Civic Intelligence

Washington Street Mall Management Company Inc

990EZ • Fiscal year 2016 • EIN 26-4125942

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 08, 2017

Organization Profilewww.washingtonstreetmall.com
PO Box 2338Cape May, NJ 08204

(609) 884-1062

Siviq Scores

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

Liabilities / Assets

69th percentile

0.07x

Higher debt load relative to assets than 69% of similar nonprofits.

2016 filings • NTEE S • <$500k nonprofits • Source year 2016

Liabilities / Revenue

69th percentile

0.06x

Higher debt load relative to revenue than 69% of similar nonprofits.

2016 filings • NTEE S • <$500k nonprofits • Source year 2016

Net Margin

26th percentile

-9.6%

Higher net margin than 26% of similar nonprofits.

2016 filings • NTEE S • <$500k nonprofits • Source year 2016

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2016 filings • NTEE S • <$500k nonprofits • Source year 2016

Asset Growth

32nd percentile

-6.8%

Faster asset growth than 32% of similar nonprofits.

2016 filings • NTEE S • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

57th percentile

3.0%

Faster revenue growth than 57% of similar nonprofits.

2016 filings • NTEE S • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets69th percentile

Assets

Down

$48,094

Down $3,503 (-6.8%) from 2015

Net Assets

Down

$44,588

Down $5,759 (-11%) from 2015

Liabilities

Up

$3,506

Up $2,256 (+180%) from 2015

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin26th percentile

Revenue

Up

$60,256

Up $1,750 (+3.0%) from 2015

Expenses

Up

$66,015

Up $13,420 (+26%) from 2015

Net Income

Down

-$5,759

Down $11,670 (-197%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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

$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

2016

Assets$48,094
Liabilities$3,506
Net Assets$44,588
Open 2016 Filing

Operations Trend

Revenue Growth57th percentile

Revenue, expenses, and net income across loaded years, with this 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

2016

Revenue$60,256
Expenses$66,015
Net Income-$5,759
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 8, 2017
Return Version
2016v3.0
Gross Receipts
$60,256
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.

Program Services

DescriptionGrantsExpenses
THE PURPOSE OF THE WASHINGTON STREET MALL MANAGMENT COMPANY, INC. IS AS FOLLOWS: . SERVE THE BUSINESS COMMUNITY THAT ENCOMPASSES THE WASHINGTON STREET MALL BUSINESS IMPROVEMENT DISTRICT ("DISTRICT") . ASSIST THE CITY IN PROMOTING ECONOMIC GROWTH AND EMPLOYMENT WITHIN THE DISTRICT AND PROVIDE ADMINISTRATIVE AND OTHER SERVICES TO BENEFIT THE BUSINESS, EMPLOYEES, RESIDENTS AND CONSUMERS IN THE DISTRICT . PROVIDE WITHIN THE DISTRICT, SEASONAL DECORATIONS, FLOWERS AND OTHER PLANTINGS$58,812-
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DAWN DEMAYOChairman-$0--
CHAD ALVARADOTrustee-$0--
LIENNA GEYLANITreasurer-$0--
RICHARD MEYERSVice Chairman-$0--
ALISON BJORKEvents-$0--
VINCE STEWARTTrustee-$0--
MARK BEDNORTrustee-$0--
BEATRICE PESSAGNOCity Council-$0--
BRUCE MACLEODCity Manager-$0--
DEB BARTHSecretary-$0--
JOE BOGLETrustee-$0--
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
Dawn DeMayo
Title
Chairman
Signed
2017-11-08
Discuss with paid preparer
Yes

Preparer

Firm
Ford Scott & Associates LLC
Address
1535 Haven Avenue, Ocean City, NJ 08226-0538
Preparer
John A Sabella CPA
Phone
6093996333
Supplemental Narrative

Additional Explanations

Other Revenue.1

“Prior payable forgiven $1250”

Other Expenses.1001

“Advertising and Promotion $21049”

Other Expenses.1

“Maintenance and decor $31201”

Other Expenses.2

“Trolley-transport for mall $5000”

Other Expenses.3

“ADMINISTRAIVE $1305”

Other Expenses.4

“BAD DEBT EXPENSE $1250”

Other Expenses.5

“MISCELLANEOUS $312”

Other Assets.1005

“Accounts Receivable - Beginning $4150 Accounts Receivable - Ending $10500”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $1250 Accounts Payable and Accrued Expenses - Ending $3206”

