Civic Intelligence

Bedford Stuyvesant Gateway District Management Association Inc.

990 • Fiscal year 2017 • EIN 27-0295829

Jul 01, 2016 to Jun 30, 2017 • Filed on Dec 14, 2017

1368 Fulton Street No 3rd FLBrooklyn, NY 11216

(718) 636-6905

Siviq Scores

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

Liabilities / Assets

56th percentile

0.05x

Higher debt load relative to assets than 56% of similar nonprofits.

2017 filings • NTEE B • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

55th percentile

0.03x

Higher debt load relative to revenue than 55% of similar nonprofits.

2017 filings • NTEE B • $500k-$1M nonprofits • Source year 2017

Net Margin

53rd percentile

4.9%

Higher net margin than 53% of similar nonprofits.

2017 filings • NTEE B • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

67th percentile

$38,856

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

2017 filings • NTEE B • $500k-$1M nonprofits • Source year 2017

Asset Growth

58th percentile

9.6%

Faster asset growth than 58% of similar nonprofits.

2017 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

46th percentile

4.2%

Faster revenue growth than 46% of similar nonprofits.

2017 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$519,238

Up $45,357 (+9.6%) from 2016

Net Assets

Up

$494,886

Up $35,412 (+7.7%) from 2016

Liabilities

Up

$24,352

Up $9,945 (+69%) from 2016

Revenue

Up

$720,760

Up $29,295 (+4.2%) from 2016

Expenses

Up

$685,348

Up $35,693 (+5.5%) from 2016

Net Income

Down

$35,412

Down $6,398 (-15%) from 2016

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2015: $456,984Liabilities 2015: $39,320Net Assets 2015: $417,6642015Assets 2016: $473,881Liabilities 2016: $14,407Net Assets 2016: $459,4742016Assets 2017: $519,238Liabilities 2017: $24,352Net Assets 2017: $494,8862017Assets 2018: $453,128Liabilities 2018: $56,579Net Assets 2018: $396,5492018Assets 2019: $275,582Liabilities 2019: $29,937Net Assets 2019: $245,6452019Assets 2020: $229,376Liabilities 2020: $53,318Net Assets 2020: $176,0582020Assets 2021: $297,049Liabilities 2021: $113,559Net Assets 2021: $183,4902021Assets 2022: $408,048Liabilities 2022: $57,989Net Assets 2022: $350,0592022Assets 2023: $430,508Liabilities 2023: $35,288Net Assets 2023: $395,2202023Assets 2024: $478,483Liabilities 2024: $35,341Net Assets 2024: $443,1422024

Highlighted filing

2017

Assets$519,238
Liabilities$24,352
Net Assets$494,886

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2015: $719,256Expenses 2015: $621,048Net Income 2015: $98,2082015Revenue 2016: $691,465Expenses 2016: $649,655Net Income 2016: $41,8102016Revenue 2017: $720,760Expenses 2017: $685,348Net Income 2017: $35,4122017Revenue 2018: $681,939Expenses 2018: $780,276Net Income 2018: -$98,3372018Revenue 2019: $699,960Expenses 2019: $850,864Net Income 2019: -$150,9042019Revenue 2020: $742,113Expenses 2020: $811,700Net Income 2020: -$69,5872020Revenue 2021: $753,193Expenses 2021: $745,761Net Income 2021: $7,4322021Revenue 2022: $939,508Expenses 2022: $772,939Net Income 2022: $166,5692022Revenue 2023: $812,177Expenses 2023: $767,016Net Income 2023: $45,1612023Revenue 2024: $958,251Expenses 2024: $910,328Net Income 2024: $47,9232024

Highlighted filing

2017

Revenue$720,760
Expenses$685,348
Net Income$35,412
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Dec 14, 2017
Return Version
2016v3.0
Gross Receipts
$720,760
Mission and Program Overview

Mission

The organization provides supplemental sanitation, public safety, streetscape improvement and marketing services to property owners, businesses and residents of an area established as a business improvement district.

Promote the vitality and economic growth of a business improvement district located in nyc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$404,447$448,544▲ $44,097
Pledges and Grants Receivable$41,195$63,157▲ $21,962
Prepaid Expenses and Deferred Charges$24,221$4,412▼ $19,809
Land, Buildings, and Equipment, Net$4,018$3,125▼ $893
Total Assets$473,881$519,238▲ $45,357
Liabilities
Accounts Payable and Accrued Expenses$14,407$24,352▲ $9,945
Total Liabilities$14,407$24,352▲ $9,945
Net Assets / Fund Balance
Unrestricted Net Assets$366,410$381,074▲ $14,664
Temporarily Rstr Net Assets$93,064$113,812▲ $20,748
Total Net Assets Fund Balance$459,474$494,886▲ $35,412
Total Liabilities and Net Assets / Fund Balance$473,881$519,238▲ $45,357

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,125$1,339$4,464
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Medina SadiqExecutive DirectorFT$38,856$38,856

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Block By BlockSanitationPO BOX 643873, Cincinnati, OH 45264$248,940
Revenue and Support

Revenue Composition

Contributions and Grants
$45,760
Program Service Revenue
$675,000
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,760
Change in Net Assets
$35,412

Audited Revenue Reconciliation

Revenue per Audited Statements
$720,760
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$17,742
Total Revenue per Audited Statements
$738,502
Total Revenue per Form 990
$720,760
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$489,400
Salaries, Compensation, and Employee Benefits$195,948
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$332,842$22,564-$355,406
Current Officers, Directors, Trustees, and Key Employees$95,487$61,439-$156,926
Advertising$55,140--$55,140
Other Employee Benefits$16,253$9,808-$26,061
Occupancy-$22,914-$22,914
Payroll Taxes$8,083$4,878-$12,961
Insurance-$8,280-$8,280
Fees for Services Accounting-$7,700-$7,700
Other Expenses$3,427$4,357-$4,357
Office Expenses-$3,876-$3,876
All Other Expenses$121$1,809-$1,930
Depreciation Depletion-$893-$893
Travel-$231-$231
Total Functional Expenses$531,962$153,386$0$685,348

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$703,090
Expenses per Audited Statements$685,348
Total Expenses per Form 990$685,348
Expenses Not Reported on Form 990$17,742
Expenses Not Reported on Financial Statements$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
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

One person from the governing body acts as the spokesperson for the group and passes on the changes to the accountant.

