Civic Intelligence

Myrtle Avenue Brooklyn District Management Association Inc.

990 • Fiscal year 2015 • EIN 20-2659913

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 27, 2016

472 Myrtle Avenue 2nd FloorBrooklyn, NY 11205

(718) 230-1689

Siviq Scores

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

Liabilities / Assets

80th percentile

0.23x

Higher debt load relative to assets than 80% of similar nonprofits.

2015 filings • NTEE S30 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

72nd percentile

0.07x

Higher debt load relative to revenue than 72% of similar nonprofits.

2015 filings • NTEE S • <$500k nonprofits • Source year 2015

Net Margin

69th percentile

9.1%

Higher net margin than 69% of similar nonprofits.

2015 filings • NTEE S30 • <$500k nonprofits • Source year 2015

Top Officer Pay

94th percentile

$75,333

Higher top officer pay than 94% of similar nonprofits.

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

2015 filings • NTEE S • <$500k nonprofits • Source year 2015

Asset Growth

81st percentile

46%

Faster asset growth than 81% of similar nonprofits.

2015 filings • NTEE S30 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

44th percentile

-0.6%

Faster revenue growth than 44% of similar nonprofits.

2015 filings • NTEE S30 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$144,802

Up $45,606 (+46%) from 2014

Net Assets

Up

$111,959

Up $41,514 (+59%) from 2014

Liabilities

Up

$32,843

Up $4,092 (+14%) from 2014

Revenue

Down

$455,705

Down $2,797 (-0.6%) from 2014

Expenses

Down

$414,191

Down $82,493 (-17%) from 2014

Net Income

Up

$41,514

Up $79,696 (+209%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2014: $99,196Liabilities 2014: $28,751Net Assets 2014: $70,4452014Assets 2015: $144,802Liabilities 2015: $32,843Net Assets 2015: $111,9592015Assets 2016: $210,213Liabilities 2016: $45,750Net Assets 2016: $164,4632016Assets 2017: $210,021Liabilities 2017: $44,072Net Assets 2017: $165,9492017Assets 2018: $189,737Liabilities 2018: $33,232Net Assets 2018: $156,5052018Assets 2019: $175,831Liabilities 2019: $20,809Net Assets 2019: $155,0222019Assets 2020: $256,057Liabilities 2020: $37,269Net Assets 2020: $218,7882020Assets 2021: $570,796Liabilities 2021: $321,790Net Assets 2021: $249,0062021Assets 2022: $551,785Liabilities 2022: $42,914Net Assets 2022: $508,8712022Assets 2023: $978,058Liabilities 2023: $336,176Net Assets 2023: $641,8822023Assets 2024: $920,084Liabilities 2024: $330,465Net Assets 2024: $589,6192024Assets 2025: $626,092Liabilities 2025: $20,659Net Assets 2025: $605,4332025

Highlighted filing

2015

Assets$144,802
Liabilities$32,843
Net Assets$111,959

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2014: $458,502Expenses 2014: $496,684Net Income 2014: -$38,1822014Revenue 2015: $455,705Expenses 2015: $414,191Net Income 2015: $41,5142015Revenue 2016: $557,689Expenses 2016: $505,185Net Income 2016: $52,5042016Revenue 2017: $659,269Expenses 2017: $657,782Net Income 2017: $1,4872017Revenue 2018: $670,757Expenses 2018: $680,201Net Income 2018: -$9,4442018Revenue 2019: $692,467Expenses 2019: $693,950Net Income 2019: -$1,4832019Revenue 2020: $947,083Expenses 2020: $883,317Net Income 2020: $63,7662020Revenue 2021: $1,091,850Expenses 2021: $1,061,632Net Income 2021: $30,2182021Revenue 2022: $1,331,900Expenses 2022: $1,072,035Net Income 2022: $259,8652022Revenue 2023: $1,332,515Expenses 2023: $1,199,504Net Income 2023: $133,0112023Revenue 2024: $1,193,966Expenses 2024: $1,246,229Net Income 2024: -$52,2632024Revenue 2025: $1,247,699Expenses 2025: $1,246,293Net Income 2025: $1,4062025

