Civic Intelligence

Myrtle Avenue Brooklyn District Management Association Inc.

990 • Fiscal year 2016 • EIN 20-2659913

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 21, 2017

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

64th percentile

0.22x

Higher debt load relative to assets than 64% of similar nonprofits.

2016 filings • NTEE S • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

51st percentile

0.08x

Higher debt load relative to revenue than 51% of similar nonprofits.

2016 filings • NTEE S • $500k-$1M nonprofits • Source year 2016

Net Margin

65th percentile

9.4%

Higher net margin than 65% of similar nonprofits.

2016 filings • NTEE S • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

73rd percentile

$93,140

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 16.7% of source-year revenue.

2016 filings • NTEE S • $500k-$1M nonprofits • Source year 2016

Asset Growth

89th percentile

45%

Faster asset growth than 89% of similar nonprofits.

2016 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

76th percentile

22%

Faster revenue growth than 76% of similar nonprofits.

2016 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$210,213

Up $65,411 (+45%) from 2015

Net Assets

Up

$164,463

Up $52,504 (+47%) from 2015

Liabilities

Up

$45,750

Up $12,907 (+39%) from 2015

Revenue

Up

$557,689

Up $101,984 (+22%) from 2015

Expenses

Up

$505,185

Up $90,994 (+22%) from 2015

Net Income

Up

$52,504

Up $10,990 (+26%) from 2015

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

2016

Assets$210,213
Liabilities$45,750
Net Assets$164,463

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

2016

Revenue$557,689
Expenses$505,185
Net Income$52,504
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 21, 2017
Return Version
2015v3.0
Gross Receipts
$557,689
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$62,652$82,840▲ $20,188
Cash and Non-Interest-Bearing Accounts$41,927$67,605▲ $25,678
Land, Buildings, and Equipment, Net$34,733$54,505▲ $19,772
Accounts Receivable$5,490$5,263▼ $227
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$144,802$210,213▲ $65,411
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$32,843$45,750▲ $12,907
Total Liabilities$32,843$45,750▲ $12,907
Net Assets / Fund Balance
Unrestricted Net Assets$111,959$164,463▲ $52,504
Total Net Assets Fund Balance$111,959$164,463▲ $52,504
Total Liabilities and Net Assets / Fund Balance$144,802$210,213▲ $65,411

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$54,505$40,038$94,543
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Meredith Philips AlmeidaExecutive DirecPT$93,140$93,140

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$32,500
Program Service Revenue
$525,000
Investment Income
$189
Other Revenue
$0
All Other Contributions
$32,500
Change in Net Assets
$52,504

Audited Revenue Reconciliation

Revenue per Audited Statements
$557,689
Total Revenue per Audited Statements
$557,689
Total Revenue per Form 990
$557,689
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$265,125
Salaries, Compensation, and Employee Benefits$240,060
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$142,476$17,388-$159,864
Current Officers, Directors, Trustees, and Key Employees$41,850$4,650-$46,500
All Other Expenses$31,812$11,114-$42,926
Advertising$26,402--$26,402
Occupancy$20,737$2,479-$23,216
Payroll Taxes$19,180--$19,180
Depreciation Depletion$18,908--$18,908
Other Employee Benefits$13,135$1,381-$14,516
Other Expenses$11,720--$11,720
Office Expenses$6,710$802-$7,512
Fees for Services Accounting$4,034$482-$4,516
Insurance$4,032$482-$4,514
Conferences and Meetings$827$2,165-$2,992
Fees for Services Other$2,625$100-$2,725
Travel-$287-$287
Total Functional Expenses$463,855$41,330$0$505,185

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$505,185
Total Expenses per Audited Statements$505,185
Total Expenses per Form 990$505,185
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
2017-02-21
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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