDesc0STREET CLEANING
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0967698
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt02177
IRS990/CYOtherExpensesAmt0595698
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-94907
IRS990/CYSalariesCompEmpBnftPaidAmt0469084
IRS990/CYTotalExpensesAmt01064782
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0969875
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt02085
IRS990/DepreciationDepletionGrp/ProgramServicesAmt06722
IRS990/DepreciationDepletionGrp/TotalAmt08807
IRS990/Desc0MARKETING:CREATE AND IMPLEMENT SPECIAL EVENTS AND PROGRAMMING AND MAINTAIN A PUBLIC RELATIONS CAMPAIGN
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt06
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0262916
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt018940
IRS990/FeesForServicesAccountingGrp/TotalAmt018940
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt05015
IRS990/FeesForServicesOtherGrp/TotalAmt05015
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt120.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt130.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt150.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt160.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt170.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt180.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt151.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt161.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt171.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt181.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd18X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt033999
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/PersonNm0GEORGETTE STEFFENS
IRS990/Form990PartVIISectionAGrp/PersonNm1RILEY ACKLEY
IRS990/Form990PartVIISectionAGrp/PersonNm2ANGELO MADDOX
IRS990/Form990PartVIISectionAGrp/PersonNm3KENNETH COUNTERMINE
IRS990/Form990PartVIISectionAGrp/PersonNm4LISA REDDY FARRELL
IRS990/Form990PartVIISectionAGrp/PersonNm5FRANK ZEOLI
IRS990/Form990PartVIISectionAGrp/PersonNm6LENA HART
IRS990/Form990PartVIISectionAGrp/PersonNm7NEIL MC GREEVY
IRS990/Form990PartVIISectionAGrp/PersonNm8LUCAS ROGERS
IRS990/Form990PartVIISectionAGrp/PersonNm9ELIZABETH YOUNG JOJO
IRS990/Form990PartVIISectionAGrp/PersonNm10LEOLA EDELIN
IRS990/Form990PartVIISectionAGrp/PersonNm11HON DANIEL P MCCOY
IRS990/Form990PartVIISectionAGrp/PersonNm12FRANK O'CONNOR
IRS990/Form990PartVIISectionAGrp/PersonNm13JOSH WAINMAN
IRS990/Form990PartVIISectionAGrp/PersonNm14HON DARIUS SHAHINFER
IRS990/Form990PartVIISectionAGrp/PersonNm15LEYLA KIOSSE
IRS990/Form990PartVIISectionAGrp/PersonNm16HON KATHY M SHEEHAN
IRS990/Form990PartVIISectionAGrp/PersonNm17MOHAMED HEMMID
IRS990/Form990PartVIISectionAGrp/PersonNm18BENN MAC DONALD
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0125577
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Direc
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12President
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt018
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0969875
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt018
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt02960
IRS990/InsuranceGrp/ProgramServicesAmt09542
IRS990/InsuranceGrp/TotalAmt012502
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt02177
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02177
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt012
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt064487
IRS990/LandBldgEquipBasisNetGrp/BOYAmt015185
IRS990/LandBldgEquipBasisNetGrp/EOYAmt030197
IRS990/LandBldgEquipCostOrOtherBssAmt094684
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To restore, promote, and maintain the character and viability of downtown Albany and to improve the quality of life and overall image for those who live, work and visit the Capital City
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01079670
IRS990/NetAssetsOrFundBalancesEOYAmt0984763
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01079670
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0984763
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt04864
IRS990/OccupancyGrp/ProgramServicesAmt015681
IRS990/OccupancyGrp/TotalAmt020545
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt020340
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0SUBCONTRACTS
IRS990/OtherExpensesGrp/Desc1LIGHTING PROJECT
IRS990/OtherExpensesGrp/Desc2SPECIAL EVENTS
IRS990/OtherExpensesGrp/Desc3DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02423
IRS990/OtherExpensesGrp/ProgramServicesAmt0269456
IRS990/OtherExpensesGrp/ProgramServicesAmt1126223
IRS990/OtherExpensesGrp/ProgramServicesAmt266729
IRS990/OtherExpensesGrp/ProgramServicesAmt37121
IRS990/OtherExpensesGrp/TotalAmt0269456
IRS990/OtherExpensesGrp/TotalAmt1126223
IRS990/OtherExpensesGrp/TotalAmt266729
IRS990/OtherExpensesGrp/TotalAmt39544
IRS990/OtherLiabilitiesGrp/BOYAmt050000
IRS990/OtherLiabilitiesGrp/EOYAmt070402
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt079659
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0263848
IRS990/OtherSalariesAndWagesGrp/TotalAmt0343507
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt049204
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt020950
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0250000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt040869
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt026440
IRS990/PrincipalOfficerNm0FRANK O'CONNOR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0BUSINESS DEVELOPMENT:CULTIVATE BUSINESS DEVELOPMENT ACTIVITIES THROUGH PARTNERSHIPS WITH PROPERTY OWNERS, REAL ESTATE COMMUNITY, AND CITY, STATE AND COUNTY REPRESENTATIVES FOR RECRUITMENT AND ATTRACTION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0239039
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0126223
IRS990/ProgSrvcAccomActy3Grp/Desc0CLEAN AND SAFE:PROVIDE ASSISTANCE IN MAINTAINING AND AUGMENTING CLEAN STREET/CURBS, TRASH PICK UP AND CLEANING OF SNOW AND ICE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0222129
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01192460
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0119666
IRS990/PYInvestmentIncomeAmt0576
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0595294
IRS990/PYRevenuesLessExpensesAmt030057
IRS990/PYSalariesCompEmpBnftPaidAmt0448019
IRS990/PYTotalExpensesAmt01162979
IRS990/PYTotalRevenueAmt01193036
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-94907
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0314709
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0314977
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt063966
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0300587

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,112,914
Liabilities
$128,151
Net assets
$984,763
Revenue
$969,875
Expenses
$1,064,782
Net income
-$94,907
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$0.18$1.02$1.83$1.76$0.07
2023Detailed filing. Detailed filing data is available for this year.$1.04$0.09$0.95$1.16$1.20$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.11$0.13$0.98$0.97$1.06$0.09
2021Detailed filing. Detailed filing data is available for this year.$1.19$0.11$1.08$1.19$1.16$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.15$0.10$1.05$1.13$0.98$0.15
2019Detailed filing. Detailed filing data is available for this year.$1.00$0.09$0.90$1.06$1.06$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.98$0.08$0.90$1.08$0.95$0.13
2017Detailed filing. Detailed filing data is available for this year.$0.91$0.14$0.77$0.90$0.91$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.88$0.10$0.78$0.75$0.72$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.94$0.14$0.80$0.86$0.64$0.22
2014Detailed filing. Detailed filing data is available for this year.$0.72$0.14$0.58$0.85$0.82$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.79$0.25$0.55$0.75$0.88$0.13
2012Summary only. Only limited summary data is available for this year.$0.88$0.21$0.68$0.88$0.90$0.01
2011Summary only. Only limited summary data is available for this year.$0.96$0.27$0.69$0.96$0.96$0.00