Civic Intelligence

Washington Street Mall

EIN 26-4125942 • 501(c)4 • Cape May, NJ

Profile

The wsmmc is a business improvement district (bids). Bids are a type of assessment district in which business owners choose to be assessed a fee, which is collected on their behalf by the city of cape may, for use in promoting and improving the business area.

PO Box 2338Cape May, NJ 08204

www.washingtonstreetmall.com

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.60x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

93rd percentile

0.67x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Net Margin

90th percentile

41%

Higher net margin than 90% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Top Officer Pay

91st percentile

$0

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)4 • <$500k nonprofits • Source year 2022

Asset Growth

98th percentile

159%

Faster asset growth than 98% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

91st percentile

67%

Faster revenue growth than 91% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2022 to 2024

Assets

Up

$207,806

Up $75,721 (+57%) from 2023

Liabilities

Down

$74,113

Down $50,364 (-40%) from 2023

Net Assets

Up

$133,693

Up $126,085 (+1657%) from 2023

Revenue

Up

$236,872

Up $162,123 (+217%) from 2023

Expenses

Up

$110,787

Up $16,148 (+17%) from 2023

Net Income

Up

$126,085

Up $145,975 (+734%) from 2023

Trend Graphs

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2014: $50,167Liabilities 2014: $8,731Net Assets 2014: $41,4362014Assets 2015: $51,597Liabilities 2015: $1,250Net Assets 2015: $50,3472015Assets 2016: $48,094Liabilities 2016: $3,506Net Assets 2016: $44,5882016Assets 2017: $46,363Liabilities 2017: $3,415Net Assets 2017: $42,9482017Assets 2019: $28,436Liabilities 2019: $1,706Net Assets 2019: $26,7302019Assets 2020: $30,252Liabilities 2020: $665Net Assets 2020: $29,5872020Assets 2021: $13,883Net Assets 2021: $13,8832021Assets 2022: $62,524Liabilities 2022: $35,026Net Assets 2022: $27,4982022Assets 2023: $132,085Liabilities 2023: $124,477Net Assets 2023: $7,6082023Assets 2024: $207,806Liabilities 2024: $74,113Net Assets 2024: $133,6932024

Highlighted filing

2024

Assets$207,806
Liabilities$74,113
Net Assets$133,693

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2014: $58,235Expenses 2014: $53,424Net Income 2014: $4,8112014Revenue 2015: $58,506Expenses 2015: $52,595Net Income 2015: $5,9112015Revenue 2016: $60,256Expenses 2016: $66,015Net Income 2016: -$5,7592016Revenue 2017: $57,205Expenses 2017: $58,845Net Income 2017: -$1,6402017Revenue 2019: $59,203Expenses 2019: $68,555Net Income 2019: -$9,3522019Revenue 2020: $61,903Expenses 2020: $59,046Net Income 2020: $2,8572020Revenue 2021: $140,404Expenses 2021: $145,641Net Income 2021: -$5,2372021Revenue 2022: $64,684Expenses 2022: $51,069Net Income 2022: $13,6152022Revenue 2023: $74,749Expenses 2023: $94,639Net Income 2023: -$19,8902023Revenue 2024: $236,872Expenses 2024: $110,787Net Income 2024: $126,0852024

Highlighted filing

2024

Revenue$236,872
Expenses$110,787
Net Income$126,085

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 10, 2026
Return Version
2024v5.2
Gross Receipts
$236,872
Mission and Program Overview

Mission

The wsmmc is a business improvement district (bids). Bids are a type of assessment district in which business owners choose to be assessed a fee, which is collected on their behalf by the city of cape may, for use in promoting and improving the business area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$127,752$206,522▲ $78,770
Accounts Receivable$4,333$1,284▼ $3,049
Savings and Temporary Cash Investments-$0-
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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$132,085$207,806▲ $75,721
Other Assets Total-$0-
Liabilities
Deferred Revenue$124,477$73,663▼ $50,814
Accounts Payable and Accrued Expenses-$450-
Total Liabilities$124,477$74,113▼ $50,364
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,608$133,693▲ $126,085
Total Net Assets Fund Balance$7,608$133,693▲ $126,085
Total Liabilities and Net Assets / Fund Balance$132,085$207,806▲ $75,721
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$235,181
Investment Income
$1,691
Other Revenue
$0
Change in Net Assets
$126,085
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$110,787
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$12,136--$12,136
Other Expenses$16,437$5,815-$5,815
All Other Expenses$5,708--$5,708
Fees for Services Accounting-$1,080-$1,080
Fees for Services Legal-$366-$366
Total Functional Expenses$103,526$7,261$0$110,787
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
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
Yes
Audit committee
No
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The board reviews the 990 then signs and returns the form to us.

Form 990, Part VI, Section C, Line 19

Documents will be made available upon request

Filing and Contact Details

Filer

Filer Name
Washington Street Mall
EIN
26-4125942
Phone
6098841062
Address
PO BOX 2338, CAPE MAY, NJ 08204

Signing Officer

Name
Carolyn Zebrowski
Title
Treasurer
Signed
2026-03-10
Discuss with paid preparer
Yes

Organization Details

Formed
2008
Legal Domicile
Nj
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

Firm
Ford Scott & Associates LLC
Address
1535 Haven Avenue, Ocean City, NJ 08226
Preparer
John A Sabella CPA
Phone
6093996333
Supplemental Narrative

Additional Explanations

Amended Explanation

The Form 990 has been amended to accurately reflect financial statements within the audit report.

Raw XML Appendix365 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/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD REVIEWS THE 990 THEN SIGNS AND RETURNS THE FORM TO US.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS WILL BE MADE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Form 990 has been amended to accurately reflect financial statements within the audit report.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Amended Explanation
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0132085
IRS990/TotalAssetsEOYAmt0207806
IRS990/TotalAssetsGrp/BOYAmt0132085
IRS990/TotalAssetsGrp/EOYAmt0207806
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07261
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0103526
IRS990/TotalFunctionalExpensesGrp/TotalAmt0110787
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0124477
IRS990/TotalLiabilitiesEOYAmt074113
IRS990/TotalLiabilitiesGrp/BOYAmt0124477
IRS990/TotalLiabilitiesGrp/EOYAmt074113
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07608
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0133693
IRS990/TotalProgramServiceExpensesAmt0103526
IRS990/TotalProgramServiceRevenueAmt0235181
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0236872
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0236872
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0132085
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0207806
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 2338
IRS990/USAddress/CityNm0CAPE MAY
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd008204
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0www.washingtonstreetmall.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CAROLYN ZEBROWSKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-03-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WASHINGTON STREET MALL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0MANAGEMENT COMPANY INC
ReturnHeader/Filer/BusinessNameControlTxt0WASH
ReturnHeader/Filer/EIN0264125942
ReturnHeader/Filer/PhoneNum06098841062
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 2338
ReturnHeader/Filer/USAddress/CityNm0CAPE MAY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd008204
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0222087086
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Ford Scott & Associates LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01535 Haven Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Ocean City
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008226
ReturnHeader/PreparerPersonGrp/PhoneNum06093996333
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0John A Sabella CPA
ReturnHeader/ReturnTs02026-03-10T12:00:51-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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