Total Liabilities.1

“ASSESSMENTS PAID IN ADVANCE - Beginning $0 ASSESSMENTS PAID IN ADVANCE - Ending $300”

Raw XML Appendix155 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
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IRS990EZ/BooksInCareOfDetail/PersonNm0ORGANIZATION
IRS990EZ/BooksInCareOfDetail/PhoneNum06098841062
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 2338
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0CAPE MAY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd008204
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt047447
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt037594
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
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IRS990EZ/ExcessOrDeficitForYearAmt0-5759
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IRS990EZ/InfoInScheduleOPartIIInd0X
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IRS990EZ/MembershipDuesAmt059000
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt050347
IRS990EZ/NetAssetsOrFundBalancesEOYAmt044588
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt100
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DAWN DEMAYO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1CHAD ALVARADO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2LIENNA GEYLANI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3RICHARD MEYERS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4ALISON BJORK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5VINCE STEWART
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6MARK BEDNOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7BEATRICE PESSAGNO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8BRUCE MACLEOD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9DEB BARTH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm10JOE BOGLE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Chairman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Trustee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3VICE CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4EVENTS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Trustee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Trustee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7CITY COUNCIL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8CITY MANAGER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt10Trustee
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt04150
IRS990EZ/OtherAssetsTotalDetail/EOYAmt010500
IRS990EZ/OtherExpensesTotalAmt060117
IRS990EZ/OtherRevenueTotalAmt01250
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE 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.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE PURPOSE OF THE WASHINGTON STREET MALL MANAGMENT COMPANY, INC. IS AS FOLLOWS: . SERVE THE BUSINESS COMMUNITY THAT ENCOMPASSES THE WASHINGTON STREET MALL BUSINESS IMPROVEMENT DISTRICT ("DISTRICT") . ASSIST THE CITY IN PROMOTING ECONOMIC GROWTH AND EMPLOYMENT WITHIN THE DISTRICT AND PROVIDE ADMINISTRATIVE AND OTHER SERVICES TO BENEFIT THE BUSINESS, EMPLOYEES, RESIDENTS AND CONSUMERS IN THE DISTRICT . PROVIDE WITHIN THE DISTRICT, SEASONAL DECORATIONS, FLOWERS AND OTHER PLANTINGS
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt058812
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt01250
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt03506
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt066015
IRS990EZ/TotalProgramServiceExpensesAmt058812
IRS990EZ/TotalRevenueAmt060256
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.washingtonstreetmall.com
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRIOR PAYABLE FORGIVEN $1250
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Advertising and Promotion $21049
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MAINTENANCE AND DECOR $31201
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TROLLEY-TRANSPORT FOR MALL $5000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ADMINISTRAIVE $1305
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BAD DEBT EXPENSE $1250
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6MISCELLANEOUS $312
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Accounts Receivable - Beginning $4150 Accounts Receivable - Ending $10500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Accounts Payable and Accrued Expenses - Beginning $1250 Accounts Payable and Accrued Expenses - Ending $3206
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9ASSESSMENTS PAID IN ADVANCE - Beginning $0 ASSESSMENTS PAID IN ADVANCE - Ending $300
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Revenue.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Assets.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Total Liabilities.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Total Liabilities.1
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Dawn DeMayo
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-08
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/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Ford Scott & Associates LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01535 Haven Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Ocean City
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0082260538
ReturnHeader/PreparerPersonGrp/PhoneNum06093996333
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0John A Sabella CPA
ReturnHeader/ReturnTs02017-11-08T07:25:54-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$48,094
Liabilities
$3,506
Net assets
$44,588
Revenue
$60,256
Expenses
$66,015
Net income
-$5,759
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.08$0.74$1.34$2.37$1.11$1.26
2023Detailed filing. Detailed filing data is available for this year.$1.32$1.24$0.08$0.75$0.95$0.20
2022Detailed filing. Detailed filing data is available for this year.$0.63$0.35$0.27$0.65$0.51$0.14
2021Detailed filing. Detailed filing data is available for this year.$0.14$0.14$1.40$1.46$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.30$0.01$0.30$0.62$0.59$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.28$0.02$0.27$0.59$0.69$0.09
2017Detailed filing. Detailed filing data is available for this year.$0.46$0.03$0.43$0.57$0.59$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.48$0.04$0.45$0.60$0.66$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.52$0.01$0.50$0.59$0.53$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.50$0.09$0.41$0.58$0.53$0.05