Highlighted filing

2015

Revenue$455,705
Expenses$414,191
Net Income$41,514
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 27, 2016
Return Version
2014v6.0
Gross Receipts
$455,705
Mission and Program Overview

Mission

To promote the growth of local businesses located in the business improvement district and enhance the overall appearance of the business community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$18,503$62,652▲ $44,149
Cash and Non-Interest-Bearing Accounts-$41,927-
Land, Buildings, and Equipment, Net$40,319$34,733▼ $5,586
Accounts Receivable$40,374$5,490▼ $34,884
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$99,196$144,802▲ $45,606
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$28,751$32,843▲ $4,092
Total Liabilities$28,751$32,843▲ $4,092
Net Assets / Fund Balance
Unrestricted Net Assets$70,445$111,959▲ $41,514
Total Net Assets Fund Balance$70,445$111,959▲ $41,514
Total Liabilities and Net Assets / Fund Balance$99,196$144,802▲ $45,606

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$34,733$21,130$55,863
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Meredith Philips AlmeidaExecutive DirecPT$75,333$75,333

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$30,000
Program Service Revenue
$425,554
Investment Income
$151
Other Revenue
$0
All Other Contributions
$30,000
Change in Net Assets
$41,514

Audited Revenue Reconciliation

Revenue per Audited Statements
$455,705
Total Revenue per Audited Statements
$455,705
Total Revenue per Form 990
$455,705
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$226,569
Salaries, Compensation, and Employee Benefits$187,622
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$109,891$13,421-$123,312
All Other Expenses$38,809$1,855-$40,664
Current Officers, Directors, Trustees, and Key Employees$33,600$3,733-$37,333
Occupancy$19,770$2,363-$22,133
Payroll Taxes$12,851$1,548-$14,399
Other Employee Benefits$11,245$1,333-$12,578
Other Expenses$6,846$4,465-$11,311
Advertising$9,964--$9,964
Fees for Services Accounting$7,329$876-$8,205
Office Expenses$6,129$732-$6,861
Depreciation Depletion$5,586--$5,586
Insurance$2,536$303-$2,839
Conferences and Meetings$238$622-$860
Travel-$55-$55
Total Functional Expenses$382,885$31,306$0$414,191

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$414,191
Total Expenses per Audited Statements$414,191
Total Expenses per Form 990$414,191
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-
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 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, Line 11B: Form 990 Review Process

Forms are reviewed by board with cpa before filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

annual questionaire is used top solicit information.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

compensation levels are reviewed annually by the board using comparability analysis.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

documents are available for review at organizations office upon request.

Filing and Contact Details

Filer

Filer Name
Myrtle Avenue Brooklyn District
EIN
20-2659913
Phone
7182301689
Address
472 Myrtle Avenue 2nd Floor, Brooklyn, NY 11205

Signing Officer

Name
Meredith Philips Almeida
Title
Executive Direc
Signed
2016-01-27
Discuss with paid preparer
Yes

Organization Details

Formed
2005
Legal Domicile
Ny
Voting Board Members
13
Independent Board Members
13
Employees
8

Preparer

Firm
Loewenwarter & Co LLP
Address
200 Old Country Road Suite 274, Mineola, NY 11501
Preparer
Joel Quirk
Phone
5167399777
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

Other program services 4: community initiatives: supports strategic partnerships with local schools and community groups, and provides summer employment and mentoring for local youth. Other program services 5: security program: devotes staff time to frequent communication and coordination with the nypd, to utilizing crime prevention measures via the facilitation of constant communication and intelligence sharing among retailers, to hosting educational workshops with the nypd, and to generally monitoring local incidences of crime and other security concerns. Other program services 6: urban planning program: includes conducting economic development, public policy, land use, historic preservation, transportation.