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

Board members are required to disclose any conflicts of interest. Any conflicts are reviewed and action, if required, is determined.

Form 990, Part VI, Section C, Line 19

The financial statements are available upon request. The governing documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Bedford Stuyvesant Gateway District
EIN
27-0295829
Phone
7186366905
Address
1368 FULTON STREET NO 3RD FL, BROOKLYN, NY 11216

Signing Officer

Name
Medina Sadiq
Title
Executive Director
Phone
7186366905
Signed
2017-12-14

Organization Details

Principal Officer
Medina Sadiq
Formed
2009
Legal Domicile
Ny
Voting Board Members
26
Independent Board Members
26
Employees
3
Volunteers
0

Preparer

Firm
Bernstein Rosen & Company Cpas Pc
Address
630 THIRD AVENUE SUITE 1502, NEW YORK, NY 10017
Preparer
Bernstein Rosen Company Cpas Pc
Phone
2126129700
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Outside contractors: program service expenses 332,842. Management and general expenses 22,564. Fundraising expenses 0. Total expenses 355,406.

Part XII 2C

Board of directors reviews and approves financial statements

Financial Statement Notes

PART X, LINE 2:

The organization follows the provisions of asc 740, accounting for uncertainty in income taxes, which addresses the accounting for, and disclosure of more likely than not for recognition and de-recognition of tax positions taken or expected to be taken in a tax return.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4ATTORNEY
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20REPRESENTING THE MAYOR OF
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt026
IRS990/GovernmentGrantsAmt042000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0720760
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt026
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt08280
IRS990/InsuranceGrp/TotalAmt08280
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01339
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04018
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03125
IRS990/LandBldgEquipCostOrOtherBssAmt04464
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION PROVIDES SUPPLEMENTAL SANITATION, PUBLIC SAFETY, STREETSCAPE IMPROVEMENT AND MARKETING SERVICES TO PROPERTY OWNERS, BUSINESSES AND RESIDENTS OF AN AREA ESTABLISHED AS A BUSINESS IMPROVEMENT DISTRICT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0459474
IRS990/NetAssetsOrFundBalancesEOYAmt0494886
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt022914
IRS990/OccupancyGrp/TotalAmt022914
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03876
IRS990/OfficeExpensesGrp/TotalAmt03876
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt09808
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt016253
IRS990/OtherEmployeeBenefitsGrp/TotalAmt026061
IRS990/OtherExpensesGrp/Desc0SPONSORSHIP
IRS990/OtherExpensesGrp/Desc1EQUIPMENT & SUPPLIES
IRS990/OtherExpensesGrp/Desc2WEBSITE COSTS
IRS990/OtherExpensesGrp/Desc3TELEPHONE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03587
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11050
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt24357
IRS990/OtherExpensesGrp/ProgramServicesAmt015228
IRS990/OtherExpensesGrp/ProgramServicesAmt15381
IRS990/OtherExpensesGrp/ProgramServicesAmt23427
IRS990/OtherExpensesGrp/TotalAmt015228
IRS990/OtherExpensesGrp/TotalAmt18968
IRS990/OtherExpensesGrp/TotalAmt24477
IRS990/OtherExpensesGrp/TotalAmt34357
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04878
IRS990/PayrollTaxesGrp/ProgramServicesAmt08083
IRS990/PayrollTaxesGrp/TotalAmt012961
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt041195
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt063157
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt024221
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04412
IRS990/PrincipalOfficerNm0MEDINA SADIQ
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0TAX ASSESSMENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0675000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0675000
IRS990/ProgSrvcAccomActy2Grp/Desc0MARKETING - RETAIN, EXPAND AND ATTRACT BUSINESSES AND INVESTMENTS TO THE DISTRICT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0162115
IRS990/ProgSrvcAccomActy3Grp/Desc0SECURITY - PROVIDE INCREASED SECURITY THROUGH HIRING OF PAST VETERANS OF THE NYPD AND A WORKING RELATIONSHIP WITH VARIOUS GOVERNMENT AGENCIES.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt040146
IRS990/ProgSrvcAccomActyOtherGrp/Desc0HOLIDAY LIGHTING - INDEPENDENT CONTRACTOR WILL INSTALL HOLIDAY STREET LIGHTING THROUGHOUT THE DISTRICT FROM THANKSGIVING TO NEW YEARS EACH YEAR.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1OTHER MISCELLANEOUS PROGRAM EXPENSES
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IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt115228
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt016490
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IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0424153
IRS990/PYOtherRevenueAmt00
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IRS990/PYRevenuesLessExpensesAmt041810
IRS990/PYSalariesCompEmpBnftPaidAmt0225502
IRS990/PYTotalExpensesAmt0649655
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0691465
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt035412
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00

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