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IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0151
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IRS990/IRPDocumentCnt00
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IRS990/LandBldgEquipAccumDeprecAmt021130
IRS990/LandBldgEquipBasisNetGrp/BOYAmt040319
IRS990/LandBldgEquipBasisNetGrp/EOYAmt034733
IRS990/LandBldgEquipCostOrOtherBssAmt055863
IRS990/LegalDomicileStateCd0NY
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To promote the growth of local businesses located in the business improvement district and enhance the overall appearance of the business community.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt070445
IRS990/NetAssetsOrFundBalancesEOYAmt0111959
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt02363
IRS990/OccupancyGrp/ProgramServicesAmt019770
IRS990/OccupancyGrp/TotalAmt022133
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0732
IRS990/OfficeExpensesGrp/ProgramServicesAmt06129
IRS990/OfficeExpensesGrp/TotalAmt06861
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01333
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt011245
IRS990/OtherEmployeeBenefitsGrp/TotalAmt012578
IRS990/OtherExpensesGrp/Desc0STREET SWEEPING AND SANITATION
IRS990/OtherExpensesGrp/Desc1SUMMER YOUTH PROGRAM
IRS990/OtherExpensesGrp/Desc2GARDENING AND HORTICULTURE
IRS990/OtherExpensesGrp/Desc3CONSULTING FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04465
IRS990/OtherExpensesGrp/ProgramServicesAmt088571
IRS990/OtherExpensesGrp/ProgramServicesAmt116341
IRS990/OtherExpensesGrp/ProgramServicesAmt213179
IRS990/OtherExpensesGrp/ProgramServicesAmt36846
IRS990/OtherExpensesGrp/TotalAmt088571
IRS990/OtherExpensesGrp/TotalAmt116341
IRS990/OtherExpensesGrp/TotalAmt213179
IRS990/OtherExpensesGrp/TotalAmt311311
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt013421
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0109891
IRS990/OtherSalariesAndWagesGrp/TotalAmt0123312
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01548
IRS990/PayrollTaxesGrp/ProgramServicesAmt012851
IRS990/PayrollTaxesGrp/TotalAmt014399
IRS990/PensionPlanContributionsGrp/TotalAmt00
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IRS990/PoliticalCampaignActyInd0false
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IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0OTHER REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1TAX ASSESSMENT
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1425000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0554
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1425000
IRS990/ProgSrvcAccomActy2Grp/Desc0DIRECT MARKETING: PROMOTES THE COMMERCIAL CORRIDOR IN ORDER TO INCREASE BUSINESS ACTIVITY FOR ALL RETAILERS WITHIN THE DISTRICT. THE PROGRAM INCLUDES ADVERTISING, BRANDING OF THE SHOPPING DISTRICT, PRODUCTION OF PROMOTIONAL MATERIALS, MAINTENANCE OF A WEB SITE PRESENCE AND ELECTRONIC COMMUNICATION, MEDIA RELATIONS, AND SPECIAL EVENTS AND PROGRAMMING.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0102118
IRS990/ProgSrvcAccomActy3Grp/Desc0STREETSCAPE IMPRVEMENTS: PROMOTES PHYSICAL AND AESTHETIC IMPROVEMENTS TO PUBLIC SPACES AND THE BUILT ENVIRONMENT, INCLUDING THE PLANTING AND MAINTENANCE OF STREET TREES AND ORNAMENTALS, THE DESIGN, INSTALLATION, AND MAINTENANCE OF STREET FURNITURE ELEMENTS, THE CREATION AND MAINTENANCE OF NEW PUBLIC SPACES, AND PROVIDING DESIGN ASSISTANCE AND FINANCIAL INCENTIVES TO RETAILERS TO IMPROVE THEIR STOREFRONTS AND SIGNAGE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt096848
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt033000
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0202
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0231560
IRS990/PYProgramServiceRevenueAmt0425300
IRS990/PYRevenuesLessExpensesAmt0-38182
IRS990/PYSalariesCompEmpBnftPaidAmt0265124
IRS990/PYTotalExpensesAmt0496684
IRS990/PYTotalRevenueAmt0458502
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt041514
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt018503
IRS990/SavingsAndTempCashInvstGrp/EOYAmt062652
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt030000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt033000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt025765
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt020000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt014842
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0123607
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0151
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0202
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0270
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0282
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0196
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01101
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0554
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0300
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01525
IRS990ScheduleA/OtherIncome170Grp/TotalAmt02379
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99840
IRS990ScheduleA/PublicSupportPY170Pct00.99850
IRS990ScheduleA/PublicSupportTotal170Amt02173607
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt0425000
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0425000
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0425000
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0425000
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0350000
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt02050000
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0455000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0458000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0450765
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0445000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0364842

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